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Friday, February 12, 2016 12:53:42 PM
The eight PR about Mexico in the last 10 trading days are for the purpose of allowing the holder of convertible notes to sell into the increased activity caused by the PRs.
Before the bogus Kannaway $100M (nearly 900M share) acquisition, MJNA had about 950M shares.
As of September, 2015, MJNA had about 1.9B shares.
The debt reduction announced in Jan, 2016 probably added 500M - 600M shares.
The ongoing note conversion will probably add another 140M - 150M shares, for a total of 2.5B - 2.6B shares.
At $0.035, and that OS, MJNA has a market cap of nearly $90M, for a company that will probably have generated $10M of revenue and operating losses of $3.5M in 2015.
If my estimates of the OS is correct, then at $0.035, MJNA's market cap is 2X what it should be.
Don't expect 2016 to be much better, because MJNA is now facing more competition than it was at the start of 2015.
Remember, it is just a marketing and sales company that buys its CBD overseas, probably from Isodiol S.A. of Switzerland.
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