I have a security advisory concerning growop technologies. They do business under growop tech, growop technologies ltd.
The founder of the company was a decent guy, he partnered with a Morgan Stanley banker who offered to take the company to IPO. When they went IPO the Morgan Stanley guy never gave the actual founder his shares of the company, he accused him of stealing and kicked him out. The Morgan Stanley guy puts the company in the wife's name, as he is on disability from Morgan Stanley and doesn't want Morgan to know about his business ventures. Growop techology ltd builds 53 foot trailers for marijuana cultivation.
John bought such a trailer. He is a bit of a lunatic I must admit. He put $20k down and was contracted to pay the balance after his first harvest. The trailer price is right at $80k.
First off growop was a couple weeks late delivering the trailer, but they didn't postpone the harvest dates in the contract. John grew out a decent grow, but the week before harvest he received notice the balance payment was due. He thought he would financially be able to pay the trailer off in about 3 weeks, after monetizing the harvest, and he ignored the notice.
Growop technologies repossessed the trailer 2 days before harvest, in the middle of the night, with a crew from growop and a tow truck. They harvested the bud and sold it. I know this from talking with John first hand.
I drove by growop tech and noticed 2 more trailers in their yard. I hear second hand they repossessed these trailers also. Also they've repossessed every trailer they've ever sold.
