Replies to post #22809 on CannaSys Inc. (fka MJTK)

[richme]

Lets see. We are now trading at a lower s/p than we where before the r/s was announced so for me MJTK is way short of producing anything. Some believe that because they bought early post split MJTK is doing wonderfully and it may be for them, so I do not argue that point at all.

Another thing we got now is that we have approximately 800M in the O/S where pre split days we have a modest 66M shares in the O/S with little news to suggest that a r/s was about to be dumped on investors which is exactly what happened and still there is nothing indicate MJTK is better off now than before.

Have to keep in mind that Mr. Tew did not get a 20B A/S because he never expected to use them and use them he must with toxic debt because he has no revenues of consequence or in context of the number of shares currently in the O/S and yes hopefully he'll live to the comment that convertible financing would not be needed..

There has been some testy comments regarding my misunderstanding of the MJTK debt; all think all by 10% of the debt has been settled through conversions. My own position was that we are far from it but fair is fair, I was mistaken.

"On December 22, 2016, the Companys Registration Statement providing for the registration of approximately 57 million shares of the Companys common stock to be purchased and sold by Kodiak Capital Group, LLC, became effective. In that filing, the Company reported $456,094 in convertible notes payable and notes payable of $179,717 as of September 30, 2016.

Since December 2016, CannaSys has retired approximately $140,000 of the notes payable and 90% of all aged (older than six months) convertible notes on its balance sheet, providing significant balance sheet benefit and operating leverage to the business.

Additionally, the Registration Statement provides up to $1,000,000 of liquidity. The Company reported a total capital need of $1,000,000 to fund its operations, including approximately $500,000 for the retirement of convertible debt. The Company is pleased to announce that it no longer requires $500,000 for retirement of debt and can finance its operations through more cost-effective financing."

Anyway since the r/s I have built up my shares to 4.250M shares. Keep in mind that because I do believe in a stock it does not mean that I have given up my right to posts criticize MJTK as see fit.