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Wednesday, November 01, 2017 10:25:05 AM
Livewire, LVVV, had their products in Jewel! That's a bigtime grocery store in the Midwest. Did they have a real product? yes. Did they have someone make a deal with Jewel to get it on the store shelves? yes. Did that make them legitimate?? Not at all.
They diluted the life out of that company, and now its at .001 in OTC graveyard land. (until they just changed their business to an mj co. lol)
The question is, did they ever really want to make money off of selling the product? Or did they want to make money of PR's and selling stock?
It was an elaborate front where making money on the back end was SO MUCH more lucrative than selling some crappy energy drink.
And that's what management did...
So do I think that PAOGs clinics are real and open. yes. Do I think that the newspaper article was real? yes. Do I think that PAOG is really in this to make money off the clinics? Not really.
The real money to be made here is off of selling stock. Think about it. Out of the $300 people pay at a PAOG clinic, how much of that goes to PAOG? How much of it goes to the state, application fees, and licenses?
You don't know, and neither do I. But I can make an educated guess that half of the $300 goes to the state where the license is given.
So now run the numbers again, knowing that out of the $300 only half goes to PAOG, and see if this is a viable business plan. And knowing that all of the alternative medicine disciplines are subcontracted out to other practitioners. No real money there either.
So whats the play here for management? Toil over clinics making peanuts? Or DiPrima, who is an ace at this sort of venture, making the management team hundreds of thousands of dollars while sitting back in their offices???
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