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Badali... I've been reading your posts for a wile now. You were spot on with your prediction when we were painfully sitting around .0010 last October... Cheers!
Good stuff!! Those numbers just further cement the fact that moves in this stock could be staggering!!!
ERBB'ers... maybe already covered in a previous post but take a look at the 2 yr chart technicals. Tech guys & gals should love the sweet bull symmetrical triangle pattern forming & MA cross. Short term we're looking very sweet and very nice! No doubt IMO we'll see .01...
Depending on which market maker(s) step up to the plate will dictate how well the pop is supported is another story. Higher Highs, higher lows and then consolidation... trading 101 right? I'd love to see some positive momentum and serious buyers step up to the plate this week with conviction!
Lets face it... smart money started pouring dollars into this sector a few years ago. If your just getting into it now, I believe this is the final leg up before the entire industry gets recognized on an institutional banking level... For all you youngsters out there, I was an Investment Banker back in the mid to late 90's... The cannabis sector is mimicking the tech sector, the technicals,accumulation patterns & volume spikes are uncanny! I've been buying everything I can including this position (average cost .0016) over the past 12-14 months! Point being there are 8-10 plays in this arena, is this one of the gems or just an over-hyped company that is enjoying the free ride complements of the BIG BOYS in the industry?
At the end of the day... Ya gotta have money to do business folks! Can ERBB weather the storm financially or are we dealing with another pets.com here?
Let there be LIGHT!!!... off to the races this week!
Big potential for a huge move this week here! Long & strong and really amp'd about this position! With such a low outstanding number and the right news, no doubt we can see a huge move to the upside!
Lets be realistic here guys!!...
I've been long in this stock for the past year. It seems to me there is massive dilution occurring on any sort of buying pressure! Totally confirmed by the PPS and the seemingly increase in outstanding! No doubt that the huge blocks that were sold over the past few weeks were used to raise additional funds to sustain operation. The writing is on the wall!
I thought that they were looking to buy shares back to increase shareholder value? What's going on here erbb? What's next?... a R/S that you promised wouldn't occur!!... We'll run here because the sector is hot again. As far as any sustainable pps support after a run and no further dilution, I'm very skeptical!! Please don't compare this company to MW**, RAFF is doing a hell of a job bringing confident money and support into the stock.
I hope I'm wrong! Good Luck this week!
BOOM!!!... I love it!...http://investorshub.advfn.com/boards/read_msg.aspx?message_id=83543768...
Green close this week would be Huge toward a long term downtrend reversal! GO GNBT!!....
Solid day with nice buy side volume!
I'm in at .029... Very happy with my entry point and holding for the long haul. Short term I can see this running to .07. Who knows for the long term. Any insight to LT projections would greatly be appreciated!
Totally flying under the radar!... The buying pressure is real and not being pumped up by day traders... I love it!
I have to jump in here! Addressing the negative talk about pps... Are you guys on another planet or haven't you realized the the entire sector is retracing. I know... a 600%+ move within weeks wasn't enough!!!
Come on fellas... hope you know how it works by now!
-DLD
About the 800 Commerce, Inc. stock dividend... I was reading something interesting that may or may not have been posted.
New to the stock today... Nice to meet you all!
Scroll down the page you will find a FORM S-1 /A Amendment No. 1 filing.
MediSwipe, Inc. FORM S-1
Any thoughts or information about a possible record date would be greatly appreciated!
-S
Financials are out!
New to the stock and noticed that the income statement was posted on Yahoo and not on IH.
ISIM Income Statement
Thoughts?
In the economic environment that we are in... the numbers are staggering!! Skin the peel back, there is tremendous upside potential! Prediction... .7c-.8c open, .11c-12c high, close between 8c-10c.
Medical Marijuana, Inc. Announces First Quarter 2012 Results
Company Sees 400 Plus Percent Quarter-over-Quarter and an Accumulative 12,000 Plus Percent Year-over-Year Revenue Growth Fueled by Licensing Agreements and Acquisitions
SAN DIEGO, May 15, 2012 /PRNewswire/ -- Medical Marijuana, Inc. (MJNA.PK), one of the medical marijuana (MMJ) industry's premier cannabis and hemp industry innovators, today announced its first quarter earnings. The company earned net income of approximately $1.21 million on gross revenues of $1.79 million for the quarter ended March 31, 2012. This represents a gross revenue increase of 400 plus percent quarter-over-quarter when compared to revenue of $430,000 for the quarter ended December 31, 2011 and an accumulative 12,000 plus percent increase in revenue since the same quarter last year. Operating expenses were approximately $580,000 for the quarter.
Operational and development highlights
Operating highlights of the quarter were as follows:
Acquired two additional Wellness Managed Services accounts which will generate estimated annual revenues of $1.7 million.
Closed a $1.04 million upfront payment licensing transaction for high value hemp extracts.
Retired 14,600,000 shares worth approximately $1.0 million dollars.
Cannabank, the private equity group that finances and incubates early stage acquisitions for MJNA, has agreed to finance several key transactions for the company including the European based pharmaceutical firm previously announced.
Secured $4 million in non-dilution, non-recourse finance for the acquisition and development of strategic acquisitions.
In addition, since the close of the first quarter, Medical Marijuana, Inc. has:
Completed the acquisition of Dixie Elixirs & Edibles brand, intellectual property, proprietary formulas and extraction processes. In conjunction it formed Red Dice Holdings, as was announced in late April, to develop manufacturing and distribution partnerships for Dixie in every state and country that has legalized medical cannabis.
Begun hemp-based extraction product development beyond the medical marijuana industry, crossing into the nationally legal category of health and wellness with such products as sleep aids, topical and pain management. A market launch of the new products is expected by the end of the second quarter.
Brought PhytoSPHERE systems on-line and will begin to market the benefits of its seed-to-sale product growth and cultivation technology in an attempt to secure licensing agreements worldwide.
Comments regarding operations and outlook
"The first quarter of 2012 brought into clear focus all that we have been working towards since Cannabank's initial investment into Medical Marijuana, Inc. about a year ago," said Michael Llamas, President of Medical Marijuana, Inc. "We have spent this last year essentially getting our house in order by clarifying the growth strategy and systematically identifying, acquiring and growing early stage companies across the spectrum of the MMJ industry from product development to retail sales. As witnessed by our strong quarter-over-quarter and year-over-year growth, there is tremendous opportunity in this industry. We have the capital and the systems in place to buy, incubate and grow the best companies across multiple categories within the industry. At the same time, there is aggressive natural attrition of other companies and whole categories as the industry right sizes itself-which creates further opportunities and differentiation for Medical Marijuana, Inc. this truly is the perfect storm for acquiring income producing businesses.
"However, we also know that a 12,000 percent year-over-year growth is decidedly a factor of where we are in our growth cycle. We won't always have such favorable comparables moving forward past our second year. We do expect the comparable growth to normalize, but more importantly, we expect continued healthy growth in our core businesses as they begin to mature and the industry stabilizes. I'm equally proud that we have been able to maintain this rapid growth with a small core of dedicated and truly innovative employees and as a result, our operating costs have begun to stabilize since the close of the fourth quarter. We anticipate continued cost efficiency in line with future growth."
Additional operational updates for 2012
The Company has built additional raw ingredients supply sources on four continents in preparation for international expansion and it continues to develop international sales and distribution channels for its high-value extracts and compounds and related products produced by Dixie Elixirs and Edibles.
Medical Marijuana, Inc.'s Wellness Managed Services (WMS) division plans to expand internationally to provide additional clinics, doctor's offices and wellness centers under the WMS umbrella.
PhytoSPHERE plans to develop and launch a national/international marketing campaign in the third quarter to support sales of licensing agreements for its proprietary indoor planting, cultivation and extraction technology.
Medical Marijuana, Inc. plans to establish a "Raw Ingredients Division" by the third quarter to provide raw ingredients and production services to other cannabis-based businesses.
MJNA to begin regular Investor Conference Calls announcing quarterly results and/or upon significant corporate developments beginning with its second quarter results (date is currently TBD).
MJNA established a corporate website and launched a rebranding effort for added market and shareholder awareness.
The Company is aggressively pursuing the acquisition and filing of additional product patents.
"With 16 states and Washington, D.C. allowing for legal use of medical marijuana and twelve more states with legalization initiatives on the ballot, we are confident that the opportunity for continued growth in the US, regardless of state boundaries, is exceptional," added Llamas. "Equally as important is the growing movement towards decriminalization outside the US and across Europe, which will allow us to leverage what we have learned in mature legalized states like Colorado and California, and apply it to international markets. We see opportunity for significant national and international expansion by the end of 2012 and we are currently putting in place the necessary supply chain and infrastructure elements to best position Medical Marijuana, Inc. and our shareholders to benefit from this growth."
Hi Everyone!
I'm new to the board and stock, nice to meet you all!
I'm sure it was posted but here is an article that broke yesterday that would explain the nice 19% gain today!
ATLANTA, May 14, 2012 (GLOBE NEWSWIRE) -- OTC Stock Review announces that it has initiated coverage of Medical Marijuana Inc. (OTC:MJNA.PK - News), which is the first publicly held company vested in the medical marijuana and industrial hemp markets. MJNA is comprised of a diversified portfolio of products, services, technology and businesses solely focused on the cannabis and hemp industries.
Not only is it legal, MJNA is an environmentally friendly and economically sustainable business. Since new management, MJNA has seen an explosion in revenue, up nearly 4,000%. MJNA does not grow, or sell marijuana, but, in fact, owns patented and proprietary methods for governments, municipalities to implement production, tracking, packaging and integration of pharmaceutical grade medical herbs. Over the past few years research has shown many new benefits arising from medical marijuana, which has served to spark the upsurge in the number of US States approving the medicinal usage and a similar upsurge in the number of doctors willing to write prescriptions. In our report, we have outlined several reasons we believe this trend should continue.
The complete report is available at http://www.otcstockreview.com/MJNA_review.pdf. You can also visit Medical Marijuana Inc.'s web site at http://www.medicalmarijuanainc.com.
OTC Stock Review provides investors with information on companies with less than $250 million in market capitalization. Members receive regular emails of stock opinions and market coverage, including both global and domestic. Please visit http://www.otcstockreview.com.
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