GREY:ALGWF - Post by User
Comment by
Madhatter6on Apr 26, 2019 6:23pm
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Post# 29677391
RE:i bailed
RE:i bailedNo licence no news. Quebec was to be in production at this point in time. I think it was another spyder vapes. They can't afford to come forward and say it is a bust. Will kill them. They did however apply for a licence in BC. Something they should have done first but thought it better to do last. I got a street rumor that it is stalled in the security phase. But that's just an unsubstantiated rumor. But wouldnt surprise me given the history of some of these people. Right now ACG has spent millions to obtain a 10% share of a 900,000 dollar market cap company. They are in debt. Broke but can still find a way to lend the CEO $300,000. Pay ludicrous consulting fees. Give outrageous option packages. This has been milked almost to death. In reality it needs to die. Then they can change the name on the listing and do it all over again. What would that make it 5?6? 7 times they gave pulled this stunt. Who knows. Not against the law to open a company and try and make a go of it. But to make a living off it when you don't really need it to succeed. You just need to start a new one. If they had so much of a penny of their own money at stake it would be a different story. From what I hear Dennis is in debt further than this company is really worth. But that too is just an unsubstantiated rumor. But wouldn't surprise me.