Medical Marijuana Inc (MJNA)

[StevenRisk]

Has this been resolved yet with MJNA's

http://seekingalpha.com/article/1187411-chronically-criminal-shielding-the-public-from-medical-marijuanaCEO?

Infitialis
Event-driven, special situations, long only, short only
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Chronically Criminal: Shielding The Public From Medical Marijuana
Feb. 15, 2013 8:53 AM ET | About: Medical Marijuana, Inc. (MJNA), Includes: JMBA, PSUN
Disclosure: I am short OTCPK:MJNA. (More...)
Note: This article has been updated at the author's request.

Infitialis is a research collective that exposes fraud and folly in an effort to identify bubbles before they implode and our track record of success speaks for itself. In this report, we will be exposing fraud heaped on top of folly.

Infitialis Track Record of Exposing Fraud and Folly is Unmatched

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Introduction

Medical Marijuana, Inc. (OTCPK:MJNA) ("Medical Marijuana" or the "Company") is a penny stock company run by criminals and alleged fraudsters. While medical marijuana may be a growing business opportunity in selected states, there is no place for blatant stock fraud in the United States capital markets, and we strongly believe the intrinsic value of MJNA is $0.00/share due to the significant malfeasance discussed below.

In this report, we will discuss how MJNA listed on the OTC Markets (formerly known as the pink sheets) under a weird, but quasi-legal, exemption known as "Unsolicited Quotation" whereby shares only trade by appointment of retail order flow. In other words, there is no active market for the issuer's securities and on a whim all bids/offers can instantaneously vanish, leading to choppy trading and large valuation swings. Despite our extensive market experience, this is the first time we have ever run into this type of security with a >$100mm market valuation, let alone a $355mm market valuation. Moreover, based on our discussions with securities counsel, the SEC has all but done away with these types of companies save for a select few like Medical Marijuana that have somehow so far escaped the eyes of the regulators.

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Latest on MJNA
Medical Marijuana Inc's Stock Price Benefits From A $60M Mistake In A Yahoo BlogThu, Oct 23New York governor signs pot lawMon, Jul 7New York becomes 23rd state to legalize medical potMon, Jun 23News flash: DirectView acquires office spaceThu, May 29Pot getting more potentThu, May 22Medical Marijuana, Inc. Prepares To Spit Out Canchew BiotechnologiesMon, May 5Medical Marijuana, Inc.: Kiss This High GoodbyeMon, Apr 14Colorado getting a high from pot tax revenueTue, Mar 11Marijuana stocks jump after Treasury Dept. sets banking rulesFri, Feb 14Is MJNA Being Set Up For A Pump & Dump?Fri, Jan 31


MJNA VS. ETF ALTERNATIVES
ETFs TODAY 3 MTHS 1 YR YTD
UWM 0.5% 2.4% 9.1% 3.9%
XLP 0.5% 8.0% 13.1% 13.3%
SLY 0.3% 2.2% 3.0% 3.5%
RWJ 0.2% 1.1% 7.2% 4.2%
PRFZ 0.2% 0.7% 5.8% 3.1%
IPS 0.1% -4.6% -0.5% -1.4%
EES 0.1% 0.6% 2.4% 0.6%
MJNA -1.4% -11.7% 53.8% -7.7%
ETF Alternatives
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