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You're missing some steps in there where GBI owns 230M shares.
IGNG will own some too but not sure how much.
Very little exposure on this stock right now.
Just a under the radar RTO pot company.
Hopefully.
We are just bouncing off that little support we have of .11
Only thing stopping this from being a homerun to closing the deal is can IGNG get 12M from someone to invest in them.
Once they PR that we are set.
Given we have a idea of share structure now any guesses on share price now?
We still have a couple unknowns like what percentage of shares IGNG will hold and what the 12M equity raise will cost us though.
Figure itll close the week before the deadline.
Yea, the float won't be determined until IGNG decides how many they're scooping up with management.
Wonder if this news will stoke the fire a bit today.
Yea it's all completely dependent on what the share structure will look like after RTO.
1$ minimum atleast
Yea, atleast they're letting us know they're progressing in the deal.
Unfortunate that it's been a few weeks past deadline, but with the issues that arose of course it would take longer to close.
If it doesnt go through just get comfortable lol and hope their technology pays off in the future.
Whoever got those shares are up 25% already lol
What! 70k volume brought it 40%.
Patience young grass hopper.
Atleast they're frequently updating us on the progress.
Who gives a shit about their market scanner lol.
This is a weed RTO
https://www.prnewswire.com/news-releases/the-cannabis-bonanza-has-just-begun-300836129.html
Heres some news to give everyone a glimpse of the future potential of cannabis market.
Given that CGC has bought Acreage farms on a deal PENDING American legislation. I'd say this shit going to get big.
Cant stand the suspense!
90k at .1267 and 40k at .1266 lol
I think those are solid supports Haha.
What's up with this .12666 bid lol
Theres always a big fat support at this number Haha.
Wish they'd throw us some fluff news in the meantime lol.
Like some coachillin farm news.
It was looking good for a bit there.
I'm averaged at .17.
Deals going to close, just the waiting game now.
Since GBI in here still I expect the deal to go through, IGNG has been bending over backwards to get their shit straightened out ASAP, they want out.
Nothing much else really to talk about until the news comes out lol.
50 crossed the 200 and we are still above our last support.
Hooooldoor
"By" the 6th lol.
Its slowly dripping out over the last week.
Delay after delay doesnt instill confidence.
It's going to be bleeding out on the floor by may 6th lol.
I'm in bagholder territory right now Haha.
They've already been audited.
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Board of Directors and Stockholders of
Imaging3, Inc.
Opinion on the Financial Statements
We have audited the accompanying balance sheets of Imaging3, Inc. (the Company) as of December 31, 2018 and 2017, and the related statements of operations, stockholders’ deficit, and cash flows for each of the years in the two-year period ended December 31, 2018, and the related notes (collectively referred to as the financial statements). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2018 and 2017, and the results of its operations and its cash flows for each of the years in the two-year period ended December 31, 2018, in conformity with accounting principles generally accepted in the United States of America.
Explanatory Paragraph – Going Concern
The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 5 to the financial statements, the Company has incurred recurring losses from operations and negative cash flows from operations, resulting in an accumulated deficit of approximately $21.3 million as of December 31, 2018. These conditions raise substantial doubt about the Company’s ability to continue as a going concern. Management’s plans with regard to these matters are also described in Note 5. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.
Basis for Opinion
These financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on the Company’s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion.
Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.
Rose, Snyder & Jacobs LLP
We have served as the Company’s auditor since 2015
Encino, CA
April 16, 2019
Didnt see anything about having to wait until settlement complete before closing.
Only part I read that may give us a timeline is
"The cash payments must be made to ALPHA BRIO by no later than May 6th"
"In the event the cash isn't paid by may 6th the agreement will be null and void"
So, I expect IGNG fully intends on this being closed before may 6th.
Not the news I was hoping for, but it's still a step forward.
No one knows what the share agreement will be until we know.
No where did it say they're increasing the O/S by issuing shares for the agreement.
It was stated they're buying 80% of THEN O/S.
Regardless if it hits 1.00$ we are all atleast 500-1000% richer lol.
Summed it up perfectly.
Few remaining unknowns to be settled but the progress that's being made is one step closer every day to closing.
Yea I dont want to be eating a shit filled egg come Monday. I want a golden egg this weekend
Yea gives everyone ample time to see news and get on the boat.
Yea, since no news today guess we won't hear anything till Monday.
Unless they PR it after market today, that would be a Easter miracle!
We are down today Haha.
Until we sign on that dotted line we won't join the big boys in the cannabis market.
Lol a 14 cent trade Haha.
The flippers are hanging around here.
Yea doesnt get more cut and clear than that.
Yea. We are pretty limited on info but more will become clear once they PR the closing and more details of how the share exchange will go down.
Why would they need a RS?