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Alan Brochstein

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Alan Brochstein

Re: Nelly 15 post# 31414

Tuesday, 08/22/2017 7:16:44 PM

Tuesday, August 22, 2017 7:16:44 PM

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I am not trying to judge the merits of having debt or not having it but to point to the immediate risk to PNTV equity holders due the circumstances here. The balance sheet shows the precarious situation. The company will again generate a big loss. This means they must sell more stock, issue more debt or hope to get warrants exercised. All of these things will pressure the stock in my view.

Green Leaf Farms was built on a foundation of quicksand, PNTV stock. The company is weighed down by toxic debt that far exceeds the value of its assets. The stock price trades well above a ton of warrants. Pretty easy to see where this is headed!

Yes, I know of another public company in Nevada that just started producing revenue but doesn't have debt like this...

If you don't like my posts, don't read them. If you think only those who agree with you should post, then start your own message board. My conclusions are my opinion only, based on what I believe to be true. I have no crystal ball.

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