Forte Group Holdings Inc C.FGH

Shleps Lets discuss

[moneymachine88]

1) Embark position has been written down to 1.5mm, so they would get 130k of value a month. Portfolio value is $40mm with about $4m of available cash, all public. not material.

2) WeedME is absoloutely crushing it and is the largest private LP, they just made a further investment into of $2m. public released. look at the market data.

3) Entourage position is convertable debentures that are publicly traded. they could sell if they wanted. liuna just upped their their credit facilty by $20mm, so they expect to be paid back full amount in the fall.

4) they get paid on share price, which starts at .30, so they are negotiating reprice in summer. they get paid a fee on total NAV.

It seems to me they are building share holder value, so all in all your information is not accurate once again.

[shneps]

1. Not sure what your point is about Embark? Total portfolio value is $37.2M and that includes the $4M cash. You only missed by $7M. 2. If you are referencing WeedMe Rx its parent company is Entourage Health and it's a financial disaster waiting to implode. See below: "As of September 30, 2021, the Company had a negative working capital of $41,561,813 (December 31, 2020 – working

[moneymachine88]

WeedME is not associated with entourage two different company's.... I'm tired of correcting and educating you! End of discussions!!

[shneps]

My fault. Again Weed Me, Weed MD, Weed MD Rx. It's a private company so we don't know how financially viable it is. The other point is that this discussion has nothing to do with Weed Me but with Embark and Bevcanna.

[shneps]

Interesting to see the Michael Curtis's bio for Parallax Ventures (MMJ Holdings/Hygrovest) says the Bevcanna bought Embark for $31M. Co-Founder and former Chief Operating Officer and Director of Embark Health Inc. (a current investee company of HGV) recently sold to BevCanna Enterprises Inc for up to CAD31m Is it $21M or is it $31M? If it is $31M that would be a massive 172M+ shares or

[shneps]

Just going back through Embark Health growth. MMJ had invested $3.3M into the company and as Money stated it is only valued at $1.5M as of December. Embark was supposed to be building facilities in Delta BC (currently for sale), Woodstock ON (currently for sale) and a facility in Colby KS. This is what happened to the Colby KS facility -  "On December 10, 2008, City of Colby, Kansas

[shneps]

Here's a better viewpoint of the MMJ investment and outstanding warrants that will be taken on by Bevcanna. Note the two years that the warrants will be extended after the liquidity event. https://www.paidpromotionalmessages.com.au/companies/news/918230/mmj-group-holdings-investment-embark-health-receives-licences-to-begin-extraction-of-cannabis-918230.html

[shneps]

There you go - " The deemed price of the BevCanna Shares being issued to former Embark securityholders in the transaction is $0.45 per share, which represents a 146 per cent premium to the volume weighted average trading price of the BevCanna Shares on the CSE for the five trading days preceding the date of this announcement.

[shneps]

Always love this one too -  " in exchange therefor, a number of warrants (each, a “Replacement Warrant”) to purchase one BevCanna Share dependent on the exercise price of the Embark Warrant. They know exactly how many warrants are outstanding. We're not going to tell you "how many warrants" were issued. That you will have to figure out months from now when the

[moneymachine88]

Why did you add 10M?  21m is the amount, according to you people give away their company's for free right? give it a rest bevCanna is in great shape moving forward and big deal for the extra shares if it makes share holders money.

[moneymachine88]

OH! And I forgot to mention the majority of that stock is escrowed over 12 and 18 months. 

[shneps]

That's 4.58M shares (without the current share price adjustments) to be released at the end of every month for 12 months.

[moneymachine88]

and your point is? How do you think companies grow? If you don't own the stock why do you act like your concerned?? Keep shorting and don't worry about retail investors cause I'm pretty sure the ones that are invested don't need your BS and know very well how this works.

[shneps]

I didn't add the $10M. I was pointing out the fact that Michael Curtis (Managing Director of Parallax/MMJ/Hygrovest and Managing Partner at Embark Ventures) made the $31M statement.

[moneymachine88]

yes and you posted that even though you knew it was 21m, you are so transparent, you jump at any oppurtunity to put out negative news even though you know it's incorrect. 

[shneps]

I was pointing out the fact that a key shareholder of the acquisition didn't know what the valuation was. If it was incorrect then that was his fault, not my mine. You try at every opportunity to say everything is incorrect, BS, lies and yet when you do the same it's ok. You cherry pick one item out of ten, jump all over that but fail to respond to all the other points. Then finish it off

[shneps]

And in response to the following comment : "Keep shorting and don't worry about retail investors cause I'm pretty sure the ones that are invested don't need your BS and know very well how this works." I see retail and institutional is responding well to the news with 70,000 shares being "sold" into the bid and only one joker (CIBC) buying a $180 worth at 18.5c

[moneymachine88]

why would you point out something you knew was incorrect? I'll tell you why, because you are a miserable POS! Who has nothing to do all day and can't stand the fact other people you know are building a real brand and making money doing it, share holders will also make good money in due time. you obviously have no idea of what's coming, all you can do is wait for news you can find