![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Thursday, May 04, 2017 12:04:52 PM
They are just doing a LOI to get a controlling interest. This is often done by issuing tons of preferred shares, each with super-voting shares that gives the interested entity a "controlling interest". Make sure to look at bylaws on any preferred shares to see if they are "convertible" and if they have a conversion ratio of something like one preferred share = 1,500 or more common shares.
As mentioned before, USMJ doesn't even have enough shares authorized right now to accommodate the toxic notes they currently have on the books.
Fluff press releases like this might help slow down the share price decline do to dilutive dumping, though, which I believe is what the almost daily fluff and stock promotion PR's are intended to do.
FEATURED North Bay Resources Acquires Mt. Vernon Gold Mine, Sierra County, California, with Assays up to 4.8 oz. Au per Ton • Jul 18, 2024 9:00 AM
FEATURED Nightfood Holdings Signs Letter of Intent for All-Stock Acquisition of CarryOutSupplies.com • Jul 17, 2024 1:00 PM
VAYK Expects Revenue from First Airbnb Property Starting from August • VAYK • Jul 18, 2024 9:00 AM
Kona Gold Beverages Reaches Out to Largest Debt Holder for Debt Purchase Negotiation • KGKG • Jul 17, 2024 9:00 AM
Avant Technologies Welcomes Back Former CEO with Eye Toward Future Growth and Expansion • AVAI • Jul 17, 2024 8:00 AM
HealthLynked Expands Telemedicine Nationwide • HLYK • Jul 17, 2024 8:00 AM