Replies to post #33002 on CGrowth Capital Inc (CGRA)

[Prudent Capitalist]

Bingo!! Nice find. Thanks for sharing it:

People are clearly quite excited about the news, but we're still not entirely convinced. Also on Friday, CGRA published their report for the first quarter of 2015 and they presented us with the following figures:

•cash: $1,729

•current assets: $185,087

•current liabilities: $1,911,198

•quarterly revenue: $46,963 (a 58% drop on a quarter-over-quarter basis)

•quarterly net loss: $210,358

These sort of figures aren't really in line with the “game changer” argument, and we should probably point out that a few questions pop up around CGRA's new partners as well.

Wildfire is a private entity which means that we don't know what its financial situation is. We do know, however, that it doesn't have a website and we also know that Wildfire Cannabis Company LLC, the company that is about to spend more than $2 million on rent alone, was incorporated just over eight months ago.

http://www.hotstocked.com/article/90137/cgrowth-capital-inc-otcmkts-cgra-likes-the.html

[ANTI-BAGHOLDER]

Lol- the pps was at .001 in mid March, so a conversion of .0006 makes sense doesn't it. It's now over two month later and the stock continues to rise since the bottom.

$CGRA only a little real DD is needed to see where this company is going.

[Prudent Capitalist]

Yikes!

The Q1 report tells us that on March 10, 2015, CGRA issued a total of 40 million shares in order to satisfy just over $25 thousand worth of notes. This means that some people were receiving a significant amount of stock at $0.0006 per share while retail investors like you were paying $0.0017 for it on the open market. As you can see from the figures above, the amount of debt at the end of the quarter was by no means small and if a larger portion of it gets converted into discounted stock, the effects on CGRA could be quite serious.

http://www.hotstocked.com/article/90137/cgrowth-capital-inc-otcmkts-cgra-likes-the.html

[EpicPlays]

Lol, they listed the current assets at 185k, more like 10 million haha!!

[King Kratos]

Washington State Substance Control agency provided Wild Fire Cannabis with their Tier 3 grow license as of Sept 8th, 2014... So yea of course WFCC is only going to show as an 8 month old company.. Washington had just legalized MJ and started applications for a Tier 3 license in the beginning of 2014 lol. Your saying "8months" like MJ has been legalized in Washington for decades....

From the PR last Tuesday it stated that "further business opportunities, should be released by week's end" regarding WFCC... SO people were well aware of a PR announcement days before it was released. So a alert 2 hours before "week's end" doesn't justify any wrong doing lmao.