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Lol you don’t even know what it says so you call it “fake news.” There’s a lot of evidence, check the sticky, it goes into detail about the balloon payment on the farm, the info is straight from the SEC filings. Go ahead and prove me wrong, I’ll wait....
Looks like Turetsky or one of his companies will end up with the farm. Someone had to pay the balloon note on the mortgage, and it definitely wasn’t NGBL, and I haven’t noticed any foreclosure notices on the farm. Southwest Farms, the seller of the farm, was due over $3 million back in August, and the title remains the same. But they could take over the subsidiary and the title would stay the same. Notis is obligated to release an 8k about things like this, but of course they’re silent.
Couldn’t find anything older and more out of date? You may want to read what happened to Whole Hemp before posting.
Apparently some can’t even understand what they’re posting, how many times does it need to say terminated?
The agreement has been terminated: “On May 31, 2017, we disclosed that we, and two of our subsidiaries, EWSD, and Pueblo Agriculture Supply and Equipment LLC, and Trava LLC, a Florida limited liability company that had lent various sums to us ("Trava"), had entered into a Management Services Agreement (the "MS Agreement") in respect the Pueblo Farm. After having earlier modified the MS Agreement through the provisions of the on-going monthly funding provided by Trava (the "Modification"; see discussion below), effective as of January 29, 2018, Trava and we entered into an agreement to terminate the relationship among us (the "Termination Agreement").”
You may want to check again, Turetsky is the name on there now. It was obvious after the farm agreement was cancelled, and we know Notis didn’t have $3+ million to pay for the balloon note on the farm.
No problem. I spent quite a bit of time on this one, it’s just too interesting, they had a legit chance to grow weed and make money, but with Wade involved I knew it wouldn’t be that easy.
I forget a lot too, all these scams start to blend together. I started taking notes and that has helped though.
I looked into JR and Lighthouse a while back, I found someone who is extremely experienced in cannabis and he appears to have been in business for many years under the state’s medical mj laws. He has several licenses, mostly in Santa Cruz, but I haven’t checked the state’s database in several months.
I found no connection to JWM
It’s my understanding that Lighthouse leased all of the greenhouses on the property, I found this out by digging through the Monterey County permits website, and a couple of phone calls to the planning department. There’s a large field behind the greenhouse, I don’t know who, if anyone is leasing it. Eventually outdoor grows will probably be legalized there.
I wouldn’t be surprised to see ongoing permit activity as growers have more money to invest and upgrade their properties, especially electrical. I haven’t looked closely lately so I’m not sure what they’re doing exactly. Last time I looked was earlier this year when there was the long delay getting the nursery room built. According to the county, the property owner pulled permits to upgrade their guard shack, problem was it was built without permits, so they had to get it inspected and permitted before they could upgrade it. They also told me something else that was strange, the property owner got the application for a cultivation permit from the county, but they never filled it out. This was about 7-8 months ago, well after legalization, hopefully by now they’ve gotten around to it.
What I never understood was, why did Lighthouse sub lease their greenhouse to Battle Mountain? Those particular greenhouses needed a lot of work, but they’re worth a lot more than the $7500 in rent being charged iirc. Considering VBF only has 5,000 square feet licensed, yet according to BoSox, the greenhouses are full, makes me think Lighthouse has taken over that space, but it could be another sub tenant. It’s tough maybe impossible, to tell what license goes with what address or greenhouse, might take a FOIA request to the state.
Lighthouse leases from the Onitsuka’s, and then Lighthouse subleased to Battle Mountain. When the lease was written the state laws were just about to change. Lighthouse was originally a non profit to comply with medical mj laws, after Jan 1 2018, they became for-profit. Whoever drew up the lease was smart enough to put that language in there so the lease didn’t have to be rewritten when the new laws took effect.
It’s Lighthouse Botanicals, the same people that are letting SIGO, err Battle Mountain, sublease their greenhouse.
Don’t you think it’s a odd that a startup would take restricted shares from FRFM for 25% of the company, and then take more restricted shares from SIGO, for 50% of the company, and not raise a single dollar in cash? Let’s ignore the fact that the world already has a ton of job boards, why would I choose them over Indeed, jobs.com, Monster, Craigslist, LinkedIn, etc.
Your info is incorrect and outdated. You even glossed over the part of the 8k that said “12 acres” is being grown, but even that agreement has been terminated.
If you think Turetsky is new, then you may want to read this, especially the part about Trava and Turetsky:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=136311615
Posting two year old incorrect news isn’t helping anyone. The balloon payment was over $3 million for the farm, it never got paid.
This is from Notis’ most recent 8k:
“As a result of the Termination Agreement, the contingent purchase option has been terminated in full and (i) Trava has no further financial obligations to us and no longer has any right to 49% of the monthly net cash generated by the Pueblo Farm operations and (ii) we no longer have any MS Agreement-mandated financial obligations to Trava other than to repay the loans made to us (see a discussion of the Modification, below) and, in lieu of any compensation or reimbursement that otherwise could have been tendered between us, we agreed that, on or before March 31, 2019, we will tender to Trava $250,000.00 (the “In Lieu Funds”). If it turns out that the operation of 12 acres of cultivation the Pueblo Farm in connection with the 2018 harvest season generates revenue in excess of an agreed-upon sum, then the In Lieu Funds due and payable to Trava will be increased by 49% of such excess.”
Stephen Turetsky is the one growing hemp and selling CBD’s, but Notis terminated their agreement with him earlier this year.
https://www.sec.gov/Archives/edgar/data/1547996/000161577418003818/s110218_8k.htm
When you buy shares of a public company, that money doesn’t actually go into the company’s bank account. With 10 billion shares outstanding, you could be buying shares from anyone, but definitely not the company.
No it doesn’t. Prove me wrong, post the deed for the 3 farms. I’ll wait.
That’s a different company, this is from Notis’ most recent 8k:
“As a result of the Termination Agreement, the contingent purchase option has been terminated in full and (i) Trava has no further financial obligations to us and no longer has any right to 49% of the monthly net cash generated by the Pueblo Farm operations and (ii) we no longer have any MS Agreement-mandated financial obligations to Trava other than to repay the loans made to us (see a discussion of the Modification, below) and, in lieu of any compensation or reimbursement that otherwise could have been tendered between us, we agreed that, on or before March 31, 2019, we will tender to Trava $250,000.00 (the “In Lieu Funds”). If it turns out that the operation of 12 acres of cultivation the Pueblo Farm in connection with the 2018 harvest season generates revenue in excess of an agreed-upon sum, then the In Lieu Funds due and payable to Trava will be increased by 49% of such excess.”
Stephen Turetsky is the one growing hemp and selling CBD’s, but Notis terminated their agreement with him earlier this year.
https://www.sec.gov/Archives/edgar/data/1547996/000161577418003818/s110218_8k.htm
A similar deal to today’s was struck between Freedom Leaf FRLF, and Cicero Transact earlier this year.
Freedom Leaf Pr from May 22 2018
https://globenewswire.com/news-release/2018/05/22/1509824/0/en/Freedom-Leaf-Inc-Takes-25-Equity-Interest-in-Cicero-Transact-Group-LLC-A-Business-Platform-Launching-in-July.html
Lol that was over three years ago....spoiler alert they already sold the whopping 100 shares they accidentally bought.
Here’s the link, scroll down and you can see the buy and the sell on the SEC website.
https://fintel.io/soh/us/ngbl/sonora-investment-management-llc
More bullshit nonsense. They haven’t filed any 8k’s for six months, not that they have anything to do with getting current. They’re still about 2 years behind on their filings.
You’re the one who brought it up, and now you can’t prove it. We both know it’s not true, that’s why you can’t find the link.
Sure, let’s see the link first.
Last time you said this: “but go to the SEC website and search NGBL,” Which wasn’t true.
And now it’s not on the SEC website, it’s on Google?
Maybe posting made up nonsense isn’t helping anyone. The fact is there are no institutional investors, they’re not that stupid.
Just more nonsense....that’s the most recent 8k, from 6 months ago.
https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001547996&type=&dateb=&owner=include&count=40
I’m disappointed in the lies actually.
LOL they’re not and institutional holder, they’re a toxic lender like the rest of them. Since when is 6 months ago recent?
So post them then. But since they don’t exist it’s pretty tough to do.
“when the toxic lenders of ngbl got all the assets of ngbl,what do you think they did with the assets”
I’m not sure you realize what you’re saying here. If the lenders own the assets, and you own NGBL, you don’t own the assets, the lenders do, they’re not a public company. There’s no way Notis could pay $3+ million to keep the farm, and Shi Farms farming agreement has been cancelled.
I doubt the stock will find another sucker like Goldafarb to plow $400,000 into common shares, when he could have loaned them the money and had at least a 100% gain on his investment.
That’s a lot to to dissect.
Why do they have that website, to make money?
“Trades going through at $.0001 are a short selling transaction.” Now I’ve heard a lot of crazy things on this site, but that’s the first time I’ve heard that. How, or why, would that be a short sale?
You can’t buy at $.0001? Really, eventually a trade is made up of a buyer and seller, put your order in at $.0001 and wait for six months, you might get filled.
“the buys of ngbl outnumber the sells of ngbl everyday meaning ngbl is being accumulated”
The last one was my favorite, very common mistake, the buy/sell on ihub’s “trades” page simply shows if a buyer bought at the ask, and if a seller sold at the bid, red for bid, green for ask, grey, they met in the middle, has nothing to do with accumulation. Outside of that one huge volume day, it’s been a zombie stock, with just a few hundred dollars traded.
Lol that nonsense website again. It pops up every few months by those that don’t know the difference between, short interest and short volume, which is meaningless.
Here’s the link to the short interest from FINRA. Spoiler alert: 0 shares short.
http://otce.finra.org/ESI
No source because it’s made up. They don’t own what you’re talking about, the farming agreement with Shi has been terminated- that we know for sure because they told us.
Of course I know what they did, they now own them, leaving a stock with no assets and huge liabilities. I thought that was pretty clear from this : “The assets were pledged to the toxic funders long ago.”
This nonsense is getting old, my DD comes straight from the filings, they couldn’t afford to pay for their domain name ($30) and they definitely didn’t come up with $3 million back in August to pay off the balloon note for the Pueblo farm. The same farm that no longer has Turetsky as a tenant because the farming agreement has been cancelled and he left the state for another venture that Notis has no part of. The assets were pledged to the toxic funders long ago.
They don’t own that farm, and they probably don’t own the Pueblo farm anymore since the balloon payment was due.
No one has mentioned the naked short position because it doesn’t exist, it’s completely made up nonsense. The company owns nothing, no more farm, not even their website name.
You haven’t missed a thing. Company is completely silent.
It’s practically guaranteed he gets paid, look at his track record. The judge will look at the signed contract that we’ve all seen most of, presumably it will have the missing exhibits that we haven’t seen and the judge will have no choice but to rule in Fife’s favor. A similar situation was MGTI, they settled in court last January I believe if you want to look at the 8k. In that case Fife got slightly less shares from the judge than what the contract called for, but not much. He turned a $4 million dollar loan into over $20 million, so don’t feel too bad for him :) Looks like Fife learned his lesson this time and inserted a special clause if he has to sue to get his shares from SIGO, it’s been a while since I looked but I believe it's a massive 80% discount. The unknowns are how many warrants Fife is entitled to, and what assets have been pledged as collateral, which could be significant.
There are no institutional shareholders here. The one filing that suggested it has been posted numerous times showing just 100 shares owned for about a week.
If they can’t afford $30, they couldn’t have afforded $3 million for the balloon note on the farm, which is either owned by one of the toxic lenders, or Southwest Farms, the original owner of the Pueblo farm.
Based on those high volume days recently, it looks like the price went down, suggesting selling at the bid.
A whopping 3 million shares traded on Friday and the bid has been the same for over a year .0001, that’s not accumulation. They couldn’t even pay their domain name renewal of $30, never a good sign.
There’s zero chance of a name change being approved by FINRA while they’re this delinquent with their filings. Based on the Whois info it looks like they didn’t pay the renewal fee and lost the domain. Not sure why they couldn’t pay the small fee to keep their domain name, but considering it had said “under construction” for the last two+ years, I’m guessing no one will even notice.
Most of the assets will probably be stripped from the company and taken over by the lenders. We still have no word on the over $3 million they needed to pay the balloon note on the farm.
http://whois.domaintools.com/notisglobal.com
Looks ok, it’s tough to say without knowing how much longer till it’s harvested. If it has another month I wouldn’t be worried, but if it’s a week out, definitely tiny.
This pic is more interesting to me: https://www.instagram.com/p/BpUMqjhHIeD/
Looks like the moms, which could be a nice boost to the yield, let’s hope they have more for backup though. It’s been so long since they’ve shown the pics from the security cams, and with only 5,000 sq feet of grow space makes me wonder if they’re just growing what they got. Something had to have happened to all that weed when they went from 15,000 to 5,000 sq feet.
You see buds, damn those are tiny, maybe they’re males :)