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Yah if I had a Margin account I would short that garbage stock. You cant say a company with -100,000 dollars of revenue is worth 29 dollars because they bought a company, that is not making any money yet. When it does make money it will not be enough to keep it above 1 dollar.
They would not need military force to stop the usage. They would sue the States that legalized it. And that would force the states to crackdown hard on Marijuana.
Hint: FCLS scares the crap outta me, I wouldn't touch it with your money.
Can you short companies like FCLS. I wish I could.
do some fake math really quick.
7.9 million / - 100,000 in revenue and does that = 27 dollars. Not really.
I wish I could short this.
So if a salad company sells off their carrots to another company to produce them for the salads. How is it that carrots are worth 1000 times more than the salad company that sold it off in the first place, or better yet 3000 times more than the cucumber and lettuce company.
It can't otherwise the salad company would not have sold it.
I believe currently they are only selling Dixie products in Colorado. But soon it should be in California and a few other states.
Nope Florida has been pretty much on point for the past few years. This will make for a good time for those that are trying to get out.
He uses really good words in the pr like " could, might, should soon"
Every PR he released in the past 2 years have failed to produce any results except the O/S seems to get bigger.
If you don't believe then read the PRs about profitability and then look at the financials.
If your really good then tell us how many medipendants have been sold in the past year, that will give us an idea how much money the company is making. Good luck though, because Ronnie will not release those numbers because its really low.
Why it's not worth anything. What revenue have they pulled in? As far as previous financials its in the negatives. So they dilute shares to pay for photosphere from MJNA. MJNA will own 90% of this company by the end of the year if they pay 35 million dollars with stock.
I want to see how FCLS plans on paying 35 million to MJNA. If it in the form of diluted shares then its as good as the paper it's printed on, because FCLS has negative revenue in 2012. How that company is worth 27 dollars a share is crazy. It's also important to see how MJNA will claim it on their financials.
Exactly. A realestate company that invests into farming hemp. It makes no sence. On that look at the volume over the past 2 years. And read the financials. You will question the validity to this sell. I got out of MJNA because of it. Something is not right here.
How is that FCLS does not sell anything yet.
What is FCLS. Why did MJNA take 35 million dollars from them in the form of shares that will be issued over the year.
MJNA can't sell the shares. If they did it would bring the company to near nothing. Better yet read FCLS financials. And then laugh.
I don't like FCLS there is nothing there. If MJNA sold the shares there it would drop that company to pennies based on the shares traded today.
MJNA sold a part of the company. Could someone please explain how that was a benefit to Medical Marijuana inc.
Agreed.
Stay Long MJNA.
If the Feds say No to state legislation, then they can sue the states who authorized legalization. Colorado and Washington. They can turn away momentarily, but look later. Thats why its important for congress to get a solid answere to this question.
I am confident based on current political positions that the Federal GOP will allow the states to do it. Benefits outweight stuborness.
100% Agree. I am waiting to buy more, I want to know what the Feds are going to say regarding the AG's and congress members of CO and OR.
The problem is we dont know where the Feds stand at all. Every time we try and get an aswere, we get some BS response from Pres O or Congress saying they have bigger issues to worry about. So what happens after that? This is where we are now.
I disagree. This was in regards to bad Press Releases stating that the federal government can sue states like Washington and Colorado for legalizing Marijuana for recreational use while it is still a federal offense.
The Attorney Generals message can be viewed in different ways, as a supporter or protester on the prohibition.
This PR was to help instill shareholder confidence that the Federal Government wont do that. I hope they dont, but with Jared Polis (D-CO) and Earl Blumenauer (D-OR) report, it shows that state congressmen are fighting to allow states to legeslate their own Marijuana laws.
http://polis.house.gov/uploadedfiles/the_path_forward.pdf
Like a lot of proactive investors, we want to see steady increase based on factual revenue.
These assumptive articles that drive up the price are only for that. To drive up the price.
A safe plan is to buy low and hold, do not buy on hype.
These articles about AG trying to allow the states to legislate their own marijuana laws do not increase revenue, and on that it still has not happend. It's assumptive.
With the forward looking statements of 2014 it gives us a pps of .20. There is no multiple of that. If you want to give it a p/e of 20, then great but the 20 is assumptive.
We can all agree that MJNA is going to be worth over a dollar in the next couple of years, but don't try and drive that price up on assumptions.
GLTA
With as many states as there are trying to legalize it. It's almost game over for the Feds. Plus I know b obama Ned's some new tax revenue.
What does grey mean on the buy and sells chart. It show green/grey/red
Where is this coming from.
I am also buying more tomorrow. I got more today, and more tomorrow if it goes below these prices.
stuff like this is healthy for the company anyway. for all those holding millions of shares when this company was worth .05, I bet a lot of them sold those shares. Moving the low bar up.
whats the phone number? so we can call them.
Numbers from selling in CA will let us know what this company is capable of.
•Established GMP manufacturing partnership for large scale production and distribution of Dixie Botanicals
•Launched the first wholesale sales team in California for Dixie Botanicals
California is a lot bigger than Colorado, and would make a high profile company like MJNA stand out.
MJNA is high profile.
Absolutely agree, This company will go up, its inevitable.
California is going to start selling MJNA product
Mass is going to start.
currently with 5.7 million in revenue they were only selling in Colorado. Honestly how many people live there compared to states like Holy crap California.
You wish it would go back that low. But there is no way. With what they are making this year alone puts the company at .15. With 2014 projections at .22, with a 0 PE.
I said this was a SA pump and dump 3 weeks ago, with Money Movers. Everyone laughed. well HAHA.
Reloaded.
Bags. I couldn't go to albertsons without getting one.
Why do we multiply it by 20. And can this be done to all stocks.
300% in 2014. If u want me to pull out the Hubble then lets look further down the road. When is MJNA going to make a recreational marijuana product that u can smoke and get stupid. We want to se gains then this is what we want, along with the medical stuff to give those that use it as an excuse.
I've been saying this for the past few weeks. We don't want huge gains based off an outside source. Let the company say what the projections are and we can do this with continuous moderate gains, not a pump and dump pr.
That makes no sense how do u come up with 3.40
It's an honest projection. I love it that the CEO does not give out un realistic projections. Honestly he could pretty much say anything and expel would be leave him.
Lol at 5% it was closer to 30% for 2 days. That was just insane.
Yah he said it in his interview.
The major contributor to the huge pps increase was from a SA article that gave projection earnings if the company did 1000% gains for 2 years. With this release of the projections we are no where near 570 million dollars of revenue in 2014.
With the lower projections and the fact MJNA diluted to over 900 million O/S it decreased the actual value of the pps.
There is a huge potential 2014 earnings will be higher but the projections are no where near what the hype and emotion brought to the table in the past 2 weeks.
The forcast is $155,000,000 in 2014 at Just over 900 million O/S, I dont see how this is huge news. According to the projections for this company to be worth $1.14 pps they needed 1000% gains for the next 2 years.
In 2013 - 47 million - appx 800% gain
In 2014 - 155 million - appx 330% gain
What we did not know was 900 million shares outstanding. which puts it back down to almost .20c pps in 2014.
What we wanted to see was 1000% gains for 2 more years which made it $570 million in 2014 giving us a pps of $1.14. Looks like we are projecting not to meet that Goal.