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There is nothing fishy. It's spelled out clear as day in their latest PR.
A few people here are trying to make a big deal out of nothing but MJNA is solid.
The cannavest deal is a smart one and MJNA will profit from it.
From their PR:
"eliminating substantial capital commitment required by our production facilities" by shifting raw material-production assets to CannaVEST. PhytoSPHERE maintains its access to hemp-based raw materials by entering into a supply agreement whereby CannaVEST will supply it with such ingredients at "high CBD concentrate hemp oil" needed to develop, manufacture, and market its products."
$MJNA
Thanks for the clarification.
I can't find anything either.
Doesn't really matter either way to me if she sells a few shares.
$MJNA
I thought Doc or someone else posted a link to where she was selling 700K but that is a long way to 7mil. I didn't actually click on it though so I'm not sure if that was fact either.
$MJNA
Link with proof she is selling 7 million shares.
I'm not concerned either way but I haven't seen the proof yet.
Only rumors as far as I've seen.
Don't forget
Distribution into new markets (Cali, Wash, Mass, Europe, etc)
Canchew release.
Geez now you're really grasping at straws.
MJNA is healthy, has real products, has real revenues, has real profits.
$MJNA
Nope, these businesses will be designed with the taxes in mind.
You are thinking in old paradigms.
This is a whole new ballgame.
$MJNA
Maybe in the old paradigm when weed was illegal but that is changing.
People will want to be able to take their medicine anywhere and in many different forms.
$MJNA
I think some other events like uplisting or distribution to other states would also take us higher.
$MJNA
interesting thought.
You are suggesting that cannavest is their new shell and that they will abandon MJNA?
$MJNA
It looks fake since it says Feb 28th instead of March 1st.
I'm not saying it is but the date is wrong either way.
$MJNA
MJNA holding strong!
We are actually UP .045 from last weeks close.
Consolidating around .30 is creating huge base here.
When news hits. Up Up Up!
It is inevitable.
$MJNA
Right, you're trade amounts are low enough that it isn't a huge expense, but if you were trading $2000 instead of $200 your commission would be $17 and if you were trading $5000 instead of $500 your cost would be $32.
Scottrade gets super expensive for penny stocks if you are making anything more than very small trades.
$MJNA
There is no DTC chill.
There is a TD Ameritrade chill. They are the only broker restricting trading of MJNA. THey do this with penny stocks periodically.
You can contact the DTC and find out for yourself, no chill.
Bye!
$MJNA
Scottrade charges a 1/2 % fee on penny stocks trades. It can get rather expensive depending on the value of the trade.
Maybe yours weren't penny stocks?
$MJNA
Interesting, my TDA account news feed doesn't show anything about that.
Only news that shows up is this:
Today's News, March 1, 2013
10:26a
America Continues to Unite Behind Access to Medical Marijuana, as Florida Steps in Line as the Latest State to Submit a Bill to Pass a Legal Medical Marijuana Regime, Opening More Doors for Phytiva Brand (PR NewsWire)
I realize that when Holder makes his decision, that it might not go our way. However I do think a decision is coming soon.
I'm hopeful based on what Co governor Hickenlooper said about his meeting with Holder and how Holder was looking for how the fed can accommodate them under current laws (See below)
http://www.buzzfeed.com/rubycramer/colorado-governor-marijuana-legalization-is-a-challenge-for
Hickenlooper said Holder was in fact open to finding a federal framework under which Colorado could maintain the newly passed state law.
"They're looking at how we can adjust something in the rule-making — is there something in the regulatory framework that we can accommodate the will of these voters, and can we do it in such a way that doesn't endanger or put undue pressures on our neighboring states or other states?" Hickenlooper said. "No one's got the answer on this one."
"They have an open door to discuss it and try to work through this," he added of Holder's team at the Justice Department. "There's more nuance to the law than just the black and white." One legal option, said Hickenlooper, would be to "go back to Congress and somehow change the controlled substance laws — they're open to all of that."
MJNNA has a much bigger float than MDBX does so it's not a realistic comparison. MJNA going to $5 would be similar to MDBX going to $215
$MJNA
I think you are missing the point. Holder is being forced to make a decision because CO and WA continue to move forward and his people in the field don't know what the f#$% to do.
$MJNA
If Holder says that the feds will let the states do what they wish and will not interfere it would be a HUGE deal. Not quite as big as legalization but still HUGE.
Holder has said a statement is coming "Soon". I'm not naive enough to think that means today or even next week but it will surely be in the next couple of months and not a year or two.
Even with that news, I wouldn't expect MJNA to go to $10 but it sure could reach dollar land
$MJNA
Maybe do some more DD.
1. Cannavest is using a combination of stock and cash for the purchase so they don't have to have 35 mil on hand. They are also making 5 payments rather than 1 lump sum so they can use revenue they take in from selling the hemp oil they have just acquired over the year
2. Michael Llamas DOES NOT own a majority of MJNA
$MJNA
Exactly!
All the hate isn't working. MJNA is too strong and too real.
Real products, real revenues, real profits.
MJNA LONG AND STRONG!
$MJNA
Moving nicely
Short squeeze?
$MJNA
Great to hear!
$MJNA
The big question is, will this one show up on the broker news feeds. The last 3 PR's from MNA have not shown up on TD Ameritrades news feed as well as some others.
Many have indicated that they think it's because MJNA released the previous news in the evening or at night. Since this one is being released in the morning it will give clarification on that.
So far it's not showing up in TD Ameritrades news feed.
$MJNA
The "He" you are talking about has nothing to do with MJNA anymore and his fate has no effect on the success or failure of MJNA.
Also, just to have the facts out there, He has not been convicted of any crimes. Only accused.
Also, the person who authored that article admits being short MJNA and is too cowardly to use his name on the article he wrote. Says a lot about who should be trusted here.
$MJNA
How about that's old and full of lies and misinformation.
The author admits being short MJNA and is too cowardly to use his name.
The apples you mention are rotten to the core.
MJNA survived that manipulations already and is on it's way back up.
Also, you are about 2 weeks behind the times.
$MJNA
Are you using the 100mg or 500mg Dew Drops?
$MJNA
I agree. We need to get back up to at least 20 mil to move.
Still very impressed that we are staying stable with only 6 mil.
Shows how strong MJNA is.
$MJNA
I agree that we need more volume but you're off a little bit.
We've only hit 50-70mil shares a day a few times and most of those were on huge red days when shorts were in control.
Our last rise to .50 (02/07 to 02/13) was mostly in the 20-30 mil shares a day range.
$MJNA
The answer to your first question is undoubtedly, YES
The answer to you second question is LOL
It will get there soon enough.
MJNA is doing great! Up 8% today!
I'll take that kind of growth any day.
$MJNA
yup, even the positive articles are tainted now for me. Like it always feels like there is an ulterior motive behind it.
$MJNA
Sorry, I don't read that trashy rag anymore.
$MJNA
As I've said before.
I always appreciate your moderating even when I'm the one whose post gets deleted.
Sometimes it's sooo hard to stay within the TOS ;)
$MJNA
lol @ "what shorts?"
Anyone who has been here for more than a week knows that Sykes and the guy that wrote the SA article bashing MJNA orchestrated the take down last week.
Here's something for you to ponder:
http://finance.yahoo.com/news/medical-marijuana-inc-releases-2012-035200344.html
"Corporate Revenue Guidance for 2013-2014
The company is pleased to issue its first ever Sales Guidance and Outlook for 2013-2014. The company forecasts revenue for 2013 to be $47,000,000 with operating cash flows of $32,000,000 and has the potential to increase revenues in 2014 to $155,000,000 with operating cash flows of approximately $95,000,000. "
Nope, it's smart speculation. We've been to .50 a couple of times and can easily arrive there again with the right news.
We would even be their right now without the orchestrated effort by shorts to take us down.
$MJNA
The sell off is manipulation by shorts, Pure and simple. MJNA is still OTC pink and until it gets uplisted and has it's own MM, it is subject to extreme manipulation. Even with that MJNA has held its own.
MJNA is still strong and will head north again.
$MJNA
Keep telling yourself that.
Wake up and smell the coffee. MJNA is huge and the leader of this sector.
BIG things to come.
Get on board or get out of the way cause this train is leaving the station!
Choo Chooooo!!!
$MJNA
Well said!
$MJNA