RE:RE:RE:RE:Next News ReleaseA lot of misrepresentation in this thread that can only be viewed as bashing (by one individual).
I have a security in my portfolio that filled a private placement for $12.5 million in just 3 business days (and yes it is a penny stock traded on the TSXV). So to communicate that it will take a year to raise $3 million is absurd.
From the MD & A filed on the CSE, ACG is acquiring interests in Marijuana for Medical Purposes Regulations (MMPR) licensed facilities, strong distribution networks, high-quality consumer products and industry-leading R&D.
Part of the 4 pillars business model in using B.R.I.M.s proprietary Chibafreen Invitro Plant Production System, while focused on the joint develop and operation multiple Cannabis Botany Centres in Canada and elsewhere, it is also scalable and designed for all flora to serve the entire agriculture industry.
To be critical of the business model and strategic plan... it might be best to ensure you have a firm grasp of what that business model and strategic plan are.
Why even invest your time which I'm sure you must value in making post of this nature for a company and model that you hold in such low regard? Altruism??? Trying to save the novice trader from making a mistake? Unlikely. If you are convinced that this company is 4 years away from making anyone any money for those who might invest in it... perhaps you should consider checking in in 4 years or so. Surely your time must be more valuable than to waste it on a board for a company such as you've characterized it to be.
For anyone else who have read along to this point I would simply encourage you to read the company filings on CSE and SEDAR where you will find pretty much all the answers you'll need to make a reasoned and informed investment decision. Don't let a board basher or pumper for that matter persuade or dissuade you in your investment or trading decision process.
GLTA & DYODD
Uknowit wrote: Have you considered the reason why they increased the pp? No company in their right mind would do that in this situation unless there had been an increase in interest in the placement. I believe this interest comes from the finalization of the BRIM deal. Let's see what news we get before jumping to conclusions.
Racetub wrote: No. The BRIM deal gives ACG the right to use it's "proprietary" growing technology. It's meaningless.
It will take a year+ to close a 3 million dollar PP at 0.2, if it's even possible. It would take a year to build a facility, and another year to get the to the cultivation stage of a amcpr license. Then another year till you see a cent of revenue. This company is minimum 4 years away from making a cent.
ACG is handing out shares to insiders left and right, and is bleeding $300,000 a year.
Whats the other option? ACG is going to take it's piddly $1.5 million from the PP and buy shares in a real cannabis company? Ummm .... you can do that yourself online for a $9.99 fee.
Do you think you will make more by ACG managing this for shareholders and taking the biggest share of the pie before letting any scraps fall down to shareholders?
A 3 million dollar PP at 0.2 comes at the expense of existing shareholders. Why people think that news of dragging out a PP for longer is good news is beyond me. Especially when so far it has been a total failure at that price.
Do more DD folks.
Olympia wrote:
With thews looking to come out. Is it the news everyone is waiting for BRIM?