Interesting choice of paragraphs to share here dadx4. I like some of the other factual points of the article, like...
"Spotting a Potential Scam
Like many investment scams, pitches to invest in potentially fraudulent marijuana-related companies may arrive in a variety of ways—faxes, email or text message invitations to webinars, infomercials, tweets or blog posts. Regardless of how you first hear about them, the offers almost always contain hallmarks of "pump and dump" ploys. Specifically, fraudsters lure investors with aggressive, optimistic—and potentially false and misleading—statements or information designed to create unwarranted demand for shares of a small, thinly traded company with little or no history of financial success (the pump). Once share prices and volumes reach a peak, the cons behind the scam sell off their shares at a profit, leaving investors with worthless stock (the dump).
One company, for example, promoted its move into the medical cannabis space by issuing more than 30 press releases during the first half of 2013. These releases publicized rosy financial prospects and the growth potential of the medical marijuana market. The company was also touted on the Internet through the use of sponsored links, investment profiles and spam email, including one promotional piece claiming the stock "could double its price SOON" and another asserting the stock was "poised to light up the charts!" Yet the company's balance sheet showed only losses, and the company stated elsewhere that it was only beginning to formulate a business plan."
I am personally confident when I say, I KNOW where Mike Shea's background comes from, I know where the company's history lies (in the dirt!), and I know that Mike's business plan is real and holds an exciting REAL future in the marijuana industry. This article is either fairly old or inaccurate as it suggests only 2 states with legal recreational an "almost" 20 states with medical laws in place. Last time I checked the number is over 23 states and I even thought it was around 32. Either way, great article and ALL investors should take heed to finra's warnings. That being said, it is EASY to research the CURRENT GDSM, their business plan, and the future of the company. If one removes the distrust that burned investors have in the pink sheets, one can see GREEN skies ahead and a boat load of GOLD revenues that will be seen here in the near future. I hope we ALL get rich too! GDSM!!
