Thursday, July 26, 2018 12:48:22 PM
GRPS, ENTI, RSHN - XYZ Hemp Inc.
Honestly I'm not entirely sure what they mean by IPO. It appears they are renaming the GRPS shell to XYZ Hemp Inc (or attempting to). I see lots of issues there since GRPS is technically still a defunct Delaware entity that owes a ton of taxes to the Delaware SOS.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142477852
I sent a note to FINRA so they have a heads up about the domicile issues surrounding both GRPS and RSHN. I suspect that both GRPS and RSHN will run into difficulties with getting any future corporate actions approved by FINRA because of the way they moved the shells to new domiciles without paying back taxes owed and filling out all the proper paperwork at Nevada (for RSHN) and at Delaware (for GRPS).
In the note I included the info about the private "IPO" offering. An IPO is when a private company sells stock ahead of going public. Usually they go public through an SEC registration statement so that the stock that was sold in the private offering is registered so that it can be resold into the market. It appears that the plan with XYZ Hemp Inc is to go public by splitting up the businesses that fall under the XYZ Hemp umbrella between the 3 stop sign shells - RSHN (Knockout Punch), GRPS (??? not sure yet), and ENTI (??? not sure yet).
XYZ Hemp Inc touts a lot of businesses under its umbrella - Knockout Punch (athlete endorsed CBD water and CBD sleep aids which has already been tied to RSHN), Western Sierra Resources Corp (with water rights in Colorado that they say can be used for Hemp growth and CBD research that will bring over $200 million in revenues annually), Milagro Investment Group (which allegedly has hemp growth & distribution licenses), and future products like CBD infused pancake syrup and CBD infused cookies.
http://xyzhemp.com/
I guess the plan is to kill two birds with one stone. They get to pump their 3 stop sign tickers (RSHN, ENTI, and GRPS) all while raising money in private at the same time - $50,000,000 is their goal
Since the price on the XYZ Hemp stock even at the discount ($1.42/share) is many multiplies of the market prices of all 3 stop sign tickers (RSHN, GRPS, and ENTI) I assume any future reverse mergers/acquisitions will involve a share exchange so that XYZ Hemp Inc stock will be exchanged for shares in RSHN, GRPS, and ENTI at many multiples (for example 1 share of XYZ Hemp = 1000 shares of GRPS).
If it is done that way it wouldn't be considered a dividend that would have to be processed by FINRA (as opposed to if they were issuing XYZ Hemp stock to RSHN, GRPS, and ENTI shareholders).
All offerings like this have to come with a prospectus. Without seeing the prospectus for the offering it's impossible to be entirely sure exactly what the plans are. If anybody fills out the form to receive more information from XYZ Hemp Inc about their offering please let me know what information they send.
http://xyzhemp.com/
Obviously when you look at the 3 shells involved - RSHN, ENTI, and GRPS (and their scammy histories) - you automatically have to suspect that XYZ Hemp Inc is a scam on some level as well.
In the meantime, if you are bored, it probably wouldn't hurt to send the SEC a note about the IPO offering being done by XYZ Hemp Inc and its connections to the three public Issuers - RSHN, GRPS, and ENTI.
Honestly I'm not entirely sure what they mean by IPO. It appears they are renaming the GRPS shell to XYZ Hemp Inc (or attempting to). I see lots of issues there since GRPS is technically still a defunct Delaware entity that owes a ton of taxes to the Delaware SOS.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142477852
I sent a note to FINRA so they have a heads up about the domicile issues surrounding both GRPS and RSHN. I suspect that both GRPS and RSHN will run into difficulties with getting any future corporate actions approved by FINRA because of the way they moved the shells to new domiciles without paying back taxes owed and filling out all the proper paperwork at Nevada (for RSHN) and at Delaware (for GRPS).
In the note I included the info about the private "IPO" offering. An IPO is when a private company sells stock ahead of going public. Usually they go public through an SEC registration statement so that the stock that was sold in the private offering is registered so that it can be resold into the market. It appears that the plan with XYZ Hemp Inc is to go public by splitting up the businesses that fall under the XYZ Hemp umbrella between the 3 stop sign shells - RSHN (Knockout Punch), GRPS (??? not sure yet), and ENTI (??? not sure yet).
XYZ Hemp Inc touts a lot of businesses under its umbrella - Knockout Punch (athlete endorsed CBD water and CBD sleep aids which has already been tied to RSHN), Western Sierra Resources Corp (with water rights in Colorado that they say can be used for Hemp growth and CBD research that will bring over $200 million in revenues annually), Milagro Investment Group (which allegedly has hemp growth & distribution licenses), and future products like CBD infused pancake syrup and CBD infused cookies.
http://xyzhemp.com/
I guess the plan is to kill two birds with one stone. They get to pump their 3 stop sign tickers (RSHN, ENTI, and GRPS) all while raising money in private at the same time - $50,000,000 is their goal
Since the price on the XYZ Hemp stock even at the discount ($1.42/share) is many multiplies of the market prices of all 3 stop sign tickers (RSHN, GRPS, and ENTI) I assume any future reverse mergers/acquisitions will involve a share exchange so that XYZ Hemp Inc stock will be exchanged for shares in RSHN, GRPS, and ENTI at many multiples (for example 1 share of XYZ Hemp = 1000 shares of GRPS).
If it is done that way it wouldn't be considered a dividend that would have to be processed by FINRA (as opposed to if they were issuing XYZ Hemp stock to RSHN, GRPS, and ENTI shareholders).
All offerings like this have to come with a prospectus. Without seeing the prospectus for the offering it's impossible to be entirely sure exactly what the plans are. If anybody fills out the form to receive more information from XYZ Hemp Inc about their offering please let me know what information they send.
http://xyzhemp.com/
Obviously when you look at the 3 shells involved - RSHN, ENTI, and GRPS (and their scammy histories) - you automatically have to suspect that XYZ Hemp Inc is a scam on some level as well.
In the meantime, if you are bored, it probably wouldn't hurt to send the SEC a note about the IPO offering being done by XYZ Hemp Inc and its connections to the three public Issuers - RSHN, GRPS, and ENTI.
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