Mattie711. Few things -->
You wrote;
Mallen, IMO- Exception would be Joseph Noel's involvement with SGMD. JN is a convicted felon- that has been working with CEO, Jimmy Chan...for YEARS. JN, is also the Director of Research at Cannabis Global/CBGL; also working with Jimmy's old work associate, CBGL's CEO, Arman Tabatabaei. Do you feel that JN's involvment could put CEO, Jimmy Chan at risk?
BTW- SEC banned JN from all penny stock activity- LIFETIME BAN! It's public information.
Anyone have an update on Joseph Noel's pending DOJ sentencing? Records are sealed. Ouch! IMO- Looks like JN has racked up a long list of company failures. Same game, differerent companies. Same Joe hiding.
Convicted felons are allowed to work with these schemes as long as they are not on the BOD or an associate of the company. A lifetime ban does not mean they cannot help and can still run the show from behind the scenes. If JN’s records are sealed is because he paid a fine to the SEC that negated the DOJ’s prosecution.
Since Jimmy is doing legally what others are telling him to do, Jimmy will not be arrested or be a convicted felon. This issue is moral not legal. I have not seen any evidence that JN is a convicted felon. IF he was banned from being part of an OTC forever it is because he violated some stock fraud regulation or other SEC action that was not protected by the disclaimers. JN will make mega bucks on the sidelines.
Jimmy is a puppet of a larger seasoned group of people who have the money to pay off debt, Hire pumpers and also to move the stock to any price they choose. Jimmy is more of a sellout for a few bucks and was targeted due to his company failure in the paper industry that was converted to a MJ stock because that is the hot market topic that attracted investors.
I am surprised they did not reverse this into a baby formula scheme yet, but there is still time ;).
JN does not make companies fail by accident or bad business. A failed OTC is part of the plan. “TO MAKE IT FAIL.” When you say JN has a long list of failures is how you see that but for him they are tremendous success.
Now you would ask yourself, Why not just make the company WORK and everyone wins right? Because intent and if’s and maybe’s, generates the same amount of money and they don’t have to spend any to make the company work or higher employees or face regulatory health and agri market compliances. Selling shares on a scheme is all cash and no costs. Less costs means more cash for those running the scheme.
It’s like a lemonade stand. You sell people who walk by your stand, a coupon for a large cup of lemonade they can redeem tomorrow. You sell 1000 coupons for 90% off the $1.00 price. When you sell all the coupons you break down the stand and vanish and you make all the money never having to buy even one lemon. And each buyers says, “It was only $.90 so no big loss.”
The difference with a lemonade stand and stocks is, the lemonade coupon is only good for a glass of lemonade. But with stocks, people invest a little believing it will rise well above the coupon (share) price. You can’t buy a $.90 coupon for lemonade and resell it for $10,000. But the hopes to buy coupons (shares of stock) for $300 and get 300,000 coupons at $.001 can be sold one day for $1 and you make back $300,000.
I guess if you kept the stand open the next day when people came to redeem the coupons you say the lemons are being delivered tomorrow but to be fair you sell them all 10 more coupons for the same $.90 so they think they will get 10x for the same price. Cost average a lemonade stand just like stocks.
The choices OTC schemes have are to make money on a failed or successfully scheme. If the company fails but makes them 10’s of millions then for them it is a success but at the cost of retailers who perceive it as a failure for the fact you lost money and no other reason. Just like the failed lemonade stand that failed but for the coupon seller it was a success.
If money is made on an OTC scheme for investors but is still a questionable company, no one cares. Proof if when Suissac cheered Jimmy knowing the company was a scheme when the stock went up, but when it goes down he says arrest the crook. Then if it goes back up, Jimmy is his hero.
Investors condone bad behavior and those running the show are all too happy to not disappoint. That means investors condone the plan and most know the stock will tank but feel they can make money even as other investors jump in so they can get out. But as I have said, the schemes never let the price rise so anyone can make money other then those running the show. All the money they make from investors is their money and you cannot have any of it when new investors jump in.
To make more on a declining share price just issue more dilution to the float. They sell more shares for less to make the same money selling less shares for more on the initial stages of the scheme. They win, investors always lose.
The schemes set up to take your money and not let you ever make it back and investors are forced to buy more to cost average as the price drops and never rises.
JN is actually a very good businessman; he knows how to make money on people who love to lose money. That is an undisputed fact.
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