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You took the words out of my mouth!
That's called wishful thinking! Scared money doesn't make money!! Like I said yesterday... If it was good at .25-.50... it's even better at .12.
We should be in for a nice ride up to .20's area. Maybe a nice head and shoulders bottom will form. That PR this morning totally cemented the legitimacy of their operation and should have a positive effect on the entire sector!
Regardless... it's reassuring they came out and directly address the unfounded bull crap that has be spewed!
BUY... BUY... BUY... MJNA!!!!!
short sellers who have made it a priority to relentlessly attack our Company as well as its executives for their own personal monetary gains
Too may hands in the pot... the selling pressure is simply not sustainable. This was a mass shakeout that will ultimately result in a stronger stock and firmer pps! If it was good at .25... its better at .123!! BUY...BUY...BUY!!!!
Shorts are grasping for straws I smell bigtime desperation!!!!... this is going to be one hell of a ride back up!! We are at the bottom or close to it here longs!
It's standard practice across the board for ANY company not to comment on unfounded garbage!! Wake up dude!...
Capitulating & so oversold!! The selling is over!! Bank on a serious rebound coming this week!!
Upside is unlimited... short-side is 18 cents... indicators point to significant oversell. Just like we triple topped its only a matter of time until we are off to the races again! No worries here buddy! I'll just buy more!
BTW, several
catalysts have come and gone for MJNA, and so to has the pps for
MJNA.
The SA article is a last ditch effort to break down the pps. I don't know about you guys but I actually find them comical at this point. 2 bit opinions from pikers that are manipulating a .23 cent stock. I love the 72 hour disclaimer... strategically playing into equity settlement date. Wow!!!... I can't believe this is legal!!
The sun and moon are aligning with ALL MJ stocks after a nice 6 week consolidation period. The charts and indicators are ALL pointing to a HUGE pop off of these levels! It is apparent we are waiting for a catalyst to ignite the MJ sector. Smart money is buying on ANY dip, the volume has been low on buy and sell side, exactly what you want to see before another major run! The market-makers are artificially holding this down the same want they did at the .04 -.05 level before the explosive move. We consolidated sideways to the 50day MA and it continues to be a KEY support level. We should bounce off these levels but need a catalyst to move back up into the .40 -.50 cent range. There is no doubt in my mind that there are serious games being played with these stocks. IMO $1.00 by July, we bust .50 over the next 4-6 weeks.
... It's going to be fun seeing the short squeezed when we start creeping up. That within it self is good for a 30% pop!
Too many MAJOR announcements until q1 release to keep the price where it is. On top of that there is ample guidance to formulate how earnings are shaping up. MJNA is trading on "future" projections similar to emerging tech back in the 90's. HUGE difference here is that there are only a handful of players in this arena.
On another note... You would have to be completely oblivious to investing if you fall for the negative PR that is spewed by losers that feed off the bottom!
Looking good!... greener days to come over the next few weeks! The charts are looking solid, this is setting up to be a coiled spring! Revenues and solid fundamentals here... gotta love it!!
I think the major consolidation is over! Very impressive retracement, sideways trading & volume control over the past few weeks! We may test the 50 day ma one more time and then after that leg back up to resistance levels. .40-.50 range. Look for some volume to come back into the stock next week!
People "investing" in the sector... this is a healthy much needed pullback from the MAJOR run we just enjoyed! It's apparent from the potential here that the market makers and institutions are giving everyone an opportunity to load the boat one last time before we break up to higher levels. This stock is real... the industry is real... and it ain't goin' away anytime soon. From what I read a recent article in the Denver Post brick and mortar dispensary are down over 40%. They shut down the shady stores next to schools, no licenses etc... Here's the kicker, overall state sales are up exponentially. The "legal" regulated products and dispensary's are absorbing foot traffic from the "illegal" entities and then some!
Some points to hit on...
Eric Holders upcoming decision (which IMO is going to be favorable and the droves of people lining up for both dispensary licenses and prescriptions in states where MJ is in its infancy stages (Mass and NJ are both prime examples). The sky is not falling! My take you are seeing something very special taking place. This is a "once every decade" opportunity to get involved with an emerging industry ground-level. Seize the opportunity and don't nickel and dime price at this level. If the stock is trading at $30.00 some day, the extra .05 your looking to shave off of the trade isn't going to make a difference. BTW, all the negative articles that were recently written were created by pissed off traders and fundholders that missed the opportunity. Keep that in mind when you are doing your DD!
Long & Strong the sector!!...
I don't know if someone posted this earlier but here is another state that is jumping on board!
http://www.seattlepi.com/news/article/Hawaii-Senate-votes-to-decriminalize-marijuana-4330467.php
SWEET!!... nice setup!
Looking good!!... Trading like there is news coming! Should see a nice move here over .07!
Happily eating crow here!... Go ERBB!! Don't make the same mistake I made selling a portion of MW#* too low.
Long and strong!
Your statement just scared the hell out me!! "this is the next dotcom no doubt"
Lets not hope our little bubble didn't already burst!
I posted this on the MJ#$ board earlier this morning. Though a person short HE#$ wrote it, it mirrors the late 90's dot com mentality from a long point of view. Please read it from a business standpoint not an emotional one!
Why 3 Marijuana Sympathy Plays Could Follow In The Footsteps Of Medical Marijuana, Inc. And Drop By 28%
"People" aren't dumping stock... (IMO) ERBB is!...
Rose Colored Glasses Here!...
It's clear now that ERBB is a sympathy play and there are combated sells with every buy (IMO nice dilution strategy selling into any strength to prop up pps)!!
The stock has not moved for a reason! You guys forget that current fundamentals at the end of the day dictate the price of a stock... not speculation!
ERBB yet to sign any major deals with any of the reputable MJ companies, not to mention they are bleeding cash! Anyone who buys this stock at this level (IMO) is supporting the dilution effort.
Can anyone tell me how else they are raising money to sustain their operation? Pumpers need not respond!...
I have a boatload and am NEVER selling! I'm hoping this stock pays for my daughters education. That being said, the chat is parabolic... I would rather see steady growth in earnings and pps then the huge recent spike. Moves like this always throw up red flags to paid newsgroups. They missed the boat and now want to bash the stock down.
Long and strong folks!!
An indisputable MUST read on the industry!
Another reality break here and an explanation for the huge pullback in the MJ sector!...
Why 3 Marijuana Sympathy Plays Could Follow In The Footsteps Of Medical Marijuana, Inc. And Drop By 28%
Good luck, we'll need it!
What happened to the BIG predictions here and the neck talking??!!
Rose colored glasses folks! Wake up and smell the coffee, it's going to take some solid fundamentals and PR to move this one! Yesterday I was spot on as to why the volume spiked and my industry analysis. I can't wait for their next report to see how many more first time shares were introduced by ERBB this week! My guess (IMO) they diluted us with at least another 40-50 mil over the past few sessions! They had a prime opportunity to cash in with the recent run up in the sector and IMO they did!!
GL
MW#$- Since 08/03/12 Low (+4,040.00%)
02/05/13 0.0414 +0.0004 +0.98% 20,334,643
02/04/13 0.0410 -0.0032 -7.24% 36,527,602
02/01/13 0.0442 +0.0112 +33.94% 30,089,600
01/31/13 0.0330 +0.0013 +4.10% 5,537,900
01/30/13 0.0317 +0.0001 +0.32% 4,811,300
GR#$ - Since 06/20/12 Low (+3,275.00%)
02/05/13 0.1350 +0.0150 +12.50% 17,470,246
02/04/13 0.1200 +0.0582 +94.17% 9,752,601
02/01/13 0.0618 +0.0193 +45.41% 3,692,500
01/31/13 0.0425 +0.0015 +3.66% 542,700
01/30/13 0.0410 +0.0010 +2.50% 186,100
MJ#$ - Since 02/17/12 Low (+1,229.00%)
02/05/13 0.3070 -0.1210 -28.27% 66,212,156
02/04/13 0.4280 +0.1230 +40.33% 54,825,801
02/01/13 0.3050 +0.0810 +36.16% 57,881,398
01/31/13 0.2240 +0.0490 +28.00% 39,661,801
01/30/13 0.1750 +0.0140 +8.70% 19,900,500
HE#$ - Since 08/01/12 Low (+900.00%)
02/05/13 0.1000 +0.0190 +23.46% 66,166,516
02/04/13 0.0810 +0.0360 +80.00% 66,763,398
02/01/13 0.0450 +0.0115 +34.33% 38,453,801
01/31/13 0.0335 +0.0062 +22.71% 19,005,799
01/30/13 0.0273 -0.0003 -1.09% 5,003,600
PH#$ - Since 10/11/12 Low (+760.00%)
02/05/13 0.0860 -0.0041 -4.55% 52,162,789
02/04/13 0.0901 +0.0267 +42.11% 53,508,801
02/01/13 0.0634 +0.0159 +33.47% 27,565,801
01/31/13 0.0475 +0.0090 +23.38% 13,096,500
01/30/13 0.0385 -0.0010 -2.53% 2,409,600
ERBB - Since 10/11/12 Low (+687.50%)
02/05/13 0.0063 +0.0023 +57.50% 186,426,938
02/04/13 0.0040 +0.0006 +17.65% 116,808,398
02/01/13 0.0034 +0.0004 +13.33% 48,595,301
01/31/13 0.0030 +0.0002 +7.14% 28,945,102
01/30/13 0.0028 -0.0003 -9.68% 44,603,301
I'm less than impressed with the past 2 session % gains, the volume was ridiculous and extremely deceiving!!
I love the cheer leading here... WOW! Here's a reality break... ETRF is in total control and has an unlimited amount of shares to give away, the reason why we are still sub .01! Any big buys were combated with similar sell side blocks. Anyone with a half of brain sees that the performance and price action compared to the overall industry over the past 12 months is a joke!! Bla...bla...bla on the 50% gain today! PM me if you need the EYE OPENING STATISTICS for others in the sector! This should be .02 by now due to sheer volume over the past 2 sessions!
To all long term holders and real investors looking to score... don't be persuaded by the pump and dump Ra Ra here! I've see this board dead for weeks at some points last year, most are new small investors looking for a quick trade in and out of a cheap stock. There's a lot of money to be made in the sector... I'm beginning to believe the cheap pps, outstanding shares and the anemic market cap is indicative of the quality of player we have here.
I' wont be impressed here until we see copper! I won't be buying more until I see ETRF strong on the bid and I see some solid support!
JMO... GLTYA!
Very surprised by the heavy volume yesterday... 4mil short of my 120 mil number was HUGE!! Gap up over .0046!!... here we go folks!
Keeping it REAL my friend! I've been trading for 28 years... I don't ware rose colored glasses when I take a position!
You guys crack me up... the stars and the moon are always aligning when your long right?!!
Reality check...
We'll need to do over 120 mil today for this to move this significantly! There are so simply too many shares in this stock at at too low of a price. What you see up on your level 2's offer may be just the left pocket folks. As far as the anemic action over the past few days, we needed to gain something back from a 60% pullback off the recent high. I'm still trying to figure out what fantasy technicals or level 2 you guys are looking at today?
I'm holding tight to a nice size position in ERBB and some healthy profits at this point. I was looking to buy more here but elected to go with another play which I scored on. Anyone serious about accumulating and following the sector has to be scratching their heads on this one!
I hope I'm wrong!... GLTYA
With all due respect... it's called selling pressure or dilution, look at the blocks that were executed this morning when any sizable number is up on the bid!... The offer is stacked with as many shares as you want to buy up to .004, maybe that will change tomorrow. We had our chance back in Oct/ November to make a move higher and failed, its happening again! Initially I thought it was because of the DTC chill, I was wrong!
IMO most comments posted here are pure speculation! The reality is that the writing is on the wall with this one! The true leaders are emerging while ERBB seems to be stuck in the mud! Pull up some quotes in the sector, the measly 14.71% we are up today is an embarrassment!
A must read article pertaining to the "Fab 4" & sector posted as HE$% news.
Hope you enjoy the article as much as I did!
Industrial Hemp and Medical Marijuana Industry Hits All-Time High in 2013
Thanks Rip!... I appreciate the response!
We're all in this together ground level! Glad you like the analysis, I'll contribute more technical opinions as we pick up steam.
It feels like 1998 all over again when I was fully invested in tech... the cannabis sector rejuvenated my trading hobby! Until last year I was sidelined for 12 yrs after I lost a fortune back in 2000 during the tech crash. I made a commitment after selling out of my last position in the spring of 2000 that I would bring it back bigger and better than ever! Well here I am bro, I've been buying the sector for the past year and change!! I'm seeing the same indicators and growth possibilities less the riff raff! Mark my word,the fire has yet to start. This is just the beginning of something very, very big! I'm happy for the new investors that have yet to be involved with something as special as this!
This will truly be a ride of a lifetime!
Great post!... the stock is picking up where it left off before the recent spike. I can see this trading up the same way it has traded down over the past few years! Slow & steady!!... Cheers!
If we don't pop over .oo5 (IMO the magic # to catapult us up to the next trading range) with this next run up, something is defiantly not right here considering the rest of the sector is on fire! It's going to be hard to watch the Superbowl tonight feeling that tomorrow is going to be a BIG green day for all of us!
Unlike others in the arena, it doesn't take a lot of dough to roll into this one. You can have a substantial position with very little capital and IMO downside risk.
Grabbing anything in the low .003's is an absolute steal! Easily a 2-3 bagger at these levels short term! Long term...sky's the limit!
I'm in since last March and continued to average in on a few occasions, I don't plan on selling either. I own a basket of all plays in the cannabis arena with this being my largest.
This is by far the "blue chip" of the bunch and has completely separated itself from any other play. It's defiantly dictating the cannabis sector moves! I smell something real big in the cards industry wide short term, it's apparent by the hevy accumulation this last leg up!! MJNA contributes proven credibility to an industry that as I have mention before has 2 strikes against it out of the gate! Maybe it's the amount and quality of PR but it seems they are miles ahead of anyone else at this point in the game!
Good Morning ERBB'ers!...
Up and at'em!!! Grab a cup of joe and enjoy a little technical analysts to start you morning. This is the first Bullish LT pattern during the period.
Looks like we couldn't be set up better for a great week here! We break .0046/.005, we're in for one hell of a ride!
2 yr Chart
With all due respect... you're comparing apples with oranges bringing Siri to the table! A dart and the Wall Street Journal over the past few years would yield similar results.
These companies have 2 strikes on them right out of the gate due to there controversial nature. You simply don't have the same type of institutional and private interest yet. While we should see nice gains, the fact of the matter is that the more shares out there, the more difficult it is to move the stock. With the volume that has been traded during uptrends, this stock should already be where MW*& is. The reason is not is because of the stated obvious!
Defiantly a possibility!! Unfortunately we have to guess because there is absolutely no transparency! If you do the math from June to current OS, the numbers are a little staggering! A press release here and there would be nice pinpointing deals rather than the same ole' fluff. It's obvious there are billions to be made on a corporate level in the cannabis industry. ERBB's infrastructure seems to be laid, I guess the only thing I'm concerned about is them closing deals from this point on. Without giving a future speculative response, Can anyone name ANY blockbuster revenue generating venture deal they've closed?
Another thing that I want to mention is that there are probably quite a few non-publicly traded companies that can blow this company out of the water... trust me they are out there and they are doing it better than ERBB. If legalization and the industry product delivery methods continue to expand... you can expect the number of players in this arena to increase significantly in a very short period of time!!
Food for thought! Form your own opinion and do your math!
At October 17, 2012, the Company had 1,135,865,494 common shares outstanding.
TOTAL OUTSTANDING AS OF 02/02/13 ACCORDING TO IHUB 1.89BILLION !!!
Common Stock History
On June 14, 2007 the Company consolidated its authorized and outstanding common shares at a 1 for 1,000 ratio.
After the stock consolidation the Company had authorized 870,000 common shares at a par value of $.001 and
677,416 common shares outstanding that was also the same at June 30, 2007.
On May 22, 2008, the Company increased is authorized common shares to 125,000,000 at a par value of $.001.
On June 9, 2010, the Company increased is authorized common shares to 750,000,000 at a par value of $.001.
At June 30, 2010 the Company had authorized 750,000,000 common shares at par value $.001 and had 351,523,292
common shares issued and outstanding. Each common share has one vote for each share held.
During the quarter ended September 30, 2010, the Company issued 12,105,263 common shares for debt, thereby reducing its debt by $46,000. Also during the quarter, 3,000,000 shares were issued to two individuals valued at $15,000 for consulting services.
During the quarter ended December 31, 2010, the Company issued 78,213,510 common shares for debt, thereby reducing its debt by $486,361.
During the quarter ended March 31, 2011, the Company issued 12,000,000 under a debenture reducing the principal by $38,116 and paying accrued interest expense of $7,484. Also, the Company issued 16,000,000 common shares to acquire Altitude Organic Licensing Corporation and its subsidiaries valued at $80,000.
On July 21, 2011, the company issued 5,000,000 common shares under a debenture that converted $9,436 of principal and $2,314 of accrued interest. On August 29, 2011, the Holder of a debenture converted $27,883 of principal and $5,867 of accrued interest for 9,000,000 common shares of the company.
On October 7, 2011, the Holder of two debentures was issued 20,844,616 common shares valued at $68,445 resulting in one of the debentures being paid in full and the other debenture being reduced by $32,362 of principal and $2,606 of accrued interest.
During the quarter ended December 31, 2011 the Holder of a debenture was issued 53,215,384 shares of common
stock resulting from three separate conversions valued at $60,666 of principal and $59,534 of accrued interest.
On January 20, 2012, the Company issued 36,627,648 to the Company’s president for services rendered from February 1, 2011 thru January 20, 2012 valued at $85,277 and then resigned as the president. In addition 500,000 shares were issued to a consultant valued at $1,400. On February 1, 2012, the Holder of a debenture was issued 25,000,000 common shares valued at $25,000 resulting
in the debenture being reduced by $20,071 of principal and $4,929 of accrued interest. In addition 1,000,000 shares were issued to an individual valued at $15,000 for accrued legal fees. During the quarter ended June 30, 2012, a total of 206,414,686 common shares were issued in settlement of $265,191 of principal and $1,008 of accrued interest on three outstanding debentures of the Company.
At June 30, 2012, the Company had 1,350,000,000 authorized common shares and 909,829,249 common shares issued and outstanding.
NOTE 7. SUBSEQUENT EVENTS
Subsequent to June 30, 2012 the Company issued 216,880,167 to four debenture holders in payment of $95,481 of
principal and $20,072 of accrued interest. The Company also issued 9,156,078 common shares for past consulting
and legal services valued at $96,000.
At October 17, 2012, the Company had 1,135,865,494 common shares outstanding.
TOTAL OUTSTANDING AS OF 02/02/13 ACCORDING TO IHUB 1.89BILLION !!!