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Strategies & Market Trends : Golden Leaf GLH or GLDFf
GLDFF 0.0570+15.9%Dec 3 3:12 PM EST
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To: Natedog who wrote (347)3/24/2016 1:55:13 AM
From: Berry Picker1 Recommendation

Recommended By
99FXD

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Well Dawg - thanks for that "uplifting" comment.

It is no surprise our stock is down here - this has been a compromise on the part of GLH
to get there ass into washington - People think they "bought out" BMF Now that's a laugh.

Here is the section that explains the move in the new law that is a coming..

11 (c) No license of any kind may be issued to:
16 (iii) A partnership, employee cooperative, association, nonprofit
17 corporation, ((or)) corporation, or limited liability company unless
18 formed under the laws of this state((, and unless all of the members
19 thereof are qualified to obtain a license as provided in this
20 section)) or holding a certificate of authority to transact business
21 in this state. For the purposes of licensing under this chapter, the
22 partners, members, or shareholders of the entities identified in this
23 subsection (1)(c)(i


BMF now owns 1/3 of the company alone - to get a 50% vote for him is easy.

I would say BMF took over GLH in my mind and to do so the deal may have been
made sweet for them as well. GLH wants into Washington and this was the quickest
way to get there - so to give up that much control and portion of the profits must
have seemed good to the GLH BOD for one reason or another. The addition options
that expire in 2018 for 52Cad obviously has an impact on the perceived value.

Shareholder need hope that the move will work on for their interests and the fact
that BMF ended up with mostly shares bodes well for the future SP

Also - the fact that the initial 3 million in cash was renegotiated also bodes well.

Our new "partner" wants the SP do do well - they are just not in as big a hurry
as our sorry little wallets are - in fact, I doubt they really care day-to-day about SP
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