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unfortunately no :(
dragonfly doji, hammers, w-bottom forming... did i miss any?
Please... He is not being dishonest. He is simply not releasing numbers, probably waiting until they're substantial enough to really make a difference. That happens in hundreds of businesses every day. There's even a possibility he doesn't even know the Dixie numbers. Companies don't do day-to-day financial reports, especially not a small company like Dixie.
He's a businessman; how else do you expect him to act?
Read up on Wickard v. Filburn, Gonzales V. Raich, and the Agricultural Adjustment Act
MJNA should be careful as they move into this new territory (Washington, Massachusetts, etc.). The Feds will tolerate them as they comply with Colorado law buy they will make an example of anyone who steps over the line. We have supporters in the Supreme Court like O'Connor but remember, Congress still has complete freedom to use the commerce clause to their advantage whenever they wish.
Thanks for posting!
If MJNA keeps up like it has then I think you're right. If they follow through with this new PR campaign then that will throw the trend off... either way look for .13 and we're good to go
Did you see the Daily Show last night? Pretty funny piece on senior citizens and medical marijuana.
just wait until MJNA starts acquiring the rest of the "fabulous four" ;]
oh really? I was unaware of what MJNA was, thanks!
Thanks but I can use google too lol. Just looking for some clarification, I'm still trying to learn. If the dragonfly forms in an uptrend it's considered bearish and indicates reversal, right?. Comparing today's prices to only 2 months ago we are in an uptrend, however if you're looking at a 1-month chart we are significantly down and this dragonfly would mean we're going to soar. Depends on how you look at it... or no?
Wouldn't that be a bearish indicator? Or are we still in a downtrend?
thanks for the reply/confirmation. I'm still new to my technical shenanigans
Where do you get the .17 number from?
Is MJNA forming possible W-Bottom?
Im very new to technical analysis, pretty much just teaching myself through websites when I have spare time. This is something I was reading about today and I'm wondering if anyone here could offer me some clarity?
http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:bollinger_bands
Looking at MJNA's 6-month chart with Bollinger Bands.
Basically this would mean that if MJNA hits .13 or .14, we're soaring?
Thanks!
"A proprietary antibacterial product clipping"
AKA "buy a pair of clippers from Home Depot and soak them in some antibacterial solution"
What are you even trying to get at here? Just speculating?
You are investing in a company with the word marijuana in its name... maybe you should do some research on growing and processing methods and you will see it's not some crazy complicated process like you're making it out to be.
Are you even taking into consideration the possible revenues form Phytosphere? You're sweating over a $6,000 piece of equipment (which will be depreciated over the long term into practically nothing!) when the value of this incoming crop at current MP is over $7 billion and the company already has a $12 million standing offer to distribute a portion of it.
Just stop already.
Well obviously on a more professional level than just growing plants with some christmas light timers in your basement... I've done my DD it is a pretty good system
Good answer
"state of the art facilities that are self contained highly efficient, safe, pollutant free cultivation, extraction and production facilities"
"provides clients a compact, safe, pollutant-free facility "
"A module that places rows of plants perpendicular to an interior light source, which helps accelerate the growth rate and efficiency of the particular plant that is being cultivated.
Computer operated sprayers ensure even distribution of nutrient feeding solutions to the crops resulting in an abundance of plants with strong, compact, and multi-directional growth. This state-of-the-art technology is fully contained, meaning crops can be grown year-round in any location using precise combinations of light, water, and nutrients to maximize production. "
Sounds like a growhouse to me. What exactly do you think Phytosphere does? They run the facilities which grow the product.
Is it legal to cultivate hemp on that kind of huge scale in colorado?
They're just big growhouses. What's with the big concern over numbers? Do you want them to tell you exactly how much a bag of fertilizer costs, hydro installation, etc.? Good luck with that!
From my understanding, Phytosphere is in charge of growing MJNA's hemp. They are currently managing fields in Europe... says so right in the financials.
has to do with their new OTC pink listing... listen to the interview from today
http://smallcapvoice.com/blog/12-4-12-smallcapvoice-interview-with-medical-marijuana-inc-mjna/
Oh don't worry, I'm not. Just stating that even if the Dixie line is raided, a flop, or otherwise falls short of expectations there is pretty much no need to worry. MJNa has so many projects in the works right now that any one of them would be sufficient for substantial growth.
Dixie Elixers is small potatoes. MJNA will be relying on Phytosphere in the near future for most of their revenues.
MJNA acquired 100% ownership this year. Phytosphere's hemp crop is booming; minimum 365 million mg of CBD projected from this harvest. In the Q3 report they stated minimum current market valuation of $8.60/mg which is almost $7.5 billion total value. They also released that they've received an offer of $12m to distribute their CBD oil but MJNA has not accepted this offer.
Phytosphere is where the real money is.
$8.60 in bulk, according to the Q3 report.
thanks!
It was just a t trade, dont worry!
hah me too. I'm sitting in class right now reading their Q3 report and smiling to myself... probably should be paying attention but it wont make a difference if this stock takes off ;]
Have you guys read through the Q3 financials?
http://medicalmarijuanainc.com/images/Pdf/Q3Financials2012.pdf
They are expecting to produce "no less than 365 million mg" of raw CBD through Phytosphere's current crop. The lowest existing market price for CBD as stated in the report is $8.60 / mg.
365,000,000 x $8.60 = $7,439,000,000
That's $7.4 billion.
Granted, who knows how accurate the price of $8.60 will be in the future? The market for bulk purchases of CBD is nonexistent at this point. But even at $1/mg that's an inventory value of $365 million. This is supported by the company's statement that they expect Phytosphere to cover all of their expenses in the near future.
Any thoughts on this? Am I missing something here? That is an insane amount of inventory for MJNA to soon be sitting on.
Stop; Hammertime!
The candles don't lie.
some relatively big buys coming in before the close. Tomorrow will tell!
Ah thanks I must've missed that. Well with the $17m that's more than likely!
Where are you getting the "4 new 27,000 sq ft facilities" from?
probably on http://smallcapvoice.com/ as they are the ones conducting the interview.
go go go!
I started off investing in Altitude Organic (ERBB), which devoured my investment as they turned out to be a bust. From my research, it seems MJNA is the only company worth investing in. ERBB announced a few months ago they would not be expanding in Colorado-- oops! Big mistake there. CBIS has no products to market, MDBX's share price is a joke, and GRNH has trouble just paying its employees. RFMK does nothing but make Cheryl Schumann take pictures with Tommy Chong. They're nothing but a pump and dump at this point. Read the financials of these companies and you will see that their share prices are only kept afloat due to speculation.
MJNA on the other hand has seen spectacular revenue and income increases in the past year. 1500% in one year is terrific. They have real products and employees who know what they're doing; they are leaders in the industry. Tons of dispensaries carries Dixie X products. Watch a couple of news stories and you can see the Dixie X logo on nearly every storefront counter or wall display. MJNA secured $17 million in credit from CannaBank. This is hugely important. CannaBank is backed by real people with real money; not just some stoners pooling their cash together to grow some snickelfritz. What other marijuana company has this type of ammunition to throw around? They can bully, buy or force out any of their competition at this point.
MJNA is the only marijuana stock I hold, and I will not be selling in the near future. This company has real potential. See you all in Maui next year!
New products every damn day... go MJNA!