Saturday, November 03, 2012 6:34:09 AM
Ed, if your listening, this is information that shareholders should and really do want to know. Additionally, while I understand why a company might want to proceed with caution when entering the medical marijuana sector there are still responsibilities that cannot be ignored simply because there are sensitive underlying issues. If investors could get the information that they are seeking from MJNAs SEC filings I might be less concerned. However, such filings are pretty difficult to come by, for obvious reasons. While I feel that my efforts have been more than diligent, some questions still remain unanswered. I'll start with three and feel sure that others have more.
1. What are the terms of the current agreement with MJNA and it's subsidiaries, Phytosphere and Red Dice especially?
2. How has and will this agreement continue to benefit COIN shareholders?
3. What is the status of Nick Brusatore and his current vertical farming ventures and how does COIN benefit from his ongoing efforts, given the fact that COIN still holds the patents?
In conclusion, if there are active merger or acquisition negotiations, while I would not expect specific terms, I DO expect to be kept somewhat in the loop. The valuation of this company has taken a dive YTD and failing to disclose material information only makes for a less costly takeover target for MJNA or anyone else who might be looking, to the detriment of active shareholders.
I realize that earnings are due sometime soon, but it sure would be nice to hear from the company in some way other than an SEC filing. Yeah, that wasn't exactly the most efficient way to inform shareholders about the disposition of the VRNG shares either.
If I'm way off base, please tell me how and maybe I'll think twice in the future before I give advice on a message board about on running a company and the duty of loyalty to shareholders.
My frustration does not change the fact that and am long COIN and am confident in the future and direction of the company, but it is frustration nevertheless.
Good luck to everyone.
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