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As far as I recall Luxuriant Holdings never really existed. It was an entity name that was never registered anywhere. Some folks liked the sound of it so they just started using it as the "official name" of this scam.
Same is true for MJVC: Marijuana Venture Capital Incorporation (per the web site logo). Not sure what that is supposed to mean in English. No evidence that it has been registered anywhere except in the minds of the pumpers.
Milt, are you looking at a page different from the SutimCo FB page? There's lots still at: https://www.facebook.com/Sutimco
I just took a tour down memory lane with SutimCo. I almost forgot about Looter's emergency procedure to remove the tumor that was wrapped around his spine.
I hope he's doing OK. I mean, if the jailers forced him to use a top bunk that would be downright cruel.
The sad history of PRPM is that it was under a DTCC Global Lock starting in April of 2014. All of the Company's (imaginary) plans came to a halt and the GL was a convenient excuse.
The plan (as explained during the summer of 2014) was that Eddie and Looter who going to distribute shares to the victims/bagholders of PRPM in the new shell called SUTI. SUTI would be the trading vehicle that would take the PRPM business plan with BOOM soon to follow. You can see the price performance of SUTI including the R/S that Eddie instituted in October of 2014.
So, you see, PRPM holders were getting shares in SUTI to make up for the pain they endured under the very unfair DTCC GL. That distribution was to take place anytime starting last July of 2014 through...well...maybe this July. Hmmm...it's August now. I dunno.
One of Looter's last hurrahs was to note that Eddie was in charge of the filing with FINA for the SUTI share distribution. Looter didn't want to make any statements that would sully his stellar resume and reputation. The guards at the Washington County Jail that keep an eye on the former PRPM/SUTI CEO are duly impressed with his "truthiness"...and his ability to keep his cell neat and orderly.
You get the picture.
IIRC Luxuriant Holdings was the "new name" of PRPM -- not a spin-off. The name change never took place.
Sorta the same way that the pumpers at SUTI also refer to that company as MJVC..."Marijuana Venture Capital Incorporation" according to the logo Eddie put together.
The $ 3500 per week in salaries doesn't include "consulting fees" so the liabilities are racking up pretty fast.
Fortunately SUTI has at its disposal the magical liability spin-off entity that will absorb all debt and move it off the SUTI balance sheet.
If you think Jorge is taking revenue from the sale of the weed he's growing and booking it as SUTI revenue then you must be smoking too much.
What's Jorge's is Jorge's. He's not intertwining anything of his with anything of SUTI's...other than maybe expenses.
You would think that as the discussions continue between Jorge and the investment/hedge fund managers that Jorge would have the contacts to break free of the tainted SUTI shell.
For his sake, I hope Jorge's employment agreement with SUTI doesn't require that he stay out of the weed business for a year following his departure.
Oh wait, Jorge already has his own weed business. It competes with SUTI.
I like the fact that Eddie is still here. At least we know what his "accomplishments" are.
All of Jorge's accomplishments are hyperbolic and illusory.
But...Venture Capital Incorporation. WTF?
My bank charges business accounts big fees if the balance falls below $ 2500. That $ 30 must represent the loose change found behind the sofa cushions in Looter's trailer park sofa.
History is on my side. Your expectations are more speculative than mine. Oh, and good day to you, too.
If it matters to you, prepare for disappointment. Because it's not gonna happen.
Can we rely on Jorge to shut out the lights when the end comes? Wouldn't want Eddie's name to be on an unpaid electric bill.
I took a quick look at the financials last night...I didn't dig into the notes to see what goodness might be hidden there.
IIRC for the first 6 months of 2015 the profit and LOSS statement shows $ 90K for salaries and wages.
A CONjured up nonexistent trading symbol seems appropriate though, no?
Speaking of magic, let's not forget about the magical entity that will absorb SUTI debt so the balance sheet can be cleaner.
What a hoot.
I disagree. We get nice reports about Jorge's plant babies and his sale of weed. When I get time I will post some pictures of my kitty. Both have the same level of relevance to SUTI.
I'm outside of Texas.
We call it a SCAM.
One syllable. Four letters. Easy to pronounce.
I don't think Jorge is working for "FREE." I think the PR said his compensation was "deferred."
The amount of Jorge's wages should be on the expense side of the Income Statement with a corresponding entry on the liabilities side of the Balance Sheet.
Of course if his travel and other expenses are being covered by SUTI as Jorge does double-duty for SUTI and his personally owned ventures then there should also be some accounting entries showing reimbursement to the Company FROM Jorge.
I'm sure that the crackerjack accountant/B-I-L is all over it.
Soon to repeat itself
Some are anticipating that the ticker symbol will indeed be changed to MJVC...just in time for the Super Bowl ad!
Can't finish the financials until Eddie tells the accountant how many thousands to accrue for the 2nd quarter consulting fees.
That kinds of genius does not come cheap
Revenue side of the income statement will be easy, though.
Looter has lots of free time. Unfortunately his access to phone and internet are both limited...and monitored.
Jorge has at least one company that we know of: KOLBE. This is the LLC that was sold and unsold by PRPM/SUTI at least 3 times last year. To anyone's knowledge Jorge still owns that company since Eddie never came through with the $$ to consummate the deal.
Jorge also speaks of the name "ECOVAPE" but it isn't clear if this is a company, a trade dress or something else.
What seems crystal clear is that Jorge operates for his own interests which makes any dealings on behalf of SUTI (where he is CEO...as of now anyway) a bit suspect. It is smart of him, however, because any dealings with Eddie are likely to end with a bit of...unpleasantness and name calling (search iHUB for the prior instances of Jorge and Eddie launching accusations at each other).
Jorge clearly indicated "MY COMPANY" made the sale.
SUTI is on the outside looking in.
No revenue from this for SUTI, that's for sure.
New deals = Total conjecture. The old deals still haven't been explained.
And spin from the doubters are nothing when compared to the spin of the BOOMers.
GLTU
The original post is (as is typical) virtually incomprehensible but my read is that the suggestion was that SUTI should be in the real estate business by helping the Craigslist??? poster find an appropriate place to grow weed. So, SUTI would RECEIVE the $ 1k. Thankfully, SUTI wouldn't have to PAY $1k because we know that wouldn't be possible (unless the Baron digs into his pockets).
When you think about it, a $ 1,000 finder's fee would be significant revenue for SUTI. I mean, compared to all of the other company operations.
Presumably Jorge IS receiving compensation. It's just not being paid in CASH, it is ACCRUING on the books as a corporate liability.
Nice that Jorge is busy generating revenue for himself.
Perhaps a MJ supply contract was part of the arrangement with CANNA. Doubtful that we will ever know.
I hope that deal was done at arms' length. Wouldn't want any double dealing allegations to sully Jorge's image as a top shelf businessman.
IMO, It's not the revenues that are causing the delay in the financials -- it's the EXPENSES.
Presumably Jorge has been traveling around the Pacific Northwest meeting with Canna and other prospective business partners. Hotels, rental cars, meals, shoe-shines: all of those expenses need to be tallied up and accrued (since the company has no cash). In addition it was announced previously that Jorge's remuneration was being accrued. Could this reveal how much Mr. Saenz is being compensated for his herculean efforts?
The financials could be more revealing than you expect.
In my book, not telling the truth is the very definition of a lie. In the world of Fast Eddie and his minions, the definition of a lie may be different.
The web site, the phone number and the S/S are inaccurate. How can you determine the details that are accurate and which are lies?
I will change it up so you can comprehend:
Answer to your question: We will talk about a DIFFERENT SUTI lie. So many to choose from.
Me thinks you have the wrong Oak River Technology, KAM.
The "TDEY" ORT has something to do with processing insurance claims.
The Minnesota building you showed is a company that says:
High hanging curve
Ah, the illusion of your casino workplace is created to lure idiots who believe they can "beat the house" when those in the know are aware that the house always wins...eventually.
Those palaces were not built so that Joe Schmoe can walk away with more money than he had going in.
Same is true in these scam companies. The house (Eddie) wins and those who tout this crapola might win if they get out quick enough.
The idiots walk away empty handed.
The answer is: because Eddie is a software development GENIUS. He conceived, designed, coded and implemented the WEED PAYMENT system that was sold...help me here. Which Eddie scam company bought it and which Eddie scam company company sold it?
And Eddie is devoting much of his workday to the development of the HEMPSTER social networking platform for WEED.
Eddie is also responsible for the MJVC.ORG web site which is one reason why it isn't working.
Canna in the City through their credibility behind you and you let them down.