Replies to post #72924 on North American Cannabis Holdings Inc (USMJ)

[PRmaniac]

ACI has not come in with anything. They are just getting the special 51% voting control shares, which USMJ finally was forced to admit.

USMJ did speak of a funding commitment, but also say it was to be financed based on value of some obscure real estate somewhere.

We know USMJ leases everything and does not appear to have tangible real estate assets.

We also know that any financing they do is by toxic financing with dilutive shares or other notes.

It is not clear why any company would lend them money, when they are in default on notes they currently owe.

Now we find that the preferred shares take 50% of any net income off the table (in the form of quarterly dividend to the preferred shareholder), so half of any net income never goes back into the company.