Medical Marijuana Inc (MJNA)

[Condor65]

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=95083442

Alan Brochstein Wednesday, 12/18/13 10:28:40 AM
Re: A deleted message
Post # of 176616

I think MJNA could drop to .05. I see support at .08 first. For a while, I backed off and was more constructive, as I thought the product sales could accelerate a lot (which is probably still the case). Unfortunately, the company failed to disclose lots of material information and didn't make any progress on the governance issues that I had hoped would improve.

Will it get to .05? Geez, when you start at 0.35 and it gets to .085, that was pretty close, no? If the SEC suspends trading (MJNA is one of three in the sector where I see this risk), then people will chide my .05 call for being too high!

As I said recently, I hope that MJNA will get its act together. I would prefer to be wrong - best outcome is that MJNA fixes its crap and I can get behind it. Many think I am anti-MJNA or against its products, and that is so far from the truth. In fact, I have written favorably about the products. Unfortunately, a product isn't a company. I was scheduled to actually promote MJNA's promote products, an offer I made a while ago that was accepted and then rejected. If they really cared about the products and helping spread the word, you would think that they would have figured out a way to make it work.

I really expected that Llamas would be back by now. Like him or not (and I do on a personal level), he is the visionary and head honcho here. Unfortunately, his legal situation leaves it such that the company is in quicksand and he isn't able to truly run it from a legal and even practical perspective. The fact that Michelle Sides is the only person still on the Board of Directors or holding an Executive position who hasn't quit or sued MJNA should send anyone running.