And that pr contained these comments from Miller. Knowing what's transpired since, they're beyond laughable. So, don't believe anything Tony says.
According to Anthony Miller, CEO, This is the 3rd dividend that the company has issued to its shareholders in recent years… and this event has been planned for a few months. It is management’s opinion that the issuance in this case is a beneficial activity for this firm, as it is transitioning to a more profitable business model. This month we begin to actively manufacture oil extractions from cannabis utilizing the MRX extraction technology that we purchased last month. This device is the first in a series of purchases that the company will make to keep pace in the growing demand for cannabis products now that California has become the largest legal marketplace in the world.
“Our goal is to produce a wide range of extracted products; and we plan to actively expand our operation aggressively. We start production on the first day of delivery and these devices will all be operating on a 24/7/365 basis. Revenue produced will allow us to become profitable on the first day of operation; and we believe that there is capital to fund growth. However, it is management’s opinion that the warrant announced today will fuel our expansion so that we can continue to grow our opportunity. Management further believes that any additional capital raising should come from those folks who are and have been participating in the growth of this company thus far. Creating toxic dilution of the company’s stock to the detriment of those who have been holding strong with us for some time is not acceptable.
“Management, further intends to file with the SEC to finally become a reporting issuer so that the company will have greater transparency and become financially responsible. The cannabis industry requires true and an accurate representation of every dime made, and it is our goal to become fully transparent to the public market in the same manner. In the coming weeks, management will continue to disclose our progress including video of our delivery and extraction operations and post our progress on twitter, Facebook and on the company’s websites. Our future is awesome, and it was encouraging to see other companies, in the state of Oregon, that started just like us, with just one device and now up to 7 additional devices in less than three year (3) making millions of dollars annually, and their market is only 1/5 of the California market.
“Finally, management believes that this 20% dividend could represent a significant opportunity to the shareholders of record because of two reasons 1) management believes that if management executes its business model the share value should become commensurate with revenues produced by our activities and 2) capital provided because these dividends will fuel growth, and both factors could be beneficial to the company.” commented Miller
You can lead a horse to water. But you can't make him get down on one knee and do an Al Jolson impression!
