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Sleek/others - If you are still following MJTK, do you have any thoughts/comments ? I understand months of no update/PR, detour re: AFN acquisition, CEO change -- but 1) Debt cleaned up 2) Citizen Toke launch/revenue coming.Thanks.
MJTK -
- New CEO: Patrick Burke joined CannaSys as COO in November 2016 and has been assisting in the continued development and potential integration of Citizen Toke with distribution relationships during the last several months.
- MJTK will aggressively focus on driving results with Citizen Toke
- Patrick Burke: I am excited to accelerate the commercialization of this product, as we know there is already significant demand in the marketplace.
- Did Michael Tew try and take MJTK in a direction with AFN deal that wasn’t going to work for MJTK ?
- Is strategic shift just back to the original plan/focus on launch of Citizen Toke ?
I believe Sleek was positive on Michael Tew - except on keeping shareholders/market updated/informed. In the last two PRs MJTK has stated: CannaSys will provide timely updates to shareholders as they occur. Perhaps they understand the importance of this now ?
I agree with Sleek. MJTK wanted news. At least we know the status of the AFN deal. MJTK did not pop when AFN acquisition intent was announced on March-30. Is today's sell-off more about lack of MJTK news/PR/update ?
There are a lot of players already in the digital payment space. I trust Michael Tew knows what he's doing on this. I'd like to see MJTK update about plan to accelerate rollout of Citizen Toke. Launch = revenue generation.
One question: Is Kodiak still holding 72M shares ?
PR : "Competition for financial solutions serving the cannabis industry is increasing every day and the cost of competing is becoming prohibitive, noted Michael Tew, CannaSys CEO. Going forward, we plan to accelerate our rollout of Citizen Toke, a product that has proven demand, a motivated development and marketing team, and tremendous scalability. We will provide timely updates to shareholders on this plan in the coming days."
I wonder: With AFN acquisition, is Michael Tew repositioning MJTK from: Tech/marketing company in marijuana sector to: Digital payment company in the marijuana space AND in other untapped markets (i.e. marijuana space key, but just one slice of the pie) ?
MJTK (IMO):
- waiting for news -- any day now ?
- AFN acquisition close/new company name
- Citizen Toke launch = start of revenue generation ?
- eXPO launch
- Shareholder Letter ? Conference Call ?
- debt-free
- when Sleek recommended MJTK in January, AFN/eXPO wasn’t even in the mix
- way undervalued
- Kodiak holding 72M-shares/$3M Line of Credit
- MJTK is in the emerging growth Marijuana space
Thanks, Sleek.
Sleek: Thoughts on MJTK action today ? Thanks.
Sleek and others: MJTK action this morning 25.9M shares traded so far. Is this related to AFN acquisition close ? Gap fill ? Thoughts ? Seems like someone wanted at .0030-ish. Thanks.
There is very good news in the March-30 Press Release:
- On February 12, 2017, CannaSys solidified its commitment to closing the transaction with a direct investment in AFN.
- "I could not be more excited about AFN's core products, its management team, and its exponential growth prospects across multiple industries," commented CannaSys CEO, Michael Tew.
I believe update/PR/more news soon.
Thanks for the MJTK update, Sleek.
My two cents only: MJTK shareholders have been waiting for news the past few months. AFN acquisition announced on March-30, but I don't think the market understands the potential of this deal. Forbes article mentioned the importance of fintechs for the MJ sector. When Sleek recommended MJTK, AFN/eXPO wasn't even in the mix. AFN/eXPO acquisition may turn out to be the crown jewel IMO. Sleek wrote that the10K would come. It's out. I am looking forward to the following : News/PRs/shareholder letter/conference call/AFN deal close/launch of Citizen Toke and eXPO.
Thanks for posting this article, Trish, MJTK is very undervalued/mis-priced IMO. Also, AFN/eXPO deal wasn't even part of the story when Sleek first posted MJTK as a SALAMI.
MJTK - I am holding all my shares. I think the selling was mostly traders getting out due to 4/20. There is a lot of potential going forward IMO. Sleek, I am doing a cut & paste below. Hope OK with you. I think you have written that you like to tie stocks to a date/catalyst, but I still consider MJTK (I don't own SIPC so cannot comment) a SALAMI !
A SALAMI stock is an undiscovered gem with tremendous upside and the potential to vastly outgain fellow stocks in the same sector. SALAMI stocks are identified by reverse engineering the shared specific factors amongst previous huge runners in a given sector through the utilization of statistical analyses, mathematical computer simulations and investor psyche analysis (IPA).
Thanks for posting this interview. Interviewer after listening to Michael Tew discuss eXPO: "I think you're on to something."
Thanks for the update, Sleek. Do you have thoughts on MJTK trading yesterday/today ?
MJTK - I wonder how much of the selling yesterday was 10k-related and how much was MJTK as 2017-2018 play v 4/20 play. A lot of potential going forward IMO.
MJTK 10K out. Next up: Citizen Toke + eXPO update/launch - AFN acquisition close - Shareholder letter - Conference Call ?
MJTK just announced letter of intent for AFN acquisition on March-30 - a pretty big deal IMO. AFN (EXPO) and Citizen Toke. PATIENCE.
Thanks, Sleek. As you have stated from the start: PATIENCE IS KEY IN MJTK. Watching the following:
10K - Shareholder Letter - Conference Call
Michael Tew, CEO - Business Plan/Vision
Launch of Citizen Toke and EXPO (AFN payment app - see recent CannaSys tweet)
Senator Elizabeth Warren (Senate Banking Committee) working on banking access for marijuane industry
MJTK a possible aquisition target down the road ?
Big upside in marijuana sector possible from here
Canada to announce marijuana legislation
Thanks, Sleek.
MJTK -- Break on through to the other side !
Sleek -- Any thoughts on 1) MJTK late filing ? 2) MJTK as a potential acquisition target ? (see article: Better Times Ahead For CannaSys by Alex Carlson 23 January 2017). Thanks.
Cheds, Usually a bullish sign, yes ?
Sleek, Your work is impressive and speaks for itself. Personally, I would not engage with some of these posters. I am watching SIPC. GO, MJTK ! Thanks for everything.
Sleek : To be clear, your SALAMI pick in September-2016 was MCOA (trading at .0046). MCOA Now trading at .07. Correct ?