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I have heard from James there is record breaking revenues each and every quarter just to be misled time after time. Show me the AUDITED financials or I call BS. Too many related party deals going on between GRNH GALA and Biodynamics. Weird how they are all intertwined with officers and equity yet nowhere can you find the actual details of the arrangements. What is revenue and what is inter-company transfers? That's the million dollar question, literally. Record breaking dilution and executive pay is all I see in this for now.
I went from a few million shares early in year holding strong to a couple hundred thousand. I couldn't take the lies anymore. Talking to Haas one day I heard him contradict a prior comment he made about biodynamics. Press release after press release stated they are around 50 to 55 percent owner. He says on the phone it's actually 80. Then the guy Madden is CFO, CEO, and the janitorial staff of all these entities. Sounds a lot like DryShips on a much smaller scale. Everyones getting paid in shares and all these big deals keep people on the hook just long enough to fully dilute loyal shareholders. I wouldn't be shocked if there was a reverse split here just to bleed it back down.
No, he specifically said CEO. He detailed out his reasons and clarified the many failed business deals. This came after much push for more transparency from GRNH and accountability. We are still waiting on those items as well as audited financials. The dilution and lack of terms on these deals speaks volumes. Lots of potential here but also lots of potential to end up like DryShips ??
According to haas, he himself does all the sales and fields the inquiries.... They do not even have a admin to field calls yet they issue millions of shares for "services" each month. Lots of things to button up and I thought he was hiring a CEO and management team? Change of heart?
Fairly easy financials to find. Reading them might scare you a bit seeing as though this stock is making a select few insiders very wealthy whether the stock moves up or down. This is all done through dilution and issuing shares for "services" with no revenue to justify use of those services. Haas also got paid in the first quarter very substantially. He stated from what I recall that it was for starting the 420 stores but in no way shape or form would a knowledgeable CEO or accountant distribute this investment as executive compensation. Never would you be double and triple taxed Knowingly creating less earnings for shareholders. You hang it on the balance sheet as an other asset or better yet label it a shareholder loan or return of equity. Never run it through the P and L. What a dope move. For that reason I'm highly skeptical of Haas and his team. Especially when there is noted dilution occurring around every press release. I held over 3 million shares and bailed when the numbers didn't add up to a company making deals. Seems like a corporate shell just to live off investors with a carrot and stick type scheme. Lots of potential here if it is any part factual but I'll gladly wait til it drops back in the teens .013 range to buy at a way lower entry and not as large of risk investment again.
Just my 3 cents and to each their own. Educate yourselves on how to read the financials they cut through fluff press releases like a machete. Will you make money on investor sentiment and momentum sure. But long term you are playing with fire without knowing the true state of business and numbers. What are haas margins on these deals anyway. 35 million deals to lose 50 million? Give me a 7 million dollar deal where we make 2 all day. Big numbers make people think big profit. Not usually the case in a competitive environment. Happens all day everyday in business. Show me what your netting off deals and I'll back up the Brinks Truck.
Just not sure how you all can correlate the pps moving Downward monthly with just the political atmosphere. This is a slow deliberate bleed intentionally done by whomever to kill momentum in this security. Can anyone argue otherwise? Please give your opinions on why, when, and how this manipulation ends. The energy has been sapped out of this stock and unfortunately may not recover. Short of Haas curing cancer I'm not sure what moves this stock up. Audited financials would be a starting point for better or worse. At least then there's some clarity on whether this is a scam or just severely beaten down by manipulation. Probably a bit of both for now.
No the financials will tell if I am right or wrong. If this bleeds down to .02 then it becomes a calculated risk reward based off historical prices and levels. If you see my prior posts I was over 3 million shares strong early in the year. I only unloaded after being misled by the head honcho one too many times. Has Haas lied? Not necessarily but he's a salesman first and not a CEO. This company needs true leadership to let Haas be the visionary and dealmaker. There needs to be checks and balances if this is to have long term reward for shareholders. This will get manipulated until big money believes we have the right captain and there's no funky business with dilution.
That was retail selling on level 2 yesterday. Clear as day.
Agreed. There is something seriously wrong when deal after deal is announced and nothing comes of it. It appears from the outside looking in to be a way to dilute while holding a price level. What do I know but I see millions of shares per month go through as dilution and no revenues outside of a store selling lights in Anaheim. Just my 3 cents.
People are selling off due to the fact that the financials don't add up to the press releases. The only cash on hand is from dilution. How much of these 30 million dollar deals is profit? No track records of financials to make any of it matter. Any word from Haas what the real terms are in these deals? Never. How many times can you have a multi million dollar deal announced vanish with dilution. Every time theres a PR there is large blocks unloaded. Doesn't take a genius to see the only one getting paid is Haas. This is going to .017 as its on life support with volume for next 3 months. I've been hearing people say they have been buying up cheapies since 9 cents. You guys must own the float at this rate and are trying to goat each other into buying more ??. you wonder where the volume is when the shares are all in your account to begin with. This has a track record of no movement on a press release since October. Unless there is consitent 20 million volume days this won't move significantly as its too easily manipulated. 700k dumped midday today is a sure enough sign to wait for this to hit a penny.
GRNH back in the SALAMI to be announce by sleek... and an OTCQB Up listing and record revenue... could be perfect storm.
https://globenewswire.com/news-release/2017/03/31/947522/0/en/Greengro-Technologies-Signs-Purchase-Agreement-for-7-4-Million-Greenhouse-Transaction-and-Secures-Initial-600-000-Down-Payment.html
Sleek any thoughts. Level 2 is showing at minimum a 60 percent increase at open.
Not spamming your board. Just want to pay it forward for making me money with mjtk!
Hey Sleek since you like making money here's an old salami that just proved to be a golden goose. I hold mjtk but this has 1.00 all over it. Just my two cents glta.
https://globenewswire.com/news-release/2017/03/31/947522/0/en/Greengro-Technologies-Signs-Purchase-Agreement-for-7-4-Million-Greenhouse-Transaction-and-Secures-Initial-600-000-Down-Payment.html
Trash? Lmao up tripled my money from June to October. Doubled again in January. Now I'll be watching my account do exponential type movement up over next few weeks. FYI doubled my money in mjtk also. What do I know...
This deal should start showing revenues as well as big opportunities according to both parties by end of first quarter.
http://www.investopedia.com/news/greengro-executes-biodynamics-acquisition-grnh/?partner=YahooSA&yptr=yahoo
Market correction imminent.
Sessions confirmed today he will not and does not have the resources to go after marijuana. Business as usual. I expect a market correction to take place as he is assuring, although unwillingly, more and more states of his stance.
You'll see buys for 100k over the ask and then people selling 15 shares 4 percent below. Makes no sense and only something that, again, volume will cure. They are robbing peter to pay Paul with shares of people who can't see the underlying activity in L2. Patience here.
L2 is laughable. Purely MM making their money before they let it run. Every time I put a bid in for anything over 100k they raise the ask instantaneously. Until high volume day comes they will get away with it but when it does come look out... Very sensitive spread if you know how to read the activity on L2. Pressure will win here.
It's very thin after that. I see that as someone trying to keep this from rising temporarily whether they need to cover etc... I'm currently at 2 million with average in mid 6. I'd like to see how the day plays out as I think it's still being manipulated by shorts until volume hits.
Agreed Neo. Much upside here. There will be a correction upwards shortly no doubt!
http://mmjreporter.com/greengro-technologies-inc-otcmktsgrnh-fluctuates-in-stock-market-despite-promising-updates-2619.html
Mid sixes is a steal at this point. I should be back to 3 million shares by end of day tomorrow.
They are heading in the right direction. It takes heart to found something and let someone else run your vision, but its absolutely necessary to go from good to great. Haas is no dummy he's just not buttoned up therefore he needs to be a visionary and lead sales/business development. Smart play all around I like the future here and undervalued is an understatement.
Very good post.
Couldn't agree more. I've been asking for this for quite some time. Now this company can begin its ascent into better days.
If this finishes green I see a major move this week. I expect some clarity from a official press release will be available in the next day or so. Hold on tight!
You're right. Chart says everything. I'm up. Chart looks great. Good talk.
Send your shares over here I'll take them off your hands.
I'm adding. See you in a month when this is at 30 cents after revenues are released.. Seeing If I can get back to 3 million shares by end of day in high 5 low 6.
I will be trying to get my average down if it hits low 5 ill add 2 more million today. If not I'll sit tight as the mm's play with peoples emotions.
What a blessing. SHake that tree, now heading back up. MM"S are ruthless lmao.
Just grabbed over 1.3 million shares in high sixes. Back to .08 today. Not sure why people are selling but I'm buying.
Porky, also where it says struggle they are saying that since they thoroughly vet things to be on up and up not all deals have met their standards in this wild west of mj. Another positive take away probably worded poorly by Haas but nonetheless shows they care about the future. I will be prepared to buy tomorrow but I think I will not get filled in the sevens much longer as this moves up quick. Grnh $$$$$$
I'll be adding tomorrow at this level and I expect to double it by April with the record revenues here. I'd read the post again if I were you but you can simply transfer your shares to me for.07 I'll take a million if you got it.
1st thing we agree on. Know your strengths and weaknesses. Great news today I'm very happy to hear the transparency taking place. Sky is limit now.
Love it. Discount pps. Look how similar Canadian companies skyrocketed once government clarification was released. Aurora only had a few million in revenue and incredible value still. Grnh is a steal at these levels. Trump will not hurt mmj. Grnh positions itself nicely and with a top caliber ceo this thing will be smooth sailing.
I'm pretty sure I raised all these issues. I'm happy with the answers. I doubled my money on way up. Made 30 percent gain on my short nearly in 2 weeks. Now I'm up from.low 7. I'm buying as I believe deals are closing and guidance from fed government puts this at 30 cents. Strong financials maybe higher. I'm good.
There's no volume there for that to be a play for me at least. No serious money going there whatsoever. To each their own. I'm liking this update. Keywords are they are rapidly growing and they are actively in the medical marijuana business. I see green. Answered all my wishlist on a clear vision of a new leader that's qualified and transparency.
Rapid growth. Expansion. Seasoned CEO. Positive news. Grnh $$$$$$$$
Thoughts?