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Re: Rhinegold post# 103742

Wednesday, 07/04/2018 8:09:12 PM

Wednesday, July 04, 2018 8:09:12 PM

Post# of 142961
For clarity, a company is considered a subsidiary when another company owns 50% or more hence the 50% ownership in BDCI was a subsidiary relationship. Now TGGI owns 30% hence it will still use the equity method of accounting and book 30% of its investment’s income on its income statement.
The longs and the shorts should chill and not hastily rush to judgement as huge returns on investment could very well be missed with hasty judgement. I wouldn’t recommend putting your life savings into this but a mere $1,000 investment will get you a million shares and that is enough for anyone to make big dollars here if the price should move favorably. I believe it will eventually.
As someone working in the industry I can attest to the fact that everything moves very slowly due to banking restrictions, regulations, and not to mention the known obstacles facing a startup. In the MJ sector revenues are 99% cash and the banks don’t want it and will shut your account down based upon those suspicions. That makes paying bills and payroll very difficult. This can consume your time and resources. Progress on any front is a big deal because of all the obstacles. So hang tight, from what I am hearing, seeing, and learning from investors the rewards will be beyond any ever seen. TGGI appears to me to be one investment with promise.