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I was buying today!
I am on the 5 year plan... Hope that is still a good prospect?
Yes, yes it is!
That is not news, just a press release picked up by a robot and reprinted. If it was printed in the paper, whole 'nother story... No pun intended. ;)
I agree that we are going places higher, just not sure we are there yet. Either way, I am ready!
Agreed, but I am buying at .085-.09, I am pretty sure it will get there.
Hold, but do not buy (IMO) unless it drops below .10. Buying now I believe you will expose yourself to a .03 loss short term.
Standard penny! News comes out, stock opens high, majority of day traders flip there entire stash of stock all the way down to re-enter, rinse wash repeat, same story on all the MMJ stocks right now.
I would do the same, but my current job does not allow me the ability to watch all day. I do believe over the long term all will make money, but you have to endure the roller coaster
Just grabbed 10k more today at 1659!
Absolutely!
I always have a base of 100000 shares of every penny I buy. Everything else gets flipped short term due to ADHD
Been flipping 25% of my position all week, gaining on the long and short term. LOL
I have sold half. Waiting to see where bottom is now. I believe we will see .12 before 1$.
No, but I am at age 40! LOL
Way old!
Show me .149 so I can grab a few more shares.
Me Too! 10k shares.
Trend noticed... I used to be able to buy a block of 10k shares of MJNA with out having to use "all or none" but not anymore. My blocks are filling in 3-4 broken buys.
Is this a good sign for our investment?
Which way today... Sideways?
What's this all about?
Check it out... 25% tax!
http://www.fox21news.com/news/story.aspx?id=891791#.UYBTkMu9KSN
Vapor09
Interesting reading...
Could MJNA be the borrower?
Home > Featured > Private Equity Firm ...
April 30, 2013
Private Equity Firm Offering $250 Million in Cash Advances to Marijuana Businesses
Tags: Guardian, mmj banking
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by Anne Holland The first major crack has appeared in the wall of federally-regulated banks refusing to do business with the cannabis industry. A private equity firm based in Delaware has launched a bank-backed fund of $250 million to offer cash advances and lines of credit to marijuana-related businesses.
The funds are being offered via Guardian Data Systems, Inc., a provider of financial services to high risk merchants, including dispensaries. According to Lance Ott, a principal at Guardian, the fund’s executives come from traditional banking backgrounds including Barclay’s. He also noted that the equity firm is in fact backed by at least one large, traditional bank.
Industry veterans will not be surprised to learn that both the private equity firm and its banking partner prefer to remain anonymous. That lack of transparency is not likely to concern business people in the cannabis industry, which has long been starved of the external cash investments which traditionally help burgeoning industries gain traction.
Based on the structure and rates of the loans, the bankers are set to make strong profits on their investments. The interest rates charged – between 14.9% and 28% – reflect the riskiness of the cannabis industry. The loans will have built-in safeguards to reduce that risk: successful applicants must show existing cash flow or personal financial resources to cover the amount loaned, and repayments will be automatically debited in daily or weekly installments. In certain cases, the loan could be tied to – and show up on – the applicant’s personal credit report.
Business owners who can meet the terms of the loans and who are willing and able to pay the listed interest rates will be able to take advantage of funds through three different programs: Lines of credit for businesses with funds in a bank account, cash advances up to $200,000 for organizations with at least $10,000 in monthly sales flowing through a business account, and a separate merchant cash advance program for businesses with established and legal credit card processing facilities. This last type of loan is not available to dispensaries or other businesses which touch cannabis itself because they cannot legitimately accept credit card payments at this time.
Thus far, the fund has loaned $250,000 to a grow operation in CO and $8,500 to a dispensary in Seattle. At maximum loan amounts, the fund could invest in over 1,250 individual businesses or locations.
No matter how carefully veiled the players are, this is the first move by larger financial institutions to back off from the “no MMJ!” precipice they jumped off in 2012. This move will be viewed as a shot in the arm to expanding business owners and as a step forward to industry legitimacy.
http://mmjbusinessdaily.com/2013/04/30/private-equity-firm-offering-250-million-in-cash-advances-to-marijuana-businesses/
That is so true!
Looked at the orders page. No stock until 15 May, but you can order.
Also, asked for their company address so I can Google Earth it...LOL
I am waiting for any PR that is factual, simple, and picked up by a third party as news worthy.
It all Bush's fault...LOL.
I finally had to divest 50% of my MJNA to diversify through out the MMJ sector. I just could not listen to the third skip of the record that said this will go no lower. Made $4000 on another MJ stock that was up 50% today. If it goes up great, I am still in, but the real play is to diversify this sector.
I will sell the rest of my shares if this investment opportunity passes with no investment, coupled with no factual Q1 by 15 May. Tons of opportunity in MJNA, but big swings and big misses lately...
Neo,
I agree, not trying to cause concern, just being honest of my experiences in this sector the last 6 months.
Endexx is going to run (and due) for sure, but VNDM has been a constant sign of when a stock will end its run and begin to find support at lower levels. Yes, coupled with other force multipliers, but it seems to be a constant in the equation.
IMHO
Respectfully,
Vapor
VNDM has been crushing MJNA for the last two weeks driving the price down. I hope to see this run to .57 before they begin unloading their shares to the market. Please let us know if VNDM begins to sell into our run, it will be a signal to begin getting out.
Just halved my MJN$ position to up my position here! Good choice, been following for 4 months and accumulating. This is a good play along with others!
When we hit .14 I sold half of my MJNA and uped my EDXC position. .14 was decided long ago when I got in at .10. MJNA will recover, just have to wait.
Worth repeating!
SA authors would like you to believe that they are right, and the following companies/groups have been successfully fooled by a fake company that is worth $0.00, oh and they have absolutely nothing to gain from their actions.
National Geographic
60 Minutes
A64 Task Force including Colo. State Rep Jared Polis
Snoop Dogg
High Times
90% of the dispensaries in Denver
Martha's Vineyard
New York Times
Wall Street Journal
Huffington post
Huffington Post Live
Arcview Investors Group
SEC is not interested in pinks
How high? I have long term faith, but the short term is looking a bit rough. Suggest people start accumulating now, but not burn all their powder yet.
I hear that. I am a believer in MJNA, 25% of my portfolio is invested. But, I think they are missing some simple opportunities to promote concentrating too much on big opportunities.
But, why was there no photos on FB, Twitter, or other coverage. I saw only one here (backstage with Snoopaloop) and when I looked on the Internet for the movie premier, there was nothing in the photos. This thread should have been full of photos that people found.
Nothing happened with 4/20 news. No FINS and that is what this needs. Snoop Lion and the movie premier did not have DIXIE in the spotlight. There was no "public" advertising at 4/20 either. No banners, signs, posters... If I was doing advertising for MJNA I would have dropped $2000 at kinkos and got a few banners and signs, and tossed them up around the premier and between telephone poles. Then I would have posted pictures on FB of all the advertising... optics are everything.
I am long, not selling for at least a year. I may flip a few every now and again, but not more than 30-50% of my position.
If you look at the trend prior to the .50 pop, you can see it setting up again the same way now. The pop will occur is 60 days, mark your calendar. The pop will be 5x the price the pops starts at. Coupled with solid FINS and continued good, factual news. JMHO. Mark 24 June 2013.
Great photo. Where is the public advertising?! I have a few back stage photos as well with celebs & NASCAR drivers, does not mean they endorse me!
Come on guys, we need a photo of the public advertising Snoop and MJNA are doing in PUBLIC!
I see nothing on Snoop's pages about MJNA supporting him. The picture he posted at the movie event venue has no MJNA advertising... WHERE IS ALL THE GREAT PRESS?