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It was an intentional tease photo op, same as when Dr. J posed in front of Bank America in Florida. All meant to illicit a response from the faithful.
Parabolic, you said "....mature supply chain and distribution network TXTM has VIA RSAMMD &, DR J's VALID licenses as well as import /export licenses". Mature supply chain and distribution network? Could you please elaborate on exactly who the clients are, what products are being sold to them?
No double-talk please. Be exact.
You could be right. But one thing Dr. J does have in SA is plenty of political connections. This would go a long way to getting listing on the JSE.
What's chances of them simply moving to the SA stock exchange (JSE)? I'm sure they would be welcomed /appreciated more there than on the OTC.
Obviously TXTM would not have lapsed in filings and de-listed if they wanted to invalidate the TXTM shares. Its ridiculous to suggest that, since it would poison the well for future negotiations with any serious business going forward.
The OTCM messed up bad? They were simply protecting the Public from shady promotional practices.
Most likely David Lewis has converted his restricted shares to common shares so he can sell them on the open market.
If RSAMMD decides to pull the plug on OTC Pink and switch to JSE Exchange, it will be the CE that will not make a lick of difference. Only we would probably get a R/S on the OS to get the company up to a more manageable share count/ PPS, as well as meeting the new exchange requirements.
Future shareholders will be better off; the current TXTM shareholders will get kicked to the curb. Of course, everyone should be used to it by now.
You are failing to realize there is an obvious difference between the current book valuation (15 million dollars) and potential Future sales revenue of the seeds. IMO, these seeds will never be sold. They are there just to give nervous shareholders reassurance that there is a stable asset on the books (15 million dollars).
Dr J had to shut up the revolting shareholders long enough for the CE to be lifted. That hasn't worked yet; maybe JSE exchange is the next tact.
There is only the 15 million dollar seed donation asset on the books. You are living in a fantasy world. Name the specific clients that are to receive the MJ harvest and what the terms of the contract are. You can't.
No clarity. No transparency. Once again, stop the nonsense.
Once again, what happened to the 3/year crop harvests & revenue, lists of clientele to receive the MJ, process/distribution network for the CBD, extraction technology patent updates, 2-3 major asset purchases, on and on. Please explain any of it with factual news sources- you can't.
It's been a lie. Stop the nonsense already.
I've been telling you what this is. A failed attempt at establishing a company. Familiar OTC Pinky upstart pattern; throw a bunch of stuff against the wall and see what sticks. Up to now-nothing.
Wash, rinse, and repeat. Maybe eventually something will gain traction.
Sounds like Dr. J is becoming the little kid in the candy store, too distracted to know what to buy. Now they are going to be a bank and organize all the farmers. Now they are going to be on the JSE exchange.
Forget about MJ cultivation (world's largest hemp farm?). Forget about NASDAQ. What next? LOL.
I wonder what the daily volume will be if TXTM transfers to the JSE exchange. I bet liquidity dries up significantly. Also what games will be played with the common share OS? Seems like a good time for an R/S to accompany things (what is are the JSE exchange requirements- have to be more stringent than the Pinkies).
Wishful thinking based on background signage Dr J was standing in front up at the BRICS convention. Pinkie investors need to get some momo going on a volume less stock with a CE attached.
Not to be a pain in the rear end, but someone explain what happened to the "2-3 Major Assets" that Dylon repeatedly told us would be transferred to TXTM last year.
What are they, and what happened to them. Not a peep from Dylon since. Illegal stock promotion.
It will be interesting to see if any actual crop sale proceeds find their way over to TXTM Q2 coming up in a few days. The last thing we need is another seed bag switcheroo. I think something will have to show up, just to keep the restless shareholders quiet in order to buy more time till the CE is lifted.
Lord knows they've had more than enough time to sell something already (3 crop rotation per year supposedly).
ICNM finally moving again with larger volume. The demand for .0003 shares finally overcame.
The real reason why the are cloaked in secrecy is they apparently have much to keep hidden from TXTM shareholders. Start with crop harvests and clients, then work your way along.
Next up.
TXTM is dead. RSAMMD is still in business though. Although they make sure no one can see the books.
There are no TXTM operations ongoing. Dead company. Tell us more about this "bank" you are trying to push off on us.
Tell us more "facts" about how RSAMMD never reverse merged into the TXTM shell via wholly created subsidiary last year.
Your arguments are well worded, but meaningless. Use some common sense. Without the Extraction Process, there was no reason whatsoever for RSAMMD to reverse merge into the TXTM shell. RSAMMD owns the land and the CBD crops outright, and also makes all the political & business connections on their own.
TXTM is a puppet who brings a few exportation advantages being located in the USA, that's it.
Speaking of deadlines, RSAMMD is still going through a year long clinical trial that has a few months left to go before we hear the results. We don't even know if the Extraction Process is going to be approved/ accepted. This was the main reason (only reason) why RSAMMD reverse merged into TXTM.
I would say everyone has jumped the gun stating TXTM is going to be the next Apple. We may end up being nothing.
The last ditch effort thru Dr J's "seed donation" is the only thing that shut up the angry shareholders from mutiny going into the Q1 Report. A thinly veiled attempt to buy time for another few months. The whole seed ownership consists entirely on paper and has no practical usage for TXTM. Apparently the $15 million seed inventory is just that. Unusable inventory.
I wonder what Dr J will do for the upcoming report? An educated guess will be more disappointment with no sales to report, no clients, no info on crop harvests. And CE- to be continued.
As Dr J state, RSAMMD owns all the crops and land. TXTM is entitled to a cut of crop sales $$$ based on how prevalent the extraction process is used. Which is currently nothing based on TXTM assets only being worth $15 million dollars currently. Just donated seeds. Sitting in storage.
If the upcoming Q2 Report does not show any progress on an actual Sales/Asset basis, it will be time to stick a fork in TXTM, its done.
Still have not sold anything yet. Just seeds for CBD strain.
These chickens have not yet hatched. Tell me, what will they actually use them for? The next crop rotation? Have they sold the last one yet?
You need to realize the difference between anticipated and realized profits. The book value states 15 million dollars, not what might be realized in the future if indeed they do not turn up missing.
The eggs will be layed. Everyone's impatience is unwarranted; not much time has actually passed.
Hope springs eternal. In the meantime, don't count the money on the seeds until they are sold, harvested, or whatever they are going to do with them. Until then they will gather dust. I say they just sit there so everyone feels there are assets on the books.
There is only 15M on the books, and as of this time no information regarding crop harvests, clients, or sales of any kind. No mention of the 10X enhancement technology actually being used.
Smoke and mirrors; wake up baggies. But lets give them the benefit of the doubt and wait for REAL developments as per the upcoming Q2 report. Not imaginary ones. If nothing more in 2 weeks except more info on the seeds, its time to reconsider your support for Cowboy Jim.
Good post. No one uplists from OTC while a CE in enforced. It would send a poor message by the exchange regarding the standards NASDAQ is willing to maintain.
TXTM will need to resolve the CE first, obviously. Then it will need to meet the other NASDAQ guidelines which it currently does not.
The OTCM slapped the CE on us when Dylon repeatedly told the shareholders that management had purchased "2-3 major assets" which were to be transferred to TXTM. Remember that "don't you want to know" nonsense? There is no strange convoluted conspiracy going on here with MM's, etc. We were simply lied to, or at the very best Dylon jumped the gun on his announcements and the deals fall thru.
You are right; TXTM is not a scam. Its just a poorly run organization with little professional background in running a corporation on an exchange. Will we get the CE lifted? Sure, but only after an entire year of lost time and opportunity as we watch other investments go by unable to put that money to use.
When you have lost 96% of your original investment (from the high last summer), all you can do is hold and wait for the CE to hopefully be lifted.
Just observe the overall attitudes of the posters spread out over social media/message boards. Many people are dismayed over the loss of their money over the last 9 months, and the next-to-incomplete lack of actual useful financial information.
What has the company been doing, other than posing for photo opportunities? Any sales, actual clients- who is buying our harvests at what prices. Is our 15 X enhancement technology actually being used, etc, etc- it goes on and on.
"Move along folks, nothing to see here".
TXTM has been a company of false expectations not realized.
"Don't You want To Know".
No one in their right mind can sell as things currently stand. We have lost too much equity (96%). When the CE eventually comes off (and it should), look for a lot of investors to walk away from this mis-managed company. The all-or-nothing crowd will stick around; still better than a lotto ticket.
After 9 months, lets hope you are right. Most people are simply looking for a good exit point after all this nonsense.
The point is No One has any proof of the value of RSAMMD, because they have Intentional kept their records out of the public domain.
There is usually a good reason to hide things you do not want your potential investors to know about.
You are counting your chickens before they are hatched. That is a no-no. The seed value on the books is only $15M. Nothing has been sold, no profit taken in.
Most of RSAMMD so-called assets are un-verifiable; that is their deception. Once again, open up the books so everyone does not have to keep guessing, and so we do not end up with snake oil salesman touting the unseen billions of dollars they supposedly have.
Stop extrapolating the $15M seed donation into untold hundreds of millions of dollars. I have yet to see ANY orders of the 15X technology enhanced CBD we have been led to believe. Show me the sales, or keep quiet.
Land and seed rich, but cash poor at this time. The company has POTENTIAL, but has not delivered as of yet.