WOW… if you read some of the folks on Investors Hub… this company is poised to overtake Google and Apple combined in size. It seems obvious those folks have not read the most recent “filing” of Mr. Siriani. In fact it appears they have been reading into the document some very creative wishes. However, if you actually take a few minutes to read the document, you would likely be left with you jaw hanging open. You just have to wonder how anyone can come on a message board and promote this company. It’s a fair question to ask, given the above, what’s in it for them???
First off, you have to laugh about the company “Principal Executive Offices” being located in a “Virtual” office. Yes folks… this company that some believe is on track to make them millions… appears to operate out of a location where “offices” start at $100.00 a month. Yes folks, put the addresses in either of the filing documents into Google, and you will see that the last official filing with the SEC listed it’s “registrant’s principal executive offices” in a UPS store. The address on the most recent “Annual Report” is a “Virtual” office.
You might want to take a peek at the section of the Annual Report entitled “Preferred Stock”. Talk about a “golden parachute”… this is one sweet deal.
So this company that appears to operate out of a “Virtual” office… issues itself 240-MILLION shares of “Series-A” stock. Now this “Series-A” stock is a real sweet deal. First, these shares have a voting strength of 10-times what one normal share votes. Second, holder(s) of these shares (could this be just 1 holder?) “will” (not might, not conditional on anything, like good performance, etc), receive $1.00 per share ! So folks… this company, from the git-go, is already $240-million dollars in debt ! It’s right there in black and white, go read it for yourself. This action begs the question… do you think this company, or it’s “directors” have the investors best interest in mind ???
And if that’s now sweet enough for you, check out the first paragraph under “Preferred Stock”.
Check the section that reads as follows: “The Company has authorized five hundred million (500,000,000) shares of preferred stock, par value $.00001.”. If you read a little further you can see that this “blank check” stock can be converted into anything the company wishes (section (e). That appear to mean that these shares can be converted into Series-A shares also. WOW… that appears to be 740-MILLION shares that can be worth $1.00 each, in addition to other benefits as the company deems fit. Ask yourself…do you really think this company has the best interest of the investors in mind here???
If the above is not enough to turn your stomach, don’t forget the 61-Billion shares already pledged to creditors. Some of the pumpers on Investors Hub seem to be dismissing this over-subscription issue. Just ask yourself… if YOU were the creditor who loaned the company (be it past or present) this money… would you simply forgive this debt??? Of course you wouldn’t ! What would you do then ? One thought would be to hire some boiler-room sales people to sell shares to recover your money. You might even pay these folks a commission on sales goals achieved. The owner of these shares, obtained via convertible loan conversions, would sell them at just about any price because even at .0001 they would be making a killing because they have so little invested. Do you think it would be beneath some of these sales people to get on a message board, disguised as investors, and perhaps be reckless with the truth regarding how great of an investment this company is? Some would say that is exactly what is happening when you see what some of these posters post. You have to wonder… have they read the same documents you have???
If all the above is not enough for you to say, OK, I have seen enough… here is another quote from the most recent Annual Report.
This quote from that passage “The Company will most
likely be reliant on additional shareholder contributions…” just has to warm your heart. Ask yourself what exactly that means? Can you say… more dilution?
Folks… it appears no amount of “weed” will pull this company out from this financial hole they have dug for themselves. There are those (perhaps the ones we spoke about above) that would like you to believe this company will move into the weed selling business and make investors a bunch of money. What do you think given the above??? It appears the only thing this company has, and will sell, is shares of their stock, with a heaping side order of steaming BS. That appears to be their only viable product right now.
Folks… do your own DD. Read the document for yourselves before investing and decide for yourself.. Who are you going to believe, some posters on a message board, or your own eyes and your own common sense and gut !