They all rock, but are not modern representatives of pot smokers...

As well, it was a pot smoking joke, not a real preference.

Yeah, I but any penny stocks that do that are usually in trouble.

I'd like to see a buy back drive up prices some, then a reverse split to get us into dollar land for quicker uplist to NASDAQ. NASDAQ is the golden land for MJNA stock.

LOL! Too bad this will get deleted... It's Internet Gold!

You can sell/rebuy almost every day for a .008 difference. Just sell within 2 minutes at the open and wait about 15-30 minutes to rebuy.

Except on last Thursday, that very slow climb blew my mind, but the drop came as expected, just delayed.

There's often a 2nd dip around lunch... But that's less reliable.

Yeah, that's what Tripp said on NBR part 1 I think.

Yeah, and Snoop Lion (formally known as Dogg), Ben Harper or Phish can provide the entertainment.

My guess earlier was .126 High and .123 close (end).

Yes. Agreed.

But if you watch the Fox News bit, their agenda was obvious and not geared towards shareholders but to scare people away.

Yes, it's rolling, but the slope is gentle and the hill large, it will take a long time to grow to an unstoppable force.

I'm not negative, I'm pragmatic. I'm just sick of the hyper enthusiastic people who waste their time here... They offer no analysis nor quantifiable data.. Just '.20 very soon!!' or 'Obama is going to legalize it soon'.

Quantify soon. What does soon mean to you?

As well, its not in the presidents authority to make it legal unless the bill passes his desk: can't can't just wish it the and he's already said he's worried about full legalization (but did leave the door open with caveats).

So much fluff and zero substance. Folks posting weeks, months and even years old articles as 'new' offer no vie to any of us and only confuse the situation.

An old article in context is good, but an article from Fortune Magazine in 2009 is not useful in analyzing near term performance of MJNA or the market in general.

Public support doesn't mean anything if some states will vote down MMJ laws and influence their politicians accordingly.
Public support doesn't mean anything if congress doesn't propose a bill and vote for it.
Public support doesn't mean anything if the president will veto.

We're years away: when all 50 have medical marijuana, then maybe full legal will be taken seriously.

States rights will always be an issue and if certain states want to ban it, they will and we won't have a united front.

Yeah, I wish I had L2s on my phone, its interesting to watch the daily action and also look at the big picture. January will be sideways mostly, but late Jan and Feb should be crazy.

In addition, I think a week or two wrote Q4/Audit we'll see heavy MM and even pumper action and it'll be a crazy ride through and for a few days after then things will find a new volume average. I would've be surprised to see volume start at 7M a day in January and by Feb 14th see 25M+ for a few days in a row.

Wow... An essay: I was only looking for technical/fundamental mathematic support... To many people here just ask and ask for info and offer little.

For Monday, I don't see the president's statement on Friday to have that large of an impact. .16 is a P/E of 20, and I don't think we have enough support for that yet.

We've been seeing less than 1/2¢ growth each day, and I'll give the president's comment a small bump... For Monday, I think we'll see an opening gap up to upwards of .126 max (1¢) followed by a drop back near .116 and close near .123.

This is conservative, pragmatic and realistic. There is no reason to think we'd crack the .16 ceiling right away we saw after the election without significant news, not just any soft and fluffy PR, but hard statistics regarding actual MJNA performance.

It's possible the Presidents comment will have a larger bump, but I think it will be temporary: between profit takers and shorts, we'll quickly return (a week or so) to the consolidated support we're seeing now.

I see very slow climb towards .16, consolidating all along the way, until Q4/Annual.

No. Tax revenues like this will have no impact on income, sales or property taxes. This will be too small to help individuals, but it will add money to the states coffers so they can manage the licensing, administration and enforcement of MJ in their state. Anything left over will go wherever the lawmakers want it, probably some general fund to pay for road work or some other intangible benefits.

SEC says a company must submit Quarterly/Annual reports no later than 45 days after the last day of the period. Dec 31st + 45 days = Feb 14 at the latest.

SEC says a company must submit any audit findings no later than 90 days after audit complete. Dec 31 + 90 = Mar 31st at the latest.

These are max # of days.

MJNA regularly posts their Quarterlies at the max 45 days (except Q3 which they were a few weeks late), so this leads us to believe Q4 will be 45 days.

As far as the audit, their past history suggests 90 days, but they are aware audit will have a great impact on the company and the sooner they report the better.

We all HOPE they announce audit with an uplist with Q4 for a super uppecut punch to the PPS.

Define soon.

That assumes Tripp is the sole owner of that 40%.

MJNA probably has first rights to buy any % Tripp would want to sell anyways: Tripp may get an offer and MJNA would have the right to buy at that offer or Tripp can sell if they decline.

That type of clause is standard in business contracts.

Don't worry, MJNA won't get into the smoking business.. It's not their strength and Big Tobacco has all the resources to dominate that if they buy/develop unique strains... Not a smart move for them.

Yeah!!! Wow!!!

Folks on this board need to be more skeptical and pragmatic.

Seriously.. People on here will believe anything.

That fortune cover is from 2009.
http://open.salon.com/blog/freedomisgreen/2009/09/15/fortune_magazine_is_pot_already_legal

Agreed: .16 is a P/E of 20 and I doubt anything short of Audit/Q4 will drive us to higher prices and multiples. (Reschedule or full legal anytime soon (within a year) is the longest long shot).

Wishful thinking. Anything in response to some fact irrelevant to operations will result in an irrelevant PR... I.e. more optimistic fluff and stuff. They're focused on growing the company, not manipulating the market by releasing corporate secrets before Q4/Annual statement.

Obama's statement only said individuals are not top priority: all it means is that the US won't be worried about MJ users in CA and WA. We are currently at a multiple of 5-6 which is a reasonable price: we're a an unaudited pink sheet dancing on the line of a federally illegal market:: dangerous territory.

So, for now, I think we will stay sub .16 which is a 20 P/E

What multiple/formula did you use to calculate $54M valuation? 4 : ((15M - 12M) + 12M) x4?

Technicals don't take into account basic fundamental finance and has serious flaws that are ignored when people guess wrong because of anecdotal evidence that supports them when they guess correctly.

Technicals have some merit, but following blindly is a huge mistake.

:) ..... My catch phrase I use all the time: INDEED!

I was replying to another post, not making a stand alone statement. There is a lot of what-ifs, and they are in regards to the original post.

Lol. I'm only worried about short squeezes as I see opportunities to sell to buy lower and increase my position.

At some point I have to sell $4k to pay for a vacation, but my wife hasn't told me when yet, so I'm long until then. Or when we hit $1 ill liquidate half to 3/4 of my position to pay off some debt.

Yeah, small position...

Yeah, I forgot that.. But Ted's still the boss.

Obama made the comment today and the online news picked it up, but it won't play on broadcast television until tonight for the entire world to watch.

Monday we'll see the Marlee's reaction to his comment.

This ride is like crossing the continent in covered wagons, its going to take a year.

Remember, Tripp is only the president Dixie, which MJNA only owns 60% of. Ted is the CEO of MJNA.

If Dixie is sold by MJNA, unless they give us a huge dividend, shareholders are screwed with a less revenue generating company. The company can hold the cash for a very long time and pay themselves salaries and bonuses and conveniently 'not find any new companies worth buying'.

If MJNA sells out (not up to Tripp), then we'll get paid whatever the sale price is, no more.

Obviously, the first scenario where MJNA screws the shareholders is the utmost of unlikely, but they could sell their 60% and then what?

As well, we all hope Ted holds out a year before selling... That would be good.

DERP!!! Brain fart!
A) Not tomorrow, but Monday.

B) totally derped and didn't account for variable change: Obama's message. I'm going to readjust my numbers:

Gap up? Yes.
I wouldn't be surprised to see .123 with a drop coming down to mid .11s with a close near .122.

A) I do not expect close to be > gap up.
B) I think this news is positive and will last for awhile and we'll slowly grow. I still think we could see a 20 P/E around .160, but not Monday, maybe next Thursday/Friday

If so, from .116 it'll be unsustained: great opportunity to sell high and wait a few minutes to rebuy lower.

Time an again, any time this stock gaps up, it quickly drops rather significantly.

Yesterday was odd because it took so long to drop. Today was nice because the drop bounced off yesterday's close.

Tomorrow, I think a gap up to .119-.123 is not unrealistic, but before 11am EST it will crash down towards .115/.116 before starting the day off positively.

Given recent movements, I'm saying .118 to .1189 close tomorrow.

Lets say a Big Pharma offered .117 per share and MJNA sold, how happy would you be?!

Each Q earnings has an impact. I can crunch numbers easily, but it would take a large table to estimate different possible earnings values with different levels of P/E (which is at best, a measure of enthusiasm/risk appetite/shareholder confidence).

Given an expected PPS I can tell you an expected range of earnings and their P/E values. That's just math.

What I don't have is the crystal ball regarding revenues MJNA will see. The latest PR statements don't have any justification of actual contracts or sales (they dont have to announce that stuff, but many many companies do announce big deals!). I'm a bit frustrated at that.

Could we see $1 at year end '13? Yes. Is it reasonable? Not entirely, but its not beyond the realm of probabilities (just like the risk of the fed).

I don't think $1 is statistically impossible, just improbable.

I think MJNA (specifically Dixie) is getting a ton of publicity and brand awareness. I expect 4Q13 > 3Q13 > 2Q13 > 1Q13 > 4Q12 > 3Q12.

How much? Year over year 12 over 11 saw huge growth! But at the '11 revenues, its wasnt a far stretch.

I think we could see 3-10x the 3Q12 revenue by Q413 announcement.

Lots of support at .113 I think we could see between .113 and .115 at close. However power hour and the dissemination of Obama's statement may influence it more.

Do you think we discuss risk because we're afraid?

No, we discuss it as a form of doing our DD.

We hash out both sides and it gives us and other lurkers (readers only) some data to contemplate.

Having a grasp on the risks and their probabilities helps us all plan our PPS expectations that will drive our individual buy/sell strategies.

Nobody is slamming MJNA, well, some get their panties in a bunch now and again, but all in all we're debating the value of any piece of news as to how it will impact PPS.

Pros and cons have an impact on every single 10th of a penny.

All he's trying to say is that the Feds are still hunting dispensaries...

My opinion is that its individual senior agents pushing that agenda, and that they don't have the man power to bring them all down.

Precious = previous. Doh

That's right: I'm educated and can evaluate risks, whereas all those who can't are screaming '$1' and '$2' based off of insufficient news. Somebody has to stabilize the conversation or the inmates will be running the asylum...

Tripp didn't say MJNA revenue, just adjusted market revenue. It jumped for the wrong reasons.