RE:RE:Invictus to sell Future Harvest Development The writing is on the wall, these are the steps towards going bankrupt. Liquidating assets is the preliminary.
I wonder how much of a kickback Dixon got from this new "liquidate assets cheap" scam of his?
He must've banked quite a bit by now, between this, Acreage, Canandia, and of course the Trichome "Death Spiral Financing" noose he tied around your necks.
Come to think of it, how much did that Canandia scam cost us EXACTLY? We can only guess.
It would appear that so far, Canandia received:
-$2.4M in shares at $1.32 = 1.82M shares
- $ 7.5M (75% of $10M according to the date) in shares at $1.65 = 4.55M shares
- $10M in cash "as-needed"; how much of this was given to Canandia over the past 9 months?
- $7M in common shares to be issued within 10 days of Mission Location getting their license, which was on Jan 18th 2019 (SP $1.20), so this was fully paid out. = 5.83M shares.
So total 12.2M shares.
- Additional $105,000 as a thank you gift.
- More money. They had $10M piggy-bank to draw money from.
How much of this $10M did Canandia take over the past 9 months? No one knows since there was no official NR outlining this, and GENE investors are too lazy or stupid to demand an answer. One thing for sure, Dixon's buddy Alon Amit sure is having fun dumping these toilet paper shares in the market and banking some free money - Thanks to YOU, the "investors".
By the way, you guys know you have the legal right to demand information, right? I emailed Dixon and his scammers about details on Canandia - No response. Today I emailed IIROC to ask if they can investigate, and what they would need to open an investigation.
(complianceservices@tsxventure.com)
I lost money on this garbage, and even though HEXO more than saved me, I still want answers.
But don't worry guys, I'm sure all your "hopes and dreams" will push the stock price up.
gamos99 wrote:
$1.43M cash infusion incoming ($250,000 so far, guarabnteed $1M this year). Not a huge amount, but enough to keep things running.
There's two wasy to look at this:
1. Invictus is burning through cash and having to sell valuable assets to keep the payroll intact.
2. Invictus is making tough but smart choice to keep the payroll going while avoiding debt and dilution.
Invictus clearly got caught up in aquiring too many subsidiaries, but at least in this case they can sell a pure asset without any contract breaking fees.