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They missed their 3Q13 by almost 2 weeks, no idea if they'll miss this one.
Ted (interim CEO at the time) had given some excuse in an interview as to why they delayed release, but I don't remember the reason, all I remember is the price dropping from .11s to .08s in the week following the Tier downgrade to Limited.
Why use that?
In game theory, the hiding of your sell benefits you if you're the only seller at that price point.
With multiple sellers, you never know if your order will get filled because of too much downward pressure.
If there are 500k unknown shares to e sold, the frustrated sellers will just lower their ask, potentially causing you to miss yours.
Its like Prisoner's Dilemma: work together or don't work together at all... Just know that working together, hiding a large dark pool, causes the price to decline.
I wish i had my old securities professor email or on LinkedIn/Facebook. There must be another benefit I simply haven't derived yet.
8Ks and 10Ks are found on EDGAR right?
MJNA has a CUISP # but nothing to be found on Edgar just yet.
Could we use the CUISP to search Edgar when a 8/10k is PR'd?
I agree: 1 person can cause a huge ruckus.
Just need access to a MM that doesn't list how many shares to buy or sell and place x1 bids and dark pools of a few hundred thousand shares to continuously drive the price down.
You set up the dark pool on the Ask with x100 shares, and nobody gets any sells, so they underbid you, so you lower your dark pool. Rinse, repeat.
Then re-buy slowly to reload, so as to not impact volume and repeat.
One person with the right MM and 500k shares can crush the PPS a few pennies, get more than 1 and you have a night are scenario.
Not exactly a money maker unless they have the ultimate goal of buying a massive position at their bottom target.
Add negative articles on Yahoo and other news aggregators, weak handed investors and then poor transparency with lots of holes for bashers to tear apart.. And you have the making for the easiest manipulation game ever played.
When MJNA finally pulls their heads out of their... Well, you know, there will be more buying pressure than a manipulator can handle and their dark pools will get swallowed up leaving them to chase if they used a Naked Short or if they were wanting to build a position before the price took off.
That chasing just reinforces the positive run up until momentum creeps to a halt and the RSI stabilizes... Then the manipulators can play their game again.
Tier update occurred from Pink: Limited to Pink: Current when MJNA finally submitted proper documentation recently.
Uplist is transitioning from OTC.PK (Pink) to anything else, OTC.QB (near worthless), OTC.QX (top of the OTC food chain and a small step to) NASDAQ or NYSE which NYSE is MJNA's ultimate goal with only a layover in OTC.QX.
Yes... We're not pulling any THC license fees because of the laws: The Dixie brand is growing and expanding.. And when laws open up, fees can be collected and real revenues would be had!
Turning point will be federal reschedule which allows research, growing, distributing, etc! It will throw the doors wide open.
I'm okay with full legalization, but I fully support rescheduling for medicinal research and prescription purposes.
This confuses me.
You are a enthusiastic long aren't you?
Saying a strong Dixie isn't necessarily a strong MJNA sounds more negative.
But I agree: When MJ is rescheduled (don't need full legal, just reschedule) a strong Dixie will be a strong MJNA. Dixie is trying to grow their brand, and that's good.
However, in the meantime, Dixie doesn't represent a whole lot of the projected 2013 revenues.
Interesting question and I don't have a legal answer:
My guess would be no: I believe its an interstate commerce issue: a federal concern.
Yeah.. I understood where you were coming from.. But my point is made: on here the slightest miscommunication gets attacked.
You mean Q2 by Aug 15th.. There's still the audit financials looming overhead... Gotta be specific about which you're talking about or somebody is going to yell that you're "Wrong!" when your intentions were good.
I'm going positive on this one: a company never wants their future customers to know what other customers are paying.
If CannaVest is legit, they don't want others to know the specifics of their deal, or they'll have a hard time maintaining their margins.
I'm not saying 'prepare for bad news', or 'prepare for the price to collapse'.
I've said nothing of this mornings gap-down.
I'm just sick of the bull. Both Zgoldies waste of breath and junk like this.
When we hit .50 we all kept saying 'wait for news, wait for news' as we watched the price slide down to .12 (after 4/20 even).
There is no news until there is news and predicting it is just as asinine as predicting gloom.
I've never predicted gloom, just previous predictions of sideways trading.
I'm still waiting for Q1 to return to confidence and positivity, or to bail entirely.
I'm not saying 'prepare for bad news', or 'prepare for the price to collapse'.
I've said nothing of this mornings gap-down.
I'm just sick of the bull. Both Zgoldies waste of breath and junk like this.
When we hit .50 we all kept saying 'wait for news, wait for news' as we watched the price slide down to .12 (after 4/20 even).
There is no news until there is news and predicting it is just as asinine as predicting gloom.
I've never predicted gloom, just previous predictions of sideways trading.
I'm still waiting for Q1 to return to confidence and positivity, or to bail entirely.
That's a MM trick: they don't have to say how many shares they wan to buy or sell, they just post '1' and either hide their lower bid or provide a dark pool at the ask.
15th is the deadline.. Not a self imposed deadline, but an SEC, therefore OTC deadline.
No report by COB 15th and MJNA will be tier changed to Limited for the 3rd time in 6 months.
That's an executive firing offense, and since investors do not have more than 51%, there's no way to do anything about it. Suck it up or sell it, its just not professional.
Even Facebook and Google brought in experienced professionals to run the company and provide guidance and leadership example to their young founders.
Because I'm not a day trader and don't have the time to watch this stock and look for any signs of a turn that would allow me to get out.
I also don't have quality trading tools at work, in case I did find time to occasionally review the price action. I only have iHub for 15 minute delayed trade history and my Etrade app for watching real time (no real time level 2 data).
Yeah.. Load up..
Basic Pink Trading Rule #1: Buy the rumor, sell the news..
I'm not confident in this company right now, but anybody who bought on Friday will see profits if they sell this week.
That's no victory... Its a political "bait and switch". It avoids the ultimate goal of legalization.
Its not the same... It only addresses users; not farmers or dispensaries legality. It avoids financing issues... It doesn't help the industry one bit.
If they have their ducks in a row, good things will happen.
The question is when?
Politicians are getting of the 'Legal' bandwagon and moving towards 'decriminalization', which is a stalemate.
Decriminalization addresses the legal costs: prosecuting and imprisoning. It avoids rescheduling and dealing with the hassles of legislation of states rights versus federal law trump cards.
Politicians got a lot of support from young folks to legalize, but the older crowd fought back (so much irony)... So now politicians are looking for a way to appease both, and decriminalization of small amounts is their answer.
M/MJ proponents are celebrating decriminalization efforts, however they're too stoned to realize its a small step towards addressing the drug war, and it ignores the medicinal research and individual use and responsibility that citizens already enjoy with tobacco and alcohol.
The political trends of the last month tell me that full national legalization with a proper rescheduling of THC is a long way off.
For MJNA to take off: reschedule is paramount.
And why do you think the price is going to springboard so high?
I make no assumption on price movement this week.. Until Q1 comes out.
The last PR had support for 2-3 days... So I suspect Q1 expectations can hold through Wednesday (last day before Q1 is officially late).
However, its truly 50/50 if it'll go up or down from there.. Questions have been asked, will transparent answers be offered?
To address a related issue:
There is no reason to be hiding revenues if aren't accepting THC license fees...
They did have some positioning along those lines with Phytosphere... Its Hemp only, that could have easily changed.
Then they divested themselves of vertical integration. They kept the name and sold everything else for shares in an unproven company, valuing their Phytosphere assets that they sold at a ridiculous amount.
The sense of this remains to be seen.
Given that, plus that they're calling themselves a 'biotech' firm (with no technology) and are only generating revenues based on CBD, I would say the answer to your question is no.
They have determined that collecting THC related revenues is not appropriate for them at this time, so I highly doubt they plan on investing in the agricultural space for Medical Marijuana.
Good luck. I hope investor confidence is truly returned.. I'd like to have confidence again too. I hope Q1 is released tomorrow!
Transparent! Wow! This is funny.
Ask Doc or Dad how long I've been here. Nov 1 I made my first buy and created my account on 30 Oct.
Your 'forever' must be about 1 month or so. That's when I started to get upset.
You won't find any SA posts by me, you won't find any posts on CBIS or any other board.
You will find my username on GlockTalk, and if you searched there you'd see I pushed MJNA months ago trying to stimulate awareness.
I didn't sell through the .50 climb and subsequent drop (which I was okay with until we broke below .20), before this week my average cost was .131!!! Why would I sell at .161 hoping to drive the price lower? Not alot of benefit there for me.
I already told everybody my agenda, and if you've been reading my posts forever, then you would know I'm just pissed off and want answers. I am also willing to chase.
Anytime somebody says they're buying, I say 'good luck, ill wait for Q1'.
If Q1 is pathetic, I'm gone, it its good ill chase and jump back in.
We already know the supposed numbers, I want to see transparency in how they generated those numbers.
Are you seriously excited about 12M in annual revenues for 2013? (47-35 Cannavest stock, not accessible cash)? Do you really think MJNA will grow revenues from 12M to 155M in one year?
Now that things are clearer about the THC licensing, or lack thereof, I just don't see how this company will make $155M in 2014!
If we go full legal, Red Dice will be a golden goose, in the meantime, its just spinning its wheels, sitting in a holding pattern.
Good luck.
I'll still wait for Q1: my powder is dry, all transactions closed and my meager capital is waiting to place a buy order or transfer back into my personal bank account.
Yeah, after the failure of the Pink Limited Tier Change and then learning this fact via a PR (and follow up website update), I feel the company is hiding details, and not being transparent enough.
Having just learned about the THC licensing issue, I am furious.
Lol, player? Check my history... 100% positive but asking questions... This last mega-failure regarding 'pink limited' proved to me the leadership is lacking.
I have never said fraud, but perhaps incompetence. There's a fine line there: is it intentional or not.
I want transparency... I want things to be made clear. Its not, has never been, and if Q1 isn't, you won't see me anymore.
Read my previous posts, I've said how many shares I had and how much I invested: I made 12% when I sold recently, a total of $9,286 (original investment included). I'm not a player, just a pissed off 'former' investor hoping things will be clarified because I believe in the Medical Marijuana movement, and I don't feel Medical Marijuana Incorporated isn't fulfilling my highly educated expectations.
If I buy back in, its because my questions were answered, and ill be back to arguing against bashers who use outdated information and make unsubstantiated claims.
None of my challenges are false or inaccurate.
I make no accusations of fraud.
Rofl! No. Have you ever heard of Phytosphere harvesting THC? MJNA does not have any THC revenue streams what so ever.
Nah, every video and photo of Dixie's CO facility shows employees working with raw plants.
CBDs, yes, but that's a joke, a consolation prize in comparison to THC revenues.
Full legalization (with reschedule, not 'decriminalization') is 2 years away at least.
Either it'll be the last thing Obama worries about or he'll leave it to his successor: people are celebrating 'decriminalization' because the argument is being focused on treatment and the drug war... The argument has been turned away from medicinal benefits.
And politicians are jumping all over decriminalization because it saves their districts more money than taxes would bring in. They're jumping all over it because they don't want to be seen supporting full legalization... Not yet.
MJNA is focusing on being a 'biotechnology' company, focused on CBD.
CBD has benefits and should be a profitable industry, but its not the golden goose... THC is the golden goose, and Tripp already has one in his menagerie.
No!
Red Dice owns 60% of the intellectual property his company developed.
He still owns the other 40% AND he owns the CO rights to all that IP. AND he only pays a license on the CBD product lines.
He's getting 100% of THC sales in CO, and effectively pays himself 40% of the license fees for CBD products.. He effectively pays only 60% of the actual fee.
He's much smarter than Llamas or Sides any day.
Not what I'm saying.
If he owns any shares, he has not sold.
He still manages Res Dice Holdings.
But he's getting rich running Left Bank, LLC which owns the rights to Dixie IP in CO and is making ALL the profit on the THC infused products.
He doesn't need any help from MJNA, its quite the opposite, MJNA needs him.
No!
He's divesting himself of MJNA for other obvious reasons:
He's making a fortune with Left Bank, LLC and he's more interested in investing in Pot related startup companies.
MJNA is no longer a pot related company, but a concentrated hemp oil biotechnology company.
I understand the entire company: but only after Sides' PR explaining they have zero THC related revenues. So many things nobody understands, not even you and your tour of another company's facilities.
As well, when I questioned the trash in the corners of your photos a few weka ago, I also finished the argument with "I guess it doesn't matter, we don't own the facility anyways"...
Just because you toured a building with Dixie on the side of it doesn't mean MJNA owns anything.
You can organize a tour of a Coke bottling plant, but given the structure of the company, there is a very high probability Coke doesn't own that, or any plant in 500 miles.
All you saw were Tripp's employees making products that Tripp sells and and profits from.. MJNA doesn't get a penny of any of it, unless it was CBD only.
Tripp is the brains of this organization, and he's no longer on the board.
Q1 better explain his stepping down, where Caligiuri went, who the new CEO is, etc!
Look up my posts on Tstarr's 4/20 tour photos.. I was questioning the boxes, then I brought up the structure: we don't own that facility or anything in it.
That was 3 weeks ago.
Did you your a facility owned and operated by MJNA or even Red Dice Holdings?
You toured a facility owned and operated by MJNA?!
You didn't tour MJNA owned or operated facilities. You toured Tripp's facilities, where THC products are made and sold from.
So if the 24 month audit is not released this week, then what?
You're banking on the audit this week? Based on what unsubstantiated evidence?
They said 'no sooner than' the end of Q2.
You're just going to admit you were wrong and then have the same enthusiasm without any new justification and setting a date another 6 weeks into the future.
That's why I'm frustrated, it's always 'soon, soon, soon'... Delayed!
I may still buy, because I don't expect Audit until July at the earliest.
Because:
It took a huge PR (with lots of holes) to beef up the PPS to keep it from falling below .10, it was racing from .18 to .12, it was a falling knife.
On Friday, it was people "Buying the rumor", in order to "Sell the news" this week.
If the Q1 is late, folks will dump.
If the Q1 is not explicit in its details and transparency with full descriptions of all business dealings and arrangements, they will leave too many holes for bashers to pick apart.
If MJNA does not list a seasoned, and verifiably clean CEO in its reports, we'll know they're not really serious enough to bring in professional/experienced help. Current executives have dropped the ball.
In March we all said .20s were gone, then in April we said Teens were gone, now we're saying sub-10s will never happen, and that the teens will be a thing of the past?
I wish it was true every 10¢ drop from .50, but its never been.
If you still have undying confidence, you're not paying attention: you should be demanding daily PRs from this company because they've failed to be transparent this whole time and are now sweeping old lies under the rug and hiding them with full truths and ignoring the past.
With the recent fact of MJNA not pulling THC infused licensing, the earning potential is a joke in comparison, no way we hit $155M next year in CBD alone.