[rongillispei]

Originally Posted by Picarus

thanks for the reply, I bought in this week around .11. I agree with you on some ?'s regarding their financials, but I still see a lot of upside here. The current share price is right around where they were sitting when they first started before the outlandish speculation, so I think its 'safe' buy. Lets see what happens with the class action suit mid month. If it gets thrown out, which I assume it will, I think the price will take a nice little bump up. It'd be bad for a judge to set a precedent where investors can sue a company to recoop loses on a risky penny stock. The SEC investigation found no wrong doing that I am aware.

Check this article out.....

This is bothersome:
1. Two members of management received compensation which represented ~24% of 2013 revenues, despite the company’s profitability deteriorating year-over-year..

2. ( FITX ) Creative Edge Nutrition Inc. (FITX) Announces the Appointment of Computershare as Stock Transfer Agent
https://online.wsj.com/article/PR-CO-...13-906794.html

This is a sketchy move....to me, it's a means to escape what's essentialy become SEC oversight of the penny stocks involved (FINRA is supposed to be the first line of defence, now the SEC seems to be injecting itself....which is unheard of)

This is the original article when the initial suspension was done, I'd heed some of their questions and determine if you can answer all them.
https://seekingalpha.com/article/2165...day-april-25th

You are right, they are at a low....but it does seem like there are a lot of financial shennanigans going on.....I mean just the compensation factor, 24% of revenues!!! When the company LOST money......

Let me know if you find anything else......I love analyzing these companies, but to be hones, at this point, I'm very leery of almost all the "mm companies" in the US....even here in Canada, there are 13 companies currently liscensed to grow and sell to medical patients, but they have a lot of issues to conquer yet....

1. The original market forecasts are more or less FICTIONAL since the injunction to allow people to continue growing their own....it's been announced that the case will be heard in Feb 2015.....9 more months.... these companies are going to be burning through cash reserves (which a lot of them don't have because they just saw the $$$$ figures being thrown around and figured that operations would provide adequate cash flow...)

At best, it's overturned, but what happens in the meantime? It'll be minimum of 6 months after the case is heard before a decision will be handed down....so now it's 15 months.....at worst (which I believe will happen) the supreme court will side with the patients, thereby eliminating possibly upwards of 70 - 75% of the market PREDICTIONS.....

Our group, we are taking a very methodical and business approach to our application....we have long term strategies, not just get in now and figure it out as we go.....commitment to making the company viable and profitable over the long term....R&D is a big part....and the golden goose I see that nobody seems to be even considering, is EXPORTING......all LP's in Canada are allowed LEGALLY to ship to other countries for medical reasons....

Anyway, I could keep blabbing, but just consider this.

There have bee so many pump and dumps in this sector, one must block out the news releases the companies put out (CEN / FITX hired a PR person to do just that....they're a scam....that I know, and if someone would like to explain why I'm wrong, please do)

FOCUS ON THE FINANCIAL STATEMENTS, especially the NOTES......as I said in my previous post, there was something weird and I see now it's the compensation the management was paying themselves as well as questionable "gains" on equity held in other MM companies.......

There are real companies out there, but they're not RUNNING their mouths constantly....I mean, CEN / FITX is out of control....it's been investigated and as I have been stating for months, the truth came out....

Haven't received ANY APPROVAL from the town / city to contruct anything more than an "agriculture" warehouse.....Mayor said it would take a minimum of 6 months to consider an application the size they keep touting their facility will be.....there are more, but that's the one that's undeniable....and the person that talked to the City and then posted on CEN / FITX facebook page.....was deleted and banned from posting anymore!!

There are a lot of scams......it's like the dot.com days to a point......personally, I would focus on REAL companies that have CONCRETE and REALISTIC approaches / forecasts....

Ungh, rambled more than I expected!!!

[Picarus]

Well nothing negative, except stock price manipulation, has come of the SEC probe on PHOT. They have a new Ceo in Heygi and have moved their hq to Seattle. They closed the store in my area, which was losing money daily, and seemed to have streamlined their business model. Now we are seeing some of the partnerships that were defaulted after the probe coming back. I believe its a good time to buy as is still trading below .10 and I believe they will have a great second have of the year.

[Nugrogirl]

CannaGrow Executes 20 Acre Lease Agreement with NuGro Industries

CENTENNIAL, CO / ACCESSWIRE / October 9, 2014 / BizAuctions, (OTC Pink: BZCN) (BZCN), The Company has executed a Facilities & Land lease with NuGro Industries for land and a Grow Facilities in Huerfano County, Co.

Delmar Janovec, BizAuctions' CEO, comments, "The Company executed a multi-year agreement for a Facilities / Land Lease Agreement with NuGro Industries, Inc., on October 8, 2014. The Lease is for a primary period of five (5) years with options for multiple year extensions. The Lease consists of twenty (20) acres of land with an option for additional acreage as needed, a State of the Art 7,500 sq. ft. Greenhouse and Operations/Head-House facility, and six (6) 1,800 sq. ft. outdoor Hoop Houses to accommodate 10,800 sq. ft. of summer grows. The Lease calls for NuGro Industries to provide all of the development costs for the site plans, site work, utilities, and structures."

Mr. Janovec goes on to say, "We are extremely excited to have signed this Lease Agreement with NuGro Industries. The Agreement that is in place will allow the Company to become fully involved in the Recreational/Medical Cannabis Industry that is getting underway in Colorado. Permits, contracts, and additional agreements are already in process and we fully expect to be operational in the spring of 2015."
https://finance.yahoo.com/news/bizauc...104500228.html

[Picarus]

nice self promo...
https://investorshub.advfn.com/boards...ge_id=91404120

[SirStynkalot]

Lo and behold, an exercise in due diligence! Perfectly on topic :P

[Dkgrower]

My investment plan is to be where the market is and get the stocks befor pepol start to hype them and then cash in.. i see alot of potential in MMJ bizz but since laws are still not complete open you dont see any large investements but just pepol trying to cash in on pepols eager to invest

The last time i did a small study in some international canna related stocks they are not that attaractive and those OTC stocks or investments that i saw from some U.S based company are so shady that i ditten even look at there books.

[Nugrogirl]

Perfect example of why you should always do your own due diligence instead of being jaded by disgruntled message board posters.
When I posted that Press Release the share price was a nickel, its now .25. Next year it will be over a dollar.
There are only a handful of legitimate mj stocks in the otc markets..and CGRW(formerly BZCN) is one of them which is why it will continue to move up. That and its non-dilutive!

[G.O. Joe]

Originally Posted by Nugrogirl

Perfect example of why you should always do your own due diligence instead of being jaded by disgruntled message board posters.
When I posted that Press Release the share price was a nickel, its now .25. Next year it will be over a dollar.
There are only a handful of legitimate mj stocks in the otc markets..and CGRW(formerly BZCN) is one of them which is why it will continue to move up. That and its non-dilutive!

My due diligence finds that they have around 127,070,000 shares with earnings per share of -$0.89 in the past year. That means they've lost $113,092,300 this year alone, if Reuters is correct.

[Nugrogirl]

There are only 25 million shares in the float most of which is tightly held.
https://www.otcmarkets.com/stock/CGRW/profile

The market looks forward, not backwards, which is why the stock price has been in a steady uptrend for the past 3 months.

[WeedDiva]

CGRW is a beast and on the way to .50 from here.