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You may not be too far off. The investor relations tab was updated whilst we were posting about the website....
Usually a professional would put the site live after testing... that's a little hokey.
Two links? No, it does not take more than 10 minutes.
A professional web STORE? Yes. Emphasis on professional.
Plus, what would they be selling? I think the items at the store will be more important than the look of it, lol. Got to get products first.
It IS a cookie-cutter template, for one. The links aren't broken, they just haven't been setup yet.
Ensuring an online marketplace is setup correctly and professionally. It should take a month or two at least.
It's good to see that HEMP is committing some amount of time to their online presence (I see a few custom graphics), but let's hope that they attach the links, particularly to an online store with actual products; this thing could blow up.
Give the website a month or two to fix the links, and then start heckling, if nothing is done.
Impressive organization of your DD. Makes me look like a slacker. Thank you.
#Long HEMP
Don't forget HERB, baby! HEMP and HERB go hand-in-hand. Can't believe they haven't been releasing more joint PRs. HERB is their only established partner as of the current moment.
Maybe because they are not under the 'constellation'?
MJNA not shorted by day's end. A couple more days of upward momentum and we may have a run on our hands for the entire sector.
Here's hoping...
Plausible scenario, too. We will just have to agree to disagree on what we're seeing in HEMP's actions.
Until the time comes when they are either bankrupt or an industry leader...
At least we agree he is a clever fundraiser. However, I believe his intentions with investor money are more benevolent than your theory describes...
It is a valid argument to make, saying that Bruce is just boosting his own bank account. So, why do you think he even bought that decorticator equipment and moved it to a new location under HEMP's banner?
Would it not be more cost-effective to just pocket the money and say he was just spending the proceeds on "research"? Lots of OTCs are doing that all the time. But, he spent company money on tangible equipment.
Seems like a waste if you're running a scam.
I think you're right on that one, D_R_T. Which is why I brought up the point about REVI taking over the media campaign that was going to be WBXU's gig, a week or so ago.
HEMP is going to find some shady characters in this space. But, HEMP is coming out relatively unscathed by the pitfalls of companies who are trying to benefit using HEMP's name.
I think Bruce is putting out contracts to these small upstarts with the idea, "if they perform; we benefit. If they don't perform; we can easily pare our losses and find another upstart whose interested."
Only one of these partners has to perform to triple HEMP's PPS. It will take time in an industry that still isn't federally legal.
(Again, I lump hemp/marijuana in the same industry... because for all intents and purposes for the powers-that-be, they are the same industry)
D_R_T, good to see you again. Colorado is ground zero for the movement; MJNA has used the state to market goods which may be unsafe to physically bring to other states, that is the only reason I bring them into this.
As for the product lines, please read (#mjtruth, these product lines are along the lines of your comment):
http://www.marketwatch.com/story/photo-release-medical-marijuana-incs-hempmedspx-unveils-new-cbd-rich-hemp-oil-product-lines-at-champs-denver-tradeshow-2013-10-22
It is more of a CBD line that they were introducing. I was not aware that Dixie Elixirs were out of the picture, but that does not sway my opinion. They will be able to gather more companies under the banner of MJNA.
The lawsuits would be a concern; but, not to be unexpected, either. I can't speculate on how they would be arbitrated. So, I won't.
For what it's worth; if you are 'All In' on every trade, I would not recommend anything on the OTC. But, I know we are in risky space, and I still STRONGLY believe in this stock as a good value bet.
Added more today. Will likely add more if it drops under $0.10. MJNA is one of the companies that will reap rewards for this sector.
They are already selling actual products in Colorado. That's above and beyond most other publicly-traded MJ companies at the current time. These guys are ahead of the curve.
Do not forget what Bruce had their Chinese partners change their stock ticker to, either. The man is smart. And, he knows his audience.
I predict they will. A lot of things will coincide from November 2014-February 2015 between elections and the cycle of shorters.
Plus, whatever Bruce has in store for investors by the way of PRs. Hopefully, substantial and not just 'applauding' congress for talking about lifting the bans on a naturally growing weed with so many possible commercial uses.
We need a better PR than HEMP clapping their hands, lol
That will be, at the very least, true of the cyclical rise. But, I'm hoping for much more than a cycle for 2015.
This could be the year the business starts churning out real revenues. Got the equipment and connections. I think by this point they have the funding. Bruce just needs to pull the trigger. But, he knows the sector better than I, so, he will do it when the time is right.
Yea, I hear you. But, you really can't expect anything substantially positive to happen during the summer cycle for emerging industries.
When people start talking the changing times slightly pre- and post- elections, then we will should see some price action.
HEMP is running on hype right now. And, hype does not carry a set value.
You've been here awhile. Are you losing faith?
Try not to look at this as bleeding and see it more as 'fundraising'. Fundraising for what will someday be an industry giant.
Unless you have indisputable evidence that this is a scam, then the bleeding is no bueno. Do you believe that you have found any indisputable evidence?
Very well could be HFTs with faster information than you picking up cheaper shares before you get a chance to see them.
Not illegal, but it certainly drives small fries who try to short the stock crazy.
Longs sleep easy holding HEMP.
It is the latest link posted on this board. Above all the comments.
REVI has been tapped for media relations concerning hemp. That was going to be Webxu's gig.
See, remember:
http://finance.yahoo.com/news/webxu-partners-hemp-inc-bring-174500362.html
And now:
http://finance.yahoo.com/news/revi-forming-cannabis-industry-media-201500509.html
It might take a little reading between the lines, but that's what I glean from it.
It appears REVI is going to be taking over for the media job that was going to go to WBXU.
I like it.
Thank you, Fred. Your words are duly noted. I have several stocks in the sector, currently.
I will disagree with you that HEMP is not a fore-runner in the space. Although, at the present time, given the toothless PRs, the falling PPS, and particularly with most sector stocks reeling from manipulation, your argument holds more wait... at this time.
But, I have a decent amount of money riding on the notion that with Bruce's experience, the marketing plan (where you a pump and dump scam, I see a willingness to build relationships with many companies in an uncertain market), and the intangible effect of naming your company Hemp Inc. and grabbing the ticker HEMP before anyone else even has the idea to do so, that this company will succeed in the long run.
We are talking pennies right now. When they become a fully-fledged, fully-reporting company. These penny prices will haunt the ones who did not have at least their toes wet with some HEMP shares.
Again, IMHO. But more stands to be lost by not being in if I am right as opposed to a little being lost if you are right.
The case for this being a pump n dump can be made. And, it has been by quite a few on this board.
It is not brave call. It has crossed the minds of every investor here.
But, investors who buy into HEMP's stock are looking into the future of the industry, not the day-to-day short grind.
So, tell me, do you suppose when MJ is declassified as a schedule I narcotic and hemp crops start popping up around the US for commercial purposes that this company, Hemp Inc, is going to thrive or die?
Did you just say, "lower than trips"? LOL, you are funny, man. Although, I would definitely reload a few at "lower than trips"
Patience, bro. Timing short pops around these PPS levels at less than a dime is going to mean nothing when the real money starts flowing.
Gaps to over a dollar when the plant is no longer considered a Schedule I narcotic (I know hemp isn't the same as marijuana, but the lawmakers have no idea.)
When the time comes, the company name and corresponding stock symbol would likely be an intangible asset worth millions.
That is IF this industry succeeds. I appreciate your DD on the financials and cautioning against the warning signs that this stock could be overly risky.
But, investors should already know when entering this stock that the OTC is a risky place to be. Still the probability combined with the massive future earning potential of HEMP Inc, gives long-term, value-seeking investors a no-brainer decision.
Put a little down here, when/if legitimacy comes to the sector, put a little more down and ride the wave to a plethora of products that will be under HEMP's belt. No-brainer.
What did the CNN Money pros have to say?
Duly noted. But why? A steady uptick has not been ICBUs calling card for months...
It would be ballsy for manipulators to go back to the same ticker that was already uncovered to have been manipulated earlier in the year, but traders be crazy.
HEMP was already implicated as having been manipulated. Bruce Perlowin should be monitored at all times.
Don't get me wrong, I think the CEO is great for "making things happen", the best quality a CEO can have. But, I certainly believe that the authorities are waiting for him to make a misstep.
Since his company is at the forefront of a substance that is still federally illegal, has already been manipulated (discovered by the SEC less than a month ago) I expect the SEC is around here somewhere.
I don't know if that's the case... the SEC has been cracking down on manipulators of this sector as of late. Hopefully, none more closely watched than HEMP.
I don't much care for the beach. Gonna buy a vacation home in Maine when I sell my shares in a few years.
Just don't know how big the house is gonna be yet... gonna build it out of hempcrete, though!
#Long HEMP
Are you in, John? We are moving the past few days.
Sector is looking to pivot. Lowest PPS of the year for many sector stocks. Chartists are chomping at the bit. Bashers are coming out of the woodwork left and right.
Knock on wood - could be what we been waiting for...
Niiiiice. I bought for the Lumz n Bloomz products, too. Albeit, back in April.
None of the PRs have made much of that branch of products IMO. I'm still holding, though.
Hoping and expecting you're right.
#ICBU
Are you playing this as a chartist? Where do you see the pop taking us?
Thanks, Harold. Keepin' it real!
I don't feel too badly for the people who got in today. I was fooled in the mid-0.2s
Does not diminish my faith in MJNA being a major player in a big new industry!
Harold, are you expecting a run-up in PPS when we approach elections this year?
I see it happening sector-wide, but is ICBU going to move with the rest?
This may be the run to election season...
We are getting close.
Nobody knows anything. That is what's so exciting about this sector.
It should be noted. This is the lowest PPS since January 5, 2014.
MMJ sector is gonna rise and it's gonna start here at MJNA!
This could be the run-up, no guarantees, but not at all a bad PPS to get in.