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Seeking Alpha was dead on target in the 4/14/2014 analysis of MJNA, here we are 3 months later and the stock has lost almost 1/4 of its value:
Summary:
•Medical Marijuana seems to be targeting all the right areas in the growth of marijuana - but this may just be eye candy.
•The company's full year results were bolstered by a $35M payment from CannaVEST, a company it owns 4.66M shares in. Outside of this, EPS was only $0.001 for 2013 -.
•An investment in MJNA is not worthwhile in my personal and humble opinion. The market offers much better small cap opportunities for investors in other companies.
LOL, You should have moved past the marketing material designed to promote the site and read the fine print:
LOL, no, not at all, the short numbers provided by OTCMarkets(the Regulator) are the actual real numbers, and the short interest figure is the total(net) number of shares short over the two week period, it's not daily a average figure as is the Share Volume figure, and you see the days to cover figure, that number is the result of Short Interest/Average Daily Volume for that period, that figure is actually the most important as that number is an actual indicator of a short squeeze, anything around 1, pretty much indicates very little short interest(in MJNAs case, it's riding right around 1 with a very slight increasing trend), when it starts getting over 2, that's when you start seeing the squeeze, now if you really want to see where a short squeeze was indicated, look at MJNA on Apr 30, 2009, but here again, you have to be careful because the number can get distorted, see MJNA on Jul 31, 2008.
As for the numbers provided by OTCshortreport, one has to keep in mind that it is a stock promotion website and newsletter, if you go back and compare the numbers, on any given day, they indicated to the actual numbers the Regulator reported, well that pretty much tells the whole story on their accuracy, or lack there of it.
"Just how screwed-up is MJNA's Corporate Governance?"
LOL, well in doing a little DD today, I might have uncovered something even more glaring in regards to their Corporate Compliance, but before reporting it here, I need to check into it a little further, just to be fair.
As to their CPA issue(your #2 item), well the Auditor's report is signed off using a boilerplate from his namesake firm, who's license was and is current, and not him personally, however, he is also personally listed as the Auditor under "Third Party Providers", and most all State Licensing Boards require that the licensee not allow themselves to be identified or held out as being licensed to practice, and no doubt, he read and approved the Annual Report, LOL, as did their Attorney, further, most all boards require any usage of the licensee's name in professional capacity to specifically indicate that their license is not valid at the time of its use, lets face it, it is blatantly unethical that he allowed it, and MJNA did it.
"Current short action is nearly 40%", NO, IT ISNT!!! Not even close!!!
http://www.otcmarkets.com/stock/MJNA/short-sales
The thing most don't realize in regards to Pink Stocks, typically, if there is any measurable short position in it, especially 1 which is sitting open, it is usually held by an insider or stake holder, such as a funding source.
Downward trendline over the last 6 months, and it's movement has been flat lining over the last few, real consistent money makers have a very defined cyclical waveform, not a diminishing 1 like MJNA has been exhibiting.
MJNA Status pretty bad on OTC Markets.com....
OTC Pink Limited Information:
Designed for companies with financial reporting problems, economic distress, or in bankruptcy to make the limited information they have publicly available. The Limited Information category also includes companies that may not be troubled, but are unwilling to provide disclosure pursuant to OTC Pink Basic Disclosure Guidelines.
http://www.otcmarkets.com/stock/MJNA/quote
Yeah, any clown can lay claim to a term and print a TM after it, calling it a Trademark under common law, but good luck trying to defend it in court, (by the way, "TM" just means the user is laying claim to the term, doesn't automatically mean a court, any official/regulatory body, or even another user will recognize it as such, that's why the need for registration, and in terms of business, as an IP asset, only the registered term will have a cash value.
On the plus side, at least MJNA actually did apply for 1.
The name isn't actually a registered Trademark yet, they only applied for it at the beginning of May 2014, the application hasn't even been assigned to a examining attorney yet.
Write and tell them you want to buy $100K worth of shares via PP, Ol'Tom will call you within 5 seconds of reading your note--heck, he might even throw in a signed 8x10 of Ms Shuman in her rented Ferrari.
RFMK only exists to sell shares and put money in Tom's piggy bank.
MJNA Status getting ugly on OTC Markets....
OTC Pink Limited Information:
Designed for companies with financial reporting problems, economic distress, or in bankruptcy to make the limited information they have publicly available. The Limited Information category also includes companies that may not be troubled, but are unwilling to provide disclosure pursuant to OTC Pink Basic Disclosure Guidelines.
http://www.otcmarkets.com/stock/MJNA/quote
Marijuana playing larger role in fatal crashes
Matt Schmitz and Chris Woodyard, Cars.com and USA TODAY
5:03 a.m. EDT June 9, 2014
As more states are poised to legalize medicinal marijuana, it's looking like dope is playing a larger role as a cause of fatal traffic accidents.
Columbia University researchers performing a toxicology examination of nearly 24,000 driving fatalities concluded that marijuana contributed to 12% of traffic deaths in 2010, tripled from a decade earlier.
NHTSA studies have found drugged driving to be particularly prevalent among younger motorists. One in eight high school seniors responding to a 2010 survey admitted to driving after smoking marijuana. Nearly a quarter of drivers killed in drug-related car crashes were younger than 25. Likewise, nearly half of fatally injured drivers who tested positive for marijuana were younger than 25.
A National Highway Traffic Safety Administration study found that 4% of drivers were high during the day and more than 6% at night, and that nighttime figure more than doubled on weekends.
Colorado has seen a spike in driving fatalities in which marijuana alone was involved, according to Insurance.com. The trend started in 2009 — the year medical marijuana dispensaries were effectively legalized at the state level.
NHTSA and the National Institute on Drug Abuse are now in the final months of a three-year, half-million-dollar cooperative study to determine the impact of inhaled marijuana on driving performance. Tests observe participants who ingest a low dose of THC, the active ingredient in marijuana, a high dose and a placebo to assess the effects on performance, decision-making, motor control, risk-taking behavior and divided-attention tasks.
The study is being performed using what NHTSA calls "the world's most advanced driving simulator," the University of Iowa's National Advanced Driving Simulator, which was previously used to study the effects of alcohol on driving.
http://www.usatoday.com/story/money/cars/2014/06/09/marijuana-accidents/10219119/
LOL, RFMKs former Spokesperson, Ms. Shuman, has apparently stepped on the wrong toes again...
Not to mention that with todays accounting software, 95% of a quarterly is but a few keystrokes away, in real time, for the operator, then there is the fact that for all intensive purposes, MJNA is a pretty small operation, so its not like they have much in the books to consolidate, lateness just illustrates, incompetence, laziness, or just out right contempt toward the shareholders.
Well lets see, as we approach 12 weeks since the last dilution numbers were reported, and based on Allinders MO of dilution on average of every 6 weeks, its probably safe to estimate that hes somewhere around two new unreported rounds of new shares issued, so what is everyones guess, expand the AS once its tapped out, which is close, or do the old trusty RS, me, Im guessing RS, and Im basing that purely on how hes been structuring the Authorized shares recently.
Thoughts?
Supposedly, Ms Shuman is about to release her own line of Vaporizers, LOL, hers will probably be out before RFMK gets anything into the market, and as sad as it is, I bet she outsells RFMKs offering by at least 10-1, LOL, probably closer to 1000-1, but then, I dont think she sucks anywhere near as much of the working capital out of her biz for her person as Allinder does RFMK.
LOL, This latest report is no surprise at all, reading it, its really easy to see why Allinder moved to the gagged TA, just look at all of the mischief, LOL, its classic structuring of the convertibles and preferreds in preparation for a reverse split, and all the while, he's puffing up his pockets and vaping RFMKs equity capital, LOL, my read was right on this guy going back over 2 years.
So has anyone gotten the joke/irony in Allinder naming this current "product" The Pocket Puffer yet?, LOL, pink sheet promoter...puffery, pocket.....wallet, puffer.....inflate, LOL, he obviously enjoys a good laugh, contemptuously so at that.
LOL, Share buyback???????, LOL, the only real working capital this operation has is generated through the sale of stock, and considering that Allinder burns through it as fast as it comes in, there is nothing to buy the stock back with, there is little doubt, especially considering his recent move to a gagged TA, that a RS is in the near future in order to get the share price into the new OTC minimum.
Yep, probably the main reason a lot of the folks who were trading RFMK on a regular basis suddenly disappeared was do to Allinder moving to the gagged TA, it is almost always a bad sign down in these basement exchanges.
ROTFLOL, RFMK hasn't spent even a small fraction of the dilution on distribution, the vast majority of it went into Allinders pocket, it's all in the financials.
There is a reason Allinder just moved RFMK to a gagged TA, and it's not because it benefits shareholders, or their best interests, down here, operators of these stock mills only use gagged TA s for 1 reason, besides look at the burn rate in the Financials that Allinder runs at, he's either going to have to increase the AS soon or RS, his history of merchandising consumer products indicates it will be a vwry long road before RFMK sees breakeven sales, if ever.
Getting RFMK off of DTC chill will also provide traders the opportunity to finally short the stock once again, could be the perfect storm with the RS in RFMKs near future.
Ms Shuman is supposedly going to take her Nevada Corp., Green Asset International, public this year, in the mean time, she has hired a slew of "Brand Ambassadors" to sell her Beverly Hills Cannabis Club ash trays.
My friend no longer lives near them, so I haven't had an updates on the Lanza clan in about 2-3 years now, but the last 1 I got, Joe was not in good health and Jaynes hotdog stand had some tax problems and closed.
Thanks Janice, it's about time some of these investigative reporters got into the mix, shame I didn't know about them during the Cheryl Shuman plague, they probably could have had a ball with her and RFMK.
"fins show 1.2+ billion shares less then OTC does", ROTFLOL, that metric was at the end of 4th quarter 2013, Allinder has diluted at least 2 times that we know of since then, he moved to a gagged TA in late February 2014 so now investors no longer have access to realtime share structure, as pointed out previously, this type of move is typical prior to a reverse split, and due to the new OTC rule taking effect May 1st, adding the fact that Allinder has just about maxed out the AS since taking over, its pretty much a given that an RS is in the near future for RFMK.
"Appointed" as founder???????, how does that work???
Gregg1, I honestly do not remember discussing any such thing with you regarding Ms Shumans getting paid or not, please refresh my memory if you will, I can find absolutely nothing to indicate she wasn't paid, in fact, everything I can find says just the opposite.
The Southern Investigative Reporting Foundation, does anyone here know anything about these guys?, good?, bad?, any opinions?, I can think of a couple operations they would be interested in if in fact they are the real deal.
Right...Ms Shuman was definitely paid, she had a contract, which by all accounts, she fulfilled, and she is the type that would sue somebody at the drop of a hat if they tried to stiff her on a business agreement, and lets not forget, shes also pretty effective at Social Media Guerilla Marketing/Warfare, and you just know she wouldn't keep her mouth shut there if RFMK/Allinder Inc. ripped her off for her compensation.
Looks like the competition is heating up for Medbox...
https://pbs.twimg.com/media/BlCZRIqCcAEFFsq.jpg:large
90 West, I was stating that in regards to the consumer product, but I completely agree on Allinders expertise in selling tons of stock, and no doubt, hes burning up the printing press as we speak, thus the need for the gagged TA, probably didn't want to tip his hat before the inevitable reverse split.
"Vapor Inhaler Model: Pocket Puffer – LAUNCHING FALL / 2012 The Pocket Puffer is the next line of personal Vapor inhalers offered by V.I"
I don't think Allinder expected Cannacig to crash and burn as bad as it did in the market place, but then, his expertise isn't in marketing and selling consumer products, its in promoting penny stocks, so its not like he really knew what he was doing in the 1st place.
True, RFMK lost a good number of followers right after the discovery that Allinder changed the TA to the dreaded gagged method of operation.
Well there is a reason why Allinder doesn't put the relevant info in the actual PR like legit businesses do, instead directing the readers to the RFMK website to get the release, and it's not an ethical reason, in fact, just the opposite.
Well it's only logical that, before the RS, that Allinder would want to pump this up while maxing out the AS.
actually, you can probably add at least another 1/2 Billion shares to that OS figure, the OS was just over 3B when Allinder moved to the gagged TA.
90 West, you are absolutely correct.
LOL, "trademarks take much longer when they involve anything that can be used for tobacco. "
No they dont!, Trademarks follow the same timetables and procedures regardless of the product class they are listed under, thats like the idiotic comment he made about not being able to Trademark anything with the word Cannabis in it. LOL