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So Kannaway insiders will be selling 500K shares a day. I'm sure all the rule 144 forms are already on file.
That is 1% of average weekly volume.
FDA on the offensive against companies like MJNA on their claims.
http://www.usnews.com/news/articles/2015/03/11/fda-brings-down-hammer-on-cbd-companies
Soft launches of new products is quite typical.
"Dixie Botanicals" is made from toxic hemp paste, the real medicine is now under the brand "Dixie", MJNA sold it back to Tripp Keber in a lawsuit. Dixie (not botanical) is still made in Denver with controls. However, it's success in Denver will not flow back to MJNA in any way.
MJNA lost support at .12 and volume accelerated toward .11, it will be interesting to see if it bounces or cracks that level.
Perform the same calculation to many other tickers for the same result.
What is the value of stocks in this sector?
I have also advised all interested to use the full 350,000,000 in all calculations.
Now that was interesting!
The cost of capital for TRTC sure was expensive... for shareholders.
But they are making progress and have one of the lowest Authorized share counts at 350,000,000. However most of the # is spoken for....
Some companies have up to 5 billion authorized shares.
Private capital is still the place to be, but this is a decent public play, IMO.
Excellent post Lax1!
True CBD, they are trying, and I think Walmart is touting "local growers" now, so should help in the states we have EG. I gotta fly out to NJ and check it out. But maybe should pick Florida this time of the year...
Unfortunately that's very true currently, however once economy of scale is reached it will be profitable, but still always a low margin.
But I'm a foodie and want healthy options whether from edible garden or our local company that is private here in Denver. That crap sells like crazy in affluent food conscious areas. So honestly not sure why Walmart is a distributor... wrong demographic IMO.
MJNA: The #1 Authorized Share leader at 5 Billion, 1 Billion outstanding. 4 billion left to dump... Realize this massive # of shares makes MJNA's market cap totaly overvalued... IMO
Look at the "quality" of the revenues as it's all an intra-company shell game moving money to appear things are good.
The best thing going for it is it's ticker MJNA to bring in new "bag holders"
Danger.....!
sfe306, the deal with Dominion was horrible at best, but start-up capital was not easy to find in 2013-2014. The recent equity line of credit at a 5% discount is very good at this stage in development too.
That I will not argue at all, in fact I wish I was Dominion, they made and continue making BAN
PS: I'm not a novice, I'm ex-financial audit and compliance. I used to nail people to the wall for not following the rules..
sfe306, the company can and will issue share up to the A/S. IF a authorized share increase is needed, they will increase it. Cross that bridge IF needed. Pure conjecture to say it's required.
I'm more than welcome to clear up the 1/2 truths here when I have time, but I don't have private message....
Dr kevindenver Phd
Please provide the SEC or FINRA rule that states that the A/S must be increased to satisfy a reserve share requirement thanks.
If the rules have changed since I retired from finance, I'll agree.
Edit: So far everything I've read says I'm right... Only IF the shares are needed for issuance will the A/S need to be raised, and that NEED may never arise.
Also, I'm on record if I had real voting power to raise the A/S for accretive acquisitions. Why because I'm a venture capitalist who likes to see small companies succeed!
Dr. kevindenver Phd
MJNA does not sell produce because they have NO growing experience, they buy toxic hemp paste instead.
Maybe if they had some quality control and state licences they could have been a contender for 2015...
I owned MJNA in 2013 as more details of poor management and awful business plan emerged, I realized they would not be a future contender.
So agree, MNJA blew it when they lost the REAL "Dixie" and are left with "Dixie Botanicals". CBD from hemp is so inefficient it will never have decent margins compared to producers from cannabis. Plus, the industrial hemp paste they use is laden with heavy metals and other toxins.
Remember 1 Billion shares are now outstanding, with 4 BILLION left to dump!
Wrong the reserved shares to meet their obligations MAY exceed the A/S it does not mean an A/S increase is needed at all.
Pure conjecture.
Dr. kevindenver Phd.
Thank you so much for the context dtebe!
Yes, TRTC needed capital now and will put it to good use.
I 100% agree with your statement, to watch their financing activities for 2015. The CEO has stated a few time TRTC does not want to do an A/S increase, but I like GROWTH, if it's an accretive transaction. I'm all for it! But the common stock has zero real voting power....
Build it TRTC!
Dr. kevindenver Phd.
Not all PIPE financing is "toxic", heres a little lesson from this site:
http://media.mofo.com/files/Uploads/Images/FAQsPIPEs.pdf
PIPE transactions have received negative press in the
past. How does the market view PIPEs today?
In the past, PIPEs have been confused with death spiral
transactions and equity lines of credit. See “What is a
death spiral or toxic convert?” and “What is an equity
line of credit?” below. Unlike PIPEs, these transactions
can result in ongoing and substantial dilution. Also, the
SEC’s enforcement division has brought a number of
actions against hedge funds and other investors in PIPE
transactions that traded in advance of the public
announcement of the transaction while in possession of
material nonpublic information or that engaged in
manipulative trading practices in connection with PIPE
transactions.
PIPE deals have grown in popularity over the past few
years. The types of issuers taking advantage of the PIPE
structure has broadened from small companies to New
York Stock Exchange traded companies. In addition,
the numerous publications, websites, and conferences
that cover the PIPE market have made the PIPE
structure more familiar to investors.
Unfortunately the stated revenues for MJNA are all shell game movements of cash between related companies.... One reason MJNA no longer puts details in their fillings!
The increased competition from non-hemp medical CBD producers will make MJNA completely uncompetitive. In the medical states, MJNA has lost what little advantage they thought they had....IMO.
Ok, but with the "other company" on the pinks, simply doesn't disclose...
Right the Roen case may not be a big deal in shares. MJNA was ordered to release about 50,000,000 out of 5 Billion shares they can authorize and issue, so it's only 1% of the company once fully diluted....
Many companies on OTC and listed have been halted for misrepresenting their financial situation. MJNA can hide under the low reporting requirements of the PINK sheets for only so much longer...IMO
http://seekingalpha.com/article/2767885-roen-ventures-wins-summary-judgment-in-its-lawsuit-against-medical-marijuana-inc
$$$$ GET OUT BEFORE IT'S HALTED! $$$$$
Their loss in the Roen Ventures, LLC case, proves how little shareholders know about what they own, why because management doesn't disclose. Welcome to a actual PINK sheet stock, doubt me, go to OTCMarkets to learn about required disclosures on the different OTC tiers.
MJNA shareholders are flying 100% blind.... and management has PROVEN their willingness to NOT disclose the REAL capital structure or undisclosed material events....
Dr. kevindenver PhD
So true... with 4 Billion shares left to dump...
Quote: The only connection between MJNA and anything else around the globe is toxic hemp paste with living microbes that it imports from China for CBD.
Dr. kevindenver PhD
I'm just trying to present the glass half full argument.
At the moment, TRTC is the best of the "worst".
I have received many accredited investor solicitations for 2015. You'll have more choices in 2015. TRTC is main survivor of 2014, inspite of it's current PPS. If you honestly believe PPS has a direct correlation to a company's value on the OTC, you should to re-read the S-1.
Dr. kevindenver PhD
Well, my perspective is of the future, I live in Colorado. Employers and doctor offices have stopped testing for THC, as it's 100% state legal.
I have never worked at a job that asked for a drug test, but my positions are upper executive or higher.
If THC does become an issue, their partner's can extract only CBD for those draconian states.
IMO this is not an issue.
Dr. kevindenver PhD
Exactly Rickylane, TRTC is a play to revitalize the American farmer.
I get that "Edible gardens" is currently not able to pay it's own part of the "bill", it will soon. Veggies are low profit margin crop, but TRTC has added new more efficient systems and will be at a critical mass to be profitable soon. IMO.
Eat your veggie!
Dr. kevindenver PhD
Please explain your drug test concept as it would negatively affect all medical cannabis companies.
CBD only products have very limited application in my extensive medical cannabis experience.
Dr. kevindenver PhD.
Drug Testing is not an issue.... and would relate to all cannabis companies....
Required drug test are a thing of the past.... prohibition is ending!
Thanks Sleek, so we've already got parts of the OTCQX uplist requirements for TRTC in place, NICE!
I know OTCMARKETS tier system, but I really hope it "cleans up" the venture capital space...
IVXX Trademark Search link:
Source: http://www.uspto.gov/trademarks/index.jsp
The current user of IVXX is registered and allowed to use it on:
IC 025. US 022 039. G & S: Apparel, namely, T-shirts, shirts, shorts, pants, sweatshirts, sweatpants, jackets, hats, visors, shoes, sandals, dresses, skirts, underwear, socks, bathing suits and belts
"IVXX Elevate" as a trademark has only been requested by TRTC
"IVXX" for other uses does have other applicants.
I appreciate the request to re-review and clarify/correct any statement I make.
MonestHind at least you present the negative case for the whole sector about equally....
Very bad news for MJNA and it's 5 Billion A/S, 1 Billion now outstanding, so much for the "management imposed" O/S cap. Bwaaaaa!Such liars!
Management provides zero material information and hides the truth. I would not trust MJNA management after this little gem.
www.seekingalpha.com/article/2767885-roen-ventures-wins-summary-judgment-in-its-lawsuit-against-medical-marijuana-inc
Well it's even worse for "the other company" if it gets halted as next step down is the GREY market... They will be lucky to get $.05/share.
The smarter investors will start seeing the light after they read that SA article regarding the non-disclosed convertible debt and realize they were duped big time. They will come to the TRTC side, begrudgingly for "the other companies" diehards, but if you want to be in the sector, you have to invest somewhere.... TRTC is currently the best play. IMO.
There is NO Trademark or Servicemark issue. The only other "live" allowed users of IVXX are for specific products only!!!
"IVXX Elevate" is solely owned by TRTC.
Don't let them lie to you see for yourself:
http://patft.uspto.gov/
Sleek I give you until 2017, OTCQX is a much less expensive option and will allow for more institutional investment. That said, I hope you're right and I'm wrong.
Precisely why non-reporting PINK sheet stocks should be avoided at all costs. I too expect that "competitor" to be halted soon. A company can get away with a lot of financial shenanigans on the pink, but non-disclosure of material events should be an issue.... that competitor has 1Billion shares outstanding with 4 Billion more to issue per it's A/S count.
TRTC is fully reporting to the SEC and not a PINK, it trade on a tier above called the OTCQB, and will probably be able to uplist to OTCQX soon, I don't see any other uplisting for a few years. IMO
There is no such thing as an afterhour quote on OTC...
All market makers pull their quotes from the system at market close.
The quote below actually shows a crossed market, a no-no in the system, why because it CLOSED and the quotes are not LIVE. GAWD!!!!!
After Hours: 0.255 -0.025 (-8.90%)
Dec 12, 4:35PM EST FACT !!!
There are no after hours quotes on TRTC, if a Form T trade was reported after the close we all would know.
The close on 12/12 was the "real" close.
Interesting Sleek, I was traditionally trained, but I to have much more success trying to apply my 1st love of Anthropology/sociology to investing.
What I call a "story stock" is much like your "imagination stock"
People need to be forward looking to succeed in any venture capital, public or private.
This board is lacking "Imagination"....IMO