Not sure why few seemed to interested in this one based on the lack of comments (and page-views) but the SKS potential bid has led to some interest in the space.
Medical Marijuana Inc. Q1 Report Feeds The Bears But Gives Bulls Some Promise [View article]
I don't think so - he took all his stock and used it to start HEMP.
My thoughts on HEMP (an update to my article):
There are 1.3 billion shares outstanding plus two issues of convertible preferred stock that get the real share-count up to 3.7 billion shares. The company prints stock and gives it to insiders. On $9000 in sales last year, they gave $16mm worth of stock to insiders. The company used to report sales of MJNA stock as "revenue". Total scam. Anyone who chooses to invest in HEMP is likely facing total capital loss over time.
Medical Marijuana Inc. Q1 Report Feeds The Bears But Gives Bulls Some Promise [View article]
reverse split doesn't make a difference.
There is no way to truly reduce the share-count given that the company has minimal cash. The only thing that would help would be CannaBANK or Sides buying shares with cash (or perhaps some friendly third-party).
Medical Marijuana Inc. Q1 Report Feeds The Bears But Gives Bulls Some Promise [View article]
STATUTE CASENO CHARGE DEGREE LEVEL BOND 13A-12-212 CASE0001 (BALDWIN COUNTY SHERIFFS OFFICE) POSSESSION OF A CONTROLLED SUBSTANCE F $5000.00 13A-12-214 CASE0002 (BALDWIN COUNTY SHERIFFS OFFICE) POSSESSION OF MARIJUANA SECOND DEGREE S M $1000.00
It's probably not good to have a felony conviction (if that happens), even in this industry. Like I said, I don't really care except that he has said publicly that he doesn't use. If he was using and not just possessing, it's a credibility issue.
Medical Marijuana Inc. Q1 Report Feeds The Bears But Gives Bulls Some Promise [View article]
If CANV gets off to a slow start, the seeds are planted for it to be stolen. The stock craters. The debt-holder (Mona) ends up controlling the company.
Here is how that works: 8.9mm shares outstanding today - going to 42mm (7 initially + 35 for PhytoSPHERE). The credit line is $2mm. If the stock goes to to .05 (the price Mona invested in November), then there is $2.1mm market cap. MJNA would own 28mm, CannaBANK 7mm and the insiders (Mona) 7mm. Convert the 2mm debt into shares at .05 and 40mm shares goes to Mona (Roen). That's 82mm shares. Guess what: authorized share count is 90mm! MJNA ends up 31% of the company only though they started with 80%.
Bankruptcy could give Mona 100% - so far he has invested abut 1.5mm (350K for the initial equity plus the outstanding amount owed to Roen) and the max would be less than 2.5mm.
Keep in mind that there is some evidence that 1/2 of Roen is Llamas...
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Medical Marijuana Inc. Q1 Report Feeds The Bears But Gives Bulls Some Promise [View article]
My thoughts on HEMP (an update to my article):
There are 1.3 billion shares outstanding plus two issues of convertible preferred stock that get the real share-count up to 3.7 billion shares. The company prints stock and gives it to insiders. On $9000 in sales last year, they gave $16mm worth of stock to insiders. The company used to report sales of MJNA stock as "revenue". Total scam. Anyone who chooses to invest in HEMP is likely facing total capital loss over time.
Why I'm Buying Multiband Hand Over Fist [View article]
6 Retailers Ripe For LBO [View article]
Medical Marijuana Inc. Q1 Report Feeds The Bears But Gives Bulls Some Promise [View article]
There is no way to truly reduce the share-count given that the company has minimal cash. The only thing that would help would be CannaBANK or Sides buying shares with cash (or perhaps some friendly third-party).
Medical Marijuana Inc. Q1 Report Feeds The Bears But Gives Bulls Some Promise [View article]
13A-12-212 CASE0001 (BALDWIN COUNTY SHERIFFS OFFICE) POSSESSION OF A CONTROLLED SUBSTANCE F $5000.00
13A-12-214 CASE0002 (BALDWIN COUNTY SHERIFFS OFFICE) POSSESSION OF MARIJUANA SECOND DEGREE S M $1000.00
It's probably not good to have a felony conviction (if that happens), even in this industry. Like I said, I don't really care except that he has said publicly that he doesn't use. If he was using and not just possessing, it's a credibility issue.
Medical Marijuana Inc. Q1 Report Feeds The Bears But Gives Bulls Some Promise [View article]
http://bit.ly/14OLufx
Medical Marijuana Inc. Q1 Report Feeds The Bears But Gives Bulls Some Promise [View article]
http://bit.ly/14OLufx
Can Judge Jackson Still Ignore Google's Work-Around? [View article]
Medical Marijuana's Journey To $0: CannaVEST Payment Was Worthless [View article]
Medical Marijuana Inc. Q1 Report Feeds The Bears But Gives Bulls Some Promise [View article]
Medical Marijuana Inc. Q1 Report Feeds The Bears But Gives Bulls Some Promise [View article]
Here is how that works: 8.9mm shares outstanding today - going to 42mm (7 initially + 35 for PhytoSPHERE). The credit line is $2mm. If the stock goes to to .05 (the price Mona invested in November), then there is $2.1mm market cap. MJNA would own 28mm, CannaBANK 7mm and the insiders (Mona) 7mm. Convert the 2mm debt into shares at .05 and 40mm shares goes to Mona (Roen). That's 82mm shares. Guess what: authorized share count is 90mm! MJNA ends up 31% of the company only though they started with 80%.
Bankruptcy could give Mona 100% - so far he has invested abut 1.5mm (350K for the initial equity plus the outstanding amount owed to Roen) and the max would be less than 2.5mm.
Keep in mind that there is some evidence that 1/2 of Roen is Llamas...