Medical Marijuana Inc (MJNA)

[deafelephant]

Is FINRA also bogus?

"The con artists behind marijuana stock scams may try to entice investors with optimistic and potentially false and misleading information that in turn creates unwarranted demand for shares of small, thinly traded companies that often have little or no history of financial success. The scammers behind these "pump and dump" scams can then sell off their shares, leaving investors with worthless stock."

http://www.finra.org/Newsroom/NewsReleases/2013/P325363

bolded text is my doing:

"Do your research. Search the names of key corporate officials and major stakeholders, as well as the company itself. Proceed with caution if you turn up recent indictments or convictions, investigative articles, corporate name changes or any other information that raises red flags. For example, the CEO of one thinly traded, yet heavily touted, company that purports to be in the medical marijuana business spent nine years in prison for operating one of the largest drug smuggling operations in U.S. history. The former CEO of a similar company was recently indicted for his role in a multi-million dollar mortgage-based Ponzi scheme. Check the Federal Bureau of Prisons Inmate Locator to determine if a solicitation is coming from someone who has served time in a federal prison. Many states also have similar prisoner locator systems."

http://www.finra.org/Investors/ProtectYourself/InvestorAlerts/FraudsAndScams/P325352