• Top 3 FAQ for the week of  March 14th 2014.

1.  (Email)Shareholder: "Where is "The Machine"?"

     (Answer)PMX: "I am unclear which "machine" you are referencing?"

One of the MGIV precious metals terminals remains in Florida and is being used as our test machine and will continue to be a sample terminal. The additional MGIVs are stored in a larger secured manufacturing facility. 

The first LXIV cannabis terminal is already manufactured and being tested with exit product packaging compliant with the retail cannabis guidelines in Colorado, and once approved will ship directly to Colorado.

2.   How long does it take a typical person or company to get the approval to vend or          sell marijuana in Colorado? 

This is a learning curve process for PMX as well.

It is our understanding that previously licensed medical marijuana dispensaries, growers, and cultivators  were permitted to apply for a Colorado MJ recreational license. The regulations explain that there is a comprehensive vetting and public hearing process with the Marijuana Enforcement Division, and then if approved, one may receive a recreational license. It is our understanding , that if one did not have a MMJ dispensary, grower or cultivator license, or was not already in the application process for those licenses, then one had no ability to apply for a recreational license up to this point in time in Colorado. Again, this is what we have been told and read and we are in no way experts, and PMX are not seeking licenses to become dispensaries, growers or cultivators. 

Check out the link below for more information:

http://www.colorado.gov/cs/Satellite/Rev-MMJ/CBON/1251646523915

We read about the newest terminals, and we are unclear of who will monopolize the marketplace first, nonetheless; from what we have read each one's focus is quite different. 

Some of the press has focused on biometrics that are not Colorado state approved, and that puzzles us, because we ponder why companies are developing terminals that do not comply with Colorado's Amendment 64, which seems to be the barometer of recreational and medical marijuana laws from which other states are developing their legislations. 

PMX  will be compliant and adjust our technology to the laws of each state we enter.

3. b)  What automated machine do you think may have the competitive edge?

We are excited, and we feel the LXIV has the obvious competitive edge, while we may be the new horse in the paddock,  we are the only terminal mare with real life racetrack experience in the retail consumer arena. 

After all, the LXIV has been developed on the same platform as our MGIV, that had a successful unmanned launch dispensing gold bullion gold to the retail public. PMX feels if we were successful with mall traffic during snowbird season dispensing fine gold, then dispensary traffic should be a breeze for the MGIV cousin terminal the LXIV.

We wish everyone the best of luck!

 ***We keep our FAQS to 3 questions PMX feels are relevant to the week passed. But,  for those who have asked, the designer is working on  www.pmxpot.com  and we hope for it to go live in the near future. 

 Please email your questions to info@pmxgold.com  

Follow us @pmxgold

Have a safe week!  

The PMX Team