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Saturday, February 16, 2013 7:04:06 PM
http://seekingalpha.com/article/1187411-chronically-criminal-shielding-the-public-from-medical-marijuana?source=email_rt_article_readmore
After the information we highlighted retail investors should seriously consider exiting this position immediately and speculative investors should consider a short position. We cannot imagine why any investors would sit idle and let their hard earned money be stewarded by the Sides/Llamas Duo. MJNA.PK is, in our view, yet another scheme they have concocted to steal your money.
In closing we leave you with the "Top 5 Reasons to Sell MJNA Immediately" while this stock trades at this temporary valuation:
As an unsolicited issuer MJNA has no active market for its shares meaning that bids or offers can be pulled immediately leading to a potential collapse of the shares.
The so called "Audit" and "Auditor" are in fact not qualified to Audit the company. As such, none of these purported facts and figures should be relied upon.
The company is run and controlled by a 28 year old fraudster with a terrible history of financial crimes and devilish ethics.
As uncovered by our investigation the company and its insiders have engaged in fraud by purposely omitting the background information from the disclosures made on the OTC. This alone could result in a trading halt by regulators.
Llamas owning/controlling $1.5mm worth of MJNA shares on behalf of MJNA is de-facto illegal share distribution. But it also highlights that Llamas is most probably the guy liquidating the hundreds of millions of undisclosed shares too.
New Information: In addition to all this, we discovered today that PhytoSPHERE (PHOT), a direct subsidiary of MJNA, paid $100K in cash to bail Michael Llamas from jail. This was never disclosed as it should have been in the 12/31/"Audit" and is yet another example of fraud perpetrated by MJNA.
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