Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Because this company isn't legit.
I care enough because i can't believe this board is still active.
Everybody who is new to investing needs to learn this company will never make you rich unless you know how to play (flip) the shares for tiny profits. Over time, they add up.
The price will never zoom back up above .40... It'll never zoom above .10 either.
Basic fundamentals tells you the market cap is not justified with the revenue and # of SO.
If you argue, you are either a newbs who deserves to lose their money, or your are employed by MJNA and are a paid promoter.
Which isn't illegal per OTC. But if the company was under the fist of the SEC, they'd be black and blue and wearing pinstripes in jail.
They're abusing weak minded fools.
Don't be a weak minded fool.
Scam?
They build up a small subsidiary that has actual revenues, using dilution to pay for it, then sell it for garbage to themselves under a different corporate entity.
Also.. Dilution through the roof.
When I first bought I think there was 100M shares, then 150M, now 2.9B?!?
How is that not a scam. They keep diluting, selling the remaining 49% of diluted shares (without splitting, pure dilution) and keeping all the cash for themselves.
How is this not a scam?
It's all legal per OTC pink sheet rules, but under SEC they would have been in jail already.
Can't believe people still believe in this company.
In '13 I was able to pull 30% return on lots of timely flips.
I once wrote an open letter that resulted in immediate response from the company that was absolutely worthless.
This company is garbage; anybody pushing it (rat fink) are either delusional or paid promoter.
I can't be Dr Robert Thorne is still here spreading the truth.. I don't get it, after all these years. I gave up long ago.
The company is a scam, and there is only money to be made on a news cycle, selling within 15 minutes of opening.
Do not buy and hold, that's a recipe for financial ruin.
You must be a pumper.
That's old news.
News coming...
Seeking Alpha writer "Red Bull" is teasing an article next week.
CEO will be presenting at a BioTech conference full of investors.
Phase 3 should be starting soon...
All beneficial news.. But I doubt much will have sustaining power. We need continuous news to sustain growth!
Maybe most of us will see profit in the next few months.
What is going on?
There's no backlash against start ups.
There's no backlash against pharma.
There was two positive news releases recently; executive hiring and office space growth.
Why are owners selling this to the bottom?
I bought near the top the other week, I'm down, but this stock should be stable. It should be held by longs. Why are there so many weak owners selling off, bid wacking?
Let's be honest: MJNA doesn't do anything at all.. They're just a holding company...
If they actually had a say in their subsidiaries, maybe RDH would pay them.
I'm a little less certain about a buy-in. I'll look for at least a 10% bounce from the most recent low. If it hits .05, I'll wait for it to climb back up to .0550 (at least) before I'd buy.
Sky won't fall until it's apparent that it'll close below .10.
Say, 3:30pm EST and it's .0980, then it might fall.
If it's at .0998 it won't collapse, people will be stressed but will hold until the last minute.
If at 3:58 and it's at .0998 it could go either way, totally up in the air.
My guess: If it drops down to .0960 at any time today, it'll trigger a run on the banks...
Yeah, I'm happy for that. I hate to see people lose money.. But this isn't going to skyrocket. It might climb up to .12, and people should take that 20% and wait for it to collapse again. Play it like a turkey and get fed.
Supporting the price with 1m shares at .10 would only get you 6,666 shares at $15 of Cannavest. I doubt that would have such an such an impact.
Plus, I think both companies are scams anyways. CANV is entirely overpriced too.. Easier to support your MJNA PPS when insiders own somewhere around 500M shares ($50M at .10) then the company owning a few Mil in CANV.
I hope it doesn't hold true.. But this company hasn't done a single thing right... Selling Phytoshere's assets at an over valued price for an over valued stock offering.. and then letting Llamas get his dirty money involved in Cannavest? Intentional decisions to defraud shareholders
Yup.. But when have the MJNA board actually cared about MJNA? Cannavest is not run by MJNA, they're only shareholders.
This company is a turkey... MJNA is a scam, having partial ownership in other real companies to look legit. Play this like a turkey and get fed, try to raise it and watch it die of Bird Flu.
Because of false support.
My money is that Sides and company, or one of their cohorts , are behind the huge bids at .10, not so much driving the price down, but to keep it from collapsing even further..
If it closes below .10, the stock will be worthless.
If this is right, it's interesting: this trades VERY thin which means lots of people are holding this very close. It also means that those few who do trade can negatively impact price movements with the sale of a relatively small position - 5000 shares sold at the market could lose millions in market capitalization.
If it breaks .10 (closes under), it'll break the thinly supported faith many investors have in this stock. Some will continue to buy, most others will sell by bid wacking...
I honestly don't think .09 is a safe entry.. I'd look for a 5% return from the lowest PPS you see.. Basically defining the bottom.
Both.. Plus filling the gap from the Monday open.
As soon as they release a PR now that their IPO quiet period is over, we should see some interest return this over IPO pricing.
The Aegis Capital Corp. analyst, Raghuram Selvaraju, Ph.D, who offered an 18 month price target of $60 which caused the spike into the low $12s, is HIGHLY regarded in the bio-tech sector.
http://www.thelifesciencesreport.com/pub/htdocs/expert.html?id=7096
I said probably sold.
Then 'probably' threw the cash away on some BS scheme that could be written off as an expense, which likely lined the pockets of Llamas and/or Sides
Only reason for not listing it as an asset.
They got paid in stock and cash, and probably sold the stock. It's a scam, Llamas is involved with 'funding' CANV.. He still stinks of scam artist.
Wait one day after it hits .10, makes sure it doesn't close below .10.
Or else we won't get uplisted... Bwhahahahahahahahahah... As if.
In all seriousness, closing below .10 will cause a massive sell off and you'll be able to buy more shares if you just wait. Don't set your buy when you see .10, wait one day to see if the sell off continues...
Yeah.. I agree it'll settle back down.. Will probably take a week or two to find stable support . I agree sheep got sheared. I was hoping to be a shepherd today, but oh well, no wool for me. Exciting to watch, wish I could have shorted, would have as soon as I saw it bounce off of 50.
That's how markets work. I tried to buy knowing I wouldn't hold but for a few minutes before selling. My order didn't fill, oh well, but on the market there are always winners and losers.
Not everybody can be a winner.
26 is unwarranted? The market determines if it's unwarranted.. So far, demand seems high enough to justify.
FB was overpriced and collapsed almost immediately. Twitter's IPO is $26 and the market drove the price higher, not the company.
Exactly.
My order didn't fill, I wasn't going to overpay.. Buy somebody is selling and making a great %!
I'm saying that $45 is not the value the company will get: they will get $26.
If $26 is overpriced, so be it... But the greed of $40s is NOT the company's greed.
$26 is the company line... $40s is message board speculation or maybe some brokerages are showing bid / ask prices pre open. $40 isn't company greed, its market demand
Very possible: the price curve you're describing also could be the result of profit taking and then inexperienced investors burning out and taking a loss.
Many companies operate at a loss while growing, it's called capital investments.
Some don't have enough backing to afford to make the investments necessary to keep up with demand and they drown.
Others are arrogant and over-spend assuming demand will rise to meet excess capability (inventory).
I never thought twitter to be arrogant.. It's clear their backers want to cash in after their years of funding, and there remains only one question: can they monetize their userbase?
Facebook had a similar problem, clearly with a much larger and more fickle userbase and was barely profitable and they IPOd at 80-100 P/E and now they've finally have a return.
Twitter could probably wait one more year to bring expenses more in line with earnings, but either you believe in management's ability to monetize and are willing to hold and ride it, or you don't.
I do t suspect such a parabolic rise that it would fall below the opening PPS; I think Facebook freaked a lot of people out and they're more cautious (both buyers and investment bankers running the IPO). I think if we see a drop is minimal. Low 20s at worst.
Good. After the IPO shenanigans settle down we should see stable growth through Q4 and then a re-evaluation/adjustment once the market sees it's first Q report after IPO.
With brokers options of buying an additional 10.5M at insider prices. 80.5M possible.
If the price pops, expect them to buy at $26 then dump them.
This is IPO land, some analysts say low $40s other say stay out altogether for at least a week.
It's really wide open.. Twitter has grown over 30% in revenue for the first three quarters against all of FY12, so Q4 may show about 45-50% growth, maybe 520-550M revenue?
Earnings are expected to be negative, but that's okay for a startup IPO that's actually showing growth.
For fy12 they were high 70M in the hole, and for the first three quarters of fy13 they're 130M neg already.
Given that, P/E is negative, but the revenue ratio is looking to be 14.2B:520M (with my guesstimate fy13 earnings) of 22:1 @$26 give or take.
That's a very high valuation looking at fundamentals, however it's tech, it's IPO, it's also a significant bull market right now: people are hungry for risk.
I would be okay with $2-3 pop, but we could see more or even a straight drop from opening... It's so indeterminate right now.
I honestly believe there's enough interest to get at least 5-10% if not more.
70M means increased demand. Most of those will go to institutional investors who punish their clients if the sell IPOs on a quick flip.
Basically, it means the float for the first few days will be very tight.
If we can get our orders filled early, my opinion is that we can expect a pop of several points for a flip. I'd like to see 5-8%, if my order fills I'll drop a stop-limit in immediately!
Wow.. Semi-decent volume but going nowhere... Folks are playing with this, extracting sub-penny profits.
I've been watching lately and looking for an opportunity to jump back in, but there's just nothing going for this holding company right now.
Really? As a lead-in to Q3 or just from technical analysis? Do you expect .17-.18 peak or sustained?
Yeah, been closely watching this past week, we're less than a month from Q3... Could easily hit .145 and turn back around. Friday was a nice close at +.004, for this stock (recently) that's a healthy day. We'll see where today takes us.
I don't have expectations to buy, but I'll know my trigger if I see it. I don't expect any great market running news... So I may stay in the shadows.
Still pessimistic about executive leadership, but not entirely negative about how the market plays this particular stock.
Definitely short term, definite profit taker. Unabashed. I got burned (for a smaller profit than I could have taken), lost faith in the executives and learned a big lesson on how this plays... I'm no longer a long term player here: no buy and hold. But I'm not going to artificially pump, and I'm not going to over-aggressively bash. This stock has some predictable traits and that's what I'm sticking to.
Small problem I see with your prediction:
You dont have a date specifically mentioned; lots of inexperienced players here will think .17-.18 is near term, when I believe you mean to suggest February (Q4)?
$1? Yeah, at the beginning of the year assumed:
A) we would have a real CEO
B) that Michelle wouldn't be running the show
C) that Tripp was on the Board f Directors
D) that the CANV deal was on the up and up
E) that we would have 40+M in revenues.
F) that dilution would stop
Etc.
TO ALL NEW OR RECENTLY NEW INVESTORS OF MJNA:
Q2 destroyed all of those assumptions and now nobody is saying $1 anytime soon. We already got our skyrocket, we won't be going back to the moon.
If the PPS grows it will either be BS pumping for yet another quick turnaround and dump off, or a very slow organic growth. The share structure doesn't allow for significant PPS growth at Q2 revenues.
If the price moves up fast, have your sell orders ready to go... It'll fall back just as fast once the bigger sellers start pulling out.
I made about 25% in 30 minutes of trading on the last pump and dump off of Dr Gupta's paradigm shift ... Bought before close and sold just after open moments before it collapsed! Something like .18 to .23
BE CAREFUL: this company isn't doing anything that would justify a sustainable 20% PPS growth spurt.
Last year we had a growth spurt due to the elections then sustained around .10-.11 for 2 months before the craziness began.
The company now has products (last year was a joke by comparison), but we don't know about inventory turnover #s and realistic revenues (40+M is unrealistic, it was projected value of shares in CANV, not revenue).
So, what I was trying to get at is that we have products that are generating some revenues, and for now, .13-.14 seems supportable. Without Q3 #s don't expect sustainable growth in PPS.
We have just under 4 weeks until Q3... It's a fragile time, your suspicion levels should be high.
I'll repeat: if you see a spurt, be prepared to sell, don't hold, thinking it'll keep growing, it will not have justified it.
However, in the 3 days to a week before Q3, you'll have 'Buy the rumor, Sell the news...'. Be careful, there is money to be made, and money to be lost.
Which countries have legalized recreational use?
Decriminalization is not legalization.
Post links.
$1 with a 10-1 reverse split, sure, that's doable.
$1 with 950M S/A (artificially capped by company) in 3 years after legalization :: oh, it'll spike at legalization, but it's poor operating history and executive leadership skills will push real investors away, driving down the PPS to reasonable P/E ratios.
$1 with 950M SA and no federal reschedule/legalization, maybe 10 years.
$1 with 5B SA? Never.