Friday, May 08, 2015 11:14:04 PM
at a 25% discount so it's really closer to $100 million dollars worth of shares based on the average closing price for the ten trading days prior to when the deal went through. And all of this is to purchase a MLM company who hasn't been in the black since July of last year and who, at best is slowing the rate that they burn through cash.
But have no fear, even though Kannaway's most robust sprigs of growth are in fact tumble weeds Llamas and Titus will keep pissing money down that sink hole for no other reason, no other reason at all than to try and justify the near billion shares of MJNA they just gifted themselves with. Must be nice to be a soon to be convicted fraudster with your hand so far up the new CEO's ass that he's functionally a sock puppet.
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