Replies to post #2167 on TREES Corporation (CANN)

[HeedTheChief]

In an email to Benzinga, CANN CFO Christopher Taylor said
that “the management of the company [is] as shocked as
anyone,” further noting that “this does not pertain to
any of the restricted shares owned by the founders or officers.

"This relates to stock that has been sold that is free
trading, and we have no control over these sales."

420 Investor Alan Brochstein called CANN “one of the
best companies in the [cannabis] space,” noting that
this is most likely a third-party problem with an
individual investor breaking the rules.

[IBurnPurpleKush]

Stocks generally end up as what is commonly called Grey Sheet stocks after an SEC suspension. Technically, it is the Grey Market.

Market Makers are warned, pursuant to 15c 211 not to publish a quote for the security without reviewing its information statement/clarified information statement

Other OTC or otherwise known as the "GREY Market" is the trading of a security that is not listed on any stock exchange or quoted on the Pink Sheets or the OTCBB.

Other OTC trades are however reported to the NASD so investors can still track price and volume, however bids and offers are not collected in a central spot so Best Execution of orders is difficult.



As of September 21, 2012: From January 2010 until today there have been a total of 1116 SEC Suspensions where ALL 1116 stocks were reinstated on the Grey Sheets after the ten day SEC Suspension ended.

Of the 1116 SEC Suspended stocks since January 2010 645 Registrations have been revoked.

The remaining 471 stocks are on the Grey Sheets (or still in the ten day SEC Suspension within the last ten days) and not one has made it off the Grey Sheets back to quotation by any Market Maker.

Of the 471 stocks that are on the Grey Sheets most are awaiting revocation on DEFAULT for failure to file Financials, wherein there were no other allegations that would require subsequent SEC Litigation(s).

Stocks that were Suspended for any allegations are awaiting SEC Litigation or are being litigated and those stocks will remain on the Grey Sheets and will NOT be revoked until all SEC Litigation has been adjudicated by an SEC Administrative Law Judge.

For additional research the links below comprise all SEC Actions back to 1995.

SEC Suspensions:

http://www.sec.gov/litigation/suspensions.shtml

SEC Administrative Proceedings:

http://www.sec.gov/litigation/admin.shtml

SEC Litigations:

http://www.sec.gov/litigation/litreleases.shtml

Administrative Law Judge Orders:

http://www.sec.gov/alj/aljorders.shtml

[TenKay]

Well then,,,,to be blunt....the Director misled you. The only way this stock will be quoted by a market maker on the pink sheets is by approval of a 211. That is not going to happen in a week. No way...no how.

Also if he thinks CANN was "cleared" to trade on the greys...he doesn't understand how this works...or he does but misled you. Again, EVERY suspended OTC opens on the greys after 10 trading days. No exceptions. There is no "clearing" needed.

[Medflower]

That is very strange as my email from Christopher Taylor the CFO directly contradicts what Scott told you!! He said they already had Spencer Edwards preparing and would file the 211 and then it would take 4-8 wks for FINRA approval so trading on pinks in 5-9wks. Again here is his copied response from email:

Our Form 211 is being prepared by Spencer Edwards and will be filed as soon as the 10K is filed, which should be Monday. Then we have a 4-8 week waiting period for FINRA to approve it and we should be back on the OTCQB.

[McInc]

Any so-called "deal" with Canada or other foreign country is total BS, this has been used in many scam OTC pot stocks lately, look for yourself the PRs released by these PnP stocks, they all target their so-called "market" in countries other than the US, (just how funny ppl seem to foget the US is where the whole buzz should be since it's where the legalization movement is taking place)..Ever wonder why? That's because there were never any deals (other than self-dealings of course), these companies got nothing but a well orchestrated pump-nd-dump scheme. Throughout my 15 years of trading, I have witnessed and personally experienced countless scams just like the ones associated with marihuana sector lately. At one time, I lost 100k on a single company that took me years to get my money back (it was almost 80% of all I had at the time, devastating experience for me and my family)..remember this my friend, you get lucky here and there but if you gamble long enough, house always wins. Considering the time wasted, you actually end up losing big. Among all the active stocks traded Over-the-counter right now, Fannie Mae and Freddie Mac are most likely the only legit ones that offer great potential for capital gains, the only ones you can treat as investment (also trade occasionally). Others are all trading stocks and if you trade long enough you win nothing. Start some DDs on them and hopefully you'll make back the money you lost here..GLTA

[lucky, mydog]

and when it starts to trade on
better market, which it is scheduled next week, the stock
will trend even higher, back over that $20 mark.

lol peters must be smoking too much weed because that is delusional.