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Gross mismanagement and Ill appropriated funds syphoned from the investors into people, entities and companies that barely even existed.
Geez, hopefully Dan Kriznic will still be there for guidance to flush the rest of the company into the toilet at his pay induction of $1.09 MILLION per year as a consultant. LMAO!!! Who do you think has been stealing all your money?!
Seriously, give us a break. There is a point of having a point, but this run around full circus of pointlessness is just that.
My points are factual and I have backing from the company's own letterhead, which was provided along with other factual information...
Invictus-MD will be facing BANKRUPTCY if they don't get their stuff together, REAL SOON.
None of the information I posted was "outdated".
Wake up to the reality.
So what about that "fake" salary report I posted earlier directly from Invictus-MD? Think I am just fooling around like an id10t? Where's your facts?!
In other words no.
Any facts and links to back that up?
So when some sold seeing $1-1.40 even at a loss that makes them not smart? %91-95 loss is supposed to be good investment advice.? Not many institution support that outlook. Only need to obtain %1000-1400 gains just to break even at this point.
If I ignored the facts and did not recognize the company for what it is and was, I would be a fool!
Thankfully, I am not.
Some people ignore the reality, while others live it.
Some people like to avoid the facts, others do not.
In short, Invictus-MD f'd everyone over. eom
So the facts are presented and you still want to make a dispute?
Invictus-MD is the one to blame for sucking all the money from your pockets.
Don't shoot the messenger.
Check page 11 of 29
https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.invictus-md.com/documents/July%252025,%25202019%2520Management%2520Information%2520Circular.pdf&ved=2ahUKEwjeuaPSvqnmAhWBdt8KHeLEALsQFjAGegQIBhAB&usg=AOvVaw3UdEzR_O18aUsLSdW0V_3Z
Straight from Invictus. No BS here, right...
Is Simmons not still on the Invictus website? What a great inaccurate company. Kinda gets under your skin, like an infection...
Information is from oct 2019, how is that considered outdated?
"Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: GENE has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: GENE has less than a year of cash runway if free cash flow continues to reduce at historical rates of -83.6% each year."
What exactly does Dan Kriznic do to earn $1.09 MILLION per year?!!!
"Dan Kriznic (40yo)
Founder and Advisor to Chairman & CEO
Tenure: 5.5yrs
Compensation: CA$1.09m"
"Trevor Dixon
President & Director
Tenure: 0.6yrs
Compensation: CA$240.00k"
"Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 33.1%."
"Experienced Board: GENE's board of directors are not considered experienced ( 0.9 years average tenure), which suggests a new board."
https://simplywall.st/stocks/ca/pharmaceuticals-biotech/tsxv-gene/invictus-md-strategies-shares?utm_medium=finance_user&utm_campaign=conclusion&utm_source=post&blueprint=856477#past
"Of course this may not be the best stock to buy."
https://simplywall.st/stocks/ca/pharmaceuticals-biotech/tsxv-gene/invictus-md-strategies-shares/news/do-insiders-own-lots-of-shares-in-invictus-md-strategies-corp-cvegene/
This company is on the threshold of disaster if something positive doesn't happen sooner than later.
Those are the cold hard facts. Worth reading both of the provided links. Even worse than I thought.
Agreed hurri. Not sure why others can not see the obvious when it's happening right in front of our faces.
Past decisions are directly impacting our current situation in a multitude of ways. Even looking at quotes in my trading account, Invictus-MD went from a "strong buy" to nothing.
Yeah, still-invested-even-if-we-don't-want-to-be.
Stuck with my PODA spin off shares and trying to figure out why I should invest anything more into Invictus.
Inquiring and informed is what I am.
So does PODA. Remembering a while back someone thought it would be a good idea to reacquire them...
What a mess.
Let's think about as many hair-brained schemes we can get together to syphon investors money into companies that have no reputation, track record and in some cases, no marketable product and see how many investors we can fool out of their hard earned cash.
Serious reality check.
No Phase III completion for AP means no Health Canada approval which means no EU GMP. Currently Invictus does not have the funds to complete AP phase III as far as we are aware. If Trichome loan does not materialize, what's next?
Not a joke.
Where does that leave us.
So what you think is GTEC would be a good merger but not sure if they would be a good partner...? So GTEC buys Invictus because they owe Invictus $2M or is it the other way around?
We all seen how Invictus and GTEC deals ended in the past and it makes no sense to me. Invictus is/has been selling/sold off many assets and needs to borrow money just to continue operations and GTEC founding management came from Invictus.
What's going to be used for collateral, a bunch of worthless shares with exorbitant exercised prices that may or not be able to be obtained in the foreseeable future, or ever!
There is only one profitable cannabis operation in Canada that I know of and I highly doubt they would even consider taking on either GTEC or invictus as a partner.
No fear and projection here. Any response to other points being brought up by myself and others?
What happens if Trichome funding is a bust?...
Lots of good points stockchase. Anyone know what will happen if the Trichome financing does not happen?
Avoiding the facts does not make them go-away.
If one could prove otherwise, why don't they? They are still trying to secure more funding as current operations are not generating enough monies to keep operations and expansion projects proceeding forward, right...
Invictus-MD is like watching a little kid poking at roadkill seeing if it will get a pulse.
So many braindead moves. Simmons deal by far the worst as it is illegal in Canada to have celebrity endorsement. Airhead moves like they thought they were going to be able to brand their own packaging which again, illegal under hc regulations.
Today's headline news, more management turnover. Popular opinion was how "solid" the new management team was, now today, even better.
Some people should seriously read official Health Canada regulations and guidelines. Takes a lot of the guessing game out of what is happening with the company.
This is not exactly a startup company anymore. They are going broke because of millions being squandered and being awarded to undeserving individuals.
"They should also take care to avoid any situation that could compromise the health and safety of Canadians; for example, giving or offering inappropriate direct or indirect payments or inducements to any individual or organization."
Seems to me there was a lot of money floating around to many questionable individuals and organizations over the past couple of years. Those transactions could be reason for current delays of hc approval amongst others such as constant management turnover. HC has a reputation to uphold to not award licensing to just any company. They look at all aspects including but not limited to board of directors, management, staff etc...
Take it for what it's worth.
Not many business days left this calendar year to obtain hc approval, EU GMP, export license and shipment to dmc.
To date, failed promises is what we have.eom
Yep, lots of forward looking statements to look forward to. Just keeps getting better and better all of the time...
So thankful I got out when i did. Still trying to figure out why I should invest anything more into this company...
Or we can all get a reality check...
OFFICIAL HEALTH CANADA INFORMATION
Expectation of Ethical Conduct - Information Bulletin
https://www.canada.ca/en/health-canada/services/drugs-medication/cannabis/licensed-producers/policies-directives-guidance-information-bulletins/expectation-ethical-conduct-information-bulletin.html
Gee whiz, no wonder why Invictus has not been approved by hc over the past couple of YEARS.
Ya know, the neverending management rollover must be a great thing in hc's eyes.... Surely it is a pillar in everyone's mind as what a company should not do. At least one would hope.
Expectation of Ethical Conduct - Information Bulletin
https://www.canada.ca/en/health-canada/services/drugs-medication/cannabis/licensed-producers/policies-directives-guidance-information-bulletins/expectation-ethical-conduct-information-bulletin.html
Geez whiz, no wonder why Invictus has not been approved by hc over the past couple of YEARS.
Failure to Meet Expectations of Ethical Conduct
Accurate public information on the cannabis industry is fundamental to the integrity of the CR.
If a licence holder or licence holder applicant misrepresents the status of their application or their relationship with Health Canada officials, Health Canada may publicly correct any inappropriate or inaccurate statements and could pursue other regulatory compliance measures in line with its Compliance and Enforcement Policy for the Cannabis Act, if necessary. Moreover, inappropriate or inaccurate information provided in relation to public health and safety objectives of the regime and could affect licensing decisions.
https://www.canada.ca/en/health-canada/services/drugs-medication/cannabis/licensed-producers/policies-directives-guidance-information-bulletins/expectation-ethical-conduct-information-bulletin.html
Looks like we are finally getting down to brass tacks.
At least some people "get it".
Phase III needs to be completed first, then Health Canada approval and EU GMP, then export license for AP.
Invictus stated they would be exporting cannabis to DMZ by q4 of 2019. Now that's a long shot from where the company currently stands. No updates to even consider otherwise.
If phase III is still not complete and it takes three months to harvest a crop, the first shipment to DMZ will not happen until first or second quarter of 2020 assuming Invictus is able to gain all approvals and licences.
Five year supply agreement will be cut down to about 3.5 years if it holds together.
Look at the track records in pr's alone and YOU WILL HAVE YOUR EVIDENCE...
Some may get lucky... Maybe. Take care everyone.
Even if their actions come to fruition after the fact, it is still after the fact. It means it never happened when they said it would. These statements from the company leading investors into believing something when their forward looking statements are contradictory of their actions or actuality is what is deformation upon themselves.
No liability.
Going to make a ripple in the pond. People have been saying the same thing over and over again for the past couple of years, always with the same result.
How long does it take to make a simple website update of board of directors?
How long is "soon" for investors updates?
Will AC phase III be completed by q4 2019? Doubt it, let alone EU GMP and export licensing etc etc...
Invictus is somewhat of a mastermind of illusions that have not, and will never come to fruition. All those nice "forward looking disclaimers" protecting them from the constant lies they feed everyone and no accountability.
You just might get it at the rate it's going.
hurri made the point, and I agree.
"Right now, on paper this is just a penny stock that makes no money."
Exactly.
Been hearing a lot of talk, that's about it.
It's a "good" thing when no one can get in touch with the company right?!... This new management really cares.
Nice $0.078 dip this morning. Now a true penny stock.
This is all fantastic!
Keep up the good work Invictus!!!!