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No, the dilution will not stop in June. It will go on all the way through 2018 because 5 of these notes are due 6 months after issued. If you look at the dates of these notes, there is basically one $55,555 note for each month this year. The last note is due December 2018 (from June note).
By the end of the year,Tew will max out the O/S. I guarantee it. There was over $1M worth of notes issued. Then we will see a R/S.
I also find it pathetic that the only requirement for this note sale is that Tew keeps the stock bid above .00001. (according to the 8k)
This is what the 8k means in a nutshell... There was 12 dilution notes (each worth 55,555) issued through June 2018... 5 of these notes cannot be sold until 6 months passed. The other 7 notes can be sold that day. 1 of those notes was already cashed in on Jan 23,2018... I think you know where this is going...You can thank Tew.
Note Type
Issue Date
Cash Funding Date
$55,555.55 Front end (Note 1)
January 23, 2018
January 23, 2018
$55,555.55 Back end (Note 2)
January 23, 2018
January 23, 2018
$55,555.55 Front end 2 (Note 3)
On or prior to February 19, 2018
Date of issuance
$55,555.55 Back end 2 (Note 4)
On or prior to February 19, 2018
6 months from date of issuance
$55,555.55 Front end 3 (Note 5)
On or prior to March 19, 2018
Date of issuance
$55,555.55 Back end 3 (Note 6)
On or prior to March 19, 2018
6 months from date of issuance
$55,555.55 Front end 4(Note 7)
On or prior to April 19, 2018
Date of issuance
$55,555.55 Back end 4 (Note 8)
On or prior to April 19, 2018
6 months from date of issuance
$55,555.55 Front end 5(Note 9)
On or prior to May 19, 2018
Date of issuance
$55,555.55 Back end 5 (Note 10)
On or prior to May 19, 2018
6 months from date of issuance
$55,555.55 Front end 6(Note 11)
On or prior to June 19, 2018
Date of issuance
$55,555.55 Back end 6 (Note 12)
On or prior to June 19, 2018
6 months from date of issuance
Will be interesting to see O/S when its updated on OTC markets.
Tew isn't even coy about it. Doesn't give a Fu. Now there's 21M on the ask.
Tew just gave MJTK incurable cancer.
Tew = little rocket man that has a big dilution button
Yes. 242,000 shares sold.
Tew is bad news. Glad I got out after I learned he was back. I wasnt about to defend ratboy or be part of his company. He's a proven scumbag. Can't complain though, made bank.
Who pays themselves $120,000/year? A greedy diluting scammer sh!÷holer. He reminds me of Joel Schneider CEO of MJMJay.
From the most recent 8-K...
On December 29, 2017, Patrick G. Burke resigned as our chief executive officer and chief financial officer, and contemporaneously, we entered into an executive employment agreement with Michael A. Tew to reengage his services as chief executive officer and chief financial officer for a term of one year, with automatic renewal for successive one-year terms at each anniversary date, unless terminated. Mr. Tew’s annual base salary is $120,000. Mr. Tew continues to serve on our board of directors.
I agree with you (makes sense)...until Congress steps in...who knows how long it will take for them to act
-ZZZZZZZZ
MJTK...we will need to wait for the next catalyst (probably reschedule news).
Sessions singlehandedly killed the Cali momo. News will not make a difference anymore.
Sad!
Sessions just killed any and all momo. We've seen this story before with the Spicer comments that stopped the 420 run in it's tracks.
Haha well said THG
Hemp drink stocks are so 2014...the market will look for MJ tech stocks to go along with cryptos. These will be the winners of 2018.
MJTK has such a UNIQUE business model. Very very few like MJTK. Perfect for Cali. Which will result in an appetite for shares.
Such a strong stock. This time around we have many real catalysts that will keep the momo. Little consolidation now, who cares. Stay tuned for news impacted by Cali.
It may be cold outside but it's HOT in here $$$ MJTK $$$
Seeing rec MJ get lots of attention on national news stations...IT BEGINS!
I knew MJTK would run again without help from salami...glad I was buying...no quit. ..2018 gonna b a great year for MJTK
It looks like the MJ wave WILL be affecting MJTK. All this green is a great sign MJTK will be part of the mj wave going into 2018
Same goes for me Mwyo. I'll take an A/S raise over a R/S anyday. Should go on a nice little run 1st of the year.
Also, people must realize that despite O/S becoming a little bloated, there are plenty of MJ stocks reaching pennies with same SS. Not saying it's gonna happen obviously, just that it's possible based on comparables.
We just need some catalyst hype machine (Cali & CT).
How many salamis u thinking?
PP, Timing is everything in OTC...their plan likely is to launch CT during a big sector momentum uptick...atleast that's what I'd do.
Very very soon IMO
Glad I had the guts to load those 0007s. Lots of momentum coming our way...unlike 4/20
Trump admin will leave weed to the states. That is clear as day
Sessions just said DOJ will abide by states rights among other positive comments on MJ.
Congressional hearing going on now.
No...but he does hit up every Asian massage parlor. Extra greasy.
CAUTION! Greasy's DD trips are not for the faint of heart....they can get EXTREMELY GREASY!
Look at all those 10k trades...never seen that before.
Hmmmm
Its the kind of move right before getting pumped to high heaven. Seen it many times.
Could even get bullish in anticipation..
In the smelly ANALs of the OTC, moves some see as negative, can often have the reverse effect in reality.
Praying right next to ya..
Great job btw. I'm very happy for people that find great success!
DENVER, COLORADO (PRWEB) SEPTEMBER 19, 2017
CannaSys, a marketing, branding, and technology company, today announced its first marketing promotion in the cannabinoid (“CBD”) market, in partnership with independent coffee maker Sträva Craft Coffee, Inc. and leading cannabis social media application Duby, LLC. The ad will be targeted at more than 200,000 consumers nationwide, the first of its kind in the CBD marketplace, which is growing at more than 30% per year with expected sales of nearly $1 billion in 2017 according to The Hemp Business Journal “State of Hemp 2017 Market Report.”
Initial responses have been strong from a beta test text blast Citizen Toke promoted with Sträva Craft Coffee. As a result, CannaSys is expanding the promotion through its partnership with Duby, LLC, one of the social media applications targeting cannabis consumers through a global platform.
Patrick Burke, CannaSys’s Chief Executive Officer, commented: “We are very excited to launch Citizen Toke into the CBD industry, using digital media to break down the geographically limited marketing barriers that hamper traditional cannabis businesses. We believe the CBD market, which is growing as fast or faster than the regulated cannabis market, is a perfect product platform to leverage Citizen Toke, and we look forward to launching future promotions.”
Citizen Toke offers exclusive, instant, location-based, gamified promotions for cannabis retailers looking to more intimately connect with their consumers directly through SMS. Citizen Toke is an efficient means for retail centers to communicate exclusive promotions to their consumers and to extend brand awareness to current and potentially new customers. More details on the technology and business plan of Citizen Toke can be found in our White Paper.
CannaSys and its board and senior management remain committed to creating long-term shareholder value and will provide timely updates to shareholders as they occur.
About CannaSys, Inc.
CannaSys is a technology solutions, marketing, and branding company. Its core products are delivered “software as a service” to facilitate point-of-purchase transactions and customer relationship marketing solutions. CannaSys plans to develop, acquire, and build strategic relationships with other businesses in order to bring additional solutions to market. For more information, please visit http://www.cannasys.com and http://www.citizentoke.com.
FORWARD-LOOKING STATEMENTS
This release includes forward-looking statements. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including continued acceptance of CannaSys’s products, increased levels of competition for CannaSys, new products and technological changes, CannaSys’s dependence on third-party suppliers, and other risks detailed from time to time in CannaSys’s periodic reports filed with the U.S. Securities and Exchange Commission
DENVER, COLORADO (PRWEB) SEPTEMBER 19, 2017
CannaSys, a marketing, branding, and technology company, today announced its first marketing promotion in the cannabinoid (“CBD”) market, in partnership with independent coffee maker Sträva Craft Coffee, Inc. and leading cannabis social media application Duby, LLC. The ad will be targeted at more than 200,000 consumers nationwide, the first of its kind in the CBD marketplace, which is growing at more than 30% per year with expected sales of nearly $1 billion in 2017 according to The Hemp Business Journal “State of Hemp 2017 Market Report.”
Initial responses have been strong from a beta test text blast Citizen Toke promoted with Sträva Craft Coffee. As a result, CannaSys is expanding the promotion through its partnership with Duby, LLC, one of the social media applications targeting cannabis consumers through a global platform.
Patrick Burke, CannaSys’s Chief Executive Officer, commented: “We are very excited to launch Citizen Toke into the CBD industry, using digital media to break down the geographically limited marketing barriers that hamper traditional cannabis businesses. We believe the CBD market, which is growing as fast or faster than the regulated cannabis market, is a perfect product platform to leverage Citizen Toke, and we look forward to launching future promotions.”
Citizen Toke offers exclusive, instant, location-based, gamified promotions for cannabis retailers looking to more intimately connect with their consumers directly through SMS. Citizen Toke is an efficient means for retail centers to communicate exclusive promotions to their consumers and to extend brand awareness to current and potentially new customers. More details on the technology and business plan of Citizen Toke can be found in our White Paper.
CannaSys and its board and senior management remain committed to creating long-term shareholder value and will provide timely updates to shareholders as they occur.
About CannaSys, Inc.
CannaSys is a technology solutions, marketing, and branding company. Its core products are delivered “software as a service” to facilitate point-of-purchase transactions and customer relationship marketing solutions. CannaSys plans to develop, acquire, and build strategic relationships with other businesses in order to bring additional solutions to market. For more information, please visit http://www.cannasys.com and http://www.citizentoke.com.
FORWARD-LOOKING STATEMENTS
This release includes forward-looking statements. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including continued acceptance of CannaSys’s products, increased levels of competition for CannaSys, new products and technological changes, CannaSys’s dependence on third-party suppliers, and other risks detailed from time to time in CannaSys’s periodic reports filed with the U.S. Securities and Exchange Commission
USMJ will announce huge R/S this year IMO
I respect your opinion BG. I agree Tew dropped the ball big time. He was a loser. It happens in the OTC slums.
But these stinky pinkies can easily be revived with new blood (Burke) and excitement (white paper + Cali). The fact MJTK would not close below 52 day low is a sign it bottomed.
Sure we've seen dilution, but the SS is decent (not great) for a MJ stock. I've seen MJ stocks with billions in the OS reach pennies.
Have you been keeping up with MJTK? If so, what's your opinion? If not, that's cool. Just wondering.
$auseVi$ion
Looks like the whales finally read the white paper!
MJTK uptrend in progress
Boom Time!
Wow! Thanks for posting. Good luck to you and your GF
grea$yvi$ion
GREASE IS GOOD! MJTK refuses to close below 52 day low. Today is a great indication of bottom and potential reversal in progress.