Americann Inc (ACAN)

[Alan Brochstein]

What an inept company - these clowns are unable to raise money. They failed to raise the capital to buy the land after more than a year of trying but now will pay lease payments. They still need to raise money to fund construction, and they have NEVER raised money (except from borrowing from Ben Barton).

I have been watching these jokers for years, and this is the part that is now laughable:

Under the terms of the lease, the Company has six (6) months to obtain capital funding for the construction of the first phase building. In the event that the Company is unable to raise such funds within said six (6) month period, the Company shall have an additional six (6) month period to do so; provided, that the Company has paid accrued lease payments and closing costs. If the Company is then unable to raise such funds on or before twelve (12) months from October 17, 2016, the lease will terminate.

They have already proven after many attempts that they are unable to raise money. What's different now???

This company should never have been public, and people involved have done nothing but overestimate the ability of the company to move forward. This is another example of failure in my view - they didn't raise the money and now have a much riskier proposition: One year to raise money or they are out.