Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
More Deceptive PR from MJNA
Someone quick, prove me wrong. Kannalife Sciences has no FDA approved anything. They have a license from the NIH and they have:
plans to file an investigational new drug application with the FDA in early 2015
FDA Approved Cannabis-Based Drug Development Fuels Discussions Regarding NFL Players, Concussions, and CTE
Happy Hour?
Thanks for the heads up.
And I understand completely about keeping some things under wraps, I help run an anti scam forum and threats of several kinds are par for the course. Kinda sad to say but the ponzi pimp who ran a website advocating for a class action suit to shut us down failed to renew his domain reregistration, I used to read his site when I needed a chuckle.
Holiday Singalong
Revenues are down
Expenses increasing
If you own this stock
You're finances be fleecing
Interesting that you Term it a "Hit Piece"
[Link to the Article]
Do you dispute the facts that were mentioned? Do you believe they were characterized in a manner unfair to MJNA? Do you feel the conclusions drawn by the author were biased against MJNA and not supported by the facts?
If not, how exactly is that article a "hit piece"?
Face it Doc, this is just (yet another) failure of MJNA corporate governance. They borrowed $980K, defaulted on the loan(s) and had to get their asses sued to make them repay. And because of that they have already coughed up the better part of 6 million dollars worth of their stock and may still be on the hook for additional penalties and court costs.
Yes, this is most defiantly not "good news" for MJNA shareholders but what I don't understand is why you seem to be trying to shift blame from the people responsible for this failure to the person reporting on it.
Here You Go
This was memorandum in support of the motion to dismiss filed against the original complaint from by CannaVest. It was vacated in light of the amended complaint but I grabbed it anyway. Kannaway et al now have till the 8th of next month to respond to the new one.
[Link to Motion]
It was docket entry 8, the full current docket is below:
Kannaway Lawsuit Update
D.T.R.'s report on the MJNA v Roen et al lawsuit reminded me I'd been meaning to see what if anything was happening in the Cannavest v Kannaway trademark suit. Not much actually, Cannavest filed a new amended complaint and Kannaway has till the 8th of next month to respond.
[Link to the Amended Complaint]
One point of note, Cannavest now asks that if the licensing agreement purportedly signed between HDDC (when they owned the trademark on "Cannabis Beauty Defined") and Kannaway is held to be valid, they seek damages from HDDC for "fraudulently concealing that agreement" from them.
Also of note, when identifying the defendants we see:
8. Upon information and belief, defendant General Hemp is the parent company of defendants Kannaway and HDDC, and all of these defendants are owned and/or controlled by Micheal Llamas, an individual.
The Really Impressive Thing
is that MJNA needed to hand over a bit better than 45 million shares of stock because it defaulted on a series of loans which totaled together and with interest added to the date the suit was filed totaled only $1,425,811 giving those shares an effective cost basis of only slightly better than 3 cents each.
I'd like to thank @LPR for posting that document (the post with the link now seems deleted) and ask him if he has any more of the documents in the case. Specifically anything detailing why MJNA didn't seem to think it needed to repay the loans to Roen because they did seem to make a claim to that effect.
Either way there are better than 45 million shares of MJNA being dumped as we speak.
24 Bucks for the Case Files
Doesn't sound like PACER to me so I'll guess it's a state court.
Just a wild ass guess but Clark County Nevada?
Did MJNA need to hand Roen Ventures the better part of six million dollars in stock?
DISPOSITIONS
11/05/2014
Partial Summary Judgment (Judicial Officer: Delaney, Kathleen E.)
Debtors: Medical Marijuana Inc (Defendant)
Creditors: Roen Ventures LLC (Plaintiff)
Judgment: 11/05/2014, Docketed: 11/12/2014
The "Joys" of Bad Internet MLM
The "official" Pet Pain Away website can not sell you the product, it would be competing with their own affiliates if it did. There are ways for legitimate MLM companies to avoid this particular problem but the folks behind MyNyloxin/Lumaxa have very little practical experience with selling products actual customers so might not even be aware this issue exists.
Unless you personally know one of the affiliates you'll need to find one on the internet or on facebook before you can buy the product. I suggest using a disposable email address when you contact them or place an order the sales website, Keith Carey is something of a muckety muck in MyNyloxin/Lumaxa and is a somewhat notorious email list merchant.
Thank You for the Link
The press release doesn't mention store shelves or retail outlets, only "distributors." Pet Pain Away is only going to be sold through the MLM and while the 10Qs used to read:
In September of 2012 we began distributing Nyloxin ® through TCN International, a Network Marketing Company. TCN distributes products and software applications to approximately 400,000 independent agents in more than 30 countries, including more than 40,000 agents in the United States.
Pet Pain-Away is offered exclusively by Lumaxa.com
Link Please
I could be wrong (just ask my wife) but I think that NPHC's MLM partner is under the impression they have some exclusive right to distribute the Pet Paid Away product. If so it wont be hitting store shelves in the immediate future.
I'll Wait to Read the Filings
to be sure but I'm rather certain Steve Gewecke is full of crap. None of this makes any rational business sense. A deal is inked putting Cobroxin in 40K plus retail outlets, 5 million plus is committed to advertising and NPHC doesn't issue a press release? Does that add up?
Assume it did (for the moment). So say the deal is inked but Gewecke and/or MyNyloxin do not claim it was they who made it happen. Also Gewecke and/or MyNyloxin do not say that they are the ones putting up the five million for advertising (they don't have it for one thing). YET some of the profit from Cobroxin sales made through this effort will be shared with MyNyloxin affiliates. Again, does this add up?
A little later in the same video [Link] Steve mentions a new "energy gum" deal. He claims some sort of "exclusive" relationship to sell X8 Energy Gum to another company who in turn will sell it to their vast customer base and of course proceeds from these sales will be shared with MyNyloxin affiliates who invested in the MID.
First off X8 Brands uses an affiliate sales model, wanna sell some gum then just click this link, not much of an "exclusive" there. So there is (according to Steve) a company out there with over one million "autoship" customers who wants to add X8 Energy Gum to their product offering but who is not going to buy the gum from X8 Brands, no they're going to buy it from MyNyloxin. And the best part is some of the money Steve makes from buying and selling gum will be shared with the MyNyloxin affiliates who invested in the MID.
I'm sure it's just a coincidence but soon after these two new revenue streams were added the minimum buyin for investors interested in the MID jumped from $50 to $200. No word as of yet if the 1.2 to 1.5% daily ROI promised on "Media Units" has begun to pay dividends and to date I know of no one who claims to have seen any commercials. But with millions in monthly gum chewing revenue and Cobroxin coming to a store (and SEC filing) near you, I would seem absolutely churlish if I said that MyNyloxin President Steve Gewecke is both lying and running a ponzi scheme.
Already did:
I queued this link up to the appropriate time reference. What MyNyloxin President Steve Gewecke is telling his affiliates is that:
Big News (or maybe not)
I first came across this video almost two weeks ago, it's from NPHC's MLM division and it makes several somewhat startling claims. I waited a full two weeks from the date it was posted for a press release or some other indication from the company to verify this but to date no word has been forthcoming.
I queued this link up to the appropriate time reference. What MyNyloxin President Steve Gewecke is telling his affiliates is that:
1: A deal is in the works to put Cobroxin onto more than 40,000 store shelves.
2: A group of investors will be spending five million dollars to pay for advertising supporting this product (re)launch and
3: The profits from those sales will be funneled through MyNyloxin's Media Information Division to provide revenue for the benighted souls who invested in "Media Units."
I'm pretty fluent in the sort of lies that get spread in the seedy underbelly of MLM and this sounds a hell of a lot like one of them but I do want to give the benefit of doubt. Pretty much everyone here is more familiar with penny stocks in general and NPHC in particular than I am so let me ask you fine folks, if items number 1 and 2 above were in any way true why would NPHC hide such a positive turn of events from their share holders? I mean, 40K retail outlets, 5 million in adverting, isn't that the sort of news that might affect the stock price?
As to item 3, think it through. As presented the MLM division is not responsible for getting Cobroxin into 40,000 retail outlets and they certainly aren't claiming to be the ones putting up 5 million bucks to buy advertising. So why are revenues from such sales being payed to MyNyloxin affiliates? Asking questions like this one is the reason I've never joined an "opportunity" like MyNyloxin.
So, what say you? Is it more likely that the next quarterly report will contain information about this massive relaunch of the Cobroxin product line or is my cynicism in suspecting that MyNyloxin's President Steve Gewecke is lying his ass off on it's way to being justified?
The FDA Lacks Jurisdiction Over CBD
They say it's a Schedule 1 substance and therefor the DEA's problem to deal with:
However there are more recent initiatives to expand some options for compassionate use:
However, at this time, the FDA has not approved marijuana or CBD as safe and effective for any therapeutic use.
Small Update from the MLM Side
Last Monday morning Myyloxin cut a video detailing changes to their comp plan and product lineup. I'll touch on the products before addressing MLM commentary because it's more relevant to potential investors.
Here's one relevant section from the video. MyNyloxin is planning on adding weight loss and Zeolite products to their lineup. Question, did I miss a press release or does NPHC not produce weight loss or Zeolite products? Rik Deitsch has some less than salutatory experience selling Zeolite through MLMs but the real question is what company's bottom line will be advantaged by the sale of these new products by MyNyloxin. Until we hear otherwise it is perhaps a safe bet it wont be NPHC.
As to the MLM compensation plan changes, in general they aren't always a bad thing they're just an admission that the plan they have in place isn't working. Now as far as the new MyNyloxin "Dual Team" plan I can promise you it's a short term money grab by the very small handful of top distributors before closing the doors on this company.
Pet Pain Away sales are separated from the rest of the pay plan, affiliates are being required to purchase about $50/month of the product to qualify for any income from selling it, whether they have a pet or not. MyNyloxin is far too small and without much in the way of prospects to ever grow large enough to attract regulatory attention but if it ever did this compensation plan alone could get them shut down. But the real problem is that excluding Pet Pain Away from the normal commission structure will, long term, weaken the sales from both the old and new pay plans.
So why are they doing it like this? Either they have no experience in running a long term product based MLM company or they have a lot of experience in running short term pyramid based money games. In the case of TCN International (MyNyloxin) it is in fact both. The new "Dual Team" comp plan for Pet Pain Away actually pays less to the average affiliate for selling the product and will pay them nothing at all for a significant number of the sales they make. But the plan pays on "infinite depth" so the people at the top of the pyramid will be making a lot more money per sales volume than they would have under a more sustainable pay plan. The top handful of people at MyNyloxin know the company is going under. They have the choice if giving back more revenue to the sales force to try and encourage more product sales but they're doing the opposite. They're snatching up as much cash as they can before moving on to their next opportunity.
And someone correct me if I'm wrong but the first of no fewer than three batches of 60 million shares (each), acquired significantly below market value by TNC is soon to be coming off restriction.
No Kidding
An increase of 154,925,181 shares just from Q2 to Q3 alone.
And it looks like year to date they've reported granting their MLM division 180 million restricted shares in lieu of paying them about $300K in commissions. This makes zero sense.
Why aren't they just selling product to the MLM at wholesale? One of the videos I watched indicated that MyNyloxin was paying about $9/bottle where the individual affiliates were charging about $30 per, the difference going into the comp plan. So what is NPHC paying MyNyloxin for?*
By the way, the $300K in commissions to TCN the 10Qs says they were owed is more than the total of Q3 net sales. Something isn't adding up here. If I'm reading this wrong my thanks in advance to anyone pointing out my error.
* On Edit, this might start to make sense assuming TCN/MyNyloxin can't get merchant/credit card processing under their own names. Or at least not without paying exorbitant rates. NPHC could be receiving the money from product orders then disbursing commissions back to TCN. Or, as it may be, firing up the stock certificate printing press and paying TCN off in newly minted shares.
I Think This is Really The Problem Here
It's been nearly five years since Nyloxin has been on the market yet it's not able to find it's way "out to the public." We have been given any and every assurance that the product works and anywhere between 2/3rds to 80+% of people who try it just can't stop singing it's praises. But the public at large have never heard of it. Something isn't quite adding up here.
Does anyone know why the New Vitality deal fell through? Seemed like it was going to go great guns about a year ago with Chris Castaldo of WSBSH interviewing Rik and New Vitality's Jonathan Flicker about what seemed to be some very big plans they had together.
Speculation, and only speculation on my part but when people sorta kinda fib there is sometimes a reason. Weaver2, paraphrasing Rik said:
when the new vitality deal folded, the mlm became his best available option at the time.
In December 2009, we began marketing Nyloxin ® and Nyloxin ® Extra Strength at www.nyloxin.com. Both Nyloxin ® and Nyloxin ® Extra Strength are packaged in a roll-on container, squeeze bottle and as an oral spray. Additionally, Nyloxin ® topical gel is available in an 8 ounce pump bottle.
In September of 2012 we began distributing Nyloxin ® through TCN International, a Network Marketing Company. TCN distributes products and software applications to approximately 400,000 independent agents in more than 30 countries, including more than 40,000 agents in the United States.
During June of 2013, we announced that New Vitality, a marketing and distribution company, had begun a test radio campaign to gauge the market acceptance of Nyloxin ® . The 60-second ads ran for several weeks on radio stations throughout the United States. As a result of positive testing, New Vitality added Nyloxin ® to their e-commerce website as they continue to advertise the product. In August of 2013, New Vitality had placed and received their first order of Nyloxin ® . The order was pursuant to New Vitality's successful test radio campaign to gauge the market acceptance of the product. New Vitality will continue this campaign over the coming months and is expected to add television advertising in the second quarter of 2014.
In December of 2013, we announced an agreement with MyNyloxin.com for the exclusive rights to market and distribute Nyloxin ® in the Network Marketing channel. MyNyloxin.com provides a business opportunity to their Distributors to earn commissions on the sale of our products through their Distributor groups. In January of 2014, we announced the first product shipments to the MyNyloxin Independent Entrepreneurs (MIEs). MyNyloxin conducts webinars, conference calls and live meetings to support recruitment of new MIEs as well as to provide product and business education.
MJNA can Absolutely be Saved
and it hopefully will be. They need to either settle their lawsuits with (the principle ownership behind) Cannavest or announce they have struck a deal with some other CBD oil supplier (and mention who they are). Hell they could even start processing their own CBD oil and stop being nothing but a reseller of another company's product.
They could hire a real CEO, someone who could run the company as something other than their stock printing personal piggy bank. If they're lucky they could get someone who isn't facing criminal fraud charges calling the shots who then could usher in a new era of accountability and transparency (both of which are kinda sticking points when the guy who owns most of the company is both facing fraud charges AND pretends he isn't still calling all the shots).
They could actually have their last 24 months of financial results audited by an accounting firm licensed to preform such a thing instead of just telling us that they are doing that. That way any talk of "up listing" might be something other than a laughable joke.
MJNA CAN be saved but I sorta doubt their majority share holder is willing to let it be.
Congress Might Kibosh D.C. Marijuana Initiative
Per the Washington Times:
Celebration quickly gave way to uncertainty on Wednesday for supporters of a voter-approved initiative to legalize marijuana in the District, with the reality sinking in that when the measure reaches Capitol Hill for review, the party least likely to support it will be in charge.
One conservative House Republican from neighboring Maryland immediately vowed to use all of his power to upend Initiative 71, which would allow D.C. residents and visitors to have up to 2 ounces of marijuana for personal use and would allow home cultivation of up to three plants.
<Snip>
Advocates acknowledged that the D.C. measure could hasten the arrival of a national debate over marijuana legalization before a critical mass of states have tilted in favor. The drug has gained greater acceptance nationwide, and the country was closely divided at 49 percent in favor and 48 percent opposed earlier this year, according to a Washington Post-ABC News poll.
Ethan Nadelmann, executive director of the Drug Policy Alliance, said conservatives are the least likely to support marijuana legalization, but he said any debate would be a good thing for advocates’ ultimate goal of nationwide legalization.
To nullify the measure, Congress would have to take the extraordinary step of getting both chambers and the president to agree on a resolution of disapproval within 60 days.
That has happened only three times in 40 years. But there are far easier ways for one or more dedicated opponents to tie up a D.C. law in smaller, annual increments that can still add up to lengthy delays. Such was the case after D.C. voters approved sales of medical marijuana in 1998. Republican House members attached provisions to federal spending bills to keep it from taking effect for 11 years.
On Wednesday, Rep. Andy Harris , a Republican who represents Maryland’s Eastern Shore, said he would employ similar tactics to block the D.C. measure.
Kannaway is Limping at Best
They've spent the last month+ in self hype overdrive but when there is any way to quantify their results they come up very short.
Check out the view numbers on the company YouTube page. A MLM company with an efficient social media strategy would have their affiliates spamming out links to their videos to use as recruiting tools but the "November to Remember" announcement has 146 views (and one of those was from me).
Ted Nuyten runs the Business for Home blog and it is not without influence in the MLM world. One of his features is the annual MLM popularity contest which while nothing like a scientific poll does have one interesting control aspect, you can only cast one vote per facebook account you control. October 5th was the first date I saw a "Vote for KWay" post on one of the FB groups but such requests have been made several times in several groups and one of the "State of the Nation" videos ran the link and request ticker fashion. Yet a full month later Kannaway is in 119th place with a total of 115 votes.
The "Bulk Order" program is kinda fascinating to me in so far as this sort of thing never helps a MLM company. Products sold at retail through traditional stores are almost invariably less costly than products sold through MLM so MLM'ers always have to claim that their products are simply better. The last thing they want to deal with is the exact same products in the exact same packages sitting on a shelf cheaper than the affiliates can buy wholesale direct from the company but that's starting to look like a very real possibility.
I haven't done the legwork on this one yet but based off a few comments on a recent call it looks like "accredited retailers" might be given the option of buying Kannakick taffy for 40% bellow listed wholesale. The intimation is that they would turn around and sell the stuff at Kannaway's listed retail price (close to $12 for a box of four taffy squares) but the more dust that accumulates on the display case the more the price will drop.
I can almost promise the bulk purchase program was not the idea of the MLM people at Kannaway, this is HempMeds telling them they aren't selling nearly enough product. The Cannabis Beauty Defined product line (pending the outcome of the trademark suit) might have some level of commercial viability if sold through a salon but how much repeat sales will the HempVape get in a smoke shop when both the eCig "pen" and the oil refills are sitting side to side with much cheaper competing products?
No, this is why they started a MLM in the first place, to sell niche products at an insane markup. A small handful of upper level Kannaway promoters are making money but are doing so off the scheme and inflated margins which is killing actual product sales. So now they risk killing their markup to spur retail. This company has not stopped shooting themselves in the foot so much as have merely paused to reload.
Interesting, Care to Name them?
I'm not doubting you or being argumentative but if they are selling millions per month without a web presence I'd have to imagine they have great product value and tremendous word of mouth.
MyNyloxin on the other hand is (or soon to be was) a recruitment driven ponzi/pyramid hybrid that functioned by attracting an ever increasing pool of investments to make good on their promises to pay existing members. Because actual product sales were almost totally irrelevant to the cash flow situation the sharp decline in their web traffic is as sure a sign as any that the scheme has imploded.
I'm still trying to wrap my head around why the 10K mentions that NPHC issued close to $600K in reserved stock to TCN (MyNyloxin) in lieu of paying them the $100K it says they were owed. Well, no one has ever said Rik is a good businessman.
The MLM Division is Pretty Much Dead
Alexa is not the end all be all of web ranking but they do provide a decent indication of web traffic. Here's their current chart for MyNyloxin dot com:
Please note those rank numbers are a three month moving average and are dropping by the day. I don't think I'm far out on a limb in saying that the MyNyloxin MLM is well past it's peak.
People have asked about the commercials MyNyloxin, my bet is that there wont be any. Or rather if there are any it will be just a small handful so they can honestly say they ran a few. I hope none of you have any cause to understand how internet "Rev Share" ponzi games work but here's a simple modus operandi: You invest in a company touting a [slightly plausible yet not fully though out money making activity] and in return you receive a rate of return greater than 1% per day. But no matter how lucrative the alleged cover story is claimed to be, as soon as new investments dry up, pay outs dry up and the "company" dies.
And that's exactly what MyNyloxin's "MDRMD" (My Nyloxin Media Direct Response Division) is/was promising:
The subsequent sale of MyNyloxin products ( which includes Nyloxin itself as well as the advertising sold by MyNyloxin ) is used to pay each MIE member a daily revenue share of between 1.2 -1.5% on the total number of MID units they possess.
During June, 2014, the Company issued 60,000,000 shares of the company’s restricted stock to settle the outstanding commissions’ payable in aggregate of $100,000 with TCN. The shares were valued at $0.0099 per share. The Company recorded a loss of $494,000.
Thanks Doc
Question: Who Owned Phytosphere in February?
Phytosphere's ownership has been a little murky between the handoffs to and from MJNA/CANV. I'm asking specifically about February 2014.
Also, has Phytosphere ever been known to conduct lab tests of third party products?
I ask because I've come across a new CBD company that looks to be aspiring to fly by night status assuming they get off the ground and they claim to have a lab test of their product conducted by Phytosphere last February.
This may or may not be true, I have some reason to question this companies credibility. But if true, who owned Phytosphere at the time?
Thanks in advance.
WakeUpNow CEO Kirby Cochran Steps Down
Or was voted out, one or the other. [Link]
He is being replaced by the man who so masterfully oversaw the companies finances.
They Could Get Some Washed Up 80's Guitarist
from some old Hair Metal band and have him say:
If You Love Heavy Metals, You'll Love Our Hemp Oil !!!
Next Promotional Campaign:
We Sell RSHO So Cheap It Might Give You Gastrointestinal Distress !!!
I Love It
They're even calling themselves Hemp Oil Hustlers now.
That's some good branding right there.
So it's the Cranford Lawsuit Now
that's good for MJNA, they might be able to win against him. If however:
“We will seek full legal remedies and awards for the damages caused by the malicious and intentionally harmful article and actions by the enterprise made up of the publication’s author, the publicist, and the company, other parties and individuals,” Andrew Hard, a spokesman for Medical Marijuana Inc., said in a statement.
Lord Help them if they take on ProjectCBD
From that article:
“We will seek full legal remedies and awards for the damages caused by the malicious and intentionally harmful article and actions by the enterprise made up of the publication’s author, the publicist, and the company, other parties and individuals,” Andrew Hard, a spokesman for Medical Marijuana Inc., said in a statement.
Just Another Independent Distributor?
Then why did Micheal Hansen write an email to the Judge in Buck's case requesting a delay in his sentencing? Scroll to the bottom of this PDF link.
Buck, after pleading guilty wanted to pay back some of his gold scam victims prior to being sentenced for his crimes. Not a bad idea, it might have mitigated his sentence. And Micheal Hansen was eager to help Buck because Buck ran (runs?) the largest Dubli downline organization in North America (per this video). Buck isn't "just another" affiliate and Hansen wanted him on the street to help with "some large events we (Dubli) have planned" in the 90 days past that August 8th E-Mail. Even AFTER Buck Reed plead guilty to multiple frauds Micheal Hansen wanted him to help sell the Dubli opportunity. That speaks volumes.
Also, Buck sent a check to the court for partial restitution with a promise of more money coming from the same source. That source being a commission for arranging some sort of film deal. The interesting thing is that the person who is attesting to the source of the funds from that check was Dubli's Micheal Hansen. If Mr. Hansen is not also involved in the same film deal how could he verify to the court the details of the payments? Seems to me we have fairly direct evidence that Buck Reed and Micheal Hansen are business partners, at least on that film deal if not in other things as well.
I Beg to Differ
the overwhelming majority of the money to be made by joining the Dubli business opportunity comes not from any "product" (the cash back mall) but rather from affiliates being paid to recruit more paying affiliates. In the short term this will add to the companies bottom line but if it ever attracts the attention of the regulators, it will be shut down.
I watched a video from one of the big promoters who claims to have made north of $153K in the last 60 days NOT INCLUDING any money generated from customers or the cash back mall (which was so small as not to be worth bragging about). That was $153K from bonuses and commissions from signing up affiliates. That is the textbook definition of a pyramid scheme.
I don't know penny stocks, but I do know about MLM scams. Is DUBL a reasonable short term gamble in the market? I have no clue. But if they grow big enough to make it cost effective for the FTC or a state AG to close them down, they will be closed down.
More Info
On that website and the sort of people building Dubli. Here is the Whois info for that website, Vip2MVP.com:
Registry Registrant ID:
Registrant Name: freeman reed
Registrant Organization:
Registrant Street: 717 saint joseph street
Registrant City: saint joseph
Registrant State/Province: Michigan
Registrant Postal Code: 49085
Registrant Country: United States
Registrant Phone: 2693696836
Registrant Phone Ext:
Registrant Fax:
Registrant Fax Ext:
Registrant Email: buck734@gmail.com
COURT REPORT
7/12/14 A Former Michigan Man was convicted of defrauding investors through a scheme that promised wealth from gold hidden in the Philippines was sentenced Wednesday to 87 months in prison.
(aha we got his real name at last !> Freeman "Buck" Reed, 44, was ordered as part of the sentence imposed by U.S. District Court Judge Janet Neff to pay $1.32 million in restitution to victims and $565,509 to the IRS.
Reed used his powers of persuasion, developed over the years, to get people to invest in a gold scam that had been around for years, the judge said.
Judge Neff also said she is "convinced Mr. Reed will scam again, possibly even while he's in prison."
Reed and another man were indicted in July 2013 in a scheme to cheat investors out of money they solicited to SUPOSEDLY recover gold and some gold certificates in the Phillipines!
NOW HERE IS WHERE IT GETS INTERESTING DUBLI ! - TRIES TO SAVE REED
SUPOSEDLY: The owner of Dubli showed up ready to bail Reed out of the Claw of the Law. So we can pretty well guess that Reed has been working DUBLI and their big front end packages so they wanted to keep their "top gun" The Watchdog has complaints of people putting in $3-10K. One bunch of Russian immigrants did not want to go AG's. We have photographs from the trial but don't have time to get them up. So beware of Dubli
It Was reported as Fact
in a Public Forum. MJNA/Vest/Llamas are free to offer a correction or demand a retraction if they believe their good names are being slighted. They could likewise dispute any of the lab results mentioned in the article. But we both know their best PR strategy is to pretend that this and any of the many other articles calling them, their products and business practices into question simply don't exist. And perhaps some of the people currently holding shares of MJNA will recognize that it's in their financial best interest to minimize or outright deny EVERY negative thing anyone ever says about the company.
The Address Used in their Filings
is a Regus rent an office:
http://www.regus.com/locations/office-space/florida-fort-lauderdale-cypress-park-west
You can rent space by the month or by the hour. You can even rent a "virtual" office which is more like a mail box and you can pay to have someone say "Hello [Company Name]" when someone calls. No way to know from here if Dubli rents a suite of offices or just a mail box.
Kannaway Disses RSHO
Not all that much in the way of a data point but if I were running Kannaway and wanted to prepare the field force for an announcement that the company that supplies their products (MJNA/HempMeds) was no longer going to be buying CBD Rich Hemp Oil from the company that supplied them (CANV), I might do it something like this:
There's a Difference
Between NPHC and the MyNyloxin MLM opportunity. I wouldn't go so far as to hold Rick Deitch blameless in all of this and for more than one reason, but I'm not pointing fingers at NPHC so much as warning people the MLM division is a toxic and arguably, illegal money game.
Deitch SHOULD know better than to let his company be used like this. Not only is it ultimately his responsibility but he also lived through a previous MLM lawsuit when he was a principle in a company called Waiora. I should hope he'd know better and have hired qualified MLM consultants to rip the comp plan apart but if he did that the people behind MyNyloxin would have jumped ship. A (very) bad MLM company will still pay Rik more than no MLM company and it looks like Mr. Deitch is pretty effen desperate for money. Click on official records search and then Type in Deitsch, Erik. Kinda a mess.
Sorry But this is Pretty Pathetic
From that same fb page:
Mynyloxin
May 24
In less than 14 business days of just the MID sales:
over 5000 MyNyloxin Media Units have been sold.
over $27,000 in 1.2% revenue share has been earned.
over $45,000 in 5 level upline commissions have been earned.
The 2 minute; 1 minute and 30 second commercials are ready to go.
The above came from just the 18% and 12% Media Unit Bonus Systems. These figures are transparent and all listed in your MID Back Office. And we are only a month away from 50% and 10% of the gross sales from Media Package Sales to the public being paid out within the MID System.
The Interesting Thing to Me
is that this request was made in the first place. MJNA was asking for an injunction to:
PLAINTIFF'S MOTION FOR A PRELIMINARY INJUNCTION ON AN ORDER SHORTENING TIME: Mr. Nelson requested a 10-day period / stay for parties to get with the arbitrator so as not to burden the Court's docket; he concurred with the Court that Pltf seeks to prevent going forward as a terminated contract, and require Deft to continue to let them be the exclusive seller of Deft's products on the internet.