Maven Brands Inc C.MJ

Here comes the new True Leaf ..... bi-weekly

[BCStock]

Possibly some of the old faithful shareholders of bankrupt True Leaf  (now being bailed into some state of solvency) have not a clue what the few news releases from the remnants of True Leaf actual means.  In between the poetic BS lines of a recent news release was the warning statement they plan to combine your shares into a 10 of your old shares will make one new share.  So your new share value (at todays price of $0.08/old share) will now be possibly $0.80 each but you now only have 1/10^th as many.  True Leaf then issues (prints of tonne of new)  17.4 million of these new wonder shares at a steal price of $0.375 per share.  These discount priced shares are only available for the new mysterious Acquisitions Cos, who would then own 59.2% of True Leaf and the old shareholders (you) in total only control 40.8 % of True Leaf.  Typical example of the faithful long term shareholder being diluted out of existence.  The CEO himself would also see his mountain of old True Leaf shares being rolled 10 to 1 for a shiny new True Leaf super duper share.  Thereby he no longer has control of his company.  Lind, the USA loan sharks,  settled for $4.15 million of the $6.99 debt old True Leaf racked up.  True Leaf seems to have found the funds to sort of partly pay back Lind through a $3 million loan from Canguard Capital and $1.7 million from Joe Smuck.  Someone walked off with $20,000 finders fee to put this together.  The net result is the game plan to reacquire TLI and TLC to combine with TLB to make one new True Leaf, publicly traded for now, but mainly owned by a group of anonymous investors.  True Leaf presently has a federal grow-op licence, an empty dope growing building, some land and a group of people hoping to make a buck in their future endeavours.  Gone is the whole CBD/THC pet cannabis venture.  That was sold off.  So I think now you are just investing in a dope growing facility.  Should they add in extraction facilities, then there is a good chance that True Leaf could be revived, but under total new leadership and privatized ownership.  Not much for the faithful shareholder at this point.  Stay tuned, the TL story is fascinating, and tangled with interesting new players. With the old TL financial books still not sorted out for public review, we will continue to be “informed” with the promised bi-weekly news releases.

[viewfromMars]

I invested and made alot of money on true leaf ride up to two dollars.  lost alot of gains when I bought back in at part two of this story.....Im not here to invest again....I just need to follow this story to its conclusion.  Thanks for your insights

[TravelGuru]

What's going to happen? Any guesses?