Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
IF we hear from the company tomorrow and thats a big IF, we need to hear about the share structure, hemp farming in Vermont, the TRUTH about the Cafes, and the epiVape.
And it all needs to be able to be verified. I'm not holding my breath especially about being verified.
Its obvious given the share price that investors don't believe anything the company has said so far.
I'm hanging on though because of the sector and the fact that Ohio and other states are voting on legalization.
And coming on this board many times under different names..... pathetic is the only word I can come up with.
This guy is always looking for an angle to con people, its the only thing he knows how to do. I just can't believe any "celebrity" would sit down with him in an interview. Why would they expose themselves to him. I can't believe an agent would let their client sit down with him.
As for him walking away; he walked away from his investors a long time ago, if in fact he EVER tried to do anything for us other than figure out a way to take our money and not be accountable.
Ohio is voting on legalizing both recreational and medicinal use of MJ. These is some opposition but a lot of support too. Story I read said if Ohio passes it other mid-west states might follow.
The market could explode in the next year or two.
Is USMJ going to be part of it or is this just another penny stock, full of "news" but nothing ever happens? The market would seem to be big enough for a lot of new companies to do well in.
What is the share structure?
Is USMJ growing MJ in Vermont or not?
What is the latest on the Cafe's?
I think its interesting that while the share price goes down there is still lots of interest; both positive and negative on the board. Lots of eyes on USMJ.
I have my share of doubts but can't imagine selling any shares down here. This might turn into a bust but it might not.
Given the sector and what they "say" they have going....
Maybe the divi actually comes and its worth something, maybe the mj fields are strong, maybe the cafe's take off. I think the chance to win big might just be right here.
I hope I'm wrong but I can't see getting a like number of PURA shares at their current share price. If so there will probably be a big sell-off.
PURA is at .065 but no Ihub posts for over 2 weeks. No interest?? I wonder what the divi will be worth when those of us that qualify finally get it?
Will be interesting to see if people hang on to their shares and see what happens or will there be a big sell-off? With medical MJ being a hot topic it might be worth it to see what happens.
I'm hoping we are at 1B AS and I think you might be low for the OS, I bet its in the 300/400 M range and my fear is it could go higher.
This company needs to prove they can get these cafe's up and running and producing revenues. They need to prove they can harvest and sell the MJ they say they are farming.
So far they are talking a very good game, but so do many OTC companies. The proof will be in the revenues they generate.
Seeing his picture makes me sick.
You're so right. Numbers were 1B and 149M on June 30. Not sure about the 1B but it sure seems like the 149M can't be correct.
I was in well before that date and have held shares all this time.
Are we headed to 000s?
Divi not showing in my Etrade account.
On 2nd thought I should be running it. I will flat out guarantee I could take your money and make some revenue. If you all give me a few hundred dollars for a bigger lawnmower I will make more revenue in one month than Curly has in years.
Larry shouldn't be running it, Moe should be. Instead Curly is running it.
One more thing QUE; Samblis has earned every negative thing said about him.
Lets stick to facts: zero revenue, multiple reverse splits and a share price of .0001.
You misunderstood, I'm saying all his PRs over the past several years were for the purpose of enticing investors to buy shares in his company. The company has produced no revenue from these promotions.
It sits at .0001 with zero (0) investors having a positive impression of the CEO or anything he has done. Because everything he has done and PRed has produced zero (0) value for investors. By any measuring stick you want to use he has been a 100% failure as a CEO of a public company.
He may not have sold personal shares but the "company" must have. Otherwise why the need for multiple reverse splits?
Before the reverse splits I had accumulated a total of 9,000,000 shares. After the reverse splits I have 300 left.
Made up PRs to sell shares is all he has ever done. This has been a scam since the "Perchy" days, and probably long before that.
Any revenue that has been produced from anything that was PRed went somewhere else. Not a dime went to what we invested in. Don't know how he did but pretty sure he did.
Add that to coming on message boards under various aliases, nothing short of pathetic.
questions for you "Que:
1. He has reported 0 revenue for a long time. Is that true? All of the various ventures he has talked about and PRed have produced 0 revenue?
2. What do you think about the reverse splits and the fact that after all the RSs the share price is at 0001?
What people "give a shit about" is the fact that many have lost lots of money believing what this guy has said over the years. History has a way of repeating itself which he has proven to be true.
I always thought what he PRed and pumped to us produced revenues, he somehow figured out how to make that revenue go someplace else. Don't know how he did it though.
Also a history of reverse splits. Check where the share price is after multiple reverse splits.
Please argue with that, I want to see your logic.
You're right that was a long time ago. What is current is that this company does not report any revenue and hasn't.
Why would anyone invest in a company that a history of not producing revenue.
Just got this email:
-------------------------------------------------------
"Follow Up To Yesterday’s CEO Update:
USMJ is one step closer to issuing the PURA stock due USMJ shareholders from the spin-off of USMJ’s cannabis health and wellness business.
Yesterday, the first delinquent financial report necessary to bring Puration, Inc. back into compliance with the OTC Markets reporting requirements was filed. Steven Rash, the CEO of USMJ and Brian Shibley, the CEO of PURA both reported that they expect to have all the delinquent reports filed by the end of next week. The two CEO’s further reported their intent to issue a joint statement next week with more details regarding the overall dividend issuance process in place to get PURA shares to USMJ shareholders."
--------------------------------------------------------------
PURA shares show on IHUB to be .05. I wonder what they will be worth when the dividend finally goes through. My guess it won't be worth anywhere near .05
Just awful.
We need answers. Is this a real company building a business in what may turn out to be a red hot sector, or a typical penny company- hot air, half truths, empty PRs, reverse splits.....
Yes I started with ALGA.
All I know is what they "said" they were doing. So far there hasn't been any proof of any of it actually happening.
They need to clarify the CITI Blends/Americanna Cafe deal.
They need to clarify the PURA distribution.
They need to clarify the share structure.
They need to tell us how sales are going for their other products.
They need to tell us how the MJ farming is going.
I've lost over 90% and I won't put one more penny into this until I see some proof. IMO buying any more shares is a mistake. Unless you have timed it right and flipped this stock a few times you have lost money.
At this point what they have proved is that they are typical sub penny stock CEOs and this is a typical sub penny company. Full of news but short on results.
Being that I'm 90.71% down in this investment I don't think I agree with you.
That was very well worded. If there is no response (or a poor response) to some or all of the questions you raised then I'm afraid we are in a sinking ship.
I'm not sure I believe anything we have been told is actually happening. I hope I'm wrong.
My confidence level is following the share price. At this point I'm not believing much that was written in the PRs are really happening. They have said a lot of stuff, where's the proof?
Sorry, I can't believe I actually responded, I tried to cancel that post.
This is too funny. Well maybe funny isn't the right word, probably sad is a better word.
There is no company. How can a company exist with 0 revenues for several years?
Sounds like typical penny stock company BS. Say anything to sell shares. Outright lies and half truths.
Given that USMJ is a sub penny stock in a notorious place, the OTC known for lies and half truths does USMJ have MJ fields actually growing in Vermont?
Has anybody seen these MJ fields? Can it be verified? Have they harvested a crop? Did any outside companies buy the product?
I don't care what the company said in PRs or what they say anywhere else. Can it be proven that they have MJ fields and actually harvested a crop?
How much have they sold?
So who is buying the hemp? They could have a 1,000,000 acres and if it isn't selling its worth nothing.
Good thoughts. I hope they are listening to what their investors are saying and asking.
Seems like red flags every time you turn around. These guys have a credibility problem. If they want to be taken seriously they better get on the stick.
Maybe all this stuff is really happening, who really knows for sure.
The guys a genius, lies to get people to send him money, takes money, runs away. And it's all legal. What a country.
All of that sounds incredible, it would seem that the company is doing great, what a tremendous place to invest. The fact that I have lost 89% of my investment makes none of it seem true.
1. What is the share structure? Have they diluted down to this level?
2. What are the revenue figures for DuBe Hemp Energy Shot? epiVape? Hippi Butter? the MJ crop?
3. What is the status of the share distribution?
I'm trying real hard to believe but Mike and Steve are making it almost impossible. Why won't they inform us about these things? The only reason I can come up with is they have something to hide.
If this was going as well as they say its going they would be yelling from the rooftops.
I asked about Verges in a post awhile back and the response was he wasn't part of this. I hope not but if he is then this is a 99.99% scam.
I think we will find out if this a scam or not when (and if) there is a report issued with revenue figures that is submitted to the SEC. All this talk about the DuBe Energy Shot, the EpiVape for seizures, and other products they are involved with, and the MJ crop, should show revenue.
The fact that they won't comment about any of this and won't confirm the share count is a red flag to me. If there was nothing to hide why not just put the information out there?
The other thing that's funny to me is the talk about this possibly getting to .32 longer term. Wait a minute, they have promoted many acres growing MJ, building a Starbucks like empire, developing other products..... And this would maybe get to .32! They are trying to make it sound like a multiple $$ share price and .32 is the best I've seen predicted!
I hope I'm dead wrong but so far I don't have much confidence left. The way this is going we will be in trips in a few days.