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Good luck all, it's out of our hands in 1 min
I see they haven’t posted anything about the farm in California lol.
Hey, so there have been a few things that have happened since I initially posted. I want to thank everyone one this board for putting pressure on both companies and helping to expose a fraud. With that being said, due to pending legal action, I cannot disclose what is happening behind the scenes. I would advise (anyone interested) to call both companies and they should disclose what is going on.
That being said, I would offer one bit of advice. If you invested in players network with the belief the California farm was going to be a gold mine, you MAY want to take your loss or gain and get out. If you believe the company is good without the farm, then disregard my statement. I would strongly suggest looking at how players network is operating, have they removed incriminating Facebook post? Do they still claim ownership of the farm? Have they released quarterly reports? Again I am not saying they do or don’t own the farm but you don’t have to be a genius to read between the lines with this company. Good luck to all????
What price are they uplisting at?
Do you think this is the reason the price is going down?
They up list tomorrow right?
Yeah, I was on board with the deal. The farm is great, GBI hired a great team and did a wonderful job with it. The deal was attractive and profitable so I was and still am for it. I invested in PNTV because I knew they were getting a top of the line product. I mean it’s generating money for them right now. So i think you understand my confusion and disbelief, to find out that PNTV isn’t making payments for the farm. Then to find out they haven’t filed their q2 or q3 raises a lot of red flags. So I sold out and have just been watching from the sidelines for a few months but now that they are 3 months behind on payments. I felt like I needed answers, I wanted to know who was lying and I found out. If you guys want to invest in a real company that is making money in this industry, invest in GBI (their a private company) but you can invest in their projects and receive quarterly dividends and full transparency. This is my last post here, good luck to all.
That makes sense and I see my message was deleted as well. Seems a little fishy lol.
The date comes from the email that was sent out to all the investors of LCG farm. So I will have to bump it against the contract to verify but the email was sent out by the leadership of GBI.
Saving face? Scroll back to when I initially posted the email, you will see that after I posted it, I made another post stating I attached the wrong phone number. I tried to edit the post but that’s not an option. So let me thwart your false correlation. I wish nothing but success for this company, I actually owned stock in it once I found out they acquired the farm but once we started having issues I sold out. Just Incase you can’t put two and two together, it’s in my best interest for this company to succeed. If they are making money then they can pay their debts. If they can pay the debts then I get my money for the farm. I just wanted to make sure they weren’t paying GBI and GBI just wasn’t paying the investors. Which I found out isn’t the case at all. So to reiterate, I am not now, nor have I ever wanted to affect the stock price.
What are you talking about, players network bought it from us. They are the ones who owe us money not the landlord..do you even know the context of this issue?
I attached the phone number to the post. It wasn’t part of the email. Which is why i said it was an accident
Just to clear the air, I am not concerned about the stock price. I don’t really know anything about this company, my intent isn’t to bash the company. I am just trying to find out which company is telling the truth and to ensure I get my investment money from the sell of the farm. I have found out a lot more information in the last 24hr then I did investigating myself, thank you. Now I know GBI is telling the truth and players network has not paid. I don’t care why they haven’t paid...they haven’t paid! So they are not holding up their end of the bargain and come nov 18th if they don’t pay in full they lose the farm. Those are the facts, everything else is speculation.
Here is the correct number, (951) 600-7273
I actually posted that the wrong number was attached by accident and I posted the correct number.
So there is definitely conflicting information from both sides, GBI is telling us (investors in LCG) that they haven’t received any payments after the first one and that they are charging late fees monthly. Players Network on the other hand is tell you that they aren’t behind on payments and that GBI hasn’t submitted paperwork to them? So they are admitting that they haven’t paid anything but they are saying it’s due to GBI not finishing paperwork? That doesn’t make sense, why would a company miss out on millions of dollars for months for simply not filing paper work? As far as not adhering to structure and regulations, that’s bull..you can’t put a seed in the ground with out filing the proper paper work and having all your ducks in a row in Cali. They are shutting grow operations down like crazy for not being compliant.
Can you send the number to the guy you talked to? I also want to thank you for finding this out, I am just trying to get to the bottom of this and as I stated before, I don’t care about influencing the stock price. I just care about my money.
Sorry I attached the wrong phone number for GBI the correct one is (951) 600-7273
It was sent out last week.
Here is a copy of the email from GBI regarding the farm, feel free to call the investor support number at the end of the email if you want to verify, I am sure they will answer all questions.
Dear LCG Investors,
This update is to inform everyone exactly where we are with the remainder of the purchase.
Let me be the first to acknowledge the frustration with this process. I can assure you, I share in this frustration. That said, let me shed more light on what has been going on behind the scenes.
Shortly after PNTV acquired us, they lost their CFO. As a result, Mark Bradley, their President and CEO, took on this additional role and they began their search for a new CFO. At the same time, Mark was busy negotiating the funding deals needed to pay off the remainder of the acquisition. However, having Mark be both CEO and CFO was less than ideal and, as a result, there were delays in key filings needed as precursors to secure/finalize the required funding. Specifically, their 2nd and 3rd quarter financials. The good news is, within the last two weeks, PNTV has hired a new CFO whom is now onsite working with us to make sure the accounting and inventory management is GAAP and SEC compliant. And, according to Mark Bradley, once PNTV files their 2nd and 3rd quarter financials, they have $6M committed and ready to be deposited. As soon as this occurs, per Mark, their first priority will be to complete our deal and get us closed out.
I have received many phone calls with concerns. “What happens if they never pay” “They are going to string this out forever” etc. I want to once again recap the structure of the deal so that some of these concerns can be addressed.
1. The longest this deal can continue is 180 days from May 21st. On November 18th if we are not paid in full (including late fees) PNTV loses any money that has been given to us as well as the rights to the business.
2. There is a late payment calendar that racks up money every day. And we are being compensated for the late payments.
In the event PNTV defaults on the deal and it is deemed null and void, we are gearing up for the following:
1. Our sales team is creating a sales pamphlet with videos, pictures, and full financial projections.
2. I will begin shopping for backup offers.
Please know how much I appreciate your patience as we navigate the finalizing of this purchase. If you have any questions, please don’t hesitate to reach out.
Best Regards,
Michael Gregory
(415) 741-9292
GBI Farms.
Lol yes the “market movers” hired people to bash this stock on a chat board with what, 8-9 people on it because they know the lot of you all are investing hundreds of thousands and single handily effect the stock price...if you believe that, I have beach front properties on the moon for sale, best deal available!
I also am invested in the zabala farm. Have you received any other payments besides the management fee last month for the LCG farm? Also have you made anything close to the 100% ROI promised on either farm?
Again I am not trying to influence the stock price, I just don’t understand how they are making 1 million a month but aren’t able to pay us or are they paying and GBI is lying to its investors?
You don’t have to believe me but I did invest in LCG farm (the name of the farm before it was purchased by players network) it is personal for me because I was suppose to receive my initial investment back plus some once the deal finalized. We were suppose to get paid out over the course of 4 months. They paid us the first month and we haven’t received anything afterwards. So either GBI is lying (which I doubt) or Players network is lying about how much they are making. I don’t care about the stock price, I just want people to know the facts.
This company is lying. They still owe GBI 4 million dollars for the farm in California, plus the late fee for the last 3 months of 50k (per month). They claim that they are bringing in 1 million per harvest but if that’s the case then why aren’t they paying us for the farm? Here is the interesting part, if they are not current on payments come Nov 17, the contract for the farm in nullified and GBI acquires the farm back. We are already look for another buyer for the farm because we believe they will default. I am not telling you not to invest or to invest but I just wanted to share some facts with you that the ceo “accidentally on purpose” left out.
Question: if states collect tax money from the sell of weed and banks are not accepting money from the sell of weed, where does the state keep its money? Are they keeping the tax money in cash form?
I don’t think this applies to the area where the farm is at. I am one of the individuals that invested directly into the this farm through GBI. I also own part of a second farm in the same area. The reason we sold it so cheap is because of issues with the landlord. It had nothing to do with what this post is talking about. I have all the legal docs to prove it.
Are you shorting this stock?
Why would q1 be a disaster? Even if they have to pay for the marijuana now, the demand is higher than the supply? Sounds like you don't understand the sphere of medical marijuana or recreational. Also anyone interested in owning part of a medical marijuana farm in California, send me an email Williams.timothy138@gmail.com. I work with a company that owns 3 farms and they are trying to expand fast before Jan 2018 when recreational laws take effect here.
Yes, due to buying equipment and setting up their buildings plus renovations. Also includes consultant fees and other expenses acquired due to setting up three stores in under two years. It's all broken down in the last quarterly report but With the money this company should make off rec sales, that will be paid off rather quick imo.
If we can just pass the .15 cent resistance, I think this bad boy will soar into the 30 - 40 range till nov.
So here is the email that I received pertaining to the store:
My name is David Jones and I am a business development consultant to Kaya Holdings.
The Kaya Shack Marijuana Superstore opened quietly this past Saturday as we tested all of our operational systems, and all went smoothly. It is currently running strong and we anticipate a grand opening celebration within the next two weeks.
Thank you very much for your support; I will make sure that your email is on Kaya’s news list list so please check your inbox in the morning as we will be releasing news before the opening.
BMN Capital Group
I messaged their Facebook page and inquired as to the status of the second Kaya Shack which is how I acquired the info. I just recently emailed chad@kayaholdings.com to verify the accuracy of the information, I will relay the message on this board once he replies.
Q comes out nov 15, they will report how much was made up till that point and the second store is open. I messaged the kaya shack on Facebook and was informed of this; ask and you shall receive lol.
Let's assume that there are currently 300 stores selling rec and some how they all sold a equal amount. It was reported that first week sells were around 11 million, that would mean each store made about 36k! That's still (if consistent weekly) 146k a month. I can't imagine that to be a bad thing at all. Plus I fail to see how the market can be saturated if these numbers were true, thoughts?
It's so crazy how there has relatively low volume the last few trading days, is this something we should be worried about?
Who are your Canada stocks
Did it pass?
Just curious, it seems like you were all about this company a few months ago. Now it seems like you have done a complete 180, do you no long believe in the company or did they do something to you?
My comment was deleted! All I said was the stock went up 11% which it did. Man that's cool lol
Thanks!
Is the market open today?
29k and out! It's been fun guys but we all knew this was going to happen!