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Just sold my 5 mil at .14, somebody scooped them up fast. Good luck to all. Bought them quick, sold them quick. Could be under accumulation.
ope your right
that was my buy, its a 7000 dollar gamble
mmmm close of the day
I like my new buy
you are all over ethusiastic
mmmm, we will see
anybody know the stock symbol to cam2cam
spending a lot of money on that site
In at .25, 50000 strong
I got to trim some of my losses. Way in over my head
well I am in 24.32
I hope u are right
driving throught the south nice sores, clean - like wallmat and cs, i am from the north RAD pharmacies, little dirtier in low clas neighborhoods - but sell liqour cheap. Nice combo. T am in with 7500 shares
i hope your right
you must be loosing money, 50K doallars on a penny stock. balls baby. I just bought a shit load because of the volume, then it goes down
I might jump in
From Seeking Alpha
Unfortunately, many new investors/traders all-too-often equate share price to determine whether a stock is "cheap" or "expensive." For example, if you ask the typical average Joe whether Apple (AAPL) or Google (GOOG) is worth more, he may be tempted to pick Google as its share price is nearly double that of Apple. In reality, when buying stocks, it is imperative that investors don't think in terms of the price of an individual share, but instead in terms of the whole business.
The "Buying The Business" Mentality
When I go to purchase shares of a company, the very first thing I look at is the market capitalization. Outside a couple of extreme cases, it is going to be very difficult to see outsized returns from a company with a $100B+ market capitalization. Conversely, something with a fairly small market capitalization - say $300mm - is much more likely to double or triple, as the underlying business may have significant room to run.
But raw market capitalization isn't enough either - you have to try to figure out what a company is worth by figuring out how much the company can earn per share over your investment horizon. Ultimately, by buying stock, you are buying the future cash flows of the underlying company.
Medical Marijuana Is Not Cheap
Medical Marijuana (MJNA.PK) is a penny stock that seems to have investors excited. Right now, shares trade at $0.27/share, which is what seems to entice many of the newer retail investors to the name. Many think that the stock is "cheap" because each individual share is cheap, but in reality we are looking at a company with a $218M market capitalization. Further, we note that each share trades at 67x earnings, which means that for your $0.27 investment, you are entitled to a mere $0.004.
Now, high multiples aren't unreasonable for high growth situations, and the company is certainly trying to sell itself as a high double digit growth story that piggybacks itself on the continuing legalization/acceptance of medical marijuana products across the United States. However, the problems with such an incredibly high multiple for this particular name are numerous:
Unreliable Financials: Doesn't it seem awfully strange to anybody that the company has made very "hand wavey" projections about its future cash flows? Further, it is widely suspected that its "cash flows" and "earnings" are largely a result of continued mass dilution of shares, since the share count continues to balloon. The financials are far from audited, and it remains to be seen if they ever become so.
Lack of Visibility: Generally speaking, a multiple in the 60's typically means that not only is the growth expected to rage on unabated for years to come, but that it is sustainable and not particularly threatened. Even if the bulls get their ultimate thesis that medical marijuana becomes legal everywhere, Medical Marijuana doesn't really have much of a "moat." True to basic economics, suppliers of these very low barrier-to-entry products will flood the market and could very likely induce severe pricing/margin pressure.
Bubble-Like Hysteria: Another big issue is that I believe that this stock is a playground for retail investors, many of whom have fairly limited knowledge of investing principles. It is a "hot penny stock" that has to do with "marijuana," so many likely feel that it's right to buy in because they think marijuana should be legal. Eventually, this will fade and the stock will see a dramatic drop as it trades for more reasonable multiples.
Questionable Management: Management explicitly took the time to mention the article published by Infitialis on this name and to claim that they would "pursue legal action." Not only did this severely damage management's credibility - as Infitialis took care to cite their sources and took down wrong information immediately - but it seems to me that by making such a big deal about it and trying to threaten Infitialis with "legal action," the company is too much on the defensive. I do not believe any legal action will be pursued, as I believe that a number of the accounting anomalies, coupled with the potentially illegal share dilution (as per Infitialis' research) is not something the company wants to be made public.
Conclusion
In short, with hazy growth estimates, non-audited financials, management that became far too defensive over a Seeking Alpha article (that cited its sources and was cleaned up quickly from any inaccuracies), all with a questionable increase in share count, I would stay far away from this name. There's not enough potential reward to short it (although I do believe it will go to $0), but staying away could be the healthiest thing for your portfolio
hope your right own 50K shares, pure speculation
what ecery
hey how you guys doing, do not miss this stock at all
ha ha ha, glad I am not i this stock anymore
cost me 13K
Mmmmmmm, glad I sold at a penny, only lost 10k. May buy more at .001
well, its time to say goodbye. Had 500K shares. Down 13K. Sold everything on Friday. Good luck. I have held this stock for 3 years. Divorced and broke, had to sell to get some extra cash to meet my child support payments
If it hits .005, may buy in. I am coming into some funds in a month or so. Buy back in, am I crazy. Well you never knw.
Bill Capasso
Not there, no supplement link
are we still affiliated with UFC, nothing on thier website. Think we have been ditched
well i am in
broke 200 EMA
double bottom
good volume
we will see, winter is coming
cyclical play also
the stock still sucks
funny, bet you can guess
stock sucks
Stock still sucking
well I bought more
well i bought more
well i bought more
did not call u an idiot, calling the whole MSLP picture an idiot. been in this stock 3 + year. Nothing but badness, except for the few pops. When badness happens every body says sell sell sell or average down. When it pps, everybody says buy buy buy. Crazy. We are still loosing money my friends.
you guys are idiots, uplisting isn't even a possibility. R/S yes. Bankruptcy yes, more dilution yes. Management has to start communicating with the shareholders.
Agree with Costaricajosh. The R/S is inevitable. The only other alterativie is a buy back with retirement of shares. They won't do this, I hope they do. But they won't spend money - they are fiscally irresponsible. If a R/S happens, in my opinion - it will be the demise of the brand.
that eould make a 40 billion company, no way
I'm waiting until 2nd quarter also. Then I'm out, if there is no turn around. I.m packing up my losses. Have held this stock for 3 years. I thought we were turning around. All I see is more dilution. Then a R/S, then more dilution.
well im in
well im in
Closing above BB - overbought, down today