While I understand the nature of a majority of Hemp board members is to ignore the facts and embrace the pump, your little slice of paradise is rotting on the vine. Had you paid attention to the following, you might still have your money in your pocket.
#1) During the "one time" high of this stock, while you were buying, the 3 principles of this company B. Perlowin, C. Perlowin and D. Tobias were selling--over 150,000,000 shares of their stock (source SEC filings). That's not a good sign.
#2) From March leading up to HumpFest, the company issued PR news announcements (regulated by the SEC OBTW) including the creation of a $1,000,000 venture fund, the publication of a hemp oriented magazine, JV's with several of the "Community of Companies including WBXU, LKEN, HIMR(D), VSYM, and GLCO--all of which are now train wrecks--and NON of which EVER HAPPENED.
#3) HEMP INC issues a flurry of press releases about its purchase of a Decortications machine and 12,000,000 lbs of Kenaf in such a way as to have many on this board THINK they paid $10,000,000 for it. Then everyone thought they paid $1,000,000. Come to find out they threw (like drunken sailors) several hundred thousand shares of stock and the CEO title at David Schmitt for it all. Now before you go feeling bad for David, he got that bucket of bolts and millions of pounds of rotting Kenaf out of his barn not costing him 1 penny. I declare David the winner in that trade.
#4) Ah, THE most important, devastating and profound admission of all by HEMP, and most of the brain dead on this board just yawned. They restated the companies financials writing down $3,000,000 of revenue. Revenue that previously had been reported in such a fashion to make you think it was cash.. It wasn't. But PEOPLE TRADED ON THAT REPRESENTATION. That's a problem--big time.
#5) Abandon Ship!..Abandon Ship!. REVI knows its going down, and REVI's new President axed HEMPs contract --SMART! You should bail TOO!
Sentiment: Strong Sell
OK Bash, but tell me, where did you see a post that DEWM is about to make announcements?
Or are you HOPING they will make an announcement.? If you have some facts--share them please.
I don't see anything that would make me think something good is happening, but I'll listen. Thanks
I tried organizing the people on this board for rescission, but it proved a logistical nightmare, so I just went another route. In doing so I did receive some e-mails, one from an "anonymous" who knows a lot about the buried bodies in this company, its early formation and Dr. Moran--a great deal I did not know about. I passed this on with my research to the powers to be, so we will see what happens.
Lean is out there I think we all knew that, how much is selling is unknown, and you have to remember with some 2.5 +/- shares outstanding ( and possibly more) you would have to sell a lot--a WHOLE lot to matter. I was told by "anonymous" that sales were about $4,000,000, with 65 distributors in 28 states and Mexico. Now a distributor could be almost anyone, go look at the application and you will see what I mean.
Now the not so good news Bash. Based on what I now know, I do not think the present incarnation of Dr. Moran / DEWM /Lean is going to make it. A LOT of baggage that from a regulatory viewpoint is really tough to get around. But....Dr. Moran is the owner of the Lean Formulas, and they are licensed into DEWM ( from a previous relationship with a predecessor company, along with distribution rights. I have requested a copy of those agreements from the Company--no response yet. But no matter what, with the current capital structure, this company is caught in a death spiral, and I don't see that changing any time soon. They might have the greatest product on the planet, but the company financially is totally fubar. More to follow.
pcb_trader. Thank you for cutting and pasting the OTC Security details. But you left out half the story. There are 8 Preferred Issues of stock ( Class A,B,C,D,E,F,G,H) which if exercised (Warrants) will create another 800,000,000 shares of common stock, which then would make the outstanding about 1.5 BILLION.
Preferred stock has a higher call on assets than common stock, which is why its called preferred. And all the Preferred is held by officers , Directors and insiders. Now if the company gets significant funding, or a buyout, what do you think will happen? How does that effect you? ( or maybe you ARE an insider, in which case you should stop posting while you still can) If you are just Joe Blow investor--WHAT DOES THIS MEAN TO YOUR INVESTMENT??? ( source SEC Filings 2007 forward ). Dig deeper, and stay hungry my friend.
Sentiment: Strong Sell
Flagging does work, but there is a secret to it. You will see I got rid of people who annoy me ( not you, walker, strangely I like you) and their posts are gone. Dig a bit you will find out. Oh and walker, while I know you blame me for your duplicate ID's, its not me, in fact a few weeks ago I tried to tell you who it was, I guess I was just too subtle. Noodle it out when you run out of weed and come to.
Sentiment: Strong Sell
Go to OTC Markets, type the company symbol into the stock finder. On the left side there will be a menu click Filings and Disclosure 3rg down --April 25, 2014 " Supplement Information", click on that --open it in ADOBE Reader and read it yourself Its only 5 pages, you'll understand after that--then go look at them ALL! Good luck!
Nope, I have been posting since 2005 as you can see from my moniker. YOU impersonate him, however @ ihub10bagger as a defense mechanism when your little scam gets threatened. In fact you just started to post at HEMP, but thought better of it.
Well pal, all I post is facts, and I always list the source--if you think you can argue with facts--good luck with that one LOL. I have exposed HEMP inc, DEWM, HIMR(D) REVI, LIBE, GLCO, BDPT and a host of others. And thanks to "firminvestments" sticking his nose where it shouldn't be I am now here. Like a bad rash, I don't go away. And I have a LOT of friends. We look for scams and expose them. Our service to the stock community. So, I am pleased to meet you.....;)~
Sentiment: Strong Sell
You don't disagree with my facts then? Well you can't. Your done, I'm here and going to tell these people the truth--always with a source, and I NEVER--EVER stop. I will not see people suckered into bad decisions by the likes of scammers. And you PCB are starting to look like one. You are scared--and you should be.
Don't own any OTC stocks, they are very speculative, and most lose.
If I were to invest, I would dig into all source material on the company, Google ALL the directors, officers, their accountant, legal--birds of a feather so to speak. Look at all the SEC filings--pain in the butt, but time well spent. I would never invest in a micro penny, and you need to think hard about any stock under $1.00. Stay away from non-reporting or alternate reporting stocks, they tend to be problems. Above all lots of Due Diligence, you NEVER know enough.. There is no magic formular, just hard work.
Again, never address the facts. You are as phony and self serving as a 3 dollar bill. I guess I am ruining your game, already (?) what a shame.
Another alt ID to post with. They don't address facts, just rhetoric. In either of the above posts, is there ANY mention of ACGX, the stock situation, the Preferred Stock Issues? Nope, just name calling and rationalizing. That tells you who and what they are--and there are a lot of them.
If it is transparent, then my telling everyone about the 8 series of preferred stock, and the consequences in terms of dilution shouldn't bother you. So, ......what brings YOU here today then?
Jeezzz Walker, all pre-shares are now worth 20% pre reverse. Ya got it backward sweetheart. Maybe time to consider rehab again? Or hide the checkbook, LOL.
The end of the lake they purportedly purchased lake rights to, averages between 2'-4' deep. No trees.
Also the power Company owns the surrounding land, and there is no Right-of-way.
Amazing huh, and they sold stock based on false information. Value is so little no one cares. It is a shame, they need to be accountable for losses, but alas there is no money left in the company. At least you can frame the cert, albeit not much consolation. My guess is they will try to sell the shell, although I don't see any way to clean it up enough to pass the sniff test.
The boards have tried everything including mass postings. You will be very busy. but it won't matter--every day I will post the truth about you, the company, the market.
REVI is dead, it broke away from HEMP because of a "SEC Complication". The annonced this in a PR NEWS last week. This is over and the company has a lot to worry about. All the HEMP related stocks have problems. You will note they don't post much here and I don't think they will. If you REALLY look at this company you will se it is dead. I don't think you need to bring in the possse, imagine you should have better things to do LOL.
Sentiment: Strong Sell