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Datalink Corporation Message Board

cool_scirocco 33 posts  |  Last Activity: Jan 28, 2015 5:32 PM Member since: Oct 9, 2000
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  • Reply to

    Just search "processed hemp for sale"

    by sjtopt1 Jan 28, 2015 12:24 PM
    cool_scirocco cool_scirocco Jan 28, 2015 5:32 PM Flag

    The market for kenaf fiber and products basically is dead, which is why Kenactiv Innovations went bankrupt. Perlowin has been sitting on 1M pounds of processed kenaf fiber since he bought the equipment and inventory in Feb, 2014, yet except for a few tons sold to a Kins Domain hippie community for use as a concrete additive, and despite breathlessly telling us last May how desired it was, hasn't announced any more sales of the fiber or the leftover bags of absorbent materials milled from the core of the kenaf plants.

    Expect to see HEMP show a big loss in 4Q/14 and again in 1Q/15, though the shares received from the VAPR consulting deal announced in 4Q/14 will somewhat mitigate the absolute lack of other revenues.

  • Reply to


    by redharlem50 Jan 28, 2015 1:15 PM
    cool_scirocco cool_scirocco Jan 28, 2015 5:27 PM Flag

    Nice post, but I have a few minor corrections:

    1) Perlowin bought the machinery and kenaf at a bankruptcy auction of Schmitt's old company, Kenactiv Innovations for less than $500K, and he probably had to pay cash (likely generated by selling HEMP shares in late 2013 or early 2014.)

    2) Kennactiv's plant (formerly Kenaftec and before that, Greene Natural Fibers) was built in approximately 2005 at the Spring Hope site where it was auctioned.

    3) Perlowin's new "plant" in Snow Hill is about 45 miles North Northwest of Spring Hope

  • Reply to

    S.134 Federal Bill to remove hemp from schedule 1

    by brokegopher Jan 16, 2015 12:25 PM
    cool_scirocco cool_scirocco Jan 16, 2015 2:10 PM Flag

    Gonna take months, at least, to move through the Senate.

    A similar bill sponsored by Sen Wyden and the same cosponsors was introduced in Feb, 2013, move to the Judiciary Committee (where the current bill is now,) and never made it out of the committee.

    This bill may do better, since Sen McConnell (R-KY) is now the Majority Leader in the Senate. He's a cosponsor of the current bill, as he was for the 2013 bill,.

    Still, I doubt if this will pass separately, but will likely become an amendment to a future Farm Bill.

  • Reply to

    Be Patient

    by patriotnation187 Jan 7, 2015 9:45 PM
    cool_scirocco cool_scirocco Jan 8, 2015 11:09 PM Flag

    In the December 22, 2014 HEMP video about the decorticator, you can see that the reassembly has yet to begin, and Perlowin says they're going to start on Jan 2, but also says that the blueprints haven't been started yet. Schmitt, the guy who will run the plant, then says that it will take 90 - 120 days to complete Phase One, which means that the plant won't be capable of processing the raw Kenaf until April or May, 2015.

    To see the video, go to YouTube and search for "Hemp, Inc. Plant Update Dec 2014 Part 2 ". If you don't want to watch the entire 7 minute video to see all the uninstalled equipment, advance to about the two-minute point to hear the comment about starting the blueprints on Jan 2, and then at about 5:45, you'll hear Perlowin ask how long it will take to complete Phase One.

    Several months ago, Perlowin was talking about completing Phase one before the end of December, and having the plant fully operational by the end of 1Q/15.

    Apparently, with the cost doubled and the timeline pushed out by a quarter or two, Bruce is not very skilled at estimating cost or time.

  • cool_scirocco cool_scirocco Jan 5, 2015 11:14 AM Flag

    No, it's not legal to grow hemp in North Carolina, and there is nothing currently scheduled in the NC legislature to make it legal.

    HEMP doesn't have the ability to make hemp CBD oil. The decorticator plant is designed to take dried stalks of kenaf and rip them into fibers for making cloth and absorbents. Eventually, if and when it is legal to grow hemp in NC, the plant will be able to do the same with hemp stalks.

  • Reply to

    The idiots keep showing up

    by sjtopt1 Jan 3, 2015 2:46 PM
    cool_scirocco cool_scirocco Jan 4, 2015 8:22 PM Flag

    Have you looked at the company's financials and read the so-called "reports" it files on the OTCMarkets website?

    You would find a company with no cash at the end of 3Q/14 and only $14K of actual revenue, probably from its pathetic little web store that sells hemp products.

    Yet the company has a $90M market cap.

    If you were to look at the balance sheet, you would see that the company says it has to make a $297K payment in May, 2015 on the convertible note it took out to finance the decorticator plant project. Because that payment is within one year of the date of the 3Q/14 filing, it is considered a Current Liability, yet the filing doesn't show it as such.

    IF the company gets the decorticator running on time (sometime in 1Q/15) and can process AND sell enough of the Kenaf on hand to make the May payment, then it won't have to issue shares to make the payment. If they have to issue shares, then it will quickly dilute the stock.

  • Reply to

    The idiots keep showing up

    by sjtopt1 Jan 3, 2015 2:46 PM
    cool_scirocco cool_scirocco Jan 4, 2015 8:00 PM Flag

    I sometimes am amazed at the irrational buying behavior of momentum traders who know nothing about a company, yet buy it because the stock is "moving".

    Perlowin promises but never delivers results, yet idiots buy the stock because in past years, something has happened in January (sometimes legal, sometimes not) that cause the price to rise.

  • HEMP had $14K in revenue in 3Q/14, saw a $2.5M loss, and had $1.1K cash

    It will report shares from the consulting deal with VAPR as income in 4Q/14, but the shares received from the clients in 1Q/14 have lost between 80% and 100% of their value, with one, WBXU (-100%), having it's registration revoked by the SEC, and another, HIMR (-99%) executing 1:5,000 reverse split.

    The shares received in 2Q/14 have lost between 42% and 96% of their value, with PPJE (down 96%) staging a 1:100 reverse in December.

    The consulting business has been a bust.

    Cartel Blue has gone nowhere.

    The OS is up to 2.7B shares as of the end of 3Q/14.

    Per last Friday's PR, installing the Decorticator is going to cost at least $2.3M (nearly 2X the original budget). Since the company has no cash or cash flow, that means more loans from the CEO, which will be converted to shares, further increasing the OS.

    BTW, at the end of 3Q/14, the company already owed Perlowin $932K, which will soon be converted to shares (Per filings from earlier years, he usually runs the balance owed him to zero at the end of the Fiscal Year).

    There will be no revenue from Hemp processing in the first nine months of 2015, and unless the NC legislature passed an industrial hemp growing law by March that allows massive growing in 2015, there will be no hemp to process in 2015 at all.

    Finally, the 4M - 5M pounds of Kenaf remaining after the other 10M pounds spoiled will generate a maximum 2015 profit (for that facility) of about $200K.

    Right now, HEMP has a market cap of nearly $90M, and is extremely overpriced on nearly any metric.

  • Reply to


    by myrmbrnl Dec 25, 2014 12:24 PM
    cool_scirocco cool_scirocco Dec 27, 2014 5:05 PM Flag

    BTW, I see plenty of mindless pumping on the MJNA board that I don't agree with, but those posts stay up unless they go off-topic or attack another member. I've also deleted plenty of posts bashing MJNA because they went OT or on the attack against another member.

  • Reply to


    by myrmbrnl Dec 25, 2014 12:24 PM
    cool_scirocco cool_scirocco Dec 27, 2014 5:00 PM Flag

    Yeah, better to use this board, where the length of posts is limited, it's
    hard to post links and you can't post images like charts or illustrations from filings.

    Oh, and as an extra added incentive to use Yahoo, you can insult people all day long.

    Frankly, I prefer a more civilized environment, where there is substance behind many of the posts, whether positive or negative.

  • Reply to


    by myrmbrnl Dec 25, 2014 12:24 PM
    cool_scirocco cool_scirocco Dec 27, 2014 4:55 PM Flag

    Including Dec 25, as of right now, 33 messages have been posted to the iHub board, and seven were deleted.

    Three were deleted by an IH Admin as Off Topic, because each contained an insult directed at an iHub member.

    I deleted two. One was a duplicate message (I left the other one,) while the second one I deleted included the following attack, which made it Off Topic:


    If the author had not included that, the post would have not been deleted.

    The remaining two were deleted by another Mod. The first didn't say anything at all about MJNA, and the second one contained an incomplete, non-working link.

    Of the remaining 26 posts, some are positive and some are negative.

  • Reply to


    by myrmbrnl Dec 25, 2014 12:24 PM
    cool_scirocco cool_scirocco Dec 27, 2014 4:36 PM Flag

    A mod's job is to make sure that the conversation stays on topic and that it doesn't degenerate into the type of language you've spewed in the post to which I'm replying.

    It doesn't matter what my opinion of MJNA is, as long as I help to make sure that the board runs smoothly and stays on the topic of MJNA (in that case).

  • Reply to

    Coming January rebound?

    by sharonandersson90 Dec 26, 2014 12:36 PM
    cool_scirocco cool_scirocco Dec 26, 2014 1:28 PM Flag

    Two years ago, MJNA stock ran on somewhat bogus information about their 4Q/12 "revenue" that was recording the one-time sale of the Phytosphere operation to CannaVest.

    In 2014, MJNA ran on the idea that it would profit from Colorado legalization.

    There is no immediate, major legalization beginning on Jan 1, 2015, so unless MJNA pulls something out of its hat, there won't be a driver.

    The same is pretty much true for the whole sector, IMO.

  • Reply to

    good news for MJNA

    by myrmbrnl Dec 26, 2014 10:52 AM
    cool_scirocco cool_scirocco Dec 26, 2014 12:04 PM Flag

    Pretty much nothing to do with MJNA, which is simply a marketing and investing company that doesn't grow marijuana or make its own CBD.

  • Reply to


    by myrmbrnl Dec 25, 2014 12:24 PM
    cool_scirocco cool_scirocco Dec 26, 2014 12:02 PM Flag

    I'm a mod on that board and can see why the posts are deleted and who did so. What's your ihub alias. I'll check it out and send you a PM as to why they were deleted, plus follow-up here.

  • Reply to

    good to know

    by myrmbrnl Dec 20, 2014 12:59 AM
    cool_scirocco cool_scirocco Dec 20, 2014 2:48 PM Flag

    The Triple Leaf award is meaningless. All one has to do is submit a product to the publisher of the little-known "foundation" and meet relatively simple requirements as to how "green" the product and its packaging is. There might even be a "pay for play" aspect, involving buying advertising on the website.

  • Reply to

    a smear campaign was always there

    by myrmbrnl Dec 19, 2014 1:43 PM
    cool_scirocco cool_scirocco Dec 20, 2014 2:45 PM Flag

    I use Charlotte's Web as an example, but there are other high-CBD, ultra-low THC strains that meet the laws being passed, such as "R4".

    Remember, MJNA is simply a distributor for RSHO, Cibdex and Cibaderm, which are owned by CannaVest. That company now has its own web store selling Cibaderm, Cibdex, and a product similar to RSHO, but doesn't use that name (I don't know why).

    The reason RSHO is 6X the price of the other oils from the high-CBD marijuana strains is because industrial hemp is only 3% CBD (per Hempmeds) before processing, whereas the high-CBD marijuana strains are at 17% to start with. Therefore, it requires a lot of processing of the hemp oil in order to concentrate the CBD, and that adds a lot of cost.

  • Reply to

    a smear campaign was always there

    by myrmbrnl Dec 19, 2014 1:43 PM
    cool_scirocco cool_scirocco Dec 19, 2014 1:53 PM Flag

    You are remarkably uncritical.

    MJNA has always had bad reporting and bad corporate governance. For an example beyond what I wrote about in my latest article, look at the situation regarding the number of authorized shares.

    When MJNA's current management acquired the company from the prior ownership, which included HEMP's Bruce Perlowin, they didn't notice that when Perlowin was using BOD votes to change the number of Authorized Shares, he should have been using shareholder votes (a simple change, since he held 50% of the shares). The improper votes meant that the AS was never changed from 5B shares.

    So they continued the process, then found out in 2013 that they had been doing it wrong, and had to issue a series of Articles Of Correction, but for nearly a year, instead of saying that the AS was 5B, they said that it was 950M shares capped by management.

    Finally, in the 1Q/14 report, filed on July 3, 2014, they finally admitted to an AS of 5B shares.

    I don't write or talk much about their products, except for the fact that RSHO is far more expensive than CBD from marijuana strains like Charlotte's Web.

    My issues with MJNA have always been about their reporting and corporate governance. If they were to improve those things, I would have hardly anything to write about.

  • Reply to


    by bjosh999 Dec 19, 2014 10:18 AM
    cool_scirocco cool_scirocco Dec 19, 2014 1:35 PM Flag

    MJNA dipped to $0.08 in November, 2013, so it's been a year, and the reason it shot up in Feb, 2014 was because of the hype involving the legalization in CO.

    I don't think that will be repeated this year, because there's no big legalization in January, 2015.

    Then again, you never know.

  • cool_scirocco cool_scirocco Dec 19, 2014 1:32 PM Flag

    No. The judge ordered the shares to be issued within three days of the ruling.

    Besides, the number issued is based on the amount of the loan (plus accrued and unpaid interest) at the prices set in the notes. For $900K of the original notes, the price was set at $0.03, on the remaining $81K, the price was $0.09.

    In the end, with the interest, the average price was closer to $0.03.

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