1pm Industries Inc (OPMZ)

[Stock Caller]

$OPMZ

INVESTORS BEWARE:
https://twitter.com/homelssmillionr/status/1340274622395125760?s=21

https://www.securitieslawyer101.com/2020/sec-says-toxic-funder-john-m-fife-is-an-unregistered-dealer/

Fife has operated as what’s called a “toxic lender” for many years. Microcap companies trading on the over-the-counter market typically have limited access to traditional financing. Desperate for cash, they sign on with financiers like Fife who purchase securities—usually convertible promissory notes or convertible debentures—from them. The financiers charge extremely high interest, but that’s the least of their clients’ problems. Upon conversion, the lenders enjoy a discount to market price that may be as high as 60 percent, and higher in the event of default by the issuer. As he converts portions of his note and sells the resulting stock into the market in a series of tranches, the stock’s price plummets. That is why these kinds of instruments are called “death spiral convertibles.” Eventually, the dilution caused by the conversions may force the issuer to reverse split the company’s stock. Sometimes it drives the company into bankruptcy.

Notice the terminology “death spiral convertibles”

I dumped my shares. Had 10 million until I found this article.

Marijuana stock or not, this is garbage. SS doesn’t matter when the CEO is crooked and a horrible businessman.

My strong recommendation, dump your shares and find another stock that is solid to invest in.

Get out and don’t look back on this one.

Have a good day.