CannLabs Inc (CANL)

[Chefboy69]

SA article mentions CANL, this guy bashes every pot stock that exists, in the comments people have outed him as a short. Which i concur but regardless here is what he has to say about CannLabs..

" CanLabs, Inc. (OTCQB:CANL) is a Nevada corporation with negative working capital, related party debt and preferred shares with a conversion feature that favors insiders. Again, this capital structure is designed to make sure that insiders reap all of the benefits of any stock price appreciation and it is just too likely that they will sell shares into any rally that they control:

Upon the closing of the Merger, the Company, pursuant to a Securities Purchase Agreement (the "Securities Purchase Agreement") issued to an accredited investor 500,000 shares of the Company's 8% Series A Convertible Preferred Stock (the "Series A Preferred Shares") at an original issue price of $1.00 per share (the "Original Issue Price") and warrants to purchase 20,000,000 shares of the Company's common stock (the "Warrants") for an aggregate purchase price of $500,000."

If you do the math, the warrants on the common stock suggests that it is really only worth about $0.025 per share ($500,000 divided by 20,000,000), but it is trading at more than $0.20 per share. Again, I want the same deal they got. I would not buy and hold this stock."

Here is the link..http://seekingalpha.com/article/2809915-12-marijuana-stocks-for-your-do-not-buy-and-hold-list-part-iii


He even bashes GWP_H..LMAO, obviously wants to make money shorting. I only read SA articles now for entertainment,