Medical Marijuana Inc (MJNA)

[conmanwatch]

I want to see documentary evidence that Bruce Perlowin and Don Steinberg really sold their interests in MJNA, and that they have no continuing interst of any kind in MJNA.

Remember, these guys are con men. They are convicted felons.

Remember that Perlowin and Steinberg never created any real value at MJNA. Every business line at MJNA failed. The tax remittance card failed. The technical assistance for start-up dispensariers failed. The expos, symposiums, and workshops all failed. The hemp network failed. And on and on and on.

MJNA never generated one penny of real return for investors, despite all the hype.

Remember, too, Perlowin and Steinberg were masters at deception -- at inexplicitedly folding MJNA into Club Vivanet, then conducting corporate reorganization after corporate reorganization.

These constant reorgs and other similar "shape shifting" are very characteristic of stock swindlers.

But it didn't end there for Perlowin and Steinberg.

What followed the reorgs were stock splits, reverse stock splits, dilution of shares, sales of restricted stock and other Rule 144 violations, warrants and stock splits, special classes of stock, and every other contrivance and conveyance and deception known to stock swindlers.

The SEC has a word for hiding benefical interest or ownership in a publicly traded companies. It's called "parking" securities.

I am currently investigating the possibility that Perlowin and Steinberg are concealing their benefical interest or ownership in MJNA. I am investigating violations of the Posse Comitatus Act (18 USC 1385).

In short, I am a burned investor. And I want to file a class action lawsuit. I'm willing to be the lead defendant.

That was then. This is now. What do I now believe?

I believe that Perlowin and Steinberg are now hiding their ownership interest in the names of other persons associated with MJNA, i.e. "transition" team members, Tobias and others.

I believe MJNA may have, or will soon enter into, contracts or other agreements with new companies or partnerships owned or controlled by Perlowin and Steinberg.

Perlowin and Steinberg may have consulting contracts with MJNA.

They may have been awarded secret stock options or warrants, or a special class of stock.

The possibilities for benefiting from a staged "sale" are endless.

BOTTOM LINE: Con men just don't give up and go away. Perlowin and Steinberg are still hanging around. Their egos don't permit them to give up on a con job. Con men are superior to us suckers, remember?

And from what I hear, Perlowin and Steinberg are also broke. They need the money. Their sales of restricted stock at MJNA got shut down just as they were getting started.

More to the point, the buzz over Perlowin's appearance in the CNBC documentary, "Marijuana Inc." died down. It had to die down. There's no substance to Perlowin. He is all flash, all New Age mumbo jumbo -- all feminist this, and holographic that, and quantum jumping this. Perlowin is like some mutant cross between Oprah and Bernie Madoff, but with ADHD, and on crack cocaine.

But Perlowin tried his best. So did Steinberg, the real brains behind MJNA.

A slick MJNA website, and almost daily, meaningless press releases, and memoranda of understanding with other worthless companies, went only so far for poor Bruce Perlowin and Don Steinberg.

And now it's time for them to reinvent themselves, yet again. What better way than to "sell" the company.

Stay tuned.

Be advised, the SEC and FBI are watching, too.