Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Yes, it is a joke to think that any of this has anything to do with MJNA's future or it's share price.
$MJNA
Actually they were entered last year and came in second in the edibles category.
I think it will be a great opportunity for them to promote their products and maybe win some awards.
It will definitely have some positive effect but not as much as uplisting or MJ legalization.
$MJNA
I'm aware that it doesn't matter because he isn't part of MJNA anymore and has no effect on MJNA.
To say otherwise is just a fraudulent attempt to discredit MJNA
$MJNA
85% of penny stocks don't have real products, real revenues, and real profits.
MJNA does. MJNA is easily in the 15% that succeed.
$MJNA
THat's not much proof to back up you claims.
None of the current MJNA management has a criminal record or has even been charged with any crimes.
MJNA is a real company with real products and real revenues. There's a thing called google, look it up.
$MJNA
Doesn't really matter much to me.
.25 means buy more.
.35 means continue to hold long
In a couple of months it will be over .50 IMO
$MJNA
Here, this is direct from Investopedia. Better than I can say it:
http://www.investopedia.com/university/shortselling/shortselling1.asp#axzz2M4B1dCzK
"Short selling is the selling of a stock that the seller doesn't own. More specifically, a short sale is the sale of a security that isn't owned by the seller, but that is promised to be delivered. That may sound confusing, but it's actually a simple concept. (To learn more, read Benefit From Borrowed Securities.)
Still with us? Here's the skinny: when you short sell a stock, your broker will lend it to you. The stock will come from the brokerage's own inventory, from another one of the firm's customers, or from another brokerage firm. The shares are sold and the proceeds are credited to your account. Sooner or later, you must "close" the short by buying back the same number of shares (called covering) and returning them to your broker. If the price drops, you can buy back the stock at the lower price and make a profit on the difference. If the price of the stock rises, you have to buy it back at the higher price, and you lose money.
Most of the time, you can hold a short for as long as you want, although interest is charged on margin accounts, so keeping a short sale open for a long time will cost more However, you can be forced to cover if the lender wants the stock you borrowed back. Brokerages can't sell what they don't have, so yours will either have to come up with new shares to borrow, or you'll have to cover. This is known as being called away. It doesn't happen often, but is possible if many investors are short selling a particular security."
Welcome.
Basically, shorting happens when you sell shares that you don't actually own with the idea that you will buy them at a later date, hopefully at a lower price than you sold them at .
It's called 'covering" when you buy the shares to cover your short position.
There is a great tutorial on it here:
http://www.investopedia.com/university/shortselling/#axzz2M4B1dCzK
$MJNA
Excellent!
Excited to see what the new product is!
$MJNA
Excellent and accurate summation of the past weeks events; THanks.
$MJNA
What are you talking about? The CEO is Ted Caligiuri. What beans are you expecting from him???
Let's see some proof. And not a link to that ridiculous SA article.
$MJNA
Really? It's up huge over the past few months and nothing but positive news on the horizon.
MJNA is a powerhouse and despite taking a hit, has hugely survived the orchestrated manipulation by shorts.
$MJNA
I know, right? This could fall to .10 and I still would have tripled my money.
Long MJNA
$MJNA
Just follow the TOS and your posts won't get deleted. Has nothing to do with negativity.
$MJNA
I'm not looking at l2 but it sure looks that way.
$MJNA
Is it just me or is the bid higher than the ask right now?
Someone is holding this down on purpose.
Bid .315 Ask .3099
$MJNA
Like I said, same as CBIS, no products, no revenue, so this should be at .07 as well.
$ERBB
Considering it started at under $3 in october, I'd say it's still doing quite well.
Hmm no revenue and no products? Sounds just like CBIS so this should be at .07 in no time!
$ERBB
I agree, Longs will definitely prevail.
I just wanted to be clear that what we were experiencing last week was way different then your average volatility.
$MJNA
Volatility is one thing, an organized effort by shorts to manipulate and bring the stock down is a whole different thing.
MJNA was manipulated in a big way and that's why Tripp is talking about taking legal action against the people who organized the manipulation.
$MJNA
I was responding to your statement that "bad stuff is happening in washington. Your post wasn't clear that you were talking about the general economy situation.
Thought you were referring to MmJ legalization rather than unrelated financial garbage.
Good luck to you as well.
Huh? What bad stuff?
Actually it seems like the exact opposite. Many signs in DC pointing towards good things for us and MJNA.
For example:
Bill unveiled to legalize medical Marijuana
http://www.politico.com/story/2013/02/bill-unveiled-to-legalize-medical-pot-88031.html
CO governor says that Eric Holder is looking for ways to accommodate CO and WA laws in federal law. http://www.buzzfeed.com/rubycramer/colorado-governor-marijuana-legalization-is-a-challenge-for
We're up .04 today. A 15% increase.
Let's not be greedy. We will continue the climb all week. Doesn't have to happen all in one day.
$MJNA
That doesn't make their financials a fraud.
$MJNA
Huh? Where did you come up with that?
I'm saying that they had no obligation to report any revenues to the SEC.
They had great revenues in 2012. Please see the audited financials for Q4 as well as their full 2012 annual report (stickied above)
$MJNA
That's not what his post said. It said "2013 Revenue figures", twice.
Also, MJNA didn't report to the SEC in 2012 so the SEC would have nothing to do with it.
$MJNA
Who cares if they paid a million dollars a share for Cannavest.
It might be a stupid business decision but that doesn't make it fraudulent.
$MJNA
MJNA's 2013 revenue figures? Are you talking about their projections? You must be because they haven't reported any revenue yet for 2013.
Projections are just that, projections. They can only be accurate or inaccurate. No fraud. The SEC doesn't care what a companies projections are.
Besides MJNA doesn't report to the SEC so your whole idea is pointless.
$MJNA
.
I have nothing against XCHC. I just found it amusing that someone (not you) who repeatedly posted complaining about MJNA's auditor not being approved by the PCOAB, doesn't seem to mind that the stock he supports was audited by an unlicensed firm.
Good luck here.
Oh man that's rich.
The same people complaining about MJNA's auditor not being PCOAB certified are touting a stock (XCHC) that used an unlicensed auditor for a year??
LOL too funny.
The whole sector should be up huge this week after this news:
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."
He was wrong back when he said MJNA would never go above .05 and he is wrong now. IMO.
$MJNA
Nope, Written by someone who holds a short position and won't use his real name.
Full of lies and misinformation.
$MJNA
Yeah, I don't know. Just stating the facts. Tripp definitely said the plan was to sell Dixie. He didn't say how far down the road or anything specific.
He also said that MJNA is looking to acquire companies.
LOMG MJNA
$MJNA
I think it's pretty slimey to make accusations like that without any proof.
Who on MJNA's current management is a crook? Answer = NOBODY.
Let's see your evidence.
$MJNA
Instead of speculating about how the company might respond, why not just do it and find out?
Somehow I get the feeling you don't really want to know the truth?
$MJNA
Wow, this is HUGE news
Holder is on board with finding a way to accommodate Colorado and Washington's new MJ laws.
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."
The only controversy with MJNA is contrived baloney from someone who admits being short MJNA and who won't even use their real name.
People who buy into that controversy are most likely the same folks who believed MJNA would never make it past .05
$MJNA
Nope, my theory is correct. MJNA is the leader in the sector with real products and real revenues.
CBIS has nothing but a strong imagination and a truckload of debt. NO products, no revenues. No business sense. I hope they cure cancer someday but right now they have nothing in comparison to MJNA.
$MJNA