Replies to post #1491 on Cannabiz Mobile Inc. (LGBI)

[dalinxz]

That's pretty much the best way to put it, if he was an honest CEO, he would have just given dividends based on the profits. Your exactly right, since his family owns the business, he will keep the business, no loss to them, who's going to want to invest in a company that does nothing?

It seems like a hoax, all this money put into the business, they keep the investments, they really didn't have to sell anything, they're profits could have purely been based on what individual investors put in. They keep that money then later on they can say the business failed.

Right?

[Seanac28]

Rileylan, I agree with you about potential incorrect information being filed. I talked to one of the financial auditors at the library who said it sounded very suspect. I am going to be in the home office later today and she is going to have me talk to their general counsel. We are shareholders and we have shareholder rights and I hope he is not hiding information, assets or maybe not representing all that is true. I'm worried like you, that when he and his relatives 164,000,000 shares become unrestricted in March, he will try to unload them or sell the company and we would end up with nothing or very little. If he sold the company for $1,000,000 they would end up with $850,000 [and the manufacturing and research company and its expansion that we used to own and he stated in the financials he was putting the company money into and then he transferred those assets to his own other company] and we would end up with $150,000 divided between 30,000,000 shares or 1/2 Cent per share, if we're lucky. Or he could just run the public company into the ground because he may not be managing our money or company prudently.