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dubstock

03/13/14 10:14 AM

#23350 RE: 420man #23336

The PR said they raised over a million. It did not say how much over a million it was. The company never claimed it was generating revenue prior to the regulation A. The regulation A was (supposedly at least) an attempt to raise working capital to startup the t.v. Show and buy a pot farm (bearpot, which had controlling interest in a previously existing operation with no debt).

We have had members confirm that the physical location of the STBV office has equipment and actually exists. The legitimacy of some of this is questionable, given the CEO's past but not for the reasons you are concerned.

The SEC doc you shared said they need to sell enough shares to reach 3 million a few lines below wha you had circled. That's 30 billion shares and the majority of those have already been offloaded to us. A R/S might be coming after the acquisition is finished though - what happens thereafter will be the real sign of whether this is a scam or not.
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jpizon

03/13/14 10:33 AM

#23352 RE: 420man #23336

10B x .0001 is $1M. So, 30B would be 3M. The raised 1M and expect to raise another 1M over 6 months. That would be 20B shares. And no where does it say they are selling at .001. It states they are selling 100 x .001, or .0001/share.

If you want to bash try to at least bash with accurate information. In the end, even if there was 50B shares out and today's prices, thats 50B x .0003 which is $15M cap.