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its looking like boom time baby!
No idea who they are, but I’m sure that’s the plan as I have not been these huge purchases as of lately. The stock has been still making very few transactions each day, but those few have been anywhere from 5-60k$ buys at a time. That is definitely not your average Joe taking a position.
One of the best parts about this stock is there are litterally like 20 high rollers and we own the structure. The 10k specifically says 6.65 million dollars worth of the company were purchased last year by 19 accredited investors and one none accredited. I am the non accredited. I went in big here because of two things. The structure and the product. Paris is producing high quality and potency cannabis at minimal cost. The debt in this company can be completely wiped in a hand full of harvests. If all twenty investors just have the fortitude to hold, this ticker is about to be float locked. I’ve got a feeling it’s going to turn into one of those that just has massive candles and gaps. The filings also show they will have the 260 acres ready to go for q4. 260 acres is about the entire outdoor market of Canada. No they won’t be growing that many next year because they will scale properly by need. However, we’re currently trading $15 mil MArket Cap and we have the future potential for that kind of expansion at one location in the event of say open borders with federal legalization. We are so undervalued right now it’s not even funny. Every other ticker is trading at an unfathomable multiple, mjne will definitely see its day. I have no problem relating my position as I am averaged lower than every executive. 675420 shares at .265. I believe in these guys and specifically Roger’s ability to put the right management behind this company. I’ve been whacking the ask on this stock 5-$20k at a time over the course of the last two years. I won’t lie the 10k was revealing I had no idea how close they were to bankruptcy. That being said I am extremely grateful this opportunity presented itself to average down and for the determination from these guys to keep us alive even through a pandemic. Things are finally turning around for this company and currently the price to get in is an absolute steal in my opinion. Hell I thought it was a buy when I made some of my first purchases .8-1.20 years back, a steal at .41 when I bet the whole load there. Had the season of my life in my business and decided you know what I’m throwing my entire profit from my company behind these guys, I believe. Here we are today. I’m not a financial advisor so please do not base your investments off of my opinion, I just feel with so little out there it would be nice for others to see that there are substantial investors in here that believe in Roger and Paris’s vision. I’m glad to see we were able to put a hold on the hotel because nobody is coachillin at the moment. What I want to see now is let’s eliminate the debt, transfer the license to the 260 acres and continue growing under the curaleaf contract till 2026. If they just pull like 4-5 million out of the curaleaf license for the next 6 years that alone has us undervalued. I wouldn’t even care to see them dump all of the other locations and build a building on the 260 acres. We could just plant massive fields and provide bulk product to other businesses and never even deal with shut downs and regulations. The structure is tiny. We start growing 100 million plus in product every year with this size structure and we’re looking at life changing PPS climb. I’ve waited years for this, so have they.
News out! Ladies and gentleman let this year 2020th hunger games begin ?? https://www.globenewswire.com/news-release/2020/12/15/2145238/0/en/MJ-Holdings-Inc-Announces-Filing-of-Annual-report-for-the-Period-Ended-December-31-2019.html
Big step! That was a ton to cover! Started looking good by the end of the filing. Man things were crappy! But hey that’s why the PPS is down here! On to the good stuff! I wouldn’t be surprised to see at least the 2nd and 3rd qtr come out with q4 because NV got shut down from covid, but I’ll bet q4 was stellar with shortages in NV due to the shut downs. That last harvest was timed perfectly to capitalize on the reopen!
The cannabis they grow looks like it is grown indoors and its not, top notch product at a fraction of the cost to grow! that cost savings makes this company highly competitive and puts them in a position to set the market price in NV and any other states that are already in like CA. Most people don't even understand that they are already an MSO. No one takes the time to look back at old filings, and that's why so few actually turn big money on an investment like this! starting to get real exciting here! what a ride this thing is about to go on! almost exactly two years ago this ticker started a massive run! It got as high as $8.5 dollars in about four weeks time! Happy New Year!
It’s alive! Next week should be real good!
looks like twenties could go anytime, think were going to see 30-50 cents really soon. might not be any resistance at all I think the bulk of the volume is going to happen 1-3$
at the level we are at now, they don't even have to prove anything for it to go racing. we are undervalued in accordance to filings way back never mind whatever they show they have done since. multiple harvests and potentially any positive revenue posting will send this rocketing. Paris bought the 260 acres next door to the Acres Curaleaf site too. Imagine what will do with almost 300 acres. literally almost 100x the grow they just completed. that 3 acres already has them label the largest outdoor grower in the state, never mind that they are doing it with and in close proximity to the largest is angle name brand in the country. that's just what we already know from past filings. im real excited to hear something new for the first time in two years!
agreed once they fix the filings its going to be a feeding frenzy here. most people are in $1 plus shouldn't be much for resistance on the way up, we basically came down here and stayed put for two years. breaking out of the twenties was the "big" resistance and for the most part I am the twenty and im not selling so even that is not truly a resistance level. bought way heavy in the forties took me all of this year to get my average back down to this level.
agreed 651k and counting! a handful of people own this entire structure its going to seriously move
the pull backs have been on virtually zero volume lol
looking good!
but yes also buying not much though! only 10% of it granted I did take the first bite like I always do. if you have been curious who swallows the ask a couple times a week that's me lol
thank god I can not take all the credit lol I have been buying for two years and finally the last month there has been help lol
tomorrow would be a perfect day. would end the month on a massive candle with tons of volume. a great start through December going into the new year. Lets hope they are finally going to take us shareholders into consideration
I’m hoping they are in for November would make for a nice close in the month of November and we’re off running through December and into The new year. Can’t believe I’m saying this but if we are still here I’m planning to hit the ask even harder, probably not another 80k$ harder but slap it for more none the less! Good luck everyone!
As soon as they go current this thing could just straight up open .5 plus
Boomtime baby boomtime!
625k and counting ??
Keep your eyes peeled I think its going to be tomorrow! the last NT_10q said that this years q3 was going to be filed within 5 days of its due date and that was filed on the 17th. tomorrow is day 5. Pay close attention here, im expecting a feeding frenzy once they become current again, never mind the back up two years of news to follow. This ticker is way undervalued here and they are going to want to drive it up as high as possible, especially with all the cannabis hype in the news! Exciting times here!
Looking beautiful for next week!
love it what a beautiful pattern this thing is going to be a monster. wouldn't be surprised to see it jump to the weekly 200 just off becoming current again.
agreed shouldn't be much resistance at all back to a dollar, most people are in here at least .75 plus. some of the executives have millions dollar plus averages! opportunity like this cause every half decade
the latest filing says they expect to have the q3 submitted within 5 days of its due date. that would be the 20th or tomorrow. in order to file the q3 that would mean they would need to file everything all at once between now and tomorrow right?
I just got a reply from the wolf of weed street on twitter! he said he is back in this ticker! This is going to be big
oo ya volume up tick, first filing in, even the L2 is starting to tell the tale with three new PUMA GTSM CSTI its been a long wait, stars are aligning!
first filing in! its go time ladies and gents, their going to come in like wild fire! Im sure they will b e eager to get them all out quickly as their best numbers are down the road from where they started dropping the ball. I expect them to become current like a light switch and its all history from there! expecting a correction here back to where it used to trade. dollars. after two years of DD all that I can find is that this companies PPS has suffered due to mis managed filings. Jim Kelly is well known and is the CFO for companies that work with 100's of millions. This is going to get corrected and we already know that the owner Paris is a Master Grower and capable of producing great products on a mass scale! Good Luck!
Boom time baby boom time
Volume way up here and holding PPS if this candle decides to stand up on this kind of volume, the next couple weeks could be real wild
has anyone in here seen the facebook videos yet on their page? massive harvest on the Curaleaf land, absolutely crazy they are expecting around 15k pounds of product
yes I bought in heavy to soon. but luckily was able to way up my size down here! Holding nearly 600k myself here
figured it out, I wasn't logged in thanks!
No idea how
Me too! Two years about! Paris is an unbelievable operator, I’m glad to see he has finally surrounded himself with the right people to get the financials taken care of. Fingers crossed they get things filed this week! Then going current and the massive harvest on curaleaf land are massive catalysts! Never mind the very real possibility that curaleaf May just completely absorb mjne. We will see but soon enough any shares under .50 are a gift from god. I’ve waited a long time but I’ll tell ya when I threw fifty thousand at this in the .70’s I thought it was a deal then never mind the .09’s-.25 I was able to average down with. Obviously all speculation. I have no further information on this stock other than what’s been PRed through filings and what not. They should be just about complete with an 8k plant harvest under the curaleaf contract! Looking forward to hearing about the harvest and becoming current again! This thing deserves at LEAST a dollar PPS in my opinion
Wow the charts look beautiful! No doubt this does a dollar or two. My only question is will it over react and do something ridiculous like 20-30$ like it’s opening offer. I am one of the largest holders in the company. Have been investing in the open market for nearly two years. Between myself and less than a handful of others, we control about 2/3 of the current float. That only leaves about 3 million tradable shares! Did I mention the wolf of weed street just started loading this ticker big time?!! Look at today’s volume that’s him taking a massive position like my own. Before to long there won’t be any shares available exciting times!
This is crazy no one even knows about this ticker and it’s about to explode. Filings should be complete any day now, massive harvest and word is that the Wolf has started taking a position here again. I don’t know if you remember the last couple times he ran this around $5! Looking forward to a substantial move here!
Yes make no mistake this is a multiple dollar stock that got crushed by terrible management. Management has changed hands. They are currently harvesting 25-30k pounds worth of dried flower on only 3 acres of 300. This harvest is worth .51 at no multiple that’s 4x Current MC. That’s before we talk about Fortune 500 Roger Bloss and Coachill Inn worth millions itself. The Inn will be the epicenter of Coachillin Business Park expected to do 150 million per year. With a float this small there is no telling where we will end up, but there is no reason we shouldn’t be trading 500 plus million market cap. See you at the top
I think this Sabby converter is just about done here. Short volume has been astronomical and volume has been way up while relatively holding its price all things considered. Anyday now looking forward to a well deserved break out 10k will suck but Q1 will be great. Last year was asset building, Q1 is going to be a sure sign of the fruits reward from the significant investments they have made!
Holy moly! Guys Cannabis was just deemed essential amidst the crisis in NV and CA! Cannabis sales are surging as all of Las Vegas except weed stores like $MJNE are closed! The only thing you can do right now in Vegas is buy weed, food, and meds. Mjne did 1 million in flower over the last two weeks! Don’t sleep on this one! It should be trading multiple dollars!