Replies to post #199 on United Cannabis Corp. (fka CNABQ)

[Frayed Knot]

The question for me is why did United Cannabis decide to do a deal with Hop-on/re-medical, Peter Michaels, when there are so many other legit companies out there doing good business in CO.

It isn't the grand MSFT deal that HPNN signed with them so Michaels could pay royalties, CNAB is not in the phone business.

However, it does appear that Michaels will get to pay some kind of fee to CNAB if he ever sold a product.

BUT then I wonder why was it important for Peter Michaels/HPNN sign with CNAB, it has been stated in his PR's that he already has the technology, patents and the product. So why does HPNN need CNAB? Michaels already has everything.

This latest PR is quite confusing.

[Frayed Knot]

It appears my advice to "wait and see" what happens was a good idea.

I would issue the same advice for awhile. Wait and see what information comes forward about all the players in this "new company"

If a person had bought CNAB yesterday, they would already be in the red. While I can't see into the future, I think it is doubtful this thing will run really quick.

It did run like crazy under the ticker MYSK at the beginning of the year but it doesn't seem reasonable to assume the same thing can happen. This is a completely different company, in a completely different business. Not to mention the background of the guy in charge, Paul Enright, should be looked into.

As most know, the SEC is closely monitoring the cannabis OTC companies which adds to the other reason someone should advance with caution.