is...not in
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For whatever it's worth...I exchanged a few emails with Ronald Steenbergen, who said that he was currently in China.
I didn't want to bother him with too many questions but I did want to have him clarify a few points about the divisions of the company: Ronald confirmed that, like the Readen site suggests, Otto Gmbh operates the German site "neckermann.de" while Readen operates the Netherlands site "nl.neckermann.com".
In his email, Ronald suggested that there was a "big chance" that Otto and Readen will "work together in the future", though I'm guessing that this last part should probably be taken with a big grain of salt.
I mentioned the lackluster reviews of his site and he acknowledged that there had been issues, but mentioned that they recently acquired a "complete new team" to resolve this.
Overall, I was impressed with Ronald's rapid email responses and willingness to address questions.
The division in the company is described in the intro box above.
In 2010 Suncapital bought 100% of Neckermann and introduced an ambitious turnaround plan to change Neckermann to a pure online retailer. In 2012 with a turnover of €1.2 billion Sun capital failed in their turnaround and they filed for bankruptcy of Neckermann.
Otto Gmbh bought the intellectual property right of Neckermann while the Dutch and Belgium operations of Neckermann where sold to a Dutch VC firm. Neckermann Netherlands was at the time still good for over 100 million in turnover and active in sales of good, insurances and credit facilities.
In 2016 Readen Holding corp took over majority in the Dutch and Belgium operations of Neckermann and implemented a new strategy in order to rebuild one of the most well know retail brands in Europe. With a new website tailored to the needs of the new strategy Readen Holding corp will bring back the old USP of Neckermann, bringing deals to the masses.
It just needed to consolidate a bit from the spike at the end of day yesterday.
Interesting observation from i_am_andrew84
$RHCO 👀 Did your stock go up 330% today with #buys and #sells almost identical. I can pretty much assure you it did not! #FollowTheMoney #NoDilution #stockstowatch #shortsqueezed pic.twitter.com/xfrd2VYOla
— andrew (@i_am_andrew84) May 24, 2019
LOL, trying to make the 'Hot' board? ;)
I agree with Djdjdjdj, the introduction is inaccurate and misleading and should be wiped to nothing so as to accurately show what's left of this "company".
And no, that suggestion doesn't mean that I'm "Josh CLARK again" either.
If you're suggesting that I'm Josh, then you're wrong about that too.
It's funny that you think I am... Just because I can recognize that you pull your "facts" from your ass, doesn't mean I've got inside information ;).
Where are you getting your information?
You've made that claim repeatedly but I can't find anything to suggest that either Josh or Mike were paid a single penny from Calipharms. Can you?
PRs from the company and statements from PCG suggest that PCG received nothing but shares, which they returned.
So again, I ask: Where are you getting your information?
I am aware of that, but that is irrelevant to my point.
I'm talking about the "10,099 series B preferred shares issued", each of which can be converted "into 10,000,000 shares of fully paid and non-assessable shares of the Company’s Common Stock".
10,099 x 10,000,000 = 100,990,000,000 shares
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=134348182
Plus, it sounds like Bo has over 100-billion shares worth of preferred stock, so 500K wouldn't even buy 5% of the total diluted shares.
But why spend $500K buying shares when a RS costs almost nothing?
My thoughts are that shareholders did likely fund Bo's "FUN SUMMER"...
It'd be nice to know the extent that Josh and Mike were in on the apparent ruse over shareholders and how much they received for their participation.
Yeah, I don't think that farm was closed down and plants hauled off as some people here were trying to suggest :).
https://www.instagram.com/cannakitchen2016/
I'm sorry. I do understand the temptation to try to jump back in, only for a quick .0001 to .0002 flip. I considered it too... And maybe that's the right play... Though there's probably a lot of people who still have shares and are already trying to sell at .0002 ahead of you (can anyone with level 2 confirm this?).
I just know that before the PCG departure, people were still having trouble finding big buyers at .0002... And that was right before the alleged harvest... It just seems like it will be that much harder now, especially with so many others trying the same thing... Afterall, I don't think there's many who are seriously thinking that this might still be a realistic long term play.
Wait what? Seriously? Confirmed with whom?
Yeah, probably a lot of people simply don't have the knowledge and ability to know how to invest... And so they just treat it like blind gambling.
It's strange to me that you seem surprised by this. Thats how .0001 stocks are. Even when there's info, theres a good chance it's deceptive or incomplete. People don't play them like NASDAQ stocks. They play them like lottery tickets. And sometimes it pays off big, but yes, you're right, most of the time they collapse to nothing.
That's pinky land :).
Those were the folks I was hoping would've come over here ;).
rawman, you seem to understand these filings better than me. I had a question about the preferred shares that I'm surprised you never brought up. Maybe you could explain these "20,000 shares of preferred series B authorized" and "10,099 series B preferred shares issued", that appeared between the December 31, 2016 and the March 31, 2017 financials (https://www.otcmarkets.com/financialReportViewer?symbol=KGET&id=174204).
It says that "Each share of Series “B” Convertible Preferred Stock shall be convertible, at the option of the Holder into 10,000,000 shares of fully paid and non-assessable shares of the Company’s Common Stock"
So, doing the math 10,099 x 10,000,000 = 100,990,000,000 (or over 100 billion or over 10x the existing outstanding) shares worth of preferred stock... Again shares that seemed to suddenly just appear out of thin air.
Can you make any sense of this? Is this Bo's deferred salary?
If you don't know for sure, I'd rather you make that clear or append your answer with an IMO or just not answer my question at all... I'd rather not get a doom and gloom assertions that you pull out of your rear ;).
Thanks.
I'm really glad Bo is still fluffing this play enough to allow the existing shareholders to exit their positions.
A few corrections:
1) CJF has made no attempt at "cleverly disguising" their farm. Yes, they appear to have originally run a Chicken farm, as well as growing acres of almonds and other things. But they have made no secret of the fact that they are now growing marijuana as they are a major part of a known "medical marijuana collective" that is working to change ordinances and laws, which includes allowing growers to "create small cooperatives" "that hold only one set of proper licenses and permits". Here are some newspaper articles on this collective and CJF's participation in it:
http://www.dailydemocrat.com/government-and-politics/20170701/woodland-city-officials-growers-commune-around-cannabis
http://www.dailydemocrat.com/article/NI/20170824/NEWS/170829933
2) CJF is more than an "over sized back yard mixed with chicken Poop all over". They have many many acres of cannabis crops, as well as greenhouses, warehouses, etc. One has to be accepted as a "follower" before viewing their images, which I did by creating an anonymous Instagram account that I used to make the request. Their collection of pictures is quite extensive:
https://www.instagram.com/west__sac_management__company/
3) It is already pretty clear that CJF didn't work out, as was posted here months ago. I emailed Bo about it and he responded saying he will "investigate the posts" and will "resolve any issues immediately". It should be noted that the posts were never removed, as would be expected if they were deemed inaccurate by the company CEO:
This is the response that the poster said he got when he emailed CJF
By the way, I was just kidding about contacting her, I would never do that.
I think people should have the chance to learn their own lessons :).
Yeah, you just keep bugging her about getting that "article" written ;).
I'm sure she loves hearing from you, as do we all ;).
I actually valued the information I got from you, I just REALLY HATED YOUR PRESENTATION of it... If you didn't want to get "beat up" from me, you could've worded things in a way that wasn't so annoying... But it seemed like your goal was to be annoying, which is fine, just annoying :).
And hopefully I WONT BE a continuing fixture on this board ;).
Right, as was pointed out by you, others, and PCG...
It sounds like, for whatever reason, Bo didn't fulfill his end of the bargain (and did a bad job of making things official). I'm not disagreeing with you about this.
I don't understand why you guys are still at it.
You won.
You got everything you wanted.
And I gave you guys credit for making the right call.
Now you just seem like you're gloating and being sore winners :).
That's IN YOUR OPINION...
You guys always forget that little bit :).
I don't think it's entirely accurate to say that there was no acquisition period!
For PCG to give reasons that "allowed PCG to exit the contract", implies that there was actually a contractualized acquisition.
I was "guilt tripping" him because he was celebrating his role in taking down the company... And if he took down the company (as he suggested), then he did it by driving away the acquisitions... Which is kind of lame, in my opinion.
Seems like you're the one who doesn't get it.
I was just trying to provide my theory as to who was "loading", nothing more!
I sold today, I have no stake in this company anymore.
I may have been responsible for bringing a few new people on board (though I did try to stick to either posting DD or to battling you guys, and I never once said that people should buy this stock).
But YOU are celebrating the possible role you played in driving away acquisitions which sunk the entire company. HOW DO YOU NOT SEE THE DIFFERENCE????
Having said what I said about his incompetence, I also agree with the naysayers that greed played a role in his failures. If he wouldn't have had such a ridiculous number of preferred shares set aside for his deferred salary, and if he would've offered the acquired companies a bigger comparative stake in the share pot, then I don't think he would've lost them so quickly. It simply isn't fair for them to be weighed down that much by Bo's previous failures.
There may be people who don't follow this board well enough to have seen the post about PCG... And there may be the optimists who are willing to gamble that acquisitions are still available for Calipharms. And there may be people who have faith in Bo's desire for success... He has years of deferred salary tied up in preferred shares that he won't be able to cash out on without reviving KGET under a new company title.
I obviously don't know for sure, and I know several here will scream "scam", but looking at Bo's past and current actions, I've always felt that his problems were more related to incompetence. And yes, his narcissism did play a role.
Bo seems good at talking the talk, but fails to walk the walk. He was probably able to woo CJF and PCG into joining Calipharms by making it sound like several other companies were also coming on board, and by exaggerating the rise that would occur in share price. But as time went on, he wasn't able to close many of the deals and couldn't move the price.
Several months ago, a poster here claimed to have had an email exchange with someone from CJF and posted the conversation here. Basically the alleged CJF person appeared disgruntled that the price wasn't moving and as a result, discontinued the partnership. PCG may have become frustrated that they were the only one left in this supposed conglomerate of companies, causing them to drop out too.
I had always hoped that the price would start rising as Harvest approached, which would create the needed incentive for CJF and others to jump back on board. I still feel that if PCG would have held off on their announcement a little bit longer, we would have had that out-of-the-blue run that everyone was waiting for, which could've changed everything. The optimist in me feels that one reason Bo never publicized his failed deals was because he hoped for the same.
As I've said before, toward the end, I was kind of hoping that Bo was the scammer that people claimed, because I feel that would have had a better outcome than my alternative theory that his failures were simply related incompetence.
yes yes yes, I already gave you guys credit for that. Again, good call.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=134242479
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It looks like y'all were right about PCG. Good call.
I don't know.