For your information
Here is a response I received from Mr. Perlowin of MJNA in regard to that poster imdave's post about the big tobacco entering the MMJ market. I included both my email to him as well as hihs reaction....
All responses welcome.
From: Bruce Perlowin (bruce@medicalmarijuanainc.com)
Sent: Tue 12/15/09 7:31 AM
To: )
90% of what that email says is what we call “urban legend” or to put it bluntly – pure nonsense. Run it to ground and you’ll find no truth in these claims. I used to believe these stories myself – they sound logical, however they are all pure fantasy and even if they were all true – the opportunities in this industry go way beyond what anyone has any idea of – just the spin off and peripheral industries are huge. Next year will show some incredible results in expanded areas of the medical marijuana industry especially in areas most people don’t recognize today. Thanks, Bruce
From:
Sent: Sunday, December 13, 2009 7:16 AM
To: bruce@medicalmarijuanainc.com
Subject: RE: Inquiry
Mr. P,
Hello again! It's great to hear all of the positive news concerning your operation and potentially HESG's as well. I am writing with a concern that was brought up by a fellow investor and one that I had been considering the very same day and had confirmation of after hearing of another's thoughts on the matter.
Here is the post which again mirrors my own thoughts regarding how a relatively small operation as yours can compete against big tobacco:
"This is a scam stock. I will explain how and why I know it is. First I am in the tobacco business and whether you wish to believe it or not all three tobacco majors are busy pushing for federal licenses to grow marijuana for research, in fact they already have existing rights and patents to the plant. In addition to them, every foreign global tobacco company has inquired about growing and having an exemption from customs to import cheaper pot. The price of marijuana is estimated to drop by 50% on the announcement of the rescheduling to Schedule II. Within one year it is estimated to drop four-fold to an average price per ounce of $25.00 RETAIL. You can kiss your imaginary profits from regulated and inflated illegal marijuana goodbye. That is a $375.00 per ounce drop in price in one year. Or in other words ZERO profit potential left. I know several owners of collectives and co-op growers even illegal syndicate-members growing pot that all understand rescheduling will make growing pot for a profit an nonviable business, believe it or not some of these people are even contacting tobacco majors about their plans and operations. Retail sales will also be going away. Once marijuana is schedule II and the FDA sets regulations it will be sold only be licensed pharmacists. Let me repeat, it will only be sold at pharmacies and through federal channels. All of this is already well underway, four major drug companies are presently competing for the rights to grow pot. The DEA will be tasked with shutting down co-ops and clinics that do not comply with the federal rules. Say goodbye to the dream of recreational and legal pot smoking it is already over. Many States have existing felony possession charges w=for carrying a schedule II class drug without a prescription so simple pot possession will be a felony soon. Do not trust me, PLEASE contact anyone in the drug manufacturing business, FDA or tobacco business. become public."
So Mr. P,
I included your last response to me in this correspondence to underscore your comment about truth being the best policy in all situations. I am truly hoping that you can offer me (and the people who have invested in both your and Mr. Gaffney's companies) some response that will satisfy the serious questions that arise given this new information.
I am not implying that your quest is a scam in any way (as the poster was doing whose post I included here), but you can see how this information now put out to the masses will have in my opinion a very negative impact on share price.
Again, thank you for taking the time and I am looking forward to your response which I can then disseminate to the masses to hopefully quell any concerns that many now have.
Enjoy the day,
