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.
They sell Left Bank, LLC products, we only get license fees from Dixie botanicals which is 100% legal and available online.
I'm getting sour, because Red Dice's while value proposition is purely Intellectual Property which we're not making much from.
As well, everything shown in Dixie lab photos and videos shows raw plant material being used, no liquid gold from Phytosphere.
Where I can order 1000L of CBD?
That have no shares, but Red Dice Holdings owns all IP, including THC based product lines/sub brands.
This is a major piece of contention for me, but at least I understand the reason: if we accept a license fee from somebody who sold anything with THC in it, we're subject to breaking federal laws.
I wish this had been clarified a year ago when we created Red Dice Holdings, but it wasn't, and that upsets me.
I'm just waiting for Q1 to decide.
I'm not officially chasing until I decide I will buy.
The Q1 has to answer all my questions and earn my confidence. If I choose to buy, at that time ill chase wherever the PPS is.
Could stop at .1000 too.
But I don't want to be invested and find out: I'm currently liquid, willing to chase if my trust is earned and confidence returns.
If by horrific chance that happens: my opinion is that investor confidence will be destroyed and there will be fewer buyers than sellers, having no slingshot effect, just a depressed market cap, wil wry little movement.
Not disqualification: but it will inspire panic selling.
Behavioral finance: serious investors know that if it closes below .10, its no sooner than 90 days from next opportunity to uplist. They will sell in panic, worrying that it won't rebound back above by close.
Its not healthy, but that's what a panic/fire sale is.
Failing to uplist will demoralize investors and crush investor confidence. No serious long but you hope to see it go lower. You yourself suggest having powder and said you hope you see .10 so you could reload for cheap. A contradiction in your aggression.
.10 is very dangerous... Too close to .0999 for my sake... .12 was approached very fast, and .10 will go faster, lets just hope that whoever is manipulating this WANTS the price to reload and simply isn't shorting the stock as low as they can get it.
Buying at .0999 on the day it closes below .10 is the same as buying at $1 today: money thrown away: will be quite awhile before a profit is made.
Yeah, I have a long mentality, and I'm currently out of the stock because if .10 is broken even longs will get burned out waiting.
If you're a true long you want to avoid approaching .10 at all costs. There may or may not be enough support to hold it.
I do not know if the OTC:QX rule is based on closing cost or intra-day action. So any sell at .0999 rains on our parade until further clarified.
With common sense, that .10 is a closing price or daily average or something similar.
However, touching .0999 will cause a panic fueled fire sale.
Ignore it... Etrade glitch, before iHub showed the close (15 minute delay), I thought it was the last trade, when the price is much different than recent pricing, its usually a t-trade.
If it had been a t-trade. The seller would have been reminded of how bad a deal they got...
Yeah, I saw that afterwards. When I open my etrade app after close, sometimes it shows the last trade before close and sometimes it shows the last t-trade.. Somehow it showed the open.
Just to clarify: we all know you do half the homework you should and ten times as much as Assrash...
But you have heard of Dixie Botanicals? It was split off from Dixie Elixirs and Edibles as a CBD only brand.
Dixie Botanicals is still a Dixie brand owned by Red Dice, therefore all sales (Internet or in store) result in license fees.
Yes, I'm upset and have been on an aggressive turn, but you're completely wrong in your statement as you are wrong many times in your blog posts.
Do more homework... You're getting a D-.
Now if he's only tell all the unemployed women who watch his show to buy Dixie or HempMeds or CanChew etc.
Dixie Botanicals still don't reference CBDs on their products. What good is having high dose CBD products if you can't tell people what's in them - Hemp Oil? We know what that means, but most of our target audience doesn't.
Yup. But nothing of that sort is happening, and Oprah is no longer on TV.
Maybe Dr Oz could help.
But in our current situation, with current numbers (remove Cannavest stock payments from our revenues) and you're looking at somewhere near $12M a year?
$80-100 is generous.
Especially when alot of those 'revenues' are from one MJNA business buying from/selling to another... If the Q1 still shows these transactions as cumulative revenues, something is wrong. Only sales to external customers are real revenues... Outside money coming in, not numbers changing on the balance sheets from one subsidiary to another.
Because if the Q1 is good, the PPS could race ahead of my ability to place a buy order :)
I'm hoping to get ahold of the Q1 and have a chance to read the whole thing before the market opens.. That way I can have a decision made and not be rushed.
.153 T-trade? That's gotta hurt!
Amusing? I admitted that once I have answers and my confidence is restored I am willing to will buy in at a higher price than I sold.
Good luck. I won't buy until very serious questions are answered.
I honestly believe top tier leadership will take this company into .30s in a day or two, not weeks.
Hiring a seasoned executive would draw the attention of real big news sources like the WSJ, NYT and Washington Post business sections.
If Tripp was CEO, that would take 2 weeks to make .30. Folks have confidence in him, but he's not the BSD I'm looking for to run this company. I do want Tripp back on the Board however.
I'm not chasing that far. Maybe .20.
Yes.. I want to!
I've been long since Nov 1 of last year (before the elections). I saw the political tide turning and support for the medicinal use grow significantly.
I support the movement, i support research, and I'm a capitalist as well... Of course I want to buy.
But until things are cleared up enough for me to believe they're not hiding anything, I will not buy.
I'll chase, I'm here everyday through Q1 release. I'm not going anywhere unless all doubts are proven legit: only then would I bail on this company.
I really want an experienced executive running this company, not a former lawyer or real estate agent. Not enough experience to run a potentially massive company: even Zuckerberg and the Google boys brought in experienced folks to run the company for them!
Yes.
But see my other post about market cap.
Full, nationwide legalization (not-decriminalization, which is where many politicians are taking the easy way out) and a proper reschedule is required, and won't happen until Obama is out of office.
Full legalization will be a campaign issue in '16. Obama and Holder are avoiding it and the Fed keeps cracking down HARD on California dispensaries!
With CBD only, this is not a $200M market cap company. $80-100M at the most.
With THC and CBD its a $500-700M company overnight.
Dude: I fully understand the laws and why MJNA does not take license fees from THC products, but it p----s me off that they only recently clarified that.
I understand we get CBD license fees, but CBD is already completely legal, so any political movements other than hemp farming legalization in the US will add zero benefit to MJNA.
I cashed out on Wednesday with a 12% gain (would have been higher if I sold today) because all these mistakes and inaccuracies look REALLY REALLY BAD and give bashers lots of ammo to keep investors away..
Only when I see corrective actions made and answers clarified will I buy back in. I'm willing to chase a few cents and have a smaller position but with stronger confidence.
If MJNA releases another joke of a quarterly, ill be staying out longer.
If they don't release by the 15th we'll go limited again: it happened last November, and they effed up their Annual report in April.
If I see that we hired a distinguished and experienced executive with prior NYSE of Fortune X00 experience as CEO, ill dump every penny I can scratch together into this.
M. Sides owns this company, but she's not performing her fiduciary responsibility very effectively and needs a demotion ASAP.
It wasnt stated before.
That information was I my recently clarified.
Its very important information to clarify for transparency issues.. Its good that its now out there, but lots of people have bought into the whole "Medical Marijuana" aspect of the company, when MJNA is really just CBD for wellness and maybe-some-day-FDA-approved-medical-purposes... That's what those brand new subsidiaries are positioning for.
It's huge for CO, and for Tripp Keber and his Dixie company... Its not huge for MJNA by any means. MJNA will take ZERO license fees until MJ is full legal nationwide.
Apparently MJNA forgot to tell us shareholders that when they bought Dixie and formed Red Dice. But we know now.
Depending on your definition of short:
Naked shorts? No.
Short term traders pulling out profit/'profit takers': yup.
Q1 Fins next week: buy the rumor, sell the news.
Me. I could have bought at any time yesterday and increased my position. But I sold because I don't have confidence in Michelle Sides.
Her letter was so full of expected/predictable holes, I lost confidence.
I'm waiting for fins to buy. Probably for a smaller position, but I'm okay with that if my trust is justified.
Audited fins not until "no sooner than Q2".
So far, only 50% wrong.
Looking good so far. Might just be people buying the rumor/hype, preparing to sell the news.
Watch out for that.
I will buy the news, if it answers my questions.
GLTA!
I've said it before: that doesn't bother me... I'm looking for a confidence booster.
We've all said "never in the teens again..."
"Last chance, its turning now.."
"Get in before its too late"..
I held, and lost value.
This time, ill be sure to see it rise on real news, make sure investor confidence is returned, read the quarterly with my own eyes before I buy back, if I buy back.
Nothing has had a sustaining positive impact on this stock in a long while... Ill take a small loss in position, that doesn't bother me.
I say fins not until Tuesday or Wed.. Of some reason I suspect MJNA will allow the PPS to keep falling.
Buying opportunity is Monday.
Have they ever dropped a PR on a Monday morning? Some folks here track that.
But my confidence is shot, and if the Fins aren't up to SEC snuff, then I doubt we'll get more than 3-4¢ pop before sideways/sliding...
We need the audit in a timely manner, the Q1 #s were already PRd and did nothing. Q1 Fins might restore some confidence, but I just don't know. People are getting burned out getting excited then reading vague, wordsmithed nothingness.
That's probable.
But as a previous long who wants to be long again, I'm willing to chase a little if confidence is restored.
So there may be many like me.
Yeah, I'm just talking about today... Look for opportunities to flip. Loom for the bottom after open, buy a small position and wait for a top and sell.
Dont need to flip entire position, that might put more selling pressure on the stock.
No PR today, no fins today.
It'll be red today. Yesterday was less bloody than the day before, and if the pattern resumes and .15 falls, I expect a close around .145 or .146.
However I can't find historical/daily transactions to track the action such that I can look for patterns - I can only find open/close values at whole penny resolutions.
Very possible, but the report needs to be very transparent: very explicit in details, no wish-washy vagueness.
MJNA is still not getting any THC related licensing fees.
Dixie is not a scam. That's factual.
I'm not saying MJNA is a scam, but until the other subsidiaries have real business dealings with other previously existing non-MJNA-owned companies, there's plenty of holes for bashers to pick apart.
But mentioned in Q4! So its possible that dilution in Q4 was to cover it.