Tuesday, April 17, 2018 7:04:19 PM
This share selling scam is over. It's embarrassing. Talari and Cox ought to be officially drummed out of the OTC forever.
Let's focus on the main takeaways...
-Debt! Remember the 8-k Cox put out, talking about the company becoming debt free? If you don't, here it is..
https://backend.otcmarkets.com/otcapi/company/sec-filings/12308616/content/html
Of course, the last sentence reads, "Any additional funding will be used solely to expand our grow facilities and make acquisitions that are complimentary with our growth revenue models." Contradictory, much? Of course, because...
Fresh, massive new debt that, at the current bid, can convert into 3.81 BILLION shares! Oh, yeah, and when the bid drops to trip 1, which it will, that'll double to 7.62 BILLION! Want to know the best part? The note for $300,000 was issued on September 21, 2017, yet it wasn't in the 10-q that covered the period up to September 30, 2017. Oh, isn't this getting fun? More tasty morsels for the SEC!
And, oh, by the way, disclosure for Apotheca? Nowhere to be found! This is such a juicy tidbit that I will come back to it at the end of this posting.
For now, let's move on to... revenue!
-Revenue and compensation! Lo and behold, in no surprise to anyone, Amps revenue is... gone! In the last quarterly, Cox claimed they couldn't incorporate the Amps revenue into the quarterly because "of the timing of the acquisition." Nope! More lies. The amps revenue was always a bogus fundamental. Dirty share selling scams always try to acquire insolvent, going bankrupt companies so they can retroactively add a "revenue" fundamental to their books. In this case, it would have been a bridge too far, so it was added as a phony side note in the previous 10-q and, now, has been removed completely. I love it.
Revenue from the harvest? Non-existent! Just like the previous harvest, this one vanished into thin air. Remember all those wonderful PR's and announcements? "Setting up for a huge harvest." Remember the year end shareholder letter? "The marijuana market is incredibly hot right now." Then, come sale time, the story changes. Proceeds from the harvest were to be "minimal." The marijuana market was in a "lull." Six months later, the harvest has vanished.
Once again, in a surprise to no one, big fat 0 goose egg.
But the harvest couldn't have just disappeared, right? Oh, here it is..!
Another fat pay day for the twin scumbags! *slow claps
To conclude, I want to address...
-Non-disclosure! I wanted to address this last because this is actually something that can get these guys into hot water with the SEC. Apotheca was an obvious scam fundamental from Day 1, but, beyond just being a scam fundamental, it has been wholeheartedly illegal.
The fake acquisition of the already Talari owned Apotheca was made material in an 8-k while Apotheca wasn't even registered as a business entity in its state. Illegal.
No details of the acquisition were disclosed. It was learned, in a PR 6 months later (https://finance.yahoo.com/news/futureland-corp-futl-realizes-arbitrage-125607095.html), that Talari / Cox essentially paid themselves a $100,000 note on Sept. 15, 2017 to acquire the already owned Apotheca. The original 8-k on this acquisition, dated Sept. 18, 2017, said exactly the following; On "September 15, 2017, the Company purchased 20% of Apotheca Biosciences, Inc. for an undisclosed amount."
This $100,000 note, which is material information from September, failed to appear in the last 10-q or the current 10-k. Illegal. And, as stated, the note for $300,000 that was issued on September 21, 2017, failed to appear in the 10-q that covered the period up to September 30, 2017. So when shareholders were clamoring for answers as to where all the dilution was coming from, and Cox said he didn't know, they were very clearly withholding material information. Were the shares being dumped from the $100,000 note they handed themselves that has yet to appear in an official filing, or was it from the $300,000 note? No one knows! Illegal.
This is a disgusting share selling scam. Cox and Talari are the lowest common denominator of OTC trash. They will lie and obfuscate in whatever way possible to sell shares to furnish their lifestyle.
Insider enrichment. Huge salaries. Lies. Baked books. Obfuscation. Huge debt. Billions of new shares waiting to convert. An O/S already at almost 5 billion. SEVEN reverse splits accomplished across their various trash tickers. More reverse splits to come. NEVER one cent of revenue.
This scam is finished.
https://www.sec.gov/page/sec-miami-regional-office
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