North American Cannabis Holdings Inc (USMJ)

[PRmaniac]

Huge blocks being dumped on unsuspecting investors

USMJ may need a reverse split or a share auth raise to around 50 billion shares.

USMJ has not even been able to afford to pay the CEO's salary, since 2014

This dilution nightmare recently increase the share auth to 24 billion shares, which is not enough to allow conversion of their toxic convertibles including the default ones.

LIABILITIES AND STOCKHOLDERS’ DEFICIT
CURRENT LIABILITIES:
Accounts payable – accounting/legal $ 164,118
Accrued consulting fees/salaries 410,000
Total current liabilities 574,118
Interest – reserve 250,000
Advances payable 100,000
Convertible notes payable 481,153
Convertible notes payable – prior related parties 191,250
Convertible promissory note payable #1 47,127
Convertible promissory note payable #2 27,000
Convertible promissory note payable #4 200,000
Notes payable – SR 470,000
Purchase Secured Promissory Note #2 200,000
Purchase Unsecured Promissory Note #3 150,000
TOTAL LIABILITIES 2,690,648