IJJ Corp (IJJP)

[stervc]

Cassandra, to answer your series of questions…

Anything I posted is based on my speculation after reading that court order. So, as for any kind of official verifiable information to justify what I posted, I don’t have it. It is what I think is being believed and transpiring so I could be wrong, but I think I’m close enough with my speculation even if such is later to not be 100% as I have insinuated. Since this forum is for sharing thoughts… I shared them.

You asked:

Sterling, would you be so kind as to explain why you claim that the number of shares IJJP is to issue to the Property Interest Exchange share recipients ("PIE share recipients") "is really not going to be 2 billion" and that the number "has already been cut in half?"

That IJJP court document and PR both indicated that the shares would be delivered on an incremental basis. The PR actually said… stock to be delivered in the future, over time… I took that to mean that the shares have not been issued yet and that when they are, they will be issued in portions. Actually, I have no idea when such shares would be issued. It was only a guess, but logically speaking, the amount of shares for distribution were probably derived from a per share price per all of the stocks involved. So, since the price had increased somewhere in the area of double from when I made that post and since the original time of such execution of the contract, I figured that the shares used for the deal would be half of what was indicated or even greater than half. Remember, IJJP recently was at .003 per share after the contract so it could have been argued that the amount of shares distributed on an incremental basis would be greater than half and actually closer to a third. Again, I don’t know the exacts, but I think regardless, something significant (and positive) here with IJJP appears to be in the works.


You asked:

By "filings" I assume you are referring to documents submitted to the Circuit Court in Waukegan, IL filed by Randall S. Goulding of Securities Counselors, Inc. (SCI) regarding the settlement of his debt claim against TWDL for unpaid legal fees using the Section 3(a)(10) exemption from registration. Do you have any documentation to support your claim that the first tranche has not been issued? Do you know the dates when each of the three tranches of free-trading shares of IJJP and the other 5 issuers (public companies) are to be issued? Aren't they supposed to be 75 days apart?

Again, the PR actually said… stock to be delivered in the future, over time… I took that to mean that the shares have not been issued yet and that when they are, they will be issued in portions. I don’t have any documents to support my speculation except for what was filed with the court and the previous PR. I don’t know of any dates for when any of the tranches will be issued with IJJP or with any of the companies. If you say that each tranche is supposed to be 75 days apart, then such is fine.


You asked:

Do you have a link to a statement from IJJP making this claim? What deals does IJJC sole officer and employee Cliff Pope have "lined up" that are going to cause the share price to nr "high enough" where he will only have to issue "a few hundred million shares" instead of the 2,094,857,143 shares shown in the court documents?

There is no link for this thought. I believe this from reading their previous PR. Surely if the company is going to be bringing in $2.1 Million in Net Income, one would have to easily speculate that the share price will begin to appreciate as the market begins to realize the value here in IJJP for doing this deal.


You asked:

Why do you classify the issuance of 2,094,857,143 as only a "worst case scenario?" Are you claiming that 2,094,857,143 is the maximum number of shares IJJP will be required to issue under to the PIE share recipients? If so, please explain where that is stated as well as where it is stated that "the worst case scenario had to be presented to the court"

Keep in mind, the shares will be issued on an incremental basis and not all at once. Since I believe that the price of IJJP will increase over time, then I would have to believe that the amount of share issuance for each tranche will decrease. If you believe that the share price for IJJP will decrease over time, then you would have to believe that the amount of share issuance for each tranche will increase. Actually, neither of us will know the breakdown of the shares until an update is provided by the company. This thought also applies to your next questions within your post on the topic.


Then you said:

The bottom line is that IJJP and the other 5 companies are paying a total of nearly $12 million in stock to entities and people who own interest in WOM and MPT but haven't yet built any marijuana farming operations and may never build them. There is nothing to stop these people and entities from selling the stock they receive and keeping the proceeds. The unsubstantiated potential income projections that they would supposedly share with the 6 companies issuing the stock may never occur. In other words, the much ballyhooed $2.1 million IJJP is supposedly going to receive in perpetuity will not happen unless the PIE share recipients pay over $3 million of their proceeds from selling the free-trading IJJP stock they receive to build the WOM and MPT MMJ farms that haven't even been started. Given the histories of the people and entities involved, it's extremely unlikely that the farms will be built and that the companies that issue shares will ever receive any income in exchange.

If you have verifiable information that disputes my assessment of the bottom line, please share it.

If you do a little more digging, it’s public information that WOM and MPT are already operational. The deal is to bring huge expansion to both WOM and MPT. I believe that $12 Million in stock is a good deal to bring about $12 Million in Net Income between two marijuana farms/operations.

You stated that there is nothing to stop these people and entities from selling the stock they receive and keeping the proceeds. I 100% disagree with that thought. Within the previous PR, it was stated… Until the investors’ obligations are paid in full, 90% of any and all amounts realized are placed in escrow, to assure that the farms and facilities are constructed.
http://ih.advfn.com/p.php?pid=nmona&article=64865110

This means that until the expansion plans have been built and fully operational towards generating that $12 million in Net Income, 90% of any of the money made from selling any of the shares will go towards the expansion of the marijuana cultivation projects. This was enforced from a court order so any of the parties not complying with such will be held in contempt of court and prosecuted to possibly be doing some jail time. I’m not a lawyer, but that’s only a guess.

v/r
Sterling