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Everything has an explanation. I must be one of the idiots who think it is normal for the quote to stay where it is, and that is willing to continue buying.
If you delve into the last 10 K form published by the company you will see that when qualified as an emerging company they are not obliged to issue accounting information for the last two years, this dispensation ends in December of this year (5 years in total) and from then on they have to do so.
On the one hand we have Shi farms doing things right, if you follow them in the networks you will see that they are an enthusiastic team with the project. Preparing for this year 2019, new wider harvest, processing plant and who knows what else.
The money machine is running.
And on the other hand we have the parent company Notis Global with everything it drags.
In the last 10 K they tell us (pag.8):
"The Company may also be obligated to issue an additional 114,889,067,758 shares of common stock including shares of common stock issuable upon exercise of options and warrants and excluding shares of common stock issuable upon conversion of convertible notes There is no assurance that the Company will ever have enough authorized shares of common stock to honor the exercise and conversion requests of its options and warrants."
This alone scares any investor who is not familiar with the history of this company.
But on p. 41 we see this:
The Company had the following common stock equivalents at December 31, 2016 and 2015: December 31, 2016 December 31, 2015
Warrants 69,757,748 40,870,000
Convertible notes - r. party 10,500,000 -
Convertible notes 114,808,810,010 6,820,000
Totals 114,889,067,758 47,690,000
But at the end of the document we already see that there is a refinancing contract until May of this year to pay part of the debt. And now they have money because they have had a harvest and they are selling the CBD.
A few years ago, the company's activity was stopped pending a judicial resolution that could affect its continuity. In the end, the initial managers were blamed (Vicent Mehdizadeh and others) and it was ruled that the company was not responsible.
During that time the managers, Goh and Pyatt, were dedicated to their private businesses also related to cannabis. Businesses that wanted to sell to Notis Global once the court ruling came out and it was ruled that the company could continue its activity.
But someone in the company did not like this as is logical. Important point this because if this is crap as many say, who cares what is done or not done?
Goh and Pyatt are forced to resign. And from here is where another stage begins and of which there is not much publicity.
-They come in contact with Trava and Steven Turetsky, there are money loans, the farm is rented ...
-The address is changed to New Jersey to the same of an investment group, AEON.
-Notis publishes that a financing agreement is reached with AEON to harvest on the Colorado farm.
-Shi farms appears.
It's a bit of history to know where we are now.
-The debt is being paid and the company has money and more that it will have with the new harvest, agreements with farmers, agreements with other companies, etc. So I deduce that they will not need to issue as many shares as they say.
- What they surely have to issue is the following:
- 3,7 billions for Ned Siegel (chairman)
- 1% of the total outstanding Company’s common stock when the Company increases its authorized common stock, for 5 persons 4 directors and the chairman.
-In the last 8 K we see: " we shall issue to AEON that number of our shares as is then equivalent to $100,000 (the “Shares”). The number of Shares shall be based upon the 10-business day trailing VWAP of our common stock as of the date on which we may first issue the Shares."
When the company receives funding from Aeon it is with shit in its neck. Aeon is willing to put money ($ 1 million) but in exchange they want her piece of the pie and that part will depend on the price of the quotation.
On the other hand, although the cultivation of hemp has been legalized, Notis is interested in having good relations with its financier (who on the other hand has been the one who saved it at the last moment).
-If they have to issue more shares for debt, we'll see. For the moment they are paying and there will be no money problem.
It is very difficult to understand why Aeon is going to put money in this matter if they know that for the 100,000.- dollars they will receive a small handful of shares of the company and that in addition Notis has to issue that huge amount os shares (114 billions)-.
I think that Siegel and the others are not interested in having to issue 114 thousand million shares, their participation would be diluted a lot.
-I think all of them are not interested in Notis quoting very high right now.
In May the debt payment contract expires, they start with the new harvest, we probably have news of the processing plant in Colorado and the agreement in New York with another company (possible Canbiola), we have an interesting 2019 ahead. We will see.
It is time to have patience, and if we are idiots or not time will tell.
come on let's go cheer up!!!!!
https://walletinvestor.com/stock-forecast/ngbl-stock-prediction
These people give a goal too high, but let's see if we reach half at least.
(A little humor is good)
Greetings to all!!!
I agree with you on this, in fact it has been necessary for Notis to confirm in a 10 K form that Shi farms is EWSD, something that not everyone believed until now.
Now the question is why.
I have already written what I think, and I am convinced of that. If I am sincere I hope that the quote will continue between 0.0001 and 0.0002 some more time. I'll try to accumulate some more.
I still think that the last agreement with AEON is the key. For AEON the most important thing is not that they give back the money and the interests, the most important thing is that they give them 100,000.- dollars in shares of the company, this at the minimum price is 10% of the cake. That's why I said a few days ago that we would have news but that they could not paint everything too beautiful. If AEON were sure that Notis has to issue 115 Billion shares they would not have bothered to enter into this matter.
They know that a lot of cash can be generated, they can perfectly expand the cultivation area, and only the farm has 300 acres, they have to lead a cooperative project and process the hemp, they are already acquiring machinery for it. And probably the possible agreement they are talking about will be with Canbiola, we will be one of their CBD providers, it does not make sense for Cambiola to put on its website a reference to the CBD development process of Shi Farms if they consider it a competitor.
They are looking for their niche in the market, they process the hemp they grow and the one that the farmers give them and sell to the retail and to companies that elaborate derivative products.
They have to issue shares but I do not think they reach 115 billions. With all the cash they are able to generate there will be some way to pay all the debt they carry.
And of course in the future they can do all the buybacks they want.
Well, they do not tell us anything that we do not know, except that Shi farms is a project of the company and that they have some ace up its sleeve as FTR says.
They accept this rule to not give more information:
"We may take advantage of these provisions for up to five years or such earlier time that we no longer qualify as an emerging growth company. We would cease to be an emerging growth company if we have more than $1.07 billion in annual revenue, have more than $700 million in market value of our capital stock held by non-affiliates or issue more than $1.0 billion of non-convertible debt over a three-year period. We may choose to take advantage of some but not all of these reduced reporting burdens. For example, we intend to take advantage of the reduced reporting requirements with respect to disclosure regarding our executive compensation arrangements, have presented only two years of audited financial statements and only two years of related “Management’s Discussion and Analysis of Financial Condition and Results of Operations” disclosure in this prospectus, and have taken advantage of the exemption from auditor attestation on the effectiveness of our internal control over financial reporting. To the extent that we take advantage of these reduced reporting burdens, the information that we provide stockholders may be different than you might obtain from other public companies in which you hold equity interests.
In addition, under the JOBS Act, emerging growth companies can delay adopting new or revised accounting standards until such time as those standards apply to private companies. We have elected to avail ourselves of this exemption from new or revised accounting standards and, therefore, we will not be subject to the same new or revised accounting standards as other public companies that are not emerging growth companies."
It is one more step and very important.
Now the most important thing is to see how many shares will be issued if authorized by the SEC.
But the exciting thing is to see that they have an interesting business in hand
Happy New Year to everyone!!!!!
We have new publication of Shi farms on Instagram, great plants!
https://www.instagram.com/p/Br-zqauB46L/
Look who also likes plants : tom.gallo.62 Awesome
It seems to match this person (Director at Notis Global):
https://www.reuters.com/finance/stocks/company-officers/NGBL.PQ
Mr. Thomas A. Gallo is Director of the Company. He founded the Strategic Advisory Group (“SAG”) at Corinthian Partners L.L.C., a boutique investment bank headquartered in New York City in 2014. Working within the investment banking department, SAG provided capital formation advice, as well as raised capital for SAG’s client companies. In May, 2017, SAG and he joined the investment bank and brokerage firm, Spartan Capital Securities, LLC, located in the Wall Street area of New York City. In June 2015, SAG and he joined Newbridge Securities Corporation, an independent broker dealer and investment bank, where he currently serves as Senior Managing Director. Mr. Gallo, a FINRA-licensed professional, focuses on providing strategic, capital markets, and financial advice to micro-cap public and private companies. From July 2016 to April 2017, Tom served as a Director of Viatar CTC Solutions Inc., a Lowell Massachusetts-based medical technology company. From 2010 t 2014, he worked with a select group of high net worth investors as their Investment Advisor, as well as commencing to work with public companies as a Strategic Advisor and Investment Banker at GSS Capital. Mr. Gallo earned a B.S. in Business Management & Marketing from Fordham University College of Business Administration in 1983. The Company believes that Tom’s 25 years’ of Wall Street-based experience will provide a capital markets benefit to the Company, its stockholders, and the Board of Directors.
Another coincidence,..... He,He,He….
https://rhizosciences.com/cbd-hemp-genetics/
https://rhizosciences.com/cbd-pricing/
213 acres x 20 Kg/ acre x 8.000 $(wholesale Price) = 34 MMs. dollars.
213 acres x 50 Kg/ acre x 8.000 $ = 85 MMs. dollars.
And the company is worth just 2 MMs. dollars.
We are not assessing the potential it has, only what they can now produce and the possible harvest they already have.
They have enough to pay debts and catch up with everything they have pending.
10 trillion shares.
We know that they still have to issue more.
But a current market value of just 2 million dollars.
A harvest that can be used to pay off debts and prepare new crops by expanding the cultivable area.
And most important once anyone can grow hemp, try to lead a project in which the producers sell them the hemp grown according to their quality standards, produce the CBD and sell it both wholesale and retail.
I have been following this company since 2013 when I was Medbox, I receive all the forms by email (8K 10K ...) and I am aware of the delicate situation. I do not need to read the summaries that some do.
This sector will expand tremendously and if these kids know how to position themselves as I think they are doing we are going to laugh a lot.
One dollar per share is crazy but we could be facing a 100 or 200 bagger, who knows if more? time will tell.
At the moment we need them to catch up with the SEC, issue the shares for AEON and continue with this exciting project that is Shi farms. And do not forget that Shi farms is EWSD, Notis can try to cover more fields depends on how ambitious they want to be.
MERRY CHRISTMAS AND HAPPY NEW YEAR!!!!!
"We also agreed that, at such time as we become legally permitted under federal and state securities laws to issue shares of our common stock, we shall issue to AEON that number of our shares as is then equivalent to $100,000 (the “Shares”). The number of Shares shall be based upon the 10-business day trailing VWAP of our common stock as of the date on which we may first issue the Shares. Lastly, we also granted to AEON a five-year right of first negotiation (the “First Right”) in the event that we seek to obtain additional financing (whether debt, equity, or otherwise) in connection with future crops (including growing, harvesting, processing, extraction, and marketing thereof)."
One good thing and one not so much.
In this text taken from the last 8 K, we see that the new funder (Aeon) wants a piece of the pie (100,000.- $ in shares).
The good part of the matter is that Aeon wants the company's stocks. Because of this and the fact that Goh and Piatt left and did not let them do what they wanted, that's why I think this is not the shit that many of us want to see.
The not so good part is the price at which Aeon is going to assign the shares. It is clear that they are not interested in the price of the stock going up.
In order for Notis to issue shares, it will first have to update the forms required by the SEC. That does not mean they are going to say that the business is going very well, it is normal they say that everything is very bad.
Once Aeon has his Notis shares this will take off. Maybe that's why the current secrecy about Shi farms and its activity (this is where some of us see that this could be a bomb, but they do not want it to be related)
All this is going well for the one who has been accumulating for some time and who has to receive shares.
It's only a reflexión....
Some curiosities!!
"This report is updated bi-weekly and contains all industrial hemp registrants with an active status. The mailing address may or may not be in the county of the grow site."
Page 41, EWSD I LLc appears.
https://www.colorado.gov/pacific/sites/default/files/atoms/files/All%20Active%20Registrants%20By%20County%2003132017.pdf
This document shows the current address change.
https://www.sos.state.co.us/biz/ViewImage.do?masterFileId=20151623491&fileId=20171648165
And on this website look at the "OFFICE LOCATION" section, and the name that appears in the location within the map.
https://opengovus.com/colorado-business/20151623491
Those who have loaned the money for the last harvest.
The only thing that is two years ago is the EWSD video. I have not posted any news, what is clear is that we draw different conclusions from the same text.
1.- Effective as of March 12, 2018, The AEON Group, LLC, a Delaware limited liability company (“AEON”), EWSD I, LLC, a wholly-owned subsidiary of ours (“EWSD”)
2.-We intend to use the Investment to grow and harvest 100 acres of industrial hemp at our operations in Pueblo, Colorado (our “Pueblo Farm”), from March 1, 2018 through November 30, 2019 (our “2018-2019 Crop
3.-Assuming Trava exercised each option, it also had the right, but not the obligation, under certain circumstance to purchase the Pueblo Farm operation from us at the expiration of the fifth year.
As a result of the Termination Agreement, the contingent purchase option has been terminated in full
On the Shi farms website you can not access the cultivation license, there is an error, I have seen it and it is in the name of EWSD I. But google "shi farms hemp license" and it will give you this:
CDOA Hemp License – Shi Farms
https://shifarms.com/pages/cdoa-hemp-license/
Department of Agriculture license for EWSD I LLC dba Shi Farms - 2018.
This is the product analysis certificate "EWSD ISOLATE 1",
prepared for: SHI FARMS 214 29th Lane
EWSD ISOLATE-1
Pueblo, CO 90071
https://www.ashempco.com/wp-content/uploads/2018/09/SHI-FARMS-EWSD-ISOLATE-3.20.pdf
ABOUT US
Steven Turetsky - Managing Director
Steve is a cannabis industry veteran and brings 5 years of industry-specific knowledge and study to Shi Farms. Steve directs Shi Farms sales, financials and business development.
Mark Marsh - Director of Agriculture
Mark Marsh joined Shi Farms in 2016
It does not seem strange to you that Mark joined Shi farms in 2016 (two years ago) when Shi farms did not appear anywhere.
The only sure thing here is that information is missing. I just try to investigate and my theory is that someone is interested in not having more information at the moment. But I still think that Shi farms is part of Notis Global and that there is a new relationship with Steven Turetsky.
This video is from 2016.
I also believe that shi farms is a commercial name of Ewsd, subsidiary of notis.
I have studied your post of the number of plants on the farms. Are somewhat exaggerated, but I will be very cautious in what I am going to say:
200 acres are 85 hectares in Europe, one hectare is 10,000.- square meters and we can say perfectly that in each meter there can be a plant.
that gives us 85 x 10,000 about 850,000.- plants.
You suppose a yield to each plant of 1000 to 2000 dollars, I am going to be very cautious again, we are going to put only 100 dollars to each plant of yield.
We have a company that on Friday closed with a market value of just 2 million dollars and that has a production to sell of close to 100 million, being very cautious in the numbers.
The company has money to pay lenders, pay auditors and catch up with the Sec, prepare the new crop and expand the arable area.
And very important is the cooperative project that they want to lead especially if the new farm bill goes ahead.
They put Goth and Piatt out because someone had an alternative project and I think we are seeing the result. They have been accumulating stocks, as you say, hoping to update balances. It is very likely that we will have news soon, I hope good.
(I apologize for any mistakes in the writing, I'm using google translator)
2 STATES - 3 FARMS - 225 ACRES - VERTICALLY INTEGRATED FROM PLANT TO PRODUCT
Being Sustainable is not just about green initiatives, it's also about sustainable businesses practices. In addition to providing needed agricultural jobs in the Pueblo region, Shi has launched its Shi Cooperative program to help farmers around the country cultivate hemp. We want to be a stewards of the Hemp Industry for a long time and educating and assisting farmers is a good first step.
In 2018, we launched our first out-of-state Co-Op in New York. With a successful pilot under our belt, we plan to continue scaling acreage on the east coast.
can anybody enter in the web of shi farms?, they have updated it.
For me this question is very important, if Aeon puts money here is because they know something that we do not yet. And something that intrigues me is that Notis change its headquarters to the same address as Aeon in New Jersey.
Effective as of March 12, 2018, The AEON Group, LLC, a Delaware limited liability company (“AEON”), EWSD I, LLC, a wholly-owned subsidiary of ours (“EWSD”)
About Us
Shi Farms (EWSD I, LLC) is a licensed Hemp Cultivation Operation by CODOA, proudly located in Pueblo, Colorado. Creating sustainable hemp products!
I dont tink so.
I was investigating him time ago, I believe he is a pharmacist from Massachusets. With two child.
A few days ago I found this on facebook page of Steven Turetsky:
Steven Turetsky
March 21
"Employment Opportunity: Seeking farm management professionals or farm laborers in North Jersey/Hudson Valley, NY Region. Launching a Hemp Farm in a few months and trying to build out a solid team."
Seeing in Google maps the area is close to the offices of Notis Global and Massachusetts, right in the middle.
Perhaps are the 100 acres that Notis want to grow with hemp with the money that Aeon Group has lent them?
Your post is the first part in quotation marks. The rest is mine. I want to say that when I read you I was surprised that the new address coincides with the one Aeon Group has and now I read that they are putting money.
This business of Hemp is incipient. There is a long way to go and if these people from Aeon group are willing to risk their money it is a good sign. It is true that there is a lot of shit to clean but it can be a good start.
The same thing happened to me when Goh and Piatt left, if nobody cared about the company they had been left to do, instead there were some shareholders who did not allow it. At least someone has an alternative project underway and what we see with investors behind.
There are many other companies in this field worldwide to invest more safely, but at the level that is listed by Notis, if things go well, the jump in the price of the share can be tremendous. Especially if the sector heats up with news.
Anyway, I keep saying it is a risky bet.
(I'm using google translate to write, excuse me if I do not express myself correctly, unless I hope you get the idea)
This post is from Penknee on 08/27/17
"The new corporate address for Notis is:
1715 Highway 35 North, Suite 101 Middletown, NJ 07748
That address is linked to an investment firm called Aeon Group, formerly Alethia. It's run by Alan D Lewis II.
http://aeon.fund
Alan's LinkedIn
https://www.linkedin.com/in/alanlewisii/?trk=public-profile-join-page
Aeon also has an office in San Francisco. They claim to invest in a "down round," and from what I can tell so far, they do not invest in crappy pennies, it looks like pre ipo only. Alan seems to be a good guy, which Notis definitely needs right now. Why are they moving their address here? Who knows? They were not paying the rent at the last two offices and one was virtual office, and most of their business is in Colorado, so hopefully we get updated soon."
It was after the departure of Goh and the closing of the Website.
The company changed the address to the same as Aeon Group.
Remember that Goh and Piatt left because some shareholders did not agree with what they wanted to do, sell their particular business to the company, really something strange. At that time I thought that if they were not allowed to do that, it is because there were still shareholders interested in doing something better for the company.
Perhaps all this is bullshit and in the end we lose the money invested here.
But now we have a company that grows Hemp, produces CBD and also read in this last 8 K that has an inverter arm behind.
Run tailwinds for the Hemp industry, if this goes well and Aeon is still committed to the company (especially if they become new shareholders), this can be interesting.
These people of Aeon Group seem to know what they do, in principle it is $ 1,000,000, but if they see money enter it does not seem to be difficult to expand the cultivable area, also Notis has experience in other fields.
Let's see what destiny holds.
0.0003?
Notis is again en OTC PINK (pink current information)
http://www.otcmarkets.com/stock/NGBL/quote
Facebook page of this company does not appear, does anyone know anything?
SEC Filing Alert
NT 10-K: Notice under Rule 12b25 of inability to timely file all or part of a Form 10-K, 10-KSB, or 10-KT
State below in reasonable detail the reasons why the Form 10-K, 20-F, 11-K, Form 10-Q, 10-D, N-SAR, N-CSR, or the transition report or
portion thereof could not be filed within the prescribed time period. (Attach extra sheets if needed)
Due to certain financial constraints under which the Company has been operating, it has not yet concluded the preparation of its financial
statements for the fiscal year ended December 31, 2016, such that its independent registered public accounting firm could conclude its
audit procedures as of the 90-day post-fiscal year end filing date for the Company’s Annual Report on Form 10-K. Further, once the
Company concludes the preparation of its annual financial statements, it will require additional time for the preparation of the related
Management’s Discussion and Analysis for inclusion in the December 31, 2016 10-K.
Watch it however you want.
For me have been more than six months without presenting information and therefore have passed the new segment of the OTC.
"If a company has not filed financial reports within the last 6 months, they will now be moved to the Pink No Information category."
No 4 months I think that more than 6 months.
Notice: As of March 9, 2017, periodic 8-K/6-K filings made through the SEC’s EDGAR system will no longer be considered sufficient to qualify for the Pink Limited Information category. If a company has not filed financial reports within the last 6 months, they will now be moved to the Pink No Information category.
227 companies have been downgraded to Pink No Information as a direct result of this change to our disclosure standards.
Yes of course, I know it.
From today the cia is in the "OTC Pink stop information".
No Information
Indicates companies do not provide disclosure. Publicly traded companies that do not provide information to investors should be carefully researched before making any investment decisión
How to Remove the Stop Sign
A company may provide disclosure through a selected U.S. regulatory agency (such as the SEC or a Banking regulator), a qualified foreign stock exchange, or through the Alternative Reporting Standard by making filings publicly available through the OTC Disclosure & News Service pursuant to the Pink Basic Disclosure Guidelines
I follow the evolution of this company for 4 or 5 years.
What I want to say is that the new team has nothing to do with the old one.
I receive all the filings by email and I am aware of all the news.
I believe that responsibility for the facts should lie with the former managers, Goh made new accounts for the years 2012 to 2014.
I believe that if the company can continue with the activity once the Sec issue is resolved, there will be investors who are willing to put money.
In fact I think some should be waiting for everything to be resolved.
I know it's a risky proposition, that the company is now worthless, that there is no news, but the idea of planting hemp, getting CBD oil and selling it is good.
They just need someone who believes in it, perhaps a company of other country that wants to enter in the american markets using what Notis have.
I repeat that is very very risky investment so very few money here.
Regards
Probably from now on we will begin to have more news of the activity of the company. This was something expected and once finalized maybe there are investors interested in the company and its new business. Notis and Medbox have different businesses. At least I hope so
This appears in the page of fb of Notis:
"Notis Global, Inc (OTC:NGBL) Based in Los Angeles, Notis Global is a pioneer in the burgeoning, multi-billion dollar legal hemp industry. The Company and its partners are working to grow confidence and generate revenues in the hemp industry. Through our key partnership with Folium Biosciences, one of the largest hemp operations in the U.S., Notis is a leading provider and distributor of cannabidiol (CBD)"
KEY PARTNER FOLIUM BIOSCIENCES....
I have it clear
"White and bottled"
(The same person publishing the same on both facebook pages)
It is a sign of God ( or Goh? )
Something is cooking.
Canopy has about 500,000 square feet of licensed marijuana.
Notis has 485 acres in Colorado.
I´m sure, It seems something very interesting.
https://www.facebook.com/notisglobal/?fref=ts