Replies to post #77445 on North American Cannabis Holdings Inc (USMJ)

[PRmaniac]

OK - USMJ is required to remit 51% of any money they ever make to a 3rd party, in the form of a quarterly dividend, which means little or no money left to reinvest in USMJ, no dividends to shareholders, and the fact that most of the revenue goes to create a divie to a 3rd party.

Read the last page of their finacials:

• 100,000 shares were designated as Series D Preferred Stock.
• Holders of the Series D Preferred Stock will be entitled to receive $1.00 per
share of Series D Preferred Stock, prior to any distribution to holders of
common stock, in the event of any liquidation, dissolution or winding up of
the Company.
• Holders of Series D Preferred Stock will be entitled to receive dividends in
the amount of 51% of net income, payable quarterly.
• Holders of Series D Preferred Stock will own 51% of the voting power of
the shareholders of the Company.