Medical Marijuana Inc (MJNA)

[Det_Robert_Thorne]

For now, but AXIM needs cash. Expect dilution

MJNA owns 45% now, but as of the end of 2Q/14,AXIM had less than $5K in cash, and $50K in convertible notes, so it will need to sell shares in order to generate cash for operations and research.

The float is only a few thousand shares, which is why there is some buying today designed to pump the price.

I believe we'll soon see a share offering to accredited investors, just as happened with CannaVest.

When that happens, MJNA's percentage ownership will fall quite a bit, but then again, this deal that formed AXIM includes preferred shares for MJNA, so there may be a way for them to remain higher in the food chain at AXIM.

OTOH, knowing how horrible MJNA is at corporate governance, and given their history with CannaVest and Dixie Holdings, they'll probably "screw the pooch" on this opportunity, too.