Thursday, June 06, 2019 12:43:39 PM
My post was removed again, this time labeled as a personal attack. I didn't attack anyone. Billy must have clocked in.
Who wouldn't spend a whole year trying to start a company in a multi-billion dollar industry (CBD/Hemp) that really hasn't even started yet. The USDA hasn't even finished setting up its framework to allow states to commercialize hemp production. Should be in place by fall for next year's crop. States are just beginning to form their own hemp laws (such as Texas and Arizona).
https://cannabislaw.report/usda-anounces-plans-to-promulgate-regulations-in-fall-2019/
Although RG does not own common shares, he does own preferred shares, and will make 10% preferred dividends, therefore the first 10% every year gets allocated to his preferred shares. So what he owns no common shares, I bet his family and friends do. There is incentive to start-up and make revenue. What happens when you start an LLC? Typically the owner doesn't take a pay until its profitable. You try to sound intelligent, but it doesn't work. The longs here are a lot smarter than you think.
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