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I think Tom had something to do with this one. I would not be surprised if they know each other. Something is going on, with a resume like that, you wouldn't think he would be in the weed industry. There is something lucrative that he is after.
NEWS: PLEASANT HILL, Calif.--(BUSINESS WIRE)--Textmunication Holdings, Inc. (OTCQB: TXHD) (“the Company”), a cannabis holding company, announced its entry into the cannabis sector by acquiring Resonate Blends LLC (“Resonate”), a California-based cannabis wellness lifestyle product company built on a proprietary system of experiential targets. Resonate is building a brand-focused, seed-to-sale, vertically integrated cannabis organization offering trusted brands of consistent quality. The Company also acquired Entourage Labs LLC (“Entourage Labs”) from Resonate. Entourage Labs is the Intellectual Property (IP) subsidiary of Resonate.
Resonate is building a brand-focused, seed-to-sale, vertically integrated cannabis organization offering trusted brands of consistent quality
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Resonate and Entourage will be wholly owned subsidiaries of Textmunication Holdings, Inc. The Company will immediately file for a company name and ticker symbol change to reflect the holding company’s new focus. The Resonate leadership team will be announced in the coming days.
The Company believes the greatest long-term value creation in the Cannabis industry will be in the establishment of high quality, consistent consumer brands. As cultivation, supplies and services become quickly commoditized, value added brands represent the best opportunity for Textmunication and its shareholders to support and benefit from the massive growth expected in the Cannabis industry. In support of this philosophy, Resonate represents the best-in-class vision on how to create a family of brands designed specifically to support the industry as it continues to evolve from an underground business to a national consumer facing products business.
At the heart of the Resonate philosophy is the “Resonate System.” The System is designed to demystify cannabis and help consumers select effective products by connecting their lifestyle and health needs with the experience and delivery method that best fits their criteria.
Resonate will launch its first product in a series of infused products in early 2020. The initial launch will be in California with a statewide distribution system already assembled. Resonate will be executing a multi-state strategy with the goal of becoming a leading national brand once the California market is optimized. The Company plans to strategically acquire assets and existing businesses in the cannabis space allowing for a vertically integrated organization centered around the “wellness lifestyle,” and offer to consumers a family of trusted products that address the fast-growing cannabis market focused on the $4.2 trillion-dollar wellness market.
“We are extremely excited to join Textmunication as we plan the launch of our family of wellness lifestyle products," said Geoffrey Selzer, CEO of Resonate Blends. "We are committed to the art and science of Cannabis. We see an industry that is growing quickly with the need for professional brand development that begins at product concept all the way through development, production, marketing and sale. Cannabis is an extraordinary foundation for a series of products that range from medicinal to recreational with a breadth of benefits that no other product category can match. Combining the latest research, product development and cohesive communication strategies, we are creating a premium cannabis holding company with unique and innovative products, services and technology. Textmunication has delivered a solid public vehicle to accelerate our vertical integration plans designed to support margins, quality control and innovation. With the combined capabilities of the Resonate and Textmunication, we are focused on creating value through organic growth, partnerships and acquisitions.”
A seasoned entrepreneur, Mr. Selzer has run development, media and technology organizations throughout his career. He was Creative Head of Disney Interactive, worked for several years in Wall Street M&A and has been a senior executive in cannabis, education and gaming technology companies.
Wais Asefi, Chief Executive Officer of Textmunication, stated, “We believe that the greatest value creation in this new and burgeoning cannabis market will be the development of trusted brands with control of their supply chain ensuring consistent quality and healthy margins. The evolution of this expanding market, a market that is opening up to millions of new customers nationwide, will require our management team to focus on education, science and product development. To that end, we are excited to be joining forces with Resonate Blends and its talented team, while exploring additional cutting-edge cannabis companies to execute a singular Wellness Lifestyle strategy.”
In addition to closing on Resonate, Textmunication is accelerating its fundraising efforts through a Private Placement Memorandum (PPM) to eliminate debt incurred during the transition, fund potential new acquisitions and provide working capital to expand on its strategic initiatives. The Company has targeted several cannabis acquisitions to assist in vertical integration, supply chain efficiencies and delivery of cutting-edge products developed around the “Resonate System.”
About Textmunication Holdings, Inc.
Based in Silicon Valley, Textmunication Holdings Inc. is a cannabis holding company centered on a seed-to-sale, vertically integrated and valued-added wellness lifestyle brand. The holding company is assembling the highest quality cultivation, innovation, technology, product development, retail and supply chain resources to manage and optimize financial performance and assure quality control. Resonate Blends, a wholly owned subsidiary, is offering a luxury cannabis-based wellness lifestyle product family based on consistent quality, unique formulations and maximizing the user experience. Committed to ongoing innovation, Textmunication is building a portfolio of cannabis businesses and assets around cultivators, manufacturers, distributors, brands, bioscience and technology companie
It's like the IHub for crypto. A social media platform for investors and crypto companies use it for PR's and keeping their investors up to date. Usually a representative from each company is an admin on their feed that will answer questions. Kind of like if a IR rep from VSTR was posting messages in response to some of the posts. It is an app you would have on your phone. Just a warning...I know that some arguments can get pretty heated on this board. Remember...messenger has younger investors that are tech geeks. So, some of the arguments can be downright petulant and usually they will cry like babies until the admin blocks you. Sigh, the younger generation so weak I don't know how they are going to survive.
LOL...if that happens E-ore, I will sell my tokens and live happily ever after. With everything that is going on, I have more faith in the Utility Tokens that are tied to an actual product than just the imaginary crypto currency on a blockchain backed by...a company with a cool name and website.
News developing. E-ore, I know you have been following Rivetz. I still own some of their utility coin so I follow them on Telegram. The CEO Steven Sprague is pretty good about keeping everyone on the Telegram feed up to date. If you don't have the Telegram app, I would download it and follow them. This is the latest message the CEO posted:
"Progress is solid. We are purposefully being quiet right now on our social channels. We have a customer in negotiation for a significant licensing deal in the million dollar range. It is not concluded yet, but both parties are excited to make it happen. Their application can potentially be used by millions of users. We have conversations underway at different stages with 4 large carriers to leverage what we are building with Telefonica. When and if they mature to contracts, we will PR the contract. These are huge companies and take time. All of the projects will have the opportunity to take advantage of the micro-transaction capabilities we are pioneering on the device."
I am not sure how much ownership VSTR has in Rivetz, but what they are doing with 2FA on the TEE is unique and very necessary...for anyone else that stands for two factor authentication on the trusted execution environment. It will be interesting to see if they close something before the end of the year. If Rivetz pops, F the charts this one move and move quickly.
LOL!!! Way to go TT!!! You cleared that one up pretty easily. Amazing what a little Due Diligence can do to clear up the bad rumors. Nothing but good news now. Hoping Tom does the Money TV set for Friday.
It would be nice if they could get Tom to do the Money TV spot on Friday.
In order for them to up list to the OTCQB, they would have to have the filings. Go back, all the shares are accounted for.
TXHD...it is happening again
Law360 (April 4, 2018, 9:29 PM EDT) -- Executives of a California-based company that specializes in helping businesses reach out to customers via text messages sued an investor in Illinois federal court Wednesday, alleging he posted dozens defamatory and libelous comments about the executives in online forums.
Textmunication’s CEO Wais Asefi and Chief Operating Officer David Thielen alleged Illinois resident and investor Lester Einhaus libeled and defamed them on multiple online message boards centered around penny stock investing. Einhaus, who lent $25,000 to Textmunication in September 2015, allegedly began posting the defamatory comments in 2017 after he demanded that the loan obligation be satisfied and demanded an amount of shares of Textmunication “well in excess of what he was entitled to under the terms of the loan,” the complaint said.
“Beginning around 2017, Einhaus began posting numerous messages on various internet message boards under various user names relating to Textmunication,” the complaint said. “In addition to posting false, defamatory and misleading information about Textmunication, Einhaus posted false and defamatory messages and information about Asefi and Thielen. Einhaus also began to harass Asefi via telephone and made numerous threats against him.”
Asefi and Thielen said in their complaint that they sued to hold Einhaus liable for his “defamatory and otherwise tortious conduct” and to prevent him from continuing posting comments about them online and threatening them in the future.
Einhaus allegedly went by three separate usernames in an online forum where traders discussed penny stocks, and between those three accounts, Asefi and Thielen alleged Einhaus posted over 150 libelous and defaming messages about them. Asefi, whom Einhaus refers to mostly by his first name, receives the brunt of Einhaus’ criticism in the messages, along with his wife, Rezwana, whom he repeatedly calls a “gold digger.”
“Wais Asefi is a scam artist and everyone in the Martinez California area knows,” one comment included in the complaint reads. “His wife Rezwana spends the shareholders money as quick as she can get her hands on it. The truth will be uncovered.”
Einhaus’ aliases alleged that Rezwana spent shareholders’ money on getting her nails done, saying she “needs money constantly.” Einhaus also allegedly posted comments taunting the Asefi family, regularly naming the couple’s son Juleon.
“How are the bills paid and payroll met is the magic question,” Einhaus allegedly wrote in June. “Wais needs a lot of money to maintain his life style with wife Rezwana. He also has his oldest son Juleon Asefi on the payroll. Shareholders flipping the bill for family bank.”
On June 20, Einhaus allegedly posted two separate comments suggesting Asefi and Thielen had committed crimes with shareholder money.
“Wais Asefi and David Thielen will be behind bar's soon enough,” one comment said. “They pulled some serious stuff with some share selling on the side to line there [sic] pockets.”
Another comment said simply: “Wais and David your days are numbered. Tick tock tick tock.”
As the summer wore on, the comments eventually transitioned to all caps, and in one such comment in August, Einhaus allegedly accused Asefi of seducing his wife into adultery.
“WAIS LURED MY WIFE AND I INTO LIES,” the comment said. “HE TOOK OUR MONEY AND EVEN THEN HAD AN AFFAIR WITH MY WIFE. REAL SCUM BAG. BAD FOR SHARE HOLDERS AND MANY IN MARTINEZ CAN'T STAND HIM. DOES THAT HELP YOU. SHOWS THE INTEGRITY OF THE CEO.”
The complaint also alleged Einhaus threatened to kill Asefi in June. During a phone call, Einhaus allegedly told a Textmunication adviser, Shelly Singhal, “that he was going to drive to California to kill Asefi,” the complaint said. Einhaus allegedly stated he was not going to fly because “there are records," so he was going to drive, according to the complaint.
The seven-count complaint alleges Einhaus defamed both Asefi and Thielen, plus inflicted intentional emotional distress on them both.
“These false statements are defamatory under Illinois law because they impute that Asefi committed criminal offenses, impute an inability to perform his job for want of integrity in the discharge of duties of office and employment, impute a lack of ability in his profession and business, and falsely accuse Asefi of fornication and adultery,” the complaint said.
The complaint demanded the court enjoin Einhaus from continuing to post comments about Asefi and Thielen, alleging that as long as Einhaus’ messages remain online, the pair will continue to suffer “irreparable injuries.”
Representatives for the parties could not be reached for comment on Wednesday.
Thielen and Asefi are represented by Michael Crane, William Jones and Peter King of Canel King & Jones.
Counsel information for Einhaus could not be determined on Wednesday.
The case is Thielen et al. v. Einhaus, case number 1:18-cv-02421, in the U.S. District Court for the Northern District of Illinois.
--Editing by Breda Lund.
Read more at: https://www.law360.com/articles/1030017/company-sues-angry-investor-for-alleged-libel-defamation?copied=1
With the shares outstanding, you can calculate who owns them. When they got listed on the OTCQB, they had all of the major shareholders listed. They had to in order to get listed. We would know if they were still hanging onto shares they had from three years ago. Judging from the price action this morning, I think you are just upset that you are missing the boat.
This is from three years ago before the split. You are telling me they are still holding all their shares more than three years later? Brett is long gone.
https://www.streetinsider.com/SEC+Filings/Form+SC+13G+Textmunication+Holdings%2C+Filed+by%3A+ROSEN+CAPITAL%2C+LLC/12066294.html
No company is going to agree to be acquired in a private placement if the acquiring company has toxic debt outstanding. Nice try but no one believes someone has been holding shares from a 3 year old 8k
LOL, no kidding. No company is going to agree to be acquired by a private placement if there is toxic debt outstanding. That is a funny accusation.
From LAW 360...The industry standard for legal news.
Law360 (April 4, 2018, 9:29 PM EDT) -- Executives of a California-based company that specializes in helping businesses reach out to customers via text messages sued an investor in Illinois federal court Wednesday, alleging he posted dozens defamatory and libelous comments about the executives in online forums.
Textmunication’s CEO Wais Asefi and Chief Operating Officer David Thielen alleged Illinois resident and investor Lester Einhaus libeled and defamed them on multiple online message boards centered around penny stock investing. Einhaus, who lent $25,000 to Textmunication in September 2015, allegedly began posting the defamatory comments in 2017 after he demanded that the loan obligation be satisfied and demanded an amount of shares of Textmunication “well in excess of what he was entitled to under the terms of the loan,” the complaint said.
“Beginning around 2017, Einhaus began posting numerous messages on various internet message boards under various user names relating to Textmunication,” the complaint said. “In addition to posting false, defamatory and misleading information about Textmunication, Einhaus posted false and defamatory messages and information about Asefi and Thielen. Einhaus also began to harass Asefi via telephone and made numerous threats against him.”
Asefi and Thielen said in their complaint that they sued to hold Einhaus liable for his “defamatory and otherwise tortious conduct” and to prevent him from continuing posting comments about them online and threatening them in the future.
Einhaus allegedly went by three separate usernames in an online forum where traders discussed penny stocks, and between those three accounts, Asefi and Thielen alleged Einhaus posted over 150 libelous and defaming messages about them. Asefi, whom Einhaus refers to mostly by his first name, receives the brunt of Einhaus’ criticism in the messages, along with his wife, Rezwana, whom he repeatedly calls a “gold digger.”
“Wais Asefi is a scam artist and everyone in the Martinez California area knows,” one comment included in the complaint reads. “His wife Rezwana spends the shareholders money as quick as she can get her hands on it. The truth will be uncovered.”
Einhaus’ aliases alleged that Rezwana spent shareholders’ money on getting her nails done, saying she “needs money constantly.” Einhaus also allegedly posted comments taunting the Asefi family, regularly naming the couple’s son Juleon.
“How are the bills paid and payroll met is the magic question,” Einhaus allegedly wrote in June. “Wais needs a lot of money to maintain his life style with wife Rezwana. He also has his oldest son Juleon Asefi on the payroll. Shareholders flipping the bill for family bank.”
On June 20, Einhaus allegedly posted two separate comments suggesting Asefi and Thielen had committed crimes with shareholder money.
“Wais Asefi and David Thielen will be behind bar's soon enough,” one comment said. “They pulled some serious stuff with some share selling on the side to line there [sic] pockets.”
Another comment said simply: “Wais and David your days are numbered. Tick tock tick tock.”
As the summer wore on, the comments eventually transitioned to all caps, and in one such comment in August, Einhaus allegedly accused Asefi of seducing his wife into adultery.
“WAIS LURED MY WIFE AND I INTO LIES,” the comment said. “HE TOOK OUR MONEY AND EVEN THEN HAD AN AFFAIR WITH MY WIFE. REAL SCUM BAG. BAD FOR SHARE HOLDERS AND MANY IN MARTINEZ CAN'T STAND HIM. DOES THAT HELP YOU. SHOWS THE INTEGRITY OF THE CEO.”
The complaint also alleged Einhaus threatened to kill Asefi in June. During a phone call, Einhaus allegedly told a Textmunication adviser, Shelly Singhal, “that he was going to drive to California to kill Asefi,” the complaint said. Einhaus allegedly stated he was not going to fly because “there are records," so he was going to drive, according to the complaint.
The seven-count complaint alleges Einhaus defamed both Asefi and Thielen, plus inflicted intentional emotional distress on them both.
“These false statements are defamatory under Illinois law because they impute that Asefi committed criminal offenses, impute an inability to perform his job for want of integrity in the discharge of duties of office and employment, impute a lack of ability in his profession and business, and falsely accuse Asefi of fornication and adultery,” the complaint said.
The complaint demanded the court enjoin Einhaus from continuing to post comments about Asefi and Thielen, alleging that as long as Einhaus’ messages remain online, the pair will continue to suffer “irreparable injuries.”
Representatives for the parties could not be reached for comment on Wednesday.
Thielen and Asefi are represented by Michael Crane, William Jones and Peter King of Canel King & Jones.
Counsel information for Einhaus could not be determined on Wednesday.
The case is Thielen et al. v. Einhaus, case number 1:18-cv-02421, in the U.S. District Court for the Northern District of Illinois.
--Editing by Breda Lund.
Read more at: https://www.law360.com/articles/1030017/company-sues-angry-investor-for-alleged-libel-defamation?copied=1
I guess it is safe to assume all the shares from last years settlement has been sold? No more shares from that settlement are being held. Too bad, the share price slowly declined after that settlement and with the leak out provision those shares lost a lot of value.
Because the charts say so. We just hit a triple bottom. We break .005 and its down to .002
Remember when you sent this. Barchart had them at 100% buy. Now VSTR is down over 60% from your post. Barchart now has them at an 8% sell. I think you should use a different charting for VSTR.
https://www.barchart.com/stocks/quotes/VSTR/opinion
Definitely good news. I think the three C's realize there is nothing left to short now. The 400k of convertibles is not going to happen and they want to create a floor at this price with private placement. We may see a clean level 2 very soon.
So it sounds like the Private Placement is not going to be all at once. It looks like they have a goal for the share price and everyone involved moving forward is going to want the shares to appreciate versus something they can sell off for quick cash. I have a feeling that Tom has a lot to do with what is going on. I think that is why part of the private placement is for that 400k. No one involved wants to see the share price any lower than it is today.
That is the tightest TXHD has had in a while. I have a feeling we are going to see volume picking up again.
I don't use stockcharts.com
Now NTIE is up at .1301, I think we can say goodbye to the .12's
CDEL just posted 20,000 at .13
Well I saw Rolling Papers on twitter this morning in a series of tweets and knew someone paid him to pump it enough to get a major seller out. According to the charts, it should pop up tomorrow but still has some work to break the downtrend.
I didn't lie when I pulled out at .011 and said I would look to go back in at .005.
Charts don't lie.
It looks like it did go in the direction I predicted. When it gets to .002, I will be happy to take some off your hands.
I have made a change since that post. We are looking at another breach. Can possibly go to .003
There has been a change in the chart. The lower bollinger band has been breached again. I think this will pop a little tomorrow, but it is still on a downward trend. So, the entry point of .005 I gave you will probably be moved to .004 or could be as low as .003
I think they need more than what is on the ask.
The 3 C's do not have near the amount on the bid they had before.
WOW...off to a good start
No kidding. How many times did we see posts reminding us of the $400k that could turn into convertibles by the end of the year. How many times did you say we have plenty of time to take care of it. Well, now it is being taken care of. I guess when you have as much skin in the game as they do with the restricted shares, they do not want to see convertibles either.
Exactly...they ALREADY secured the funding for the first acquisition. It seems like there is a silent investor out there and that has a lot to do with all of this crazy high volume lately.
That is what seemed kind of vague. Was this supposed to be all at once, or over time. With the announcement they are about to make, I can't see them give away easy money as we all know how this can take off like a rocket ship. I guess we have to wait for the details. I am not as worried about the voting rights as I remember Wais retired 2 billion shares when they felt they no longer need them. I suppose they could do the same this time around.
So it sounds like they would have to issue 30 million shares for the private placement and then they would have to issue themselves more shares to maintain control of the company. Why would that do this when their stock price is at 2 times earnings versus doing a deal back when it was 10 times earnings. Or even wait for the stock to move. That way they could issue 3 million shares and be done. If they do what your suggesting, this is doing to be heavy dilution.
This is the Bearn website. Not sure how this partnership is supposed to work, but this looks legit and could develop into something pretty lucrative:
https://bearnit.com/meet-the-team.html
If they get that $100 million market cap their shooting for...I won't mind that increase at all.
The only question I have it the number of shares they will issue in the Private Placement. $3 million is a lot of money. I am sure they have an agreement in place that will discount the shares, but if they double the OS, that will be pretty tough to swallow.
Level 2 bids are moving up