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Financial Select Sector SPDR ETF Message Board

elvispoc3 4 posts  |  Last Activity: Nov 15, 2014 9:38 AM Member since: May 1, 2003
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  • Reply to

    Florida didn't pass #$%$ referendum

    by elvispoc3 Nov 9, 2014 9:35 AM
    elvispoc3 elvispoc3 Nov 15, 2014 9:38 AM Flag

    When they issue the PR getting the line of credit - as they have said they would - you will be proven wrong. Ever read any of their PR's in your life? They're posted right below the quote. You're welcome.

  • Reply to

    Scam

    by misleader_and_chief Sep 9, 2014 4:14 PM
    elvispoc3 elvispoc3 Nov 14, 2014 10:12 AM Flag

    What free $ have they gotten? They've gotten a lot of near-worthless paper stock issued via grants and options, but they can't just massively dump it without getting sued by their few backers who have been buying it all along and lending the company $. I'm not saying Friedman is a saint by any means, but any time you have an industry that is coming out of the shadows and into the light, it is always pirates that do that kind of heavy lifting toward legitimacy. Once the first big surge comes and they show legitimate revenue, he'll happily cash out and they'll bring in a far more pristine manager that they can then afford to pay.

  • Reply to

    Florida didn't pass #$%$ referendum

    by elvispoc3 Nov 9, 2014 9:35 AM
    elvispoc3 elvispoc3 Nov 14, 2014 10:08 AM Flag

    I disagree. If they get a $10M line of credit, will you change your mind? In my experience, scam companies don't get that kind of financing to buy land holdings.

  • That's the reason why AGTK took a hit. The ref got 58% of the vote, and it needed 60%. AGTK has a large land parcel in FL that they wanted to use to rent / license to cultivators and now that's on HOLD. Eventually, this will pass (seniors got out the vote and beat it down). AGTK is very attractive here.

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