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They initially borrowed $945,000, with an $85,000 discount, and $10,000 for the lender’s legal fees. Susbsequent tranches will be for $250,000 each ($225k to the company) and they don’t have to let shareholders know when that happens.
That is quite a coincidence. At first I didn’t think Brian existed at all, based on the OPMZ filings it seems like Wade and Billington were the true owners of Novus the whole time and Brian was a straw man. I remember an email from another poster that said the Envirocann people were friends with TJ, but no mention that they were the largest investor at one time. Months later we find out the Envirocann certification was useless and a huge waste of money and Brian’s name has never showed up on another filing.
I’m not sure if you’re implying that Envirocann awarded SIGO their highest certification when they didn’t deserve it, (I’m not sure if that’s true or not) but it was a nice way to pay Brian. When SC Labs tested their weed in September, it did have high levels of mold and coliforms so they’re not doing SIGO any favors. I’m more interested in the creation of Novus in 2016, and how it became part of OPMZ, it would appear Novus lied to the SEC in SIGO’s S-1 about their ownership and assets, Alan’s sticky explains it for those that don’t know, I’m pretty sure you’ve read it.
Between November 2016 and January 2017 it appears so. I’m not sure when those shares were sold to the public exactly. The actual testing of SIGO’s product wasn’t till September 2017 I believe.
I noticed you had Brian Weigel on that list. I remember reading the S-1 in August and trying to figure who this guy is. Info was difficult to find because the name is somewhat common. For those that don’t remember, SIGO's S-1 from 11/16/2016 says that Brian Weigel has sole voting and dispositive power for Novus. He paid $.0025 per share for 4,000,000 shares of SIGO. My math shows this as just $10,000, not the $15k claimed below:
“The above-referenced shares were obtained as part of the reverse merger between the Company and Battle Mountain Genetics. The Novus Group invested $15,000 into Battle Mountain Genetics for 4,000 shares which were exchanged for 4,000,000 shares of the Company as part of the reverse merger.”
So I googled Brian’s name again and found someone that works at SC Labs. They’re probably the largest tester, so the fact SIGO uses them may not matter. But, Wade would take control of Novus Group shortly after the r/m. OPMZ bought out Novus group, dba NG Advisors, from Wade February 23 2017. Check out that monthly dividend of $130,000 for the Series F shareholders (100% of Series F is owned by Wade Billington Partners) For the 3 months ended May 31,2017 they were paid $394,863.
"As part of finalizing the acquisition; however, the members will no longer will be receiving the profits from NG Advisors or the related consulting operations. Instead, going forward the holders of the Series F Preferred Stock shall be entitled to monthly distributions of $130,000 per month from the profits from the consulting operations. If there are no monthly operational profits from NG Advisors or the consulting business than no distribution shall be made to the Series F shareholders. No officer or director receives a salary from the Company; however, the Company may create bonuses based on performance for its officers and/or directors."
Brian’s LinkedIn https://www.linkedin.com/in/brian-weigel-535b2455/
https://www.sec.gov/Archives/edgar/data/859747/000147793217002839/opmz_10k.htm
Can you upload a picture of the email, with personal details blocked of course.
Click on this link, to upload the pic, and then copy the link on the left side of that page and paste it in a new post. It’s simpler than it sounds :)
https://investorshub.advfn.com/boards/mypix.aspx?pagesize=10
Thank you Darcy
“I can’t wait for descheduling/rescheduling, decriminalization (buyers not sellers), medical legalization (cannabis & hemp) and recreational legalization..”
Wait for what? They own a farm in Colorado where..... ALL of those things are legal and have been for a few years now.
The same place thousands of businesses make money.
Of course, it’s in their own filings. Its over now though.
You couldn’t be more wrong. Federal laws haven’t stopped any other companies in the sector from raising money, going public or even being traded on an exchange. This stock like many others chose to take convertible debt financing and it destroyed the company. Institutional investors don’t invest in $.0001 companies with 10 billion shares outstanding. Investors aren’t sitting on the sidelines either, there are millions of dollars being invested, just because it’s not happening here, doesn’t mean it’s not happening.
Like I said: “That’s a good question, why do you keep posting made up accusations? All the other public companies growing weed have no problems, but for some reason this is the ONLY company that has this made up bullshit problem and they don’t even grow weed. Nonsense.“
Why keep posting made up accusations?
My point is that federal law is not the reason for Notis’ problems.
This made up excuse is not the reason for Notis’ problems:
“Legalized pot would automatically deschedule CBD as a Schedule 1 drug... which is EXACTLY why SHI Farms and Notis are growing hemp. So yeah, legalization of pot would be HUGE news for CBD farmers and companies.”
Many other public and private companies are legally growing hemp and pot, and none of the public companies have had an issue with the feds.
It’s in the ibox, both accounts too. They stopped posting anything relevant on the battle mountain account, mostly sunrises.
Pretending that matters is false and misleading. No other company has had an issue with the federal government. Not one! They’ve owned the farm for nearly 3 years and not one problem. Shi Farms hasn’t had any trouble selling their product either. Saying the federal government will have any impact in a state that sells billions of dollars of marijuana, is just bullshit nonsense.
It’s in the original post, here it is again since you missed it.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=139890922
Looks like it.
Read the filings and the exhibits, it’s the lenders choice.
The six months is from the SEC Rule 144. It’s the most common way for OTC companies to raise cash, including SIGO. The other is using a 3(a)10 exemption, that’s less common. Anyway, rule 144 limits shares for 6 months for SEC registered companies, and 12 months for non registered.
The defaults caused by late filings and the low stock price etc. are a separate issue that allows Fife to convert a lot more shares than he would have had the filings been on time. By late August he should be able to sell whatever he’s converted, without going over the 9.9% ownership limit of course.
Fife may have been able to convert shares, but I don’t believe he would be able to sell them this quickly. He’ll need to wait 6 months before he can sell his shares. There was relentless selling from one mm when that drop occurred, CDEL I believe. Low floaters move up quickly, but the reverse is just as easy when there’s not a lot of buyers. Throw in the terrible financing, no 10k or 10q, and potential shareholders will go somewhere safer. The company has no one to blame but themselves for not filing on time.
Not real sure what it means, odd though.
Again with the 3 year old filing? This company was a huge scam when that was filed. Now they have no business and no known employees, besides the board. Since they’re 15+ months delinquent in their SEC filings no one really knows.
They’re none of those things now. A lot has changed in the 3+ years since that filing came out. At one time they tried to do those things, but they sold it all off. Now they own a farm with a massive payment in August that they cant afford to pay, and they’re 15 months behind their SEC filings.
You could probably get an immediate answer to that if you contacted them.
They refuse to answer that question. I've emailed them no response. They're really quick to respond if you ask an easy question though.
Siegel is, or has been on the boards of several garbage OTC tickers, including this scam.
How does copy/pasting from the sec website answer any questions? The first one just proves that Notis is late in filing, we know when they're supposed to file.
The 2nd answer is ridiculous, there are over 400 public companies listed on ihub that Sessions has ignored, yet somehow this so called problem only affects Notis. Shi Farms has had no issues with the Feds either, sounds like a made up problem. And the copy/pasting of the reasons for filing an 8K doesn't answer any questions, not that Notis cares anyway, they don't file 8K's for bad news.
The last one is nonsense:
"In the past there has been some stigma associated with “going dark.” As the current recession has deepened, this negative perception may have less force as companies face the very high costs of remaining a public company in a very difficult business environment.”
Hmmmm.... I wonder if that last paragraph sounds like Notis Global? [/I]
Have any Form 15's been filed?????????? Hmmmm......Nope. Notis hasn't gone dark, they just choose not to file. When a company goes "dark" they must file a Form 15 with the SEC to terminate their registration and reporting obligations, that hasn't happened
Even if the stock goes up who cares? It went from $.0001 to $.0025 and right back down again, and 4 years later that's a 97% loss.
Ummmmm... come on dude really? They were named Notis while they owned all of those businesses, read the filings.
Here's the pr from 2016:
"In posting Wednesday, Medbox formally announced that as of Jan. 28, it changed its legal name to Notis Global Inc.
Notis Global, located in Downtown Los Angeles, established itself as a leader in the rapidly emerging cannabis sector with vending machines that dispense marijuana doses. Under the new banner, it will continue providing specialized services to operators of pot dispensaries, cultivation centers, manufacturers and research facilities in those states where approved."
"Just because you made a few hundred or thousands doesn’t mean you know how to trade. I don’t know what your largest position was with NGBL, but mine is 55MM at a cost basis of a little over $0.0003 and I’ve owned it for FOUR years (through all of NGBL’s ventures)... and I’ve never sold. I’m not in this for a few bucks, I’m in this for six figure returns. [/I]
LOL, are you bragging about averaging down for the last 4 years? Thats hilarious. Lets see, if you had bought even a simple index fund that tracks the S&P 500, you would be up 300%, thats with zero effort.
How exactly can I "put my money where my mouth is?" Should I torch a pile of cash to be even with you? It's not the size of the position, it's how much money you make. I made more trading this pos, than you have invested right now. Should I add up all of my returns from the last 4 years also, while you were averaging down, I was making money during that time.
here's the number really easy to find 561.998.3705
Looks like the regulations regarding sharing of space came out just last week, they are enforceable now, but who knows how quickly the state will issue the S on the license. After reading it, it does pose a question, can a non-licensee share space with a licensee? REI is not licensed for whatever reason, but they will be making money from the sale of marijuana products, will the state be ok with this? Remains to be seen.
"(3) Extractions with butter or food-grade oils, provided that the resulting extract or concentrate shall be used solely in the manufacture of the Type S licensee’s infused product, and shall not be sold to any other licensee"[/I]
I thought that sentence was strange, why is there no mention of CO2 extraction, which is what SIGO uses? Almost seems like an oversight.
It's funny you say I know nothing about OTC companies, yet this post is so full of inaccuracies. In the last 4 years the stock is down 99%.
1."Their filing is up to date for a company that is working behind the scenes and WANTS to walk a fine line of how to work the system legally, so that they can keep certain aspects of the business under wraps from the feds while they INTERNALLY build their brand without the watchful eye of said feds."
2."you don’t think it’s a coincidence that we stopped hearing from them right before the election and Sessions became AG?"
3.The next question of course is why? Because hemp and especially CBD is NOT federally legal. If a company is 100% hemp/CBD based they run many federal and legal consciousness, for themselves and us, the shareholders.
1. This is a PUBLIC company, not private. NGBL has made a choice to file with the SEC and they are required by law to do so ever since they went public, there is no fine line. Notis is delinquent in their filings, PERIOD.
What could they possibly be hiding from the FEDS? I can hardly type, that claim is so ridiculous, do you really think by not filing, the Feds don't know where or what this company does? Their tenant grows hemp right out in the open, the Feds could literally drive by and see it, guess what, they don't care.
2. There's no coincidence, the company stopped filing because they're broke, they filed a really late 10Q December 2017, 13 months after the election. Like I said, there's hemp being grown out in the open, if Sessions cared, he would do something, obviously he doesn't.
3. This is the stupidest nonsense of all, this company has in the last 4 years owned: multiple marijuana dispensaries, a marijuana edible maker, and for nearly two years owned a farm that has been growing hemp. So all of sudden that matters to the company, NO, not a chance. There are many public companies violating Federal laws, they have no issues. There are 2 on the Nasdaq even, and of course no issues. That excuse is made up bullshit.
A huge $3 million+ balloon note is due in August, if Notis doesn't pay it, they lose the farm. Liens that are currently on the property will make it very difficult to raise $3 million without more dilution, a reverse split, or both.
What? They tested it last week and they harvested it two weeks ago. This isn’t from 2017.
Ok, explain why you posted a two year old pr then? Explain why a two year old 10Q matters, when they haven’t filed anything else in the last year and a half?
"Why does this test have a watermark on it that says R&D ONLY? [/I]
Great question, from the SCLabs site:
"What is the difference between R&D and Compliance testing?
Our regulatory compliant test panels are intended to meet the testing requirements for cannabis or cannabis products as required by the BCC (California) or the OLCC (Oregon) and include a laboratory performed sampling of a cannabis batch to ensure a representative sample is obtained. Next, the laboratory staff member seals the batch and transports the sample back to the lab where several required tests are performed; the exact number of which is determined by the type of sample being tested. Next, the results are reported as required by regulation to the appropriate state through METRC track and trace software. These test results will be legally binding and if any test returns a result that is outside the accepted limits, the batch will need to be either remediated or destroyed.
R&D tests are intended for use by manufacturers and cultivators to improve their processes and products. We offer the same tests that are performed in the regulatory compliant panel but in an a la carte version and lab staff do not perform the sampling. Since these tests are used for in-process purposes, the results are not reported to the State, and no disqualification of product is necessary.
Regulatory Compliant and R&D testing rules vary by state so please speak with your customer service representative for more information."
Clearly the state compliant testing will be more comprehensive, hopefully they use the state compliant test in the future.
If you’re going to post two year old pr’s and pretend they’re new, or that filing a two year old 10Q somehow makes them current, expect for someone to point out the inaccuracies.
I actually called myself. He’s denying that he told you anything, he said he isn’t allowed to discuss company information.
Do you even read your own links before you post? If you click on their most recent filing from 12/21/2017, you will notice it was from the quarterly period ending 9/30/2016, or nearly 15 months late. So they have filed one quarterly, out of the last 5 quarters going on 6. When you are delinquent in your filings by 15 months, it's safe to say they have stopped filing.
Their manufacturing facility seems quite popular.
https://www.slideshare.net/ClaudineZgheib/mcfcompany-profile-66756380
That’s exactly what’s happened in the two years since they released that bs pr, and you say the objective hasn’t changed, we should expect more of the same. Apparently their objective was to also try and steal from their tenant, resulting in a lawsuit and court ordered destruction of their crop. They’ve also decided to stop filing with the SEC, so shareholders have the added bonus of a potential suspension. Those are facts.
“U ask the co, the phone number is there and so are they,
I have all i need from the co already”
I hear SIGO responds quick.
That would make it tough without the equipment :p I wonder if that’s the same equipment they said they were buying over a year ago?
Their cost for the equipment is ridiculous, Beerisgood showed me some that are in the $30-40,000 range and they could process far more than SIGO grows.
Lol, like I said, your post is incorrect. That 8K says SIGO gets 20% or 25% of the sales. REI isn’t licensed to sell anything, SIGO is.
Still no link showing REI bought the harvest from SIGO, or that they’ll “probably” buy the 2nd.
SIGO doesn’t “get” 100% of the top line, they sell it and REI gets 75% or 80%, SIGO gets 25% or 20%.
And this is also incorrect, unless you can show me a link saying otherwise:
“REI bought the first harvest and will get some or possibly all of the second.”