Medical Marijuana Inc (MJNA)

[Marzoli]

They just GOTTA have those PREFERRED SHARES:
Medical Marijuana, Inc. (OTC: MJNA), the first-ever publicly traded cannabis company in the United States, held its Annual Meeting of Shareholders on November 30, 2018 which was adjourned to December 3, 2018 due to a lack of quorum.

At the re-convened meeting on December 3, 2018, a quorum was met and all five directors of MJNA were reelected to staggered terms. A second proposal, however, still lacks the votes needed for approval. Accordingly, the Annual Meeting of Shareholders was adjourned indefinitely for a second time solely as it relates to the second proposal. This proposal is only approximately 1% short of the vote needed for approval.

Voting remains open. MJNA management urges its shareholders of record at close of business as of November 12, 2018 to vote their shares "FOR" the second proposal.

The matters to be voted on at the meeting, and the method to do so via online, mail or telephone vote are set forth in the Notice of Meeting and Proxy Statement previously sent to its shareholders.
IS THIS LEGAL?? The vote lost and they do this. They never said WTF is going to be done with those shares. Maybe that's why it lost.