.01-$1 stocks trading above 50 day ma on volume breakout

[sleekscape]

MJTK ABOUT TO RUN FROM .01 to .03-.05 THIS WEEK

Here is what we have to look forward to during the final 2 weeks in August, and why my price target is $.03-$.05 in August...

THE DEBT IS GONE, EVIDENCE HERE...

Here is some actual DD and why MJTK will go a lot higher when they file their Q2 10Q this week.

In their Q1 10Q, they listed 332k in convertible debt.

See page 12:
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=11404229

I believe 100% of this debt has already been converted during last quarter, because the price bottomed out at .004 and everybody who had not already converted before then certainly did at that time.

That would leave MJTK with zero debt, which means no additional shares would be issued anytime soon.

However, since that 10Q has been filed, they have filed several 8ks so let's take a look at those:

http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=11504717
On 7/12, Adar Bays funded $20,000 at a price of .002
Why did MJTK give them such a good deal on the stock price?
To take away any incentive to short the stock down to convert at a lower price than 50% of .01-.015, the trading range MJTK has maintained for the past 2 months -- this was a brilliant move on the part of the CEO.
They have not converted this note because the share count has remained at 66M for the past 6 weeks.
So why haven't they converted yet?
The only explanation is because they believe they will be able to sell for more than .015, the top of the current trading range.

They also agreed to fund another $15,000 in the future but this note has not been converted because they haven't even filed a preliminary information statement, which is required in order to finalize the deal.
MJTK can always decide not to fund it if they can get funding on better terms,
In fact, I think they did decide not to fund it because just 8 days later on 7/20 they filed for THE BEST FUNDING THEY HAVE EVER GOTTEN IN THE PAST 12 MONTHS.

Here is what they pulled off on 7/20:
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=11506002
On July 20, 2016, CannaSys, Inc., entered into a Securities Purchase Agreement with Auctus Fund, LLC, a Delaware limited liability company ("Auctus"), and executed a Convertible Promissory Note in favor of Auctus, in the principal amount of $45,750. Auctus funded the consideration of $40,000 under the note on July 22, 2016, less $5,750, which was retained by Auctus for due diligence and legal expenses related to the transaction.
The note is unsecured, accrues interest at 10% per annum, and is due and payable on April 20, 2017. The outstanding amount due on the note is convertible into RESTRICTED SHARES of CannaSys common stock after July 20, 2016, at Auctus's sole discretion, at the conversion price of 55% of the lowest sale price for the common stock during the 25 consecutive trading days immediately preceding the conversion date. The securities represented by the note were issued in reliance on the exemption from registration provided in Section 4(a)(2) of the Securities Act of 1933, as amended, for transactions not involving any public offering. Auctus is an "accredited investor" as defined in Rule 501(a) of Regulation D. Auctus confirmed the foregoing and acknowledged, in writing, that the securities must be acquired and held for investment. All certificates evidencing the shares of common stock on conversion of the note, if any, will bear a restrictive legend No underwriter participated in the offer and sale of these securities, and no commission or other remuneration was paid or given directly or indirectly in connection therewith.

In addition, they are not allowed to hold more than 4.99% of the stock at any one time, which is 3.3M.
Since they aren't allowed to sell for 6 months, the most they can convert until 1/20/17 is only 3.3M
And they have not converted, because the share count has remained at 66M.
If they do convert, it would take the share count up to 69M.

So in summary, MJTK's most recent financing was on the best terms it has ever gotten.
Why would that be?
Because MJTK has a lot more leverage now that all of the $330k in debt that existed before 3/31/16 has already been CONVERTED and the stock price bottomed out at .004 and has traded in a range btwn .01-.015 for the last 6 weeks.
Not only has MJTK managed to remain in a tight trading range for the past 6 weeks, but it has done so during the summer trading doldrums, when many OTC stocks go down.
And MJTK has managed to trade in this range on no news.
In addition, MJTK has been noticed by the market, as it has routinely traded $20k-$40k in dollar volume during July.
Remember, MJTK was a dead stock before May/June/July, before all the convertible debt was converted into shares and sold.
The financiers obviously believe that the stock price is going higher; otherwise, they wouldn't have agreed to the most recent deal, which limits their ability to make any money on the financing until 1/20/17.
The financiers almost never lose money on any of these deals, so they are confident that MJTK will be around and thriving in January 2017
All previous financing deals were not restricted, so the financiers were able to convert immediately and flood the market with shares.
This financing deal is very different and shows a great amount of confidence in MJTK by the financiers.

MJTK is due to file their Q2 10Q this week.
It will show exactly what I have described above, that their debt has been reduced from $330k down to $0.
However, they have accrued $65k in debt since Q2 ended, so in the subsequent events section, it will show their total debt as of today to be $65k

MJTK will surely release a series of press releases after they file their quarterly, just like they did after they filed their last quarterly.
They surely want the market to see how little debt they now have before putting out good news.
This is why they have not released any news recently -- it would have been a huge mistake because they were able to maintain the .01-.015 trading range without any news and also because the news will have a much bigger effect now that investors will see that almost all of the debt is gone.
In addition, they wanted the financiers to sell as many of their shares as possible before putting out any news so that when the news is released, there will be a lot less selling pressure.

I am looking for .03-.05 within next 2 weeks with the 2nd quarter report and press releases that follow it.
I am looking for $.25-$1 in Nov/Dec during the MJ Nov election stock mania

Real DD should always be done.
Real DD matters.

MJTK