Wall St. Journal: “Zoned Properties, Inc. . . . a lessor of land, facilities, and equipment to the #$%$ market in Arizona announces that it has closed on all of the real estate associated with the approved site for a #$%$ dispensary located in Gilbert, Arizona for $1.115 million. The Town of Gilbert has already granted a conditional use permit and approved the design of the property, which is properly zoned for a #$%$ dispensary.”
A search of deeds filed with the Maricopa County Recorder on February 23, 2014, shows a Warranty Deed and affidavit of property value for a parcel of vacant land acquired by Zoned Properties, Inc., on January 20, 2014, for $300,000. The property is located at 988 South 182nd Place, Gilbert, Arizona.
Query: Why does Zoned Properties, Inc., say it purchased the Gilbert property for $1.115 million when the affidavit of property value states the purchase price was $300,000?
Zoned Properties, Inc., a Nevada corporation, lists its headquarters in Scottsdale, Arizona, but it is not a corporation formed in Arizona or licensed to do business in Arizona. Zoned Properties, Inc., is violating Arizona Revised Statutes Section 10-1501.A, which states “A foreign corporation shall not transact business in this state until it is granted authority to transact business in this state.”
The corporation was formerly named “Vanguard Minerals Corp” until 10-2013, “knewtrino, Inc.” until 10-2007 and “Mongolian Explorations Ltd.” until 5-2006. See its financial statement for the nine month period ending September 30, 2013.
See also “Zoned Properties, Inc. Agrees to Purchase Multi-tenant Light Industrial Park With Licensed Arizona #$%$ Cultivator Tenant,” which states that Zoned Properties, Inc., has a contract to purchase real property in Tempe, Arizona, for $4.6 million.
Zoned Properties, Inc., appears to be a publicly traded company. Marc J. Brannigan is the President & CEO and Charles Randall is the COO.
So I’m writing this post to help you understand why ZDPY will likely crash later this week and definitely next week…are they operating illegally…why are there discrepancies related to the property?
I hope The Fraud Institute or someone else writes a Seeking Alpha article exposing this stuff and if and when they do, this stock will definitely crash FAST…remember just 2 months ago this stock was trading at 67 cents/share.
Take a look at Vape's December 2013 financials
"As of December 31, 2013, we had cash of $19,706 and working capital deficit of $136,872 as compared to cash of $568 and working capital deficit of $302,175 as of September 30, 2013." "These factors raise substantial doubt about the Company's ability to continue as a going concern. If we are unable to raise additional capital from conventional sources, including increases in related party and non-related party loans and/or additional sales of stock, we may be forced to curtail or cease our operations.
This is an alleged pump and dump. It's a low float with very little volume. It's being hyped up because the management or PR company is doing their job well by connecting the company to the mania going on with Weed related stocks right now. They just try to get a press release that ties their company to this relatively new industry even though a lot of these companies don't even have any operations.