It’s easier to stop buying volume in a thinly traded company with a quiet management. The only thing is the filings and investor(s) portfolio companies ; compliancy in cash, state and payments with blue line protection group, simplifya (in 30+ states) and Hypur all with one thing in common - Hypur Ventures with managing director Christopher Galvin *chairman of BLPG
Hypur ventures having 2 funds Hypur Ventures | and Hypur ventures ||. Hypur ventures | was combined into the public company $KERN with mj freeway into an OTC company called MTech acquisition corp (holding company) and brought public with a $50m pubic offering to existing investors @$10 share issuing 5m shares.
This is very familiar with $BLPG only difference is MTech was publicly traded but no revenue and SPAC status. BLPG has revenues $5M / year with debt owned by Hypur ventures || and companies tied to Christopher Galvin / Chairman of $BLPG who have deferred interest payments. Christopher Galvin since chairman has paid off all toxic debt and locked up the float ( somehow - no flings?) check out 3 year chart*)
It seems Hypur ventures || has winded down as the site has gone away and managing directors have left. The odd thing is their small number of investments/ owned companies are growing rapidly and all have one thing in common “Compliance.” This leads me to believe that they using the only publicly traded company in the Hypur Ventures || fund called blue line protection group $BLPG as their Hypur Ventures || exit to bring their cannabis compliance portfolio companies into a business combination traded publicly on the Nasdaq.
my thinking … not investment advice
$BLPG can raise $50m @$10/share = 5,000,000 shares with current AS (authorized share structure of 14m.) The fully diluted $BLPG would have a market cap of $140m before uplisting to Nasdaq which they would qualify for.
BLPG, simplifya and Hypur not only have Hypur ventures and Christopher Calvin in common but John Vardaman III.
“Skinner replaces John Vardaman III, a former head of the Justice Department’s money laundering section who Simplifya hired in 2019 to be its general counsel and chief compliance officer. Vardaman joined the company after serving as general counsel for Hypur Inc., a Scottsdale, Ariz.-based payments and banking technology platform that works with cannabis dispensaries.” *Both majority owned Hypur Ventures || portfolio companies.
Simplifya raised $6m to launch a new payments company called simplifya with Jeffery Katz and Blue Zone wealth advisors.
“Simplifya, a provider of regulatory and operational compliance software for the cannabis industry, has closed a $6 million Series B funding round led by Blue Zone Wealth Advisors.
The round also included existing investor Merida Capital and several new investors, including Mercury Payment Solutions founder Jeff Katz, who also joins the company’s board of directors.”
“This suite of commerce solutions — which includes e-commerce, employee incentives, customer loyalty/rewards, and direct to consumer (DTC) marketing — is built on proven technology that has been in use for more than nine years by one of the largest coffee retailers in the country, boasting more than 11,000 locations worldwide.”
Remember surrounding all of this is one man Christopher Galvin who has personally and through Hypur Ventures millions $$ invested in these 3 companies $BLPG , simplifya and Hypur)
My thinking….
Hypur inc’s technology and IP / trade secrets from John Vardaman III, former head of the Justice Department’s money laundering section will be merged into simplifya then into Blue Line Protection group $BLPG to launch TENDR ( with Payments expert Jeff Katz) who has had many successful exits
DENVER, Aug. 19, 2021 (GLOBE NEWSWIRE) -- Simplifya (“Simplifya” or “the Company”), the leading regulatory and operational compliance software platform serving the cannabis industry, announced the appointment of Jeffrey (“Jeff”) B. Katz to its Board of Directors, effective immediately. The two-decade point-of-sales (“POS”), fintech and technology pioneer is the Cofounder of Mercury Payment Systems Inc. (“MPS”), which was sold for $1.6 billion to Vantiv, Inc., and then, acquired by Worldpay Inc., a subsidiary of Fidelity National Information Services, and MassPay Incorporated, a fintech company that provides the largest number of payout options.
Katz, who is an investor in Simplifya, will advise the Company on the expansion of its operational footprint, as well as the launch of its newest product offering, TENDR™, a payment processing solution that utilizes the Automated Clearing House in collaboration with an Originating Depository Financial Institution (“ODFI”) in order to ensure a compliant, lasting, payment solution for participating cannabis-related businesses (“CRBs”).
If this were to happen a $10k investment @ $.16 cents / share (current price) 62,500 shares would be worth $625k @$10 share.
I will continue to accumulate but again this is not investment advice just my opinion and calculated risk based on filings and involvement in the cannabis industry.
Cheers I’ll continue to accumulate shares in the meantime.
