Roen won. That's whose been selling stock. Got 52M shares, that's the $3.8M litigation settlement charge on the balance sheet. Or at least who *was selling shares. At the end of Q2 Roen was not listed as a 5%+ shareholder.
In other developments, $100M-valued blockbuster MJNA investment Kannaway bounced checks for $15k and helped cost MJNA over $100k in credit card fees and bank penalties.
But I found a gem. In notes long term. "The Company, HDDC and General Hemp, LLC are engaged in discussions to retire or restructure the $13,492,503 of debt owed by the Company to HDDC and General Hemp."
Wait. Dr Titus and Mr Llamas discussing retiring convertible notes? Really?
Add to this an increased gross profit margin with much lower litigation costs going forward.
MJNA chipped away debt, hinted at much more to come, and is now also providing a mark to market accounting of shares they hold at the end of the quarter as others mentioned already. MJNA didn't lose the $10M and CANV at $5 will look very different on the balance sheet.
After a scotch and some time to read, I remain cynical, but acknowledge progress and starting to feel good about this company again.
The establishment has utterly failed the world, the people of the United States, and especially its soldiers.
I long for the days of watching for Halliburton's fraud in Iraq. At least in those days we did have control.
We've turned over most of the middle east to Russia, Iran, the Saudis, and terrorists now.
Russian brief incursion into Turkish airspace = Dear Turkey, you will not be operating in Syrian skies any longer.
Now Iraq is turning towards the Russian war machine for safety and protection.
One has to wonder, why was ISIS allowed to spring up overnight and continue operating?
This all bodes well for gold. It is a simple matter of time before either a US/Russia accident happens inside Syria or Iraq.
So either MJNA will be valued at $35B market cap with almost no assets, or, a 230:1 reverse split is coming?
Ouch only $100k today. I said the other day they are exhausting buying interest at $0.03, will have to take it down to $0.025 or lower to get more buyers in here.
In markets with a strong SREC, a cash deal will pay for itself in about 6 years. If you lease, you're in for at least 10 years with a potential to have to buy out the balance at the end, and hopefully you don't need to sell your house while the lease is in effect!
Hey look at that like I said " MJNA might scrape together $1M in profit UNLESS THEY SPENT ANOTHER $1M IN COURT"
They also took a realized loss of $4M on stock sales.
Total Q3 loss of $10 MILLION DOLLARS!!!!!!!!!!!!!!!!!!!!!!!
Yeah this is not going to resolve by mid-October, my bet on calls is going to wipe out. Question is, how long will it take the market to become satisfied that nationalization will not occur?
In this environment, I would recommend to the AUY board to *not* IPO Brio at this time.
Interesting the impostor has to fake my name to give some semblance of credibility to today's press release. I'll take it as a compliment.
CBIS is a total scam, selling shares to pay dividends what a joke. CBIS and MJNA will never merge.
I've had about enough of Small Cap's canned pumping "interviews" as well. There's a reason Dr Titus hasn't shown up on anything more wide-spread. I am sure hes's been asked, just declines. Because MJNA knows their CEO will be asked about all the notes and share sales and especially about Kannaway. Nope, can't talk about that.
What did all those loans pay for anyway? Specifically? If we must endure a further 300M share conversion dumping into the market, what did MJNA investors get for that note? The holder is getting a healthy double-digit return, what about the investors?
Now that is incorrect. Over $10M of those losses is from mark-to-market accounting adjustment of equities recorded on the balance sheet. This was not loss from operations or sales.
What a joke. There's a reason you don't go to the Honda factory to buy cars, you go to dealers. And there's a reason why leasing a car is always a worse deal for the owner than cash or financing.
$0.0285 is not enough! We have weeks and weeks before earnings. They need to get to $0.025 or lower to get back to $200k+ per day clearing out convertible notes.