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Where did you go to school? If there are 6.5+ billion shares issued, including the Preferred A which you are saying, that a valuation of $66 million not $660 million at a price of $.01.
A price of $.10 would produce a $665 million valuation.
Does anyone have a sense when the announcement flow will start and/or the 1st Qtr financials will be published?
Why are you posting American Cannabis Company's (AMMJ) filing? What do they have to do with QASP?
Did they ever post 1st Qtr Income Statement, Jan-Mar results, due on or about 15 May? I thought I saw the Balance Sheet, but don't recall seeing the Income Statement.
I totally agree! Sell it off and reinvest the proceeds.
The is the first meaningful announcement that I have seen since I have been in the company 9 months. She is starting to roll out her vision with concrete, meaningful actions and that's a great thing.
Powerful plan unfolding. Store(s), website, Grow Center(s), etc.... It's all becoming a reality, one piece at a time.
I think once you put on your GYOGz Tee shirt, a smile will emerge, and you will feel differently. Heck, throw is a ball cap as well.
Are you a golf? If so, need a bag?
I saw the site yesterday, and it blew me away. At first I didn't see the category listing of materials on the side of the pafe, but once I did, I noticed the site was heavily populated. It took a lot of work to engage the companies and get set up to resell their materials. Getting the web site up is one thing, populating the site is another.
It also drives a thread of brand marketing across the businesses. We're starting to see the bigger picture unfold, Storefront, E-Commerce Web, Security, Grow Centers, etc..., with each business unit developed across the Brand name, Grow your own Greens, GYOGz.
This is huge. The first real deliverable in a long time. Now populate the site and lets run. A 2nd revenue source to compliment the storefront. She is delivering and building on her promises.
I believe everything down here is fake. Until she starts to deliver what she promised, we are like a ship adrift with no rudder. Substance will deliver investors and volume, and that will blow away their games. Until that happens, we are at their mercy.
She is executing her plan, a piece at a time, and it's consistent with what she laid out earlier in the year. In fact, the Security aspect has expanded significantly from what she originally stated. A few more building blocks and people will start to see the picture, but at a much higher price.
I believe that new Marketing firm, recently signed up, will bring some impact to their communications and timing.
Unbelievable given that most MMJ plays are over $50 million, and many over $100 million. Says to me, there is plenty of room to move up.
Current Market Value less than $1 million.
Story coming together. Now she needs to play her cards one by one, execute, and lift off.
This market is in its infancy. 50 States, plus Guam, with decisions for medical and/or recreational approval unfolding, and we just got started. Added 4 more on top of what existed (i.e. Colorado, Washington, etc...)
Key with QSAP, look at the market valuation, less than $1 million, and they are in the business with 1 store and a great vision/plan. There definitely is some upside, even if it's below copper.
Start communicating the vision with substance.
I understand why she would PR support for the Proposal, much like the DEM's saying they were going to retain control. In reality, I saw to many polls that said it was not going to pass at 60%. Florida's not done, just delayed a year or so. 4 out of 5 did pass.
She should have known that and had a plan to roll out announcements, given the results, to start building the Market Story which has be anticipated.
It is time to execute, and not by Twitter, but with concrete messages that are expected.
Not a chance. With Obamacare, Immigration issues, ISS's, Global Terrorism, Iran's nuclear disarmament, Israel issues, and other problems, including lining up for the 2016 Presidential election, they are not going to disturb the electorate by screwing around with this. They are walking a fine line and they need to focus on expanding their base, because unless they get the White House, all three branches of Government, we are dead in the water.
No more holding back. It is time to start laying out the plan and executing. The cards have been dealt. Florida will not happen until the 2016 election, so move with the current landscape.
Things like:
Revenues/financials,
Name/Symbol change,
Market/Brand strategy,
E-Commerce site,
New store strategy & plans,
Grow Center strategy & plans,
Alliances, etc...
The bid sitting days of the past few weeks is over. We are moving higher so you better get in while you can.
This is becoming a classic case of musical chairs. Pretty soon the light will be turned on and there won't be enough to go around. Better get them while they last.
Have you seen the movie "The Sting"? When the preferred plan was established by CB, in the beginning, the scheme was devised.
CB used many of the events/the lies, in 2006 and 2007, to set the stage for the execution of "The Sting", the RS. Remember it all started with the preferred series and the loans, many, many years before.
Now we are seeing CB, JB and JC, surface in California, diversifying from black gold to pure gold. Are you kidding me? What a circus? Is this a hedge fund or an oil company?
Rumor has it that “baby GE” is about to announce another major acquisition in a company that manufactures a “port-a-potty”. Stay with me and follow the logical. Both industries, oil and mining, are field based requiring outdoor facilities. So...., what’s next?
As someone said earlier, what does this new found business cost? How many 10(s) of million of shares? By the looks of the light trading last week and the msg board activity, everyone is perplexed.
Let’s look at the numbers, FULLY diluted:
Common stockholders 20.0 million shares
Employee Option plan 10.0 million shares
CB’s Common Stock 10.5 million shares
CB & bro’s conversion 23.4 million shares
Sub total 63.9 million shares
Working capital X0.0 million shares
Gold deal X0.0 million shares
Total XX0.0 million shares
Don’t come back and knit pick about me putting the Employee Options up there. They are authorized and they will be issued. My guess is that JC will get a big chuck.
CB has 22.5+ million shares, JB around 11 million shares and JC a few - just a ball park.
Now we know why the stock started up 2 months ago from the 2-3 cent range. Someone knew.
Original common shareholders, your interest surly looks tinny compared to what you think you bought. Soon that original 20 million shares will be less than 20%. I didn’t realize when I bought in that I was in CB’s version of “The Sting”.
Let the record show that many people have lost a ton of money the last 2 years, both real and paper, that may have been lost as a result of questionable activities, just IMO.
You may love this guy, with what I've learned, I don't. Although, I still think there is something in the property.
You can play the pompoms, I'm still going to be critical until he show us results.
If I put money into something and I think the pot is being stirred funny, I am going to find out why.
You can give him yours and bow down, that's you're right, as well.
I just want him to come clean and stop all the BS. I'm not asking for a lot for a stock that is DOWN 85-90% and silenct.
The man has spoken.
First of all, let me state that I am one of the few here that has stated, I believe he has the goods big time.
Secondly, I have stated that he deserves the 35% ownership, just not the way it happened. He deserves every penny he has earned.
To your point, the preferred was set up in the beginning, way before any one of us was in, is right on and very revealing. That's my point, this whole thing was premeditated and that my friend is not right, nor legal, IMO. I wish I had the truth back in 2005 when I purchased stock, that we would be undertaking a BIG RS. That was in the cards whether you would like to agree or not.
Ok, let's agree to get over that, unless of course, we have more games being played, as we speak. That is my concern. Why are we at pennies when we have so much? Forget the muzzle BS, I have heard that excuse long enough. It is time to move on, most of all for CB.
Finally, you completely took the statement, "so 7 months after the RS took effect we have......nothing?" out of context. The statement was specifically tied to raising money. It had nothing to do with the operations, as you so stated. I think they have a ton going on, but you/we don't know that.
You will have to ask Stockchart.com that question. Why the CMF is consistently positive the last 7 months? Regarding the lower price, it means poeople are accumulating more at a lower price. Makes sense.
My bet, he has gold and he trying to make us think we have nothing. The RS speaks volumes, pre and post manipulation. CB life was at stake. If he lost, he could have lost essentially everything, except for a few shares. He knew that!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
The Padgett/MN announcements in Sept 2006 of 5 O & G formations, the June 2007 Padgett announcement, the Injection well announcment in late 2007, the motherhood energy company PR in Dec 2007, all the equipment purhased onsite per pictures in Dec 2007 from broad visitors, points to more than a dust bowl. The question is why is he doing this, IMO?
Per stockchart, since August of 2007, 7 strait months, we have had stead accummulation, so it's not all selling.
Contractor, you are a pretty smart guy. You have done your homework, more than most, with your round about connections. You have been optimistic, publicly, as I have been regarding the prospects of AENP.
Doesn't it concern you, with his RS trick, why CB is presenting a company's value just inches from death? How do you mentally compute AENP's assets/value with a penny PPS and why? Sorry, this busy answer doesn't hold water.
If he would communicate the value, that we expect, he could get the PPS up, issues shares at a more decent price, and grow the operation. Not rocket scientist stuff. Hell, he said that was the reason for the RS. Now 7 months later, nothing has happen. His words, not mine.
They don't respond to e-mails, nor do they return phone calls (once a year type stuff). I would bet that one of them is reading the boards. I just want to let them know that I am thinking about them and wondering why they are allowing the PPS to be driven into the ground.
Last time I checked, this guy didn't own 100% of the company, does he?
CB, the real question is, with what you know and have known for a long, long time, why are you driving the PPS into the ground? What is your motive? We just need to/and will find out what that is or they are.
You are fooling no one. You know what is the ground and you cannot hide from that. Why are you allowing the market to value your extensive holding as essentially worthless? Is someone buying on the cheap or preparing to invest on the cheap?
Come April 1st, the BDC excuse is officially exhausted. You cannot hide behind that excuse anymore.
I agree totally.
Your last statement, I agree with. The sentence before that, you are wrong. You just didn't understand my statement.
That is all I have been pounding on. Let me state it another way, If you had to rate the importance of the RS, from 1 - 100, 1-97 would be CB's ownership, 98 would be reduced float, 99 would be reduced issued shares per authorized, and 100 would be to prepare for the big board. The center of our universe is his ownership or he would be doing all this for us.
The benefit for staying in preferred is that he gets liquidation rights, should anything ever happen. It is counted like 35% right now, at least in my book, whether its preferred or common, don't kid yourself. People might say he could do another RS, not likely, and I will be long gone before then.
He put little money down up front, raised money, issued 500 million shares, gave the company a loan which created the preferred, which exploded with the magical RS. It is just a recipe. He is the only cook that knew what he was cooking. His shares went from 12.5 million to 264.5 million shares.
I will say it again. He deserves this ownership, not just the way it was presented or understood. When I invested there were 500 million share authorized, including 3.5 million preferred with a multiple, so I invested based on what the company presented. What I didn't know was that there were really 750 million share authorized or to be authorized. I very well may have invested differently had this been known.
Yes, CB today is the sole/only/uno Director/CEO/Chief Engineer/Chief Driller. The other two Directors, who both just recently resigned, for activites under their watch in 2006 & 2007. They both rode this to a penny.
The other thing I will say is, if they have the goods, which I believe they should have known by now, the longer they wait to present the turth, the bigger the ditch CB is digging for himself and the BOD, as we languish at a penny, or as low as $4.5 million market valuation.
No, my friend, you are shortsighted. I said, if it turns, you better be ready to get in, not before. I said, we are now in the ditch, so we are already there.
I am not an oil guy, but what he said to me was, you must file something for the records, when you have to. Why pay for the 3D survey, if everthing is so called public? Because it's not. Even with the 3D information, it's only qualified by the drilling.
Someone posted recently about the big 2nd tier O & G companies who were drilling big wells near by. I would take this as logical support for the area.
I am not recommending this until they come clean with what I think they have. All I have done recently is to connect the dots.
As I have said many, many times, the RS pre and post lag, has played significantly into what we know and when.
The note is the note. I would hope the plan is to pay it off in the future with cheaper stock, i.e., get the price up from the ditch. That's normal business.
This guy has a repution, which is not all bad, as you might want people to think. What is being presented is, what CB wants us to see and believe. When he owned only 2.5% of the company, he came dangerously close to pulling the biggest blunder of all times, if the RS didn't pass. His ownership went from 2.5 % to 35%. Now tell me that is not any important issue? I will tell you that is the issue.
I have blasted this situation for their ways, but I am with contractor here, for I am NOT naively betting on the upside.
I for one think he has been holding back reporting on the Padgett's & MN leases, for as long as possible. He may have had problems in the drillings, maybe not, but I think what's important is, what are the RESERVES in the ground? The "needle in the haystack," the "diamond in the ruff," CB's words in late in 2005. IMO, he doesn't want anyone to know what he has until he absolutely has to, his words to me in 2005. That's, what I am betting on. Add to that O & G prices, equipment seen on site, MN #1 being hooked up, the PRI recovery possibilities, no further dilution, SEC approval, etc......
The upfront structure, the preferred set up, the financial conversion, the SEC investigation and the RS, were executed professionally. I love when CB answers, well why did you do the RS, "because they told me to." This is NO Beverly Hillbillies deal with Jed Clampett and Mr. Drysdale.
Think about this, when he started the company, he had only 2 million out of the 500 million shares. He put essentially NO money up and had less than 1% interest, fully diluted, but he was the man, the owner, the founder, the Mr. Everything with less than 1% ownership. The founder usually has 33% to 100% interest. 1%? Please.
He set up the perfect instrument, a loan, covered by the preferred stock offering which gave him 10.5 million shares. Here is the $50,000 dollar question, how is the hell did they come up with a 3X multiple? Why not 5X or 6X, or 2X or NO X, just common shares. Its magical how you come out with 1/3rd interest when you do a nice 1:25 multiple RS. We all know what happens from there, this turned into 262.5 million shares pre RS, or 1/3 the company. Oh my, how did that happen? No, my friends this is no Jed Clampett. He wasn't out hunting and up from the ground came a bubbling crude, or as many would have us thinking, a lot of dry holes.
Everyone's betting this is a dog. Not me. You better be ready to change your tune and get in, if you are wrong. If I'm wrong, nothing lost, we are already here. CB and the BOD's took us down as far as he could without going to the goose egg.
The RS, the promises, the conference call, the silence, the directors leaving, no stock issuance's that we know of, the mother hood PR in early December of "we going to be an EXXON," the PRI PR in late December, the MN #1 sighting, what's up CB?
No,I am still betting on the upside. This may not be a pedigree, it may not be pretty, but it's clearly not the flee infested dog that we think we are holding or that management has been presenting/showing us, all IMO.
CB, as CEO and the sole director of AENP, are you and have you been comfortable with AENP's market valuation, $5.15, pre close, which was as low as $4.4 million today. Ouch!!!!
Does this price fairly reflect the valuation of AENP's portfolio of equipment/reserves/revenues, or do you know and when have you known, that the market value of this company is/was significantly under valued and inadequate?
Have you and the BOD been acting in a fiduciary capacity, in properly communicating, reflecting and supporting AENP's true valuation, or if not, why not, for how long and by whos directive?
My goodness and all the drillings, drilling announcemets, don't even get me started on that mistery. I'll save that saga for backup.
Do the 2 big rigs have any value at all? Apparently not. Are one or both in mothball or the scrap pile?
Does the 68 million barrels of documented reserves in PRI have any value? Apparently not. Have you done anything the past year to secure or enhance recovery efforts to add to PRI's property value? Apparently not.
Is the BDC muzzle still on, and if so, by whos directive? Is the website muzzle still on, and if so, why?
I know this is a BB stock for high risk, disposable money, but there are still rules. I love connecting the dots, solving the puzzle. I sure hope this is a waste of my time because the RABBIT is about to JUMP OUT OF THE HAT like a rocket being launched into space. Right CB?
I am hoping that he steps up in 2 weeks and changes his ways. That he turns a new page, announcing results and communicating as a company in his position should.
If he does that, we will all be happy. As I have said, many. many tiimes, I believe, all IMO, that the man has the goods, has been holding back, for a number of reasons. He has 2 years worth of work/activities backed up in a pipeline with something to say. You could even say, some good, some bad.
Sorry, I messed up a minute ago in sending your post. Got a little disorient. Must have been the picture. What I meant to say was, "is that your picture, your handle, your signature?"
If so, now I understand where you're coming from. Poor guy.