I compare Bitcoin and pot stocks potential to someone in 1998 saying this crazy though: "Buy into the Internet market space" Not so crazy now...
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
PMAP!! Enjoy :)
PMAP
Shares authorized only 14,000,000
Daily volume increased by 1000% last week.
Went up 160% last week, easily going another 150% this week!
Alert for PMAP!
PMAP !!!
The shareholder meeting approving the name change is scheduled for August 31 2013. Once the name change is done we will be getting a ton more attention from investors in the marijuana sector.
The new name of the company will be Advanced Cannabis Solutions Inc, and the ticker name will be ACS.
Anyone looking for information about the company can visit this page on the SEC's website:
http://www.sec.gov/cgi-bin/browse-edgar?company=promap&owner=exclude&action=getcompany
You will find there all the legal and accounting paperwork of the company. Also all major shareholders and their professional backgrounds. Again, if you are sceptical about this company being yet another pot stock scam I highly recommend you read their filings on the link above.
Cheers,
Shark
Details about new business plan. From 8-k
On August 14, 2013, pursuant to a Share Exchange Agreement (the
"Agreement"), Promap Corporation (the "Company") acquired approximately 94% of
the outstanding common stock of Advanced Cannabis Solutions, Inc. ("ACS") in
exchange for 12,100,000 shares of the Company's common stock.
In connection with the acquisition:
o the Company caused 8,000,000 shares of its outstanding common stock to
be cancelled;
o Robert Frichtel was appointed as a director and the Principal
Executive and Financial Officer of the Company;
o Roberto Lopesino was appointed Vice President of the Company; and
o Steven Tedesco and Robert Carrington, Jr., resigned as officers and
directors of the Company.
As a result of the acquisition, ACS is the Corporation's wholly owned
subsidiary and the former shareholders of ACS own approximately 88% of the
Company's common stock. The Company plans to acquire the remaining outstanding
shares of ACS at a later date.
Unless otherwise indicated all references to the Company include the
operations of the Company and ACS.
ACS was incorporated in Colorado on June 5, 2013. As of the date of this
report, ACS had not commenced operations.
Information regarding Mr. Frichtel and Mr. Lopesino is shown below.
Robert L. Frichtel, age 49 served as a managing partner of IBC Capital
Group, a commercial real estate and finance company, since 2002. Between 1999
and 2001, Mr. Frichtel was the president and Chief Operating Officer of EOS
Group, a division of Health Net, a NYSE listed healthcare company. Since 2001
Mr. Frichtel has consulted for numerous clients throughout the nation that are
engaged in the medical marijuana business and has written articles for Bloomberg
business regarding the cannabis industry. Mr. Frichtel received a Bachelor of
Science degree in business administrative from Colorado State University in
1985.
Roberto Lopesino, age 35, since March 2013, has operated a consulting
business that studies and monitors the medical marijuana market in Colorado and
consults to the industry on market pricing and trends. Since April 2011, Mr.
Lopesino has operated a non-brokered commodities market for the commercial
production of medical grade marijuana. Between August 2010 and March 2011, he
was the owner and manager of North Boulder Wellness Center in Boulder, Colorado,
a multi-site medical dispensary and producer of marijuana. Between November 2007
2
<PAGE>
and March 2010, Mr. Lopesino operated and managed a company specializing in deep
powder snowcat and heli skiing in the San Juan mountain range of Colorado. In
February 2006, Mr. Lopesino founded, and until December 2007 operated a
multilingual title company specializing in real estate document preparation and
closings. Mr. Lopesino studied engineering at Purdue University and the
University of Colorado in Boulder.
The following shows the amounts the Company expects to pay to its officers
during the twelve months ending July 31, 2014 and the amount of time these
persons expect to devote to the Company.
% of time
Projected to be devoted to
Name Compensation Company's business
---- ------------ ------------------
Robert L. Frichtel $108,000 100%
Roberto Lopesino $108,000 100%
The Company's directors serve until the next annual meeting of the
Company's shareholders and until their successors have been duly elected and
qualified. The Company's officers serve at the discretion of the Company's
directors. The Company does not compensate any person for acting as a director.
The Company's current officers and directors were elected to their positions in
June 2013.
Principal Shareholders
The following table shows the ownership, as of the date of this report, of
those persons owning beneficially 5% or more of the Company's common stock and
the number and percentage of outstanding shares owned by each of the Company's
directors and officers and by all officers and directors as a group. Unless
otherwise indicated, each owner has sole voting and investment power over their
shares of common stock.
Name Shares Owned % of Outstanding Shares
---- ------------ -----------------------
Robert L. Frichtel 1,000,000 7.2%
Roberto Lopesino 1,150,000 8.3%
Proposed Business
The Company plans to lease growing space and related facilities to licensed
marijuana growers and dispensary owners for their operations. Additionally, the
Company plans to provide a variety of services to the cannabis industry,
including a medical marijuana research and new product development laboratory.
The Company will not harvest, distribute or sell cannabis or any substances that
violate United States law or the Controlled Substances Act, nor does it intend
to do so in the future.
The Company plans to acquire two properties for the initial phase of its
business.
3
<PAGE>
The first property is a 90 acre parcel of land near Pueblo, Colorado. The
Company estimates that the Pueblo property will cost approximately $3,000,000,
with $1,300,000 payable at closing and $1,700,000 payable over a three-year
period. If the Company is successful in acquiring the property, which is
permitted for the legal growing of marijuana for medical purposes, the Company
plans to spend approximately $1,800,000 for the construction of a facility which
will be leased to medical marijuana growers. The proposed facility will include
specialized equipment necessary to allow for the use of the facility by medical
marijuana dispensaries. The facility will have indoor greenhouse growing
facilities, as well as a research, testing and new product development
laboratory. Tenants will pay rent and other fees to the Company for the use of
the facility.
The second property is a 9-acre parcel located in Boulder, Colorado.
Improvements on the property consist of a 40,000 square foot greenhouse and a
2,000 square foot building, with 8 undeveloped acres. This property is presently
leased until August, 2014 to a state licensed cannabis dispensary. If the
Company is successful in acquiring this property, the Company is of the opinion
that it can negotiate a new lease on the property which would provide for rental
income of approximately $130,000 each month to the Company.
The Boulder property will cost approximately $6,500,000, with $4,500,000
payable at closing and $2,000,000 payable over a three-year period.
The Company refers to its proposed growing facilities as Cannabis Campuses.
The Cannabis Campuses will offer dispensary owners the opportunity to grow
marijuana in a controlled setting without the costs associated with the
implementation of an expensive and difficult to manage growing facility.
If successful, the Company plans to reproduce the Cannabis Campus concept
in other locations in Colorado, as well as other states.
There can be no assurance that the Company will be able to obtain the
capital needed to purchase the properties.
Market Conditions
In Colorado (with 5.1 million residents), the 2013 medical marijuana
market, with approximately 500 licensed dispensaries and 110,000 legal medical
users, is believed to be $200,000,000.
While projections vary widely, many believe that when legalization occurs
in 2014, the Colorado medical and recreational market combined will reach
$600,000,000 (according to Colorado State University).
In Colorado, the market will be expanded in January 2014 to include adult
use, including visitors from other states. Voters in Washington state recently
approved a ballot measure to legalize cannabis for adult use. Many experts
4
<PAGE>
predict that other states will follow Colorado and Washington in enacting
legislation or approving ballot measures that expand the permitted use of
cannabis.
Government Regulation
Marijuana is a Schedule-I controlled substance and is illegal under federal
law. Even in those states in which the use of marijuana has been legalized, its
use remains a violation of federal laws.
As of July 31, 2013, 18 states and the District of Columbia allow its
citizens to use Medical Marijuana. Additionally, voters in the states of
Colorado and Washington approved ballot measures last November to legalize
cannabis for adult use. The state laws are in conflict with the federal
Controlled Substances Act, which makes marijuana use and possession illegal on a
national level. The Obama administration has effectively stated that it is not
an efficient use of resources to direct law federal law enforcement agencies to
prosecute those lawfully abiding by state-designated laws allowing the use and
distribution of medical marijuana. However, there is no guarantee that the
administration will not change its stated policy regarding the low-priority
enforcement of federal laws. Additionally, any new administration that follows
could change this policy and decide to enforce the federal laws strongly. Any
such change in the federal government's enforcement of current federal laws
could cause significant financial damage to ACS and its shareholders. While ACS
does not intend to harvest, distribute or sell cannabis, the Company may be
irreparably harmed by a change in enforcement by the Federal of state
governments.
General
The Company is leasing this space for $1,000 per month until December 2015.
The Company's offices are located at 7750 N. Union Blvd., Suite 210, Colorado
Springs, Colorado 80920. The Company's telephone number is (719) 590-1414. The
Company's fax number is (719) 590-4888.
PMAP
They announced their new business plan last friday and already filed their 8-k.
http://www.sec.gov/Archives/edgar/data/1477009/000100487813000244/form8kitem101aug-13.txt
Quick summary of their intentions: They were formely (until last week) a gas and oil mining company thats been established for many years. They own 99 acres of land in Colorado where they mined. With the new marijuana laws in Colorado, their new business plan is to lease their land to legal marijuana growers who grow for dispensaries. They have no intent to sell or harvest the weed in their fields.
100,000,000 AUTHORIZED SHARES
APPROX. 14,000,000 SHARES OUTSTANDING
You're welcome.
Up nearly 30% today. WHO EVER IS READING THIS, WE CAN MAKE THIS RUN HARD WITH LITTLE INVESTMENT.
5th green day in a row. This is going nowhere but up!
Not if buying pressure starts coming in.
What everyone needs to understand is that this company will not sell, distribute, or harvest the weed that is groing on their property. They are simply using the land previously owned by Promap Inc (They drilled for oil and gas) which happens to be 99 acres. They will collect rent income from growers (legally). The new director has legitimatly hundreds of contacts in the Colorado marijuana market (again, the new corporate legal aspect of the weed business in that state) which will make it easy for him to find renters. Guaranteed Fritchel would not gamgle his reputation and wealth on the plausibility finding growers to rent out 99 acres of land on which income was already being produced from prior operations!
Promap acquired 94% of Advanced Cannabis Solution for 12,100,000 shares, but in the process 8,000,000 Promap shares were cancelled. Which means there are about 14,000,000 outstanding. That is a relatively low figure when compared to the amount of authorized shares.
I truely beleive we will see some big gains in the next few weeks, regardless of what FINRA says. This comapany is so far from being a penny scam weed stock! The scam companies continuously increase their authorized shares (without shareholder opinion because the companies usually own more than half the shares, so the decision to increase is theirs) and then they pay in shares for a promoter to send out emails, the buys start pouring in, the promo company sells its shares at the same time the scam company sells off a big chunk of its newly created shares! The stock prices drops by half in one day, the public investors got screwed and the scammers and promo team possibly made millions of dollars!!
Anyways, the FINRA letter might even boost interest for a clean, fully reporting company such as PMAP.
Hi, here's the new up and coming boomer in the mmj sector: PMAP
Do your own research, this is one is a gem.
You're welcome.
But yeah I can see this going on a mega run in the near future... like 50.00$-75.00$ and then falling back down in 10.00$ range.
I am sure they will have promoters eventually. The only bad thing with promoters is that they get paid in shares and once their are done promoting the stock they sell all their shares to turn a profit and the share price falls hard... It might be better if they let the promoting happen by itself. We might not see 100% daily gains but at least the gains should be consistent (if they do all the 8-k says they want to do).
I currently have a tiny position in the stock roughly 100 shares, but I am ready to come in with a few thousand $ if the feeling is right ;)
yes
You can email them, I sent them an email last week asking when the name change was going to happen and they answered me the same day. They probably cant answer all your questions but its worth a shot. In my opinion they still have a long way to go before receiving actual rent income.
You're welcome.
PMAP leasing 99 acres of land to legal marijuana growers in Colorado. Only 9 million outstanding shares.
http://finance.yahoo.com/news/promap-acquires-advanced-cannabis-solutions-100000770.html
Another red day...
Check out Promap corp, they are leasing 99 acres of their land to legal medicinal marijuana dispensaries in Colorado so that they can grow their weed there. They filed a 8-k report last friday, so this is a fairly new development. It only ahs 9 million outstanding shares. It can easily have Medbox gains within the next month.
Here's the 8-k:
http://www.sec.gov/Archives/edgar/data/1477009/000100487813000244/form8kitem101aug-13.txt
I know this message will probably get deleted.. hopefully you are lucky enough to be reading this :P good luck
fixed it. we had pmap from nasdaq displayed (a private company), just had to add otcbb to the ticker and it worked.
we had the wrong graph displayed!! I just fixed that up
Anyone know why the ticker/graph on our page isn't working?
Temptation is there but I can't afford it
I wish my entry point was here at 0.0015! Those who get in at this point and want to be long should make good profits eventually...
Yup, down 76% with a million shares.
Holding our shares will probably never get us our money back lol...
And flipping is tough, every time I've put up my shares for sale the market makers undercut my sale price and bring the share price lower and exchange their shares at a lower price. No winning here.
Im just sour about being duped by these guys :/
Good stuff, looking forward to tomorrow morning. Got some cash ready to go!
Are the financials coming out tomorrow for sure?
"The number of authorized shares per company is assessed at the company's creation and can only be increased and decreased through a vote by the shareholders."
So the increase they did wasn't exactly legal and transparent in regards to us shareholders...
Someone want to file a complaint and reverse the increase?
http://finance.yahoo.com/q?s=PMAP&ql=1
I also suggest you all read the 8-k they published late friday. Heres the link if you don't know how to find it:
http://www.sec.gov/Archives/edgar/data/1477009/000100487813000244/form8kitem101exh10aug-13.txt
AND
http://www.sec.gov/Archives/edgar/data/1477009/000100487813000244/form8kitem101aug-13.txt
Can private reply, but I am a current shareholder of skto. I will get a small starting position in PMAP on monday, but I feel as though it will fall to sub dollar before climbing any higher... almost at 3$ a share, that doesnt make any sense??
did you read the 8-k?
Seems like there is good potential with these guys and their idea, havent seen this concept in the mmj sector yet. What's your take?
From what I understand the company name and ticker will be changed soon to Advanced Cannabis Solutions. This is for sure a stock to keep on radar. It will be super volatile once the name change is done and once people realise the great investment opportunity.
Here come the trips :(
Unless it goes on a MDBX type run in the next few days...
If a promo company did a pump on this one it would sky rocket.
Well thats the price is closed at today... up 75% today
Interesting find. Don't you think 2.80$ a share is over-valued though?? Do you have information on the share structure by any chance?
couldn't agree more!
So what are we all waiting for here? Same posts every day, nothing has been moving for months... none of us have any idea of what the company is doing!! Bill and his team might be on a beach somewhere in the Caribbean with our money and none of us would ever know.
wow I've never seen such low volume mid day for fitx. This thing is dead
They are robbing us big time. Happy I'm not down nearly as much as some of you. Only a few thousand bucks. This might take several years before we see half a penny again.