North American Cannabis Holdings Inc (USMJ)

[PRmaniac]

It is not a buyout. Big dilution dumping now.

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.