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This post really exhibits someone with zero investing sophistication and knowledge whatsoever. Average joes cannot afford to short penny stocks with the amount of risk involved because of the amount you have to pay over the principal of the shares.
Maybe there is space in the judges cell for Llamas and Mona to play scrabble in there together while they salivate searching for their next surreptitiously satanic Ponzi scheme. Tellingly and irregardless of what their actually company is doing. At least there are still billievers as this company gets raised to the ground.
The people that have the shares (Roen) are suing MJNA they probably are already selling them. Lol. Unlike their past note payables, I'm sure that the new products will make their way into the financial statements and will be clearly marked. If this company did real work instead of putting out more PR's than an ad agency then maybe there would be more substance here besides a wish and a dream.
Wow 40 shares have traded so far today. And Ihub ranks that has "high" compared to Axim's average. With that knowledge alone no one will probably read this since the board is as dead as the stock. But if someone is out there looking into this company, please be careful and do more research first!
Unfortunately there are a lot of headwinds this time around with the legal cases and over 40M new shares coming to market. The last W you see from last year happened because MJNA was caught up in the Pot Stock Bubble. This year investors are smarter and are picking specific winners instead of blindly buying the space.
It will be much more difficult for MJNA to make any move into the .30s or .40s again unless there is positive material news. One thing you fail to see on the 5 year chart is lower highs over the last two years. Another bearish indicator of toxic financing.
This is going to test .10 before it does anything else. The long term chart shows this pretty clearly. MJNA is in a downtrend
Idk, with the history of shoddy financial reporting that includes omitting liabilities, that lawsuit in the SA article, the llamas trial, and 45M new shares being poured on shareholders I wouldn't touch this thing with a 12 foot pole until all of that shakes out. The federal loosening of marijuana laws is only going to open the flood gates of competition and MJNA is going to be too busy with legal battles to catch the ride.
-.0038 and dropping...
Exactly! This stock could be halted any day because of this and the SEC has already issued a warning about marijuana companies like these. I'm sure they are still keeping an eye on what's going on with the sector. Especially since they actually APPROVED an S-1 for a different company to RAISE FUNDS to be used to build marijuana facilities. I was thinking about trading this for a little pop earlier in the week but now I really wouldn't be surprised if it gets halted.
Wow, I'm gone for a week and this company proves there are no boundaries to the level of disappoint and fraud they are willing to go with investors. If they treat note holders this way what does it say about what they think of shareholders?
Hi IH Admin [Dan],
I just read the instructions on top of the page and am going through the list to hopefully negotiate an early release or to at least start the process. I believe I am already checked in by sending you this message. Second, I know that my behavior violated the terms of service and I commit myself to not violating these terms again in the future. If possible I would like to discuss terms for an early release with you as well. Lastly, I wasn't aware that I could not make an alternate alias and I did this last night before I was put in jail. I also commit to using only one alias and ask that you please don't hold that against me given the circumstances I disclosed to you.
Best,
Gold
Hopefully we see a little dead cat bounce today so I can get my money back :/
This company is a joke. They don't make anything. I need to do more valuable DD but at first glance it looks like another shell company from a reverse merger. With no real product and no real sales idk why this company is even public. They should focus on their business like their successful competitors in the private sector before trying to get public funding from mom and pop investors.
"In the case of a "CEO of a thinly traded, yet heavily touted company that purports to be in the medical marijuana business" who "spent nine years in prison for operating one of the largest drug smuggling operations in U.S. history," documents show a match to the profile of Bruce Perlowin, the CEO of HEMP. He spent nine years in prison for selling pot, according to his company's Web site. He was known as the King of Pot and for running one of the largest drug smuggling organizations and money laundering operations on the West Coast, according to the site. Hemp is associated with Medical Marijuana (MJNA). The companies have exchanged shares.
Next FINRA writes "The former CEO of a similar company was recently indicted for his role in a multi-million dollar mortgage-based Ponzi scheme." This would appear to be Medical Marijuana's CEO Michael Llamas. He was the CEO of MJNA until he left the company three days after he was indicted and announced a leave of absence to attend to personal business, according to filings. He was indicted in September of 2012 for a multi-state mortgage fraud scam. Even though Llamas is no longer CEO of MJNA, he owns a company called CannaBank, which owns 50% of MJNA. The SEC is investigating MJNA, according to its last filing. The SEC will not discuss investigations, however MJNA reported the Depository Trust Company (DTC) lifted its "chill" on the stock in August. A chill is a stock restriction in which the DTC restricts a brokerages ability to transfer shares until the issues that concern DTC are cleared up."
http://www.thestreet.mobi/story/12153847/1/finra-blows-smoke-in-pot-warnings.html
How awful is this company? You can smell the snake oil through the pot barons tv screen that this CEO bathes in every morning to grease his hair. Besides they will never be able to sell these products unless they come with stickers disclosing that they are purely novelties for entertainment. I only get one post a day over there but I like your strategy and may follow suit lol ;)
"Did Dixie Narc On Medical Marijuana, Inc. To The SEC?
As if Medical Marijuana, Inc. (OTCPK:MJNA) needs more controversy, a lawsuit filed by the minority owner of its Red Dice Holdings subsidiary has shed light on many of the issues that have been weighing on the company."
http://m.seekingalpha.com/article/1887871?source=iphoneportfolioapp_copy
This advisory board is an unmitigated disaster. What a horrendous huddle of has-beens! This company is on a very strong down trend and is only headed lower!!
"The Year's Most Disastrous 'Sure Things' So Far (MNKD, VRNG, MJNA)"
http://www.smallcapnetwork.com/The-Years-Most-Disastrous-Sure-Things-So-Far-MNKD-VRNG-MJNA/s/via/1789/article/view/p/mid/1/id/477/
....SCAM ALERT!! AVOID AT ALL COSTS!!! THE DEFINITION OF DILUTION: 1 BILLION SHARES OUTSTANDING....
http://www.reddit.com/r/stocks/comments/1zc493/is_mjna_a_scam_company/
Lol I don't care who or what you question I share your frustration but there are productive ways to get points across and to accomplish things and there are also unproductive ways. Good luck to you were on the same side
Secondly, NRTI is a PARTNER of TRTC just like they are with VAPO. IVXX is a WHOLEY OWNED SUBSIDIARY just like they are with Edible Garden. Essentially it was company specific news, not news about a partnership. Should they include news about every facet of their business even though the main point of the PR is not related at all?
You don't need to shoot the messenger. You're not the only one that's angry/frustrated. Just because I'm comfortable with my avg prices doesn't mean I'm adding and telling people to slap the ask, but that doesn't mean I've given up on the potential here. People on this board who are legitimately concerned and not bashing, would be surprised at how accessible James is if they contact the company directly instead of venting to deaf ears in a chatroom.
I am also a substantial owner of both btw. I have more NRTI than my goal was but am very comfortable with my average price in both
Nbm I agree with you but look what you just posted and look at what I posted. Derek Peterson and Salwha are not PHD's from big pharma with over 20 pharmacological patents to their name like Dr Shao. They are not PHD's period. They do not have the expertise to put together pharmaceutical grade formulations. That's why they went to NRTI through Mike James. Joints, edibles, concentrates, and wax are all very different from pharmaceutical grade supplements as I tried to distinguish for you previously. If you are unfamiliar with those forms of MMJ, then perhaps you should research them more and you will be able to tell a very large difference between what IVXX is doing and what NRTI is CLAIMING to be doing. Good luck to you.
NRTI is focused on pharmaceutical grade CBD supplements and vitamins, not edibles that you would typically expect to find in a dispensary that other competitors already make and sell. This is why NRTI claims to be first to market with what the type and quality of medicine that the CBD supplements are purported to be. Hopefully that is still the case.
I believe IVXX is a brand for edibles, gum, drinks, soda, candy bars, etc that are exclusively sold in dispensaries. NRTI was not mentioned in the PR because IVXX has nothing to do with NRTI other than TRTC is most likely using their extractor to make oil for all the products. They however do not have their own medical advisory board like NRTI does. That board is exclusively NRTI's and so will the formulations for the supplements be. When Mike James will finally decide to put out a meaningful pr regarding the CBD launch, I'm sure we will see TRTC mentioned again as they have been in the past and I will be more than happy to send you the link.
NRTI partner TRTC has been making a lot of progress lately and I think it will start spilling over to NRTI. In addition to getting their cbd supplements in to natural food stores, we should also expect them to be sold in dispensaries in all the areas that TRTC mentioned today in their PR regarding their new branded MMJ line called IVXX.
It should be a very entertaining 6-12 months as long as we survive the convertibles. It seems like we just got here a little early, but I like everyone else here, would definitely like to be more informed by the company about how they are doing and more details about what their plans are...
http://finance.yahoo.com/news/terra-tech-introduces-ivxx-tm-110700803.html?.tsrc=applewf
http://finance.yahoo.com/news/terra-tech-gives-nevada-medical-235436622.html?.tsrc=applewf
To the naysayers doubting the quality of the formulation of the CBD product and the advisory board, meet Dr Shao:
https://www.linkedin.com/pub/yu-shao/5/bb6/184
One of their nutraceutical lines is being sold in Whole Foods
Lol. Yes, their brand names made me think they are a vanilla company full of criminals dumping free shares too. Glad I wasn't the only one! I knew my psychiatrist was the one that was crazy!!!
Moooooooooooo
As much as he might argue this point, there is no correlation between his ability to read fins and the share price. This is evidenced by an absurd entry point/avg share price and his ranting and complaining about losses ever since. Thanks for pointing out the obvious.
Lol you went and filmed lettuce of the company you hate on Thanksgiving?
"Meanwhile try to ignore the bigmouths. A lot of these people have never read a filing or whatever."
This was all I needed for a nice LOL. How ironic. Happy thanksgiving
You really have no idea what you're talking about
Really heavy volume this morning I'm curious what L2 looks like
It's raze not raise
From Google helps to explain your theories
spec·u·late
'speky??lat/
verb
1.
form a theory or conjecture about a subject without firm evidence.
"my colleagues speculate about my private life"
synonyms: conjecture, theorize, hypothesize, guess, surmise;
If you read the latest PR like you said you did, you will see that NRTI plans a major marketing campaign including television ads in the coming months...
No, he didn't. Look at his previous posts. It's just his MO to try to bring doubt to investors minds. He has done the same thing on the TRT$ board