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Re: 10thMountain post# 139

Friday, 04/06/2018 8:55:24 AM

Friday, April 06, 2018 8:55:24 AM

Post# of 1306
No, Joe Arcaro takes over a shell company. He then very quickly brings them current. He does usually issue a control block of shares (restricted shares.). He then sells that control block to the company merging in to transfer control. After that Joe is out. What makes his plays so good is that he is not in this to scam or dilute he simply cleans up an empty shell and sells it. He has the merger candidate set up before he takes over the shell. Since he will lose money if the merger company backs out he deals with legit companies. It’s a win for him and of course for us.

Now with VUME. Joe has sold the shell. He is out. The new company is Alternative Solutions. They were one of the first of 6 Marijuana Cultivators licensed in Washington DC back in 2012. The were thoroughly vetted by the government to be chosen as one of the 6. They also just signed a 5 year licensing agreement with a very big marijuana company Tikun Olam.

VUME is floundering after the company just announced a small reverse split (10 for 1) No one wants to hear rs but in few cases it’s not a bad thing. I think VUME is one of these cases for a few reasons.

1. If they were going to dilute I would think they would have raised the AS diluted then split.

2. I believe Arcaro transferred his control block of COMMON shares to the new company which means their shares will be split as well. I doubt a company would spit their own shares unless they thought it would be beneficial in the long run. (Need to see filing to verify.. it’s due April 15)

3. They have mentioned several times expansionand acquisitions. Shares needed for those reasons are a good thing.

4. It’s a legit reputable company. I expect they want to attract real investors. In order to do that they need their share price up and to upgrade to QB line WSML is doing.

All of my posts are my opinion only and are not meant to be investment advice.

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