My posts are designed to promote discussion, seek validation, convey facts, and share relevant resources.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Don't let the tsunami hit you on your way out! I'll be watching from my ivory tower :)
That's #15 for me.
"After the application period closes, the state must make a decision on each application within 90 days of receiving it."
The 90-day window takes us to the end of July.
If the reviewers and investigators move quickly through 18 applicants, and don't have to reject/call up other candidates, I suppose we could hear something sooner.
TRTC could have an employee sit on the newly formed advisory board for a term if they run a dispensary or cultivation facility.
Nevada is looking for quality and ethical business partners.
I am very optimistic :)
Here is the Subcommittee formed by the state law:
f S.B. 374, 2013 Session)
Summary: The Chair of the Advisory Commission on the Administration of Justice is required to appoint a subcommittee consisting of:
(a) At least four Legislators.
(b) A representative of the Department of Health and Human Services.
(c) A patient who holds a valid registry identification card to engage in the medical use of marijuana pursuant to chapter 453A of NRS.
(d) An owner or operator of a cultivation facility that is certified to operate pursuant to chapter 453A of NRS.
(e) An owner or operator of a facility for the production of edible marijuana products or marijuana-infused products that is certified to operate pursuant to chapter 453A of NRS.
(f) An owner or operator of a medical marijuana dispensary that is certified to operate pursuant to chapter 453A of NRS.
(g) A representative of the Attorney General.
(h) A representative of a civil liberties organization.
(i) A representative of an organization which advocates for persons who use marijuana for medicinal purposes.
(j) A representative of a law enforcement agency located within the jurisdiction of Clark County.
(k) A representative of a law enforcement agency located within the jurisdiction of Washoe County.
(l) A representative of local government.
The Subcommittee is tasked with considering, evaluating, reviewing and reporting on the medical use of marijuana, the dispensation of marijuana for medical use and laws providing for the dispensation of marijuana for medical use.
I can see how my last sentence may have been misleading.
The State law defined an approval process that did not include county governments in whole (one representative of local government will sit on the MM advisory subcommmittee).
Clark County created a permit process to meet their needs.
State decisions trump County decisions if they find reason to do so.
You're probably referring to the written material they submitted for review. Tuesday is a six-minute verbal presentation with an opportunity for citizens to ask questions.
They only die when they remain a dream. Skilled CEOs know how to make them become real.
LOL!!! I thought someone might think I was being negative.
I once worked as an Assembly Attache at the Nevada State Legislature. I greatly enjoyed the experience, learned much about protocol, rule making processes, the importance of respectful discourse, as well as appreciation of diverse views.
I often wonder who made some of these rules and why (e.g., shorting).
A penny isn't worth anything in our real world. Why is a penny being broken out into hundredths? That contributes to the day trader gamesmanship that interferes with capital creation.
Seriously, if the SEC was for the investor, why don't they show it with rules that support investors.
The greys should not be an automatic wasteland. They could serve as a temporary holding zone where offenders can correct issues, then return to previous status. Deliberate fraud ought to equal dissolution with no ability to run a business again.
Rather than punish shareholders for something they cannot control, let the investors decide if they want to continue to provide support.
I could go on and on and on...
I appreciate your optimism. I believe they will love Derek and this company's extensive experience and knowledge. To protect them and investors, there should be no dissemination of "shoe in" theories.
It is important to respect the three government groups involved in TRTC's review processes.
The applicants that didn't make the Clark County cut can work the State angle, and would love to see one of the 18 candidates fail the two state level reviews.
The Nevada Gaming Control Board can find something that nixes any of the 18 candidates.
The MME Law authorized and tasked a subcommittee to create a statewide selection process using criteria with weighted measures.
The Clark County process was not authorized in the State MME Law.
There is no license news in June.
The Clark County Commissioners created a Special Use Permit Process, outside of the Medical Marijuana Establishment (MME) Law (SB 374), through which they are narrowing down a large field of applicants for MM Establishments in their area of authority.
Next week they pass the names of their 18 selected entities on to a State of Nevada agency that holds legislative authority for vetting statewide candidates for MM Establishments. This extensive vetting process happens into late July.
If TRTC is approved by the State of Nevada late July/early August, they will then apply for a business license in Clark County (a routine procedure).
While getting on Clark County's List is reason to celebrate, being approved by the State is the big win.
Because the amendment deals with spending on enforcement actions only, not removal from Schedule I.
The Rohrbacher Amendment to defund Fed action in states where Medical MJ is legal is expected to be voted on later today. Keep expectations low, though, as it is just an amendment to a spending bill that must be passed.
You can track progress of H.R. 4660 here:
https://www.govtrack.us/congress/bills/113/hr4660
Note the prognosis of passage is just 28%.
Serious investors need you to be our Universal Shareholder Relations Dude. Seriously...can you light a fire under David Gwyther's seat? The ERBB Board has been hijacked by evil forces, too! It is a matter of time before AB gets a jab in there:)
God with a capital
Post 7976
He filed May 15. Is there a quarter or year in which he filed late without proper notice?
There is an earlier post from someone who called. That message indicated lawyers were negotiating press release.
Scott must have a leg to stand on if they have negotiating power.
When did he fail to file timely? If a notice of late filing was submitted, why is that an issue?
Scott's operational summary of May 16 on OTC states he updated marketing materials and that the opening date of Seattle office was TBD. This sits well with your positive and respectful commentary.
That doesn't answer my question which is a rule interpretation. If I have to read through all the rules to get an answer, just let me know :)
Is it true the shares owned by you on the greys cannot be moved to pinks? I recall reading that on this board.
I added GBLX to my watch list because I love the technology concepts.
As for volume increase, the press release on the MJ Index probably helped.
Considering the low volume, I must not be alone in my views.
Good luck with your day trades :)
For me, I want to buy in but there are too many forward-looking statements for an OTCQB business that is very new to the MJ sector.
They name key roles, key concepts, announce proprietary technology which appears very cool. What price will be associated with these operational costs?
The February 2014 10Q is for Q4 2013 and related to their oil/gas business.
Need to see Q1 2014 numbers as they relate to the MJ cultivation/dispensary businesses they want to run in Nevada.
OTC Disclosure & News Service
No financial reports have been posted for GBLX
EDGAR Search Results
No matching companies.
Financials?
You missed my reference to that mistake...took a phone call and the edit window closed. This was dyslexia of the brain...sorry :)
Investigator and whistle blower.
Fox Business News - Willis Report - OTC Markets Bash
Read the YIPI CEO's response at the link below:
http://www.otcmarkets.com/stock/YIPI/news?id=81433
Once stock images are purchased, the buyer can rename the file and save to any graphic image type. Not concerned :)
Two companies can use the services of one graphic artist. Stock images can be shared by many organizations.
If you're seriously concerned, contact Investor Relations from their website with your questions and please post responses here.
http://www.garbreorg.com
I am not concerned if I lose $20 bucks on a gamble :)
JG is not in a position of weakness.
Third party actions can cause a suspension of OTC Pink companies even when excellent DD exists on investor message boards.
That's it. I'm done. Back to my weekend :)
If you know for a fact that the Press Release issued by Sterling Scott contains incorrect information, please let me know so I can pass that on to the law firm handling the class action suit against Growlife.
I did not mean to imply JG was directly employed by the SEC only that he has performed investigative work.
3rd Party Influence:
"GrowLife CEO Sterling Scott said in a statement that SEC staff had suggested to the company that regulators halted the stock because of concerns that 3rd party holders of Growlife stock were set to engage in some form of manipulative promotional activity."
CEO Weakness
A former SEC investigator, who is a whistle blower, is never in a weak position.
I wouldn't trust this company until they settle the lawsuits. They owe shareholders much more than promises of a rosy future.
While it is unpleasant to some people that JG didn't appeal to their higher sense of English etiquette, for me his message was not lost in the errors. I do not shoot the messenger's style. I hear the message.
I sense a line in the sand was deliberately drawn. I sense that JG gave the world a glimpse into the unsavory side of the Federal Government for a reason.
John is advocating for shareholder rights. The SEC rule that allows suspension of trading based on 3rd party behaviors leaves all businesses and investors vulnerable. It creates systemic mistrust. The SEC warning letters focusing on this sector alone ensures money leaves this sector.
Of course the SEC suspensions and incessant warnings APPEAR a noble cause to people who trust the government 100%. To others it APPEARS this is what some power brokers want--low prices, MJ out of society, or to take down competitors with disruptive technology within their product line(s). The only way around this impasse and mistrust of the SEC is greater transparency and accountability for the SEC's actions.
I agree that they ought to thoroughly investigate corrupt people without impacting the company's share value. Let the market decide that portion of their fate.
Does anyone know if Scott Dittman delivered his scheduled presentation at the recent Cannabis Business Summit?
Track3:
Ancillary Services and Products
1:30pm
Rise of the Machines: Innovative Cultivation Technologies
He is still on the event brochure:
Scott Dittman is a long-time Colorado resident and graduate of the University of Colorado Boulder. Scott received his degree in Business/Finance and went on to acquire his CPA in 1991.
After spending two years with Arthur Andersen and Company’s San Francisco office Scott found his calling within Arthur Andersen in their enterprise small business consulting group. After a two years in the Enterprise group and a stint in AA&Co’s Sydney Australia office Scott decided to pursue his interest in real estate and return to Colorado.
Scott became CFO and minority owner of Equity Custom Homes, Inc in 1995. After eight years at Equity Custom Homes, Scott became President and majority owner in 2003. Scott also founded and ran Comprehensive Building Solutions, a Butler Manufacturing franchise specializing in steel buildings.
Scott has served as CEO of FusionPharm, Inc. since 2011 and is the inventor of the PharmPod growing system. PharmPods are used extensively by professional cultivators of produce as well as cannabis across the US and in Canada.
Scott has been active in numerous charities and organizations around Colorado, most recently as a member of the Board of Directors of the Denver Buff Club, supporting athletics at the University of Colorado.
Scott and FusionPharm are founding members of the National Cannabis Industry Association where Scott is active in lobbying at the state and national levels for cannabis policy reform.
Scott is a husband and father of two active sons and enjoys golf, snowboarding and tournament poker in his spare time.
Thanks for the links. Love seeing the investors that did show up!
Read "The Speed of Trust" by Stephen Covey.
It may be that Scott's greatest mistake was perfectly legal and lethal at the same time: Not establishing trust with shareholders.