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Always trust a company with a gmail acct for a point of contact
Wow.....
A lease .....
No assets .... no cash.... and a shit load of debt....
I'm kinda surprised I've made money with this dog.... but until the reverse split I'm gonna keep flipping the stocks to the people who think that we grow plants....
Yes the PR shows the permit being given for expansion.
But not a word on where the money is coming from to pay for the contractors or the expansion. As of the last financial we are 3.3 million in debt, with 4300 in cash and 1800 owed in receivables.
I'm up, some nice cash, and am picking more up on the drops, yet the finances are extremely scary looking.
Kinda like the Fed and Chinese debt
With 4 grand in the bank, and over 3 million in existinh debt, where is the money coming from to build.
Yep I concur
According to the last Financials in October ( http://www.otcmarkets.com/financialReportViewer?symbol=CGRW&id=163044 ) they have had only 10k in revenue last quarter with a 2k profit
According to the website they "We offer management, development, construction, staffing, entitlement process (permitting), research and other professional services to the legal Cannabis industry" .... so a consultant and a labor pool.
I can only speak for myself....I don't see
good business practices in the numbers.
2 grand in profits last quarter
A loss of 63 grand last quarter
The largest tangible asset are recievables 43k.
I have been buying and selling this stock for quite some time, and have made some good money. But according to what I read with the math, financially it sucks .
The bet I believe that they are banking on is for the schedule 1 restriction to be lifted and they they have infrastructure in place on the rented land ready to go. Will that happen soon, that's the golden question .
4 grand in cash..... 3 mil in debt.
No assets.... just leased land
I've made a ton of money on the people who buy into the illusion that they grow weed. But... they don't
They have 4300 in cash..... and 3.3 milli9n in liabilities.
Seems fair
As a consulting company and not a grower why are you jazzed about a harvest?
I sold off half at 1.05
I'll pick up more on the cycle drop. It's a ok little penny stock that owns very little assets and simply is a consultant.
Great day to pocket profits !!!
What do we gain when the clients plants are harvested ? Is there a consulting bonus paid at that point of the process ?
Yep, I'm up YTD
Not to bad for a company that simply sublease it's leased land to growers.
Not a bad income idea lease it for X, make a few low cost improvements, buy equipment and then sublease it for y and make the spread. Long term residual income. Kinda like a strip mall.
Who owns them, the clients ..... not us
Too bad they are not owned by the company
How about sharing the knowledge ...
Is this knowledge or assumption?
Easy ways to make some cash
Buy at .0011 dips, sell in the. 0013 highs
Get in, get out
Make money, move on
What makes you think the reschedule will be this week?
But.... without seeing the bid requirements, I can't say really lay any fault on the contractor.
The bid requirements and the scope of work would share the expected completion date.
It could be a 1 year build... or 60 days, whatever we asked for when we did the bid request.
I don't know if I agree....
On a small job like this, I could see 10 or 15 laborers knocking out the concrete work, while 6 or 8 electricians get the underground going, while the carpenters start the prefab walls and the framing, the fitters could be prefabing spools for the hvac, as well as the internal process pipe.
I think the most I've seen in the pics is maybe 10 or so guys....
This is a simple project.... slam bam.
That's why I'm saying no sense of urgency....
Yes... I have.
I am in commercial construction, it is progress. .. very slow progress. It looks like it's a low manpower job, with no sense of urgency to complete.
A typical build like this should be no more than 45 days.
When this stock starts to produce a revenue stream, then I expect to see our price go up...
In the mean time, I simply pick up a few hundred more each week on this drop.
Were at about the same level as 3 months ago.... and 6 pts down for the last 30 how are we gaining ground ?
The permit has been approved 10 weeks, and looking at weather underground, the weather has been pretty damn good for construction.
They started grading on 1 October, which should take 3 days for this small size plot. It's tiny in the construction world
The admin building was delivered July 31 to the builder.
This project is a very simple one, especially with a prefab building. I'm in industrial and commercial construction. There's only 2 reasons that I can deduce that this project is still in the concrete phase .
1. A lack of urgency to be completed, a no need to rush mindset, which the men swinging the hammers get from the ownership and company management
2. The builder has a hard time collecting funds. About 1 out of 10 jobs I've run, the client falls behind in getting us a check. No check, no manpower.
There's no reason this shouldn't be a viable building by now.
Wow.... this is a slow build. A project of this size should take 3 weeks max, from ground break to handing over the keys. It's a very basic build.
Wonder why the delays?
And that's what I meant by speculation, not investment. ....
Right now, in the investor world, this stock has no revenue, minimal assets. And not even a building. It isn't an investment, its speculation. Before anyone talks stupid, I own shares. I picked up more yesterday on the drop.
That being said. News of a well certification or a slab being poured doesn't mean anything to an investor. To us, its a sign of movement though. A sign that our speculation could possibly generate some ROI
I'm sure this is going to tweak some people's ego's. But I'm simply sharing my view.... Feel free to change the channel
I'm just thinking if there's 2 separate wells, that might be a few reasons.
Logically, there's no need for 2 wells that I can imagine. One well can produce massive amounts of water.
I am in construction
My thought is there's 2 wells, one to support the grow process, and a separate well for normal water usage. Sinks, toliets, hot water heaters, locker rooms, etc. That way if there's a flow meter installed on the grow side, the state can track usage, or be used in the billing process.
Just a few thoughts.
Where did you find this, I don't see anything out there about it?
I haven't seen any evidence of the sector heating up, most MJ stocks have been flat.
That's only 1 grand in cash movement. ...
Wow..... insert sarcasm here
Little counties can get things done faster than bigger ones.
I am in industrial construction. The permit process varies by county. I was on one job, a bp refinery, the permits took 2 years to approve
This project looks rather simple, with minimal environmental impact in a smaller county.
Based upon those factors, I tend to think that once the permits are submitted, I can see the board acting on the permit within a month. If the permit is approved I lean towards a complete build out in 90 to 120 days.
This is a small project, no more than 10 to 15 men on the job.
Just my thoughts
Me too.
Another 8500 shares...
And doubled my money in 45 minutes.
Buy low.... sell for a profit
This stock has its cycles, all you got to do is ride the waves
I only hold 25,952 shares.
My buy point is between 57 and 59
And I have sell marks at 66 69 and 72
This is purely about making money.....
Buy me low sell them at a certain margin , go to the bank
Let's see.... you toss out a vague name, and provide no evidence of any of your statements
Sure sounds real to me..
Lol
About a month ago I put in a standing buy for 750 at .58.
I ended up buying 750 at .25 today off the buy order.
Sometimes the cards just fall your way.
What bill in November 2016 are you referring to, or is this speculation?