LOL.. OK THE SEC PUTS OUT BOGUS FICTION.. YOU KNOW HOW RIDICULOUS THAT SOUNDS? LET ME SEE.. WHAT DO WE POST TODAY.....?
ALL THE SHARES DUMPED FROM NICOLE OVER THE PAST YEAR? WHICH IS MILLIONS AND CLIMBING... BEEN THERE OWN PIGGY BANKS FOR ABOUT 20 YEARS THESE TWO COMPANIES.. SPEAKING OF SEC THERE IS ABOUT TO BE SOME CURRENT SEC BOGUS FICTION IVE BEEN TOLD..LOL WE WILL SEE..
.20'S AND DROPPING.. LOOKS LIKE THERE GETTING ALL THEY CAN FOR IT NOW.
TODAY'S INFORMATIONAL #FACTS MATTER POST IS..
WALL STREET SKEPTIC
Keeping an eye out.
POSTED ONJANUARY 9, 2017 BY SENTINEL
Trudging Through the Weeds: Weed Inc (BUDZ)
I’m starting with this one because they’ve had an amazing pump over the past few days. The first thing I noticed about this company was the management team. The company’s management page lists Glenn E. Martin, Nicole M. Breen and Ryan Breen. Glenn and Nicole are immediately recognizable. You may remember them from a crummy gold rush penny stock back in the day, United Mines. United Mines generated an epic amount of drama between shareholders, the board, Glenn and Nicole. A complaint was filed with an Arizona superior court alleging Federal and State Racketeering, Common Law Fraud, Breach of Fiduciary Duty, and Conversion (available from the SEC here). The board removed Glenn and Nicole and over two years of the civil battle ensued until the defendants settled. Apparently, Glenn and Nicole regained control of the company and renamed it to WEED INC, a medical marijuana company that owns 3 gold mines that haven’t mined much for awhile. According to their website, they have lofty complex goals of cannabis farming, government lobbying, security system selling, consulting and getting listed on NYSE, while also trying to get those damned mines operational. Man! Glenn, Nicole, and Ryan must be pretty busy!
Well, lofty goals require a lofty loft. Let’s see what their offices look like. OK, the Contact page lists the following:
1 South Church Avenue,
12th. Floor, Tucson, AZ. 85701
At least they have the 12th floor of that fancy downtown office building. Wait a minute… that floor is run by Regus. Regus let’s you rent out 12th floor office space, maybe a desk for the day or even just get a professional address there for around $3 a day without ever having to show up. OK, so what about the other office?
3960 Howard Hughes Parkway, Suite 500
Las Vegas, Nevada 89169
Oh man, look at those palm trees—wait, that one is a Regus office too?
So where’s the money going to come from to scale the offices and employees for this giant conglomerate? My guess is people like us. According to the financial statements they release every once in awhile, their incoming cash comes from notes payable (e.g. borrowing) and selling shares of their company. That cash doesn’t get very far, with a large portion going to pay the very busy (I’m sure) company officers. They report having $137 in cash and $329 worth of property as of June 30, 2016 in the most recent quarterly report they’ve posted. Yes, that’s one hundred and thirty seven dollars of cash in the bank. Services provided to the company seem to get paid for by shares and shares are the one thing the company does have to offer.
Do they plan to actually carry through creating all those business units and becoming the Disney of weed and gold? Or do they plan to continue to offload shares as the stock continues to get pumped through their hype machine? I don’t know, but I can’t help but feel they are either obscenely ambitious or simply up to no good.
If you know more, know of a broker who is pumping this junk, or want to defend Weed Inc, shoot me an email.
***WE ALL KNOW THE ANSWER.. ALL WE HAVE TO DO IF LOOK AT ALL THE FORM 4'S OFFLOADING SHARES CONTINUED
