Medical Marijuana Inc (MJNA)

[palmspringsbum]

Reverse merger:

It sounds interesting that they are saying that HDDC will hold a controlling stake of the shares, yet will be considered a subsidiary of MMI. Not sure if I understand that?

I'm guessing they'll try to double the authorized shares from 300M to 600M.

What percentage is a controlling interest? I don't feel like looking over the share structure, but according to OTC markets it's not that horrible with 246M shares issued and outstanding, and about half of that float at 128M shares.

With that in mind, the maximum controlling interest would probably be about 125M shares and the minimum would be oh ... 5% more than that owned by the largest shareholder.

Well, I see they have a quarterly report out 28 Feb 11, probably a good time to look that over.

And after it loads I see the one OTCMarkets says is 28 Feb 11 is actually for the quarter ending Sep 2010. :(

The marketable securities consist of 200,000,000 common shares of Health Sciences (OTC:HESG) which the company earned from consulting services

Word! (ROFL)