Medical Marijuana Inc (MJNA)

[Det_Robert_Thorne]

Complete apples and oranges comparison of companies

The 5B-share satellite radio stock you're referring to had revenues of nearly $4.2B in 2014 and a fully-diluted EPS of $0.08 on 5.9B shares. At today's closing price, that stock sells for about 50X earnings.

MJNA might show $14M - $15M in 2014 revenue and a $1M - $2M loss with nearly 1B shares at the end of the year.

The new products won't offset the loss of CannaVest's products, and while the KannaWay deal could potentially increase 2015 revenues by several million dollars, the fiscal year probably won't be much better than break even.

But let's suppose they do $2M in net income in 2015. With a likely 2B shares outstanding by the end of 2015, that would mean an EPS of $0.001. Apply the same 50X multiple, and MJNA would be priced at about $0.05.

Coincidently, that's about what I think it's worth.