Me: New challenge student, started in October 2016. Haven't touched a trade because I've been binge watching Tim's DVD's like a Netflix addiction. I finally finished watching all of them...yes...I am tired of hearing Tim's sultry voice.  

I know Tim mentioned MJPI in a recent tweet on 12/20...but I didn't know that until I searched the ticker and Tim's name...I should have known he finds everything, BUT before I knew that I found it and did extensive research like I saw the Reaper do in the SEC DVD and for practice I'm blogging about it.

$MJPI is a blatant pump and dump, up from $0.25 to over $4 and is following the pennystocking framework perfectly on a pennystockexperts pump. I saw an email to buy this stock in my spam mail account and decided to do some SEC digging.

SEC Filing Issues

1) 10-K filing shows no cash, shareholder's deficit, prior to November 30th there are no employees but two "directors" who live in China but have 300 sf office in Canada for their executives (the two directors) and their business carries no inventory. One is "Director, secretary, and treasurer"...the other is "CEO and Director"

2) They state their company is in the "development stage", yet they plan to spend $0 on research and development. Instead their plan is to increase marketing through May 2017.

3) Disclosure controls are stated to be "ineffective" -(see Michael Goode go over this in the SEC DVD)-bad sign

4) Conflict of interest: the two directors are NOT obligated to commit full time attention to the business. No code of ethics to require disclosure. No audit committee. 

5) Nov 1st: MJPI owns Energy alliance who buys HEAL which causes a complete change in their business from LED lights to green energy. HEAL makes all the money for the company....HEAL is run by one guy working part time 15 hours a week from his home office and he is not under any contract to stay with the company. I can't make this up, it's all in the filing. 

6) Nov 30th they fire the 2 directors and hire other people to promote their brand. New Chinese CEO is also the CFO. 

7) Impaired marketable security expense noted

Hemorrhaging cash, many red flags, and spending money on marketing instead of R&D...beautiful. The dump is coming, just waiting for the chart to breakdown.  ALFSS

I'm not trading this stock and haven't even looked if shares are available to short.  I don't plan to trade until I'm coming up with the similar stocks/plans as Tim and others faster. I was happy finding this ticker, several days later than Tim, and was able to apply some of my learning to the SEC filings. 

At this time I have a brokerage account with Etrade and just started playing with their pro platform (they're offering 60 day free trials if you call and ask). If anyone has a suggestion on a different platform please msg me! 

Happy New Year!