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So you want to throw your money away? If we break .10 we WILL NOT uplist for at least 90 days.
http://www.otcqx.com/qx/otcqx/requirements
So hoping the PPS goes down further will ruin your chance to make a quick buck... If it goes to .01 it'll stay there until uplist at a minimum: investor confidence will be too low to overcome and the price will be suppressed for a long time.
Exactly! 7 people running a holding firm are not involved in day to day operations of subsidiaries: PR should be one of their corporate level concerns.
They need to hire a PR expert who stays on top of all negative publicity and assist in planning a counter offensive: this would isolate bashers arguments and mis-information campaigns...
If we make $8M a quarter we can afford to hire Public Relations professionals to specifically address publicity concerns, not for direct contact by investors, let Stuart handle investor questions and forward complex issues onto the internal PR expert.
That's possible: but the audit should make the corrections: we may see smaller projections, and I think at this point, transparent financial reports would clear almost everything up and most longs would appreciate it: get a real estimate.
Pure fraud ask < bid?!
CSTI and NITE keep lowering their dark pools, forcing retail weak hands to Bidwhack.
L2 looming crappy, VNDM with a .03 spread on Bud/ask. Yuck
Yes: penny stock.
Had marijuana not been a schedule 1 drug as dangerous as heroine and more dangerous than OxyContin, this company could have gone through the normal funding processes available to most real businesses.
Before recently, there were no angel investment groups or private equity funds. Getting a loan from a bank was a federal "no-no", so this company had no other choice but to go OTC:PK to raise capital.
Do not punish a company that has no other capital recourse for starting off in the pinks.
It is a legitimate approach, and its a shame that sham companies abuse it . MJNA had no other options which validates their Pink status, and an audit/uplist is in motion.
An audit is purely designed to correct any mistakes and validate the resulting data: young companies often make mistakes and an audit will fix those. The audited numbers will be available, they may or may not be the same as previously submitted to OTC, which in no way is considered fraudulent.
They do have a contracted market maker that has filed their application for uplisting I believe.
However the market maker does not get involved until the company is audited: for their own protection.
So, saying they don't have one is wrong, saying that the market is "unsolicited" is fact, but means very little in the Pink because just about all pinks don't have MM's because they're not yet audited; any pink company with an audit would uplist out of the pinks anyways.
You want to slam MJNA, at least be educated.
I am not assuming anything that can be called fraudulent.
I just want executives to perform their fiduciary responsibilities (not allowing the stock to go 'limited' twice in a year, and to publicly address the misinformation campaign that is underway).
I don't want vaguely phrased PRs or abstract references to addressing the concerns in the shareholders report: I want details!
If Michelle is suing Infitalis or MJNA is suing anybody, then I'd love to see the case number and what court of law they are filing suit so we can have proof its happening: having evidence that executives are doing what they say they're doing... I'm looking for more transparency to build my trust/faith.
Exactly: potential, lots of it.
I'm holding too!
If this is a temporary manipulation, things will bounce nicely. If its not and keeps going, ill have to sell soon too... I'm technically still up a few dollars.
I'm just frustrated with the lack of a publicized coordinated response to these situations.
I haven't sold!
I demand action as only a concerned shareholder would demand.
Check my post history: I am only here for MJNA, and have been a shareholder since before the Nov 6 elections.
People who have no position, and are still asking these questions are suspect; I'm furious (but still own my entire position).
Nah.. We need to pound the Facebook page, company email (I don't have her personal/direct work email), Stuart's email and Twitter.
Bad publicity is the goal: we're already in the dumps, force action to avoid the bad publicity: email can be ignored, but FB and Twitter will be seen by the world.
I don't expect one right away: only sent it in the last hour.
I wouldn't say they are after a quick buck: that's assumes fraudulent behavior.
I would say they're in over their head: real estate to weed? They just don't have the experience necessary.
I posed questions challenging their competence, not their legality.
All owners of MJNA.PK stock: I encourage you to send the following letter to Michelle Sides and Stuart T Smith of Small Cap Voice, the Investor Relations firm hired by MMI.
Info@medicalmarijuanainc.com
Ssmith@smallcapvoice.com
On Facebook at: www.facebook.com/mjnainc
MMI on Twitter at: @MJNA_INC
SCV on Twitter: @smallcapvoice
Call them at 888-OTC MJNA (682-6562) and SCV at (512) 267-2430 and demand immediate, pre-market-open responses.
If enough of us do this, we'll hopefully get some action!
__________________________________
An open letter to Medical Marijuana Incorportated CEO Michelle Sides:
Ms Sides: the recent lack of effective action on behalf of the executives of MMI have caused a significant reduction in shareholder confidence and a resultant decline in the share price of MJNA.PK, wiping out hundreds of millions of market capitalization.
I have a few questions I think you can answer without revealing trade secrets, and as a stock holder, I demand answers.
1) There exists a disparity between the most recently filed documentation (which has a date of 4 months ago, but filed this past week) and the MMI website regarding the members of the Board of Directors:
1a) Please immediately clarify the official MMI Board Members.
1b) If there is a accidental disparity, please explain how a company reporting a quarterly $5M in net income cannot keep its most critical website information current.
2) Since you are a primary owner of HDDC and represent a significant % of all shares authorized, what would it take for HDDC and all insiders to sell enough shares such that all insiders own less than 35% of MMI stock? Such that share holders can have voting authority over the BOD, that we may bring in seasoned executives to provide proper Governance and hold MMI executives responsible for apparent failures.
3) Please immediately address hot topics that arise that cause immediate negative influence over the PPS of MJNA.PK:
A) Is Tripp Keber still a member of the MMI Board of Directors?
B) Does Red Dice Holdings have ownership of the Dixie IP that contains THC, or is it CBD only formulations?
C) Are the sale of Phytosphere assets and licensing of the Phytosphere IP/Brand being accounted for as revenues? How are the shares of CANV being accounted for?
D) Does MMI have any expectations of bringing back Michael Llamas if he is found innocent, or takes a plea deal that avoids a judgement? (We don't want him back, unfortunately his reputation is ruined and is bad news for the public image and in turn, the PPS of MJNA.PK).
4) Please explain
4a) The failure of MMI to remain 'Current' reporting status with OTC Markets twice in the last 6 months.
4b) How you are not working every single day (and publicly announcing your efforts every single day) to remove the DTC chill that you have acknowledged exists.
4c) Lastly why you deserve to keep your executive status?
Without proper governance and oversight of executive running the company, shareholders have only one option: sell and further reduce the Market Capitalization and cause a financial loss to other shareholders, signaling failure of the executives of MJNA.PK to fulfill their fiduciary responsibilities to its shareholders.
You are the CEO and Chairperson of the Board of Directors: its time you started handling significant public (non-insider) shareholder concerns directly... We want to hear from you directly, we want to meet our unelected CEO and have confidence in her ability to lead this company.
Sincerely,
Your name here
Your email/contact info here
You realize those who invest pay attention to historical price action? They read any available news?
Who cares about growth potential right now: its not having a strong enough impact on the PPS.
Investor confidence is at an all time low and the price is collapsing and former longs have switched sides on here and started lambasting the stock!
THAT'S VERY BAD NEWS.
Without investor confidence we have no chance at PPS growth! It doesn't matter what the company is doing, if the price is moving down.
To uplist on OTC we need to maintain a PPS over .10 for 90 days!
If we fall below that, we have to wait ANOTHER 90 days to apply, after audit complete.
The failure to audit/uplist in a timely manner is one of the reasons for the current decline in PPS, if we drop below .10, we're done through '14!
Without the audit/uplist, the manipulators will have a field day channel trading this as long as they can, keeping the price down!
This stock's float is way too large, and manipulators are having a field day!
For real price growth, we need to get into a SEC regulated market where everybody is held at a higher standard, legally.
You realize those who invest pay attention to historical price action? They read any available news?
Who cares about growth potential right now: its not having a strong enough impact on the PPS.
Investor confidence is at an all time low and the price is collapsing and former longs have switched sides on here and started lambasting the stock!
THAT'S VERY BAD NEWS.
Without investor confidence we have no chance at PPS growth! It doesn't matter what the company is doing, if the price is moving down.
To uplist on OTC we need to maintain a PPS over .10 for 90 days!
If we fall below that, we have to wait ANOTHER 90 days to apply, after audit complete.
The failure to audit/uplist in a timely manner is one of the reasons for the current decline in PPS, if we drop below .10, we're done through '14!
Without the audit/uplist, the manipulators will have a field day channel trading this as long as they can, keeping the price down!
This stock's float is way too large, and manipulators are having a field day!
For real price growth, we need to get into a SEC regulated market where everybody is held at a higher standard, legally.
But do you honestly want the PPS and shareholder confidence to decline further?!
No sellers.
Without sellers you can't buy.
Average volume is very low because only the same shares keep getting traded, nobody is selling.
Do you realize, that if we dropping towards .14, we'll likely keep going below .10, and if we go below .10 we won't be able to uplift anytime soon and your shares will remain worthless because investor confidence will have been completely crushed.
At these levels (high of .16 last October), driving the prices down, or hoping it goes down is severely detrimental for the near term value of this stock (3-6 months at least).
Lots of longs here have already dropped their position because they can't watch it go any lower. That means support is at an all time low, it's not a good time to hope for lower prices so you can buy a few more shares.
If you like this company, BUY ASAP!
Long, Strong, but my stomach is upset!
Yeah. Don't need you pissing in my ear.
Oh the irony: you're upset somebody is calling your precious liquids hemp oil!
We extract our oils too, highly concentrated... Yet you think they are different?
So, 90% you say? 90% of what?
Are you're talking about smoking X grams of pure bud a day? Because that doesn't translate into anything but a physical amount (mg) of medicine.
That % is the ratio of all cannabinoids, nothing more.
I can give you a 1L bottle of water with 90mg of THC, or I can give you a 100mL tincture with 90mg of THC.
If the ratio of g to L in THC were 1:1 (for this exercise, let's say this is fact), then the exact same amount of medicine would be 9% in our first bottle, and 90% in the other bottle.
Arguing medicine by % shows an extreme lack of fundamental intelligence.
Not in Pink Sheets: there's no SEC oversight, no tracking of buyers and sellers and IP addresses and accounts being used.
No speculation on picking up cheapies just yet.
Drive the price down down down using the same shares for a minimal cost loss, then eventually pick up cheapies.
There is a concerted effort to drive the price down, plenty of buying pressure, but just can't clear the dark pools before somebody starts lowering asks or bidwhacking.. Very concerted and focused effort, that would be sending many people to jail for a long time if SEC had oversight.
Let me guess, the bid was much lower than the current price? I think we have folks selling to each other to drive the price down, repeating the process on the same shares? I see alot of small sells on the list..
That's what I was thinking: just need MJNA to turn around, and somehow become a 'certified investor' or whatever that means.. Its a legal position that is required that states you aren't just some average chump, that you can afford to lose the cash.
Angel investor groups like that rarely hit a home run, if 1/25 do well and the other 24 go under, its considered a success. So your 50k might not go into a winning idea (you get to choose which one you go in on, but must be a member of the group to get in on the deal).
I could bother to show you posts made by MJNA saying Dixie was in 500 dispensaries in CO.
That's where I got my numbers.
However, if we're in 100 stores, one store is not a huge deal. Having 10 manufacturers of vending machines is the goal, not a single unproven company with zero sales.
Arc View is a minimum of 50K
You're the one who was all excited about meeting the owner of Autospense, and telling us all how excited you were about him wanting to sell to Tripp.
I don't care who makes any vending machine, the deals we need are with the people who BUY those vending machines: they are te front line retailer!
Sheesh.
Dixie botanicals Facebook page has a photo of the machine:
https://m.facebook.com/#!/photo.php?fbid=540006432718212&id=129061613812698&set=a.525200567532132.1073741825.129061613812698&__user=1262391725
It states the following:
"Tripp Keber is checking out AutoSpense, a business concept that asked us to help them by providing products (non-medicated, sorry!) and signage for their demo. Busy weekend!"
"Asked us to help". From what I understand, the same machine was in two other booths with different signage.
We just did them a favor, which promoted our products too.
It doesn't mean we have any deals, it doesn't mean we're buying them. It doesn't mean ANYBODY is buying those machines. It doesn't mean you'll ever see one in a store or alley.
You want MJNA to buy Autospense, you've said it before.
You keep bringing it up.
Marketing to vending machine manufacturers is not a big deal AT ALL. MJNA should market to ALL vending machine manufacturers: you don't need a fingerprint scanner and ID checker to buy Dixie Botanicals or CanChew...
Who puts out products in their machines is the focus (certainly NOT the manufacturers, but the end customer who buys the machines).
Its a marketing thing, we certainly don't care if Dispensary XYZ sells our products, because in CO there are over 500 OTHER DISPENSARIES.
I think you completely missed my ORIGINAL point: I replied saying MJNA should NOT buy Autospense, not that we care who sells the products.
You want MJNA to worry about building machines and selling machines too?
You want MJNA to worry about who is selling our products?
With all the vending machine companies out there, we should be asking them for their customer lists to try and market to the BUYERS of vending machines.
Seriously, owning the retail side of this equation only works if we own the entire store, like a 7-11. But guess what, 7-11 DOESN'T MAKE SLURPEE MACHINES, they let somebody else make them.
Owning the vending machines is not the right business model, why else does that guy want to sell out: its sucking his soul trying to compete.
Barriers to entry are just too high. Let others play that particular game, we can just make deals with the winners.
No Autospense for MJNA.
Tripp did his buddy a favor at CC and that's it, and you said you spoke to him, and he said he 'wanted' to sell, but that doesn't mean Tripp will buy it nor will MJNA.
Stop pushing this, its a bad business for a big company: its okay for a small company, but not MJNA.
If the patent lawsuits don't stop them, then the companies that make hundreds of thousands of nearly identical vending machines will change up their design and start pushing their own. With an established consumer base and recognized brand, they will dominate and small wanna-be's will get crushed.
Take it from an MBA; its a bad business to enter.
If it wasnt for the 10, you'd officially be in the middle of nowhere.
According to 4kids, 336M float makes my calculation 10% buyers today.