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No 55,000,000 warrants are gone. Excercised at $.32 and $.30 recently. It’s in the most recent Q. Those warrants were from 2 separate 2017 money raise private offerings. I’m holding, 1,125,000 warrants from the September / October 2016 Private Offering. If I have them others do to. It would be nice to know the fully diluted number. Someone (me, most likely) will have to go through 2016 Q’s to see how few warrants are still exercisable and at what price. I know how long. This group of warrants I hold expires 8/10/2021 with a small number (125,000) good until 1/2/2021
Cya at the the GBLX Meeting. I’ll be out this month around months end to spend 2 days with the Exec Team. Maybe back on the 10th. Got San Fran and L.A. where I have private company biz holdings where I have to be in between the 5th and 12th too.
As I posted prior the float is 266,000,000ish
https://seekingalpha.com/filing/4247542?app=1
AHappy Turkey Day GB Turks!
3.00’s coming, still no uplist, still no farm bill still going down. GLTA
You’re using incorrect numbers for the float, the floats 256,000,000 shares -+/, its simple math, the last report was 201, add to that 55 million shares distributed in the Q at the aforementioned page and “Note” to Warrant holders, some for “consulting” and some employee compensation given to employees (at one cent per share but it was negligible). It’s 95% warrant holders That’s as to the float “issue” as to the one who ultimately knows the companies plans is the one making them, JP. I f you can speak to him it at will, do it, I speak with him fairly regularly. Good to hear from you Jefra
That 222,000,000 O/S count is incorrect. It’s closer to 255,000,000
That 222,000,000 O/S count is incorrect. It’s closer to 255,000,000
I’m in it long term with you, and my initial anger particularly at John has subsided. I’ve gotten to know him fairly well since first meeting in September 2016 and investing in my first million units which consisted of 1 share at $.20 and 1 warrant at $.60 I’ve long since sold those shares turning a nice tidy profit. Began selling at $.32, then $.40 then $.50 and my last 250,000 shares at $1.03 that was a nice little score. I was surprised the watt ants were 5 years to expiration so I’ve got 3 years left. Meanwhile I bought into this past January raise at $.40 but also picked up more warrants there, and like I said I’ve now bought another 500,000 shares beginning at at $.30 and as low as $.2211 - If he hits this “moonshot” I’m in for 2 million shares of it. If he doesn’t but the Louisiana, Oklahoma, TECO, Colorado Hemp Project and one other state I believe we’ll hear about soon along with the ever building IP Portfolio may just make us a big pharma target. We need real patents not provisional ones and real medicine, novel delivery forms for it and at least the one IND Clinical Trial that we have and another if possible. All these things do cost money and as opposed to companies who think growing 1,000’s of pounds is the end game they’re wrong. The more supply hits the market the lower the price will get. Just like in Colorado, Oregon and Washington. The “other guys” hoping for big alcohol or big tobacco to buy them out IMO will find only a few of those companies willing to dip there toes in. We’re the ones when it comes to Medicine, Medecine, Medecine. If we make just one winner a Roche or a Gilead, Amgen, Biogen or even TEVA might want us. It only takes one winner. In the meantime as the other states come online and TECO begins blowing trim and making products from the resulting oil we should see nice growing revenue numbers. JP is A OK by me. He chose a direction and he’s trying to steer the ship there. Nothings easy in this business particularly with the political mess the countries in. But I’ve made money, banked it, paid my taxes and reinvested 1/2 what I made. Patience is a virtue guys. It took a long time by Carlton Fisk hit that home run in Boston and they’ve been winners ever since. We need JPto hit ours. As for hiring his daughter, if she’s capable of doing the job and she’s paid market price for the job she’s doing as long as she does it well who cares. I’ve made 4 trips to TECO, from here forward you can expect me to be there 3-4 times a year. So every 90-110 days if I see something reportable I’ll pass it on. Don’t forget the new Canadian Division. Everyone understands what that means don’t they?
TECO is our 28,000 ft.² facility in Nevada where every penny of revenue generated to date has come from. It’s also the official corporate office address. It’s where we grow, trim, blast and blow oils and if your deeply invested in this company you should call and make an appt to see it. It’s a state of the art grow, manufacturing and production Cannabis Facility and it gorgeous. The reason it’s called “TECO” is because that’s the street the building is on. 3550 West Teco Avenue, Las Vegas NV
Lastly the triple post was a glitch in my Mac. It wasn’t on purpose. I’m sorry if it bothers anyone. I’ve tried to correct it by deleting two but there’s no option for that.
Of course they will but I’ve already had the conversation and was told mine would be repriced. Then I read in the Q that it’s the 2017 issued warrants not the 2016 ones that the units they were connected to paid for the first build out at TECO which moved us from pre revenue to revenue producing. I’m not concerned about the float, once we voted to increase the A/S to 400,000,000 I’ve always expected it would be that eventually.
It means the floats actually right around 256,000,000 shares currently.
I agree reprice is better but why the 2017 issued warrants and pass over the 2016 warrant holders.
There is NO Cura operation at TECO anymore, the license was taking too long and Cura backed out. We will now be blowing our own trim. This guy talks about “delusion” but he’s writing about CVSI on the GBLX board. I speak to John regularly, for an hour during one call earlier this month. In the long run it’s better for us instead of a licensing deal we’ll now blast our own trim with a German made Hyper Critical Co2 extraction machine. Saw it with my own 2 eyes. Ignore this guy he’s posting on the wrong board and couldn’t get John on the phone for 90 seconds if he wanted.
Importanrt - Warrant reprice, corrected. Apparently they’ve changed their mind as to repricing OUR warrants. I’m angry. My warrants date back to October 2016 and are good through October 2021 and priced at $.60 .After reading this most recent Q I found this, on page 15 under
Note 6 – Capital Transactions. In order to encourage the exercise of the 8,000,000 warrants issued to investors in the private offering of convertible notes dated March 2017 and the 28,804,000 warrants issued to investors in the private offering of convertible notes dated July 2017, the Company effected a temporary decrease in the exercise price of the warrants from $0.60 and $0.65, respectively, to $0.30 and $0.325 per share. As a result of the price reduction, the Company issued 12,332,750 shares of its common stock and received net proceeds of approximately $3.9 million. In connection with the induced exercise of the warrants, the Company recorded an inducement dividend of approximately $2.9 million.
So they cut a 50% break to the warrant holders from March 2017 and from July 2017 but those who were there in the beginning, far before these investors like me in October 2016, the ones who supplied the funds used to build out the first portion of the TECO building allowing us to FINALLY begin growing and reporting revenue, Nada, bupkis. You can expect the float to ballon by 12,332,750 shares due to these newly converted warants..
Additionally that same section; Note 6 – Capital Transactions
says; During the six months ended September 30, 2018, the Company received notice from convertible note holders of the conversion of notes having a total of $4,470,000 face value and $170,971 in accrued interest. Accordingly, the Company has issued 18,563,885 shares of its common stock based on a $0.25 per share conversion price. In connection with the conversions, $3,464,187 in unamortized discount on the related notes was recognized as interest expense and the Company has reduced the carrying amount of convertible notes payable by $1,005,813. That’s another 18,563,885 shares added to the float. Additionally that section states; The Company issued 1,543,844 shares in exchange for consulting services and recorded a related expense of $0.7 million. That would be NET1 and The Company issued 325,125 shares of its common stock in connection with the exercise of compensation warrants at $0.01 per share.ONE CENT.
The bottom line most important information to be taken from this Q is the float will balloon by 53,143,382 shares and it was done cutting a 50% break to warrant holders from March 2017 and July 2017 along with employee compensation at ONE CENT PER SHARE AND 1,543,844 shares in exchange for “consulting services”. I’m angry. Pinkie games. They told me they would reprice my warrants, they told the SEC but never reported which warrant holders to us the shareholders, the owners of the company. I believe this board should discuss this.Our float just jumped by 55,000,000 shares and I saw non thing from it. Did you? When the priced dropped below $.30 I began buying on the float and now own 400,000 shares at $.27 another 250,000 shares I bought in the January raise at $.40 and I’m sitting on 1.5 million warrants at $.60 which today look worthless. I know most of you are holding a smalller position but I took a gamble on JP’s moon shot and they F’d me after taking every penny they can get at a higher price but never offered me the break they did newer investors after promising they would.
Importanrt - Warrant reprice Perhaps they’ve changed their mind as to repricing our warrants. If so, I’m angry. My warrants date back to October 2016 and are good through October 2021 and priced at $.60 and date back to October 2016.After reading this most recent Q I found this, on page 15 under
Note 6 – Capital Transactions. In order to encourage the exercise of the 8,000,000 warrants issued to investors in the private offering of convertible notes dated March 2017 and the 28,804,000 warrants issued to investors in the private offering of convertible notes dated July 2017, the Company effected a temporary decrease in the exercise price of the warrants from $0.60 and $0.65, respectively, to $0.30 and $0.325 per share. As a result of the price reduction, the Company issued 12,332,750 shares of its common stock and received net proceeds of approximately $3.9 million. In connection with the induced exercise of the warrants, the Company recorded an inducement dividend of approximately $2.9 million.
So they cut a 50% break to the warrant holders from March 2017 and from July 2017 but those who were there in the beginning, far before these investors like me in October 2016, the ones who supplied the funds used to build out the first portion of the TECO building allowing us to FINALLY begin growing and reporting revenue, Nada, bupkis. You can expect the float to ballon by 12,332,750 shares due to these newly converted warants..
Additionally that same section; Note 6 – Capital Transactions
says; During the six months ended September 30, 2018, the Company received notice from convertible note holders of the conversion of notes having a total of $4,470,000 face value and $170,971 in accrued interest. Accordingly, the Company has issued 18,563,885 shares of its common stock based on a $0.25 per share conversion price. In connection with the conversions, $3,464,187 in unamortized discount on the related notes was recognized as interest expense and the Company has reduced the carrying amount of convertible notes payable by $1,005,813. That’s another 18,563,885 shares added to the float. Additionally that section states; The Company issued 1,543,844 shares in exchange for consulting services and recorded a related expense of $0.7 million. That would be NET1 and The Company issued 325,125 shares of its common stock in connection with the exercise of compensation warrants at $0.01 per share.ONE CENT.
The bottom line most important information to be taken from this Q is the float will balloon by 53,143,382 shares and it was done cutting a 50% break to warrant holders from March 2017 and July 2017 along with employee compensation at ONE CENT PER SHARE AND 1,543,844 shares in exchange for “consulting services”. I’m angry. Pinkie games. They told me they would reprice my warrants, the told the SEC but never reported which note holders to us the shareholders, the owners of the company. I believe this board should discuss this.Our float just jumped by 55,000,000 shares and I saw none of it. When the priced dropped below $.30 I began buying on the float and now own 400,000 shares at $.27 another 250,000 shares I bought in the January raise at $.40 and I’m sitting on 1.5 million warrants at $.60 which today look worthless. I know most of you are holding a smalller position but I took a gamble on JP’s moon shot and they F’d me after taking every penny they can get at a higher price but never offered me the break they did newer investors after promising they would.
Importanrt - Warrant reprice Perhaps they’ve changed their mind as to repricing our warrants. If so, I’m angry. My warrants date back to October 2016 and are good through October 2021 and priced at $.60 and date back to October 2016.After reading this most recent Q I found this, on page 15 under
Note 6 – Capital Transactions. In order to encourage the exercise of the 8,000,000 warrants issued to investors in the private offering of convertible notes dated March 2017 and the 28,804,000 warrants issued to investors in the private offering of convertible notes dated July 2017, the Company effected a temporary decrease in the exercise price of the warrants from $0.60 and $0.65, respectively, to $0.30 and $0.325 per share. As a result of the price reduction, the Company issued 12,332,750 shares of its common stock and received net proceeds of approximately $3.9 million. In connection with the induced exercise of the warrants, the Company recorded an inducement dividend of approximately $2.9 million.
So they cut a 50% break to the warrant holders from March 2017 and from July 2017 but those who were there in the beginning, far before these investors like me in October 2016, the ones who supplied the funds used to build out the first portion of the TECO building allowing us to FINALLY begin growing and reporting revenue, Nada, bupkis. You can expect the float to ballon by 12,332,750 shares due to these newly converted warants..
Additionally that same section; Note 6 – Capital Transactions
says; During the six months ended September 30, 2018, the Company received notice from convertible note holders of the conversion of notes having a total of $4,470,000 face value and $170,971 in accrued interest. Accordingly, the Company has issued 18,563,885 shares of its common stock based on a $0.25 per share conversion price. In connection with the conversions, $3,464,187 in unamortized discount on the related notes was recognized as interest expense and the Company has reduced the carrying amount of convertible notes payable by $1,005,813. That’s another 18,563,885 shares added to the float. Additionally that section states; The Company issued 1,543,844 shares in exchange for consulting services and recorded a related expense of $0.7 million. That would be NET1 and The Company issued 325,125 shares of its common stock in connection with the exercise of compensation warrants at $0.01 per share.ONE CENT.
The bottom line most important information to be taken from this Q is the float will balloon by 53,143,382 shares and it was done cutting a 50% break to warrant holders from March 2017 and July 2017 along with employee compensation at ONE CENT PER SHARE AND 1,543,844 shares in exchange for “consulting services”. I’m angry. Pinkie games. They told me they would reprice my warrants, the told the SEC but never reported which note holders to us the shareholders, the owners of the company. I believe this board should discuss this.Our float just jumped by 55,000,000 shares and I saw none of it. When the priced dropped below $.30 I began buying on the float and now own 400,000 shares at $.27 another 250,000 shares I bought in the January raise at $.40 and I’m sitting on 1.5 million warrants at $.60 which today look worthless. I know most of you are holding a smalller position but I took a gamble on JP’s moon shot and they F’d me after taking every penny they can get at a higher price but never offered me the break they did newer investors after promising they would.
It’s difficult to cull through everything however it began here;
GB Sciences, Inc. (GBLX)FORM 10-Q | Quarterly Report
Aug. 14, 2018 3:40 PM|About: GB Sciences, Inc. (GBLX)
ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds
During the three months ended June 30, 2018, the Company issued an aggregate of 17,434,636 shares of common stock, as follows:
? In order to encourage the exercise of the 8,000,000 warrants issued to investors in the private offering of convertible notes dated March 2017 and the 28,804,000 warrants issued to investors in the private offering of convertible notes dated July 2017, the Company effected a temporary decrease in the exercise price of the warrants from $0.60 and $0.65, respectively, to $0.30 and $0.325 per share. As a result of the price reduction, the Company issued 11,001,750 shares of its common stock and received net proceeds of approximately $3.5 million. In connection with the induced exercise of the warrants, the Company recorded an induced dividend of approximately $2.8
Call Damon Testaverde or Bill Hemming at Network1, they’ll have the current information as to the status of the reprising of the remaking warrants. I’ll continue looking for the SEC FILING in my spare time.
An uplist does not guarantee success. Look at the price of those 63 companies that up listed, ALL lower then at the time of the uplist, some so low they’ll be dropping back to the OTC. Just as my post said, in 38 years since 1980 there have only been 9 OTC tickers that became real profitable companies of the 100’s of thousands of OTC Companies why have only NINE ever become real companies trading on one of the big boards since 1980? Read the link at the bottom of the page.
THE ODDS ARE SO LOW, they’re .00001%
Meanwhile last year 20 billion dollars of Market Cap was lost on the OTC.
Our nine winners are
1) Monster Beverage - MNST
2) Pier 1 Imports - PIR
3) Concur Technologies - CNQR
4) General Growth Properties - GRP
5) True Religion - TRLG
6) American Axle & Manufacturing - AXL
7) BJ's Restaurants - BJRI
8) Quality Systems - QSII
9) Sirona Dental Systems - SIRO
Beverages, Restaurant Chains, a REIT with billions in holdings, an unique Axle company now used on most vehicles, A dental company, and you really think next is a CBD Company.
Facts, no uplist, no farm bill, no guaranteed $150.00 as Jefra himself predicted and a fraud fine and ban from public companies. A 50% drop in price from $9.00 to $4.40, were only $145.60 shy of that $150.00
Sorry, it doesn’t match up.
The chances are so low there hasn’t been one in over a decade and the article about it is FIVE YEARS OLD
https://m.benzinga.com/article/3014935?utm_referrer=https%3A%2F%2Fwww.google.com%2F&utm_source=https%3A%2F%2Fwww.google.com%2F
There was an announcement filed as an S-1 the warrants will be repriced as again the company requires a money raise to begin blowing our trim in Nevada into oil, the machinery is there I saw it with my own 2 eyes my last trip out. The upcoming TSX Venture Exchange Listing, The Oklahoma buildout, the completion of the Louisiana buildout. Our new license in _____________ (sorry, it’s been granted and an S-1 filed but not announced yet by the company) along with the continuation of having Teco built out fully running at 100% capacity and so much more. I don’t have the announcement S-1 in front of me but I’ll find it this weekend and post it. I have 1.5 million of those warrants so I’m confident it’s happening. Let me find the link and I’ll post it as well as send you a PM with it.
As long as it’s positive. Bought back in today, 5,000 shares at $4.05
The Hemp Whole Foods article came from Marihuana Moment? Paid Advert, read the disclaimer
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THAT’S a winning strategy. Particularly the NBEV, it has exactly what a day trader wants. Lots of volume, a difference between low and high of $1.00 or more. Congratulations, you’ll make bank with that one.
Still sounds like a pinkie forward looking statement, Could be, might be The Farm zbill will pass when it passes. The rest is conjecture. Even when it passes no guarantee of anything regarding Hemp. I’m pulling for it as hard as anyone. 3 companies want my 190 acres in Ky, if it passes with a Hemp positive included we’ll all be celebrating.
Define “many”. A dozen, a 100? I turned $250,000.00 plus 14 day trades between $4,000.00 and $12,000.00
Yes, I think a number of people cashed in. I think more held and wish they had and are waiting for another pump.
There is virtually no such thing as a long term “investment” in OTC stocks. If there were of the 100’s of thousands of OTC Companies why have only NINE ever become real companies trading on one of the big boards since 1980?
THE ODDS ARE SO LOW, they’re .00001%
Meanwhile last year 20 billion dollars of Market Cap was lost on the OTC.
Our nine winners are
1) Monster Beverage - MNST
2) Pier 1 Imports - PIR
3) Concur Technologies - CNQR
4) General Growth Properties - GRP
5) True Religion - TRLG
6) American Axle & Manufacturing - AXL
7) BJ's Restaurants - BJRI
8) Quality Systems - QSII
9) Sirona Dental Systems - SIRO
Beverages, Restaurant Chains, a REIT with billions in holdings, an unique Axle company now used on most vehicles, A dental company, and you really think next is a CBD Company.
Facts, no uplist, no farm bill, no guaranteed $150.00 as Jefra himself predicted and a fraud fine and ban from public companies. A 50% drop in price from $9.00 to $4.40, were only $145.60 shy of that $150.00
Sorry, it doesn’t match up.
The chances are so low there hasn’t been one in over a decade and the article about it is FIVE YEARS OLD
https://m.benzinga.com/article/3014935?utm_referrer=https%3A%2F%2Fwww.google.com%2F&utm_source=https%3A%2F%2Fwww.google.com%2F
Absolutely!
Sounds like a pinkie forward looking statement, “expects, hopes, anticipate", "plan", "predict", "may", "hope", "can", "will", "should", "expect", "intend", "is designed to" but no actual bill. I want one as bad as anyone. I have 3 companies that all want my 190 acres in Kentucky IF we get a positive farm bill. Plus it will lift the whole sector.
55 million warrants that they want to be exercised and they want the most they can get for them. They’re going to be repriced so don’t be surprised with positive news announced to settle the price steady in the $.35 to $.40 range. I have 1.5 million of them and when I can buy on the float at $.2211 they’re never going to get ANY $.60 warrant holders to excercise. I’m telling you give JP 6 months. I could use the 100k deduction I’m down as I made a small fortune in January selling my 1.5 mil shares at $1.03 and higher. But I’m not taking it, there’s too much in the works Louisiana, Hemp / CBD , CANADA, Oklahoma and others.
Ya, right, to MONA
Farm bill? Before the holidays? It’d be nice but doubtful
Patience pays. If you can’t wait for 2020 for a big win then the heats to hot in the kitchen. I believe within 3-6 months we’ll see gradual climbs.
The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
Make it 500 shares and 1,000 warrants. PM me
Make it 500 shares. Let’s have some fun while we wait to score.
Yes, there’s a story behind why it’s Bad Karma KYLE 250 shares to who can guess who BKK really is
With lots more to come. Both revenue and REAL SEC Edgar or (hint) Sedar Filings
More then one person here with a Pacer Acct.
Read it, it clearly says”IF you knew Andrew and HAD seen the private meetings behind closed doors with these pinkie scums (clearly not referring to anything seen with THIS PINKIE) you’d understand”. You worry about what YOU have a duty to report. I’ll worry about mine. If you don’t think I’ve reported what I’m obliged, ask Marc Blau, he’s the head of the SEC micro cap task force in L.A.
Example, Note 11 from today’s Q
Note 11 – Formation of GBS Global Biopharma
The Company plans to license some of Growblox Life Sciences LLC’s intellectual property to a newly created, wholly-owned Canadian entity, GBS Global Biopharma Inc. The entity was formed in the Province of Ontario during the quarter ended September 30, 2018 and does not currently hold any assets or have any activity to date. It is anticipated that GBS Global Biopharma Inc. will pursue clinical development of the intellectual property, including clinical trials.
Why would we open a Canadian branch?
Watch, wait and you’ll see why.