Martello Technologies, Mojave Jane Brands – Midas Letter 213



and begin posting revenue and doing all the good things that we've been aiming towards here you bet okay Gary that's a great update we'll leave it there for you now we're gonna see you in California soon with our camera crew thanks very much for joining me again today sounds great good to see you again Jim if you'd like to show you'll love our website visit us at www.vividracing.com or Legos right there on the lower left any minute now hey there we go Tayloe labs at halo cannon calm halo is our sponsor for the next three months halo is a manufacturer of extracted cannabis products they own 20% of the wholesale market in California they're on track to make about 35 million bucks this year a revenue of revenue grow and they have an operation starting up in lassoo – that is going to supply the European market and they've also got traction in Nevada and in Oregon where they also grow so halo Labs is both an extractor and an MSO and I shouldn't have to point out to you how the Matic that is in the current investment climate despite the fact that their stock is getting hammered anyways we'll be talking a lot more about halo labs in the days ahead now have you been doing well before it I have been otto before yeah it I didn't like I didn't get to see much of it no no really yeah I was gonna cut that a Canada savings bonds convention really Canadians even get funded yeah I was I was selling Canada savings bonds no kidding any how many they sell I don't know none well I'm not with him anymore is that Kate no alright anyway that's not a good investment is that why was just a long time ago and they sent me up there for some training oh my what did you learn how to do I called up the they actually anyway it's a crazy story but I walked into the hotel you know and I could leave he said well you got to pay your bill let me pay the bill I'm on government business the government's picking up the bill they didn't like that the government wow that I got I got a phone call from somebody some government person it was a pretty high up in the government and they how dare you talk to me like that how dare you it was it was whenever anybody says how dare you I always feel like saying well why wouldn't I yeah like what are you that's gonna kind of attitude I'm special ed for guys so you special like what are you the taxman what are you gonna tax my ass tax it you're taxing my ass I'll be nice to you so still canna you heard it's still canna it's still Canada still Canada there's an interesting name some of the names coming out are interesting canna one canna one gather mechana one public can of worms can of worms whoo good one vape and CVD vape and Phaethon like is that like vapid but vapin yep it's like what happened we scrapped it being empty vapid is well like it means like your legs there's nothing going on in there low sleeps low cerebral throughput of limited bandwidth of limited mental firepower craft cultivators strive to combat black market sales with premium cannabis now there is it had an interesting headline let's see this has got to be from one of those news people financial buzz calm boy here's the problem with the news speeds these days is they're so full of like too bit promoters that are putting out things that are supposed to be don't be fooled by these things people their credibility should be this yeah it actually should be this if it's the news release it only comes from the company if it goes in a news wire it's not from the company it's pure promote easy easy to differentiate so don't forget that and there's an increasing amount of that which is in fact decreasing the value of the old fashioned news wire why aren't the regulator's doing anything about that maybe because they're financially interested in some of these non news wire sources that could be maybe they've got some options maybe they're buying them maybe they maybe they backed them exactly yeah so yeah are we better about that we're pretty bitter what other big news happened in the world today AD cannabis news I've noticed there's oh you know what I'm really interested in this is al off topic but look at Britain grabbing that big super tanker for me Ronnie I was interesting that was a week ago was it yeah oh not a week ago yeah it was if last week the they put the Iranian said that they were gonna snatch a British one in return that has it happened well this could escalate what it'll be wild if we had it like well this is this might have something to do with the price of gold I think I think the you know I'm starting to really it took me a long time to believe that you know why to follow the Fed like with the feds you know they they they've pretty sure now rates are going down it's gold skyrocket on that yeah you know so it's all about you know the money they're gonna be printing so much Frick and money yeah and the rich are already rich so what does the health of the rich need money for yes they printing this money for me yeah you're not gonna get it no no I said I'm gonna smoke dope to hear about the twenty tons of cannabis seized in Santa Barbara Santa Barbara Santa Barbara California what the hell would they be seizing cannabis there it's legal well I don't know well they you know because there's now three species of cannabis there's threatened all-district no there's sativa indica and legal really like the way you actually pause there for a second no I mean there's 80% of the cannabis that is being consumed in California is still said to be from black-market sources yeah so illegal cannabis do you think the cannabis knows that it's illegal or the you know like there's a little legal cannabis here next to the illegal cannabis and legal cannabis is yours you're a dirtbag your beard your criminal you're almost like a bird off the street you're not real you you can legitimate did you sneak in here contra just sneak in here exactly how do I get in your papers yeah where's Ivers those fake Levi's jeans I'm fake med man got a thirty million dollar loan from Gotham green partners not Gotham green partners Gotham green partners yes my Gotham green Fame AC money already its hitmen enterprises have you looked at their financials they're burning through the Kappa you know that he has never really destroyed you know it just keeps moving right so just because it left you doesn't mean ya know money doesn't disappear it but it doesn't do anything it tell that to the guy who's got you know a Forbes billionaire listing I know buddy but money by itself it's doesn't the great other another money doesn't come on sit on it right it doesn't sometimes it's like these are ones I'm gonna put the hundreds on top of the ones because what else watch but I find it interesting that Gotham green arguably smart money in the space smart money contradiction in terms I don't think so would see fit to lend them 30 million dollars now here's the thing was it what was the word of some of the conditions Mad Men enterprises co-founder out of beer and said both Gotham green and Wicklow have shown continued confidence in our strategy and recognizing the potential ahead now interestingly this little news item let's see doesn't exactly tell us what the covenants are when it comes to a loan first thing I want to know is what's the interest rate what's the interest rate second is there a conversion factor so that means you're gonna get you're gonna pay interest plus you're gonna dilute the hell out of all the other shareholders when these guys convert thirdly I want to know what the covenants are and fourthly probably most importantly is this a secure senior secured money or is this junior unsecured money meaning junk is it in front of all the shareholders or is it behind all actually even junior well it's accurate is in front of the sheriff everybody's sort of the shareholders the shareholders know that know especially out of Biermann who's like him and his buddy control the whole company yeah they did its debt debt ranks ahead of all owner's debt ranks ahead of yeah obviously yeah debt ranks ahead of all equity owners yeah it's it's okay so here's what we're on that we're gonna go see to our men men we're gonna quickly pull up the document that will should go more in depth but chances are it won't because men men has demonstrated a propensity for what should we call it less than less than less than transparent management now let's just see here okay here's the commitment here's more details this is okay here we go let's see let's see let's see here oh my gosh I need this in a larger size okay up on my NDI is the actual press release so conversion price oh there's a conversion feature add how about that look at this okay so in addition to funding general working capital okay thirty million dollar equity commitment plus two hundred and fifty million dollar senior secured convertible credit okay so yes its senior to all the shareholders obviously secured by all the assets of the company convertible we don't know what whose discretion in that what level yet because we're just getting started on this and yeah what more do you need to know so they through put up thirty million dollars in equity and two hundred and fifty million dollar credit facility that's convertible okay let's see here it's reading price thresholds in respect of the class be subordinate voting shares okay see this is this is one of the problems with these convoluted ownership structures is it's gonna take you a few hours of reading it about eight times over before you can actually get it straight in your head at least that's what Matt Bennett did this this is mid man yes take a look with the stock well obviously had to fall today well that the stock was up Oh what it was this is the interesting thing so let's go see exactly how that is affecting the share price here it is okay no no and where does that one trade madmen yeah see how to CN X okay so I just put that in no that doesn't work either no it doesn't work there it doesn't work there nothing's a valid symbol anymore around here okay because they're all getting unlisted okay so right as of right now med med is down eight cents two $3.26 down 2.4% so the question you have a chart up a little higher in error so we can you know see I'll go you one better the question I have is what is the equity component the thirty million dollars at at what price since the stocks dropped only a little bit I'm gonna assume it's probably two dollars and eighty cents what do you say about that it I think that's a good bet survey says survey says oops look there we are what the hell is going on why is that still playing on the live thing this is very confusing uh yeah but yeah so there you have it i anthesis 362 that seems they'll be lower – isn't it i an't this yeah yeah you know i think we're gonna have to trade change the qualifying criteria for our index yes because for example there won't be nobody left well no it's because there's so much garbage coming on to all the exchanges like the promoters are now here in force people and what that means is the quality of cannabis companies is going way down and you can see that because let's just pull up the index page of the CSE here for example let's take a look at okay so these are listed by market cap so these are the largest market cap companies led by cure lead all by true leave green thumb industries Anchorage foldings still the fourth-largest by market cap 832 million betcha acreage Holdings is going to be a short call I'll bet you any money green thumb industries still 1.5 billion but let's reverse this and look at the lowest performing companies of the day five Vito Holdings warrants what five eight is doing okay MJR x global health clinics a three center ever heard of it no neither have i am beyond a health court thirty-three center have you heard of a bianna i think we've had him on the show Canada House Wellness Group and the education outfit we've had him on the show but happen or growers $0.03 Cordova can Corp ordinary shares never heard of them hell spaced out asbestos systems boy willow Biosciences there's one of the biosynthetic producers now here's the problem is that I can't tell any longer thanks to the strange happenings in by well this is just so weird anyways so yeah there's a little bell on the upper right hand corner of your screen it's a little bell shaped in the shape of a bell a bell is like round on the top with a little wider flare at the bottom of a what do you call it think it's the clapper even though there's no clapping going on it's dinging ding ding ding ding ding so why isn't it called the dinner Edward the dinger the dinner call that dinner no we call the dinner dad that's our show for today thanks for watching we'll see you tomorrow Bruce Lynne's backyard

4 Comments

  1. Habslayer said:

    I like the advice you guys provide. I just have one suggestion. When you are talking try not to touch your face it makes the broadcast look amateurish. Other than that keep up the great work and continue putting a spotlight on those Canadian small caps!

    July 12, 2019
    Reply
  2. Easy As Pie PerMe said:

    Warrants are garbage

    July 12, 2019
    Reply
  3. Easy As Pie PerMe said:

    Hate convertibles always toxic for shareholders. Look at how BlackBerry shareholders getting skunked

    July 12, 2019
    Reply
  4. Easy As Pie PerMe said:

    Regulators have been corrupted

    July 12, 2019
    Reply

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