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mass dilution going on here. This is why they have stopped filing. big red stop sign. IMO
http://www.otcmarkets.com/stock/SAFC/filings
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9453715
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.
On January 18, 2013, the Company issued 1,500,000 shares of its unregistered common stock as payment for services. The shares were valued at $22,590 or $0.015 per share based on the current market price of the shares discounted for restricted trading.
On January 22, 2013, the Company issued 10,000,000 shares of its unregistered common stock as payment for services. The shares were valued at $135,000 or $0.0135 per share based on the current market price of the shares discounted for restricted trading.
On March 8, 2013, the Company issued 20,000,000 shares of its unregistered common stock as payment for services to a director of the Company. The shares were valued at $193,200 or $0.0097 per share based on the current market price of the shares discounted for restricted trading.
On April 11, 2013, the Company issued 20,000,000 shares of its unregistered common stock as payment for services to a director of the Company. The shares were valued at $152,400 or $0.0076 per share based on the current market price of the shares discounted for restricted trading.
How many more shares are they selling to fund opperations. How long until the bills are due again?
back to trip 0s next week. Isn't this fun http://www.otcmarkets.com/stock/SAFC/profile
Stop
BIG RED STOP SIGN
[color=red][/color]No Information
Indicates companies do not provide disclosure. Publicly traded companies that do not provide information to investors should be carefully researched before making any investment decision.
http://www.otcmarkets.com/stock/SAFC/profile
Ugly looking chart here. Death spiral to .0001 before a RS looming here. Wouldn't touch this one with a 10 foot pole IMO.
Yes a dead man has come back to scam us in another company. Have a good easter.
Yeah, I just find it pathetic personally. Posting comments about someone who committed suicide that happens to have the same name of james. Wouldn't that be boarder line slander?
Way to shut that down in its tracks. Good job. Still calm here maybe next week.
i prey you are right. However, the company seems to be determined to keep everything in the back room. In the end we seem to get screwed.
maybe instead of getting links taken down they could come up with something to PR about.
Then why so secret about it?
just this year per their filings.
http://www.sec.gov/Archives/edgar/data/1435936/000143593614000059/f10q20140228.htm
The Company issue 45,050,000 shares on January 6, 2014 for $4,505 pursuant to the conversion of a Convertible Promissory Note dated October 19, 2012. The issuance of the common stock was exempt from registration under Section 3(a)(9) of the Securities Act.
The Company issue 77,780,000 shares on January 6, 2014 for $7,778 for interest pursuant to the conversion of a Convertible Promissory Note dated October 19, 2012. The issuance of the common stock was exempt from registration under Section 3(a)(9) of the Securities Act.
18
The Company issued 56,000,000 shares on January 15, 2014 for $2,800 pursuant to the conversion of a Convertible Promissory Note dated June 5, 2013. The issuance of the common stock was exempt from registration under Section 3(a)(9) of the Securities Act.
The Company issued 34,333,333 shares on January 22, 2014 for $2,060 pursuant to the conversion of a Convertible Promissory Note dated May 2, 2013. The issuance of the common stock was exempt from registration under Section 3(a)(9) of the Securities Act.
The Company issued 72,000,000 shares on January 27, 2014 for $3,780 pursuant to the conversion of a Convertible Promissory Note dated July 2, 2013. The issuance of the common stock was exempt from registration under Section 3(a)(9) of the Securities Act.
The Company issued 72,000,000 shares on February 5, 2014 for $4,320 pursuant to the conversion of a Convertible Promissory Note dated May 2, 2013. The issuance of the common stock was exempt from registration under Section 3(a)(9) of the Securities Act.
The Company issued 77,000,000 shares on February 5, 2014 for $3,850 pursuant to the conversion of a Convertible Promissory Note dated June 5, 2013. The issuance of the common stock was exempt from registration under Section 3(a)(9) of the Securities Act.
The Company issued 77,400,000 shares on February 10, 2014 for $4,063 pursuant to the conversion of a Convertible Promissory Note dated July 2, 2013. The issuance of the common stock was exempt from registration under Section 3(a)(9) of the Securities Act.
The Company issued 66,000,000 shares on February 11, 2014 for $3,960 pursuant to the conversion of a Convertible Promissory Note dated May 2, 2013. The issuance of the common stock was exempt from registration under Section 3(a)(9) of the Securities Act.
The Company issue 90,000,000 shares on February 12, 2014 for $4,500 for interest pursuant to the conversion of a Convertible Promissory Note dated October 19, 2012. The issuance of the common stock was exempt from registration under Section 3(a)(9) of the Securities Act.
The Company issued 72,000,000 shares on February 14, 2014 for $4,320 pursuant to the conversion of a Convertible Promissory Note dated May 2, 2013. The issuance of the common stock was exempt from registration under Section 3(a)(9) of the Securities Act.
The Company issued 96,000,000 shares on February 14, 2014 for $4,800 pursuant to the conversion of a Convertible Promissory Note dated June 5, 2013. The issuance of the common stock was exempt from registration under Section 3(a)(9) of the Securities Act.
The Company issued 84,865,100 shares on February 14, 2014 for $8,487 pursuant to the conversion of a Convertible Promissory Note dated August 1, 2013. The issuance of the common stock was exempt from registration under Section 3(a)(9) of the Securities Act.
The Company issued 72,000,000 shares on February 21, 2014 for $5,040 pursuant to the conversion of a Convertible Promissory Note dated May 2, 2013. The issuance of the common stock was exempt from registration under Section 3(a)(9) of the Securities Act.
The Company issued 18,333,333 shares on February 24, 2014 for $1,100 pursuant to the conversion of a Convertible Promissory Note dated May 2, 2013. The issuance of the common stock was exempt from registration under Section 3(a)(9) of the Securities Act.
The Company issued 21,666,667 shares on February 24, 2014 for $1,300 for interest pursuant to the conversion of a Convertible Promissory Note dated May 2, 2013. The issuance of the common stock was exempt from registration under Section 3(a)(9) of the Securities Act.
The Company issued 51,238,095 shares on February 26, 2014 for $2,960 pursuant to the conversion of a Convertible Promissory Note dated July 2, 2013. The issuance of the common stock was exempt from registration under Section 3(a)(9) of the Securities Act.
The Company issued 65,134,900 shares on February 26, 2014 for $6,513 pursuant to the conversion of a Convertible Promissory Note dated August 1, 2013. The issuance of the common stock was exempt from registration under Section 3(a)(9) of the Securities Act.
The Company issued 12,976,700 shares on February 26, 2014 for $1,298 for interest pursuant to the conversion of a Convertible Promissory Note dated August 1, 2013. The issuance of the common stock was exempt from registration under Section 3(a)(9) of the Securities Act.
Its not and this stock is not worth even .0001 at this point
Spamming isnt?
I am saying you yourself has brought no DD to this board other then 90% of the post. Which give you 0 credibility so far. You find something new that has not been brought to this board maybe you get some.
how many more till they get all 5 billion and R/S this?
I'm sorry you have brought DD to the board? I must have missed some of your vital DD in all the empty statements made.
Yeah, let him waste his time most post here in a long time.
Seems that news is coming sooner then later. Why else would this who up here.
lol Doc i love your pict. That should be the poster child for legalization. GA joins the ranks of having some sort of Medical MJ not much but its a start here. Good times ahead GO MJNA!
http://www.examiner.com/article/medical-marijuana-inc-the-cannavest-investment Interesting to think about isn't it. The valuation based on that math is way north of where we sit now. Could be a great year ahead here. IMHO
On December 15, 2012, the Company entered into an Agreement for Purchase and Sale of Assets (the “PhytoSPHERE Agreement”) with PhytoSPHERE Systems, LLC (“PhytoSPHERE”) whereby upon the closing of the transaction the Company acquired certain assets of PhytoSPHERE in exchange for an aggregate payment of $35,000,000 to be paid in five installments of either cash or shares of the Company’s common stock, as determined in the Company’s sole discretion. The closing occurred on January 29, 2013, at which time the Company took delivery of the acquired assets and made its first installment payment in the amount of $4,500,000 by issuing 900,000 shares of common stock with a quoted market price on that date of $5.00. On April 4, 2013, the Company made its second installment payment in the amount of $6,000,000 by issuing 1,000,000 shares of common stock at a per share price of $6.00, determined by the maximum price set forth in the PhytoSPHERE Agreement. During the fiscal quarter ended June 30, 2013, the Company paid $750,000 in cash and on July 23, 2013, issued 1,208,334 shares at a per share price of $6.00, determined by the maximum price set forth in the PhytoSPHERE Agreement, completing its third installment in the aggregate amount of $8,000,004. During the fiscal quarter ended September 30, 2013 the Company paid $200,000 in cash and on September 20, 2013, issued 1,633,333 shares at a per share price of $6.00, determined by the maximum price set forth in the PhytoSPHERE Agreement, completing its fourth installment in the aggregate amount of $9,999,998. The final installment is due on or before December 31, 2013 in the amount of $6,499,998.
Read more: http://www.getfilings.com/sec-filings/131114/CannaVEST-Corp_10-Q/#ixzz2uxMMyMst
from this it seems MJNA owns a little over 40% of the outstanding CANV stock with one installment yet to be paid
AGREEMENT FOR PURCHASE AND SALE OF ASSETS
OF
PHYTOSPHERE SYSTEMS, LLC
This Agreement for Purchase and Sale of Assets of PhytoSPHERE Systems, LLC (this “Agreement”) is made on 15th day of December 2012, by and between Foreclosure Solutions, Inc., a Texas corporation, with its principal office located in 4660 La Jolla Village Drive, San Diego, CA 92122 ("Buyer"), and PhytoSPHERE Systems, LLC, a Delaware limited liability company, with its principal office located at 2665 Ariane Drive, Suite 207, San Diego, CA 92117, its affiliates and assigns ("Seller").
ARTICLE I.
PURCHASE AND SALE; LICENSE GRANT
1.01. Assets to be Purchased. Subject to the terms and conditions hereof, on the Effective Date, Seller agrees to sell, convey, transfer, assign and deliver to Buyer, and Buyer hereby agrees to purchase and accept from Seller, free and clear of all liens and encumbrances, all right, title and interest in and to the assets listed on Exhibit “A” hereto (the “Purchased Assets”)
1.02. No Assumption of Liabilities. Other than the liabilities expressly assumed by Buyer herein as set forth on Exhibit “B”, (the “Assumed Liabilities”), Buyer will not assume or have any responsibility whatsoever for any liability of Seller or its business. More specifically, without limitation, and notwithstanding anything in this Agreement to the contrary, Buyer shall not assume or be deemed to have assumed, and shall have no liability or obligation with respect to, any liabilities other than the liabilities expressly assumed by Buyer herein, including but not limited to accounts payable of Seller as of the Effective Date, indebtedness of Seller, liabilities related to products distributed or sold by Seller prior to the Effective Date, and taxes payable by Seller.
1.03. License Grant. In consideration of the payment of the Purchase Price, Seller hereby grants to Buyer an exclusive, perpetual, worldwide, royalty-free right and license, with right of sublicense, to use all of Seller’s right, title and interest in and to its trade names, corporate name, brand names, logos or other designations including “PhytoSPHERE”, “PhytoSPHERE Systems” and any derivative thereof for the purpose of developing and commercializing, buying, selling, marketing and promoting hemp-based products.
ARTICLE II.
PURCHASE PRICE
2.01. The total purchase price to be paid by Buyer to Seller for the Purchased Assets and the other rights hereunder (the “Purchase Price”) shall be Thirty-Five Million ($35,000,000) payable in cash and/or stock at Buyer’s discretion as identified in Section 3.02.
Page 1 of 9
ARTICLE III.
PAYMENT OF PURCHASE PRICE
3.01. Installment Payments. The Purchase Price shall be paid by Buyer in cash and/or the issuance of common stock of Buyer, in Buyer’s sole discretion, as follows:
(a) $4,500,000 due on or before January 31, 2013;
(b) $6,000,000 due on or before March 30, 2013;
(c) $8,000,000 due on or before June 30, 2013;
(d) $10,000,000 due on or before September 30, 2013; and
(e) $6,500,000 due on or before December 31, 2013
3.02. Payment in Stock. If all or part of the Purchase Price is paid by the issuance of common stock of Buyer, the number of shares issuable shall be determined by reference to the closing price of Buyer’s common stock the day prior to issuance; provided, however, that in no event shall the price per share be greater than $6.00 per share or less than $4.50 per share.
ARTICLE IV.
CLOSING
4.01. Closing. The closing of the transactions contemplated by this Agreement (the “Closing”) shall take place on December 31, 2012, at Buyer’s principal address recited in the initial paragraph of this Agreement.
4.02 Deliveries of Seller. At the Closing, Seller shall:
(a) execute and deliver to Buyer this Agreement; and
(b) execute, acknowledge (if appropriate), and deliver to Buyer (i) assignments of all of the purchased agreements, (ii) such other instruments of sale, transfer, conveyance and assignment as Buyer may request, including a Bill of Sale.
4.03. Deliveries of Buyer. At the Closing, Buyer shall:
(a) execute and deliver to Buyer this Agreement; and
(b) pay or cause to be paid the initial payment of the Purchase Price by payment of cash to a bank account designated by Seller or by the issuance of shares of common stock of Buyer, the number of which determined based on the mechanism set forth in Section 3.02.
Read more: http://www.getfilings.com/sec-filings/130212/CannaVEST-Corp_8-K/canna_8k-ex1003.htm#ixzz2uxLbEQry
Amen on that. Let them keep selling into the bid its ok. they will run out eventually
yeah I have just been sitting back reading, watching, and waiting lately. Picking up shares when able. I too expect good things this year. The new Accountant seems to be a good one for GPSI. I hope we get to view his work soon.
i added a hand full of shares last week too.
http://www.ezpaycorporate.com/#!news
first artical
GENESEE COUNTY, Michigan -- The county is moving quickly toward putting
high-tech kiosks from Fenton to Mt. Morris and using them for everything from
collecting taxes to selling dog licenses -- potentially collecting bonus
convenience charge every time they're used.
The county Board of Commissioners and dozens of representatives of county
government departments met with representatives of EZ Card & Kiosk LLC
last week, and board Chairman Jamie Curtis said immediately after, "This is
going to happen."
We will take it "as far as we can go," Curtis said.
It's a ringing endorsement for a concept that's just getting off the ground, but
is getting fast support from commissioners who are eager to raise new
revenue and improve customer service with fewer employees.
The county laid off or eliminated the positions of 119 employees to balance
this year's general fund budget, and several departments have cut back on
the hours they are open for business since, increasing the waiting lines in
some offices.
Declining property tax revenue and the possible elimination of state shared
revenues have left county officials scrambling for any potential new sources of
cash.
Considering they made a profit according to the last unaudited fins in the first quarter, I believe you are wrong in your assumption they lost money. Seems they should be making money in the first three quarters off the transaction volume.
then we will sit at .0001 and watch millions of share get sold off or we watch xun disappear. either way im writing what money i put in this off.
no but where else are they going to get the money to finish the 30 wells. By the agreement they have to prove they can pay for it or they will lose it all.
yeah after they do an R/S im thinking itll be done sometime around the new year so they can say they have funding so they dont lose the contract they have.
bids at .0001 look out below well after the R/S that is iminant here. might as well kiss your investments here goodbye
only action is the ask droping. Seems someone wants out at any price. this keeps up we will be in the .00s in no time
i was just looking at some of the list of facilities securus services. that might be better then the PR here today.
thats a little more then just dealing with them. they have been bought out by securus. Might just open some doors for gpsi though.
we will prob never know hes prob trying to drive the pps down somehow to make it easier to flip.
well not a good PPS day but a good news day today. Everyone have a good friday and weekend. just remember Largest contract in company history until they sign the GA probation locations that is :)
those are pre R/S numbers since he left that out. Also those shares we cancelled since the buyer defaulted. sneaky bell
yeah that seems to be the most logical explaniation. Either way its growth and growth the road to profit and maybe oneday some Fins.
41st on the breakout boards. Starting to show some signs of life again around these parts. We got some volume today but going the wrong way. i wonder who the hodges are trying to pump the dump for.