Infitialis Research Collective - Report on Medical Marijuana Inc. (MJNA)
Chronically Criminal: Shielding thePublic From MJNA
Infitialis is a research collective that exposes fraud and folly in an effort to identify bubblesbefore they implode and our track record of success speaks for itself. In this report, we will beexposing fraud heaped on top of folly.
Infitialis Track Record of Exposing Fraud and Folly is Unmatched
Medical Marijuana, Inc.
“ or the “Company”)( MJNA) is a
penny stockcompany run by criminals and alleged fraudsters. While medical marijuana may be a growingbusiness opportunity in selected states, there is no place for blatant stock fraud in the UnitedStates capital markets and
we strongly believe the intrinsic value of MJNA
is $0.00/sharedue to the significant malfeasance discussed below.
In this report, we will discuss how MJNA listed on the OTC Markets (formerly known as the pinksheets) under a weird, but quasi-legal, exemption known as "Unsolicited Quotation" wherebyshares only trade by appointment of retail order flow. In other words,
there is no active marketfor the issuer
s securities and on a whim all bids/offers can instantaneously vanish
,leading to choppy trading and large valuation swings. Despite our extensive market experience,this is the first time we have ever run into this type of security with a >$100mm market valuation,let alone a $355mm market valuation. Moreover, based on our discussions with securitiescounsel, the SEC has all but done away with these types of companies save for a select few likeMedical Marijuana that have somehow so far escaped the eyes of the regulators. Adding insult to injury, because MJNA is a non-SEC reporting issuer, it has almost no realobligations to its shareholders. Here are a few examples of what MJNA can get away with that99.9% of public companies cannot: