Here you'll find the history of changes made to MJNA's share structure in order off occurrence.
The increase was for the lotus capital line of credit. The 2nd increase was for the 15 million dollar Line of credit. The 47 million is for canchew's expansion. All of these share structure increases and decreases are used for company expansion. You make it sound as if they are pocketing the money and giving their shareholders no promising progress.
Also, when new shares are authorized they aren't even in play for 90 days due to rule 144."Rule 144 here"
All my valuations on MJNA are based off the 900 million shares authorized. I'm actually happy that they still have 100 million shares left to raise $35 million of equity to continue to expand.
I'm curious if these are private transactions or are they selling these into the open market. I would be concerned more if these were private transaction being executed at steep discounts. That would be dilution that shareholders should be concerned about.
It's normal for a company to raise equity when expanding. Any real investor should expect it. I don't know why you are surprised or worried. I see this as good news.
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