Replies to post #67415 on Primco Management Inc (fka PMCM)

[num1inv]

Been thinking a lot about that 98%....PR stated gross revenues....so before operating expenses....If net revenue is let's say 50% for example that is the equivalent of 4% net, also doesn't state other possibilities such as monthly lease payments, management, etc..... that 98% may be deceiving... like to see the full details on an 8K.

[oh_know]

I think the deal is with the 2 land owners. PMCM isn't buying the land. They will rent the land and the Licenses and then cultivate/produce on the land using facilities they will build and control for 99yrs. This is good business because if the land owners do not get the licenses then PMCM is not obligated to the land owners.

From the PR

"the Company has entered into an agreement with private land owners to acquire two five acre parcels zoned for medical marijuana cultivation in Snohomish County, Washington, where the Company plans to build two 30,000 square foot production facilities. Primco has signed letters of intent with Alon LLC and Lano LLC to manage the production and sale of medical cannabis on the 2 parcels, pending the issuances of their respective Tier 3 licenses. Terms of the management agreements include terms of 99 years with Primco retaining 98% of gross revenues."

[johnnytrader33]

They own no land nor will they ever own land. Just a share selling scam.

[hg42]

WAKE UP CALL 1!!! the vetting process to be involved in MM SALES is very in depth for ALL EMPLOYEES and THE CORPORATIONS, I doubt a "scam" company would get through

WAKE UP CALL 2!!! These operation are illegal under Federal Law the FEDS are doing their investigation as they are eager to have a modicum of an excuse to close a MM down!!!

WAKE UP CALL 3 !!! after PHOT do you think anyone would risk the scrutiny for a scam?