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Anyone interested in this company should listen to this entire interview
I was listening to the interview and heard Michael say the AS will not stay at 920million...it will go back to 750million. The loan will be collaterized (up to $10million) with HDDC's shares
That's a big deal IMO, says alot about the company's belief in themselves and helping their investors
the increase from 600million to 750million increase earlier was for product launches and aquistions
How so?
Sorry, no PM....up 25% i think is a good reaction. If they get the $15million, it will provide enough cash for the next milestone
"These financings will allow us to fund the continued execution of our key program objectives, including completing enrollment for the Neo-Urinary Conduit Phase 1 trial and filing an IND for the Neo-Kidney Augment program during the first half of 2013,"
I read an article a week ago saying that bankruptcy was probably not the best option for the investors because it would start the clock over at the FDA...don't know if that's true but that's what was reported.
I was fairly confident after reading that article that additional financing was eminent,along with probably more rounds. The problem is the dilution wash and repeat stigma that the company will most likely have to deal with as they already completed a reverse split
News: Tengion enters into agreement for $1million bridge loan
http://www.heraldonline.com/2012/09/10/4251433/tengion-announces-bridge-financing.html
The video is also fairly old as "that guy" has been dead for a little while
Just got confirmation that my DixieX order shipped today
The news quoted sec 5550b1 as the reason for delisting notice;
http://nasdaq.cchwallstreet.com/NASDAQTools/PlatformViewer.asp?selectednode=chp_1_1_4_2_7_6&manual=%2Fnasdaq%2Fmain%2Fnasdaq-equityrules%2F
5550. Continued Listing of Primary Equity Securities
A Company that has its Primary Equity Security listed on the Capital Market must continue to meet all of the requirements set forth in Rule 5550(a) and at least one of the Standards set forth in Rule 5550(b). Failure to meet any of the continued listing requirements will be processed in accordance with the provisions set forth in the Rule 5800 Series.
(a) Continued Listing Requirements for Primary Equity Securities:
(1) At least two registered and active Market Makers, one of which may be a Market Maker entering a stabilizing bid;
(2) Minimum bid price of at least $1 per share;
(3) At least 300 Public Holders;
(4) At least 500,000 Publicly Held Shares; and
(5) Market Value of Publicly Held Shares of at least $1 million.
(b) Continued Listing Standards for Primary Equity Securities:
(1) Equity Standard: Stockholders' equity of at least $2.5 million;
(2) Market Value of Listed Securities Standard: Market Value of Listed Securities of at least $35 million; or
(3) Net Income Standard: Net income from continuing operations of $500,000 in the most recently completed fiscal year or in two of the three most recently completed fiscal years.
just placed my first order
Thanks Doc...I'll try back then
I tried Doc...keeps saying address doesn't match card. Don't know what's up because i only use this card for online purchases and have used it hundreds of times before.
first PM trading I've seen in a while...Good luck all
from facebook, some greats pics of "Harvest 4"
https://www.facebook.com/media/set/?set=a.440190962700394.120821.203563869696439&type=1
anyone know why the 2nd quarter fins haven't been posted on OTC yet
coincidence?
Lotus is one of the lead investors in ROBE http://riverinaoils.com/
they are building an 165,000 ton integrated oilseed crushing and refining plant in Australia as we speak
Don't know the typical extraction process...do they crush the hemp seeds to extract the CBD oils?
WOW....6,000 KG of hemp oil extract...unbelievable
They sold their first 300 KG @ $25,000 per...assuming economies of scale comes into play and reduces it by half, that's still $75,000,000. Total speculation on my part but WOW. Great job ML and company
Wow...that's a big contract. Great news. Now let's see some forward pps movement
I think we get there
sorry, didn't read those posts...a quick review of the attorney letter yesterday revealed the financial review responsibility went from Michele to Michael
Surprised nobody has any comments on the republished Q1 report and the new attorney letter?
a very brief comparison of the attorney letters show (5/15)Michele Sides as the responsible financial reviewer changed (7/3) to Michael Llamas as the responsible party.
Was the Q1 2012 restated for some reason? Why the updated Attorney letter dated/published 7/3 and Q1 report published 7/3?
http://www.otcmarkets.com/financialReportViewer?symbol=MJNA&id=85444
http://www.otcmarkets.com/financialReportViewer?symbol=MJNA&id=85463
Wasn't his done around 5/15 already?
Been a long day, apologies if its something obvious...
great pic, thanks for sharing.
NITE is the big manipulator today (at least so far)
I think your missing a zero in your math
that's a good point...although I don't know if they are under the same regs being on the pink sheets. Thanks again
thanks for the response
didn't answer my question...yes, the 130 million shares are part of the 558 OS, but are they part of the 220+/- million float?
Aren't restricted shares part of the OS but not the float? So if the shares were restricted and now are not (which is why they are selling) then the float will increase by 130 million shares.
I apologize if my understanding of share structure is incorrect.
Question for the people that say "old management" is selling shares (which is what I believe is happening BTW)...
At what point were these shares restricted/unrestricted (included the float)? Will we have a massive increase in the float for the next ss update?
That sucks for those businesses...MJNA not affected, since they're not a marijuana business
Nice post, thanks
"...although some shares were given in lieu of these acquisitions."
I didn't know this...i thought the issued/float hasn't changed in a while. We're they restricted? Do you know which acquisitions involved shares?
I thought the CannaBank infusion was non-dillutive.
Thanks
"Are we longing for our quiet days of yore yet?"
Miss those days...along with the runs to .$10
Regardless of the pps, Love this company and what their doing
Also Tripp Keber a pretty big name and the new President and CEO of MJNA as of May 30th
I've been away the last week+, didn't know this happend...got a link for it?
Thanks
Thanks for the update, much appreciated
In your explanation (which I like) what's the difference between a pure market maker and a market buyer or market seller
Thanks
10-4, thanks for the additional info
Gotcha