These appointments signal continued investment in the Fernie Castle cultural project but do not change the company's fundamental financial distress. Monitor for progress on the Fernie Castle development and any future capital raises or share consolidations. The stock's OTC status and minimal revenue make it highly speculative.
Price Chart
Executive Summary
MDJM LTD appointed a new Chief Knowledge Officer (Chelo Loureiro) and a new director (Duncan Murray Campbell), issuing 80,000 Class A ordinary shares to each as compensation, plus 40,000 shares to existing director Bo Wang. These appointments are part of the company's pivot to a UK-based cultural IP ecosystem centered on the Fernie Castle project, but the company remains a micro-cap OTC stock with minimal revenue and a history of distress.
Key Facts
- Appointed Chelo Loureiro as Chief Knowledge Officer effective June 8, 2026, for a two-year term.
- Appointed Duncan Murray Campbell as director effective June 8, 2026, for a two-year term.
- Issued 80,000 Class A ordinary shares to Loureiro and 80,000 to Campbell as compensation, vesting immediately with a six-month lock-up.
- Issued 40,000 Class A ordinary shares to existing director Bo Wang as compensation.
- Company was suspended from Nasdaq in March 2026 and now trades on OTCQB (UOKAF).
Financial Impact
Total of 200,000 Class A ordinary shares issued as compensation; no cash consideration. The company's 2025 revenue was $89,664 with a net loss of $41,321.
Risk Factors
- Massive share dilution risk given the company's small outstanding share base and history of seeking shareholder approval for share consolidation.
- Company is on OTC market after Nasdaq suspension, limiting liquidity and institutional interest.
- Minimal revenue ($89,664 in 2025) and ongoing net losses provide no fundamental support for valuation.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001104659-26-078554 |
| Document: tm2618494d2_6k.htm | 0001104659-26-078554 |
| Document: tm2618494d2_ex99-1.htm | 0001104659-26-078554 |
| Document: tm2618494d2_ex99-2.htm | 0001104659-26-078554 |
| Document: 0001104659-26-078554-index-headers.html | 0001104659-26-078554 |
| Document: 0001104659-26-078554-index.html | 0001104659-26-078554 |
| Document: 0001104659-26-078554.txt | 0001104659-26-078554 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 2, 2026 7w ago | 6-K | $0.2500 $0.2000 | ▼ −20.00% | ▼ −18.88% | $0.1400 (−44.00%) |
Aug 17, 2026 10w ago | 6-K | $0.3000 $0.2500 | ▲ +16.67% | ▲ +15.68% | $0.1400 (+53.33%) |
Jul 23, 2026 13w ago | 6-K | $0.1400 $0.3180 | ▲ +127.14% | ▲ +123.52% | $0.1400 (+0.00%) |
Jun 29, 2026 17w ago | 6-K | $0.3590 $0.1250 | ▼ −65.18% | ▼ −64.92% | $0.1400 (−61.00%) |
Jun 11, 2026 19w ago | 6-K | $0.3160 $0.1502 | ▼ −52.47% | ▼ −53.73% | $0.1400 (−55.70%) |
May 27, 2026 21w ago | 6-K | $0.3500 $0.3588 | ▼ −2.51% | ▼ −5.66% | $0.1400 (+60.00%) |
May 20, 2026 22w ago | 6-K | $0.3310 $0.4300 | ▲ +29.91% | ▲ +29.58% | $0.1400 (−57.70%) |
May 6, 2026 24w ago | 6-K | $0.0550 $0.4230 | ▲ +669.09% | ▲ +665.92% | $0.1400 (+154.55%) |
May 4, 2026 25w ago | 6-K | $0.0550 $0.3940 | ▲ +616.36% | ▲ +612.15% | $0.1400 (+154.55%) |
Apr 22, 2026 26w ago | 6-K | $0.0560 $0.3310 | ▼ −491.07% | ▼ −486.23% | $0.1400 (−150.00%) |
US Market Status
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