ERBB-SIGNED_A_LOI-for-12-million-in-funding:!!! Who the H*** announces that..
We know exactly who.. Do other companies announce signing a LOI to get a loan?
These press releases all ditto the ones from 2014-2019 and a child could see that they are all written by the misleading PR master himself.
Basically every company in the MJ sector silently did more in <2 years than these guys in 14 yrs, and it's hard not to call them a share selling scam considering the majority of acquisition/LOi's/etc announcements that never happened.
12million LMAO seems excessive and unnecessary & UNBELIEVABLE THAT anyone would loan MONEY TO ERBB..even at 25% . .
So what are they up to ...
After 13 years of loaning themselves money and making millions doing so, you think they let an *outside entity make the interest on a hard money loan .. Hell No..
Are they scrambling to combine funds to loan back to themselves @ 30% ?
Did the SEC warn ERBB TO STOP the accounting and toxic debentures b.s.? Is that why they are doing outside loans from outside institutions?
Those A.C. coolers were announced and delivered months ago, I thought also paid for, lights were paid for, tables paid for whats 12 million for?
They have paid MILLIONS of doillars for interest already now Mortgage and 12 million loan ., B.S. at best.
12 million is just an excessive amount to consider paying interest on when they already announce the project was completed and paid..
Is it just a coincidence that after the SEC investigation involving CANX has ended & ERBB has not even mentioned it but they do mention buying a license and dispensary?
What I see happening is that after they take the loan from "whoever" that CURALEAF happens to offer the Nevada licenses and ERBB takes the majority of the loan and buys the license for 1 million and ERBB claims it cost 10 million..
I imagine It would be much easier to get a loan on a project that already has a contract to sell everything then to get a loan for a license to open a storefront in an industry that doesn't allow banking.. LMAO even getting a loan from an institution when banking is still not sorted.
The only thing going for AG and gives any clout in the industry is a contract w Curaleaf and AG has mentioned that name a redundant amount of times. IMO Curaleaf being involved w/ AG has hurt the Curaleaf brand/name and the PPS has only gone down since the "said '' contract was drafted..
With that said, imo the Curaleaf contract which is the only good thing about ERBB and that they buy all the weed from the harvest, so now what ERBB is going to do is break the contract on some stipulation & burn the only leg they have to stand on..
IMO this whole loan thing is just another scam in progress , that's what they do best is make up stuff to see if the investors bite & if not enough they announce another PR event that even if not worthy of an announcement.
It's amazing they slithered out of the CANX investigation, well so far they only ignored responding while the 2 founders hid out and pretended to not be part of the company. There is no possible way to ever convince people that SS or PJ stepped away from this cash cow.
With them both at Pan PAcific (maker of vending machine which was Stephens project) and 10th planet partners (ran by Peter jacobs, w/ Stephen a project manager)) who loans money regulary to ERBB any fool can see they are currently hanging low, hiding out and i have a feeling now that CANX investigation ended they will reappear again just like his PR annoucemnets have.
Think about it who would ever walk away and put a company on the map and make fraudulent statements for 5 years (2014 - 2019) and walk away quietly whe the billions of shares and millions of dollars of ill gotten proceeds can fall back anytime any year.. No way did he walk away. THINK ABBOUT it ..
To be continued after further research on loan origin..
