Replies to post #141424 on Medical Marijuana Inc (MJNA)

[deafelephant]

Yes she is, hence FOUR 144 forms to register sales of her shares were filed in the past 6 months.


http://www.investorpoint.com/stock/MJNA-Medical+Marijuana+Inc./insider-trades/

[Det_Robert_Thorne]

Not sure what you mean by that, DarthYoda

I know that if Michelle plans to sell shares she's required to file a 144, and the maximum she can sell is 1% of the number of outstanding shares, but I don't know of an SEC rule that requires one to register shares for sale when one doesn't intend to sell them.

If MJNA were a "normal" company when it came to filing, then she, and the other MJNA insiders holding shares, would have to file a Form 3 showing preliminary transactions such as initial ownership, then a Form 4 for any changes from that base number, whether buys, sells, awards, or execution of options.

Please clarify.

[DrSteven]

That means she knows it will probably skyrocket soon. Why file to sell some if you think it is going down. Simple logic. One percent of her stock sale and her anticipating it is going up so she wants to sell a small amount. Sounds smart and a good sign for all investors. MJNA and Dixie are getting major press, working hard, new products, and an expanding market. This will be seen as a good time to have loaded up in the near future.