Medical Marijuana Inc (MJNA)

[kevindenver]

Next round of major dilution starting October 23... Don't buy now!

Buy the cheapies, and they may be really cheap as MJNA is in default on their notes as documented in the last 10-Q: http://www.otcmarkets.com/stock/TRTC/filings

Here's your sign....

Short term notes payable of $2,108,692 consists of; (i) $1,835,166 representing the current
portion of a convertible note, which includes interest accrued thereon. The note is convertible at
the holder’s option, any time after October 23, 2015, at a conversion price equal to the lesser of
70% of the average of the three (3) lowest closing bid prices in the 20-days prior to conversion
or the price for which the Company has issued shares to any party other than the lender

In the period ending June 30, 2015 the Company received a notice of
default and lender’s intention to foreclose on the collateral shares as a result of the fact that the
shares had declined in value below the minimum required under the agreements related to the
note. (see also Footnote 6 –“Notes Payable – Long Term”); and (ii) a note payable totaling
$183,526, which includes interest accrued thereon.

MJNA is heading sub-penny IMO when you factor in the long tern notes too. Above is only short term damage....