Medical Marijuana Inc (MJNA)

[GDorn]

The Real Funny Part


if you already paid $199 for a full year they'll give you what amounts to "store credit" for the difference.

I did find a couple of videos they had done during their four month hiatus from YouTube but were set to private. I can't really understand why they were however. They didn't provide any information about the status of the company or address why pretty their entire field leadership had left Kannaway. All they were was comp plan rejiggering and reinstituting old bonus promotions which never helped the previous times they were tried.

Kannaway never provided consumer value. They never brought to market a product at a price point that would drive customer sales. Instead they focused on paying their affiliates to buy their products but the only way to make that happen is for each affiliate to recruit enough other affiliates to earn more than they spent in the first place. Which of course means that +-90% of all kannaway affiliates lost money each and every month. Which of course means that a larger number of affiliates need to be recruited than quit in any given month and my best guess is the last month that happened in was July of last year.

I don't pretend to have access to their recruitment numbers and if kannaway published them today I doubt I'd take their word for them. There is however objective proof. Kannaway never attracted legitimate "top shelf" field leadership, the type of people who can swing four digit downlines, they only scored more "mid level" people looking to make names for themselves. Nothing wrong with that but all of those mid level leaders who were the public face of the company have, pretty much to a man, left the company.

Kannaway has been shrinking in nearly every way since last summer. So much so that about the only recognizable names involved in the company are on salary (and of those even Charles Vest has left). If any bright ambitious securities attorney out there contemplates stating a share holder class action lawsuit over the 833 million shares of MJNA stock Stuart Titus and Micheal Llamas gave themselves in exchange for selling a dead MLM company to MJNA, just look into some of the filings in the Kannaway v Cannavest trademark suit. That will give you a pretty good thumbnail of just how sketchy that deal was.