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The MJNA lawsuit was over the conversion of three convertible notes, totaling about $981K. Once interest was factored-in, the amount was approx. $1.4M, which converted to 45M shares. The shares are supposed to be unrestricted, and they should have been issued to Roen a week ago. Because the shares are unrestricted, Roen can sell them at its whim. Many more details in the article
Ok, so the CEO of this $300M company sells houses on the side? Far enough, I am all for diversifying your income!
The COO and former CEO who are directors and the major shareholders are another story.
Ms. Michelle Sides (COO) has been kicked out of the Florida Bar for unspecified reasons.
Michael Llamas (former CEO) has his own run in with trouble (http://www.justice.gov/usao/cae/news/docs/2012/09-2012/09-14-12Loomis.html) and was indicted by the United States for the Eastern District of California for 19 counts of Mail Fraud and 31 counts of Wire Fraud related to a mortgage fraud scheme.
If that is not enough to get you a little concerned about piling your money into some stock just because it has the words Medical Marijuana it the name, then by all means, buy all you want. Most of us know how this will all end up.
MJNA #1 For Most O/S Stocks...1 Billion
What a Wonderful Accomplishment
Out of all the MJ Stocks MJNA has Diluted their shares more than all of them...
Were #! Were #1 Whoooooooooo HOOOOOOOOOOOOOOOOOOOOOOOOO
MJNA has the most o/s shares out of ALL MJ Stocks 1 BILLION...
I knew MJNA was the leader!!! IN DILUTED SHARES!!!!!!!!!!!!!!!! LOLOLOLOLOL
Any one on this board trying to talk about companies with 300M o/s really needs to do some house cleaning....
Laughing Stock of the Neighborhood!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
MJNA = JOKE + SCAm = Investors Hatin' it....
Simple DD Folks...
If in MJNA loses a few more pennies they will be BANKRUPT!!!!
Then where will that 10,000 penny burn come from...LOLOLOLOLO
MJNA is Done... All will see soon enough...
Almost Doc... .11, 1 Billion Dilution vs
.27 300 Million dilution...
Still Trying to find an equal business to invest in...
MJNA is rockin' that OVERVALUATION and OVERDILUTION so Bad I don't know where to turn???????
Hell, I found one...
A company with no licences and trading at .11 cents...Oh, the only differenc this already has over 3 times the dilution...I have to find another stock for comparison...LOL....
MJNA OVERVALUED and OVERDILUTED...
NEXT....
Ever wondered why a company issues millions of shares to settle maybe $10-$50k in debt? It happens consistently in penny land and the consequences can be likened to dilution. Attached is a discussion of toxic financing, such as how companies obtain it, why they need it, and how it can ruin your trade if not played correctly. Toxic financing is also labeled dump and dilute.
http://pennymann.wordpress.com/tag/toxic-financing/
LOL.....LOL>>>>>>>>>>>lOL>>>>>>>>>>>>>>>
1 Billion diluted shares
Non SEC filing Company...
45 Million shares given to Roen through litigation because MJNA can't pay bills...
One Hell of Management Team...
12 Million Revenue BULLSHIT....
Have an SEC auditor check into that....NOT...
MJNA will the next SEC HALTED Stock...
MJNA NO WHERE TO GO BUT DOWN!!!
Good Luck trying to play the Yearly BS lottery...
OVERVALUED and OVERDILUTED
Any Way you look at it...PEOPLE AREN"T LINING UP FOR DOG TREATS AND CHEWING GUM>>>>>>>>>>>>>>>>>>>>>LOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOL
Better Brands, Better Marketing, Better Costs are all in the competitions favor...Too Many Mistakes from this 10.5 year ticker at .11 cents a share....wWHOOOOOOOOOOOOOOOOOOOOO,,,kHOOOOOOOOOOOOOOOOOOOOO...
12/24/2013 .11 vs 12/24/2014 .11
Great Return on Investment...
NOT...
About to Get Worse....
Talking about Who?...
I think I know...Let's see...
12/23/2013 .11
12/23/2014 .27
Yeah I guess they can afford a couple pennies...
MJNA Can Not Afford It...
Halt Soon...
Another PENNY BURN...
HUGE STRIDES...12/23/2013 .11....12/23/2014 .12
MJNA Tearing it UP!!!!
1 BILLION Shares...Only 4 BILLION left....LOL...
MJNA Won't Have a Chance when new companies start going public...Too Far Behind...
When other companies are Filing through the SEC...
When other companies do not have "Unsolicited Quotes" and warnings from SEC
listed to potential investors...
When other companies pay their debts without being sued...
MJNA Investors will find better homes for their hard earned money...
"UNSOLICITED QUOTES"
Spammers and fraudsters often count on investors to call their broker or place an on-line order for the hyped stock. Such an order may be reflected as an “unsolicited” quotation in the quotation service – which is a quotation reflecting an order that has not been solicited by the customer’s broker. So you should be cautious when you see quotes that are marked as “unsolicited” quotations, and make sure that you obtain current and accurate information about the company before making an investment decision.
So when you see the word “unsolicited” in reference to the quotation’s status, you should be cautious and find out whether there is current information about the company before you buy or sell the stock.
http://www.sec.gov/answers/unsolicitedquotations.htm
???????????????????????
Hey, have you taken me off blocked yet? Don't send PM messages and then block my PM...Take me off block so we can both talk shit...
CS = Chicken Shit....
"Alternative Reporting" LOL...
Summary
In a lawsuit, Roen Ventures, LLC alleged that it loaned money to Medical Marijuana, Inc in the form of three convertible promissory notes totaling $980,750, and wanted repayment in shares.
The judge in the case ruled in Roen's favor.
Medical Marijuana was ordered to issue 45,027,135 unrestricted shares of its stock to Roen.
Medical Marijuana showed more than $10M in Notes Payable in its 3Q/14 filing, but does not adequately describe the structure of the notes.
http://seekingalpha.com/article/2767885-roen-ventures-wins-summary-judgment-in-its-lawsuit-against-medical-marijuana-inc
MJNA Does Not File Through the SEC....Why?
MJNA Claims 12 Million Revenue...Why wouldn't they pay this tiny debt?
MJNA has issued 1 BILLION SHARES w/ 120 MILLION MARKET CAP...OVERVALUED and DILUTED....
Do I need to say more?
MJNA Stinky Pinky bout to get Halted by SEC...
YOU HAVE BEEN WARNED....
Sales May Increase but YOU'll Never Really Know...
SEC File or I don't believe you...
12 Million Revenue = BS
Scared to Let SEC see what you're doing = Not Telling Truth...
MJNA will be Exposed Sooner or Later...Hope it's not when you have your money tied up...
GLTY
Like I said, GLTY...
I can make these products in my kitchen...I'm good...I want a company that isn't afraid to open up books and show the SEC and the shareholders what is going on...I like transparency...No good with a lot of new products but get halted by SEC...
Too Much Risk for Me...
Better options out there IMHO...
GLTY...Couple Questions...
How is MJNA the LEADER in CANNABIS INNOVATION?
Why, if they want to be uplisted, do they not File through the SEC?
Why does the SEC still list MJNA as "Unsolicited Quotes"...
I understand "New Products"...I can do that in my kitchen...
What I don't understand are why MJNA Refuses to be audited by the SEC if they "plan" on being uplisted?
MJNA PUMP & DUMP PROOF...READ BELOW..
This article presents verifiable facts, not hype. All information within the article is supported by official filings, etc. and the references to said sources are included in the article for skeptics to review themselves.
There is no substantive portion of this thorough report that has been proven to be false...
Cheers all! Happy holidays!
http://seekingalpha.com/article/2767885-roen-ventures-wins-summary-judgment-in-its-lawsuit-against-medical-marijuana-inc
Everyone gets Lucky on Pump & Dumps...
Most People Get Burned...
MJNA PUMP & DUMP...
... DUMP< DUMP< DUMP ...
When will MJNA stop hiding from the SEC with their "Alternative Reporting"?
When will MJNA get the "Unsolicitated Quotes" off their Ticker?
When will MJNA investors realize that this is purely a PUMP & DUMP with NO REVENUES AUDITED and Continual Litigation with Fraud Surrounding MJNA?
MJNA investors have more options with 1/3 less dilution...
MJNA is NOT THE LEADER IN CANNABIS INNOVATION...
To Be a Leader, You Must Be First...
MJNA is NOT the 1st in Receiving Cultivation Licences...
MJNA is NOT the 1st in Receiving Production Licences...
MJNA is NOT the 1st in Receiving Dispensary Licences...
MJNA is NOT the 1st American Public Traded Company to Receive a Federal Agencies Approval (SEC's) to issue shares to raise money for MARIJUANA BUSINESS LICENCES....
MJNA is BEHIND the TREND LINE...Bye, Bye MJNA NOT Buy, Buy MJNA
....BLOODY SPLASHY RED.....
Another volume of sellers today...
Ladies & Gents... Introducing the $MJNA Con-artists pulling strings behind the scenes...
Summary
In a lawsuit, Roen Ventures, LLC alleged that it loaned money to Medical Marijuana, Inc in the form of three convertible promissory notes totaling $980,750, and wanted repayment in shares.
The judge in the case ruled in Roen's favor.
Medical Marijuana was ordered to issue 45,027,135 unrestricted shares of its stock to Roen.
Medical Marijuana showed more than $10M in Notes Payable in its 3Q/14 filing, but does not adequately describe the structure of the notes.
http://seekingalpha.com/article/2767885-roen-ventures-wins-summary-judgment-in-its-lawsuit-against-medical-marijuana-inc
Volume Comparison...
Those three companies put together have had only 53,000 in volume so far this morning. TRTC has had 165K volume so far...Over three times the volume....I like Volume!!!
TRTC ROCKS & RULES!!!
Grow Marijuana + Sell Marijuana = $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
MY ONLY POST...
$MJNA... the laughing stock of the industry...
A small fish in a big pond!... A dilution machine with no cash, corrupt conartists running the company and promoting it... what a joke!...
$MJNA Unanswered questions with definitive answers...
Without referring to FLUFF PR & the unknown... focus on the present facts...
Questions???
Is there toxic financing diluting the stock so the company can survive?
Are insiders selling & have they sold in the past further diluting shares?
Were there "free" shares gifted?
Taking burn rate and lack of revenue into account... Is $MJNA almost bankrupt?
Are members of the board linked to fraud and scam related tactics in the past?
Does $MJNA generate ANY revenue from marijuana?
Did $MJNA default on Roens loan?
Is MJNA already registered to someone elseby SEC and an "Unsolicitated Quote" who warns investors of investing in MJNA?
Is $MJNA bleeding money?
How is this SCAM going to finance any type of infrastructure if they don't even have cash to operate??
Is a reverse stock split a possibility?
Has $MJNA been the subject of one of the broadest and most relentless promotional campaigns?
Does the CEO have an alias?
Is $MJNA a glorified snake oil producer?
Does $MJNA own patents or ANY real intellectual property?
Did $MJNA entered a number of significantly dilutive agreements with a company in NV?
Taken many prior historic factors into account... is there a possibility of the SEC stepping in and shutting $MJNA down?
Just a few simple questions... I'm looking forward to your FACTUAL responses!
... LIQUID STUPID ... $MJNA
Medical Marijuana Inc. CEO Michael "Penny Stock Jock" Llamas needs to be upfront and honest with Medical Marijuana Inc. marketeers sooner rather than later because in just two days SEC will begin releasing their EXTREMELY valuable due diligence. The scathing fact-based claims will be easily verifiable like all previous presentations preceding the 80% avoidable plummet tellingly.
"Unsolicited Quotes" MJNA Definition...
Unsolicited Quotations
Worse yet the individual placing the order – while appearing as an unsolicited member of the general public – may actually be in league with the fraudsters. That’s frequently how the fraudsters get the public market started out of the blue, and how they are able to generate the appearance of investor interest and trading volume. So when you see the word “unsolicited” in reference to the quotation’s status, you should be cautious and find out whether there is current information about the company before you buy or sell the stock.
http://www.sec.gov/answers/unsolicitedquotations.htm
TRTC = The GREATEST!!!!
Grow Marijuana + Sell Marijuana in Las Vegas NV = $$$$$$$$$$$$$$$$$$$$$$$
Only Post!
Good Night All LONGS!!!
One very simple reason folks aren't buying MJNA is due to the fact that a bit of clever research proves that nearly all of the heavily touted aspects of the MJNA story aren't even true.
It is a bagholder stock subject to the efforts of investors with big losses to get their money bag.
This is true of MJNA more so than ANY other cannabis stock.
Not only does this phenomenon negatively affect the interest level of new money, it significantly hampers upside potential.
Guys - this stock is going to be so heavily diluted in 2015 that it is literally impossible to reasonably expect these absurd price projections.
It is our perspective that realism is a far more lucrative perspective to adopt in decision making and our history exemplifies this; We are accurate. Always. Look into it.
Sorry guys - we just don't believe MJNA is a realistic, viable investment as it stands.
Sell the hype. Always take profits. Consume information wisely.
... MARKET CAP WIPEOUT ...
Medical Marijuan Inc. was riding the MARIJUANA wave last year, but wiped out and BROKE IT'S NECK and now is on LIFE SUPPORT only being kept alive by TOXIC LITIGATION according to State documents. Tellingly, the IMMINENT revenue that were in the bag unfortunately left Medical Marijuana Inc. marketeers HOLDING THE BAG with the NOVELTY revenues FOR ENTERTAINMENT PURPOSES ONLY except for the EXTREMELY large cash burden that will likely increase the Unknown DEFICIT upwards of $50,000,000 if the Financials are reported by Q1 2015 sadly.
Okay...Is that it?
Out of all that was said...Anything else on the list wrong?
6 Months Not That Long Ago...
Doc,
You out of, well you know the gang, seem to be the brightest. With all the constant "Shady" to say the least activities, why are you so confident with MJNA...
DTC Chills = NOT GOOD
Non SEC Filing = NOT GOOD
Not Paying Debts and Witholding this Lawsuit from Shareholders = NOT GOOD
Also, the Leadership...Not seeing who they put in charge Ex CEO Fraud King
Michelle Sides...Barred from Practicing Law...
Don't Understand where the LOVE and Confidence in this Company Comes From...
Does Anyone Remember the DTC Chill?
The reality is that microcap issuers lose DTC’s services for two primary reasons, illegal issuances of free trading securities based upon flawed tradabililty opinions and fraudulent investor relations activity. It should come as no surprise to microcap management that DTC reviews their issuances of free trading shares since these are the securities that DTC holds in its depository, under its nominee name CEDE & Co.
DTC has several options when concerned about the eligibility status of a newly eligible security, or detects fraudulent activity. These include limiting or suspending its services for the security. DTC may also make referrals to the enforcement division of the SEC.
When DTC eligibility is lost, issuers will often tell their stockholders, they have no idea what happened. Since only the company can direct its transfer agent to issue free trading shares, most often it knows exactly why DTC limited or suspended its services. Many officers and directors of microcap companies are facing the harsh reality that reliance upon a legal opinion will not provide them with an effective defense to securities violations.
RED FLAGS....RED FLAGS...
MJNA Just Can't Stay Out of Trouble...
Whoever is placing their money in MJNA is JUST GAMBLING!!! Plain and Simple...No other Explanation...
MJNA SEC HALT COMING SOON TO A THEATRE NEAR YOU!!!
Institutions that own MJNA
Name Shares Held% Shares Out Change In Shares % of Assets As of Date
Central Trust & Investment Co. 90,000 0.01% 0 0.00% 09/30/14
Private Asset Management, Inc. 33,300 0.00% 0 0.00% 09/30/14
Fulton Financial Advisors NA 26,000 0.00% 0 0.00% 09/30/14
M Holdings Securities, Inc. 15,000 0.00% 0 0.00% 09/30/14
Destination Wealth Management 10,500 0.00% 0 0.00% 09/30/14
Joel Isaacson & Co. LLC 5,000 0.00% 0.00% 09/30/14
BBK Capital Partners LLC 1,000 0.00% 0 0.00% 09/30/14
Atlas Brown, Inc. 0 5,000 0.00% -18,000 0.00% 09/30/14
Summary: We have 8 Mutual Funds that own a total dollar value of $23,400 worth of stock...
Follow the Big Money Boys...Follow the Big Money...
Looks like MJNA have the coffers open...LOL...
If the Leaders of this Board say "FOLLOW SMART MONEY" Guess What? There is None here...
MJNA will NEVER have the SMART MONEY Investments...NEVER....
SEC Halt SOON!!!
LOL...Good Rebuttal...
MJNA-I "wonder" if MJNA knows how to spell HALTED....LOL...
Wrong Side of the Road...
MJNA going down...
Too Bad...SEC Will Halt MJNA SOON...
It is a shame that a company has been around so long and still do not feel the need to be open and honest with their dedicated shareholders...
Not all shareholders will keep their patience with these dishonest and unprofessional and irresponsible behaviors...
Marijuana Companies will be coming out of the woodworks and poor MJNA will be sitting on 1 Billion shares, if there are not any more debts that need to be settled, Full of Bag Holding Wishful Thinking Investors...
Too Bad, It was a Nice Run but all things Sub Par must be trampled on...
MJNA is NOT the Leader in Cannabis Innovation.
MJNA is NOT striving to be Uplisted.
MJNA is NOT trying to stay with the Federal Gov't softening of MJ Laws...
MJNA is NOT being open and honest with its shareholders or the marketplace.
MJNA is NOT paying their Debts...Hmmmmmmm....Why? Maybe They DO NOT HAVE REVENUES...MAYBE THEY ARE LYING...This is what SCAM, PUMP & DUMP Co...Do...
MJNA is a Lost Cause...
... LPR THE PENNY STOCK JOCK ...
OTC marijuana stocks, including Medical Marijuana (MJNA), As the SEC warns:
Fraudsters often exploit the latest innovation, technology, product, or growth industry – in this case, marijuana – to lure investors with the promise of high returns. Also, for marijuana-related companies that are not required to report with the SEC, investors may have limited information about the company’s management, products, services, and finances. When publicly-available information is scarce, fraudsters can more easily spread false information about a company, making profits for themselves while creating losses for unsuspecting investors.
The bottom line is that these are OTC stocks with little or no publicly available, audited information. OTC stocks are also a playground for pump-and-dump con artists. Why would you take the risk of having your entire position stolen by a criminal?
...PENNY STOCK JOCK ...
Never ignore EXTREMELY valuable information by sources who are trying to save MJNA BELIEVERS from learning an expensive lesson about how penny stock jocks scam the markets. MJNA has already been significantly exposed, but in the YEAR OF THE SHEEP expect to see MJNA thoroughly debriefed and EXPOSED as even BIGGER a scam than the Natural-Born Capital Killer report shared with the world. FINRA tried to warn folks and so have many other folks including hedge funds with deep pockets tellingly. I anticipate MJNA plummeting significantly lower in the coming days and weeks as the wolves move in to position.
Answer...Terra Tech TRTC is One...
Terra Tech have filed through the SEC from the Beginning...As a matter of fact the SEC just gave TRTC the ability to issue 30 Million Shares Specifically to Build Out Marijuana Cultivation, Production and Dispensaries in Las Vegas NV...
The First Federal Institution to give an American Company this right...
These are the benefits of years of compliance with the SEC...
TRTC, to answer your question is not Scared to File through the SEC...
Thanks for Asking...
So True...MJNA INVESTORS are Warned...