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Monday, October 12, 2015 12:28:03 PM
1) SLNX announced going into mmj business (while mmj sector was sorta still hot) and to show investors that SLNX meant business, it acquired an mmj eatable company (Tastygreenz) and Shirley announces that the purchase of Tastygreenz will yield immediate revenues (POS up 6600%) Much later, we find out that Tastygreenz was created by a penny promoter a few months before "acquisition" and that Tastygreenz is nothing but a DBA created out of a one bedroom apartment unit in Colorado. Almost 18 months later, there has yet to be one penny generated by this "key" subsidiary... the website is not even working. This sure makes me trust the CEO.
2) Dave's steakhouse. Company announces on shareholder conference calls that 'we're closing the restaurant and moving to a better location' or something to that effect. we later find out that SLNX snuck out in the middle of the night with unpaid utility bills, unpaid payroll to some of the employees and backrent owed to the landlord. Yeah, this too makes me trust the CEO. Get real!
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