I am happy that all of the dirty laundry has been aired with this stock. Better to do it now while the PPS is low, rather than do it in the middle of, or at the height of a run. The CEO issued himself 100,000 preferred shares because it is his name on all of the leases. Each of those shares equal 10,000 common shares. 100,000 preferred shares, times 10,000 commons, equals 1 billion. Exactly the number that the AS was increased by. What a cowinky dinky!
All of the recent dilution has paid off all of their short term debt. MJMJ is a fully reporting OTCQB stock. The CEO has kept us all updated with very timely filings.
CannaCamp opens on July 1st, just a few days away. We have received massive media exposure from mega outlets like Jimmy Kimmel, The Tonight Show with Jimmy Fallon, and 60 minutes.
We just got an announcement of another Bud & Breakfast opening on July 15th in Colorado Springs.
Dilution is now done, as evidenced by L2 on Friday. Weak hands who were scared of a share increase were selling, and strong hands were soaking up those shares with ease. This board knew of the AS increase on Friday, before noon. The AH 8K is a non-issue, as the increase was already common knowledge.
MJMJ sitting at this low PPS has very little risk, versus a huge reward that we will have when the media is there for our Grand Opening on Wednesday!
