Americann Inc (ACAN)

[diduknow]

Problem with this co is in interrelationships between the CFO and his other companies. He owns the building. The asset. He also gets cheap warrants all the time thru his other company and high interest rates are charged to ACAN. The other asset is encumbered in Co. A withdrawn reg statement show 4M plus shares willing to be sold. The shares are now eligible to be sold and although nowhere near the previous prices, most if not all are still profitable. In addition, they are apparently in the process of diluting further with a newly minted CO company buying discounted shares to sell into the market. The float is soaring so to speak. They are not going to be ready for a perfect launch as they do not have cash until these new shares under the financing arrangement are registered. Of course, it appears one selling shareholder under the withdrawn reg statement willing to sell previously is now the same person willing to privately IPO you and dilute further. Basically you have too many insiders or interrelationships that want to sell shares for either a quick profit or to finance a company who is likely to be diluted 50%, at least, to get it going. The market cap now is far too high for such a scenario but then again, investors are stupid at times and still make money.