IJJ Corp (IJJP)

[Cassandra]

IJJP: The entire business plan in which the $2.1 million in "hypothetical" income from the non-existent MMJ farms in Michigan and Canada is based upon the issuance of free-trading shares to and sales by various individuals including the wife and and two sons of Randall Goudling, IJJP's attorney who put the deal together. Goulding is a convicted felon who is currently under SEC enforcement action along with his brother for a different fraud involving the Nutmeg Group.

Through his Pope Enterprises private entity, Clifford Pope is one of the shares recipients in the scheme although he received shares in only the other five public companies (TWDL, ENTI, HALB, CWIR and GEAR). CEOs from some of the other companies are also share recipients.

It's a backwards plan in which the share recipients are supposed to sell the shares they receive and put 90% of the proceeds in escrow until their "commitment amount" is reached after which they are free to keep all of their proceeds. The premise also requires that the proceeds in escrow be given to the two farm operators who are supposed to then construct the farms and apply for licenses to cultivate and sell MMJ. IF they are successful in constructing the farms, obtaining licenses and eventually cultivating and selling MMJ, some of the profits are to be split with the six public companies who financed the construction through the issuance of billions of free-trading shares.

The "potential" profits that have been claimed in press releases are disclosed in the deal's Confidential Private Disclosure Memorandum as being purely "hypothetical" and used only for the purpose of "illustration."

In other words, there is definitely no income without first massively diluting this stock (as well as the other five) and even then there is no assurance that the proceeds obtained by the selling share recipients will eventually be used to construct profitable MMJ farms or that IJJP and the others will ever receive one dime in income.

It's dilution today for hypothetical income years down the road.

This has been previously documented with links and explained in multiple posts including the following:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=111414743

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=110947200

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=111414743

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=110947200