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Alias Born | 01/24/2011 |
Thursday, October 30, 2014 9:42:36 PM
I know that the chance of MJNA putting out a report on time is the same as my getting a date with Jennifer Lawrence, but when management does finally file it, revenue and income will be underwhelming, while the increase in outstanding shares will surprise people with its magnitude.
What's going on with KannaWay, BTW?
They've had three conference calls between Tuesday and tonight, with yesterday's being announced at the last minute. Tuesday's CC apparently discussed a new program to allow stores to direct order from the KannaWay site. I would think that some brand ambassadors would be hurt by that. I wonder what the rank and file thinks?
I also wonder how much of a contribution it will make to MJNA/HempMeds 3Q/14 revenue, as web traffic to the KannaWay site is down tremendously from July.
As of today, Alexa's rank for KannaWay has fallen nearly 31K places in the U.S., to #35,684 from 4,725 on July 9, 2014.
http://www.alexa.com/siteinfo/kannaway.com
Appraisepage shows that calculated page views (77K) and unique visitors (12.9K) has fallen 80% over the same period (on July 9, PV were 523K, while there were 60.6K unique visitors).
http://www.appraisepage.com/domain/kannaway.com
Even the Kannaway Brand Ambassadors seem less active on Facebook, because the number of "likes" on any given entry hasn't exceeded 74 since Sept 24.
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