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OTCQX is what was promised. Most investors are expecting OTCQX uplist. OTCQB is not an acceptable consolation prize.
When it breaks .10, the sling shot/sky rocket probability drops significantly.
We've all known for some time: audit + uplist and any fed response positive towards legalization or significant reschedule would allow us to trade at high multiples.
Obama and Holder aren't going to do anything: no legalization, no reschedule, no banking reform, still allow DEA to crack down on dispensaries and growers.
So it'll take a year or two (mostly likely be a campaign '16 issue) before we get anywhere on the federal front.
Next is the uplist. Drop below .10 and we're kaput! The company will require a reverse split, then start the 90 days.
NYSE won't do anything because if this company can't maintain the current price, who's to say they'll maintain a good price after a reverse split?
If we break .10, investors will all cut their losses and only a few will be left holding: few buyers will be paying on the way down fr all the sellers... When it hits a bottom, speculators will buy up the rest.
Breaking .10 is all about behavioral finance, something very very few people on this board have any understanding of.
I'm looking to buy back in, higher or lower, I'm just waiting for real news that can't be torn apart by bashers. This company sucks at writing bulletproof PRs or reports.
If it breaks below .10, my money is on .02s as the entry. .0999 is a very very bad number that no technical chart analysis can explain... Its a behavioral finance issue.
It rose to .50 because of industry hype.. And it was the Q4 announcement timeframe.. Q1 is expected this coming week by the 15th.
It was pure speculation and enthusiasm that drove the price to .50. It wasnt sustainable and SA helped deflate it faster than it would have on its own.
I'm not worried. I plan on reducing my investment by 50% and I prefer to let the PPS turn around before I buy back in.
I won't be chasing .16 to .32, ill chase .16 to .19 maybe.
But I need to see the news first. I need to feel confident: no quarterly or annual report has had the level of detail I've expected.
I don't have confidence in our executive leadership they've dropped the ball too many times: they need to earn my trust before I buy in for the long hail.
I'm liquid for now. Got out with a 12% profit.
Will be watching for news. Without news we'll see this pushed down a little each day.
I'm just looking for news: I'm going to reduce my investment by 50%, and buy back in when I see the trend reverse.
The company has made too many mistakes and I don't have confidence they won't eff up again.
The CBD market is not going to make this company into a $1B market cap anytime soon. We need full legalization to start bringing in licensing revenues from Dixie THC infused products.
Phytosphere is a zero sum game: we buy from them and then get profits from their sale to us? We need to liquidate those shares at current pricing... Its an illiquid stock because nobody is selling: start selling a little at a time and increase the liquidity and as the price climbs keep selling more and get out.
We have our contract for discount products, we have said we have no control over the company, so we're not insiders? So just sell all Cannavest shares. Take the cash, and appreciate the discount prices.
Without news this week, the price will continue on its 1¢ a day decline.
Ill buy back in when I see news, I'm not looking for a price point, so I'm not worried about the size of my position... I just want to see a confidence inspiring action by the company!
If they miss the May 15 release, we'll be limited again and the price will drop drastically, below .10 and causing a massive selloff due to missed OTC:QX uplist opportunity.
Ill be watching: I still believe in Dixie and Tripp, I still believe in the need its of CBD and the MMJ industry, I'm just not seeing the politics moving forward.
The politics are waning.
MMJ is moving forward, but the Fed is going hands off, which means no banking reform, no re-schedule, maintain interstate commerce restrictions, etc.
Ill be watching.
Never
I'm not quick to sell. Being a Spartan I gave John L Smith alot of credit too.
I'm not quick to sell, but I'm losing confidence in the ability of MJNA's executive leadership.
Dixie is a fine product, but MJNA is only taking a license fee on Dixie Botanicals, not the THC infused product lines.
Dixie is strong, but Dixie is run by Tripp Keber and MJNA is not, its run by a real estate lawyer and her hand picked colleagues.
I make no accusation of fraud: just inexperience bordering on ineptitude.
MJNA was going to let the stock fall below .10 if we investors chose not to throw a huge fit last weekend.
That's ineptitude given the promise of 'uplifting'.
Unfortunately.
.28??
How's that going for you so far? Buy low and then what?
If the company fails to deliver, shareholder value will be at an all time low and bashers will have so much ammo to drive this price below .10, that it will collapse to .02 because the uplist will be postponed 90 days after it clears .10 and stays above...
Management needs to pull out a very transparent and highly detailed Q1 Report that clarifies all issues and leaves no room for negative press.
I've been long since Nov 1 of last year, I've been hanging on through all the thick and thin, but failure to deliver is inexcusable.
Sideways trading allows for them to tear at the PPS again: if we trade sideways, we'll have a negative trend until the next big news cycle... And it'll need to be big news to overcome that trend.
At this point, I can sell and pull in a small profit: so if Q1 doesn't get the train moving and clarify issues and is transparent and avoids more drama and accusations, ill sell.
Otherwise, I'm watching closely.. I wouldn't say I have weak hands, just losing confidence in the executive leadership.
Exactly: I don't want it to go there either, I want them to act in a professional manner and perform their fiduciary responsibility with the utmost moral and ethical standards.
If they fail to uplist for any reason, I'm calling for a class action lawsuit and full investigation.
Going below .10 and letting the uplist fail will be seen as failure on behalf of the company and shareholders will sue as the PPS collapses into the low single digits.
No reason to buy if uplist is postponed, buyers will disappear and price will collapse.
That better happen before the price breaks .10!
The recent PR said audit no earlier than the end of the 2nd quarter.
Some people believe they mean 'no later than', but I haven't seen a correction, so ill be waiting until Q3 for the audit.
Don't let the price drop below .10, or no uplist to OTCQX for some time.
OTCQB is not a consolation prize. QX or bust!
Yeah, that certainly is 'mest' up.
He's not a very indepth analyst. He just picks on a negative idea, doesn't research it very far, and fills the Internet with his authoritative stylized trash, designed to upset or intrigue and draw in pay-per-clicks.
Yeah, that's not worth my time
Yes, he just figured out that, which MJNA has been saying and has been plastered on their website, that MJNA not not produce or sell any illegal products.
As well, when things legalize, they will begin receiving the license fees!
EXACTLY!!!!
QB will not help: we'll still be subject to massive manipulation and it won't mean enough for institutionals to pay attention.
Not all institutions have OTC restrictions in their by laws.
QX or sell.
Unfortunately, not until NYSE uplist.
OTC isn't regulated by the SEC and manipulation is rampant and technically legal.
But why ignore the price action when the company can just be more transparent and address issues as they arise and avoid the price dropping down, ruining the market cap.
Investors will be furious, maybe even file suit against the company and Board of Directors for not performing their Fiduciary Responsibilities and Governance.
Who ever said QB?
Certainly not MJNA: QX
It is a tier system, a company who qualifies for QX will choose to go QX over QB, and MJNA has stated many times that the NYSE is their ultimate goal, and QB companies do not go to NYSE without going through QX first.
QX: http://www.otcqx.com/qx/otcqx/requirements
Do you own DD, Google is your friend, and yes, .10 or greater for 90 consecutive days.
I posted the link before... If you don't believe me, prove me wrong.
Be Careful What You Wish For
We already hit .12.
As well, .12 will cause longs to sell.
The closer we get to .10 the faster the price will drop.
If we cross .10 all hope is lost for more than 90 days: in order to uplist, a company's PPS must be .10 or higher for 90 consecutive days.
If we hit .0999 we're done, the price will drop to .05 or lower because of the loss of the uplist. Additionally, how long will it stay under .10, add 90 days after it climbs out of the whole.
That whole time bashers and shorts will control this stock: its an easy argument to win "Look, no audit, they lied".
Regardless of actual MJNA intent, they will not be allowed to uplist if they go below .10.
So watch yourself, you might be excited to get a buy at .12xx but the risk at .12 is 10x the risk at .13 which is 10x the risk of buying at .14, etc.
Its a very steep and slippery slope at those price points... Push it too far and it'll collapse with you on it.
You're better off buying at .196 and supporting the climb out of the hole.
Thanks, a google search doesn't pull that up on the first page, we need to post that more often.
Things I've read suggests there's both.
Google 'CanChew', and there's an OLD article on Fox News that talks about THC infused Pot Gum. August 2012: http://www.foxnews.com/health/2012/08/31/coming-soon-pot-chewing-gum/
MedChewRX is what I think we're calling our FDA and European FDA line so it probably has THC, and the over the counter/Internet CanChew is currently just CBD.
Its a minimalist site: more basher material, but its a new product not yet approved, so a reasonable person wouldn't expect much.
http://canchewbiotech.com/
I don't remember the site to actually pre-order the CBD CanChew, but its been posted here a few times, check Doc K's history a few days ago, I know he posted it.
Go look up Pet Hemp Emporium: its out there. Its a joke.
My conclusion has nothing against hemp.
Read it again:
MJNA's recent acquisition and divestiture of Phytosphere operations are clearly focusing on the biomedical industry.
Yesterday's PR even reinforced that.
Our other Hemp businesses are a joke.. They are for selling trinkets and tshirts..
Pethempemporium? Are you really thinking pet hemp products will make us rich?
I'm just saying Hemp is critical to MJNA as a source of needed cannabinoids, but the remaining benefits are not part of their strategic focus.
I respectfully disagree: MJNA is clearly moving towards biomedical industry and is leaving the hemp behind, except for supporting US legalization for growing to reduce their supply costs.
This time its different: if they dot include a detailed breakdown of the subsidiaries, we'll still be bashed and articles will be written about the lack of transparency.
The cash flows will have to be explicitly detailed to satisfy shareholder expectations: we done with the softball PRs and the regurgitated quarterly Reports with limited data.
I disagree: normal traders who stay off the boards, who read the news aggregators like Yahoo will not know of this whole struggle.
If SA keeps posting, they'll keep reading, none the wiser, and initially influenced by them, never having heard an alternate viewpoint, or given the rejection of comments and counter argument articles, never seeing a rebuttal.
Assuming there are no dark pools holding it back
I can't do that, they'll chafe my a**
Be fair: those who sold on Monday did not have yesterday's PR and if the price dropped below .10 there's be no uplist anytime soon and they were just trying to stop the bleeding.
So they were just let down by Michelle for not having addresses that concern over the weekend for a Monday AM PR.
No affiliation until you graduate and apply for every open position you mean?
Google, Wall Street darling and Internet powerhouse, "don't be evil" has been stepped on many times in search of more information about you to sell for their profit.