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Have you looked at the bios of the management team?
I think everything that has come out of IBRC the last 30 days and more has been a smokescreen.
Lol. You're killing me here. I do agree, though. This is spinning way out of control here.
Dude! I agree with you on this one. Apparently no one has heard about a merger where one set of shareholders gets screwed.
Malvern, at the risk of being slammed by every expert on this board, I'll suggest that we are involved in a reverse merger with Dreamlife Technology. They are a small, privately held(I think)company that claims to have proprietary technology that can produce a Sonic "force field", rendering bad guys immobile for 3-5 minutes. This is a short cut to listing on a stock exchange.
http://www.dreamlifetechnology.com/
I agree that this is the probable merger. I don't think they are a publicly held company.
Really? So you know who it is? Why not tell the rest of us?
No, Ogburn is gone from IRBC. Somebody else is scamming us now, but they won't say who.
Anybody know anything about this merger partner? Anybody even know their name?
Actually, the last I read said passage was immediate,but implementation won''t happen til 2018.
So now he's a member of the Ft. McDermitt allotment? Sort of proves my point, no?
Indian courts can. And federal courts can decide if you are the legitimate representative of the tribe. Like I said, google it yourself. Not sure, but I seem to recall it was 9th US Circuit.
Go back and check. IBRC's own PR stated that the contract was with the tribes. Not with Bills personally.
Also, BIA agrees with me, not you. You can google that too.
That's called a successful con artist.
No, you can google it. I read the court decision. It doesn't matter what his genealogy is, it's the fact that he's not recognized as a member of any tribe, therefore cannot conduct business in their name. That's pretty much the end of the discussion as far as I.m concerned.
You're overlooking the fact that if the "Chief" is not a member of the tribe, which he is not, any agreement made by him in the name of the tribe is null and void. Without the tribe behind him, he's just a con artist looking for his latest mark.
You'll also notice that the first word of my post was "If".
The license is held by the tribe not an individual. And Bills is not a member of any of the Nations, hence he doesn't hold the license. Where did you come up with the fact that MO is Native American?
Did you consider the fact that if that license to transport is based on the claims of someone the government doesn't recognize as Native American, they may not actually have that license.
How was the insurance issue resolved? Who provided coverage?
If the merger is with AHIT, that's the scam. A merger where the same person controls both sides of the deal is a land mine. MO not only gets to determine the offer price for our shares, he gets to decide if we accept that offer. All of us. And don't think he won't take a hit on his own shares, cause in the end, he owns them all. that's all he wants. I gotta run. Think about that and see if you can find the scam in that. It's clear that a lot of people have never heard of a merger where the shareholders of one company got screwed.
I don't think they're going by the book, I think they got hung up mid deal. Too many things to go wrong here. Two that I can think of are that DEA reclassified CBD, and they "outsourced" the CBD. The reclassification caused LLoyd's of London to discontinue their policy of insuring CBD deliveries as a result of that. Very probably their insurance carrier bailed on them at a really bad time. I've done a little looking and wasn't able to find anyone that would insure transport of CBD across state lines. And remember the thing about testing for purity and such? Outsourcing can lead to problems in this area. Customers have been known to refuse delivery, you know. Like I said, I think they're stuck and can't complete the deal.
Thanks. Great follow up. Forgive me for glossing over a few of the details of the accounting.
There's more than just Bills that stinks here. Ten years ago my brother and I were involved in brokering deals for material commodities, specifically sugar and urea. We did it for about two years. CBD oil is a material commodity, so the process is much the same. Once escrow is opened, the material is first tested by an independent third party lab to certify that what goes on the ship (or in this case the truck) is what is specified in the contract documents as far as chemical content, purity, etc. When it is delivered, it is tested again by an independent party to guarantee that what comes off the truck is what went into the truck. Once certified, the customer formally accepts the delivery. That triggers the closing of escrow, money gets transferred to seller. I heard deal completed, deal finished, deal finalized. But I never heard "delivered and accepted by customer", or "escrow closed."
They may eventually get it, but they don't have the $13M at this point.
Malvern. This one is going south. A short while ago I pointed out the importance of doing YOUR OWN DD. A lot of people obviousy have lower standards than my own for DD. This is what I knew about "Chief" Bills three months ago: 1) He is not Native American. He is Filipino/Hawaiian. His birth certificate is a matter of public record as it has been submitted as evidence in numerous court cases. His only claim to Native status is contention that he was adopted by a member of the Winnemucca colony. Unfortunately, that member neglected to inform anyone else. Also, being adopted by a member of a tribe does not make you a Native American, and does not grant you the sovereignty from American government. The upshot is that any contract signed by Mr. Bills as a representative of this tribe is unenforceable. Any claim to sovereignty from American law is fraud.
Mr. Bills was a person of interest in a homicide about 15 years ago. He was a person of interest because the person who was stabbed to death happened to be the guy who was opposing Bills to become head of the colony's council. Remains unsolved to this day.
About those numerous court cases. Bills has been fighting for years now to be recognized as the leader of the Winnemucca colony. Unless someone can show me a court decision more recent than the one I saw dated 2015, no court recognizes him as either a Native
American or Chief of anything.
And now Mr. Bills is a major shareholder of AHIT. Won't touch that one with a ten foot pole.
There is just a ton more out there about him, just don't quit reading after the first 3 or 4 results of your google search.
And what hiatus? Who declared a hiatus?
Not to nit pick, but we're actually down 80% in the last 7 trading sessions. I think you're right about the tanking.
Chirp.....chirp.....chirp.....chirp
You are aware that this is a non SEC filing/reporting stock, right?
Jelly: Did you actually call BIA personally?
It seems to me that we should not be debating the meaning of "finalized", but rather looking for the phrase "escrow closed".
Rule #1 of investing: Perform YOUR OWN due diligence. 'Nuff said.
I'm interested to know how you conclude that they don't have the oil to fill the order.
I assume therre's an SEC filing related to that?
$AHIT Merger? PR said merger with a "complimentary entity". From what I can see $AHIT is a REIT, specializing in single family residential housing. Where's the complimentary?
This shouldn't be that tough. If you can find the share register it will list his shares as either beneficiary or non-beneficiary. If they're beneficiary, he owns them. If they're non-beneficiary he controls them for someone else. Same for his wife's shares.