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Btw NewCo, I took a quick look at your posting history. You sure do mention Nick a lot and have posted on just about every company his name has been associated with.
You sure your not Nick?? lol.
I can usually smell a promoter pretty quick having been one myself.
That's just Nick Brusatore's TerraSphere reborn under a new name.
I've seen their FB page. Looks like a very low tech soil based flood and drain system. When they sign a deal with something other than non-reporting pinks who have no money and survive on forward looking press releases I might take them serious.
One should always know the valuation of their peers. Companies don't trade individually, they are valued against an industry average.
If the average P/E of one industry is 2, but another industry has a P/E average of 50.. I think it probably says something about the interest of that industry.
There're shells trading $200M market caps.. Even the crappy ones trade $10M market caps.
Good times.. good times..
realfast95, yes vertical farming is for real.
http://www.indoorharvest.com
We're collaborating with MIT
http://www.mitcityfarm.com
Lots of great articles on our Facebook page
http://www.facebook.com/indoorharvest
We're about to build a 6,000 sqft farm that will eventually be capable of producing about 20,000 heads of lettuce/Kale/Basil for local grocers each month and we will operate year round.
I noticed they mention they have 20,000 shareholders.
With so much interest in cannabis stocks from retail investors, these guys should have raised capital via a Direct Public Offering, or a Rule 506(c) general solicited offering. That would have been well received by the market and refreshing to sophisticated retail investors.
Floorless convertible notes are rarely a good thing for retail investors. In the end, you still need to generate retail interest to fund the notes. Might as well eliminate the middle man.
Their tech won't grow cannabis.
Congrats guys..
Nice move from a nickle.
They should have embraced cannabis. Not much money in leafy greens and herbs.
The company just landed non-toxic PIPE funding for $1M with no revenues to speak of and $300K stockholder deficit and currently trading at a $4.4M market cap.
From a value perspective, they seem to be doing pretty good to me.
The trusted Ebb and Flow design.
Personally, I think Aeroponics is the future of soiless methods.
Your jimmies in a twist?
I never said there's no profit. There are some residency requirements and TRTC is a Nevada residing Company. I do not believe having an office in Washington will satisfy I-502.
I'm not here to bash bud.. I just know I wanted to make some direct investments and was told by legal counsel that under the laws I couldn't profit. I'm just assuming the same will go for an outside business.
Besides, until Federal Laws change, it would be irresponsible for a public company to invest capital into actual growing operations. It better to stick to the ancillary side.
It's a hot sector, who wouldn't be following it?
Profit sharing, ie: sharing profits with third parties.
The intent of the law is to prevent outside money from flowing into the sector and hurting local growers.
Of course there is profit to be made, but who makes that profit is regulated.
I'm following numerous companies, both private and public, that are involved in some way with urban agriculture or vertical farming. I run my own start-up within the industry so my investments are with myself. Keeping up with peers is just part of the job.
There is no profit sharing allowed in cannabis to my knowledge. If that is the case, how then does a publicly traded Company directly participate in cannabis profits?
The money is made indirectly through ancillary means such as selling the equipment, supplies etc..
Washington laws are pretty straight forward on profit sharing.
I'm not aware of the laws changing, or even any lobbying efforts to change them. The residency requirements were pushed hard so that outside money wouldn't come in and take away market share from local growers.
There are residency requirements for grower licenses and the system is tiered so no one entity can vertically integrate. In other words, you can obtain a grower/processor license, but you can not obtain a retailer license as well.
The only possible way around the laws now would be to build growing facilities and then lease them out to licensed growers.
Given the current lobbying efforts and laws, I find it quite impossible a "Company" can obtain a growers license directly. Profit sharing is forbidden under almost all cannabis laws right now.
The post came from Rob Griffin who went on to say some pretty nasty things of his own. Does that qualify as peer reviewed?
BREAKING STORY: Former Dixie Elixir chief scientist outs Medical Marijuana Inc and Dixie as frauds:
"I'm tired of so called CBD companies claiming that what they provide is medicine. Anyone using a CBD from hemp product please be aware of what you're actually getting b/c it is not what you think. These formulations start with a crude and dirty hemp paste (contaminated with microbial life! I have seen this and these organisms decompose the paste. The paste perhaps even contains residual solvent and other toxins as the extraction is done in CHINA) made in a process that actually renders it unfit for human consumption. What these companies are doing is criminal and dangerous. In fact MJNA's RSHO is literally just this hemp paste diluted in hemp seed oil. No refinement at all!!! And what Dixie Botanicals is offering is beyond disturbing. I cannot keep quiet any more. And since I formulated most of these products as head of Dixie science, I feel responsible for spreading the truth. I left Dixie for ethical reasons but it is not enough to just walk away. These frauds need to be exposed for what they are. Look out for my tell all article coming soon and feel free to contact me directly with questions as it is time to blow the whistle. Let's keep this industry pure and safe." -- Tamar Wise, formerly head of Dixie Science
Like · · Share · November 20 at 10:11pm ·
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Got this on my Facebook feed. I have no interest in MJNA, just passing it along. I can not verify the accuracy of this but it came from a very reputable source..
Naive CEO get's taken in by a shell promoter with promises of raising millions of dollars for his fledgling automotive start-up Company.
Then said shell promoter takes advantage of naive CEO by doing some shady things with the financing.
Independent stock promoter gets involved after CEO begins to realize shady shell promoter screwed him over. Together, both try and salvage the mess for shareholders. Shady shell guy tries to dump large amounts of 144 stock AFTER Rule 144(i) goes into affect. The SEC get's involved and the shell promoters get sanctioned for shady financing and violation of Rule 144(i).
I somehow remember that story well.
Something like this?
http://www.indoorharvest.com
I couldn't resist.
No opinions empty, I was just the promoter for 4 years. SIAF was a top 20 most traded OTCBB for two of those years. As a promoter, that's all I could ask for. I'm proud of what was accomplished.
My passions lie elsewhere however. I'm personally interested in the next generation of agriculture, not the current one. My skills are better put to use promoting that market.
The Company has done an excellent job improving their SEC disclosures. Investors have adequate information to make an informed decision. No need for my opinions.
I'm partial to the cannabis stocks. Did pretty nice with PHOT :P
Have you read the risk factors? Specifically the section related to risks related to doing business in China?
Ouch..
I suppose as long as the risks are disclosed, the exchanges and regulators have the cover they need. The underwriters only need it to be a successful IPO, they don't have to invest in it..
I "told ya so" comes to mind at this juncture.
I really wish we could short these stocks. I'd be rich.
They don't seem to realize that should the merger go through, the money comes from Pawson. That means he gets equity in exchange for it. If they were just buying the shell outright, the merger would have consummated a long time ago.
So it's true Pawson won't be a director or officer, however his convertible debt will surely effect shareholders for months to come.
If Scott's not careful, he could end up like Peter Collarafi of RVGD fame, with a greedy note holder killing his stock and almost taking over voting control. As a promoter, that was my first real experience seeing how these shell guys operate. I spoke to management and they didn't really seem to understand what they were getting into.
People think they are getting rid of Pawson, but he'll probably end up holding all the debt should this go through.
Or a headache depending on how you look at it.
No, I'm pretty confident that is the case. It's not speculation. I've been involved in a few R/M's as well as SPO's.
Relying on Safe Harbor will only get you so far.
I highly doubt there is competent legal counsel working with this group.
If there was, none of this would have ever been made public until the merger was 100% consummated.
How does that benefit Cambertire then?
I'm pretty sure they aren't going public to make penny traders money. They are going public to raise money.
Semantics..
You are correct, it's not "technically" a grey sheet. However, it's non-reporting. This means it's not eligible for Rule 144. That alone makes the shell pointless to use. So it might as well be a grey sheet.
You do know how Rule 144(i) affects this Company right?
Okay, so it's not a grey sheet.. it's more a fuchsia sheet now.
When the opinion letter is filed, it will still just be a non-reporting pink. Certainly nothing to get excited about.
The Company is still ineligible for Rule 144 unless it registers..