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pelanganos

01/26/19 2:51 PM

#35530 RE: Waldo3 #35528

Everything has an explanation. I must be one of the idiots who think it is normal for the quote to stay where it is, and that is willing to continue buying.

If you delve into the last 10 K form published by the company you will see that when qualified as an emerging company they are not obliged to issue accounting information for the last two years, this dispensation ends in December of this year (5 years in total) and from then on they have to do so.


On the one hand we have Shi farms doing things right, if you follow them in the networks you will see that they are an enthusiastic team with the project. Preparing for this year 2019, new wider harvest, processing plant and who knows what else.


The money machine is running.

And on the other hand we have the parent company Notis Global with everything it drags.


In the last 10 K they tell us (pag.8):

"The Company may also be obligated to issue an additional 114,889,067,758 shares of common stock including shares of common stock issuable upon exercise of options and warrants and excluding shares of common stock issuable upon conversion of convertible notes There is no assurance that the Company will ever have enough authorized shares of common stock to honor the exercise and conversion requests of its options and warrants."

This alone scares any investor who is not familiar with the history of this company.

But on p. 41 we see this:

The Company had the following common stock equivalents at December 31, 2016 and 2015:     December 31, 2016 December 31, 2015

Warrants     69,757,748    40,870,000 

Convertible notes - r. party     10,500,000      - 

Convertible notes     114,808,810,010      6,820,000 

Totals     114,889,067,758      47,690,000   

But at the end of the document we already see that there is a refinancing contract until May of this year to pay part of the debt. And now they have money because they have had a harvest and they are selling the CBD.

A few years ago, the company's activity was stopped pending a judicial resolution that could affect its continuity. In the end, the initial managers were blamed (Vicent Mehdizadeh and others) and it was ruled that the company was not responsible.

During that time the managers, Goh and Pyatt, were dedicated to their private businesses also related to cannabis. Businesses that wanted to sell to Notis Global once the court ruling came out and it was ruled that the company could continue its activity.

But someone in the company did not like this as is logical. Important point this because if this is crap as many say, who cares what is done or not done?

Goh and Pyatt are forced to resign. And from here is where another stage begins and of which there is not much publicity.

-They come in contact with Trava and Steven Turetsky, there are money loans, the farm is rented ...

-The address is changed to New Jersey to the same of an investment group, AEON.

-Notis publishes that a financing agreement is reached with AEON to harvest on the Colorado farm.

-Shi farms appears.

It's a bit of history to know where we are now.

-The debt is being paid and the company has money and more that it will have with the new harvest, agreements with farmers, agreements with other companies, etc. So I deduce that they will not need to issue as many shares as they say.

- What they surely have to issue is the following:

- 3,7 billions for Ned Siegel (chairman)
-  1% of the total outstanding Company’s common stock when the Company increases its authorized common stock, for 5 persons 4 directors and the chairman.

-In the last 8 K we see: " we shall issue to AEON that number of our shares as is then equivalent to $100,000 (the “Shares”). The number of Shares shall be based upon the 10-business day trailing VWAP of our common stock as of the date on which we may first issue the Shares."

When the company receives funding from Aeon it is with shit in its neck. Aeon is willing to put money ($ 1 million) but in exchange they want her piece of the pie and that part will depend on the price of the quotation.

On the other hand, although the cultivation of hemp has been legalized, Notis is interested in having good relations with its financier (who on the other hand has been the one who saved it at the last moment).


-If they have to issue more shares for debt, we'll see. For the moment they are paying and there will be no money problem.

It is very difficult to understand why Aeon is going to put money in this matter if they know that for the 100,000.- dollars they will receive a small handful of shares of the company and that in addition Notis has to issue that huge amount os shares (114 billions)-.

I think that Siegel and the others are not interested in having to issue 114 thousand million shares, their participation would be diluted a lot.



-I think all of them are not interested in Notis quoting very high right now.

In May the debt payment contract expires, they start with the new harvest, we probably have news of the processing plant in Colorado and the agreement in New York with another company (possible Canbiola), we have an interesting 2019 ahead. We will see.

It is time to have patience, and if we are idiots or not time will tell.