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If. Remember, this is MJNA, highly manipulated, lots of sell-on-news and still significant distrust of the executive leadership.
CNN drew attention like the elections did, but it was more than 2 months after the elections before things got hot.
I doubt we'll get any more solid support out of this: seems like its played out already... People buy the rumor and sell the news: that means all the buying is done.
I expect a withdrawal back into .16 and .17... Not necessarily today.. But possibly this week. Q2 is due Thursday, so I expect .20-.25 at most for positive Q2 and back to .12-.13 for what many of us expect as mediocre or vague and hiding more data...
Of course, if audit was really happening and finished that could break .25, but I don't trust Michelle..
People are more leary of MJNA, don't expect a .50 explosive growth anytime soon (without full legalization/rescheduling)... Organic growth only on quarterly reports, and with this company and the quality of their reports, don't expect much substance.
I appreciate that: but for all the dilution, 100 websites and pyramid schemes selling hemp products aren't worth the money raised. A few key ads placed during the right shows (CNN repeats of tonights show, Dr Oz, etc) could pay for themselves.
Advertise Now! We need to start another email/Facebook/twitter campaign informing the executives that we need to see commercials on prime time TV! It's all legal and over the counter, why aren't we pushing domestic-nationwide publicity?
In the wake of Dr Gupta, we should be surfing the publicity wave like Viagra or Cialis!
That Discovery show Weed Wars, or whatever, from last spring had a similar story of a little boy with seizures needing a CBD rich strain.
I felt the same thing then: why isn't MJNA advertising their 100% legal products on shows like that and Dr Gupta's special?
What can I say: I'm a genius. A genius who got royally p-o'd, started an email/Facebook campaign and got MJNA to release a letter to shareholders which proved our faith was misplaced and they really are flying by the seats of their pants.
I still don't like Michelle and think we need somebody of a GE quality to run it.
For those who are clueless: GE is simply a holding company like MJNA, all the companies they own make the revenue, GE just buys and sells subsidiaries based on performance and opportunities for synergies and improved operations.
This was huge for opening the eyes of non MMJ advocates.
My comments wasn't so much about the board, but advocates (not pot heads) have done their research and understand everything Dr Gupta shared and more.
This show will help the MMJ movement (I really don't care about the full legal movement, but I have no ill feelings towards it and won't dismiss it's benefits towards the economy and this company).
My goal as an advocate is rescheduling, and I believe full legal or rescheduling will have huge impacts on MJNA, which is why I don't care about the Full Legal effort.
Lastly, decriminalization is the wrong answer because it lets politicians off the hook for pushing a rescheduling agenda.
Great show: but it's nothing we weren't aware of on this board.
I'm not surprised the lead up to this show caused Friday's bump, however.
I still think this company has an extremely long way to go, yet I'm eager to see Q2 and find out where they are.
Potential? Absolutely.
Good company with good leadership? Remains to be proven.
I bet Q2 leaked early.
Almost no laws govern pink sheets, insider trading might be rampant for all we know.
I'm waiting for Q2 but this board has been lead by the blind for a year. Blind enthusiasm.
As well, you're saying that your .04s from last year have just been stagnating for these past few months not really earning anything for you?
Sell, take the cash. Q2 will not be impressive, and the price will drop further, then take those profits and buy more shares when that happens.
Holding onto this stock since the spike and drop is an opportunity-cost loser.
I did profit, but I sold when I realized this company had zero future until full legalization and given the decline in political support (and I'm not talking about 'grass' roots), legalization is years away.
Yeah. Price is the same as January. I'm certainly waiting.
MJNA is a Hemp company; all of its revenues are hemp based.
MJNA won't be a MMJ company for several years: nationwide acceptance is far from apparent.
I've stepped away for a few weeks, waiting for Q2... But looking at a few posts it sounds like a broken record.
Yes. MJNA mislead us.
They also failed to properly announce key changes in the board of directors and do they even have a CEO yet?
Waiting for August and Q2s. Not expecting any amazing revelations, except that there is no way they'll make $155 is revenues unless they liquidate their entire portfolio and walk away with the cash.
Back revenues would be nice. But that's a longshot.
Change the name: we're a hemp product company now, or haven't you read the PRs?
That would be great!!! Issue bonds! Stop hurting investors by diluting their ownership stake and directly impacting the PPS and hurting their portfolio!
MJNA doesn't care about any shareholders other than HDDC (Michelle Sides and Michael Llamas) who seem to maintain their ownership % with each dilution without paying for those shares.
We CAN get bank loans: we don't deal in THC, CBD is 100% legal in every way.
-950M shares outstanding
-No THC revenues
-Tripp Keber off the board of directors
-Negative operating cash flows
-Accepting and then holding illiquid shares in a company that values what you sold them for much less than you told your shareholders what you sold it for.
This makes for upset shareholders who won't pay a premium (large trading ratios) for a company that is changing directions every 6 months and has diluted a 50+% increase of its SO in 6 months.
The price has to settle to a reasonable trading ratio before people should take it seriously: if you hold a large position you should be very upset that management protected their own ownership % but not yours when they diluted.
What are you basing your price expectations on?
A reasonable valuation is a measure of revenues/earnings and the number of shares outstanding.
You keep ignoring that.
The Q1 revenues were not impressive and the number of shares outstanding were disgusting.
The PPS will be negatively impacted when the valuation goes down.
The valuation will be impacted when revenues/earnings do not meet market expectations (the market didn't expect to be cash flow negative, nor to be told of events that happened months before and clarifications that should have been made the year before).
The PPS will be impacted when the SO is increased.
Add devaluation AND increase is SO and you have a very direct result:: PPS DECLINE.
I'm not bashing, these are facts of finance and what actually happened when Q1 was released.
When you upset your shareholders, you will NOT earn a high P/E ratio or Revenues Multiple.
You should be upset at management for not protecting you ownership % when they diluted.
You're losing value in your portfolio because you chose to ignore finance fundamentals.
I think this company was a scam, but that they're finally realizing there is more to be made by legitimacy and are trying to turn the boat around, but it's no longer worth what it was because its not the company they made it out to be!
This is a small CBD focused company with a huge share structure: they need to change their name and stop changing their direction and focus. There is long term value here, but not at .10 and not at .07.
And if they can't make the company profitable, it means they have very poor management who made horrible decisions about where to invest their cash.
YES!!!! Always unrelated and far fetched!
I have been here long enough to confirm you have never bashed: you have predicted price declines, but only because of technical indicators, not negative business practices like PR Fluff and avoiding transparency until shareholders demanded it, then showing negative operating cash flows and that shares for assets not products are not real revenues.
Not yet!
Both: shelf life and overvalued.
Given the stock structure, lets round it up to a 1B S/O because why would they stop diluting in Q1 with negative cash flows?
Say they sell $15M in actual product revenues, 5 * revenues is a valuation of $75M, that translates to 7.5¢ per share.
This company won't see high trading ratios until they're proven sustainable and are on the NYSE and the movement towards rescheduling has serious momentum (which it currently does not).
So even I don't think .05 will happen, but .075 is very likely. However I don't expect growth above .10 for a year (I expect them to continue to dilute because they obviously have poor cash management skills).
It would be nice if they could expedite the mythical audit (I know, I know, "no sooner than end of Q2", which could be next year) and get that uplist before .10 is broken.
Get the uplist before .10 and they can reverse split to reinforce the price to reduce the risk of falling below .10 and being on warning for involuntarily down-listing by OTC.
They just need a 3:1 reverse split... Nothing dramatic.
450 tons but they only sold 112lb (51kg) in Q1?
Sounds like they're over producing for an underwhelming market.
I myself am waiting for a bottom sub .08, then I'll wait to see it climb back and close over 1¢ to ensure the bottom.
I'm also waiting for Q2 to see what management has learned this past quarter.
And no, I'm not somebody just looking for more 'cheap' shares; it's diluted and a CBD only company without supporting earnings to justify the price.. It has to come down. As well, i won't even be reinvesting half of what I had before.
I myself am waiting for a bottom sub .08, then I'll wait to see it climb back and close over 1¢ to ensure the bottom.
I'm also waiting for Q2 to see what management has learned this past quarter.
More of a curb than a low wall. A speedbump?
I didn't say anything contrary to anything in your post:
These companies are in the exact same market, both subject to the success or failure of CBD's creating a new demand ... and they are not a hedge.
Hedges are contradictory not complementary.
CANV is not a hedge for MJNA.
A hedge is to counteract the price movement of one stock with another:
CANV is illiquid and only going up because so few shares trade each day.
When they begin to dilute you might see an initial bump up in price due to the increase in volume, but it will quickly go down. Think of CANV today as MDBX at the peek of their spike: low float, low volume but temporarily increased demand. There's money to be made in the minutes or hours after try start to dilute, but I would never consider them a hedge.
MJNA is CANV's only customer, therefore CANV cannot succeed without MJNA, their fates are entwined.
Not a hedge.
No, he was only caught with it, you only imply he was the intended user.
However, the intent to distribute is worse than possession for his own use, so he would definitely cop to owning it for himself.
Why?! It relieves the political pressure and puts the entire movement back on hold.
Decriminalizing is horrible for the industry and MMJ movement.
It doesn't recognize MMJ as a medicine and users can still lose their jobs, even in a MMJ state.
It still allows for prosecution of farmers and distributors.
It's letting politicians take the easy way out:
1) They can say they support MMJ and want to stop sending users to jail to appease their liberal voters.
2) As well, they can say they're releasing the police to spend resources on more important issues, that they're saving taxpayers money by not arresting, prosecuting and incarcerating users and make their conservative voters happy.
3) They can please their libertarian voters by showing those reductions and that no new administration organizations are required and are an approach to 'smaller government'.
4) They can also say that they are not legalizing it for their hard core religious voters.
We let the politicians push this political pawn around and avoid the real issues: we need federal rescheduling to open the flood gates and really allow this industry to flourish and take back this flower from the cartels and street gangs.
I can't afford the gum.
It's what, $2 a piece?
Look at Cannavest's 10K where they value everything for much less.
At what point (how many hundreds of millions of shares) does dilution stop helping and start hurting?
Had they diluted slower, the PPS would have increased and could have gained more for their sells.
As of now, it's a diluted pig... And I truly expect them to continue diluting: their entire strategy sucks.
They put so much effort into pumping Dixie, only to realize a negative cash flow.
Now they're pushing WAY overpriced CBD gum, they won't sell so much as to be insanely profitable, so revenues still won't be enough to overcome negative cash flows.
They predicted $44M, subtract $35M overvaluation of Phytosphere, that leaves an expected $9M is sales.
They made more than 9M diluting shares, looks like an overall loss in share value to me.
And what are the earnings for the year going to be, 10M?
Be honest with yourself: REAL earnings, sustainable, repeatable, not the result of selling off assets.
So what delusional lies are people telling themselves this week?
Even if this company sells $100M in products a year (revenue not earnings) it's worth, at most, .50.
This stock structure is horrendous and anybody who is expecting the price to climb is delusional at these revenue levels.
Until CO hemp growers are supplying the CBD, it will remain overly expensive and will not enter the average Americans home. The nutritional/supplemental market will not sustain these prices. Stores like Walgreens or CVS (or whole foods) won't keep that expensive of a product with such a short shelf-life at these current prices.
When the prices come down, there may be an uptick in sales, but not really a whole lot. The company will just end up making less revenue even though they're moving more product.
It's going to take a huge revolution to make this company (under its current share structure) to be worth anything. Vitamins and fish oil and other supplants are NOT in every household, and those products have already seen their revolutions.
CBD is not a fad, and neither are vitamins or fish oil, but if the demand for non-proscription CBD takes off, expect every supplement company to get involved, and MJNA won't be the king, already recognized brand will swallow up market share.
This company has a tiger by the tail with Dixie, but if they don't get their a***s moving and start spreading into EVERY MMJ state immediately, they'll lose the brand advantage... They need to already be in every possible state WHEN the Federal laws change, not afterwards.
They need to be signing contracts with companies that have the capital to grow in non-MMJ states, such that as soon as the laws change, it's weeks until they are online in those states, not months.
The potential still exists, but the strategy (looks like Amway to me) sucks.
Needs a better share structure and better executive leadership...
Assuming they're not just waiting to pull the rug out from everybody and declare bankruptcy.