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We are almost oversold according to the RSI.
Keep the sells coming.
For those of us that did, I at least recovered and made some off of a few of these bounces.
Still needs to consolidate sometime.
How much float is there?
I set my alert for .09, which it will hit in the next month or so.
Selling up is what is happening.
Acres are in Northern California, which is huge for private marijuana growing.
People move their just to grow. I watched this on CNBC a few weeks back.
Marijuana profits by growing in Northing CA is huge. That is where alot of marijuana gets bought from and distributed.
Its movin, this is going to be a huge day.
Gooo SKTO. Cheaps are trying to stack up.
Wow they put a appx location of the Acrage in Norther California which is Marijuana growing country. That area is prime for cultivation of Marijuana. In fact CNBC did a huge marijuana piece on how well marijuana growers do there.
I am so glad they are in the marijuana buisness. That is deffenetly prime location.
It was hard to take a loss at .195, but everyday I look at this I am glad I did, because this will hit below .10.
my orders are in. there not at these levels though.
SKTO Go .01
Thank you
How long has PTAH been reporting audited financials?
MJNA makes 60% of non THC RDH products which was about $68,000.
I will wait until they increase AS and dilute again.
What you are seeing today is a new high not low. 570,000 dollars in revenue (if you exclude photosphere ) and almost maxing out AS, is not what I consider valuable. Defense toy not worth .16.
State registered dispensaries is not what MJNA is.
It just won't go up, I'm out, before I loose the rest of my money. It's just getting worse every day.
Over 400,000,000 million OS increase since September. Seriously what do u think is going to happen in the next year.
I like the part that was left out, its like a cliff hanger.
"As part of the obligation under the RDH Joint Venture, the Company utilized $1,450,000 of its securities portfolio as part of its financing strategy to satisfy equity requirements for . . . . ." this is where it stops. Forrrrrrrrr what, just ends, for a marijuana tampon, to stop the PPS from dropping.
They did get money from Red Dice holdings; a whole 68,000 dollars.
Umm where are the financials.
Thank you, 930 mill OS.
I read through fins last night and didnt second guess this is going down and sold all my shares at .1954 I also took a loss, but this loss is not as bad as the one I would have taken in a week.
They already took the money and dumped it on the shareholders 400+ million float on 930 million AS.
Enjoy it. I hope this stock goes up.
Go MJNA
However I will not be here to see it, because I do not see it in the Financials. They have alot of assets, but there is no significant growth revenue, and if their is Its not on the financials.
Income before extraodinary items - 570,549
Phytosphere Licensing & Inventory sales - 6,000,000
Net Income = 5,370,549
and this is because of Phyosphere, if it was not for phytosphere they would be in the Negatives.
Lets look at the others here for a second:
Red Dice Holding: $65,218/ Income after expenses -192,226(ignor this number because they do)
But RDH pays MJNA for the COG's = 239,992 and MJNA counts that as profit's earned.
CanChew(New Product) 0/ Income after expenses -43,360
MJNA: 0/ Income after expenses -744,251
Phytosphere: 1,055,020/ income after expenses 1,055,020
= 570,549 INCOME Thats what they walked away with. If it was not for the CanVest deal it would be this number.
CanVest deal lasts 1 year.
I actually thought it was the shorts and S/A articls that brought this company down to .12, but it was probably the 130 million dumped on shareholders that did that.
I got out this morning at .1954 after thuroghly reading those fin's, and thinking they will probably file to raise the A/S.
Why do I think that, because.
Explain to me why they diluted another 130 million.
They exceeded net income for 1st QTR, really. Yet the only money they made was from the Canvest deal. What is that Deferred Revenue. Why would they put it in Perenthesis. Is that what they would have if they sold the shares.
What about the hyped up Dixie elixers. How much money did they get from them. I believe it said None, because there was no revenue at this time.
We ask ourself's why did they wait until midnight to post those, probably because the Fin's are horrible, and this is going to be another Diluted Pig of a stock.
I'll get back on around, .09
Everyone is hoping to get their sells in.
I do not consider this to be a normal Penny Company.
My take on a normal Penny Company:
Is not profitable;
Hype to raise PPS so they can Dump shares to pay debts;
File Late or if at all;
Broken Promises;
I hold this company to a higher standard because they do not have time to make mistakes. In a few years the Feds will lift the prohibition, and Marijuana will be legal; and for companies that do not have a good track record or solid foundation, they will disappear.
Accepting mediocrity because they are a penny company is setting a low standard and it is not in my best interest to be invested in a company as such.
I can guarantee that if a major pharmaceutical company says they are getting into the Medical Marijuana business this company will be gone, because other pharmaceutical companies will initiate and the will monopolize on it leaving little room for small companies to take a piece of this pie.
This is why MJNA cannot be late this early in the game.
They need to set the standard, build a strong foundation and support group so they can take it to the next level, and early financials 1 or 2 days should be the standard.
Late is not acceptable.
Late:
As a manager of 114, I can tell you I have little patience for anything late. My supervisors do not expect, any product I give them to be late, and for MJNA not to produce proper financials on time, somebody needs to be fired, because that 1 broken link will take this company down.
It's already been late before, they got downgraded and has not recovered since.
So what happens if it gets posted tomorrow? Then it's late. They gat tier downgrade.
Same place there PPS is down the drain.
This is ridiculous. There is no reason to wait till last minute, they need to get there shit in order.
What a great video.