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No doubt this is a bummer. I don't think its the end of the world. Said it before and its still happening lower lows just about daily in the cannabis sector. Its bad timing, no communication, and the cannabis market getting creamed, no pain no gain, glad I got a big bag of buds. I'm holding.
Pretty sure its UTRM not URTM. Maybe you be looking or playing the wrong ticker. That's OK we know what you mean, thanks for the input.
That's all well and good but does nothing to ease federal law. Until cannabis is completely removed from the Controlled Substance List its just smoke and mirrors. IMO
Imagine that? Did anyone have a link to said news? If some one can't back up a post its usually BS. IMO
You can lead a horse to water but you can't make them drink. I'm 99% sure this ticker sucks.
Surprise the 420 mj index was slammed again posting new lows. The bleeding continues.
Agreed! Now its time to medicate. LOL
I'm not going anywhere. Just more stuff on the wall. LOL
Well at least he didn't say soon. LOL
LOL its turning into a crap shoot. Simon says.....
Something needs to happen the whole cannabis sector and 420 MJ index has been making lower lows and new 52 week low. A major reversal is sorely needed. IMO
That's what I'm thinking GLTY
Ok when you double I will have broke even. Still a lot of ticks to a penny. This market in stall mode. UTRM
I know its hard to tell which tickers are real so I try to throw enough crap on the wall and hope some sticks. Just let me hit one home run and I'll be happy. A little communication from certain companies we are both in would be nice. GL
Yup one way or another we will find out. Its looking grim at the moment I also think James would not risk his reputation on a scam. I bought all I could and have my last order in for 250k at .0002 That would give me just shy of 10M If I have to hold for a year so be it. GLTA
I agree with you.
I really really hope you are right I still have 2M shares. I just think its not looking pretty. GL All my tickers are in the same boat and none of them are speed boats. LOL
Sure would be nice if pps increased with it. LOL
Well your consistent I can respect that. GL
Here is what the 10q says about Jessica pay attention to the dates.
Consulting Agreement with Jessica Vance (Owner of Suzie Q’s NPO)
On July 22, 2014, the Company executed a consulting agreement with Jessica Vance whereby the Company will pay Ms. Vance a signing bonus of $80,000 within 30 days of the executed consulting agreement as well as a monthly consulting fee of $3,000. The Company will also issue Ms. Vance 25,000,000 restricted common shares. Ms. Vance will provide operational support services to the Company with respect to the operations of Suzie Q’s NPO. As of September 30, 2014, the Company has not yet paid the $80,000 signing bonus.
PMCM did not pay the signing bonus. PMCM did not pay Jessica $3000 monthly consulting fee. PMCM did not take over the lease at Jessica's location. And where in the 10q is Puget Power even mentioned. NO where! Here is the rest of the agreement taken from the 10q.
NOTE 5 – BUSINESS ACQUISITIONS & GOODWILL
Suzie Q’s NPO
On July 22, 2014, the Company executed an amendment to the Asset Purchase Agreement, (the “Agreement”), with Jessica Vance, the owner of Suzie Q’s NPO, (“Suzie Q’s”), dated March 7, 2014. Pursuant to the Agreement, the Company acquired the business operations of Suzie Q’s, minimal equipment and furniture to operate the business, the customer/patient list and the exclusive rights to use the name “Suzie Q”. Suzie Q’s is a Washington state non-profit corporation. The Company paid a total of $20,000 cash pursuant to the acquisition of Suzie Q’s. The Company did not take over the lease on the location. The equipment and furniture had an approximate historical cost of $7,760 and a net book value of $0 as of the date of the Agreement. The Company recorded the excess consideration paid of $20,000 as goodwill.
It states right there they did not take over the lease. Where did PMCM move Suzie Q too? I own this stock, I have questions this is a forum to ask questions, get opinions, or share news preferably by PR. The stickys has the 10q. I got all this off the 10q I am not making this up. Again Merry Christmas and don't be afraid to ask questions.
The Bloom? I am making things confusing? That's funny. But Merry Christmas to you. If you don't want to believe PMCM's own 10q, I don't know what to tell you. And their 10q says nothing about Puget power. Keep dreaming, it all sounds good?
Is that dog a jedi? LOL
Cannabis stocks ended a rough week with another decline. 27% of the stocks rose in price, with 1 double-digit percentage gainer and 2 double-digit percentage losers. Stocks with volume above the 30-day average fell from 39% to 34%, with two stocks trading over $5mm in value. Five of the ten highest dollar-volume stocks rose in price as two traded above $1mm. Benzinga's 420 Marijuana Index fell about 2.7 points to 141.8. The index is down 11% year-to-date and down substantially from the 1010 peak in March.
This market is still bleeding and UTRM will bleed with it. I expect a run when it reverses. Index needs to cross 200 for signs of strong reversal. Who knows when? I'm ready
Thanks I need to learn quickly when cash is involved. LOL
This ticker has really disappointed and I asked questions why. I admit I'm still learning and I learn best by mistakes made and learning why I got fooled. If this stock was suddenly coming to life and flying to the moon that's one thing. But its not. Is this how a good company behaves? The 10q and pps paints a different picture. IMO
Are you saying that the 10q that PMCM filed is not correct. We know Puget is Jessica's and we know Jessica sold Suzie Q's to PMCM. Now you suggest that Jessica still owns both? Which is it? I believe the 10q, ignore it all you want. Her crops at Puget power is hers why wouldn't she post about it. You don't find it odd in Kenray25's post he says Jessica has had a bad experience with PMCM and was not staying with them. The 10q says so. Straight from the horses mouth in PMCM filings. I think my question is reasonable! Where did Suzie Q's move too?
That confirms the 10q which states PMCM did not take over Jessica's lease and per her response PMCM had to move by OCT.31 It also states in the agreement to pay Jessica 80K in 30 days of July 22 which they did not complete as of Sept.30 according to the 10q. When you renege on said agreement it would leave a bad experience for Jessica. Jessica was a one woman show. She grew it, process it, marketed it, and did it all by herself. She sold it to PMCM. What did PMCM do with Suzie's?
Suzie Q’s NPO
On July 22, 2014, the Company executed an amendment to the Asset Purchase Agreement, (the “Agreement”), with Jessica Vance, the owner of Suzie Q’s NPO, (“Suzie Q’s”), dated March 7, 2014. Pursuant to the Agreement, the Company acquired the business operations of Suzie Q’s, minimal equipment and furniture to operate the business, the customer/patient list and the exclusive rights to use the name “Suzie Q”. Suzie Q’s is a Washington state non-profit corporation. The Company paid a total of $20,000 cash pursuant to the acquisition of Suzie Q’s. The Company did not take over the lease on the location. The equipment and furniture had an approximate historical cost of $7,760 and a net book value of $0 as of the date of the Agreement. The Company recorded the excess consideration paid of $20,000 as goodwill.
That leaves more questions than answers. But clearly Jessica was not happy and wanted them out by Oct.31 And according to the 10q they knew on July 22 they would not take over Jessica's building and on Sept. 30 that was filed in the 10q. Where oh where did Suzie Q's go? To top it all off this whole time the A/S nearly doubled and dumped on us. Ta Da pps .0001 Where is the POT?
It would be nice to know where Suzie Q's moved to? But we know nothing except they did not take over the lease where Jessica is. Where did they move too? Have they planted more crops to supply the customers on patients list? But we get no answers. I sent three emails to suzie q's but received no reply. What is going on? Just tell us something PMCM or DM.
How? I have been holding 3.6M for 8 months and not once has this ticker done anything but bleed off to no bid and has stayed there since Aug. So please explain how this is going to go up with the amount of shares they have out standing??????
Holding also, even put in a order for 250K at .0002 just to see if and when it gets filled. This feeling sucks and not knowing anything doesn.t help. Been here before, it may take time and now is not quickly enough. Good thing I have lots of buds.
I had 2M shares before the suspension I'm stuck with those. I will not average down and have not bought into the Hope and Change theme going on. This ticker is in the greys what more needs to be said? If by some small chance in hell this does something else besides die, that would be great. I won't delude myself. IMO
Oh boy we might bounce to .0004 which is speculation at best. But hey anything is better than what we have now. Just have to see it happen before jumping on the Ra Ra band wagon. IMO
I thought 9B was the A/S?
Oh I agree and in the same boat as you with several tickers in this sector. Until this cannabis market turns around most tickers well continue to bleed and peeps will be pissed off at the results.
Whats the old saying, markets can be irrational longer than you can remain solvent. I really thought the election would of been the catalyst to kick off the next rush. Thinking after Christmas time turn around for the index. Hope James has fins ready. GL
Benzinga's 420 Marijuana Index fell about 3.6 points to 142.8. The index is down 10% year-to-date and down substantially from the 1010 peak in March. When it rains it pours. IMO
The last info on canmed can be found in the 10q.
Joint Venture Agreement with CanMed Ventures, Inc.
On February 23, 2014, the Company entered into a Joint Venture Agreement with CanMed Ventures, Inc., a British Columbia company, to build and operate a 30,000 square foot cultivation facility for the production of medical marijuana, whereby the Company will own 100% of the building, land and equipment and has granted CanMED a 10-year management contract for the operation of the Joint Venture.
As of September 30, 2014, the Company has not made any payments or advanced any assets pursuant to the joint venture agreement with CanMEd.
More questions than answers?
Lano and alon were Jessica's projects not PMCM.
This board is starting to sound like ERBB's board a year ago. All the doom and gloom until it ran from .001 to .10 Funny thing how history repeats. Will UTRM do the same? Maybe, maybe not. Pretty easy to figure out what to do. If you believe you hold if not then sell. I choose to hold and that maybe the wrong choice but I made it and I won't cry about it. If some are to fragile to play pennies go to the big boards. GLTA