Replies to post #182312 on Medical Marijuana Inc (MJNA)

[Clariske]

This is published today?

We will be the winners, no doubt about it! All longs know that of course, they all are waiting for the big climb!!!!

[deafelephant]

But MJNA is a consistent money loser with a history of diluting shareholders. They have plenty of debt including $2.8 million in accounts payable and a $10 million note payable. This financial condition has led to dilution; OS has increased from 523,551,009 shares out back on June, 30, 2011 to current 949,106,848 shares outstanding.

And there will be 100s of millions of more shares to be issued for Kannaway acquisiton of which they are paying $80M in shares.