Irritable
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GO BOTH WAYS PEEPS
It doesn't work like that. If ETRF, for example, is showing a bid for 10,000 shares at $0.158, what's not shown is how many shares ETRF is bidding for at all the different prices below $0.158. Looking at level II, you can only see the total number of shares from all the top bids from each firm, and even this number is not necessarily the real total for the top bids because (as someone else was just talking about) they are allowed to misrepresent the sizes of the bids and asks.
Misrepresenting the number of shares on the ask or bid (in the manner that they're doing it) is legal.
MJNA owns 0% of Dixie.
However, both MJNA and Dixie own Red Dice.
VNDM is being really aggressive in moving down on the ask. Do you think they are trying to push it down as far as possible before they cover on the shares shorted yesterday?
He likely bought shares long ago. When he says it's time to buy, he means it's time for others to buy so that he can sell the shares he's already bought.
They lied (at least the person on the phone did) about selling out the first batch.
When they posted all the pictures of the putative "new shipment" and talked about how they were then able to meet the "high demand," they also lied.
And, of course, each time they issue a quarterly report with the magic "extraordinary income," they lie.
This most recent quarter was supposed to be a turnaround point at which CanChew and CannaVest showed revenue that at least gave shareholders hope that the company might be heading toward success. They failed (miserably) to do this, and when you add on the newly confirmed fact that MJNA has been misleading people all along, I think there's little reason to support the company at this point -- especially taking into consideration new information about the suspicious nature of the money flow within this smoky network of companies with which MJNA deals.
MJNA: Trade it but don't trust it.
You can't risk existing profits by selling. Selling is what locks profits in. Not selling is what risks existing profits. You probably noticed this today as the value of your shares decreased drastically along with MJNA's price. You can only risk potential future profits (the scenario you describe in the quote below) by selling; however, this risk is easily minimized since you can just buy back in if the share price begins to rise after you sell (it's not going to make it to $0.38 before you have time to submit your buy order).
What happens if I sell my holdings and MJNA blows up to .38, shattering my chances to get back in at a decent price and blowing my chances for even better profits?
No, it's not "wack" mathematics, unless you're in the habit of using this word to designate simple ideas that you fail to understand. I'll try to explain this in a more simple manner.
If a person has 1,000 shares purchased at $0.03, that person will have $30 worth of shares. If the price goes up to $0.20, the person doesn't sell, and then the price drops back down to $0.03, that person can then sell those shares at $0.03 for $30. By never selling while the price was higher and then waiting until the price dropped back down to $0.03, the person forfeited his chance to make a profit from those shares.
If a person has 1,000 shares purchased at $0.03 and then sells those shares at $0.20, he will get $200. If the person then uses that money to buy more shares when the price drops to $0.10, he will be able to pick up 2,000 shares. If the price then drops back down to $0.03, the person can sell the shares for $60, which means he'll still come away with a $30 profit on his original purchase (assuming no trading fees here for simplicity).
You're choosing the former option over the latter even though the latter is more profitable.
Why on earth would I sell my remaining, paid for holdings and risk new money (albeit profits) on a position at a higher price? What happens if I buy $50,000 more worth of MJNA at .16 and the stock dips to .03? Say goodbye to any profits.
The CANV shares received by MJNA are arbitrarily valued at between $4.50 and $6.00. That's where the magic "extraordinary income" comes from in each quarterly report. If CannaVest doesn't generate sufficient income, MJNA will never have the ability to liquidate those CANV shares at a value anywhere near $4.50 to $6.00. So, basically, the shares (and MJNA's quarterly reports) are worthless until CannaVest starts making money.
Saying you're not trading MJNA isn't an explanation of behavior; it's just a description of it. I suppose it's true that you probably won't get in at a better price than $0.03, but you'll be able to get back in at a better price than the one at which you sell, enabling you to hold more shares long-term, which seems like a good thing to do if you're interested in making money. For the life of me, I can't understand why you don't want to choose the option that will make you more money when it's available to you.
MJNA misled everyone about their sales of CanChew gum when they talked about selling out their first batch and receiving a second shipment to deal with "high demand." The income from the sales of CanChew gum is so incredibly pitiful. Just stop and contemplate for a moment how much $9,801 in sales income sucks. This is beyond mere failure. The financial data for CannaVest has now been released, too. They reported just over $100,000 in revenue and a net loss of over $1,000,000. The earning potential of CannaVest is supposed to justify the arbitrarily set value of the CANV shares owned by MJNA. However, here we are seeing no indication of any such earning potential. So, basically, every time MJNA releases a financial report listing the "extraordinary" income from the CANV shares, they're attempting to deceive investors to cover up their negative cash balance, even though they've been repeatedly called out on this practice. With performance like this, you'll likely still have opportunities in the near future to sell your shares and get in at a lower price.
Why did you continue to hold today even as the price was crashing down? Even if you're looking to hold long-term, why didn't you sell so that you could get back in at a lower price?
It means the company (or at least one of its employees on the phone) most likely explicitly lied about the level of sales. I was one of the people who called.
The company also misled people by posting those pictures of its "new shipment" of boxes of CanChew gum that they said would enable them to handle the "high demand."
They should just put an infinity sign next to VNDM.
This is awesome to watch (in the sense that Faces of Death is awesome to watch). Pretty much all the gains from this morning, yesterday, and Friday are being wiped out.
There's a SEC inquiry into the company?
Don't forget to post positive comments about MJNA at the bottom of every article you read about Gupta, Holder, and medical marijuana during the next couple of days. We need as many newbies putting their money in as possible to soak up some of the selling that will be done by long-term holders who just want to get out with their original investments after the last six months of pain.
Nice call.
Oh, my God!
Holder just lit up a blunt and mentioned MJNA by name!
He said Michelle was his home slice.
In the wake of these recent positive developments, I think a carefully worded quarterly report from MJNA could easily create a very positive image in the minds of investors who are just now taking their first look at the company. Many of us who have been watching the stock for a long time tend to weigh everything that MJNA puts out against the overly aggressive figures from the CannaVest deal, have concerns over the integrity of management, have concerns over share dilution, and so on. However, many investors who are taking their first look at the company are simply going to see a company that's just getting started (even though it's been around for a while) and that has just begun to get its products out there (CanChew gum) and generate some income (both CanChew gum and CannaVest). These will be features of the next quarterly report that are not to be found in previous quarterly reports, so it would be easy for MJNA to portray this as a positive turning point -- as the company's first real foray out into the market. It will feed into the impression that, at a time when the MJ industry is just starting to take off (legally speaking), MJNA is also just starting to take off and, thus, that by buying MJNA, investors could be making an investment akin to buying Apple when it was just a couple of bucks.
The second thing the company should do is talk up the future earnings potential of CannaVest and tell investors they're confident that CannaVest will generate sufficient income in the near future to warrant the PPS used in the CannaVest deal. They've already implicitly made a statement about CannaVest's future earning potential simply by pegging the price of the received CANV shares at $4.50 to $6.00. They might as well acknowledge investors' concerns by making a vague statement or two providing investors with some reasons to believe these prices bear a logical relationship to CannaVest's income-generating potential in the near future. This would sound good to newbies and help allay some long-term investors' concerns over the CannaVest deal.
The third thing they should do is pay an English major $100 to proofread the quarterly report because all the grammatical mistakes and other careless errors in past reports have made management look incompetent.
There are some changes that Holder can make on his own. Here's an excerpt from a Washington Post article that talks about this topic:
"The attorney general can make some of these changes to drug policy on his own. He is giving new instructions to federal prosecutors on how they should write their criminal complaints when charging low-level drug offenders, to avoid triggering the mandatory minimum sentences. Under certain statutes, inflexible sentences for drug crimes are mandated regardless of the facts or conduct in the case, reducing the discretion of prosecutors, judges and juries.
Some of Holder’s other initiatives will require legislative change. Holder is urging passage of legislation with bipartisan support that is aimed at giving federal judges more discretion in applying mandatory minimum sentences to certain drug offenses."
http://www.washingtonpost.com/world/national-security/holder-seeks-to-avert-mandatory-minimum-sentences-for-some-low-level-drug-offenders/2013/08/11/343850c2-012c-11e3-96a8-d3b921c0924a_story.html
Oops, my bad. I just edited my message to make it look like I knew what I was talking about at the time.
Holder's speech will occur in about 1 hour and 30 minutes. While the policy changes to be announced in his speech aren't tantamount to outright legalization, they will enable you to light up a joint without too much fear of jail time, and they will cause more people to see legalization as a near-future inevitability, and this will give more investors the extra bit of confidence they need to invest in MJ-associated businesses, which will further push up the share prices of these companies. Now is a good time to own MJNA.
http://www.chicagotribune.com/news/chi-holder-drug-sentencing-20130811,0,1978815.story
Excerpts from Holder's Prepared Speech (provided by US Justice Department)
"I have mandated a modification of the Justice Department's charging policies so that certain low-level, nonviolent drug offenders who have no ties to large-scale organizations, gangs, or cartels, will no longer be charged with offenses that impose draconian mandatory minimum sentences."
"By reserving the most severe penalties for serious, high-level or violent drug traffickers, we can better promote public safety, deterrence and rehabilitation, while making our expenditures smarter and more productive."
http://www.chicagotribune.com/news/chi-holder-drug-sentencing-20130811,0,1978815.story
You can now smoke weed in the US without worrying about going to jail (as long as you're not part of a gang or cartel, did not commit a violent crime in the process, etc.).
Holder proposes changes in criminal justice system
http://www.sfgate.com/news/politics/article/Holder-proposes-changes-in-criminal-justice-system-4724613.php
First four paragraphs of article:
WASHINGTON (AP) — Attorney General Eric Holder is calling for major changes to the nation's criminal justice system that would scale back the use of harsh prison sentences for certain drug-related crimes, divert people convicted of low-level offenses to drug treatment and community service programs and expand a prison program to allow for release of some elderly, non-violent offenders.
In remarks prepared for delivery Monday to the American Bar Association in San Francisco, Holder said he is mandating a change to Justice Department policy so that low-level, non-violent drug offenders with no ties to large-scale organizations, gangs or cartels won't be charged with offenses that impose mandatory minimum sentences.
Mandatory minimum prison sentences — a product of the government's war on drugs in the 1980s — limit the discretion of judges to impose shorter prison sentences.
Under the altered policy, the attorney general said defendants will instead be charged with offenses for which accompanying sentences "are better suited to their individual conduct, rather than excessive prison terms more appropriate for violent criminals or drug kingpins."
On MJNA's website, you can find the following disclaimer:
"Medical Marijuana, Inc., and HempMedsPX do not sell or distribute any products that are in violation of the United States Controlled Substances Act (US.CSA). These companies do grow, sell and distribute hemp-based products and are involved with Federally Legal Distribution of Medical Marijuana based products within certain international markets."
Does the phrase "medical marijuana based products" indicate THC-containing products? In the quote above, they contrast "medical marijuana based products" with products that are not in violation of the United States Controlled Substances Act, which makes me think they are saying they grow, sell, and distribute THC-containing products within certain international markets.
When writing about a company, every now and then financial writers outline the features of an imagined, ideal company that is analogous in many respects to the company about which they're writing. Then, they make comparisons between the features of the fictional, ideal company and the financial data and behavior of the real company they're analyzing in order to highlight the company's strong points and shortcomings and so on. It would be interesting if someone were to approach matters from the other direction by writing an article that takes a real company and describes what its features and behavior would be like if it were running a really good, really effective scam, and then compares the company's actual features and behavior to this "ideal scam" in order to assess the probability that the company is a scam, make an overall assertion that the company is or is not a scam, highlight the company's strong and weak points, and so on.
The more revenue that CannaVEST pulls in, the more the value of the CANV shares provided to MJNA in the CannaVEST deal will be regarded as legitimate, and, in turn, the more that MJNA's income figures (now regarded by many as bogus) will be regarded as legitimate.
The quote below is from MJNA's PhotoSphere page.
The combination of PhytoSphere Systems superior technology, proprietary and patented processes, genetically consistent products and tissue culture based plants, gives us the ability to produce the cleanest and highest quality pharmaceutical grade oils, extracts and compounds currently on the market. Initially these oils, extracts and compounds were only used in the manufacture of products to be distributed through Medical Marijuana Inc. (www.medicalmarijuanainc.com) giving the company a distinct competitive advantage. Since the close of Q1 2013 the company has opened up outside sales.
PhytoSphere's highly efficient growth, packaging and extraction technologies provide clients with the highest quality products at a fair price. Current clients include:
Dixie
Dixie Botanicals
CanChew Biotechnologies
US Hemp Oil
Cibdex
Cibaderm
Real Scientific Oil
A link to Perry's new article about CanChew gum is here:
http://www.examiner.com/article/canchew-gum-offers-health-opportunity
The link provided in Alan's post mentioning Perry's article is a link to one's of Alan's own articles.
nmarnier: What is the name of the foundation you mentioned in your last post?
Have the CanChew sales numbers come out yet?
Why do you keep repeating that the CanChew gum hasn't sold well as if it were an already-established fact?
Why do certain others here (in their arguments both for and against MJNA) so readily accept this speculation/fabrication that the gum hasn't sold well?
We have some pieces of information that point toward good sales: the sell-out of the first batch of 3,000 boxes and the statement a while back from the company saying that they received another shipment of boxes in order to meet the demand that they previously couldn't meet. On the potentially negative side, we have the recent temporary discount sale, which could be indicative of low sales due to excessively high prices and a lack of advertising and which could also very well just be an attempt to draw in a few more customers who wouldn't otherwise try the product. (Regarding the lack of advertising, this bothers me, too. It should be simple and not too expensive for the company to, at the very least, place internet ads for CanChew gum on various health websites, pothead websites, and so on. However, because of this lack of advertising, when we do finally see the CanChew sales numbers, we'll know that we're just seeing a sliver of the potential sales for the CanChew gum in the coming quarters when MJNA settles on an appropriate price and gets their advertisement efforts going.) The point, again, is that we have pieces of information that seem to point to both good and bad sale numbers, and to actually know for sure whether the numbers are good or bad, we're just going to have to wait for the next quarterly report or other word from the company. Until that time, we should stop talking about the lack of sales as if we already knew what the numbers were.
Wow! So scary! Seeing all those BIG WORDS IN CAPS and grammatical errors almost made me crap my pants. We should all sell really, really fast, right? It's the only way to get out without losing all our money! The share count is about to go up to eleventy-seven billion thousand hundred, and you and your family are going to end up on the street!
I agree that this should be seen as a positive event. The fact that MJNA is taking steps to clean house makes the company look more legitimate, shows that they're seriously working on the audit, and makes the uplisting seem more likely. As long as Stuart was accurate in saying the AS count will remain at 950 million, this hold on dilution will be another positive in most investors' minds. With CannaVEST already beginning to sell oil (the first easily visible step on the road toward legitimizing the PPS used in the CannaVEST deal) and the next quarterly report to show income from CanChew sales, there could be a confluence of positive news in the near future that pushes the PPS up substantially. It will depend on the precise sales numbers and on what MJNA says about the progress made in the audit and prospects for uplisting in upcoming PRs and the next quarterly report. If there's any information about securing outside funding, collaborations, or big leaps in the march toward legalization that get thrown into the mix, then we could see the PPS exceed previous highs very soon.
These labels are jokes, of course, but the point remains. He gets caught up with certain details that catch his fancy and misses the big picture, in this case choosing to focus on details that support his preferred view that the company is out to rob everyone while ignoring other, overriding details that paint a more benign picture of the company. As long as Stuart wasn't blatantly lying, the company intends to maintain the AS count at 950 million. This means that no matter what these articles of correction dictate the AS count to be, the company plans to take the necessary steps to ensure the AS count remains where it is for the time being -- steps that almost certainly will not encounter any shareholder opposition if a shareholder vote is necessary.
I wonder whether MJNA and Dixie are aware of this free-advertisement offer and whether they are eligible to take advantage of it. They're probably not, but you might want to send the link to Stuart and have him pass it on to Michelle.
Stuart T. Smith
CEO & President
SmallCapVoice.Com, Inc.
P. 512-267-2430
F. 512-267-2530
Skype: SmallCapVoice.com
AIM: SmallCapVoice7
www.oprah.com/spirit/How-to-Stop-Anxiety-and-Obsessive-Thoughts-Deepak-Chopra
www.calmclinic.com/anxiety/signs/obsessive-thoughts
http://www.psychologytoday.com/blog/two-minute-shrink/201006/taming-obsessive-thoughts
www.webmd.com/brain/autism/mental-health-aspergers-syndrome
Who knows? They're almost always slow with the release of information, both good and bad.
I understand what the filings say about the AS count. I know it will send your and Rain Man's brains spinning to hear this, but the filings ultimately don't matter for the AS count. Stuart stated that the AS count will be held at 950 million shares. Unless he flat-out lied, this is what the company intends to do. So, we know that, if necessary, additional steps will be taken to ensure this is the case. If a shareholder vote is necessary, it will be cumbersome and annoying, but the end result is still assured. I agree, however, that the company should promptly provide information about whether anything really needs to be done about this issue and, if so, what it intends to do.
The cap can't stay at 950M if it was never officially there. OTOH, they could hold a shareholder vote to change it to 950M.
Could it be because they want and need to have the AS at 5B?