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Chit day thanks to all the typical flippers! The OTC cesspool sucks!
Longy, you're reading my mind!
Short sighted selling! Seems to be pull and tug on the L2'S. The trading dynamics of a Friday and selling into news and
Clay's charts (LOL!) are having their negative effects on the MOMO!
The irony is the situation last time it ran to .048; shareholders were waiting on the BOD to be announced, the new GRCU business plan, websites, etc. Now management has 1.5 years of experience, additional share reduction, new additions to BOD coming, additional products, new CBD supplier and/or products, and a new marketing partner. Point being, if there was value the last time it ran to .048/share then we can bet our arses that there is much more value this time around.
I'm in agreement with others. IMO much has transpired during the 3 months of silence. News can slip and the market is forward looking. There has been no pump and I feel Cruz is ready to release some decent milestones during the coming weeks. IMO huge news is near term including new supplier, updated BOD including new CEO and additional marketing news. Merger might take more time.
IMO Cruz will just file with the TA to have them removed. I haven't read any filings that posted they were issued.
Filing numbers are no surprise. Last years sales were based on test markets. Smart move IMO since this is a brand new industry. IMO sales were purposely slowed while marketing data was gathered for the future marketing firm, Monster. Rico Suave was test marketed as well under GRCU and then pulled. The licensing and development rights were transferred to GCI. IMO GCI will be selling those licensing and development rights to a larger energy drink company and then merging with GRCU.
The 40mm preferred shares are retired not converted!
eliminating certain classes of preferred stock, starting with Series G which accounts for up to 40,000,000 (forty million) shares of the company's common stock.
IMO the updated share structure and the 100,000,000 held by controlling entity GCI is part of the bigger plan to merge GCI and GRCU. Cruz wants a healthy share structure.
SHAREHOLDERS:GRCU IS THE REAL DEAL!
Reduction of the authorized indicates the lack of desire to dilute. As I imply in my yellow sticky, GCI private company will merger with GRCU and that is where the reduction in the OS will take place to qualify for an up list. If GCI can bring much value to GRCU by selling the Rico Suave licensing and development rights to a larger energy drink supplier then IMO those millions will merge into GRCU and supply the vehicle for additional value to GRCU shareholders. It's speculation but a merger has been announced albeit delayed and GCI was mentioned as the "controlling entity" of GRCU. Hold onto your hats during the coming months!
MERGER IS IMMINENT! JUST A MATTER OF WHEN! CRUZ WANTS UP LIST AND OUT OF THE CESSPOOL!
Didn't a very unknowledgeable shareholder call this a "stock selling scam"? WRONG!
Green Cures Announces Reduction of Authorized Shares
WINNETKA, CA / ACCESSWIRE / August 21, 2015 / Green Cures & Botanical Distribution Inc. (PINKSHEETS: GRCU) ("Green Cures"), a cannabis and industrial hemp products innovator, announced today the company has completed and filed a reduction in authorized common stock by 300,000,000 (three hundred million). In addition, the company announced that it has uploaded the second quarter financials for the period ended June 30 2015, to the OTC Markets Website.
Management of the company determined that it was in the best interest of the Corporation and its shareholders to amend and reduce the authorized common stock. Therefore, on August 20, 2015, the company filed an amendment with the state of Colorado to decrease the authorized capital stock of the Corporation from 2.5 billion shares of Common Stock to 2.2 billion shares of common stock.
Green Cures will continue to aggressively execute plans to improve balance sheets and the capital structure of the company. The goal is to bring stable growth and consistency to meet anticipated financial requirements of potential new investors, and potential joint venture partners. In doing so, Green Cures will continue taking steps to improve the share structure of the company, by eliminating certain classes of preferred stock, starting with Series G which accounts for up to 40,000,000 (forty million) shares of the company's common stock.
Romeo O. Cruz, the company's Interim CEO stated today "I am pleased to be taking these steps towards building a stable foundation for Green Cures and its shareholders." He went on to further state, "As we continue to make progress, I will update all shareholders with additional information as it becomes available."
Well said AC! "Proof of concept" indeed! I've been speaking to GRCU's test marketing throughout 2014 and early 2015. Phase 2 begins shortly!
Exactly! You were the "lone ranger" for weeks and I'm sure your doing well!
GRCU IS A FUTURE MERGER PLAY! GCI INTO GRCU!
I'll say it again, "the market is forward looking". Today's news is built into the latest move from .0005-.0021. Those with B's who do their DD and can read between the lines will profit because they won't be chasing. Those who chased when the PPS ran to .048 are still waiting to break even because they chased on speculation. Regardless of whether today's news was leaked weeks ago, anyone knowing that Cruz had not put out a PR in months could simply assume news was imminent and play the PPS accordingly. Anyone who knows how business works could estimate a 3 month lead time to a new supplier, additional management and new Green Cures products was around the corner. Notice the PPS has been timed with the quarterly report. Not because of the contents of the report but because Cruz is frugal. Why spend money on PR'S when he can combine much subject matter into one update. The unknown is always a risk but timing the risk to reward is part of the game and those with that trading and business experience will profit.
DJPB1984, I also wanted news of a "completion" vs "forward looking milestones". On the other hand and unlike most OTC companies; Cruz and GRCU have accomplished everything they have PR'D in the past. Milestones might have been delayed in the past but always proven to be implemented. All business' will have speed bumps. The true test is when management gets back up with lessons learned and pursues other avenues. I like today's PR!
Green Cures & Botanical Distribution issued 100,000,000 shares of the Company's restricted common stock to the controlling entity of the Company, Green Cures Inc.
Notice the private company "Green Cures Inc is the controlling entity of GRCU! That is the clue! I PREDICT A FUTURE MERGER AND SHARE REDUCTION WITH AN UP LIST! I said it before in the yellow sticky above and I'm sticking to my guns!
The lack of microcap business experience is showing! How many OTC business' or any private business turns a profit or has a positive cash flow within 1.5 years from startup?
I agree with the losses! The losses are written in black and white but you imply that it is out of the norm and all OTC companies should be turning profits or operating at a positive cash flow within 1.5 years in business which is ludicrous.
Show me your formula for OTC company value. Are you trying to scare off investors with some sort of EPS theory? LOL!
Was GRCU's Earnings Per Share .048/share in April of 2014? I will admit that answer is a resounding "NO"! but the PPS hit .048 regardless! Why has GRCU's PPS been as high as .048/share? Speculation? Why has the PPS rebounded from low of .0005 to a high of .002 in recent days? It's not based on earnings so what is it that drives an OTC company's PPS? Anyone investing down here is doing so on speculation and your arguments and other's arguments are mute!
Welcome back!
Why did the PPS soar to .048 on less than what GRCU has now? The PPS hit .048/share before the BOD was announced and before active websites and before any of the filings and before the promise of a merger, etc ? People imply the reasons for investing in an OTC stock is for a companies financial fundamentals; bad move if that is the real reason down here in the cesspool of investing. 99% of OTC companies have zero financial fundamentals. Yet GRCU'S financial fundamentals didn't exist when many took their first positions but only speculation. It's not GRCU'S fault shareholders didn't wait for a 0005/ share entry point. Those with B's can admit when they have made trading mistakes based on nothing but speculation of so-called imminent success. Then when the share price goes south it's everyone else's fault but not the individual shareholder's. The speculation is still there just like it was when the PPS was .048/share including a website selling products and a future merger and GCI assigned the Rico Suave licensing. Speculation means reading between the lines.
Don't you get a kick out of opinions implying .0005-.018 as "a failed pump". Funny stuff!
Woops! I mean't the post for Mr. Powers.
Have you spoken with Cruz again about this so-called pump? He seemed concerned about false rumors being spread or was he covering up progress for proprietary business reasons?
DJPB1984, It's still my opinion the only mistakes made by Cruz last year was losing the CEO'S. It was his money on the line so the CEO'S probably had zero say into it's use! It probably frustrated them and/or the PR'S announcing their departures is 100% truthful i.e. "they left to pursue other interests".
I still insist the CBD website and release of Rico Suave were test marketing strategies due to the nature of a brand new MMJ industry, maturing laws, and the need for marketing data.
The Rico Suave test market was short lived to collect data for the potential license and formula buyers. The CBD website was supplied with limited product to test market it's potential. These shareholders who have supposedly spoken with Cruz could be spreading false information and/or Cruz doesn't want to tell one caller the truth because the bigger picture has yet to play out. Why would he tell shareholders these were just test markets when the bigger picture is for GCI to assume the licensing of these websites and in turn assume a much higher "private company" value?" Then GCI merges with GRCU adding much shareholder value to GRCU! Cruz would be disclosing insider information!I am only speculating since I don't have insider information as well. Neither does any other member!
I also bought a case of Rico Suave a while back. I still have some and like you it reduces the coffee intake. I find I get a bigger jolt from Rico than I do from Red Bull! Tastes a bit better as well! I find it to be a great product as many other have. I don't think the licensing, development and short term marketing of Rico Suave was all for a quick dismissal.
IMO they test marketed it under GRCU but then assigned the licensing rights back to Green Cures Inc (private company).
Cruz is the majority shareholder of both GCI and GRCU. IMO GCI will sell those licensing rights and the formula to a larger energy drink company prior to the much PR'D merger. Depending on the amount of revenue generated from the sale of the licensing could bring much value into GRCU post merger!!!
Merger could be out a month or longer. The market is forward looking. News leaks, big mouths whisper, networking catches on, and before you know it the buys are coming in earlier than not because the smart traders/investors would rather not chase. Get ready for some selling into any news. I prefer news to take as long as necessary. I prefer the milestone/catalyst be 100% completed and verifiable and not some forward looking BS!
Last May 19th PR mentioned "merger on hold". Merger has been planned for months now. Silence for months now. Anything could be in the works and Cruz is no dummy. He maybe a bit tough to work with, hence two CEO'S coming and going; but IMO he will get it done.
I've been here since TTDZ days and when GRCU opened it's doors a short 1.5 years ago. IMO a merger and complete reorg is on the way! Read my yellow sticky above! No pump, just speculation! May or may not happen but it's definitely a possibility! Share reduction in the mix!
Whatever is causing this surge; BRING US TO PENNYLAND!
Huge bids at 23mm 18's!
Goodspeed, I agree with you! I am also of the mindset as you can read by my speculative posts "whatever it takes; healthy or not!" The charts needed much improvement to begin with and the dynamics behind it can be infinite in the markets. A good message from Cruz will offer up some justification for the recent activity. That message is overdue so IMO anytime within a month or two.
In the end it should all come out in the wash and translate into "a healthy recovery"! IMO there will be selling into the news!
It would be illegal but another way a CEO can recover losses is to provide incentives to a pumping crew. Then play the role of "I'm going to put an end to this immediately" when he receives these phone calls from shareholders. It's a conspiracy theory but anything can happen in the OTC. Though it is my opinion that this IS NOT the case here!
I believe there is a one year restriction. Being an insider he should file a Form 4. He might not be required to file the Form 4. Regardless I doubt he is going to take a loss of $80K+/- versus the need to wait for a much higher return. If he did sell then IMO he would reinvest his seed money and gains back into GCI and GRCU. His arrogance doesn't seem to reflect someone who likes failure.
Question of Cruz's attitude towards so-called pumps? GRCU has a CEO owning 23mm shares of GRCU stock at .005/share. We have this rumor from a so-called phone call stating "Cruz was aware of some pump going on and was going to squash it or said something like "he didn't like it"? That is BS in my opinion. If I'm underwater by .0045/share then I don't give a rat's behind how the PPS recovers! Especially if I've been unable to do it myself with progress and especially if I'm running a real estate business in parallel with a MJ/MMJ business.
As long as my .005's were recovering then why would I care how it's being accomplished? I would answer Cruz in the following;
If you don't want your company pumped then you have options:
1) Do a better job at growing the business and bringing in shareholder value, including your own! 2) Get the hell out of the OTC. 3) Sell the business and stick to real estate.
That said, it's my opinion Cruz doesn't give a rat's behind what happens on this forum or any other forum. The PPS is what it is at any given time and he realizes his need to focus on building the business which I believe he is working hard to do.
ATDF with 1.6mm 15's and NITE with 8.4mm 15's totals 9mm 15's.
GRCU had bids in the 22mm area over the past couple weeks. Bid volume has dropped not increased!
GRCU like all other companies requires patience! 3 months to acquire funding or to sell the Rico Suave licensing or to develop new products or source a new CBD supplier all takes much time.
Ask some of the larger companies if 3 months is a long time to secure contracts and business financing! Only in the OTC is 3 months a long time! I'm a Sr Mechanical Engineer with 37 years experience. I develop products for the DOD. Trust me; product design, prototype, sourcing fabricators, part fabrication, purchasing of COTS materials, tooling, sourcing manufacturing companies for assembly purposes, labeling, etc, etc all takes TIME! That's only the engineering/manufacturing end of it! I'm not speaking to the business end of it!