Medicine Man Technologies Inc (SHWZ)

[StevenRisk]

A couple of thoughts here which again is not what shareholders want to hear but let me again repeat this 1) management (Dye's Group) just got 5 million shares of preferred stock so it must be a great deal if they are buying. My answer: why the hell wouldn't they as they get 5 million shares when they convert for $1.20 a share plus 8% interest and options for I believe up to 5 yrs. The PPS could go no where abd they are up 100% immediately. I realize these are from Dec.

To someone looking to buy stock even though management financed this deal it would appear to be insider enrichment. My answer: Without their financing there would be no company.

2) Really would like Hoop or a few old timers chime in here. While insider ownership is so high this is a deterrent for insitutional investors. We currently stand at 35% insiders and if/when these preferred shares get converted this is well over 75% IMO and as these guys eventually wabt to cash out this really puts a cap here. Wondering if that is why Joe Gnomes reduced their holdings by 25% last Q. To much insider holdings could hurt the upward potential.

The positives is 1)we are growing like a week. Purplebee's revenue increased 300%. 2)Another positive I really like is the fact that 250Mil authorized and with no further insider financed deals many more shares will be allotted and lower the insider percentage holdings. I believe the selling has been because of issues I have mentioned.3) Speculation the acquisitions aren't happening is total crap IMO. 4)Revenues at $115 Mil still puts us at P/S of 2:1 even on a fully diluted basis including preferred with the industry currently at 6-8:1 which is still incredible value.

I will call the bottom today at $2.26 and still believe this is a strong buy under $3 with FV at $5. Obviously with great management and a story to tell we are going higher. In the fact that we go lower which I doubt I will be adding heavily.