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Please.
Really? You want to buy or merge with a NYSE company why? To stay OTC?
They want to be NYSE. Start acting like it.
Please.. You know there could be much more transparency without risking competitive secrets and strategies.
You also know there has been TWO Limited downgrades in the last 6 months... You find that performance acceptable?
I care.. That's why I challenge. That's I want answers. I want this company to succeed, and poor management let the tier downgrade happen twice.
Thank you, and thank you for your service, and thank you for your respect and decorum. A shining example for less worthy marines.
Not crying, I made a profit. I care that this company is being run by competent executives and demand more from a company that says they want to be listed in the NYSE.
I say if you want to be like a NYSE company, there's no time like the present. Start acting like them now so lessons are learned before the (very very) big boys smack you around.
Wow. A forum to discuss investor issues doesn't care about investor issues? There is alot of butthurt here.
I'm not going for the throat: I'm talking about issues I want to see addressed in Q1 which is due out tomorrow.
Isn't that the point? To discuss what we want to see to show actual growth of our executive leadership? They already PR'd the numbers, why are we only at .18?
Because we want to see the Q1 and make sure its quality supersedes that of previous reports.
You're right.
It wasnt a promise, it was a bull-pucky filled PR to calm the shareholders. A fluff filled pile of crap. Ever the Apr 30th PR said ALOT about a potential lawsuit, but still said nothing about moving forward with it... Because it was a finely crafted pile of useless information.
We'll see. I said I would be willing to chase into the .20s once I was satisfied.
DTC chill is a good first step. Q1 should be after close or at Midnight maybe.
Hope its not released after close tomorrow... That will be within the rules but will cause even more doubt and skepticism all day tomorrow.
I have never been negative about the PPS. So I'm happy for investors. I just want answers and to feel confident enough to trust the executive leadership won't drop the ball anymore. Twice in 6 months was enough already.
What about operational facts that we don't know to ask questions about:
Like Tripp stepping down or the THC Licensing fiasco: there are two details we have to pull teeth to get answers to. These are two details that should have been disclosed long ago.
DTC takes time, I understood that, the chill was never one of my negative concerns: we're pink.
But getting it cleared before Q1 was an unexpected coup.
My other concerns are within management's control: if, to get a mortgage I have to file on a certain date, its my fault if I don't have all my paperwork filled out correctly.
Therefore, for the two times in the last 6 months they failed to report properly, resulting in a Limited tier change, I blame management, and I am correct to do so.
Wow.
So optimism is your new outlook? Or are you just buying the rumor to sell the news?
They promised a lawsuit: a pimp needs a strong hand to keep his hoes in line.
I'm also talking about results : like no longer missing deadlines and staying current.
That is completely in their control and shows either poor time management or poor attention to detail.
The DTC is heart warming, but Q1 on time WITH the attorney letter will make me happy as well.
I certainly want more info in Q1, but some other factors can make up some omissions.
I don't like omissions, but unexpected results are nice. (Unexpected because there was no deadline)
Yeah, that's my problem: confidence
Albeit, they've been saying they're working to get the DTC Chill removed for months.
If its really removed, this shows results, and that's what I want.
Growing a company with plans that will take a year or more shows no results. Lawsuit, DTC Chill, 24mo Audit and Quality Quarterly Reports all would show results from promises made.
This was determined years ago. But Fox News are a bunch of political lackies.
They interviewed Tripp, but were jerks looking for something negative to say about the MMJ industry.
Looks like Fox News might finally be taking a positive spin. That's better news than their actual article.
Holy crap. Nice.
That helps my confidence!
Last time there was false buyout enthusiasm I told the same thing: you'll see a modest bump in share price, but no skyrockets.
Read Schweinemeister's post: its dead on.
Do me a favor: explain 'goodwill' to me, in terms of buyouts. Go ahead and Google it. We'll wait.
A buyout will strip longs of their true investment potential.
A buyout might raise the price 50%, and that's a good return, but 50% of .20 is only a total price of .30.
A company looking to buy another is only willing to accept so much 'goodwill' in the price they pay.
Pay too much and they don't get the return they need to justify the purchase.
A buyout in the near term means no dollar land.
After 9am EST.
No News Today.
It would need a docket # to prove the case was filed.
If i saw a real docket # that could be verified, I'd buy back in a heartbeat.
I'd only need a PR saying that much info, verifiable of course.
That would be huge.
No news today: some buying, some selling. It should cause some nervous stomachs to get upset all they way until close.
Pop your tums folks..
I wrote the open letter: they only answers a few softball questions.
They never addressed how they failed investors by messing up their reporting twice in 6 months: Pink Limited in November and then again in April. Failed to address their incompetency.
That 'transparency' was still rather opaque: no explanation why Tripp left and no explanation why the THC licensing fact wasnt disclosed when they formed Red Dice Holdings.
The THC licensing was because of the legal environment, there was absolutely no reason to mislead investors into thinking they were making money off of the majority of Dixie products.
Q1 needs this level of transparency: throw the curtain open oh great and powerful Oz and share with us those secrets that don't need to be kept secret!
If they dilute, MJNA % of ownership will shrink.
Depending in how much they dilute, buying action might wane, and the price could drop.
Of course, adding liquidity could cause the price to grow as more investors get a shot at buying in.
Too much dilution will reduce MJNA's position and we'll have received less for our assets sold... But there could be a tax write off when they finally sell and realize those assets into revenues.
I hope so.
That type of price action requires very high investor confidence.
The next run will not be based on pure speculation.
If investor confidence returns, chances are my confidence will have returned too..
GLTA!
SA and Money Runners had alot to do with that climb.
That rise to .50 was on pure speculation and enthusiasm over the potential future of legalized marijuana.
It started around .11 in January and MR ran it to .16 where it stagnated for maybe 2 or 3 days, but that fast rise to .16 caught ALOT of attention! 11-16 was a 45% gain in days.
They brought more speculators wanting to ride the wave, that drove the price higher and higher, pure momentum being reinforced by websites sharing with their readers the action MJNA was seeing.
That includes SA: they wrote a huge article that was seen on Yahoo and Google and that drove the madness even more.
When we double topped at .50 and momentum ceased, Infitalis and Co saw a chance to short the hell out of it.. That's when we triple topped .50 and the price started to collapse.
MJNA's previous 'transparency' had nothing to do with the .50.
However, transparency like we saw in the PR (or better) would have prevented all of Alan's and Assrash's article. Nothing would have stopped Infitalis' article, because it was so full of misinformation and lies, they were determined to smash MJNA without any care for DD.
Your right, but that recovery was a direct response to the PR, but bit didnt sustain. We got lucky it turned around the days before Q1... Either by enthusiastic longs or by folks 'buying the rumor, only to sell the news'.. This price is unstable right now: needs real reinforcement, and if I see what I'm looking for I'm buying to offer my support to help reinforce.
And that's okay for you and many others.
I personally expect more: I believe proper transparency since inception would have driven this stock way over .50 and it would have stayed up there.
I think the lack of transparency is the reason the stock is/was at risk of dropping to low.
And that audience is HUGE and represents many more viewers than these message boards.
So you accept that all these 'lies and rumors' in articles that get published on extremely popular news aggregators like Yahoo and Google Finance don't deserve to be addressed?
You don't think a company expecting to make $47M in revenues this year can't afford public relations professionals to stay on top of lies and misinformation campaigns?
The drop from .25 to .20 is one thing, the drop from .20 to .12 is a complete different thing.
They only addressed some of the issues we demanded the address, and it wasnt enough, the transparency wasnt enough, and the price continued to drop after a brief return of confidence.
Then when investors realized the PR was still full of partial truths and enough holes to drive a bus through, the price began dropping again.
Just because you have confidence in the company doesn't mean the market has confidence.
True investor confidence does not result in the collapse in PPS that we've very recently seen.
Opportunity and ROI. Only need a penny or two to get 10% here, but in the NYSE it can take $10 or $20 for the same % return.
That and I don't have a large pool of money to start with.
Pennies are fun.. They're a challenge. I get more out of researching a penny and trying peer through the looking glass than I would out if analyzing Boeing or Apple.
I didn't sell at .12. I made a small profit.
Nope.
The difference is that MJNA promised QX, and not getting to QX and settling for QB is a failure.
QB and QX dictate that.
Then you are easily satisfied, and that's your choice. I expect a company dealing on the fringes of legality to be on their toes and able to adapt an succeed..
That means if you say QX after Pink, you don't take a detour to QB.
If they want to be NYSE listed eventually, they should start acting like a NYSE company now.
Not at all.. That was not my intent.
Your position supports QB as acceptable.
My position says QB means they failed to get to QX.
I want QX, that would be a very good thing: a fulfilled promise.
I see QB as the place hack companies go when they can't make it to QX.
I'm not sure... I don't think it's an acceptable "thanks for trying" consolation prize.
To me, promising QX then failing to get to QX is a failure on behalf of management.
It's another unfulfilled promise.
It's justification for investors to fire executives.
Rofl: all public companies are in the business of PPS: that's why investors like Buffett and Icahn go and use their money to buy enough shares and get their people on the Board of Directors fire under performing executives all the time!
Please.. QB is for chump companies.. Pink is for fake companies, failed companies, or startups with no other fundraising options (MJNA is the third, until further notice).
Poor management of information: management in over the heads.
That's my opinion.
If they let bashers and negative articles destroy investor confidence, they did not properly handle investor relations.
Be it a lack of transparency, poor performance, whatever... We investors have a say in this company, and selling due to performance issues is our only option.
When investors are upset and willing to sell, manipulators see blood in the water an its a feeding frenzy.
How does a company completely ignore a falling stock price until the investors had to scream at them for information and force some semblance of transparency?