Ayoo

@weedmaps Is that money coming from the shareholders you are robbing? @WMTechnologyIR @Dougfrancis

1 more day until 4/20 🤯 Tomorrow is the last day to enter the sweeps! $4200 is still up for grabs + the grand prize trip to Spannabis 2027. Head to Weedmaps to learn how to enter and lock in your chance before time runs out. Good luck. Subj2Rules: bit.ly/wm420rules. NoPurcNec.VoidWhereProhib.

Does any billionaire want to come in and buy the float of @weedmaps? You can become the @JeffBezos of weed! Logo also looks like the @amazon logo. This isn’t financial advice $MAPS $AMZN $MSOS

The Board of weedmaps really said 4/20 is the week we delist. $MAPS $MSOS

@RodAlzmann Devour unless we defend

@mispricedrisk Who’s going to tell them $MAPS is a cash gold mind business at these levels and management wants to rob shareholders. 2021 traders would t let it slide

so... who's going to tell WSB about rescheduling? $MSOS $MAPS

The fear with $MAPS is not if it will fail but if management is trying to rob shareholders.

@moazzam0_reddit @valuefiend Didn’t they say they will file Form 15 “once permitted”

@valuefiend Yes this may work better than expected. They just announced a declassification of the board and annual election of directors (previously a staggered three year term). And we also got a new auditor. Looking better than feared in several ways. $maps

Interesting that $maps Q1 revenue declined way less than expected when they reported Q4 2025 results. Glad to know they'll continue to report results, and that they'll be listed on the QX (higher tier) of OTC. Business is better and management less hostile than expected.

@WMTechnologyIR Happy shareholders = Good future

We'll be at the ICR conference next week in Orlando. Be sure to catch our CFO's fireside chat on Tuesday at 1:30pm. See you there 😎 ir.weedmaps.com/news-releases/…

@MrMojoRisinX @RodAlzmann

I received several messages this morning on that other platform (subbbbbb.....st*ck) about ticker $MAPS. I am not that familiar with this company/stock, but I have heard a pitch and recall the insiders attempting a management led buyout in the past. I am not involved and am very unlikely to get involved directly as I am pretty busy with some other mandates that involve constructively working with c-suites to effectuate change. If I understand this correctly, $MAPS runs a two-sided cannabis technology platform. Weedmaps connects cannabis buyers to licensed dispensaries on the consumer side. WM Business sells SaaS tools including menu management, CRM, loyalty programs, and delivery logistics on the merchant side. Revenue comes from monthly listing subscriptions and advertising placements. Seems like there are potential buyers for this business ranging from DASH, UBER, GoPuff, perhaps even direct competitors like YELP, and then distressed PE who would likely restructure the business, clean it up, wait for rescheduling catalyst, and then flip to a strategic partner. Jack Dorsey and Block are also interesting here given Block's existing presence in the payments and POS space for small merchants, and cannabis dispensaries are exactly the kind of underserved merchant vertical that fits that thesis. So today, MAPS surprised its holder base with not another take private proposal but instead announced it would voluntarily delist from Nasdaq and move to OTC markets. The company plans to file a Form 15, which terminates its SEC reporting obligations entirely, and the last day of Nasdaq trading is expected to be April 24, 2026. Btw $TOKE owns 800k shares and is also liquidating so they probably exited their position today in this 50% downdraft (12mn+shares have traded). Again, I am new to this situation, but this looks coordinated and frankly well thought out. The MAPS board was almost entirely replaced in the months prior to this announcement. Three new directors were appointed between February and March 2026, all with ties to the founders or cannabis private deals. Scott Gordon, the most prominent independent voice and former CEO of the SPAC that took MAPS public, resigned one day before the delisting was announced. The company also switched auditors four days before the announcement. Co-founders Doug Francis and Justin Hartfield control roughly 40% of the combined voting stock. Francis is now both CEO and Chairman. They previously attempted a take-private bid at $1.70 per share in late 2024 but withdrew it in June 2025 after a special committee was formed to evaluate it. I want to be careful here, but this is how I see the alleged strategy. By delisting before making any formal bid, the founders avoid triggering Delaware's "Entire Fairness" review standard, which would require a fairness opinion from an investment bank that would almost certainly highlight the gap between the $62 million cash position and the market cap. Once the stock drifts to pennies on OTC with no institutional coverage and no SEC filings, they can make a lowball offer and claim they are paying a premium to the OTC price. They then wait for federal cannabis rescheduling or banking reform and sell to a strategic buyer at a massive multiple. From there, a Nevada reincorporation becomes the logical next move for bad actors who want to finish the job, and I have written about this playbook before in tweets and Inside Mojo. Delaware allows lawsuits for breach of the duty of loyalty. Nevada requires proof of intentional misconduct or fraud, a much higher bar. With founders controlling 40% of the vote and institutional holders likely exiting, pushing through a reincorporation vote becomes realistic. If these guys are as calculated as this looks, that is likely already on the whiteboard. Which is why anyone considering action needs to move with urgency. Once they go dark and reincorporate, the legal window closes pretty fast. On what shareholders can actually do today: the most actionable path is social media pressure combined with finding a white knight who believes in this business and can move quickly. And critically, a legitimate acquirer does not need to go through this board. A formal tender offer goes directly to shareholders and requires public SEC filings, meaning an interested party could bypass the board entirely and take an offer straight to holders before April 24. Any bidder crossing 5% ownership also triggers a mandatory Schedule 13D filing, so this does not happen quietly. The window to make that move while MAPS is still listed on Nasdaq is two weeks. The legal paths, breach of fiduciary duty and securities fraud tied to the prior MAU misrepresentation, a matter they have already settled once, are real but slow and expensive. If a formal merger or squeeze-out eventually happens, Delaware appraisal rights allow dissenting shareholders to demand a judicial valuation, but that is a years-long process. The white knight angle is the one worth pursuing hard and fast. Anyone seriously looking at this, feel free to reach out.

@HenryLuMencken @chrisbeals

Delisting a cannabis business Immediately prior to federal cannabis reform Has got to be one of the most blatant shareholder frauds ever. Cant wait for the lawsuit. $MAPS

@chitchatstocks @RodAlzmann @chrisbeals

NEW PODCAST EPISODE! @RodAlzmann returns to discuss the latest microcap deep value stock he is buying (00:00) Introduction (00:57) Why is [X Stock] down 97%? (02:10) Historical context and sector-wide decline (04:05) Company-specific deterioration factors (05:32) Impact of federal law and tax issues (06:59) Financial health and cash position (11:30) Regulatory risks and potential de-scheduling (15:49) Virginia legislation and market opportunity (20:46) Potential acquisition scenarios (24:09) Board engagement and governance signals (29:10) Treasury management and cash utilization (34:26) Board communications and shareholder rights (36:44) Risks to the business and downside scenarios (40:56) Stock valuation and intrinsic value (43:45) Market cycle and supply-demand dynamics (50:29) Market interest and short-selling activity (53:55) What investors are missing about the stock (56:31) Summary and closing thoughts Follow the Chit Chat Stocks Podcast on YouTube, Spotify, and Apple Podcasts

@MrMojoRisinX @chrisbeals

@chrisbeals So you are deleting comments exposing that the intend to ipo weedmaps was always to rob shareholders.

I've been thinking a lot about lately is the absolute explosion of vector data AI is creating and the mass transformation of ephemeral data (e.g. phone calls) into permanent AI transcripts. I think we see earth changing litigation on this soon. chrisbeals.com/the-case-for-a…