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.
That misinformation alone is enough reason to sue.
ANYONE with standing can initiate a suit. They should have played this game better lol.
Curious, you don't think PCG should be held liable? Very strange indeed ...
"what would be the deliverable?"
Controlling interest to the wronged shareholders via redistribution of Bo's shares; and PCG's operational farm, including all transferable assets and rights.
Good for starters? Small price for fraud.
Would you be opposed to this?
Also, if this happens quickly enough, there could be an injunction placed on the property, the current crop - if that property is wasted or "disappeared" without a detailed accounting pending litigation there would be more hell to pay.
Cool story. Fortunately there have been enough PR releases to support a contract among other evidence already discussed.
Wait ... wait ... wait ... are you saying if a contract isn't produced then a judge cant deem evidence of a contract to be admissible ... or is it now being claimed that it just never existed? Is the four corners doctrine being referenced? Do securities laws not play a factor in how a contract or lack thereof, or how an "exit clause" will be interpreted? Bwahahaha ...
We are beyond the issue whether a contract existed. We are on the subject of the validity of the exit clause vs. shareholder rights and how the status of KGET and PCG were represented by both KGET and PCG.
As Bo and Josh will soon learn, shareholders have rights. This legal cannabis industry is not an industry where you pull this stuff in. It has extra degree of scrutiny that goes beyond wood pellets.
IMO this is going to be a threshold cannabis securities case and I predict the shareholders are going to have some damn fine legal representation on this one.
So, lol, Bo would vote for a suit where he is under scrutiny? And the law provides no recourse beyond that?
Do better, please.
No need to consult a lawyer on this matter since there is no grounds? Should I take your opinion as expert legal advice since I am confused as to whether it is being offered as such :) ? A simple yes or no will do the trick.
I think I'll take a LEGAL EXPERT whom I consult over that opinion and not uncredentialed forum posts.
Well if that's the case, a company need only get a subsidiary with an exit clause to hide assets they don't want touched in a legal claim right?
Absurd and inaccurate analysis. That isn't how our legal system works.
Shareholders rights to sue for damages do not end merely with the company that they hold shares in. Shareholders can compel a suit where the CEO lacks the spine to sue his "gym buddy." That is what's going to happen here.
IMO, you don't know who called who or who proposed what.
"what part of that don't you get"
The part where PCG was providing KGET with progress updates including drone photos. In addition to the part where at no time did Josh Clark refute PCGs subsidiary status up until he executed the so called "exit clause."
The "exit clause" probably will be found to be invalid because it was not disclosed in the light this was presented, as a binding agreement. An "executed contract" would not have an at-will exit clause when dealing with a publicly traded company when there was no presentation of a cancelable contract.
Fortunately there is a nice and long multimedia trail of evidence on this and I doubt that Bo nor his buddy Clark are going to want the scrutiny that will follow.
KGET shareholders DO HAVE STANDING TO PURSUE LEGAL ACTION AGAINST parties that have wronged them whether or not others may agree. It's a question for the judge and jury, not you.
So, what part of that don't you get?
Actually Beerholder, as a KGET shareholder I view what PCG did as a bait and switch and I feel a proper punishment for them will be to forfeit their operation to wronged KGET shareholders and ensure that Josh Clark will never be allowed to receive a permit for legal cannabis again in the US on ethical grounds. I don't think I or other shareholders are out of line with these demands and there are plenty of lawyers who are going to want this case :) . One way or another, this is going to see civil and administrative action.
Fortunately, legal cannabis usually has high standards for both being issued an retaining permits. It's a shame Mr. Clark decided he was going to end his business ventures so soon in this regard.
Wow. So, it is being claimed that two parties can simply "wish away" shareholder rights? That is INCREDIBLY inaccurate.
"Common Shareholders' Six Main Rights
•Voting Power on Major Issues. ...
•Ownership in a Portion of the Company. ...
•The Right to Transfer Ownership. ...
•An Entitlement to Dividends. ...
•Opportunity to Inspect Corporate Books and Records. ...
•The Right to Sue for Wrongful Acts. [emphasis added]
Knowing Your Rights As A Shareholder - Investopedia
www.investopedia.com/articles/01/050201.asp"
That is not accurate.
Shareholders still would have standing. Unless it is being suggested shareholders don't have legal standing or rights?
Now -that- volume and the accumulation pattern is a bit weird.
Ciao for now. Going to see how this plays out. Something is way off here.
I thought the bid was closer to 600m ... which means there was a hell of a lot more buying in after the full bid fill.
Could be because watch lists triggered on the volume. Could be -something- else.
As I said before, there is something -way- off here beyond the obvious news on the PCG website.
An injunction to freeze the status of the assets should get things rolling nicely for KGET pending a final outcome.
In fact, failure to file such a suit could be argued as a breach of duty against Bo.
This should get ugly really quick, which at current status is bad for PCG and good for KGET ... and also bad for them both in most ways.
They should have stayed the course. Nothing gets nastier than when shareholders are involved. Stupidity awards for Bo and Josh Clark pending. It's like parents arguing and forgetting that the State has a right to protect the kiddies.
OK ... so no contract and now there is?! All in the span of a couple of posts?
Will the next bit of information that follows be a certainty of whether a contract was actually breached or are we going to skip that whole process and go straight to a verdict?
Or maybe Josh Clark decided to take his pail and shovel and try to go home ahead of the first harvest and CA recreational implementation?
Absurd.
Mark my words, Clark and PCG will not survive this strategy decision if he carries through with it. He will never get another permit again.
Something seems a bit -odd- here. I think I'm going to bet a *little* bit that there is something brewing here beyond the bad news on the PCG website. At BEST, that news indicates a legal battle is ahead if Bo has the brains to get on this immediately and if Clark decides its a bad idea to go scorched earth. Time will tell. From a legal perspective, this is pretty interesting.
*sigh*
without flagging your post as a personal attack, I'll restate my previous point in a slightly different way.
It will be relatively easy to demonstrate that Clark knew that Bo / KGET had been holding PCG up as a 51% owned subsidiary. Argue that point if you want, but it will be easy to demonstrate unless he is going to claim Bo stole all the progress photos of the farm, including the drone photos, much less the press releases that quoted Clark.
Why I am "gunning for" PCG is pretty straightforward. Clark knew that shareholders were buying in based on the progress of PCG. We have heard no news from Cipriano. NONE. Pacific, on the other hand, seems complicit in a pump and is now attempting to pull out for an unknown quantity of $ / terms. Was Bo supposed to chip in 100k and only did 80/85k? We'll see. Unfortunately for Clark and friends, the exact nature of the dispute WILL come out in a class action lawsuit if they don't find a way to resolve this. Those results will then be monitored by the County who oversees the permit. Again, this was a bad move on Clark's part and it will backfire on him one way or another.
If it was just between Bo/KGET and PCG, that would simplify things. The shareholders are going to make this messy.
Please provide a source that states, "There was never any contract." I would love to see it.
Fortunately, our legal system has both judges and juries.
If there was no contract, that would imply Pacific did not need to issue a statement on their website, correct?
If Clark thinks that he will be skating away from this without paying a hefty price, he is quite wrong. PCG will not survive this tactic and after this no company he is involved with will get a permit for legal cannabis in this country.
This -should- have been handled a different way.
Regarding Breach of Contract:
That is what PCG is apparently claiming by their bit of info on the website.
However, things are seldom simple enough for a party to unilaterally declare a breach in a civil action, so we will see.
Regardless of whether Bo is successful in fighting this claim at the civil level, there will be an enhanced level of scrutiny at the COUNTY administrative level which will give them discretion in either cancelling or failing to renew the permit. The administrative body will have its own discretion in deciding if their was some kind of ethical breach on PCG's part aside from the contractual obligation.
PCG may or may not be fine, but the backlash from this is not going to be pretty and they will not come out unscathed.
I have been playing with house money for some time but will be happy to lend my services to PCG's downfall in this regard if they did not give KGET shareholders every chance to not lose their butts on this one.
Hmmm ... I believe PCG will be screwed as well with this path they have chosen. They are not just playing hardball against Bo with this action, they are going against KGET shareholders who will feel cheated by them, and PCG will not survive this.
They will lose their permit over this and the people involved be blackballed from this lucrative industry. Ah, choices people make.
The info runs a range from the plausible to the absurd with a distinct marking point after the permit was acquired. The disinformation has been running towards more and more absurd everyday.
-The markings of a front loading campaign straight out of a (low wage & 4th tier, judging from the quality) boiler room-
But how come from? I sent a bunch of info off to Sarah. Then my mother made me hot dogs and macaroni and cheese. Should be expecting a PR article everyday and anyday ...
*6-3 in da house*
*how come from crew*
*KGET Aenema*
I respect the salivating respect being show to Ciprianos Salamis BEER CAN SIZE PISTILS. mmmmmmmmmmmmmmm
Disagree. He does know "jack."
For more deep analysis on the forum, stay tuned ...
Have you talked to Humboldt County lately?
LOL.
Name dropping as if this person currently gives a blank check of agreement in all things Calipharms or any ability to -irresponsibly- sabotage
a company that has righted course. That would be a recipe for turning purported credibility into an instant lack of.
This is a permitted growery now. It passed the application test that 1000 + applicants failed. It is nearing first harvest. It is no longer a "seeking to acquire" Cannabis company. It IS a cannabis company.
And it comes down to choices. I am willing to accept the progressive pictures within the greater context of investment speculation.
I don't pretend this is a perfect company. BUT, to pretend that there is nothing good going on with this company right now is a bit odd.
Cool. Would love to invest in that company as well, in addition to Calipharms. What stock ticker do they trade by (lol)?
"Serial conman" ? See posts 37030 37070 37088
witness CIPRIANOS SALAMI BEER CAN SIZE unleashed
On behalf and for $KGET investors? We the people in order to form a more perfect stock company? We as investors how such drop to knees to worship beer can size?
What medical mj thoughts about this?
Oh my THOUGHTS about This: IF truly Ciprianos Salami es sized of like beer can, we should all be made to INFERIOR feel about this. Suggestion of dropping to knees to worship beer can size. Beer can of KGET no compare? Do ewoks live on Endor? Not really they do, but what are your thoughts about this?
Right. No brick and mortar office. What a shocker. Maybe they should rent and office just to waste some money lol.
2014? Try again. Old news is ancient news in stock trading.
Remember the 2014 ebola plays? Old news.
Ciprianos Salami?
Lol. Ask Sarah. Ask Cindy. Ask Terry. Just lol.
What would be the grounds for the GRANTED permit being withdrawn again?
Misleading information by the poster to say the least.
Is that thread still out there where you were celebrating the growery being in the City of Fortuna when it was clearly not?
Yeah Cybear! How Come?!
But I thought you despised Bo? Why would you want to hear an update from him?
Do you also not like Tattoo Mike and Ciprianos Salami?
Really, has there really been no news in two months?
It seems "the poster" has simply chosen to ignore the status updates of Tattoo Mike on the rise of the plants towards the SUN!!!
Yeah! How Come!
Yeah! How come from?!