sunserve wrote: As a previous shareholder (many years ago)
who had to Average Down & Out - to avoid Loss,
I still check up on Boris & his Band of Bandits.
with whom I am completely disgusted,
I will continue to post the MMJ Horrible Financial Facts
re. this swindle, & their methods of "con-operation".
In my unprofessional opinion these scammers
should have been shut down long ago.
Here again is the overall performance of MMJ since inception
which is a Disreputable, Criminal (yet legalized) Performance.
To answer the question regarding Cash on Hand -
ZERO They cannot pay their accounts payable (payments are being
made by handing out new shares) both to accounts payable
& to themselves ! BACKGROUND:
Upon inception in
2008, Matica was named Cadman Resources
which was, a Capital Pool / Start-up "Fundraising" agency.
(
primarily paying themselves - management & friends
- expenses / fees / stock options / etc.)
Since then, MMJ has been involved in various so called
"business" ventures, which have produced the following
Financial Records of complete Disaster
(with no sales / products / assets / etc.)
What business are they Supposedly in Now ? From SEDAR Files of the past 4.5 years
(which are increasingly & cummulatively Worse each year)
Average # Com.Shares /Share Capital / Accum DEFICIT
(raised) (expensed) 2012 11,307,404 1,418,514 (1,450,721)
2013 23,015,587 2,089,574 (2,419,336)
2014 42,578,083 4,611,612 (4,253,931)
2015 82,726,858 6,664,368 (7,087,246)
2016 119,415,024 7,109,961 (7,635,251)
(Sept. 30/16)
Latest Record of
Shares Issued (Nov.24/16):
139,691,691 Summary:
This company & it's management have spent / mis-spent / mislaid
misplaced / misappropriated every shareholder dollar & more.
with
NOTHING to SHOW - for these "Expenses".
(for
$7.6 MILLION vaporized to
Sept.30/16 !
( Wait for the Year end Files !
How's that for an
Un-Accountable Expense Account !