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Classic pump and dump... But, but, but, Brazil....
CBD no longer legal in USA, glad they got Brazil.
http://mjbizdaily.com/fda-says-cbd-products-dont-qualify-as-dietary-supplements/
But plenty of profit to not need to use TRTC's money.
Organic growth at no expense to the parent company.
Watch for another huge form T after the close.
The broker dealer facilitating the dumps has been giving other MM's a $.01 chop on their trades, like yesterday. The same thing will happen today, IMO.
OK the CEO letter I like... explains much of the saga I missed.
This stock is a mess, but.... after a reverse split and dribble to a more reasonable market cap, with all new management...
There "seems" to be an infrastructure that must have some value...
My investment charter disallows any OTC security below OTCQB tier.
Not that that really means anything.
I'm just here because I once followed and profited once in 2013. Kinda like checking up on an old girlfriend...
Is Kannaway taking the Project CBD lawsuit seriously?
You'd think they would add a recent lab result...
https://kannaway.com/lab-results.pdf
https://kannaway.com/
Sorry not a CPA, but just can't see Kannaway worth that much as a "real" asset nor have that much "goodwill" value.
DEFINITION of 'Goodwill'
An intangible asset that arises as a result of the acquisition of one company by another for a premium value. The value of a company’s brand name, solid customer base, good customer relations, good employee relations and any patents or proprietary technology represent goodwill. Goodwill is considered an intangible asset because it is not a physical asset like buildings or equipment. The goodwill account can be found in the assets portion of a company's balance sheet.
Read more: http://www.investopedia.com/terms/g/goodwill.asp#ixzz3aANEl2RS
I was once a owner in 2013 and profited nicely. I had very high hopes and thought if management was cleaned up I could come back.
IMO, I think it's way overvalued with inflated assets on the balance sheet.
Especially with current share count after the Kannaway acquisition of which we have NO details on what MJNA bought for it's $100 Million.
Believe me when I say GLTA on MJNA, I just don't agree right now.
Plus, you're right I don't want that pizza and beer anyway, but hate to lose any wager... ;)
Exactly, if I was a shareholder I definitely would like to have details on a $100 million purchase and justification of paying such an absurd amount for a MLM organization.
Especially since most MLM are considered scams....
Yea it takes a lot of time to be that creative with the financials.
LOL!
Definitely "goodwill" and not a real hard asset... How is a Multilevel marketing company honestly valued at $100 million? LOL
Thanks Doc...
I have until tomorrow's market close, before I lose that call.
There is a pizza and a pitcher of beer on the line here.
I stand corrected, I misunderstood the relationship of Cannavest to MJNA anymore.
Got a link?
OK, but seriously, Is this the old management suing the newer management..?
Cannavest v. Kannaway
Hempmeds v. Cannavest
MJNA and hempmeds v. Cannavest
Was Cannavest a majority owner in MJNA once...?
For some reason I think your IVXX # will be dead on... I think I heard it in a conf call?
The link is the financial report itself.
Why is everyone filing lawsuits against it's own entities? Page 11
Really?!
The major dump was done on Form T because...
To avoid creating “an unbalanced market”, market makers often do not report certain trades during the day to the public and then use a T Trade not to “scare” investors into thinking a market for that stock is going in one direction or the other at the spurring of one large investor.
Also isn't their a lawsuit between these entities?
Shall we discuss the manufactured revenues between these entities...shell game...
Come on read page 18.
All managing insiders all own less than 2%, except for HDDC et al at 47%
Here's your LINK:
http://www.otcmarkets.com/financialReportViewer?symbol=MJNA&id=138119
They're dumping it like crazy look at the 4,437.030 share dump at .062
Have no fear they have an attorney letter, even the extremely small amount the insiders can be sold.
Lack of insider ownership tells volumes.
Definitely read the attorney letter to see where their real concern lies, DUMPING STOCK.
http://www.otcmarkets.com/financialReportViewer?symbol=MJNA&id=138120
Item #1 is their main concern: To be compliant with rule 144 so insiders can continue to sell to bagholders.
Review:
http://www.sec.gov/investor/pubs/rule144.htm
Disagree, here comes .05 by tomorrow market close.
Funny commentary!
Had to come back for another look see, management is rofl(their)ao at the bag holders.
Thanks for the DD and LINKS.
I actually did lose track.... it was fun in 2013!
Oh well, nice chatting Doc.
Bye MJNA...
There are way too many serious legal entanglements here...
Even for play tech trading...IMO.
In the markets, pain to one participant is another participant's gain...
NO follow through confirmation from "umbrella doji" yet.
I'm sticking to PPS target of .05 by Friday.
Looking for an entry at .175
Nice dream, but highly unlikely...
I agree, more competition, but also a chance for differential product quality to shine. A multi-tier market will develop like here in Denver.
Bad shop's "TOP Shelf" is a different establishments "Regular grade"
Cannabis shoppers have a small learning curve for the basics.
I missed mine by .0005, but I'm here for fun, adventure, and entertainment.
I won the money thing in America, but not that exciting and hollow once you get there if you sacrificed the prior 25 years to get there.... philosophical food for thought.
Wow, I have a family.....
I never doubted it or meant any offence, technicals are technicals regardless of the underling.
What would you consider a confirmation in your eyes?
Really, I'm not intending to be a jerk. A tech based trade is a tech based trade even it I think the underlying is a bad investment.
I gamble on anything...
TRTC is so under pumped, cuz it's for real.