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just one truthful response would be sufficient. What they need to do is pull up their big girl pants, admit a few products got through their Quality Control procedures. Get a better product or better machines or more training - whatever just fix the problem. Stop manipulating parents into promoting their illegal products...........
I'm gonna stop for a while the Saints and the Ravens game is starting to look good and more entertaining. Good Night boys and girls.
One should also look just below the surface...
Holy Cow, I actually learned something from you, thanx for that.
When did she Petition For A Removal Of Delinquency?
Not long ago;
"Ms. Michelle L. Sides - "Chairman" and Chief Operating Officer
According to multiple Medical Marijuana filings, Ms. Michelle L. Sides is the Chairman of the Board, Chief Operating Officer, and also indirectly controls ~ 48% of the Company through her beneficial ownership of Hemp Deposit and Distribution Corp. In addition, she is purportedly a Member of the Florida State Bar Association and possess extensive experience in corporate and real estate law. Interestingly, the Florida Bar records for Ms. Michelle Sides indicate she was previously the "Corporate Counsel" and sole employee for "North American Companies, LLC," the same entity Mr. Michael Llamas purportedly founded and utilized to execute "in excess of ten billion dollars in transactions" for distressed debt. However, in reality, Ms. Michelle Sides has been kicked out of the Florida Bar for unspecified reasons (rendering her not eligible to practice in Florida).
Simply put, it is hard to imagine trusting Ms. Michelle Sides with a library book, let alone as the lead manager for a $355mm publicly traded company. Unfortunately, for most retail investors in MJNA this is the first they have heard about this because Ms. Sides has fraudulently omitted this material information from her official biographies and disclosures."
100 M LAWSUIT = EPIC FAIL
It's just for show, a lame attempt to look legit and another opportunity for all the lawyers and ex lawyers to bleed the company and bill more hours. How many lawsuits have they been involved in? I stopped paying attention at the count of four. Wouldn't a lawsuit actually moving forward demand they open the "overdone" cooked books? They have been promising audited financials for years and have had auditors quit rather than sign off. Disgraceful They have manipulated the parents of sick children into promoting their products so they can claim we never said that. How low can they go?
REALLY, HOW LOW CAN THEY GO!
Investors have the right to ignore invaluable DD by a multitude of sources and they also have the right to ride this scam all the way down to the grey sheets. The truthful negativity goes far beyond anything 420Investor service wanted or didn't want. Selling contaminated products to the desperate parents of sick children and telling them they can get free or reduced price oil if they pump the illegal cbd products.
FOR SHAME, does the fraudulent company not have a soul? I think they most certainly have sold it.
Again, see the BIO at the end for the author. The quotes used in the article are referenced as well, most even have links.
Confessions of a Guilty Mind
Quotes:
"“What these companies are doing is criminal and dangerous…and since I formulated most of these products as head of Dixie science, I feel responsible for spreading the truth.”"
"In a post on her Facebook page, Wise said CBD-based products are made from “crude and dirty hemp paste” that is contaminated with microbial life, residual solvents and other toxins."
"“I’m tired of so called CBD companies claiming that what they provide is medicine. Anyone using a CBD from hemp product please be aware of what you’re actually getting b/c it is not what you think,” Wise wrote on her Facebook page."
http://mmjbusinessdaily.com/former-dixie-employee-blasts-cbd-industry-former-employer/
The Real Deal for those that actually read the article
Quotes:
"You might wonder why these parents are participating, but that’s an easy question to answer: they get free or highly discounted medication for their kids in exchange for “spreading the buzz” about the products. Parents who wish to remain anonymous have reported to Ladybud Magazine that Hemp Meds Px has sent them not only “medicine” for their children, but “gifts” like expensive video cameras so they can document their children’s success. These parents say they have been told by the company that they will continue to receive “gifts” and “medicine” as long as they keep promoting the product..."
"“So the parents who are marketing the products – who (also) aren’t officially associated with the company – are marketing this under false pretenses. And if they get in trouble, then the owners of the company can just say, ‘hey, we never told them to say that.’”"
http://www.ladybud.com/2014/04/04/whats-up-with-the-multi-level-marketing-of-hemp-derived-cbd/
The author uses many quotes throughout the article as well has a small bio at the end. Again for anyone who actually read the article and is interested in the truth.
Snake Oil; History Repeats Itself
Quotes:
"The other big scam popping off is the questionable hemp derived products being pushed most notably by Hempmeds PX RHSO (Real Scientific Hemp Oil). The company claims that their product is legal to distribute in all 50 states because it is derived from hemp paste that is legal to import. Their claims are dubious and are moving targets. The parent company, Medical Marijuana Inc. (MJNA) has a lot of affiliated companies that have made a lot of strange moves on the stock market, which is a totally different but related story. There is a good article entitled “Medical Marijuana, Inc. Definitely A Dope Opera” on Seeking Alpha that is worth checking out to get a better breakdown of the complex bullshit workings of this company, and their former partnership with Dixie, a Colorado based company also offering similar hemp derived preparations. It is extremely bizarre and frustrating. These con-artists have exploited the popularity of cannabis and zero regulation to make crazy marketing claims about their products."
http://weedactivist.com/2014/02/23/snake-oil-history-repeats-itself/
SPAM ARTIST PUMPING ILLEGAL CBD OIL
Quotes:
"...chances are, you’ve heard about Kannaway, or its “Buzz Launch,” or Real Scientific Hemp Oil (RSHO), or hemp vape, or Hemp Meds Px, or Medical Marijuana Inc., or CannVest, or all of the above. And you’ve probably even gotten annoying, overbearing email spam in your personal or business accounts, and maybe even spammy-sounding “testimonials” in social media groups you moderate, soliciting you to join in this “great” new business opportunity."
"...directly from the DEA. As Lee tells Forbes, ““They are trying to get around the law that says [cannabidiol] is a Schedule 1 substance,” says Lee. “The history of the people running the show, the shadiness of the operation, suggests that they see a way to make a fast buck out of a population that is desperate for miracles, when you see the kids with epilepsy, for people who are sick.”"
"...directly contacted the DEA for clarification on Cannabidiol’s legal status, and the DEA’s response is always the same: it’s illegal, and Schedule I."
"...using a Multi Level Marketing scheme so that if the DEA comes after them, they can just say that they made absolutely no medical claims about their products, and it was all just their affiliate marketers aka desperate parents"
"“It is almost astonishing that a company like Kannaway aka Hempmeds is allowed to exist in this day and age,”"
"...On one hand it shows a coming of age for the cannabis industry that such elaborate fraudsters have taken root; but on the other hand it is such blatant affinity fraud based in an obvious pyramid scheme."
"“The sad part,” continued Martin, “is that the company is enlisting thousands of unsuspecting families and individuals to distribute their products, which are still considered Schedule 1 controlled substances by the DEA, putting people at risk. It is gross that these folks continue to push their inferior products made from hemp sludge from industrial machines on people in the name of medicine and that they use innocent people to carry their bullshot message.”"
http://www.ladybud.com/2014/04/04/whats-up-with-the-multi-level-marketing-of-hemp-derived-cbd/
Heartbreaking Story of Contaminated CBD Oil given to sick Children.
Quote:
"The report carefully tracks the “rotten roots” of the founders and investors of Medical Marijuana Inc (aka HempMeds). It calls out the lack of transparency in sourcing of the hemp for the CBD oils being sold. The report also discusses a vial of Real Scientific Hemp Oil that tested positive for heavy metals (and was then retested with different results) and multiple vials of RSHO Gold testing positive for hexane and other dangerous industrial solvents."
"In the end, the report concludes that HempMeds is a product of prohibition: a predatory business model built by career opportunists and fraudsters whose products and model will not survive the establishment of a regulated cannabis market. Their products, even if not contaminated, are not competitive with established brands in states with a medical marijuana program from a price, consistency or dose-per-dollar standpoint. It is marketing, and marketing alone, that sustains this business."
http://www.ladybud.com/2014/10/14/hemp-oil-hustlers-a-project-cbd-special-report-on-medical-marijuana-inc-hempmeds-and-kannaway/
THIS IS THE TRUE NATURE OF THE BUSINESS mjna IS IN FOLKS.
"SNAKE OIL"
LMAO, Since nobody wants to see you go bankrupt, I guess you'll be leaving now. Hate for you to go, but love to see you walk away. see ya at the next blockbuster stock.
It's bad enough that Sides is delinquent from the Florida Bar (STRIKE ONE) and that their "consultant" is a verified penny stock SCAM lawyer (STRIKE TWO) but llamas is still calling the shots (STRIKE THREE). MJNA you're OUTTA HERE!!
I've heard that before but couldn't believe mjna would be that stupid but I've been wrong before.
stupid is has stupid does - forest gump
Not yet, the next round of pumps hasn't began. Also, this could be the week of the "crash and burn", it's coming
The share count is fine, not great but fine. There are mj companies out there who have nearly a billion shares out and some think their fine, go figure.
Some of the top law firms in Nevada say differently.
Consultant.?.?.!
Quote:
"Koehnke’s ability to earn a living in the bowels of the capital markets has placed him in proximity to the rich tapestry of the penny stock universe’s movers and shakers. A licensed broker, Koehnke has served as a legal adviser to a series of firms whose business model appears centered on small cap stock trading and promotion and possessing extensive regulatory problems. One of these was Scottsdale Capital Advisors, an Arizona-based brokerage run by John and Justine Hurry, a husband and wife duo who are no strangers to litigation or censure. Koehnke advised Scottsdale when it hired a pair of brokers, Andrea Ritchie and Joseph Padilla, who were under investigation by the Securities and Exchange Commission for a stock promotion scam related to football player Daniel “Rudy” Ruettiger’s erstwhile sports drink company. (The two brokers received three-year suspensions from the securities industry; the company is no longer publicly traded.)
Both of Koehnke’s other brokerage firm clients, OC Securities and Aaron Capital, have also run afoul of market regulators on several occasions.
Not shy about starting a fight on behalf of a client, Koehnke sent Seeking Alpha contributor Alan Brochstein a cease and desist letter threatening legal action if he didn’t remove his article critical of AVT. (Brochstein didn’t comply and has continued to criticize the company.)
According to Mehdizadeh, Koehnke came up with the idea to select Tim Quintanilla as the company’s accountant. After the SEC and Public Company Accounting Oversight Board faulted Quintanilla’s diligence, Koehnke approved the appointment of Alexander Anguiano, Mehdizadeh’s personal accountant. In addition, Koehnke also did not stop the internal transfer of Mehdizadeh’s holding company to Medbox’s chief executive, a highly unusual maneuver.
Pressed on the matter of how Koehnke’s continuing advisory work jibes with Medbox’s desire to be seen as a serious company, Mehdizadeh said, “[Medbox] is looking to phase Phillip out soon.”"
The FULL article can be read here;
http://sirf-online.org/2013/09/30/the-penny-stock-lawyer/
Some important info on why the 100 million $$$ lawsuit will be withdrawn. Some background and present info on the companies involved.
http://seekingalpha.com/article/2623315-cannlabs-vertical-operations-growing-geographical-footprint-in-a-young-sector-and-my-interview-with-ceo-mark-c-mirken?ifp=0
mjna lawsuit <==> epic fail
MJNA Benefits From A $60M Mistake...
Oct. 23, 2014 7:03 AM ET | About: Medical Marijuana, Inc. (MJNA)
Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. (More...)
Summary
• Medical Marijuana Inc's 2Q/14 Revenues rose 20%, but margins fell as expenses increased, resulting in a $1.08M (consolidated) loss.
• News of a $100M lawsuit brought by Medical Marijuana Inc against several companies and individuals, coupled with a complementary Yahoo blog post, created conditions for a "run".
• The Yahoo blog post initially incorrectly reported a $60 million available market for CBD-only products as $60M in year-to-date revenue for Medical Marijuana Inc.
On October 22, 2014, Medical Marijuana, Inc (OTCPK:MJNA) closed at $0.1791, up 55.7% from the Oct 17, 2014 close of $0.1150. What could have been the reason(s) for this rapid climb?
It's not likely that MJNA's results for the second fiscal quarter ending June 30, 2014 were the catalyst. When the company finally filed the results on Sept 30, 2014 -- nearly seven weeks late -- the consolidated Revenues for 2Q/14 were $4.822 million, which was a 20% increase from the first quarter's $4.017M. Not bad, except that:
• Gross margins fell to 36.7% from 1Q/14's 52.6%
• Expenses rose 38%, to $2.85M from the first quarter's $2.06M
• The Net Ordinary Loss was $1.08M vs. Net Ordinary Income of $56 thousand in 1Q/14
The report also included the following statement on page 30, where MJNA told shareholders it would dilute existing shareholders during the third quarter to repay notes due to MJNA's partner and financier, HDDC Holdings:
[The number of beneficial shares held by HDDC] Does not include shares of common stock the Company intends to issue during the quarter ending September 30, 2014, upon conversion of outstanding notes held by HDDC as well as previously due issuance's to officers, issuance's for new joint ventures and incentive programs to retain new executives and directors.
BIG TROUBLE AHEAD FOR MJNA...
A new player is about to take over.
It's been recently released a competitor of mjna will very soon be in direct competition.
Quote:
"...they have completed testing and formulating compounds at their cannabinoid extraction facility in Northern California and are now moving into production. The company will be producing a variety of oils, waxes and other mediums of concentrated cannabinoids"
Up until recently this "competitor" has been reluctant to enter the extraction marketplace. A unanimous vote by the board has changed that. They will now be producing high grade extracts at their state of the art facilities.
Quote:
"...unanimously voted to allow the company to engage in the production, extraction and retail sale of medical cannabis if done so in full accordance with the state and local medical marijuana laws(ordinances) in which they operate. This allows the company's executive team to transparently operate in the medical cannabis market."
mjna revenue about to be "extracted" from balance sheet. This new entry into the extraction marketplace will have dire consequences for the already struggling mjna shell company. With our competitors "cutting edge" extraction process coming online and customer sales starting very soon, the future of mjna isn't looking so great. We have major issues to overcome and we need to make some major changes just to stay in business, much less flourish. Is this the "Death Blow" that will finish us off? If we somehow manage to survive this new entry into the already crowded extraction market, it's a sure sign of our need to get it together post haste.
the full article can be read by following the link below.
http://money.cnn.com/news/newsfeeds/articles/globenewswire/10107707.htm
Oldie but a goodie, nice find.
Well said, The commission needs to redirect their anger towards those responsible, the cccc. The State wont be embarrassed like they were.
Reno Neighbor cheers medifarm...
http://www.mynews4.com/news/story/Midtown-Spy-Shop-location-may-become-a-dispensary/1gy7Knxf30qKu73XHT-xyQ.cspx
Who is Phillip Koehnke (Consultant)?
Tinkerer, Lawyer, Hustler, Lies: One Man’s Path to a Dope Fortune
Quote:
"When in Southern California and in need of a lawyer who understands the needs of a company that may exist largely on paper (and that may never materialize), Phillip Koehnke is your man. The 45-year-old former Colorado State wrestler, who serves as Medbox’s chief legal adviser, has carved out a niche representing penny stock companies in their brief interludes as going concerns. Koehnke’s clients are virtually identical: Exceptionally small and barely capitalized, they often have the skimpiest outline of a serious business plan and little in the way of experienced management or serious governance and operational controls. Koehnke’s ability to earn a living in the bowels of the capital markets has placed him in proximity to the rich tapestry of the penny stock universe’s movers and shakers. A licensed broker, Koehnke has served as a legal adviser to a series of firms whose business model appears centered on small cap stock trading and promotion and possessing extensive regulatory problems."
Who is Phillip Koehnke, find out here;
http://sirf-online.org/2013/09/30/the-penny-stock-lawyer/
http://sirf-online.org/tag/phillip-koehnke/
I'll definitely be grabbing up some cheapies when funds settle on Tuesday
Feds...
The U.S. Supreme Court declined to hear a case brought by San Diego County, California that sought to establish federal preemption over state medical marijuana laws. The preemption claim was rejected by every court that reviewed the case. The California 4th District Court of Appeals wrote in its unanimous ruling, “Congress does not have the authority to compel the states to direct their law enforcement personnel to enforce federal laws.” However, in another case, the U.S. Supreme Court held that, as long as the CSA contains prohibitions against marijuana, under the Commerce Clause of the United States Constitution, the United States may criminalize the production and use of homegrown cannabis even where states approve its use for medical purposes.
In an effort to provide guidance to federal law enforcement, the Department of Justice (the “DOJ”) has issued Guidance Regarding Marijuana Enforcement to all United States Attorneys in a memorandum from Deputy Attorney General David Ogden on October 19, 2009, in a memorandum from Deputy Attorney General James Cole on June 29, 2011 and in a memorandum from Deputy Attorney General James Cole on August 29, 2013. Each memorandum provides that the DOJ is committed to the enforcement of the CSA, but, the DOJ is also committed to using its limited investigative and prosecutorial resources to address the most significant threats in the most effective, consistent and rational way.
The August 29, 2013 memorandum provides updated guidance to federal prosecutors concerning marijuana enforcement in light of state laws legalizing medical and recreational marijuana possession in small amounts.
The memorandum sets forth certain enforcement priorities that are important to the federal government:
• Distribution of marijuana to children;
• Revenue from the sale of marijuana going to criminals;
• Diversion of medical marijuana from states where it is legal to states where it is not;
• Using state authorized marijuana activity as a pretext of other illegal drug activity;
• Preventing violence in the cultivation and distribution of marijuana;
• Preventing drugged driving;
• Growing marijuana on federal property; and
• Preventing possession or use of marijuana on federal property.
thanx, don't know how I missed that. I looked through filings.!?!.? Must have been one of those 3am DD sessions. lol I've never held a stock through a private placement before, back to DD. thanx again!
I'm a little shocked too. We have over a 100% gain in the last 2-3 weeks but I was thinking we would at least be passing a $1.00 by today. I guess most investors are hesitant when it comes to pennies or maybe a filter, no matter how advanced, isn't as "sexy" has a magical cure-all pill. The article that just came out should help get the word out.
Up 533.33% in it's 52 week performance
Quote:
"...A move from .06 to .38 is a 533.33% gain." - doc k
ref: post # 87625 on 11/7/14
News on the rescheduling...
http://theleafonline.com/c/politics/2014/11/schedule-hearing-feds-wrong-warning-wonky/
s-1a, p45, Legal Proceedings, link above stickies
Agreed JohnnyBlaze55, after all the claims of this guy going to take trtc down and get 37.5% of trtc it is good to finally rid ourselves of this "cling-on" who desperately wanted back in the mmj business. Oh, by the way it's 200k shares not 400k shares.
Quote:
"On March 29, 2011, Dhar Mann and WeGrow Garden Supply LLC filed an Individual and Corporate Complaint in the Superior Court of the State of California, Alameda County, File No. RG11568327 (the “Dhar Mann Complaint”), against GrowOp Technology alleging, among other things, that Mr. Mann is a 37.5% owner of GrowOp Technology and claiming damages of approximately $2,200,000 in connection with a purported agreement to sell Mr. Mann shares of common stock of GrowOp Technology equal to 37.5% ownership in GrowOp Technology. The Dhar Mann Complaint is also seeking an order from the court prohibiting GrowOp Technology from selling any additional securities or becoming a public company. GrowOp Technology denies, among other things in the Dhar Mann Complaint, the existence of a purported agreement to sell Mr. Mann shares of common stock of GrowOp Technology amounting to 37.5% ownership in GrowOp Technology or the damages owed. The parties have settled this case and in connection therewith, we issued 200,000 shares of Common Stock to Mr. Mann and his designee."
says;
200k shares of common stock to mr mann and his designee.
does NOT say;
200k shares of common stock to mr mann and 200k shares of common stock to his designee.
I don't remember mann being named in any of the published articles outing the likely criminals? Do you remember the parties who were named? For the life of me I can't remember, I can look it up after the game.
In the meeting, the councilwoman who sat all the way to the viewers left, Chris Giunchigliani, mentioned after it first started that there were applications that were originally denied that ARE being reconsidered.
thanx Dickybad, just calling it like it is. I see some allegations saying it was mann and anson funds with the tort interference, sounds like someone trying to shift blame to me. I see others claiming trtc is afraid to show their books - JOKE. I also see some are going nuts about the S1, but almost nothing is on there that DP didn't cover in his interview with AB. I won't really get a chance to read in detail until the weekend but like I said no surprises here except for release of info regarding mann. I bet he left the proceedings with head hung loooowww.
Just got back from grabbing pizza's for the fball games and I see the S1 was released and I'm over a hundred posts behind. I skimmed it real quick and didn't see any surprises at all except for fraud mann news. The news was a surprise for me but mann getting "spanked" was pretty much exactly has I expected. 2.2 million down to 200k shares, so at .35 that's 70k from 2.2 million. Ha - JOKE! Good bye and good riddance I say. See ya wouldn't want to be ya!
Games are on, outta here.
LMAO, electrolytes rock.
It's not a threat, it's real and happening RIGHT NOW. There is already a lot of competition with cbd's and pushing contaminated products and spending so much time with lawyers and "fake" lawsuits isn't helping their cause. SERIOUS changes all around need to happen before this becomes even remotely invest-able.
Have they hit a BILLION shares yet?
What a disappointing 10Q, oh wait, it was expected.
Is this or Is this Not their lawyer?
Quote:
"...in need of a lawyer who understands the needs of a company that may exist largely on paper (and that may never materialize), Phillip Koehnke is your man."
http://sirf-online.org/2013/09/30/the-penny-stock-lawyer/
http://sirf-online.org/tag/phillip-koehnke/
BIG TROUBLE AHEAD FOR MJNA...
A new player is about to take over.
It's been recently released a competitor of mjna will very soon be in direct competition.
Quote:
"...they have completed testing and formulating compounds at their cannabinoid extraction facility in Northern California and are now moving into production. The company will be producing a variety of oils, waxes and other mediums of concentrated cannabinoids"
Up until recently this "competitor" has been reluctant to enter the extraction marketplace. A unanimous vote by the board has changed that. They will now be producing high grade extracts at their state of the art facilities.
Quote:
"...unanimously voted to allow the company to engage in the production, extraction and retail sale of medical cannabis if done so in full accordance with the state and local medical marijuana laws(ordinances) in which they operate. This allows the company's executive team to transparently operate in the medical cannabis market."
mjna revenue about to be "extracted" from balance sheet. This new entry into the extraction marketplace will have dire consequences for the already struggling mjna shell company. With our competitors "cutting edge" extraction process coming online and customer sales starting very soon, the future of mjna isn't looking so great. We have major issues to overcome and we need to make some major changes just to stay in business, much less flourish. Is this the "Death Blow" that will finish us off? If we somehow manage to survive this new entry into the already crowded extraction market, it's a sure sign of our need to get it together post haste.
the full article can be read by following the link below.
http://money.cnn.com/news/newsfeeds/articles/globenewswire/10107707.htm
I lost count after I found the three or four that were all tangled together. Have they partnered up with anyone where it hasn't ended up in a lawsuit? Perhaps that would be a better question to ask. The Lawyers are laughing all the way to the bank, that's for sure. If you're willing to take a phenomenally high risk you can squeeze a few bucks out of this Oinker. You just need to jump in on the pump phase which probably is not going to happen until it crawls back in the tens or so. You will still have to accept the fact of a sec halt looming overhead though. Too Risky for me. I did however jump in at .104 +/- and rode it up to .17 +/- in mid October. I got back out quick, not willing to risk more than a few days and certainly not any significant amount of cash. Felt like I was playing Russian Roulette, had trouble sleeping the entire time I was in.