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Wednesday, April 23, 2014 11:23:18 AM
Actually this is where your basher side comes out. It all balances against the weight of the move. For instance, a few weeks ago the stock hit .0005 and BMAK was the only one holding it back from .0006 on L2. The 30B Reg 1-A filing and new share structure was obvious to all by mid February.
Again, you have to keep in mind the result of diluting the stock and that is cash. This company is now flush with cash. Whether they use it wisely or not is yet to be seen. But there is a reason every MJ stock out there are issuing PRs relating to deals done with stock exclusively. PHOT has done this, FITX has done this, etc. This is because none of them have cash. This is happening for 3 reasons:
1.) They are just starting, and have no revenues
2.) Banks won't lend to business and affiliates related to the MJ market
3.) No major player wants to get involved in this industry because the justice department can change their minds and legally drop the hammer at any time
On one hand you are completely correct, the share structure is horrible. On the other they are now flush with cash and because of that, real results could become a reality, and with that, a decent gain in share price.
Well stated....and THAT is the crux of the situation! Is Andy stuffing the cash in his briefcase again, or is he actually completing the activities he has PR'ed!?! So far the only thing I can verify that he has completed is selling Reg 1-A's and paying to pump the stock in order for the financiers to unload.
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