Followers | 7 |
Posts | 190 |
Boards Moderated | 0 |
Alias Born | 10/03/2013 |
![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Tuesday, April 01, 2014 4:48:15 PM
http://tech.fortune.cnn.com/tag/rxnb/
He is also the vice president of operations for CEN Biotech, according to this article:
http://blogs.windsorstar.com/2014/01/07/company-invests-12-million-to-grow-medical-marijuana-in-lakeshore/
I had previously searched RXNB to see what Bill Chaaban's role was with that company. I can speculate that he is a large shareholder of RXNB, but that is only speculation - I haven't found any evidence that he is directly linked with RXNB, other than his business relationship with Mr. Alaweih and the agreements between the three companies. I heard him say in an interview on 420Investor that he had sold some of his shares in CEN to help fund the growing facility's construction, and that he was moving money from his own "private company" into the mix to help out with construction costs, but I haven't as yet found out what business (or businesses) he owns. Howeverm for those that don't know, RXNB is a privately-owned company. The interview with Mr. Chaaban and 420 Investor can be heard here:
www.youtube.com/watch?v=fExx1SUXyEM
I agree that the threat of litigation from RXNB against PHOT does not help maintain the most collegiate of atmospheres between the two companies, and that worries me. I am a small-time investor with relatively insignificant funds to invest, and I have taken significant (for me) losses over the last few years in experimenting and educating myself with the market and investment strategies. I invested in FITX largely because of the interest and stake that PHOT has in the company, and because I believe in the potential of what they're trying to accomplish, but I got in late (.083/s) and I don't want to lose big this time. I am cautiously optimistic in the progress of the facility and the upside potential of the company, but I only trust Mr. Chaaban so far. Hearing him speak on 420 Investor and on MoneyTV did not instill me with an overabundance of faith - he obviously knows business, and I have no doubt he knows how to handle the law, but he is not an extraordinarily eloquent speaker, and he has made a few mistakes in some interviews, all of which have been well-documented here by the bashers and fellow-nitpickers. However, he doesn't have to be a great orator to bring the company's plans to fruition. I just hope that the deal with PHOT doesn't go sour, because that would be a major setback, or worse.
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM