Replies to post #54911 on Greater Cannabis Company Inc (GCAN)

[ace65]

I hope they recind the r/s..seen it before to get cheap shares then they cancel it.
If .0004s start going maybe....

[midas716]

Then you haven't read the 14c. I won't post it again but read my last post. As far as the preferred shares are concerned, Aitan's 100m put the total converts, combined with the O/S, over 2B and as such not one single preferred share could be converted. Not 1 single share per the 14c. It pays to read.

I dont believe a R/S is going to happen

[pumper_stumper]

The ONLY way the reverse split will not happen is if the SEC/OTC Markets doesn't approve it due to the company being non compliant, which happens sometimes with scams.

So for me, personally, I would love to see the authorities reject the reverse split!

[stervc]

Truenorth2016, with GCAN, important why we agree to disagree with each other...

Respectfully, we have to agree to disagree with each other. Let me start by saying that first... "usually" reverse splits are not good, especially within the penny stock market. There are a few stocks that do well after doing a reverse split, but not many. Doing a 1-1500 reverse split was something that I was not expecting and that I didn't see coming. Maybe I'm being a block head and delusional to some for still continuing to believe in GCAN. Maybe I'm being stubborn and bull headed to not want to sell down here for a loss. I'm not mad at anyone for what they choose to think or believe. If the GCAN CEO (Aitan Zacharin) had intentions to dump billions of shares to reverse split us to rinse and repeat what we often see some penny stock CEOs do, then he could have done that at any time a long time ago or even now. Still, that is not what he is doing here with GCAN from how I see it. With still having a pretty good share structure, I believe the reverse split is being done for growth reasons and to bring shareholder value as he previously stated in their PR a little while back.

The GCAN CEO, is currently taking Core Gaming, a $160,000,000 company, to the NASDAQ through SYTA:NASDAQ with a similar OS of 787,733 common shares. Just this past Friday, on May 9, 2025, SYTA just traded over $244 Million in dollar volume and was up over 100% at one time trading at $2.00 per share and over $2.00+ per share premarket to close at $1.66 per share. It looks like the NASDAQ market believes in the GCAN CEO, Aitan Zacharin. This is why I believe he wants to reverse split GCAN to get it to the .40 to .60 per share range with an OS so small. Even if they double the OS, after converting some preferred, it still should only be two million shares or so, give or take. Bringing this kind of dollar volume into GCAN post split would easily get GCAN to be trading at some very high dollar amounts.

For example, let's consider some speculation of having a similar company as Core Gaming coming into GCAN. Please understand, I am not saying that Core Gaming is coming into GCAN as it is not. It is going into SYTA:NASDAQ. I'm saying to consider a similar company coming into GCAN because I don't see the CEO doing anything less for GCAN than what he is doing for SYTA since he and his friends own over 70% of GCAN based on the recent filing.

Core Gaming is a $160 Million company that did approximately $80 Million in Revenues last year in 2024. If you were to just presume a 20% Net Profit Margin from a lower 2024 amount of Revenues, that would equate to roughly around $16,000,000 in Net Income:
https://www.nasdaq.com/press-release/core-gaming-gears-reverse-merger-and-nasdaq-listing-2025-03-11

Gaming stocks would trade or exist within the Entertainment Industry after Googling what industry gaming stocks would exist. The Entertainment Industry has a PE Ratio of 83.01 which can be confirmed from the link below.
https://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/pedata.html

For those new for understanding what a Price-to-Earnings (P/E) Ratio is and key dynamics, it is referred to being the growth rate for a stock that exists within a particular Industry. Read the links below that hopefully will help one to see how it's used to assess the fundamental valuation of a stock:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57154170
http://www.investopedia.com/terms/p/price-earningsratio.asp

The current Outstanding Shares (OS) for GCAN is 1,291,888,436 shares as of 05/09/2025. If the OS remain the same, the post-split OS will be 861,259 shares:
https://www.otcmarkets.com/stock/GCAN/security

As a worst case scenario, let's more than double the OS to be roughly around 2,000,000 shares to take into any conversion of preferred shares into common shares.

Now let's derive an Earnings Per Share (EPS) to multiply by the PE Ratio for the Entertainment Industry to consider as an example from the variables above.

Net Income ÷ Outstanding Shares (OS) = Earnings Per Share (EPS)

Earnings Per Share (EPS) x Price to Earnings (PE) Ratio = Share Price Valuation

So...

$16,000,000 Net Income ÷ 2,000,000 shares (OS) = $8.00 EPS

$8.00 EPS x 83.01 PE Ratio for Entertainment Industry = $664.08 Per Share

Since we know that Core Gaming is not coming into GCAN, I think one need not jump up and down thinking that GCAN is going to $664.08 post split. I don't really think so, but we do know that something is coming into GCAN and I believe something of a similar magnitude for the reasons I explained above, we won't know the Industry of which it would exist until it is revealed. There's a chance that it could be a different industry which would warrant a lower PE Ratio as the multiple which would result in a share price substantially lower. So let's consider the variables above, but with multiplying the EPS by a much more conservative PE Ratio of 15 as a worst case scenario to see what we could now get as a consideration for GCAN post split valuation...

$16,000,000 Net Income ÷ 2,000,000 shares (OS) = $8.00 EPS

$8.00 EPS x 15 Conservative PE Ratio = $120.00 Per Share

Now let's take into a post split account the magnitude of a shareholder that is holding only 1,000,000 shares of GCAN that maybe was bought at .0004 per share this past Friday for a value of about $400 spent for this investment upon the execution of the 1-1500 reverse split.

1,000,000 shares ÷ 1500 RS Ratio = 667 Shares

667 Shares x $120.00 Per Share = $80,040 GCAN Investment Value

An investment of $400 for 1,000,000 shares of GCAN bringing in $80,040 in returns would not be bad, but of course this is all based on GCAN delivering as I suspect. All could be all wrong in what I am hoping for based on what could be happening from doing my due diligence (DD). What if I am wrong with the value of what he is bringing into GCAN by a factor of 5, or 10, or 20, or etc.? Do the math as I think one would see that this still could be something really huge. Like I said before, with the GCAN CEO and the others that own over 70% of the common shares of GCAN, it just doesn't make sense that they would not have their own best interest at heart and agree to do something like this to reverse split their shares to hurt themselves. I just find it hard that they would all agree to screw themselves like this. I am very confident that they know exactly what they are doing and why. I think the GCAN CEO is setting himself up (and those shareholders that believes in him) for the big pay day. Him taking care of himself will be taking care of those shareholders that come along for the ride while he is taking care of himself. Just think... The GCAN CEO, Aitan Zacharin, owns 230,533,304 shares of GCAN . Post split, that's 153,689 shares. If you understand what I posted above as a valuation consideration, he would be potentially setting himself up to be rewarded this below...

153,689 shares x $120.00 Per Share = $18,442,680 GCAN Investment Value

I know this might be hard to believe by some, but read the GCAN CEO's resume from the link below of what he has previously achieved and consider what he is currently doing as I explained above early in this post with putting a $160 Million company on the NASDAQ right now:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=176160265

I believe he is doing the reverse split to position GCAN to either get to the NASDAQ outright or via merge into a SPAC (Special Purpose Acquisition Company) that's already trading on the NASDAQ. The PRE-14C that was recently filed is the "Preliminary" filed with the SEC. Once we see the DEF-14C filed with the SEC, this will be the "Definitive" filing as confirmation that it is happening. I'm guessing that we could see it as early as this week coming. Look on the right side of the screenshot below where it says "Level 1 Data" within the SYTA Montage screenshot below to confirm the dollar volume of over $244 Million that came into SYTA:NASDAQ this past Friday, on May 9, 2025 from the company's news. Now imaging him generating the same dollar volume and doing the thing for GCAN of which it is starting appear that he is going to do in my opinion:

v/r
Sterling

[loanshark007]

Translation: I'm bag holding GCAN and need to dump my worthless shares on gullible dolts.

[Magnum7419]

maybe this is what happened to $TWOH??