Thursday, August 29, 2019

GOOD.v - Eve of Destruction - Update

Your humble servant marched past the Good.v Vancouver office again yesterday. It was locked down and vacant. The desks are still there and copious rubbish lines the walls. Human beings there were none at all.

Laughably, the utter dolts at are patting each other's bums about the great news that's pending. How much longer, one wonders mightily, before the light bulbs finally go on and they realize they have lost 100% to a conman.
Jesse/Mikie cancelled the AGM and needs to file financials on Friday the 30th. Could doing that be problematic for the new CFO? Damn yup. The GOOD.v office was dark last week, an attribute apparently made so by employees going 'on vacation.' This gospel reputedly from the big man his invisible self.

MattFace and Polansky have gone MIA. The former likely back to the UK and the later who cares.
Prognostication? Co is in serious trouble deep and nobody knows it better than the basterds that openly stole multi-millions.

These offenses tend to be over quick and the shelf here sure as chit ain't long.

Thursday, August 22, 2019

Deferred Pay, Bonuses and Stock Options - CCB.v - Canada Carbon

Bert Duncan claims not to be taking a salary. That's not true. Here's a post from SH that nails what mutts 'do' when there's no money ... they accrue and phuck dummies right up the kazoo. Kudos to "Basicmath" for spelling it out for folks.
"Reading the latest financials- please correct if I am inaccurate. Bruce and his wife (accountant) deferred their payment from 2018, but they were both given a bonus and 300000 each in share options at .10. Therefore, by the end of 2019 they will be owed over $800000- that is if they don't give themselves another bonus.
Bruce- 2018 $250000 + $50000 bonus + 300000 stock options then 2019 $250000 + Bonus? + stock options?
Olga- 2018- $120000 + $24000 bonus + 300000 stock options then 2019 $120000 + Bonus? + stock options?

Total compensation owed by the end of 2019 is $814,000 + any bonus awarded in 2019 and possible further stock options.
Hopefully this stock moves hard to the upside should good news come next February as that's a lot of financing required just to pay two people before raising funds for development."

Tuesday, August 20, 2019

St-Georges Eco-Mining Corp. - SX.c - "the next big thing yet to be invented"

Kudos to @smallcapsteve on Twitter for this pure gem. Surely these Quebec based capitalists have discovered what we're all TOTALLY hot to trot for.

Truly amazing and no, we ain't making this up.

Sunday, August 18, 2019

The Pot Rush rubbish - 3 'prerolled' = $17.05 - Update

One constant, no matter which pot deal one looks at, is fully stupid, lofty promises of unmitigated greatness. Sadly folks seem too willing to lap it up without question.

Example #1 is the VAST profit potential in 'prerolled.' $17.05 for half a gram and OMG think of all the profits from a zillion units of THAT. A gram on the illicit market is around $8 and that makes around 6 joints. Assuming folks are far too stupid to roll a joint and will pay more than four times as much as necessary to avoid the task is patently ridiculous. Idiotic probably.

Alison Gordon and Jeannette Vandermarel
Next up is the vast potential in outdoor grown pot. Most recently rumors have surfaced that 48North Cannabis Corp. (NRTH.v) highly touted outdoor pot has gone to seed. That means ALL the pot is fully worthless as it has no potency left whatever, and this in addition to the fact that outdoor pot will ALWAYS be inferior to that grown under controlled conditions.

This co is already booking increasing losses. If this rumor turns out to be correct 48North Cannabis Corp will sewer because it's worthless.
Lastly the extract/edible markets. Extracts and formulations are something NOBODY has any experience with. There is absolutely, positively no market for it. Nobody knows if there will EVER be a market for extracts or edibles.

Initially pot shops were desperate to fill shelf space and bought a great deal of extracts and whatever else they could get their hands on. They haven't sold because there is no demand. Product is being returned and no new orders are forthcoming. Touting the extract market is a grotesque lost leader because it doesn't exist. And observe the jaw dropping prices.
Last quarter, as a reward for losing millions, the girls of NRTH.v issued themselves a mountain of SRUs. 'Special Restricted Units' are dead free shares issued directly from the co for zero consideration to connected arsecracks for being abject failures.

See ----->48North Cannabis Corp (NRTH.v)

Thursday, August 15, 2019

Canopy Growth loses $1.28-billion in fiscal Q1 - WEED

Canopy generated $90.5m in net revenue for its first fiscal quarter of 2020, versus $94m in its previous quarter. Expectations were of at least $110m in net revenue. A $1.176 billion loss was attributed to a non-cash extinguishment of warrants held by Constellation Brands. This adjustment came from Canopy Growth's deal to acquire U.S.-based cannabis operator Acreage Holdings.
Canopy promises an annualized revenue of CA$1b by the end of fiscal year 2020 and to become profitable within the next three to five years. Investors have every right to be skeptical about such predictions.

Wednesday, August 14, 2019

Yield curve inverts = Trouble

The market’s most closely watched part of the yield curve inverted today, and if its record over the last half-century is any indicator, the U.S. could be headed for a recession. The yield on the 10-year U.S. Treasury bond dipped below the yield on the 2-year U.S. Treasury as the 10-year fell 1 basis point below the 2-year. The yield curve inversion has a very strong track record of predicting a recession; each of the last seven recessions (dating back to 1969) were preceded by the 10-year yield falling below the 2-year.

Concerns over a global slowdown have weighed heavily on longer-term U.S. Treasury yields. Since the new year, the return on the longer-term 30-year Treasury has fallen from a high of 3.12% in March to 2.08%.

Tuesday, August 6, 2019

Securities Crook Eric Paul remembers trades now - TRST.t

So I'm counting around 430,000 @ $9 and that would be something around $3.8m. How strange, for that iffing money, Mr. Eric Paul would forget all about filing on time like honest folks do.

What a wicked black eye for Canadian securities, again. Criminal basterds = pffft.

Sunday, August 4, 2019

Aphria Inc. reports profit - not exactly as advertised

Aphria Inc. is a Canadian cannabis company. It is listed on the TSE and the NYSE, and has a market capitalization of $3b, making it one of the largest cannabis companies in the world. Most recently the breathless press touted the co as reporting a profit, and the paper exploded.

The company recorded net income of $15.8m in Q4, as well as positive adjusted EBITDA.
There's trouble in the henhouse however. The profit can be attributed exclusively to non-operating income of $40.2m. The driver of this was a $48.4m "unrealized gain on convertible debentures". This hocus pocus is the company "profited" from its stock price tanking.

Accounting rules for derivatives require the company to make an adjustment as the conversion becomes less likely after a price decline. Back that out and the co had an operating loss exceeding $30m.

Thursday, August 1, 2019

Plateau Energy Metals Inc - PLU.v - Alex Holmes - Update III

Ain't much certain in this life. One of em is counting on Mr. Mark Turner to turn into a wet hen when crossed. Our guy didn't fail us and came out swinging against the offensive tard Holmes. This one takes the iffing cake. Mr. Alex 'Liar Liar' Holme's definition of 'full, plain, and true' disclosure is unique and a fraud.
Yeah so Mr. Alex 'Liar Liar' Holmes has all the answers and it's an 'administrative nature' and not issued via a court and the co hasn't lost anything at all.

I swear if this 'man' figures this load of fukkin garbage is gonna fly with anybody with grey material, well. Just for perspective this is the FIRST disclosure from Holmey and the chit hit the fan in Feb. This co's problems were and are massive, starting with a retard needing to resign because he's clueless about 'full, plain, and true' disclosure.
The rulings are INGEMMET 405 dated February 14th 2019 and ruling 464 dated February 20th. 32 concession blocks held by the wholly owned subsidiary of Plateau Energy have not had payments made for two consecutive years and those concessions are now lapsed. The company had until March 31st to appeal, which they did. They lost and are banned from bidding on the ground again.
Alrighty gentle readers, prepare your gentle anuses for the bloody damn near fully (fukkin) unbelievable this time. Say howdy do to capitalist extraordinary Mr. Alex Holmes. What's his thing? Llama poop in Peru mostly and that puts it squarely into the domain of the annoying but often too smartass Mark Turner at IncaKola.

On March 14th Turner spewed about this dopeshow losing it's claims for non-payment. The next day said dopeshow issued this classic, assuring it's suckers/stakeholders that all was well and legal action was in the cards against that LYING basterd Turner. Yeah. So now I'm compelled to let Turner sum up the heinousness of it all ...
3) Yesterday, it emerged that Plateau Energy was lying through its teeth and that IKN (i.e. me) had provided the true story.
  • Its concessions were not in good standing.
  • There was no misinformation.
  • PLU has just lost its appeal and lost its concessions.
  • And now its my turn to consider legal action for defamation, you lying fucker Alex Holmes. 
IKN Kung Fu is strong.

So the garbage chit is halted now and with no flagship property and no way to bid on getting the flagship property back (they are banned) one wonders why this junk should ever trade again. This form of management boneheadism is fully surrealistic. Even by venture standards this is epic.