Jeffro, it's pretty simply why I presume the other companies didn't have the same business plan, because medical mj wasn't legal in FL and OH in 2004, 05, 07, 08, 10, 12! This is a new business in an emerging market, and that's a real reason to jump in it!
Sucks for any investor to get caught with a bankrupt stock. I'm real close to many that were with Winn Dixie Supermarkets - people lost millions! Now, it's not fair to compare Winn Dixie with pinks, but to your position on PAOG - I do not see the logic in correlating a failed past company with different products/services and CEO/management to a completely different company/product/service under different CEO/management's perceived non-potential success...just because they purchased the shell.
Yes, there is still a bigger gamble down here, but I have more confidence in a business I can see, with customers receiving services and revenue being generated.