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I'm going to be disappointed if Monday rolls around with no completion of RM news.
I was referring to bikaver he sold out yesterday for a small gain lol.
This going to be big when the news rolls out
Sold out too early lol
So I'm honestly not surprised, look at their history. They filed late the last 3 years I looked back.
But I'm here because of the "potential" RM from a cannabis company.
So we are all gambling in the OTC casino on if the RM will happen.
It's in IGNG best interest to just go private. They've been in business since 93 and look at where they're at still lol. They're stock has been a constant downtrend and they'll end up in the pink garbage zone with toxic debt down the road if they stay public.
Yea, it had its initial pump on the hype now it's been floating around this range for awhile.
The next leg up will be on release of completion of RM.
All I know is the O/S shares at 46M as of yesterday.
the Acquirer’s designees shall own 80% of the then outstanding common shares of the Company and the Company’s current shareholders shall own 20% of such outstanding common shares.
Then I know the acquirers will own 80% of shares. 20% of 46M is 9.3M roughly.
So my assumption the float after merger should be around there
It states that acquirers will own 80% of OUTSTANDING common shares of the company.
O/S has been updated to April 1st at
46,454,783.
So there was about 6.5m shares added into the pool in a month.
I'm assuming alot of warrants were being exercised when it hit around .25 for the first time in awhile that's why it dumped so hard when it was over that price.
Regardless once the RM happens the company will own 80% of the shares leaving around 9.3M in the float.
Yea if they reach the minimum requirements to uplist they will be moving on up.
I'm curious to see future plans on growth for GBI.
They're pretty aggressive for being less than a year in the cannabis industry.
Atleast no one seems to be dumping piles of shares into the bid anymore.
Pretty much flatline no volume until some news next week I'd say.
https://webfiles.thecse.com/sedar_filings/00011451/1903280901185679.pdf
Company hopping on the CBD/HEMP train.
Looks like they moving into the hemp biz now.
What news is driving this up?
Havnt seen anything.
Why so?
They give updates on progress every week.
Expecting one more update next week finalizing merger.
If this goes dark into the 2nd week of April it may get ugly.
No ones really buying much or selling much it's a fairly tight day range.
Everyone's just waiting...
It's funny seeing LVCA post up news on March 18th about update on merger with GBI lol.
No one letting it stay below .14
Might be waiting awhile for .09
How do you know they're diluting without knowing the updated share count?
And what is the dilution from?
Only liabilities they had against them were in the form of warrants which excercise in the range from .20 to .40
Saying this merger might never go through is a
generic statement used by lawyers to cover the companies ass.
Same with we might not have capital to continue operations.
Every emerging OTC stock all has that generic statement.
"As of the September 30, 2018, there are 122,421,993 shares issuable upon conversion of the Company’s convertible debts accounted for as derivative liabilities.
The Company’s only asset or liability measured at fair value on a recurring basis was its derivative liability associated with warrants to purchase common stock and the conversion feature embedded in convertible promissory notes."
Warrants Explained
Like an option, a warrant does not represent actual ownership in the stock of the company; it is simply the right (but not the obligation) to buy shares at a certain price in the future. A warrant typically has a much longer life than a call option, with an expiry extending out five or 10 years. Some warrants are even perpetual.
Yes there has been dilution but under section 6 of their latest 10Q. Look under warrants.
Number of Warrants
Exercise Price
Expiration Date
2024 541,362 $0.00002 July
2023 25,000 $0.20 April 2022 312,500 $0.20 August 2022 287,500 $0.20 April 2023 125,000 $0.20 May 2023 81,250 $0.20 August 2023 2,800,000 $0.40 May 2022 187,500 $0.20 January
So no one is going to excercise their warrants under .20 because you can buy it cheaper on the market.
1 warrant = 1 common stock
That guy with .40 warrants definitely wont.
Buddy with 500k probably sold all that shit off already excercise at 0.00002
So we should be looking at atleast .20 before people consider exercising any warrants and diluting the share price.
Atleast wait till end of the 1st week of April lol.
They seem to be very good with the updates as of now.
Yea my thoughts too.
No ones buying into the OTCQB weed reverse merger yet lol.
Yea we lost .14 for 10 minutes total. Shares were scooped up pretty quick below it.
Yea selling volume has tapered off finally.
Yea it hit bounced off .14 three times yesterday and I believe we found our bottom. Looks like it's just trading sideways until the next leg up.
Yea theres a uncertainty that's holding alot of buyers back with the acquisition.
I like gambling though so I'm in lol.
If revenues were generating 550k for half a year solely on weed, I assume there should be a healthy revenue stream next year considering the projects they have planned with CBD, edibles and increased production.
Thanks tips, that's been stated in every PR about this since the 13th.
It's just a generic statement disclaiming that it can fall through at anytime.
As long as they dont roll out next week with another fluff article and delay it shouldn't be a big issue.
The original LOI rolled out on march 11th. To hammer out a full RM acquistion in less than a month is still not bad.
Yea I figure that. It's a massive facility for growers. But atleast we have a confirmed location now.
https://coachillin.com/project-overview
I'd have to say this project is pretty epic though. This is the location of their greenhouses and factory.
Yea every cannabis has insane valuations. America not as insane yet.
You been living under a rock lol?
ACB had revenues of a couple million in 2017 and they reached a market cap of 7 billion at one point the first run up.
Yea I know that duh.
Just junky as in lots of links that go no where or redirect you to the home page.
Tried the email form and sent me to a dead link lol.
No descriptions on any product.
Just looks slapped together with generic pictures.
I saw the number on grapefruits site leads to https://kalikannadistribution.com/
Looks like a junk site though.
Its registered by Dan Yourist
So is coachillintradingco.com
Any ideas lol?
Considering GBI has mentioned they are going to be a seed to sale and distribution company I'm wondering where are they planning to build?
I see Jesse Niesen posted regularly in their instagram.
So what does he have to do with it? Just a friend?
Hasnt been a review on his property since August 2018
This is a post from him as of October 30th.
NEWSFLASH: My 141 acres in Penn Valley, CA is now available FOR LEASE to Cultivators. Make offer...
https://www.mynevadacounty.com/DocumentCenter/View/23588/Temp-Cannabis-Application-Packet-PDF
From My Nevada County Cannabis Conversation:
Temporary Local Authorization Permit
The Board of Supervisors passed a resolution on October 23, 2018 authorizing the Community Development Agency to establish a pre-application conditional process for temporary local authorization in response to State inquiries regarding cannabis cultivation for State temporary licenses. Applicants for temporary local authorization shall:
Be in compliance with the County’s current draft cannabis ordinance.
Demonstrate that no new environmental impacts will occur as a result of the temporary local authorization.
Demonstrate that the applicant will be able to cultivate on the same site and under the same license type as requested in the temporary local authorization, once the County’s new cannabis cultivation ordinance is adopted.
Recognize that no cultivation or growing will be allowed under the temporary local authorization until the County’s pending EIR is complete and a new cannabis cultivation ordinance has been adopted and County staff can inspect the property for compliance.
Recognize that the temporary local authorization gives no guarantee or promise that the holder of such local authorization will have the ability to cultivate in the future, obtain an annual state license, or annual local permit.
Recognize that the temporary local authorization may be revoked at any time at the discretion of the Community Development Agency Director.
Once the applicant determines their compliance with all of the above, they will need to submit a complete temporary local authorization application packet. Once the application packet is thoroughly completed and signed it must be sent via email to cannabiscompliance@co.nevada.ca.us or submitted in person at the Rood Government Center's Community Development Agency located at 950 Maidu Avenue, Suite 170 (first floor), in Nevada City.
Source: https://www.mynevadacounty.com/2185/Cannabis-Conversation
Heres the property
https://www.airbnb.com/rooms/3459261?guests=1&adults=1
Of course this is just speculation.
I've found land for cultivation and a client they distribute for as posted previously.
Might be awhile before nasdaq but I'm curious to see what their financials look like. They only said 550,000 revenue from operations for a half year in that last filing.
But looks like they're acquiring more cultivators.
I found this company who they're distributing for
https://instagram.com/exoticcanopysolutions?utm_source=ig_profile_share&igshid=c8c3acnksos0
They began going public with their website and social media in February so they sound like they're really set on getting in the public market
https://ca.godaddy.com/whois/results.aspx?domain=grapefruitblvd.com&recaptchaResponse=03AOLTBLSDnaS9bCGeutLc_5absqUDWXZFPJB1Qz7IpJ33_7ZFNI57ufr63bLSTv8DzTBNOFoJDUeple-cpaXAzQ17eqWxf89k5yhOzNvoGEVUhFUw7wCzy1bjJIVKbqLqsdeNLtt2PDUkm4kYXAyrsSBUtnQw6yfYzNsWqam3ULToDSyX8fIl9CnmIVjSEZhP48JVBQuAZQaGltzcG-QoZXCII4BksM0e5p6rxoC_aoxnI3t4Loi4dg3SGxqN23qm2Uzj4EN5_svsr1jSMJfYQ9fNkGqmyd75yh1nntVTFmkVqXzbZJnuijYJ8CFrKO2Tzms1esv_de0Y
They were obviously going to go for a cheaper option first but considering the amount of extra work and time involved bringing LVCA up to snuff they scrapped that idea.
Taking the QB company they will be off to the races as soon as the RM is complete.
You must be short or looking for a cheaper entry lol.
Who cares if IGNG is just like NUGS.
People made a killing off it.
Some people are long term bagholders now but thems the brakes.
I'm hoping for a ridiculous blow up then I'm bailing onto the next one.
Doesnt matter. All companies weed related have blown up market caps with shit revenue.
If a new penny stock weed company comes out everyone is going to pile in when word gets out.
I'm in no way long on companies like this but if the chart is setting up favorably I'm in it.
Then I'm all out and never look back lol.
What leads you to that conclusion? The higher lows it's making? After a 275% run a 30% pullback is normal.
Unless it broke down below .20 this is going higher.
Its building a support before the next run and itll be huge... unless the RM falls out then its junk again.
Hows this a pump and dump?
A private company wants to RM with a OTCQB company.
News and filings along with it.
It's a speculative play right now, if RM falls out then shares will hit the floor.
If RM follows through then we now have a new company involved in the cannabis industry.
You short or want cheaper shares?