Topic: [CANNABIT] Investment Details - Announcement & Discussion Thread #cannabit - page 9. (Read 66328 times)

Happy new year too. Im interested to know if the funds are held in fiat or in bitcoin. If bitcoin i would like to see a signed message for the address holding the coins. And i would vote selling the coins in nowadays times when the bitcoin price is dropping 25% a month or even 10% a day. Only holding bitcoins when paying out divs.

Happy New Year!

I hope everyone is off to a good start this year. We are doing well on our end here. Sometimes they say no news is good news but at the same time i understand that i have been away from the board for long periods of time and many of you probably feel anxious about updates and dividends. Starting this post i will make it a effort to start keeping in touch with everyone more frequently. We are looking to expand into other projects starting this year which is why we have been holding back dividends.

There are several rules and regulations that will be put into place this year so we are waiting on decisions to be made by policy makers so we can move forward with our plan for expansion. It has been about a year now since we started this project with all of you and i am happy to say that we are in a position now where we can grow this business organically without any debt. We are debt free at this moment and we want to bring our investors a greater return this year by expanding our project little by little playing it very safe. I will keep you guys updated on that as soon as we see regulations being set in place.

We have put the dividend funds into reserve at this point until we are able to navigate through the next few months. If we do not end up moving forward with expanding then we will go ahead and reimburse the funds in our reserve as a dividend payment back to our investors. I would like to say that this year has been a tough one trying to get everything dialed in. It is still only the beginning in the grand scheme of things. We are continuing to learn and expand our knowledge about all aspects of this business. This year will definitely be better than the last and you will see updates from us more often.

Please feel free to shoot me a PM or i'll catch you guys on this thread as i will be following up more often. Thank you.

Chill brah, you're killing my buzz.

So it's been nearly 2 months... any updates?

Well this certainly sucks.  Really had high hopes for this one. :p

Of course it did.  Along with his "Appliance Store, legitimate offline business." 

I'm shocked this is still around, for sure thought it was a scam awhile back.

What ever happened to that porn or cam site investment that guy was providing huge dividends returns for? Not the klye or other "startup" idea pitches. Did he end up being a scam?

Perhaps the SEC or some other state securities regulator contacted him for failing to file his offering at the appropriate venue.

Say he was a compliant grower in a recreational legal state such as Oregon, Washington, D.C., etc. Would he be violating federal law if he issued and filed securities legally with a state entity and allowed only investors from states which recreational marijuana is legal to invest (assuming they meet the accredited status set forth in such securities laws)?

Would a federal agency have jurisdiction then if said security qualified for the appropriate exemptions to not be registered with the SEC?

I'm betting some "unforeseen" incident cropped up. If the average small business is run like this then it's not surprising that so many of them go out of business within a few years of opening.

@cannabit: Any update on the current status of the farm and on the dividends?

Im sure there is none...just an amateur hard at work

What a surprise, Cannabit is late with payments again. What's the excuse this time?

So it's Saturday, were the coins able to be converted yet?

Scams dont usually get these kind of weekly stats...



Just ask the grower to run down the products he is using, and Ill tell you whether or not I can add value. But I definitely know what can be easily done to increase yield. Im just not sure this grower is experienced enough to handle it.

Just because I dont spend my days on a bitcoin site doesnt mean I should be taken as scammy. My passion is marijuana, not bitcoin anymore. Bitcoin's been boring for a while honestly. How is my website scammy, first of all? I think all you people are just too damn paranoid for your own good. I saw the first crop was a total loss because of mold, so I am offering my expertise. This guy is obviously an amateur grower, so if hes playing with your money; I would think you would want everything to go as smoothly as possible. You are welcome to come by the school, and visit the bitcoin museum anytime. The address is listed. Check out the Facebook page...I just opened a few days ago.

Yes. Your status here, the overall makeup of your website and the fact that you open and aggressively advertise your services in here has a certain stench to it.

Are you referring to me being scammy?

I beg your pardon...scammy? Were your referring to me?

Yep look very scammy...
Perhaps you should have a look at CannabisCoin if you want to partner with someone.

That sure looks fishy as hell. Cannabit, please stay away from these people.