InvestorsHub Logo
Followers 170
Posts 8965
Boards Moderated 0
Alias Born 01/24/2011

Re: make it happen post# 192628

Thursday, 05/12/2016 11:57:24 AM

Thursday, May 12, 2016 11:57:24 AM

Post# of 238081
No, it's a permanent split.

That text in the PR was designed to put the split in the best light.

The complaint in the lawsuit made it clear that Keber thought that MJNA had serioiusly deficient corporate governance, and that really hasn't changed.

In 2013, Keber somewhat needed cash to grow Dixie, and he thought that stock from MJNA that was promised to fund Red Dice Holdings would help him to do that, but MJNA never paid the stock, so that's why he sued.

The problems in MJNA's corporate governance were laid bare in the complaint, and most still exist now.

Dixie might have needed MJNA three or four years ago, but Dixie is now a successful, privately held company that doesn't need MJNA anymore.

"Soylent Green is people!!!"

Detective Robert Thorn: Telling uncomfortable truths since 2022

DRT is Charleton Heston's character in the 1973 movie, Soylent Green, set in the year 2022, and is not my real name