The "consortium" of IJJP, TWDL, GEAR, ENTI, CWIR and HALB is nothing more than a blatant scheme orchestrated by Randall Goulding to issue billions of free-trading shares in these six companies to himself (via his law firm and his wife Robyn), two of his sons, Clifford Pope (IJJP CEO) and several other individuals.
Goulding's scheme requires the shares to be sold on the open market and some of the proceeds to be paid to WOM and MPT which are then supposedly going to build MJ farms, obtain licenses to cultivate and distribute MMJ and then pass some of the income to the six companies that issued the shares.
The scheme abuses the Section 3(a)(10) exemption from registration and also involved false statements made to the court which was asked to approved the share issuances.
It's a scheme that very few people understand but is blatant fraud IMO. I would not be surprised to see enforcement action by the SEC against IJJP and one or more of the other public companies as well as action against Goulding and other individuals.
Some of the documents used for the "fairness hearing" have again been made available on Pope's cannabisheadliners.com website, however the smoking gun "Confidential Private Disclosure Memorandum" is not one of them. This document is proof that the farms do not exist and that the projected income purely "hypothetical."
None of the other 5 companies in this blatant dilution scheme are issuing PRs to hype the hypothetical future income their shares are being issued to "purchase" even though two of them bought "rights" to obtain even higher hypothetical income.
Cliff Pope has exposed himself and IJJP to possible enforcement action by issuing several false and misleading PRs to hype the sham arrangement in an effort to pump and dump IJJP stock and, by mentioning the other 5 companies, their stock as well.
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