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Officially delisted? No volume today...
No, it won’t.
I think all you guys missed the point that MJMJ is a bed and breakfast that allows pot. That’s all it is.
It really has absolutely NOTHING to do with the cannabis industry.
So, even if cannabis were legalized everywhere, it wouldn’t do anything for this business. It’s a 6 room motel that has a decent chef and let’s you BRING YOUR OWN pot to smoke. That’s it
Snowman, what happened dude?
Telling me I was wrong about everything and business was still thriving?
Now the stock is delisted and SEC has taken action
So it looks like everything I said about going to court was true
You’re a sucker. Have fun holding those delisted shares
Sloppytrader, what happened man?!
You attacked me and called me stupid for all the bad stuff I said about this stock and guaranteed it would come back and thrive...
Now it’s DELISTED! The SEC has removed it.
Bet you’re feeling really dumb right about now, huh?
Finally!
This happened because I sued them earlier this year and won a judgement against them.
I STILL have not been paid from Joel FuckFace and, because of that, I’m pretty sure the court is finally going after him.
Good. BYE BYE MJMJ
So...One mention...and not even a picture? That's supposed to mean that something is happening?
Looks to me like 10 different places took the idea and did it bigger and better...which, again, makes Bud and Breakfast obsolete.
Although the stock DID move a little today, I'm guessing that that's the only movement we will get for the net 6 months...would love to be proven wrong...but I haven't been so far
This stock has had "volume" every day that it's existed...Because there are, literally, 2.48 BILLION SHARES OUTSTANDING.
This stock is absolutely dead. It will never come back to life. Not unless Joel is removed and/or sells the company to someone who knows what to do with it
Should they still not listen to us?
Pretty sure this has absolutely collapsed...do you have ANY sort of proof to the contrary?
I’m so waiting to be proven wrong
WHAT HAPPENED TO THIS RUNNING?!
I told every single one of you that this stock was dead and shit...
You all really still think this is going to run? haha.
I hate to say I told you so but, I did tell you so...
Oh, and shares outstanding...
So, if the company only makes $383,250/year...
and there are currently 2,482,764,192 shares outstanding...
You do that math.
I'm only asking you guys to be smart because I clearly was not at the time I purchased this.
That's all.
There are only 6 rooms and ONE hotel...
The problem with this company is this:
Even if EVERY room was full EVERY night of the year, the MOST this company would make is $766,500/year...
That is 6 rooms (between 299-399/night) for a total of $2100/night X 365 days of the year...
Most businesses operate at about 50% margins and I'm assuming this is no exception (MJMJ's margins might actually be smaller)...but assuming 50%...that means that MJMJ makes only $383,250/year
$383,250/year and it's a PUBLICLY TRADED COMPANY...
Not to mention that their debts (according to the last tax year they actually filed, in 216, was in to the millions...
This is a toilet of a company and a terrible stock. The only way they can repay investors is if they expand BUT, the problem with that, is that there is NOTHING proprietary about this business. There are already other companies out here in California who are doing this same thing and doing it better. SO...there you go.
Because I'm still holding about 1,000,000 shares of this bullshit.
That's why
Not even hitting 2's anymore...
If anyone had any doubt that this was dead...in the last half of the week it flat-lined again. Not even hitting .0002 anymore.
in a YEAR's time, the highest it has hit is .0004...
NO ONE is making money on this...except Joel
Didn't think it was possible to DROP further...
But, here we are. MJMJ opened at SUB .0001 today... at .000099
If you had any faith left in this stock..you better check yourself. ha.
I'm not wrong at all "bud"...
I work in the MJMJ sector and I'm telling you, flat out, if that dispensary sold to you weekend before last, they did it illegally. Cool that you got it away with it but, this last weekend was the first weekend that LEGAL Rec statuses were granted to shops in LOS ANGELES city limits.
Right, well...you obviously didn't see that date on my post because, yes, I know that shops are now, as of this last weekend and the beginning of this week, getting their rec licenses.
Also? Hawthorne is BARELY LA and Santa Ana is definitely NOT.
Maybe YOU should learn your geography...
This stock doesn't count on legalization
because this company doesn't SELL marijuana. That's what YOU don't understand.
Joel does not have a license to sell and seems to not care about getting one anytime soon.
This is, quite literally, a publicly traded Bed&Breakfast...and that's it.
Trust me here...I want this stock to take off more than ANYONE...but it's never going to.
If you aren't a "newb" then you should know damn well that this stock is in the toilet.
Over the last year, alone, it's crashed from .0007 to a flatline...
And, again, these "2" jumps are simply excitement over Rec MJ legalization in California...but that doesn't effect this business AT ALL. So, in the next few week, all you're going to see is the 2's pump stopping and another flatline.
We aren't talking about 2's anymore...
What happened to the 3's promised?
What happened to the 5's that you (or someone) said were coming by end of month?
No way in hell this moves past 2's. I really don't think you understand this: The MaryJane Group DOES NOT HAVE A BUSINESS ANYMORE. They have ONE, 8 room BandB...THAT'S IT. And NOTHING about it is proprietary...it can be copied and done better by ANYONE who wants to do it.
Not legally, fool.
Rec shops have only been given licenses in:
Fresno
San Diego
West Hollywood
Palm Springs
Cathedral City
Santa Ana
California is NOT.
I'm not sure if you actually live in California...I do...and it's a MESS here. Even though MJ became legal on January 1st, the biggest metro area in the state: Los Angeles, has no recreational shops yet. Other cities are moving to ban MJ and others have a bunch of legal grey area because they aren't sure what to do or how to go about doing it.
Also...MJMJ isn't in California...it's in Colorado. A state that already has am established and booming weed economy...and it STILL can't manage to be successful.
Do you even understand what The MaryJane Group does? it's not something that can't be easily copied...no one in California is going to invest in MJMJ...if they like the idea of a "bud and breakfast", they're simply going to open their own.
What happened to those 3s?
I thought you were guaranteeing them!
Again...this stock is WORTHLESS.
Because it's small claims court and, in the state of California, you can sue where the contract was made...and guess where my "contract" with MJMJ was made? That's right...from my broker, in California.
And, if you can read...I already responded to this
Here was my reply hours ago to this same thing:
But "many companies" is not ALL OTC companies and, actually, MJMJ is required to file...which is why there is a STOP TRADE issued against them on the OTC Markets...
You also forgot to post the paragraph AFTER that:
Corporate Actions - SEC Rule 10b-17 requires all OTCQX, OTCQB and Pink companies to provide timely notice to FINRA of certain corporate actions, including dividends, stock splits, reverse splits, name changes, mergers, acquisitions, dissolutions, bankruptcies or liquidations, at least 10 days prior to the record date. Companies who fail to report such corporate actions in the required time may be subject to fines up to $5,000. For more information, see FINRA's Notice to Member 10-38. For further details, contact FINRA’s Operations Department at 866-776-0800
By losing the leases on 2 properties and never telling shareholders, by being forced to close Canna-Camp TWO DAYS BEFORE IT HAPPENED and not telling investors...he is in violation of THAT paragraph up there.
He's also in violation of the NT 10-k which he filed last year saying he needed 30 more days to file his 10K...which he ultimately never filed.
Also, what the judge ruled on in my case was a clear violation of Rule 10b-5 which prohibits the any act or omission resulting in fraud or deceit in connection with the purchase or sale of any security...Which the judge agreed Joel did when he failed to disclose ANY of the troubles of this company to his shareholders...or when he failed to disclose (after becoming CEO of this company) that he was disbarred for fraud and embezzlement.
There isn't a way to post pictures on this forum
And, you aren't worth my time to have to scan it in, upload it to an image hosting client and then post a link to that.
I'm also not sure I'm legally allowed to share this document with anyone until Joel replies to it with an appeal or a payment.
Nice try there...
But "many companies" is not ALL OTC companies and, actually, MJMJ is required to file...which is why there is a STOP TRADE issued against them on the OTC Markets...
You also forgot to post the paragraph AFTER that:
Corporate Actions - SEC Rule 10b-17 requires all OTCQX, OTCQB and Pink companies to provide timely notice to FINRA of certain corporate actions, including dividends, stock splits, reverse splits, name changes, mergers, acquisitions, dissolutions, bankruptcies or liquidations, at least 10 days prior to the record date. Companies who fail to report such corporate actions in the required time may be subject to fines up to $5,000. For more information, see FINRA's Notice to Member 10-38. For further details, contact FINRA’s Operations Department at 866-776-0800
By losing the leases on 2 properties and never telling shareholders, by being forced to close Canna-Camp TWO DAYS BEFORE IT HAPPENED and not telling investors...he is in violation of THAT paragraph up there.
He's also in violation of the NT 10-k which he filed last year saying he needed 30 more days to file his 10K...which he ultimately never filed.
Also, what the judge ruled on in my case was a clear violation of Rule 10b-5 which prohibits the any act or omission resulting in fraud or deceit in connection with the purchase or sale of any security...Which the judge agreed Joel did when he failed to disclose ANY of the troubles of this company to his shareholders...or when he failed to disclose (after becoming CEO of this company) that he was disbarred for fraud and embezzlement.
I very much did "get shit".
I have proof, as can you if you do even the SLIGHTEST bit of research, that Joel is in violation of federal law.
All you need to do is look at the last time he filed financials...because it was almost 2 years ago...which is illegal for a publicly traded company.
I've already explained everything in several different posts...if you're too incompetent to read, understand and/or do your own research, that's on you.
I'm incredibly happy with the outcome of my court case today, save for the fact that I wasn't able to get the courts to force Joel out of MJMJ.
I got more than my investment back...
My original investment was only $1061
I got an order of $6500...so I'm up currently.
Money aside though, what I really wanted out of this was Joel having to pay for being a scam artist and ruining this company.
Unfortunately...That didn't happen today :/
I have a judgement from the court, yes
It's a very nice piece of paper, along with a "next steps packet" that the clerk handed me.
MJMJ has been ordered to pay and I now have to send this piece of paper to them and let them know what the court decided. From this point, MJMJ has 30 days to pay or appeal the decision.
If they don't do either, I can then seize property or put a lien on the business.
UPDATE, Court Ruling:
I just got home from small claims court and here is what happened, for those who are interested:
The Judge ruled in my favor, in the amount of $6500 payable for stock dilution and negligence of fiduciary duties (MJMJ not filing proper reports) which impacted my ability to buy and sell in an informed manner...known as a violation of SEC Rule 10b-5.
In regards to my derivative suit, the judge said he could not hear the case in small claims court (since it would ultimately impact the entire operations of MJMJ) but, with respect to me winning on the other measures, recommended the case to a higher court should I want to lawyer up (or represent myself) and make the argument, in an actual court, that Joel Schneider is not fit be CEO of The MaryJane Group.
So...there we go. Good and bad. But that was what happened! Take from it what you all will but...WARNING...AGAIN...I've held this stock since 2014 and all it's done is drop, drop, drop.
Court at 8:30am in Van Nuys, CA.
Suing for 3 parts:
1) Wrongful dilution: Which claims (with proof) that Joel has more outstanding shares of this stock than he is permitted to have and that, by doing so, he has flatlined the stock; taking everyone's money for his pockets while he pays no return on profits that HE CLAIMS are more than $1,000,000 per year
2) Violation of SEC Rule 10b-5 which prohibits any act or omission resulting in fraud or deceit in connection with the purchase or sale of any security...which Joel has directly done by 1) not making it public knowledge when he took this company over that he was DISBARRED in New York for FRAUD AND EMBEZZLEMENT, that he not filed any 10Q or 10K reports, as required by LAW, since January 2016 and that, in that time of no public reports to shareholders, Joel lost 3 properties and failed to produce CannaCamp...twice, and NEVER said anything to any of us...
3) A derivative suit that states that, since Joel is every board member of his own company, the board of directors cannot act in the best interest of this company so, it is up to shareholders to remove him as CEO as he is running the company in to the ground and stealing peoples' money without consequence from anyone.
ALL of what's mentioned above is FACT and easy to google.
I have to go get ready now to present this to the court.
It's not supposed.
It's today at 8:30am in Van Nuys California.
You're an idiot if you think that...
there are 2.5 BILLION shares outstanding...
Google only has 298million.
Come on dude. PLEASE get smart.
YES. DILUTION. PLEASE SEE:
http://www.otcmarkets.com/stock/MJMJ/profile
If you'll notice o the official OTC page of MJMJ there are MORE SHARES OUTSTANDING THAN ARE PERMITTED TO BE SOLD. That makes this stock absolutely worthless.
No, they aren't. 2s are back down to 1s now. This will only last until the California craze has subsided. By the end of the month the stock will flat-line again. MJMJ doesn't even have an operational office anymore...and I'm going to court with them tomorrow. So, after tomorrow, there might not be an MJMJ anymore, lol
Because the stock went up...so people are dumping. But all that does is dilute more. This stock is going nowhere.
Because people are selling off
You need to understand the way this works...
MJMJ is over diluted. Joel has actually sold MORE shares than he's allowed to by OTC markets which has ruined this stock.
All the big slaps you're seeing are people moving money simply because this stock is dirt cheap and they're hoping for a quick double of money. Problem with that is this: if there's a double up, people will sell right away, which will drive the stock down even further.
This company is DEAD. 3 of their BandBs are closed, Canna Camp was a failure that never happened, phones are disconnected, office is closed.
This one is a stinker. Be SMART.
When did it hit .0002?
It hasn't jumped to that in 6 months or more, lol.
Stock is dead.
The office is closed...I went there. The phone number is disconnected...I called it. The email server is offline...I emailed it (and it was rejected).
They've had to close 2 other hotels, they can't get any of their events off the ground (Canna Camp? lol) and they're about to lose the only current lease they have...
Also? I'm taking them to court on the 10th of January and demanding Joel be removed as CEO for violating his fiduciary duties.
It's called dilution
Joel has diluted this stock SO MUCH that it has more shares outstanding than it's allowed to have.
There is zero value left in this.
YOU'RE the uninformed one
Any simple google search can show that there is a STOP TRADE warning from the official OTC markets
That Joel was DISBARRED for fraud and embezzlement
And that there have no been financials filed since January of 2016...which is HIGHLY illegal.
Going to court with MJMJ on the 10th of January...you better hold your breath I don't win because, if I do, this company is gone.