Replies to post #67888 on Indocan Resources Inc. (IDCN)

[stoflat]

They are probably real. BUT a LITTLE amount of thinking and you can figure out that it isn't a good deal.
They can't pay for employees to harvest these plants, so they offer this company revenue sharing for cultivating them because Larry cant do it all himself, which just cuts into the amount of money IDCN takes in.
At the same time, since they don't give us any details on what EXACTLY the partnership agreement entails, we just have to guess. But I assure you it isn't anything favorable to shareholders.

They harvested 350 plants last year, which is less than 1/3 of an acre. DD will show you that a FULL acre of hemp(1500 plants) can bring in $50k in revenue, when you extract it for oil, which is how you get the most revenue per plant. And IDCN, per blog, so far has not extracted the plants for oil, they just sell the cut and uncut bud, the least amount of revenue that can be made. So, do the math.
They have 2 accounting firms working on an audit for the past 6 months and still no completion. How long does it take to count to ZERO anyway? lol
I'm not saying this will never do anything, just saying nothing will come of this stock for a LONG time.