So I take it you are not pleased with Mr. Llamas at the helm. Mr. Llamas colorful past and questionable ethic is of concern. The good news is that Michael's quest to rule the world requires that he takes some good people with him along the way. This trip we are on is a regulated trip. It means that Big Brother and Uncle Sam are watching and waiting for mistakes, especially in this sector. Mr. Llamas is taking care of Mr. Llamas by owning the intellectual property and controlling HDDC dba Cannabank. This keeps him happy and at bay. This allows for Ms. Friedman and other young smart professionals to handle the workings and the scrutiny of the publically owned company which, by the way, he needs to implement his strategy.
I do not really understand why Perlowin wanted to go back to being an MLM guy, but I guess that is what blows his skirt up. Mr. Llamas has money and he stepped in when Perolwin and Steinberg either stepped out or stepped aside.
Either way, it is a new day under Llamas. He seems to have the vision, ability, money, connections and whatever else to get a multi-line of business model going.
I think it is so funny that people think PR is there to do something to the stock price. PR is simply communication. Sometimes it works out and sometimes it doesn't. In the world of start up companies, who gets it right the first time? If it is so easy, why isn't everyone sitting here trading getting off their duffs and doing it? Armchair critics rule in this OTC den of crap. The OTC is nasty and for most the only option at getting a competetive start. But that is a different conversation.
Back to Mr. Llamas and MJNA. I have no measure other than revenue to gauge results at this level. MJNA has certainly marked time by reporting increasing revenues. They have kept moving forward earning money even when it has come from different ventures then their PRs have stated.
As a company it is not afraid to keep going. They have so many lines of business that, naturally, their ramp up time is going to be longer. The folks over at CBIS need to truly enjoy this moment in time, because they are going to go through growing pains in the near future and these shareholders will flee. MJNA is never going to have the "sex appeal" that CBIS has because it has no time for it. It simply keeps it head down working toward making money through any and every avenue that opens up.
They have their stated avenues and the news comes out across the avenues/lines of business. The perception is that the timeline is moving slowly. And this is rightly so, since it is really about 8 or 9 companies moving forward in concert under one roof. Investors show immaturity and impatience in this arena. I do not endorse any other entity the way I do MJNA. I saw their vision long ago and I wanted them to succeed. They and every other company in this sector remain fragile as they are start ups. They have the "right place-right time factor" working for them and money will come to them and has been coming to them as you can see on their financials and in their PRs.
I do not know about you, but I sure like a company that likes to make money and shows its ability by posting financials. They need to take their game to the level and have the financials audited. Audited financials are raw and scary. I am sure that Mr. Llamas is not looking forward to the experience. The only reason I say that is if you read the 4th Q financials, there is a note about Cannabank being more regulated and transparent. We will see how that works out.
Sometimes, there are side effects to wanting to go big. There is always the opportunity to transform past indescretions into strengths. Perhaps, Mr. Llamas ethic will be transformed by virtue of being in this business. One can certainly hope. I am not one to hope to much in business. I would rather watch for signs of selfish interests that would tear apart a company. Things like dilution and creating value only for himself and none for the shareholders would top my list. I have even been surprised lately as I was sure "his true colors" would come out and he would dilute. But that is not happening...so I remain optimistic and happy to be long.
Hope this tirade makes sense. It is pretty late to be pontificating coherently. Let me know what you think and what your concerns are.
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