Conservative Broadcast Media and Journalism Inc (CBMJ)

[pitts77h]

What nonsense! I added up the recent unregistered share issuance. It's really, really ugly.

69.6 MILLION shares issued on notes that convert at 0.0025
25 MILLION shares issued on a note that converts at 0.004
14.275 MILLION shares issued for free

That's 108.875 MILLION unregistered shares issued at a nominal cost of $274,000. Is there any proof in the statements that any money was actually received?

The need to DUMP those shares sure explains the sudden increase in BS.

This transparent scam has completely unraveled in the past few months.

It's a joke.



http://www.otcmarkets.com/financialReportViewer?symbol=CBMJ&id=125416

As of August 15, 2014, Crownbutte has a total of 111,089,074 shares which contain restrictive legends...

Crownbutte issued the two shareholders of Canna & Canna, Inc. an aggregate of 62,125,000 restricted shares of the Company’s common stock and 500 restricted shares of the Company’s Series 2014A preferred...

On November 20, 2013, Crownbutte executed and delivered two (2) separate $5,000 Convertible Promissory Note, to two (2) persons; one being its CEO and director and the other being a director... The Convertible Notes were not registered under the Securities Act in reliance upon the exemption... has a maturity date of November 20, 2014 (or 12 months from date of funding) at which time all principal and accrued interest shall be due and payable in full...Each Convertible Note is convertible by the holder, at his election, into shares of the Company’s common stock at an exercise price of $.0025 per share.

On March 26, 2014, Crownbutte executed and delivered two (2) separate $2,500Convertible Promissory Note to two persons; one being its CEO and director and the other beinga director... The Convertible Notes were not registered under the Securities Act in reliance upon the exemption from registration... EachConvertible Note is convertible by the holder, at his election, into shares of the Company’scommon stock at an exercise price of $.0025 per share.

On May 27, 2014, Crownbutte executed and delivered two (2) separate $2,500 Convertible Promissory Note to two (2) persons; one being its CEO and director and the other being a director. The Convertible Notes were not registered under the Securities Act in relianceupon the exemption from registration ... Each Convertible Note is convertible by the holder, at his election, into shares of the Company’s common stock at an exercise price of $.0025 per share

Between June 19, 2014 and June 25, 2014, Crownbutte executed and delivered two (2) separate $2,000 Convertible Promissory Note to two (2) persons; one being its CEO and directorand the other being a director. The Convertible Notes were not registered under the Securities Act in reliance upon the exemption from registration ... Each Convertible Note is convertible by the holder, at his election, into shares of the Company’s common stock at an exercise price of $.0025 per share

On July 14, 2014, pursuant to agreement to correct ambiguous terms and provisions and to replace the lost or misplaced original note, Crownbutte executed and delivered an amended and restated $100,000 promissory note which consolidated, amended and restated the terms of the original $100,000 promissory note dated March 29, 2010 which is payable to a stockholder.The amended and restated promissory note was not registered under the Securities Act...The subject note is convertible by the holder, at her election, into shares of the Company’s common stock at an exercise price of $.004 per share

On July 14, 2014, Crownbutte authorized the issuance of 11,875,000 restricted shares of its common stock and 250 restricted shares of its Series 2014A preferred stock to two persons; one being its CEO and director and the other being a director. These shares were issued to each person in satisfaction of $55,000 in accrued compensation due to each person by Crownbutte as of June 30, 2014. All of the subject shares have been issued as of the date of this Quarterly Report. The subject shares were not registered under the Securities Act...

On July 15, 2014, Crownbutte authorized the issuance of an aggregate of 62,125,000 restricted shares of its common stock and an aggregate of 500 restricted shares of its Series 2014preferred stock to the two shareholders of Canna & Canna, Inc... The subject shares were not registered under the Securities Act...

On July 16, 2014, Crownbutte filed its Certificate of Designation with the NevadaSecretary of State pursuant to which the rights, preferences and limitations were established and set forth for 1,000 shares of preferred stock, designated as the Series 2014A Preferred Stock. Thereafter, Crownbutte issued 250 shares of its Series 2014A Preferred Stock to each of four (4) persons; two consisting of entities (one owned and controlled by our CEO and director and the other owned and controlled by a director) and the other two being the prior shareholders of Canna & Canna, Inc

Between July 17, 2014 and July 24, 2014, Crownbutte executed and delivered five (5) separate Convertible Promissory Notes aggregating a total principal amount of $75,000. A $25,000 Convertible Note was issued and delivered to a private investor. Four (4) separate $12,500 Convertible Promissory Note were issued and delivered to four (4) investors; one being its CEO and director, another being a director and the remaining two being private investors...The Convertible Notes were not registered under the Securities Act... Each Convertible Note is convertible by the holder, at his election, into shares of the Company’s common stock at an exercise price of $.0025 per share.

On July 17, 2014, Crownbutte authorized the issuance of 2,400,000 restricted shares of tis [sic] common stock to a person who will act as management consultant and advisor to Crownbutte’s wholly owned subsidiary, Canna & Canna, Inc... The subject shares were not registered under the Securities Act in reliance upon an exemption...