The MaryJane Group Inc. (fka MJMJ)

[grantastic]

I have never owned shares in this company. It's fun to watch how accurate my predictions were from long ago. I'd say I got it about 2/3rds correct.

I wouldn't be surprised if Adagio turns a profit. The fact that it's remained open while every other location has closed down tells the tale.

the problem is, where does that profit go? Certainly not to shareholders. If there was any good news, Joel wouldn't hide the financials. Any profit is going straight into salaries for Joel and his wife.

There's virtually no chance of this company becoming a successful franchisor. I've researched many successful and unsuccessful franchisors, and MJMJ is definitely in the group of "won't succeed".

Even if it did somehow succeed, I fully expect that Joel would take the business private and shaft the shareholders right when they expect to be part of the big payoff.

Joel Schneider is a documented crook. I just shake my head that so many people pour money into the hands of an ex-lawyer who got disbarred for ripping off his client.

(and to forestall the inevitable, personal questions... no i have never done any business with Schneider. I just know his history from reading these forums & related links).