Earache - Fact Checked18 Nov 2020 20:45
FACT CHECK NUMBER 1 "Really investor focussed related party transaction" "Greedy Twat ?!!"
Did you know Trevor has an Organic Farm?
Didi you think about the 40,000 Hemp plants the company grew on 16 acres of organic farmland that belonged to Trevor?
Are you an estate agent professionally registered in Palisade?
Do you know if $,1500 an acre for a short term annual lease on a 16 acre plot on Organic Farmland is excessive or not?
FACT CHECK Number 2: The Director Purchase and Share Options.
It is a fact the directors bought of an individual 1,000,000 shares between them. 500,000 each at 51c or 39p at the time of the transaction.
It is a fact the directors paid 39p for the shares.
It is a fact that 1,000,000 options were converted by Paul Mendel as he had the 1,000,000 options, he was the only person who had options which could be converted without any lock in under the share option scheme. This is because he took no salary for his time as Chairman.
I do not believe the two items are related, despite the number being 1m but even it they were it is not some super conspiracy!!!!
The Directors paid 39p for those shares (51c) which was the market value for them at the time.
The company has received £100,000 from the Share Option conversion, and the Directors have bought shares at 39p. FACT.
FACT CHECK Number 3: The Initial award of 6.45m shares each to Trevor and Antonio at the time HNR effectively reverse took over District 8.
Trevor ad Antonio had put significant capital into District 8. They had a cannabis business but wanted to move into Hemp. HNR effectively reverse took-over District 8 and employed Trevor and Antonio. You can see they were paid $100,000 a year salaries.
They gave up their intellectual property, their knowledge, brought the skills with them in the cannabis space, stopped making products that were the number 1 selling pre-rolled cannabis brand in Colorado to start Zoetic up.
Now I don't know how many business takeovers you have personally been involved in, but I do not believe it is uncommon for shares to be awarded to the taken over business owners who transition across along with the assets and intellectual property.
I'm sure the BB will agree you that so far you aren't a real estate agent in Palisade, not a savvy business owner, nor are you a market maker who seems to have some mystic meg crystal ball where you can see 1,000,000 shares "forward sold" where nobody else can.
Those 6.45m shares were awarded at a price of 8.5p which was the placing price when Zoetic was formed (so that is actually just £548,250 each) awarded in shares, which they actually got 1 year after remaining with the company. They put more than that into District 8..
I don't mind the options, they deserve them, they will make investors rich, and those short poor...
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