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I don't know for sure but Bousted Securities (Akanda IPO underwriter) probably got Halo Collective out of their lockup and Halo was able to dump roughly 12million AKAN shares on the market over the past two days. Kiran was boasting about 250m value of his AKAN shares when the price was at $20/s. He likely saw the price go to $9 and then made deal with Bousted to get him out of the lockup so he could dump his shares. It's possible that Halo's CFO departing a week before this all happened has something to do with it too. Nothing confirmed here, but who else had millions of shares to dump besides Halo?... since they had 44% of the total outstanding shares of Akanda. There was some shorting as well, but not that many shares (2m shares short from what I saw). They possibly are shorting their own stock as they dump shares. Even if I'm wrong AKAN shouldn't have lost 83%+ of it's value in two days on no news... Something shady, possible fraudulent happened here.
Love how under the radar this one is. Healthy chart, nice revenue growth, new contracts, catalysts out there. Let's see where this one goes.
I hope you're right DWillie. Let's check back in *another year* and see.
how can you be so sure? Covid stopped it before.. The vape scare stopped it before... Lack of closing deals continues to stop it.
Talking in absolutes is your folly.
Already talking about next year are we? What about this year. I've been hearing "next year" for four years.
Also I love this sentiment:
"Everything is on plan and as anticiapted. Except this... and this... and this.."
Huh.
Let's see if these dispensaries actually open. I'll believe it when I see it. GLTA
your head's in the sand.
I suggest you start reading the PRs and Kiran's tweets. Instead of believing what he says, actually look to see if what he says or said actually happened.
Cmon man.
Hmm lets see
List of Lies:
"Halo is aqcuring operating stores from High Tide"
"These acquistions we've been making are acretive"
"Completion of Seed to Sale Strategy"
"Halo is thriving admidst Covid Climate"
"We will be able to sell refined cannabis waste"
"California dispensaries are our focus"
The list goes on and on you just have to look. Tons of empty promises. In my book those are lies.
Kiran lies and lies and lies and lies.
He holds up flashy objects to distract from the fact that he hasnt delivered on his previous promises. He's a marketer plain and simple.
This story is getting really sad.
Took profit to get BP for meme stocks today. I think a lot of other people potentially did the same. Back into OMID tomorrow though! <3
It means more dilution. They did this PR to confuse some, grease the wheels with others for another round of Kiran's favorite.
Very fun week everyone. We just need to get some more exposure on the moves OMID sp is making and the optimal float. Need to get the WSB guys looking at this too. This week was great in part because last 3 day weekend people saw the 100%+ gains we had on Friday. Someone get Will Meade to tweet about OMID.
Need someone with the stones to take out the wall at .0949
In at .08
Why cant I buy options in POSH
Yeah it has nowhere near the name recognition of a ABNB or DASH. But if the share structure makes sense, the float is low, and they have good underwriters then I don't see why this couldnt provide a short squeeze like we've seen in DASH.
That's from March of 2020. It hasnt changed eh? I'll try to dig around more myself. Congrats to you all.
That cant be right. Do you have a source? You're telling me close to half of the float was traded today?
First time even hearing of OMID. Is there any more information about the share structure? I see that 66% of the OS is owned by insiders, but can anyone give me the current float?
Cause Kiran is a lying liar who lies.
Gone are the days of "executing the plan."
Kiran lost the plot, instead buying everything with hundreds of millions of shares printed every week, making the company too bloated, absolutely pillaging original shareholders.
From what I could glean, Evolution Trustees is the offshore bank that services Winberry's ~19M debt. So now Halo gets the debt of ~19M USD and Winberry gets 169M Halo shares (currently worth 8.6M). Winberry is now a 14% holder of Halo's common shares. The CEO of Winberry, Dustin Jessup is now Halo Labs' Chief Revenue Officer. And he/Halo intend to use proceeds of the 169M shares (that he can start selling up to 10% of daily trading volume) to purchase Winberry assets.
What's happened so far is a closing on the transfer of debt, the PR says now in the next 3-6 months they plan on closing on the purchase of all Winberry assets and IP, which they still have to figure out terms for.
Additionally another 13M shares were given to Odyssey Trust Company placed in escrow for 18 months in case anything changes in the deal. (Funny story if you go to Odyssey Trust Company's linked in you'll see our old friend's PlantX endeavor front and center).
___________________________________________________
Does this all check out? The two PRs are confusing by design. Halo Labs didn't close the deal on Winberry Farms assets, just its debt, so far.
I'm still confused about:
"Immediately following the closing of the acquisition of the Purchased Debt, Halo Winberry entered into an asset purchase agreement (the “APA”) pursuant to which it will acquire substantially all of the assets of Herban OR (collectively the “Winberry Assets”) in exchange for the cancellation of a portion of the Purchased Debt."
Why would debt get cancelled in exchange for acquiring assets? Seems like if you acquire something you pay for it in either credit or debt, not a cancellation of debt. I could be missing something really obvious so welcome to any feedback.
That locomotive in your picture isn't moving, only building steam.
Food for thought
Kiran bought 20k(lmao) worth of shares so that you and others would make the post that he bought shares.
He's buying shares using the proceeds from the shares he already sold to you.
He's making LOIs with his friends of course, RLH's Tod has been paid by Halo for promotional videos before. This is just a continuation of that. These shiny press releases act to distract the share holders from statistics like:
25M market cap on 1B outstanding shares doing ~6M revenue per quarter, with a CEO that says he wont be doing any more acquisitions but the acquisitions keep happening. Guys that's called lying. Try not to brush off when your CEO lies to you.
Rich: What do you say to people that say listing on the Nasdaq when your share price is at 5, 7 cents is unrealistic
Soul Patch Kiran: I think those people should smoke this [holds up a joint].
Yeah just get high and keep buying shares. This is a dilution mill plain and simple. Not more than a day after they announce another 169M share dilution they say they also intend to enter a brand new market(?) which of course means more dilution coming.
The comedy softens the fall but we still fall short.
Well? We're waiting.
Anyone else notice theirs another Sidhu on the board now? A real estate agent in Texas... and a Sidhu. on the board of a Cannabis firm that STILL hasnt released Q3 numbers as of now...
Nothing to see here am I right?
"When you look at Halo Labs through rose colored glasses all the red flags just look like flags.
Post by COO of Halo Labs, Andreas Met on his Instagram: "In the past I developed data mining models to predict consumer behavior. For example in online gambling I could predict when a player would be likely to quite forever (never come back to site). I would assess that risk daily and then right before they were likely to quite we would spiff them $100 and that would keep them around. It's the same concept with frequent flier miles, credit card cash rewards, etc. As a professional marketer I don't have a problem with any of that. The goal is always to try to make the most money, and develop customer loyalty. That's why businesses stay in business. The issue I have is on the internet, we are the product and we are used to monetize other businesses. All we get in return is pleasure. I like getting more than that. This is why I am shutting my instagram down. I will miss the community, but if you want to be in touch with me you can email me: andreas@halocanna.com. Good luck to you all! https://www.instagram.com/p/CGyi4DdpJ1N/
Sounds like a guy that knows how to "spiff" up a story to get shareholders to keep buying. Sound familar?
*face palm* Evidence of self-dealing is not a buy signal
Thanks for the info Kris! <3
This is Halo Labs Subsidiary Org Chart minus Canafeels (aka 1265292 B.C. Ltd) or Bar X (aka Lake County Natural Health LLC)
https://www.wallstreet-online.de/_plain/_shared/default/image?url=//assets.wallstreet-online.de/_media/11622/board/20200830220447-uebersicht.jpg
How many of those LLC were closed with finders fees? How many of the same consultant address with different name? It doesn't take that much digging to see for yourself. Kiran obviously thinks it's perfectly fine to point out that he doesn't sell his shares, that he has just as much to lose as the retail shareholder. It's cause he's ballooning the outstanding share count with purchase after purchase, paying for ads to get fresh meat retail in to buy up all the shares that he his "consultants" are dumping on the market. How do you think Kiran gets paid? This is blatant theft and he needs to be held accountable.
Because 93 million shares for an incomplete strain education app wreaks of bullshit. What a slap in the face to investors. Also the numerous connections to Sean Dollinger coming to light. No response from Halo. They just try to bury the news with more ads. Imgur link: Way too many ties to Sean