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Wednesday, June 08, 2016 12:59:26 PM
Let me explain why everyone is angry.
Derek Oppedisano (Peterson) and Management:
- They are on their way to diluting the outstanding share count to over 1 Billion
- They made shady deals with all the Las vegas Dispensaries where they have to share 50% of all profits,
who are these locals getting this money?
- They Bought Blum Oak dispensary without regard to the dilution of the pps to common shareholders.
The dispensary was being run for a loss, but derrick gives them 500k a year to continue to run it the
same way! They also get 50% of the product grown at the facility!
- IVXX made no revenue 1st quarter 2016- Who knows what the real truth is about that?
The website does not reflect any progress to the brand. Growth has stalled big time.
- The insider selling that goes on before bad news goes public.
- Most of all: They have no skin in the game!
They will dilute as many shares possible to aquire assets at any cost to the common shareholders.
- This is how it works: They dilute till they can't do it no more--> then do a Reverse Split That
Only affects The Common Shareholders (Not their Coveted Preferred Shares) ->
Then write off all their expense and start over with a clean slate while still holding all the assets
they bought with our money - > Then up-list or sell with a clean slate making millions of dollars
with their preferred shares.
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