Yes what about the elephant in the room?
I’m not a mindless pumper of this stock but I’m not willing to bash a management team that is brand new to me.
Especially not on some shoddy DD. The company has yet to prove itself. It may turn out to be a total bust, but to call it fraudulent right off the bat without any proof is not fair.
Anyway I’ve done my own DD thanks. I’m posting some of my findings but again, for anyone reading this, you can find a lot of good information (most of which actually hasn’t been discussed on the boards) if you know where to look. Now on to yours...
You conveniently ignored the fact that the city website and the developer’s site are in agreement. Which obliterated your argument that the permitting was falsely represented. It took about 5 minutes to look that up. Hey thanks for acknowledging that point, very big of you.
It took another 5 minutes to find the rental agreement attached to the s-1 which identifies the parcel. Which btw is described as an incubator site and is to include lab space.
You conveniently ignored that I stated the sight is obviously under construction and will plainly take years to build out. But parcel 33 appears to have mobile structures on it which actually would be completely fine for a small volatile extraction facility out in the desert. (Thanks bro in law with PhD in biochemistry. Oh also thanks me for doing a site visit. But before anyone asks NO I didn’t just walk into their facility. I guess that makes me part of the conspiracy yayyyyyyy.)
If you spend 5 more minutes you will find pix of their equipment and extract - but of course you can claim that’s all part of the fraud. Whatever.
It may take a weeeee bit longer but if you look you will find information about their production capacity, supply chain, sales partners and so on.
I find the company promising but untested. A lot of promising early stage companies go belly up. It’s penny land - huge risks.
Finally kudos to you on your wonderfully old school sexist remarks about Kim Contreras. That was refreshingly nostalgic...in the same way that stale cigars, 4 inch thick steaks, fine Corinthian leather, the smell of Wild Turkey and and mustard gas are refreshing. Say what you will about the IG account - I’m not a fan of these sorts of things but I follow precisely because you get a grain of information now and then.
Oh and she also founded sugarstoned which GBI took over.
Good luck with your DD.
