After reviewing HEMP Inc. 2011 annual report, it states that the company owns over 307 millions shares of MJNA. They received these shares on August 15, 2011 and were contracted to hold them until August 15,2012. It is unknown if the company is still holding these shares or if they sold them. The 2012 annual should provide more clarity. The current value of those shares is over $140 million dollars! This means HEMP Inc has a 42% interest in MJNA. If you think MJNA is going to be a winner in the long run, odds are HEMP Inc will be too.
I am the author of the post..Nice to see my post is getting noticed by HEMP's shareholders. Do the research people.. company reports tell you everything you need to know. Caution: MJNA had a article on friday saying the company was a scam so please be vigilant and continue to do the necessary research on all the companies in the marijuana industry
You did your homework. This attitude has just propelled you to the MJNA/Hemp Millionaires Club, as long as you "hold" and dont sell out too soon and too cheap. Great analysis, and wecome to "Millie".
Buy long and strong.
Very similar to LIberty Media (LMCA) had a 40% interest in SIRIUS/XM (SIRI). Liberty just purchased 11% of SIRI stock and has taking over the company. They are replacing the board of directors and have installed their selected CEO to manage the SIRIUS/XM company. HEMP management can do the same with MJNA now while the stock is dirt cheap (under $1). This action will certainly propel HEMP stock to the level of MJNA price now $.46. Sounds very promising, I think I will buy more HEMP stock in the days to come.