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They can do their DD, all that is easy to find... This board is best served with breaking news, not news from a month ago or even older.
I agree with you there!
I care: there is positive news that has a direct impact on what to expect today, then there is ancient news that has zero impact and is already priced in. If a shareholder does not yet know about 60Minutes or Newsweek, then tough luck: posting about month old news is basically spam!
This is ancient news!
Edit: make that total gain, not today's gain.. But still funny.
Lol! I have 46,300 shares and just looked at my portfolio, at .1093 (+9.06%) today's gain was listed at $420! A pleasant surprise.
I dont get it, why reply to my comment with a link to your user info?
Yeah, that's nuts! It shows it as red too.. That is INSANE support!!! I wonder if a MM just threw up a little in their mouths expecting to push down prices. Hah.
Apparently he's previously admitted to being bipolar, I wonder if there's some ADHD in the mix too.
It's just a media campaign: these four are splitting the cost to raise awareness.
MJNA is not buying them.
Because H*MP is the one who made the announcement so they twisted it to their benefit. MJNA may or may not pump this, they may just kick in cash for the campaign.
My concern: they don't have a lot of cash to burn through, a real media blitz is expensive and I'd rather not see MJNA use any of that LOC for advertising. If rather see that LOC debt go to acquisitions/expansion.
Now this is excessive: you already posted a link to this exact same info.
Finally something newsworthy from you. Nice find!
MJNA long!
That tier change was a result of the tier change that occurred a few weeks ago because our executives failed to report on time... That was not good, and today's change is not "good", as in progressive, it just means they did their job.
By getting that yield removed they turned around the two week downward trend that should have never occurred in the first place!
So now we get back to where we were with Q3 results... It's not great, we should have grown from Q3, not decline and return 2 weeks later.
I'm still long, but I'm not happy that the leadership failed to do their job on time and shareholders took the financial hit because of it.
Gives me concerns.
Can we get a mod to sticky the link to this data? Would be a great resource.
Ill be putting it in my browser favorites list.
If you're talking in excess of .112 or .113, I respectably disagree.
A) I'm not expecting a gap up, there wasnt very strong buy support at the end: might see .106 at open.
B) if there is a gap up, anybody who missed selling today will be waiting tomorrow and the shorters will slam the price: how far? Not below .10 IMHO... Any opening gap up will be met with shorts. Any gap up followed by shorts (without a squeeze) will just result in abating any excessive enthusiasm by the amateurs who don't know what they're seeing: they'll get excited, see all the selling and lose their momentum, and bail... Taking with them their buying frenzy that could drive the price higheri.
C.a) I don't think the Feds have to respond until the first store is licensed and opens the door to customers without medical cards. Is that tomorrow or like CO, will it take most of 2013 to get situated.
C.b) the Feds won't go after people with a few plants, they go after the big fishes, so the legal use of using it and carrying a ounce will be "legal" because local or state agencies would be the ones with the jurisdiction most likely. Unless you're already under investigation by the Feds and they have a reason to detain and search you.
If the Feds say anything, it'll be non-committal to either side. It will not be 'turning the other cheek' or 'turning their head away'... No matter what, they're watching and looking for weakness.
Of course, I could be wrong and they could say "dude... ... Um... Zzzz .... Um... Let me hit that s***!", however unlikely.
.004 isn't a bad day, 4% is not sideways in my book.
I'm worried about tomorrow, we saw the support for high prices completely disappear during power hour.
I'm hoping for a small bump to high .10x's, but I honestly think all the power of the yield removal and podcast has been spent, might see it drop back to upper 9s... Based on fundamental support calculations.
IMHO, I think .16 was extra election hype. Crunch the numbers and you'll see lots of support between .9 and .11... I used to say .12, but that was based on 600M S/O and we're at 750M now.
Even at .11 there's strong investor enthusiasm that just isn't being supported today. Maybe tomorrow... But I think the bump from the news is mostly over now that Power Hour let some air out of the tires.
Before MJNA failed to file on time, we were between .10 and .12, then they were late, the yield sign was posted, prices dropped. Now they're current again, yield sign is removed and we're back on track.
Why did they fail to report on time? Were they intentionally doing that to lower prices? Maybe. I'm not speculating, but I do blame the leadership for poor performance in regards to their responsibilities to the shareholders: their actions caused doubt which raised the yield flag and market forces reacted to that warning by selling down the pps.
After finally doing their jobs and reporting to OTC Markets, we are back where we were 2 weeks ago or so.
If anybody doubts that they did not report on time, do your DD. They announced their #s on the 15th but did not submit their report until 2 weeks later.
I need to re-listen to the podcast, he made some comment about being late on purpose.. But there is no excuse, poor performing executives who cannot do their job on time don't deserve to be executives and its the shareholders responsibility to hold the fire under their feet or force them out.
I am being real: unlikely is NOT a 0% probability... Larger investors are both concerned about this being pink AND the regulatory risk. Regulatory Risk is a key factor in valuation calculations... Trust me on this.
We are trading close to a 17 P/E right now. That is good.. That is investor confidence... But we're small fish investors playing in the OTC markets.
Tomorrow will say nothing: the fed doesn't have to file suit tomorrow, they can do it on Monday, or next Friday or whenever... They have plenty of time as the state works through their licensing and taxation issues. The only thing tht becomes legal is that people can grow up to 6 plants I think.. That size of grow operation is usually handled by local or state agencies, not federal. We have most of 2013 to be sitting around wondering.
New thoughts:
A stable companies P/E is between 12 and 16 which is a great measure of investor satisfaction and expectations.
Below 12 suggests low expectations/satisfaction and above 16 (and much higher) shows higher expectations for growth.
At .101 we're looking at 16:1 P/E
At .0762 we're looking at 12:1 P/E
With the yield we dropped below 12.
Now that we're current we should see some enthusiasm return, but the risk of *Fed involvement still dampens the fervor significantly. I think .10 is a good stable price that can only go down with MM manipulation but no lower than .076... We could see .12 with enthusiasm, but we dont have any good news to drive that. So hold on, we're going to be here for awhile.
* MJNA won't be crushed/shutdown by the Feds, just Dixie with their THC products. However Dixie is their major source of revenues and fed involvement could cause the PPS to collapse back down towards .02
We'll see what happens, but I think yesterday's action was pre-pricing in the clearance of the yield to being current. A friend of mine told me yesterday that the yield would be removed soon, and he won't say where he heard that...
Perhaps we missed the loss of concurrency and didn't properly associate the dropped PPS with that.
We were current before and they delayed reporting which drove the PPS down either by malicious intent or market forces, ill leave that you the haters to discuss.
Now that we're current again, we should return to where we were, .10-.12 based on Q3 earnings and the 750M S/O (15 to 18 P/E).
I think we're back to normal, sure, .10 to .12 is huge over the lows of .073 or so that we briefly saw, but to me, I'm not impressed, we shouldn't have taken that hit to begin with.
Congrats to those who were able to buy more, but I have no dry powder and only have my current position, so I was unable to capitalize on this recent bad performance.
Indeed: except right now we're on that curvy mountain round in South America somewhere that has no guard rails and vehicles go over the edge every day: dangerous ground being in the Pink with MM's wreaking havoc.
Malvern:
:) I'm still long, just setting realistic expectations: remember, we were at .12 with Q3 announcement, then we had dilution to 750M S/O (950 S/A) and a growth in the float.
Solid growth but not fireworks, and if we don't get more news in 2 weeks the MM's will start to do their thing again.
As well, did anybody hear him say '750M shares authorized'? We all know its 950M from the paperwork released the week before last. Was that a slip of the tongue or what? I'm not saying its anything malicious, but if the CEO makes a mistake like that, I'm not happy with that: leaves too much room for doubt.
Perhaps my tempered expectations are in regards to my averaged cost of .10. I'm not looking to harvest small profits from 1 or 2 pennies. So my expectations are realistic and long.
That 'uplist' is moderate at best.. From yield (a huge warning sign) to Current only says we're back to we're we were... MJNA is NOT A BB, its still pink: do not expect fireworks.
For true PPS growth, we need out of the OTC.
Touche
T Trade, a firm without electronic trade capabilities or something.. This occurred earlier in the day and that is not the closing price... It's just a late posted trade.
It's probably already recorded.. I only expect it to be released
I fully expect a gap up with the strong bid support and the expectations of the Q3 podcast... But also expect severe shorting, so if you have any dry powder, squeeze those shorts.
MJNA long.
Lol... .084 T-trade .. Whoops
And it's not a proper earnings call: its just a prerecorded podcast... Not likely to bring much attention.
There is an attorney letter that goes with each quarterly statement. This means nothing, other than perhaps a vague effort at transparency: the letter says nothing.
We won't see audit until after 31 Dec. they have 90 days to report the audit per SEC rules if they want to follow SEC rules, which they are not required to do as a Pink stock, but they want to do in order potentially uplist.
Oh! That explains alot.
Crazy volatility today.. I'm vaguely familiar with candlesticks, but this volatility suggests rather extreme competing forces.. Those trying to drive the price down are being met by demand its seems.
I wish I had L2 on my phone... Would have been fun to watch today.
Oh my, comparing historic trend analysis to Galileo?!
You think highly of yourself.
Technicals only work in pennies because everybody believes in them and uses them and its called a 'self-fulfilling prophecy'.
You can make money on them, but only in small increments during brief moments. I think technicals work best when somebody is pumping the stock. When there is zero news, technicals prove squat. Where's the huge bounce all the technical traders have been proclaiming for MJNA with all these 50MA bumps and encouraging support? The support is there because of the 50MA, ten the 50MA adjusts and goes down and the support drops again... It's all based on news, and technicals are just trying to read the pig droppings to guess what the pig will eat next.
It's like praying to god for rain, the entire community prays and when it eventually rains, they say : "see, god exists". When it doesn't rain, the preacher still gets paid.
Yes, but I do understand it, and its not perfect.. Can't say 'trust the technicals', ESPECIALLY with MJNA!
And what has your technical gods told you about MJNA? We've bounced off the 50MA so many times we're not on a double or triple low, we're on a quintuple or something.. Technicals could NOT have predicted this MM behavior.
No, Vmax is still here..
I just think we're all a little deflated right now, momentum in PPS is stale and so are we... Sideways.
Yeah, he's all over the place.
Technically its not lying if he doesn't look up the truth and only says what he was told by the company... In that case he's absolved since he's not an employee, he's not an insider, he's just a paid PR contractor (paid 500K shares mind you).