Alternative Energy Partners Inc (AEGY)

[DeDe3]

Worth a re-read:

MaxPowers Friday, 01/24/14 06:14:10 AM

Post # of 106978
I think you misunderstand the point of the announcement; banks can deal with the cash being used by medicinal marijuana dispensaries. Currently these businesses are holding millions in cash they can’t process, all the way from Jan 1st. It’s a big problem. Even local government has been making a case for relaxing banking laws.

Credit Card companies are a different animal. The big two, Visa and Mastercard, have already stated that they will not touch this industry until Federal Law change. I’m sure they would love to, but their lawyers won’t let them. It is too high a potential liability. They are also international entities and may risk losing more than they would gain in the long term.

The business model of PharmaJanes is to become an online access point, connecting people to dispensaries and local co-ops, and helping to arrange easy payments. The payment system PharmaJanes is using is owned by the controlling company. I’m sure it will stick around as an option, but for all we know, by launch they may even accept BitCoin. The Janescard will bolster consumer affinity and mutual benefit, like Amazon’s Visa. But does Amazon only accept their Visa? It’s a business; they will work with the consumer to make payment as easy as possible. I think you are focusing too much on microprints while ignoring the obvious larger implications.

As always, do your own DD and then do what you like. I’m not giving advice.