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A pittance and besides, they're either gone already or that person understands the value of his or her shares and will hold for a proper valuation. I, for one, will not settle for a pittance especially when the OTCQB, OTCQX, and the NASDAQ too are all in the offing! Go $GCGX...
Agree, but you can't make any money tossing around the same 100,000 shares. Share structure has to change.
Let's face it, so does yours.
This isn't about me, and besides, it looks like a buying opportunity if I ever did see one!
Everything in the pipeline is tracked for 30 days for a number of reasons such as batch contamination, theft, etc, etc,. Anyway, we are now past the delay period and everything coming out of the pipeline this month is ready for sale... $GCGX...
Besides, that first 30 day requirement started 30 days ago...
Matt emphasized storage requirement and we don't know, that includes you, the nature of the requirement.
Well then, you might want to search again for holding, Microbes, storage, and track and trace:
§40282. Inventory Control – Cannabis and Cannabis Products.
(a) A licensee shall establish and implement a written inventory control plan capable of tracking the location and disposition of all cannabis and cannabis products at the licensed premises.
(b) A licensee shall reconcile the on-hand inventory of cannabis and cannabis products at the licensed premises with the records in the track-and-trace database least once every thirty (30) calendar days. Reconciliation shall be performed by one person
and independently verified by a second person.
(c) If a licensee finds a discrepancy between the inventory and the track-and-trace database, the licensee shall conduct an audit.
(d) The licensee shall notify the Department within 24 hours if an audit reveals a discrepancy that is not within five percent of the documented inventory.
(e) If a licensee finds evidence of suspected theft or diversion, the licensee shall immediately report the suspected theft or diversion to the Department.
Authority: Sections 26012, subdivision (a)(3); 26013; and 26130, Business and
Professions Code. Reference: Sections 26011.5; 26012, subdivision (a)(3); 26130; and
26160, Business and Professions Code.
Not worth much though; Google "California Cannabis Quarantine," and it's true for all to see! $GCGX...
You are right Philip, and then, from my understanding, on October 1st, 2020, about 68 million spinoff shares will come off restriction and will be issued to the VGID shareholders as agreed, upping the outstanding shares to about 98 million. $LOFB...
Starting in June or maybe even as early as next week our product will be coming out of the pipeline, out of quarantine, and ready for sale. We are on the cusp, June will be the first full month of sales for Global Consortium and Matt Will most likely report those numbers by the first week of July. I suspect even before that, next week or the week after, Matt will be shouting his first sales from the rooftops. So, if there's money in June things are going to start happening: deals will get done and shares will get bought back to be returned to the $GCGX Treasury!
Kevin, I will lend support to that! After my conversations with Buzzy I am reasonably confident that we will get our spin-off shares. It's been a long time in coming but I understand there is an agreement of sorts and though it may take a team of lawyers yet, I believe we will get our spin-off shares!
Here's what Buzzy told me on March 5th:
"I'm fighting for it.
They agreed to issue "preferred shares" to V Group. The shares can be converted to free trading directly to shareholders after 6 months. They have not issued those shares to V Group yet. I will make sure our lawyer stays on them to get it done."
Subsequently Buzzy reiterated his earlier statement saying now that those preferred shares were issued before the end of last quarter, 3-31-20, which means, in less than 6 months now, those preferred shares can and will be converted to common shares, Lord willing and the creek don't rise, and issued directly to V Group shareholders.
That said, I would prefer to see a CUSIP number drop into my account indicating that something is happening and then convert to free trading shares after the holding period. Either way, there is hope at least that we will see our promised Leaf of Faith spinoff shares and rightfully so... Go $LOFB...
The following is a text I got from Buzzy on March 5th. He said this deal is good for VGID shareholders and I still think we will get our LOFB spinoff shares:
"I'm fighting for it.
They agreed to issue "preferred shares" to V Group. The shares can be converted to free trading directly to shareholders after 6 months. They have not issued those shares to V Group yet. I will make sure our lawyer stays on them to get it done."
Me too, been here 2 years also, if you count my short stint in TGGI before I realize that I had to switch over to BDCI which then merged into GCGX. Like you, I've heard it all, over and over again ad nausium and it is all absolutely BS: reports also show Matt is clean. Time for investigating is done, time for revenues is here!
Admittedly it has been a long time in coming but Global Consortium has arrived, is finally producing product, and will book revenues in Q2. I am certain that Matt will announce first sales of Indulge's oil in early June: said product started coming off the line end of April, plus a one month required storage-quarantine, and then our product can be distributed to the buyers. June is the last month in Q2 and should be a full month of production and sales. Global is clearly here to stay and I for one am excited! Go $GCGX...
Here here, I second that! Go $GCGX...
You know, many businesses across the land have been shut down by the government due to the pandemic and after fighting and scraping for years to establish their businesses are right now about to lose everything, I mean everything, through no fault of their own and, no doubt, many will never come back...
I thought GLOBAL CONSORTIUM was going to get shut down too, after fighting and scraping for 2 years to establish this cannabis business so, when I heard the good news that we were deemed to be an essential business it was such a relief, woohoo! We did not get shut down in this pandemic, we are in fact in business, producing oil, and creating a pipeline of Indulge's THC oil ready to sell in 30 days. The fact that we have to endure a 30-day storage or quarantine, whatever you want to call it, not a lie, is small potatoes... Go $GCGX...
Here here, I second that! Go Matt, go Tom!
Three reasons why Global Consortium Inc., not only survives but thrives in this rapidly growing California market place in the midst of a Global Cannabis Megatrend:
First, in a difficult business environment Global has exhibited the ability to adapt and overcome and as a result is now primarily a manufacturing company and not in retail, thank God: with its labor issues, real estate issues, tight margins and, that's before you even consider all the COVID-19 issues like social distancing and, bogarting in a Cannabis Nightclub, oy vey! Even better yet; there will be no shutting us down, not now or in the future as far as the eye can see; not medically or recreationally either as we are licensed for both. In fact, we are pandemic proof. You see, we have been deemed an essential business; do you know how huge that is, HUGE!
Second, we are developing our very own brand, Indulge Oils: sexy and sure to be selling better than the finest wines of California. Though, instead of selling at $80 per liter our oil sells for $8,000 per liter; huge! Then also, for the Edibles side of our business, I'm really pulling for an agreement with Nightfoods hoping we develop the Half-Baked brand; name is just too cool; hmmm, both sexy and cool!!!
Finally, despite the naysayers, all evidence points to the fact that we are producing revenues; huge, furthermore, we have little to no debt, absolutely huge! Consider this, the Cannabis Industry in 2019 leveraged itself to the brink of bankruptcy and now, in the midst of a COVID-19 crisis, with no access to banking, many of those Cannabis companies are not yet revenue producing and they are in trouble! In fact, the Cannabis Industry is right now facing a consolidation and I see so many more opportunities for Global going forward! All things considered, this is just shaping up to be yet another huge opportunity; folks, we're going to get tired of winning! GO MATT, GO TOM, $GCGX...
No problem, and I'm sure you'll find one you think has something to offer. I happen to think GLOBAL has plenty to offer. In fact, I went all in on this one and am very much looking forward to the press release reflecting, finally, our capability to produce and sell in this cannabis market, the largest in the world, and right in the middle of a Cannabis megatrend! Then too, I find this market exciting and our product to be, even what I would call sexy! GO $GCGX...
Exactly and that was my point, so what exactly is your point, that we have nothing. Well, I can't argue that but you've got to start somewhere and that's what we're waiting for in the upcoming release promised this week - production and sales of Indulge's THC oil for the month of April. Could come today still, Thursday is the best day according to statistics showing most widely read on Thursdays. But I hope we don't have to wait till then because the natives sure are restless! $GCGX...
Yeah right, major investment firms looking at the OTC, not hardly, not ever! That said, if Global overcomes a few more obstacles and uplists to the OTCQB first and then to the NASDAQ, well then we might get some attention, maybe even a buyout offer, who knows anything is possible in the OTC... $GCGX...
Well, we shall see. You've made your case, I've made my case and now let's see. I think the investors are way smarter than you give them credit for! Go $GCGX...
Look, I've been in scams before, plenty of scams, even rode some to the bottom and lost my ass and I can tell you that $GCGX is not a scam and that, for those who hold on just a little bit longer they will be rewarded!
I can tell you also that starting a new Cannabis business, especially in California, is almost like going to war, and everyone knows that the first casualty of war is the plan itself. Likewise, is it any wonder that our CANNABIS plan doesn't look anything today like what it did in 2018? Fear not, it looks way better!
First, we adapted and we are now primarily in manufacturing and not retail, thank God, with its labor issues, real estate issues, COVID-19 issues, social distancing in a nightclub, oy vey, not to mention very tight margins. And, better yet, there will be no shutting us down. In fact, for as far as the eye can see there will be no shutting us down, medically or recreationally as we are licensed for both. We are pandemic proof. You see, we have been deemed an essential business and do you know how huge that is, woohoo!
Second, we have an opportunity now to develop our brand, not the Infused brand, but our brand, Indulge, and from what I can tell that is huge too! I am pulling for an agreement with Night Foods and developing the Half-Baked brand!!!
Third, we have no debt and are in fact producing revenues; huge, absolutely huge! Consider this, the Cannabis Industry in 2019 leverage themselves nearly to the brink of bankruptcy and now, in the midst of a COVID-19 crisis, still no access to banking yet, many of those Cannabis companies are not revenue producing yet either and they are in trouble! All things considered, I think this is shaping up to be another huge opportunity for GLOBAL. The Cannabis Industry is right now facing a consolidation and I see so many opportunities going forward! GO MATT, GO $GCGX... GO TOM!
Who the f*** cares what the plan looked like back in 2018... What we care about now is the fact that this company has adapted in this ever-changing cannabis industry, has survived, and is now on the verge of producing upwards of $10 million in Q2, 2020... Go $GCGX...
- City approves marijuana licenses
- The manufacturing equipment begins move into the new Sacramento building
- Infused Edibles generates $500k in sales for Q2
- Cannabis Consortium completes a small private placement at $1.00 per share
There is not one lie in all of this, I repeat not one lie...
1. From the annual report. "Global Consortium, Inc. (“GCGX”), through its wholly owned subsidiary, Global Consortium Holdings Inc., owns Indulge Oils, a Cannabis Distillate. Indulge Oils is currently being manufactured in Sacramento, California, by Global Consortium
Group, LLC a licensed cannabis Manufacturer."
2. We sold the equipment to Global Group.
3. Infused Edibles generated over $2 million a year but it made better sense we part company: We have plans to acquire our own brand in the near future, hopefully Half-Baked: we have streamlined and we are better for it.
4. There were a couple private placements.
Bottom line, read the reports, it's all in there, plain as day. Go $GCGX...
In two years you haven't proven anything and all the while, in that same time period, the SEC has turned over every stone and the city too has turned over every stone in the licensing and permitting of Matt's business, Global CONSORTIUM Inc., and not one bit of evidence that this is a scam has ever been uncovered. Go figure, give it a rest... Go $GCGX...
Yes, kind of, but the reference was clearly to upcoming oil revenues being greater than that $1.5 million net in Q1. Chew on this, if Q2 net = $2 million, which is bigger then our Q1 net, so Q2 revenues would have to be $4 million at a 50% margin. Now, if Q2 net equals $3 mil or greater which I think it will, then revenues will have to be $6 million or greater!
Bottom line, give it a rest. Any day now we will have production and sales results for the month of April, woohoo!!! Go $GCGX...
Certainly not a lie, laugh out loud!
Folks, Warren Buffett once said: "The stock market is a vehicle for taking money from the impatient and giving it to the patient." Go $GCGX...
In the following tweet we find $1.5 mil net in Q1, and Matt subsequently has said that this is just a starting point, that quarter over quarter we would grow significantly from here. So, for Q2 earnings to exceed this number I expect April revenues to be in the $1-3 million range, taking into consideration a 50% margin: $GCGX...
https://twitter.com/Global_GCGXOTC/status/1247531052291112962?s=19
Look, I'm not afraid to put myself out there for what I believe in; what do you believe in? $GCGX...
I never bragged about shares I bought between 6 and 10 cents, and you know better, this isn't about me... How many shares do you have, regardless of price? Go $GCGX...
I suppose you're right, I'm not so smart, my average is 1.8 pennies per share times 16.9 million shares. Guess I'm not so smart... Go $GCGX...
Normalizing, and growing, and GLOBAL CONSORTIUM is in the right place at the right time! $GCGX...
Excellent read, ground breaking, progress, and growing demand for our products as far as the eye can see: $GCGX...
https://www.adweek.com/digital/5-ways-quarantine-has-changed-the-cannabis-industry-forever/
You're absolutely right Garyon!
Then wtf over?
What are you down, couple, $3,000 bucks, well I'm down a couple, $300,000 bucks but you won't see me biting the hand that feeds me. Matt said in the earlier tweet that he would update April THC oil sales in the first week of May so he's still got time to make good on that tweet and that's the one that we're all looking for and the one that counts. The other Indulge update Matt said would come before the end of the month is really probably just the same update. Now, under the circumstances, and the importance of this update, I'll give Matt the benefit of the doubt. Maybe he didn't look at the calendar or, it could be a matter of one hand not talking to the other hand: perhaps Matt did not coordinate with Tom regarding this update.
In any case, the Indulge update will come soon enough and then we can analyze the real potential here and that's what really matters; right? Additionally, it's required that the CEO announce the share buyback plan, so, I suspect the update will be in the form of a press release where we will find also the details of the share buyback plan!
Bottom line, we've got so much to look forward to here: beaten down price alone screams of share buyback and expecting revenues, more revenues, an audit, and uplisting too! Come on Matt, it's go time! $GCGX...
Wow, I don't think I've ever seen a crew work so hard to try and get my shares. However, I'm not selling I'm buying $GCGX... GO MATT!
He will, indicated that he was going to start with about 400 million first!