In a world where stock promotions rarely last more than a few weeks before fizzling out, whether because the stock is hit with a Caveat Emptor designation at OTCMarkets.com or because of an SEC trading suspension, one stock promotion just keeps going since starting in earnest in late July. That promotion is of the marijuana-related company Leafbuyer Technologies (LBUY). Despite a market cap of $70 million, as of the company’s most recent form 10-KT it has reported assets of only $197,000 and a book value of only $97,000.
Leafbuyer Technologies has been promoted by a landing page found at http://wallst-news.com/priceline-pot-game-changer-marijuana-industry-smart-investors-seeing-green/
Disclosed budget: $813,000
Promoter: WallSt-News.com
Paying party: Bonita Equity Inc
Shares outstanding: 38,380,663
Previous closing price: $1.84
Market capitalization: $70 million
Disclaimer:
Disclaimer: This release/advertorial (“Advertorial”) is a paid commercial advertisement and is for general information purposes only. WallSt-News.com makes no recommendation that the securities of the companies profiled or discussed on this website should be purchased, sold or held by viewers that learn of the profiled companies through our website. This Advertorial was paid for by Bonita Equity Inc, a non-issuer third party (“Third Party”) in an effort to enhance public awareness of Leafbuyer Technologies, Inc and its securities. Though WallStreet-News.com has not been compensated for this creation of this article, as the owner of this publication, it has received compensation up to $813,000 USD as today’s date in connection with the effort of raising awareness of LeafBuyer Technologies, Inc. Neither WallSt-News.com nor its controlling person or owner currently holds the securities of Leafbuyer Technologies, Inc. and does not currently intend to purchase such securities. Third Party is not responsible for the endorsement or contents of the statements contained in this Advertorial, which are the sole responsibilities of WallSt-News.com. Third Party did not draft, edit, approve, or exert any ultimate authority over the endorsement or contents of the statements contained in this Advertorial. Third Party is not responsible for and performed no due diligence in connection with Leafbuyer Technologies, Inc. or its securities and makes no warranties as to the accuracy of the information contained in this Advertorial. This Advertorial is based exclusively on information generally available to the public and does not contain any material, non-public information. WallSt-News.com does not warrant the accuracy of such information. Certain statements contained in this Advertorial may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and 21E of the Exchange Act of 1934. Statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performance are not statements of historical fact. Forward looking statements may be identified through the use of such words as “projects,” “foresees,” “expects,” “will,” “anticipates,” “estimates,” “believes,” and “understands,” or by statements indicating certain actions “may,” “could,” or “might” occur. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made and involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. There is no guarantee that past performance will be indicative of future results. Differences in results can be caused by various factors including, but not limited to, the featured company’s ability to successfully complete planned funding agreements, successfully market its products in competitive industries, or effectively implement its business plan or strategies. Readers can review all public SEC filings made by the featured company at https://www.sec.gov/edgar/searchedgar/companysearch.html.LBUY 2017-10-16
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PDF copy of promotion page
LBUY has also been promoted via emails such as by Marijuanastocks.com (which disclosed compensation of $20,000 in this September 26th email:
Disclaimer. I am short LBUY and I may add to or close this position at any time. No position in any other stock mentioned and I have no relationship with anyone mentioned in this post. This blog has a terms of use that is incorporated by reference into this post; you can find all my disclaimers and disclosures there as well.