Medical Marijuana Inc (MJNA)

[Art Vandeley]

For those who do not know what happened with the A/S.

MJNA recently took out a line of credit and as collateral and backed the LOC with shares of the company. The Shares were only to be collateral in case MJNA used and them and subsequently defaulted on that LOC. Initially, the company increased the A/S to 950 million but later realized and decided that that was not in the shareholders best interest, so the BOD decided to reduce the A/S and use their own personal shares as collateral instead of increasing the A/S and backing them LOC with the "NEW" shares.