MJTK Recent activities 08/03/2016 00:26:20 $MJTK I think

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Aug 3, 2016 at 1:26 AM

MJTK Recent activities 08/03/2016 00:26:20 $MJTK
I think Tew is brilliant and that another filing or press release is coming out tomorrow as a follow up.

Somebody has already mentioned that this is an insurance policy and that is exactly what it is.

The real question is: what is F-Squared giving up to Cannasys in order for them to become the controlling shareholder party?

Will F-Squared be financing Cannasys moving forward, eliminating all of the outstanding convertible notes?

If so, then Cannasys in return is allowing F-Squared to have THE OPTION of doing what they deem best for the stock.

F-Squared has to be giving Cannasys something -- cash, loans, acquisition -- SOMETHING VERY POSITIVE -- otherwise, this filing makes no sense.

Since Cannasys hasn't announced the second part of the equation, today's filing doesn't seem to make any sense, but it will once Cannasys puts out the next filing or press release.

MJTK
What are your thoughts here? You've been here for a while and still haven't taken a profit. I personally believe this has another big run left in it. We will see a lot of MJ tickers boom with the U.S being more progressive with cannabis and especially this one with a tight SS and with most shares being locked down by longs...
Yes exactly. Nothing has changed, no R/S voted on or planned, no A/S change, still just 75 Million Authorized! MJTK ready to run.
MJTK. Short term or long term, Chris?
No matter what. I still wanna have sex with mjtk
I won't be around for that so it does not bother me. These are penny stocks.
Precisely
But if you were on the other side of the table it would look like an insurance policy
You wouldn't.
That's my take, talk of RS and AS increase is the only scare tactic out there, and has yet to happen or any reason to.
This isn't a big deal, at least not right now. You're focusing on the wrong details.
Completely agree, thanks for setting me straight. Was very confused at first. This is actually okay news. Like you said formality should that situation every arise.
They vote the same but they get 50 votes for every share they own. That is so they can do as they wish and commons get screwed with no vote
You don't create Series A shares that become void with an R/S if you are planning on doing an R/S. Nor do you R/S with 75 MM shares.
Why the hell would you convert you shares to preferred just to RS or increase and have them convert right back, doesn't make any sense.
You are probably correct. No R/S planned. You don't R/S with 75 MM in shares and any R/S would immediately wipe out the filing from today.

Can't believe I missed that the first time. Thanks for the help.
The Series A Preferred Stock shall be voted with the common stock as a single class and shall not be entitled to vote as a separate class
That is what it looks like. Wipe out current shareholders with r/s. Raise a/s triggering Preferred conversion for millions of shares. All of this before the elections. Sounds like they are screwing everyone getting this ready to pump it up with any passing ballots. Crooks
Damn, great catch I believe you are right. That makes a TON more sense.

At such time as the Company files an amendment to its articles of incorporation to effect a reverse stock split and increase its authorized shares of the
common stock, so that the Company has a sufficient number of authorized and unissued shares of common stock to permit the conversion of all outstanding shares
of the Series A Preferred Stock into common stock (the "Recapitalization"

, then upon the filing and acceptance of the amendment, THIS NEXT PART IS KEY:

"all the outstanding shares of Series A Preferred Stock will be immediately and automatically convert into shares of common stock without any notice or action required"

Which is in effect saying the amendment they filed today becomes null and void. Which to me, says they are not planning an R/S or increase in A/S because then why file this in the first place. So this could be good news?

What does everyone else think?

Current Report Filing (8-k) "Edgar (US Regulatory)" - 8/2/2016 5:15:16 PM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 7/27/2016 1:35:39 PM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 7/26/2016 4:51:44 PM
CannaSys, Inc. (Other OTC: MJTK) Analyst Coverage Initiated "InvestorsHub NewsWire" - 7/11/2016 8:05:00 AM
Cannabis Attracting Big Business Operators As Multi-Billion Dollar Cannabis/Marijuana Industry Continues To Swell Coral "InvestorsHub NewsWire" - 7/6/2016 8:30:00 AM
Friendable, Inc. (OTC Pink: FDBL) – Exceeds Expectations From Fifth Harmony Music Video Appearance! "InvestorsHub NewsWire" - 6/30/2016 7:00:00 AM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 6/9/2016 11:38:51 AM
Statement of Ownership (sc 13g) "Edgar (US Regulatory)" - 6/8/2016 5:02:52 PM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 6/3/2016 3:19:56 PM
CannaSys, Inc. Begins California Product Expansion with New Dispensary Partnership "InvestorsHub NewsWire" - 5/26/2016 11:30:00 AM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 5/25/2016 5:21:53 PM
Quarterly Report (10-q) "Edgar (US Regulatory)" - 5/23/2016 2:23:47 PM
Notification That Quarterly Report Will Be Submitted Late (nt 10-q) "Edgar (US Regulatory)" - 5/16/2016 4:37:23 PM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 5/13/2016 4:59:24 PM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 5/11/2016 5:30:29 PM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 5/9/2016 4:46:04 PM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 5/5/2016 5:57:59 PM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 5/4/2016 5:31:11 PM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 4/26/2016 4:45:03 PM
Annual Report (10-k) "Edgar (US Regulatory)" - 4/14/2016 12:18:43 PM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 4/5/2016 11:16:14 AM
Notification That Annual Report Will Be Submitted Late (nt 10-k) "Edgar (US Regulatory)" - 3/31/2016 12:25:00 PM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 3/28/2016 3:49:51 PM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 3/25/2016 12:22:40 PM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 2/12/2016 4:03:32 PM

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