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Company now defunct? Removed from market correct?
Raj appears to have moved on to Futricity solar with praise for work done with P2 Solar
http://futricitysolar.com/landing/who-are-we/
Finally a law firm is looking into VKML/UPOT/BLTO..
http://www.prnewswire.com/news-releases/lifshitz--miller-llp-announces-investigation-of-bingo-nation-inc-bofi-holding-inc-corbus-pharmaceuticals-holdings-inc-lion-biotechnologies-inc-newlink-genetics-corporation-power-solutions-international-inc-walter-i-300451067.html
This should have happened YEARS ago when this was VKML.. or any of the other pump and dump schemes. Would be nice to see a class action lawsuit or further action by the SEC.
VKML VKML we want gold mines woooooo bring it back!
hah.
What's the next adventure?
Robotics?
Space Flights?
Underwater eco-cities?
"However, at June 30, 2016, we owed Ramsay Capital Corp. (“Ramsay”) $469,370 which, at the option of the Ramsay, can be converted into common shares of the Company at a rate of $0.001 per share. This means that Ramsay could at any time convert this debt into 469,370,000 common shares of the company as reflected in the following table:"
Common Shares
Ramsay Capital Corp. 3
21 Regent Street
Belize City, BELIZE
469,370,000
89.9%
Bingo Nation Technologies Inc. 4
689 Kentons Run Avenue
Henderson, NV
50,000,000
9.6%
How will they liquidate $51,937,000 of stock?
How is this worth nearly 52 million $?
Good investment when $469,370 becomes $46,937,000
There is no way they can pump and dump this again after liquidating so many shareholders assets..
jmo..
Source of stock holdings
They probably hoped all the cries of scam would eventually die out.
Luckily the stock didn't dip from Brexit.......
Hopefully the lawsuit in Cali brings them down.
No trades in two days? This finally dead?
Last time they wiped out shareholders it quickly dropped to sub penny, why do they keep doing it? How long until we see sub penny?
I'm starting to doubt this will get to 100$ a share.. jmo
That was a quick race down to a dollar after the R/S.
I am wondering how quickly it will go from 4$ a share to sub penny again after the r/s.
jmo
Have we found gold yet? o.o
It all seemed to come crashing down when they paid their 'marketing guy' 48 million bucks or whatever insane number it was imo.
The discovery day mine was great, can't wait for their first load of gold :/
$$$ oo I heard dollar signs $$$
lol.
Crazy how far this is falling whithout news
Gotta hope there's something here this time..
Looks nice, much better than their prior versions of the website.
Indie Growers Association Subsidiary Announces Letter of Intent for 10 Year Lease Agreement
CARSON CITY, NEVADA--(Marketwired - Oct 1, 2014) - Indie Growers Association (OTCQB:UPOT) is pleased to announce that its wholly owned operating subsidiary, River Ridge Sunshine Farms LLC, has signed a Letter of Intent (LOI) to sublease a parcel of land at its Prosser, Washington, property. Under the terms of the LOI, Hydro Pro LLC, a private Washington grower, has stated its intention to sign a definitive agreement for a 10 year renewable lease of farm land and supporting infrastructure from River Ridge Sunshine Farms. The lease rate will be $9.52 per square foot of garden canopy per month for an approximate monthly rental income of $200,000 per month payable to River Ridge. The proposed leased parcel will consist of fenced land with private gated access, approximately 1,500 square feet of warehouse space, 21,000 square feet of garden canopy, and a security camera system.
About River Ridge Sunshine Farms LLC
River Ridge Sunshine Farms LLC is a wholly owned subsidiary of Indie Growers Association. It holds a 10 year, renewable lease on a 14 parcel agricultural property in Prosser, Washington. One of the parcels has already been subleased to Cannabliss Organic Gardens, a licensed medical marijuana grower, who is awaiting final approval of its Tier 3 license. River Ridge Sunshine Farms LLC intends to sublease all of the parcels to licensed marijuana growers.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties, including the Company's beliefs about its business prospects and future results of operations. Some factors that could cause actual results to differ materially include economic and operational risks, changes in anticipated earnings, continuation of current contracts, and other factors detailed in the Company's filings with the Securities and Exchange Commission, including its most recent Forms 10-K and 10-Q. The Company forecasts provided above are dynamic and therefore refer only to this release date. The Company does not undertake to update any forecasts that it may make available to the investing public. This news release has been issued by the Company as required by law and per the Company's listing and reporting obligations.
Indie Growers Association Inc.
Robert Coleridge, President
Indie Growers Association Inc.
1 (888) 648 0488
1 (206) 400 7569
indiegrowersassocation@indiegrowersassociation.com
from OTC Markets
They received them at an insanely reduced cost if they paid anything..
All stockholders and their spouses.
IMO this is the best outcome that the pre 87m release shareholders could have hoped for. With the current approximately 1 million shares outstanding I don't see any reason why this shouldn't rebound based off of that PR.
TD Ameritrade and Tradeking.. both had pre-split shares in my account this afternoon.. but:
Tradeking trade attempt:
"For your security, certain symbols may only be traded by speaking to a TradeKing registered representative. Please call 877-495-5464 for assistance with this order."
TD Ameritrade trade posted with no problems.
Nope still have the old shares reflected in my accounts, TD Ameritrade / Tradeking.
Odd they keep getting deleted.
Depends on where you are viewing it from.
This line in the agreement seems to have engendered a widespread belief that the issuance of any stock to "Moreno and crew" is restricted in someway that it can not be sold.
The effect of that might support the belief that the float is and would continue to be very small. That would surely have a supportive effect on the price.
Interesting how the misconceptions of the agreement tend to support
a limited float (no dilution by the 87,500,000 shares).
I'm not very hopeful that they will restructure the deal.. We have 7 business days + April 30th until the deadline... That is my biggest and truly only fear with this stock.
The 3 possibilities in I have thown around my mind are...
1. based off of the recent news - John Moreno violated the material agreement to such a degree the share deal is cancelled.. (unknown if that is good or bad as we would be Indie Growers Association without any of indie growers union's assets.) (doesn't account for Arnie Dewitt or Michelle Moreno's shares from the deal..) I would imagine we would see a price increase this way regardless for a bit.
2. Deal goes through.. 87,500,000 shares unleashed. 88,497,000 shares outstanding.. we all cry... I don't see a good scenario for current holders and this is the biggest force pushing me toward selling as soon as TD Ameritrade and Tradeking unlock my pre split shares for trading.
3. Deal is restructured, John, Arnie, and Michelle are offered a reasonable amount of shares based off of the SEC document.. $875,000 worth of shares. I would be okay with them even receiving more.
As I mentioned earlier I believe this is worth a lot of money.. the biggest issue for us current holders is the issuance of 87.5 million dillutive shares.
These shares are not restricted as many people state. they are protected from consolidation, aka they cant be reverse split again for two years.
So I don't know if I would say 1 in 3 odds... I think the current deal has the most weight unfortunately currently based on the SEC filings.
Yep.. I'm hoping for a restructuring of the deal prior to the 4/30 deadline for those shares being issued.
Can't let facts get in the way of a good story...
Yep.. no sell restriction on the shares, only the protection from consolidation for 2 years. So it's only beneficial in knowing we wont be reverse split again for 2 years.
Don't know where the $3.00 figure came from.. but my shares are locked down by TD Ameritrade until they receive the post reverse split certificates as many others are here unfortunately.
I value the company at 50-100 million in post #20384 from my own opinion based on SEC Filings.
But currently based off of the documents presented I believe It is worth 50-100 million.. But a mission statement, customers, financial information, anything could definitely help that valuation. -Stefault
Clarification on a PM I received...
The shares are... and I quote..
AND WHEREAS the parties agree that the Shares of Indie Growers Association or the Buyer shall not be subject to a share consolidation for a period of two years from the date of this Agreement.
Restricted shares. Can't be sold for 6mo-1yr.
That is the technical aspect.
What about the fundamental part?
What is the bookvalue of this stock?
What about the total assest?
Please let me know if someone have clear answers to my questions,,,
Many thanks
SHARE ALLOCATION
Indie Growers Association
Total shares: 87,500,000
John Moreno,
90% or 74,375,000 shares
Arnie DeWitt III,
10% or 8,750,000 shares
Michelle Moreno
5% or 4,375,000 shares
CORPORATE PROPERTY
DeWitt Sales
MMJ Dispensaries
Kung Fu Vapes
What happened to queenbudda?
also,
Dream
was banned? weird.
87,500,000 shares inbound.. on or before 04/30/2014 I hope I am wrong and I hope that deal is corrected.
https://www.sec.gov/Archives/edgar/data/1376316/000072174814000343/f8k_vikingminerals040814.htm
Baomike's warnings should definitely be heeded. Every time this stock has risen it has crashed just as big or even bigger.. until now?
jmo
200:1
There were around 200,000,000 shares outstanding.
now there are around 997,000
But 8k says 87,000,000 shares are coming by 4/30..
OS: 88 Million shares, Man!!!
"Under the terms of the agreement, the Company shall issue a total of 87,500,000 shares of common stock in exchange for all of the outstanding member units and assets of Indie Growers Union LLC on or before April 30, 2014,"
Totally a Scam.
The problem isn't the R/S it's the 87.5 million shares that are to be delivered by 4/30/2014 imo
https://www.sec.gov/Archives/edgar/data/1376316/000072174814000343/f8k_vikingminerals040814.htm
Item 1.01 Entry Into a Material Definitive Agreement
On April 8, 2014, the Company entered into a binding share exchange agreement, fully executed by all parties, between the unit holders of Indie Growers Union LLC of Washington State and Viking Minerals Inc. (now known as Indie Growers Association Inc.). Under the terms of the agreement, the Company shall issue a total of 87,500,000 shares of common stock in exchange for all of the outstanding member units and assets of Indie Growers Union LLC on or before April 30, 2014. In addition, the Company has forwarded a total of $185,000 to Indie Growers Union LLC as a good faith payment.
ITEM 8.01 Incorporation and Merger with Subsidiary
Effective March 11, 2014, the Company completed a name change merger on March 11, 2014 with Indie Growers Association Inc. a wholly owned subsidiary incorporated in the State of Nevada. This corporate action was approved by the Company’s Board of Directors as authorized by Nevada corporate law. The company has applied to FINRA for approval of the name change to Indie Growers Association Inc., together with a 1 for 200 reverse stock split. The name change and reverse stock split will be effective upon approval by FINRA.
ITEM 9.01 Exhibits
Current Deal, Moreno gets 87,500,000 shares x 6.90 = $603,750,000
Coleridge should have simply gave Moreno the additional $875,000 if that's what the original intent of the deal was...
My belief is the shares will continue to rise until the new shares are released, then we'll see a crash.. Unless we receive some validation, mission statement, business model, finances etc.. That shows this company is worth 500 million to a billion dollars.
I think I may take my money and run as soon as my shares arrive at my broker, not sure yet.
What do you guys think?
jmo