Interesting point Hector...
It's unfortunate that someone who is in a position to influence the market via PR's and investing puts out these 2 seperate news releases within' days of each other. I support honest guidance from our growing sector leaders...I understand that at the end of the day, everyone has a business to run and it's important to set yourself aside from the competition...but consistency is something I feel sheds better light on industry as a whole...We don't need to love and embrace each other in the sector neccessarily...but flip flopping doesn't not give the sector a good name IMO...
My question would be...were those 22 million shares sold before or after a PR about not knowing possible side effects of vaporizing (which is RFMK's primary product)? Or are they still being held for hopes of future returns on investment? It doesn't seem all that consistent that one would invest that much money into a company if they felt there were unknown side effects to their main product....that's just me though....
you all can read and decide for yourself...
LAS VEGAS, Oct. 15, 2012 /PRNewswire via COMTEX/ -- Bruce Perlowin, CEO of Hemp, Inc. (OTC: HEMP) and industrial hemp veteran, whose company led the last pre-election growth curve back in 2009 with a 480% increase ( www.hemp.com ), gave insight on when he thought the spike this month will start and why.
Hemp, Inc.'s (OTC: HEMP ) CEO, Bruce Perlowin, has accumulated over twenty-two million shares of stock in Rapid Fire Marketing, Inc .; eight hundred thousand in Cannabis Science, Inc.; two million in Grow Life, Inc.; and, twenty-one million shares in Medical Marijuana, Inc. Even though his favorite is his own (Hemp, Inc. (OTC: HEMP)) he has started strategically investing in other marijuana industry stocks. "I know these stocks are going to go through the roof," says Perlowin.
He adds, "The smart investor will start accumulating now before that explosion begins." Perlowin's investment strategy seems to be already paying off. The two million shares he bought of Grow Life, Inc. the first ten days in October increased 39.9% on October 11, 2012 and then 29.9% on October 12, 2012. (These spikes are around the same time the pre-election spike started two years ago when Prop 19 in California was on the ballot). That's almost $20,000 profit in a matter of days. Perlowin's investment strategy also netted him over $6,500 with Rapid Fire Marketing, Inc. as their stock climbed 10% in one day (October 12, 2012). Analysts agree with Perlowin that it's just the beginning of this particular company's pre-election spike.
And then this one 21 days later....
LAS VEGAS, NV, Nov 05, 2012 (MARKETWIRE via COMTEX) -- Hemp, Inc.'s (PINKSHEETS: HEMP) ( www.hemp.com )
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President David Tobias stated, " We feel that the coconut based lozenge is a superior method of delivery. Governments shun inhalation, even vaporizing, and the side effects may not be noticed for 20 years. Edibles incur first pass effect and potential pre-system elimination in the GI tract, and many tinctures contain a significant amount of alcohol, which can be problematic for people with allergies or addiction problems and are not as concentrated as other forms of herbal extracts that are typically about 25 times more concentrated than an equivalent tincture. Furthermore, we can adjust the cannabinoid profile for our lozenges to provide a wide range of beneficial effects."
CEO Bruce Perlowin continued, "We are confident that our new lozenges represent the most acceptable and yet effective delivery system available, providing patients with safe, measured, doses of natural cannabis extracts. This is the product that will trump everything else in the emerging trillion dollar cannabis industry. Just the US pharmaceutical rights alone are expected to bring up to 800 million dollars."
