Replies to post #35677 on Marijuana Inc (MAJI)

[I-Glow]

What you are suggesting is that Costello has committed more securities fraud by making a deal with the previous owners and not disclosing it - that sounds about right for Costello.

Why do you think the former owners still have 45% of their shares? Because, IMO, the $300,000 was a cash portion of a much larger deal. Those guys are going to get paid down the road. No question it was all arranged in the negotiations.

Arranged in negotiations but not disclosed to the public. SMH!

IG

[e-ore]

Soon enough? It's been 8 weeks since the first 8k was filed, 10 weeks since the deal with the legacy shareholders was signed. 8 weeks to sign up new management. No filings for the banking, procurement and logistics, or exponential growth that's been hinted at in news. Companies have 4 days to file an 8k for "material events." Assuming the new management was hired the same day as the news release (8/23), we'll see an 8k for that this week, Thursday at the latest, sooner if they were hired earlier. If there have been any significant developments since July 1, they aren't any of these in the link below. Or if there have been since July 1, he has neglected to file 8ks for them. Some of the events requiring an 8k

"Completion of Acquisition or Disposition of Assets"
"Entry into a Material Definitive Agreement"
"Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers"
"Regulation FD Disclosure"
"Other Events (The registrant can use this Item to report events that are not specifically called for by Form 8-K, that the registrant considers to be of importance to security holders.)"

"Companies have four business days to file a Form 8-K for the events specified in the items in Sections 1-6 and 9 above. However, if the issuer is furnishing a Form 8-K solely to satisfy its obligations under Regulation FD, then the due date might be earlier."

https://www.sec.gov/fast-answers/answersform8khtm.html