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Wednesday, April 16, 2014 6:03:46 PM
There are far worse violations that has caused a stock
to be halted.
In an email to Benzinga, CANN CFO Christopher Taylor
said that “the management of the company [is] as shocked
as anyone,” further noting that “this does not pertain to
any of the restricted shares owned by the founders or
officers.
"This relates to stock that has been sold that is free
trading, and we have no control over these sales."
Current officer's and founder's stock is restricted.
And any violations has nothing to do with current
company business practices.
420 Investor Alan Brochstein called CANN “one of the
best companies in the [cannabis] space,” noting that
this is most likely a third-party problem with an
individual investor breaking the rules.
" There are questions regarding whether certain undisclosed
affiliates and shareholders of Advanced Cannabis
common stock engaged in an unlawful
distribution of securities through the OTC BB and
OTC Link. "
http://www.sec.gov/litigation/suspensions/2014/34-71814-o.pdf
CANN has nothing to hide, and will answer any questions that
anyone has, Scott Peters CANN CFO, 719.590.1414
Recent CANN News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/09/2024 09:00:27 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/21/2023 01:30:11 PM
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- Form 8-K - Current report • Edgar (US Regulatory) • 08/23/2023 08:30:18 PM
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- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/02/2023 08:33:03 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/07/2023 08:30:37 PM
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