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I believe you have missed the premise here. I’m not talking about gross/net profit and expenses. Despite upgrading facilities, leases, partnering with other growers and expanding operations the Co has been on a NO revenue growth trend for years now. Also, don’t think for a second that Zen will be debt free except from old pvsp debt/CDs. The Corp expenses now listed under pvsp will remain with Zen as a public entity re financial reporting, audits and reporting.
lol, must be whispering in the fields.
Eltp$$$
Some but most are not traders. You will never hear them post re chart, trading trend or stat signals. It’s all irrelevant!!
Eltp
Hahaha, you trade on a ‘heads up’, lolololol!!!
Eltp
Don’t know what is going on, upgraded facilities, increased production/capacity and expanded operations = no revenue growth??????? Not adding up imo!!
Zen
Spot on post. Had a friend recently inherit big $$$$. Could not talk him out of using his bank to invest his money. He learned his lesson very quickly and is with a good investment firm. Getting a broker license now is as easy as getting a real estate license.
Eltp
Btw, on top for the last 53 years and only an idiot would conflate financial acumen with Dimon s name. Or, please fill me in on how financial acumen, understanding financials re pubcos and trading, has anything to do with the name of a CEO or who the CEO is!!! Please explain as I’m curious!!! Your financial acumen is what , watching Cramer, lolololol????
Eltp
Dimon is ok, still crying about your lol vote????
Eltp.
Haha, someone named bubba should certainly know that hogs get slaughtered and pigs get fat!!
I don’t know that it would have had much of an effect compared to no growth. Don’t forget there was no growth despite the upgrade of facilities and increased areas of operation; I have a hard time grasping this from an operations perspective. There is no discussions about the Zen on the board other than BS and talk about the spinoff. I believe the management to be very apathetic about their own circumstances and lack of forward movement. The newco will need new experienced public co growth execs.
Therein lies the market perception of pvsp/Zen;Zen has been a disappointment due to the jack of projected revenue growth. Revenue was projected to be $19+mm after the first year. How long has it been now, 3+ years?? No growth!!!
He literally took Elite out of the gutter and made many lots of money and will do it again. When Musk or Jamie Diamond miss a projection it is what it is. When Elite CEO misses a projection it’s called a lie, lolololol!!!
Eltp.
Should be none to begin, just hope it stays that way!!
Zen$$
I don’t think so, some debt is intrinsic to Zen such as payables, leases, etc. We won’t know until we see financials.
Lolololol, one share can be the majority of votes, how dumb are you to contradict yourself re a super voting share!!! Geeeesh
Eltp
lol, I did not post that the CEO has/owns a majority of the shares. However, weasel, the CEO apparently has the control shares= bubba has no vote and won’t have a vote when the Co decides to sell.
I really don’t care but none of you bashers have researched Elite’s shares other than os/as which you should if it’s of value to the bubba types. Keep em coming but try a lil harder, try substance rather than your typical name calling.
Eltp
Lolololol, study up amateur. As your other Bubba cohort has posted, some convertible pref shares are super shares and control the Co re voting purposes, very common in pennyland. Study up on the variations of pref shares.
Eltp
You simply made my point idiot. Better that you read through the posts and brush up on your reading comprehension. The entire point is the majority of shares regardless of one or 1000 voters. Geesh!! As usual, late to the game again. Try harder.
This is so far above your head re ‘shareholder’ votes, the CFO/Sec Treasurer of the Co will merely gather the votes necessary which usually is comprised of insiders with common stock and pref share votes to attain the majority. For the last time, your puny vote does mean chit in closely held and most OTC stocks. To simplify it further, they made a few phone calls but didn’t need to call you, lolololol.
Eltp
A few posted a list of CEOs for your perusal. Cute pointing out a typo but realize that’s all you got. Also, I see you skipped over defending your friend’s ignorance.
Eltp
So, you now understand how ridiculous you are. No Co/BoD needs your vote if they already have 50%+1 of voting shares. Your ignorance is astounding but certainly fits your stereotypical handle.
Eltp
As stated, it was a math question and clearly did not expect an answer. However, someone with such a rudimentary grasp of reading comprehension should have at least picked up a clue. So, for amateur hour classes today we shall ask a more direct question, how many shares are necessary to pass a corporate resolution?? Second question, is a shareholder wide vote necessary if a majority voting block already exists to pass a resolution??? Hopefully , you now get it and end this ridiculous discussion relative to the insignificance of your lol vote!!
Eltp
Silly ignorance abounds re public Co knowledge. Quick question, why is your puny insignificant vote not needed??? It’s a math question, so I don’t really expect you to answer!!!
Eltp
Awe, stop crying and letting the big bad CEO hurt your feelings. We know he hasn’t lied more than you have on this board. Please stop crying and also stop getting so worked up and pitiful with my posts. You’re gonna be ok, lolololol
Eltp
Exactly!!!!
Eltp
Cute, everything is covered by ‘safe harbor’. Did he tell lies or did he miss projections, are either illegal? Did the man think he would do better sooner, I think so. Maybe, one should not bet the house (all of it,lol) on someone he accuses of lying which sounds more than contradictory, it is outright STUPIDITY.
ELTP.
You too sad, what a sad life!!
Eltp.
Lolololol, welcome to pennyland!!!!
I see you’re learning.
Eltp
Weak lil girl, very weak and sad!!
Eltp
Thx weasul, I realized you needed the help!!
Eltp
I think it would be fantastic, very enlightening and certainly more interesting, considering your vast legal acumen and case/court experience, to post the State/Federal laws which you have accused the CEO of violating. Ask your friend weeasul to help as well, two legal minds are better than one, lolololol!!!
Eltp $$$$
Amateurs pretending to understand SEC law and/or the fiduciary responsibilities of corporate owners/executives from a legal perspective is analogous to a third grader understanding calculus; however, it does bode well for amusing entertainment. BTW, every owner/executive of a private or public Co enriches themselves as much as possible within the law. It’s quite easy to filter the limitations/inexperience of posters who continue to post hyperbolic nonsense as a means of promoting one’s own delusional ignorance.
Eltp
Agreed, however, Elite needs consistency in fundamentals as well as market support for overall success including achieving the best future buyout potential. My point re increased buying Friday simply reinforces the recent chart trend from the bottom.
Eltp
Trend changed for the first time since decline with buy/sells at 50/50. All good.
Eltp
All good, thus far the chart has been very consistent since the rise from the bottom.
Eltp
No retail shorting, broker-dealers are not subjected to these costs nor are the MMs who can delay covering by merely paying an interest penalty as well. Any BS artist posting they are shorting are liars.
Eltp
Lolololol, nothing weaker than an anonymous tough guy.
Eltp
Lolololol, as if any rise in a stock is due to message boards and not big money. Conflating being a psychologist or simply having a PhD in same with being a delusional wannabe psychotic trader is actually fitting in this case.
Eltp $$$$$
BS, but all know that, lolololol!!
Eltp
Don’t fool yourself or others, if you think he did anything without the advice of good SEC counsel you are very much mistaken. Now, do I think you paid a good SEC counselor to give you an opinion, not in a million years.
Eltp