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Another CEO announced
Amazing
As well the valuation is based on contracts / proforma numbers where as well DMAN needs to raise over $ 200 million to execute
I believe
Read past press releases and filings
There is NO $ 300 million Audit !
There is only a market valuation done based on contracts with parties related to the deal !
Please go to the website of the Company who did the market valuation !
Look at how much DMAN it seems paid for that market valuation !
Paid hire .
I am a buyer and a seller
Will only be an investor upon see + PCAOB news
See response below :
BigC
@BigCFinancial
·
1h
Replying to
@DemandBrands
and
@MJBizDaily
Where is $DMAN on the $5MM capital raise with the small start up fund that pledged the capital based on full audit? That was to be completed 1Q22
Response -
The AUDIT was NOT completed yet .
Will only buy when at yearly lows
Selling when on strength whenever I can
Unless news comes out to prove otherwise
Search timeline
BigC
@BigCFinancial
·
2h
Replying to
@potcoinninja
and
@Kanye_Invest
$DMAN had a LOT going for it then with the
@Lucky_Chief
RM. They traded that for significant uncertainty, vague SS, & very suspect mgmt/owners. They are trying to figure out how to prove "this time is diff." LOT of overhang.
$390MM audited valuation & virtually no vol
——
Response :
@ Lucky Chief / DMAM proforma was absurd as well, there was no eEBITDA 2021 of $ 25 million , bogus . There revenues were less than $ 150 k believe from filings .
@ they did a press release to show they working on things by showing they bought a few grinder jars , absurd !
@ Lucky Chief had no mgmt / owners in place except for CEO per se
@ new Andy company that came in is a START UP as well !
@ market valuation is based on absurd . New entities , contracts within those entities . Over $ 200 million as per filings needed to execute phases of revenues.
@ BigCFinancial seems from lucky Chief
@ all these transactions are are shell games
@ I’m selling when strength
@ I’m buying when weak
@ if audit proves bad I’m out
@ if audit seems promising I shall add on
Barrons.com
American Weed Stocks Are Cheap. They’re About to Get a Sales Bump.
Bill Alpert
Sun, July 10, 2022, 2:34 PM
Let’s see
Today approx 350,000 shares traded
X approx .0084 / share
= approx $ 3,000 USD ( not pesos ) in trading
Brings down value approx - 10 %
U.S. Multi-State Operators are making a comeback on Tuesday after Cantor Fitzgerald reiterated Overweight ratings on various companies in the beaten-down sector
——
That being said then perhaps as well DMAN could be a beneficiary in sentiment and make strong comeback if they execute their plan
BigC
@BigCFinancial
4h
Replying to
@DemandBrands
While this remains important for the #cannabisindustry - none of this is spurring interest or validation of $390MM valuation for curr or prospective $DMAN investors (as evidenced by vol/PPS).
——
The poster above very well understands there is no current $ 390 million revenues . That was NOT a audit . It’s just a valuation given based on assumptions of contracts between internal parties and entities . There is no history between the contracting entity names .
If there is , someone please provide the contracting parties websites ? Requested it many times but no one seems able to provide them .
Investors are learning to be smarter here.
The current financials are what matters , not dreams proformas or expectations .
The poster above sounds like a scorned insider from the past .
I own a lot of shares , am losing dollars yes, will continue to add on along the way to support when it can cross that .01 bid with support or will buy when bids get hit .
As long as I see no negative news I will continue above thinking .
If I see negative news where Company disregards shareholders current in any way with disrespect my shares will be hitting the market for a while .
Until then I am a buyer based on above
Close to yearly lows
Shall buy at lows if available as long as no - news further comes out
Have strong position as it is
Down on position
Quarter-end buying may lift stocks higher
JPMorgan says markets could jump 7% next week
Just a matter of when not if
With market prior to this week down 10 of 11 last weeks upside soon to occur !
The buying or selling was not strong .
Over 220,000 of the buys were from me !
Trying to keep this on track best I could .
Once Bid settles over .001 could be a turn around
As analysis is always changing
Hope to be proven wrong for own lots of shares as well
Selling into strength along the way to protect myself but buying on weakness when bids low
PREDICTION *****
Terrible history of price appreciation since announcement in 2021’
There were NO ENGAGED auditors as previously claimed in various releases vs this week that was stated
There were NO real revenues where they claimed on annual pace in 2021 ‘ to do over $ 25 million revenues. 100 % not accurate
No audits were done
Valuation paid company hired ( hired guns ) to do a valuation based on contracts between themselves .
DMAN states in their filings that they need over $ 250 million if read correctly to execute this phase
DMAN seems to want to get rid of current shareholder base from a price stock per share perspective
DMAN with registration could state shares are being registered from various new class shares issued and will register tons of common shares to be issued and free whether now, 6 months , or 12 months to be free
A MASSIVE REVERSE STOCK SPLIT could take effect, diluting ALL current shareholders
Reverse takes effect, then all new shares come in at higher price, lower float
Once diluted out the current shareholders and new shares come in a iR / PR campaign they will try and do to keep the stock price up
Almost always when this occurs 6-12 months down the line the stock price further tanks because funding mechanisms in place to support all , but it is a toxic convertible that is done with NO Floor attached .
Current shareholders are going to be diluted out.
Let’s see prediction 6 months down the line
Only current beneficiaries to be are the holders of preferred shares that will be converted into common shares
Writing is on the wall
What shall be in that registration statement ? devil in the details .
After audit done ?
After hiring sec attorney firm ?
Some news in afternoon would be very nice ??
Previous text would show all is proforma based expectations vs realized revenues
Answer for below :
1. Start up
2. DMAN needs to raise in the jv with partner over $ 200 million to get this milestone achieved . Was stated in the filings .
3. 8.5 Agreement revenues not in year 2022’
——-
@JJ96611102
·
7h
Replying to
@DemandBrands
Just wondering how a company with a $390 million valuation and a recent 8.5 million agreement struggling to maintain share price of a penny!?! No update in almost a month... $Dman
Do not agree on always everything said, but he / or she is pretty much correct many times . She knows the history from Tom Coleman forward as I do . Press releases have been misleading . It’s a startup ! Revenues with new Company and Estimates were from a company management was previously with. Accounting slapstick they playing with . No PCAOB auditor engaged . No 2021 $ 20 million + annual revenue as was originally stated . Valuations of over $ 400 million based on contracts . What history and who are these companies that signed the contracts . Do not think you will find information on that . Could not do audits so they appeasing with smoke and mirror valuations . First phase of this grandiose valuation requires the jv to raise over $ 200 million . Can go on and on . But new management hopefully is straight forward with people . But based on above it’s scary what to trust. Only a PCAOB audit and filings will prove all ! This is a start up only ! Ahh and yes they think they can raise $ 200 million without a PCAOB audit . This is funny . $ 200 million + . Now when they do a press release if they speak to a PCAOB audit they will say they are engaged but they mean just speaking as in engaged in conversation . Not formally engaged . There should be investigations in this type of behavior for shareholders were hoodwinked . Where was their $ 20 million + annual revenues for year 2021 ‘ ? Can go on and on . This is what ruins credibity of legitimate companies . Let’s see if this management corrects itself to current common shareholders . Originally I would be buying more at .005 but with no + news or accuracy vs fluff I will wait to .001 to .002 to touch again
Correct
Coleman and others have their own agendas
Current common shareholders serve them zero purpose and eventually to dilute them out !
Market cap under $ 7 million
First phase for their grand revenue phase , valuation recently given requires them to raise over $ 200 million I believe a filing stated
Go figure this out ?? and with no PCAOB audit to raise this $ 200 million plus
Under $ 1 million revenue last filing shows
It’s a start up only
Very good step Peter Erdekian is not CEO.
Probably he will maintain a director or similar position as he has been in the past when companies come into DMAN at the direction of Tom Coleman
But excellent he is out
New management looks good
People were deceived from their earlier news releases.
There is no $ 20 Million annual revenues from year 2021 as they projected . Look at their financials recently released, I do not see revenues that would show $ 20 million annual revenues for this year ?
I do not see where a auditing firm PCAOB has been formally engaged . Deceitful press releases suggested they had engaged PCAOB firms .
The insiders of Company know this is a startup
They do seem to ge on right track and professional
Based on current revenues , not projections , market cap seems appropriate for now unless positive news or negative news dictates otherwise .
People were deceived from their earlier news releases.
There is no $ 20 Million annual revenues from year 2021 as they projected . Look at their financials recently released, I do not see revenues that would show $ 20 million annual revenues for this year ?
I do not see where a auditing firm PCAOB has been formally engaged . Deceitful press releases suggested they had engaged PCAOB firms .
The insiders of Company know this is a startup
They do seem to ge on right track and professional
Based on current revenues , not projections , market cap seems appropriate for now unless positive news or negative news dictates otherwise .
It’s valued as a start up pretty much
Their financials showed no / minimal revenues . How they stated in 2021 that they were on target doing $ 20 million annual revenues is mindboggling. How they stated they engaged a PCAOB firm then did not formally engage is deceitful ! They need to raise in first phase filing said with their jv partner over $ 200 million for first phase is such a nice grandiose statement from a pink sheet company non audited doing no real revenues. But it’s a growth story seemingly with new professional management . All their transactions acquisitions they say they will be using stock . They would need to get stock prices up otherwise massive not manageable dilution would occur . Below .005 seems a good time to buy again if we get to that spot ,
Correct
The first phase requires a total capitalization of $245 million. GHP Holdings LLC and DMAN are in conversations to provide DMAN an option to make a preferred equity investment into the first phase with an option to acquire an interest in the real estate. DMAN is currently in conversations with various capital groups to raise the preferred equity investment.
——
$ 245 million
DMAN is not PCAOB audited
Who would give them $ 245 million ?
Who exactly is GHP Holdings LLC ? Track record ?
BigC
@BigCFinancial
·
23h
$DMAN
@DemandBrands
is the insider buyer window closed or another reason insiders aren't taking advantage of a $5.5MM MC cannabis Co w/ $28MM+$8.5MM (new) revs...? Trading at 0.15 P/s. Peers are trading at 5, 10, 20X P/s.
——-
Read above on Twitter .
There is no $ 28 mm in revenues I saw in financial filings last week. This is a startup with very good past management . Very good contracts new and future brite. There is no new $ 8.5 mm revenues , that is a projection only with 50/50 profits to be shared and equal investment into the infrastructure
Once again like with Lucky Chief their news releases from Dec 2021 was not accurate and shareholders yes should be upset . Look at their statement Dec forward they are on a run rate of $ 25 million for year ? Look at their statements various where they ENGAGED PCAOB AUDITORs. They used work engaged loosely for now they say they never FORMALLY engaged a PCAOB firm, but engaged in conversation . If this is how the are working things and playing with words very scary .
But this could be Peter Erdekian and Tom Coleman and past management guiding them as such .
When reading the financials tell me accurately what you see ?
But on a positive note this new Company seems to be going on the correct direction and the stock price current seems to be reflective of where the Company is to date
As additional milestones are met and with proper ir pr the stock price should appreciate for it does seem low price current for sure
Announced late afternoon today
Corralitos is the town name where four of DB’s licensed farms are co-located. Cultivation also happens on this property, bringing together on-site a unique growing environment with ample farm labor and marrying cannabis cultivation with more traditional farming practices. The farms were signed up under Viridi’s management company in 2020 as part of a brokered deal between the farm and Truleaf. Over $1 million has been invested in the farms so far. Viridi will be overseeing management, the cultivation process, labor, SOPs, harvesting, and licensing. A meeting occurred on May 13 2022 to formally kick off this engagement.
News out !
Excellent with reposting BUT please post the AUDITS vs fluff
From December 2021’ , below :
The Company, subject to concluding its due diligence timely, anticipates formalizing an agreement prior to the end of the year. The LOI pegs the acquisition cost of the Businesses to completing an audit and obtaining third-party valuations for all the rolled-up, consolidated Businesses. It is expected that Andy Colehower, a senior executive in the wholesale food and beverage sector, will become the new CEO of the Company upon the completed transaction.
—-
Completing an audit ?
Obtaining 3 rd party valuations ?
Acquisition completed
Thus ?
TigVT
@Tigerlincoln1
·
3h
@DemandBrands
$DMAN How does one close a deal without showing numbers ? Hmmm 28milliin to be exact ? Below a .01 by the end of the week.
——-
Poster above all over Twitter like many insiders from lucky Chief and other past insiders .
Maybe they will sell .
Will buy under .01 , unless bad news dictates