Replies to post #120629 on Medical Marijuana Inc (MJNA)

[WhirledBeet]

From SEC website:

" This Form must be filed with the SEC by an affiliate of the issuer as a notice of the proposed sale of securities in reliance on Rule 144, when the amount to be sold under Rule 144 by the affiliate during any three-month period exceeds 5,000 shares or units or has an aggregate sales price in excess of $50,000. A person filing a Form 144 must have a bona fide intention to sell the securities referred to in the Form within a reasonable time after the filing of the Form."

I read that as you have 90 days to sell the shares you have registered to sell with Form 144.

I'll ask again...Why register to sell shares with a Form 144 (bona fide intention to sell is required) if there is no intention to sell?

Shares are not worthless if you don't register them with Form 144- they are just unsellable until you do so.

[WhirledBeet]

Also, I believe Accrafael was one that helped bring the fact that Michelle Sides registered to sell shares in the first place. Not a big deal and far from solid ground to bash on.