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I too seriously want to know why Michael James "deserves" such compensation.
But IMO. I will cut some slack on NRTI, as being CEO of an entity with high execution risk all around, may not be "all" his fault.
Being an armchair CEO and making comments are fun for people...so I get it.
$37K worth of stock sold... I made that much on put options on Friday. Big deal. Theses are her TRTC shares of stock to sell... poor timing I agree...
Now delinquent in their fillings too:
http://www.otcmarkets.com/financialReportViewer?symbol=MJNA&id=143076
Anticipated date was August 19, but they need to dump a lot more stock, thus the silly posts here telling people to go long.... to be a real "bag holder".
These "big trades" are simply MJNA "giving away" shares at a major discount to MM's to sell to suckers.
MJNA is a dilution PIG...
Late again to submit financials.... OK see if it can break .05.
"Notification of Late Filing"
http://www.otcmarkets.com/financialReportViewer?symbol=MJNA&id=143076
Now this is interesting, not worthy enough to buy MJNA.
But, this is the potential nugget of value layered deep inside this pig.
Wow what a beating right now...
Glad most are simply watching.
So Kannaway is collapsing with it's distributors hard earned money wasted on unsellable product and they probably bought stock in the hype.
Sad double whammy...
Must not be so amazing the volume is poor... with no real demand, just a simple MM mark up to dump shares to the suckers.
Not short covering, straight up buying... this is real demand...
BTW, there is NO major shorting on any OTCBB stock, short covering is only for "real stocks".
The MM's do cover shorts, but they do that on the sly...
Probably because the "story" hasn't changed and TRTC is hitting milestones as fast as the can given the circumstances.
TRTC is not your ordinary P&D equity financed stinkie pinkie.
Similar story here Mr. Sleek.
LOL, good one...
Fluff with no real price action other than MM's trying to make prints above .045
Nice try MM's no demand from the fluff, try to hold $0.05 on the ask...
Edit:the axe VFIN just dropped ask to .048, doubt it can stay .043 on the bid.
Classic shell game of creating "revenue" intra-company...
No way MJNA to ASIA, it's to the Moon baby!
They got a contract for simple revenue of less than $.001/outstanding share. Just imagine how little profit can be generated in a best case... $0.00.
Wanna buy some stock.... I hear it's a hot one... Bwaaaa!
"socialized" medicine basically means the government of Brazil IF they buy any of MJNA's products will be GREATLY discounted to the producer (MJNA).
Look a how much big pharma loves socialized medicine PRICE CONTROLS, which equals NO pricing power for poor MJNA.
Oh boy look at that humongous Asia News, buy some of our worthless equity...
NEWS of potential revenue of $0.001/share...
Such BIG plans to sell stock to suckers....
Equity financing is not always TOXIC, but yes some MM's are "facilitators" for the sale of equity.
"They" usually let a few companies survive. Thus why I think Dominion still holds 3.9% of TRTC, their last tranche, and below the reporting requirement.
Sometimes there are opportunities where you are lucky to get the cheap equity. I usually go the accredited route for units with "kickers".
I agree TRTC a very different deal and different company, but some MM's send shivers...
Are the MM's BMAK and BKMM fairly new? Magna's minions?
I personally don't recall them as active MM's in TRTC.
I'd concur, BMAK is often a "facilitating" MM.
But I bet it's for Magna, not Dominion. But just a guess.
Amazing how low you can get your cost basis on core shares with a few successful trades...
Enjoy the ride!
Strange, some morning buyers did run it up to .134 as of this post.
However, with the incredible number of outstanding shares it translates to nothing....
Go Brazil! Now they can uses the excuse of a poor currency exchange....LOL
You are correct, wrong stinky pinky...
Oh and you never corrected me, maybe it's up to 3 Billion outstanding by now. I'll have your link if and when they scan in a 10Q written in crayon.
LOL
I knew the A/S is 5 billion however, it was never 3 billion.
No link, it's a bare bones reporting PINK.
Did you know the A/S was increased from 3 Billion to 5 Billion per http://www.otcmarkets.com/stock/MJNA/profile
1-Year from Now...TRTC could be worth $10 or be bought out.
imho!
I disagree 100% IMO, the equity financing is fair for the sector.
Share bonuses are deserved as they are executing the business plan.
Construction delays happen in any industry, however are augmented by legal issues specific to the cannabis space.
There are NO illegal branding issues.
Mismanagement...? They are steadily making progress.
Either you see the behind the scenes value or you'll miss the play.
Time and NV politics are also on TRTC's side.
"Bad" is relative to financials...executing the business plan is always a good thing.
Will MJNA execute in time, before it goes sub-penny?
Even if it does with 3 Billion shares, good luck with maybe .0001 profit per share, but losses will always continue.
Avoid MJNA!
Very little comparative dilution to peers. GO TRTC!
But comparing to peers is irrelevant....LOL
Welcome to an equity financed entity.... got anything new to add?
Sure is less shares outstanding and authorized than the rest of the pack....
Others here still don't understand reserve share requirements on a prospectus.
Sure there is the POTENTIAL to become fully diluted, it's a risk, but will it ever need to?