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They needed 24 months of finacials to audit with the last period needed being 12/31/12, there is no way that audit is coming this month. However, the court said on October 16th that a decision will come about Janaury 16th or in about 3 months, which is right around the corner. that is what is lurking. On a side note, I was reviewing MDBX meteoric rise and why it happened. It happened on thin volume, right after the lawyer letter was issued (part of quarterly requirement for uplisting MJNA is also doing this), got plenty of exposure in the WSJ, and most importantly, totally blindsided everyone. $MJNA$ is a rocket waiting to happen IMO. This rise on thin volume bodes will, will the MM's let this one go? We shall see.
You know what would start a feeding frenzy on this stock instantly? Announcement of a buyback or even better than stock Buybacks have already occurred...just saying, but this isn't out of the realm of possibilty since they did it earlier this year and $MJNA$ does have cash on hand. Jmo
Lobbyists carry a pretty hefty load. No doubt the tobacco industry likes to keep this under wraps. Big news is coming...can't wait.
News is brewing....I'm guessing the next big piece of news is going to be rescheduling of marijuana.
Volume is really disappointing, but the creeping upwards is a good sign. Let's see some news soon and we will start to really move north. Does anyone else hink it has been a little too eerily quiet? No news of consequence has come out in a month. Something big is about to happen...don't ge left out.
Wow that stuff is pricey and I'm sure their margins are awesome! Looks like a nice website. I'd like to passively take a cut of a product like that. $MJNA
What a volatile day! Bid .11 Ask .1135. Jumping around like crazy, not sure I've ever seen it act like this. Something is definitely up. Some profit taking for sure, but somebody is really intent on driving this up and they have the cash to do it. Let's see where this wild ride ends up!
Fine I appear to be wrong, looks like we might break .12 at opening. Bid is .112 and Ask is .1199. Looks like we are gearing up for another big day. News has got to break any minute here as this appears to be rising for no reason. Good post Navy I enjoyed reading as always, I hope they don't delete it.
News better break soon or we will slide back down towards the 10s. This evening I was fully expecting something, maybe tomorrow before opening. We need to keep the momentum going! $MJNA!
If there is no news tonight, we will most certainly see the 10's tomorrow. Anything at this point even fluff will keep this bad boy in the 11's. The chatter I've been hearing is that many penny sites are starting to pump this stock to at least 14 on its own and with news we will go higher than the 16 we saw last time around! Go MJNA$
Climb again Bid .108 Ask .1089 price is .1089 news is going to drop, somebody knows something! Get into this soon folks, this has been consolidating for awhile!
Price up to .106 Bid .105 Ask .106 climbing the ladder, news has got to break soon.
Looking like it Bid .104 ask .105 we will definitely open higher and then wait for the news. It is going to hit soon and it is going to be HUGE news I can feel it.
I contacted etrade as well for what its worth they told me to call (1-800-ETRADE-1) and ask for corporate actions...not in the mood for an etrade runaround today. If someone is please call and let me know.
By the way, why is nobody excited about the very large, totally unanticipated spike at the end of the day? There's no pumpers on here that are beibg paid, maybe this really is good news, weird that there is no chatter at all about this. We could see pretty nice premilinary financials. Anyone have input?
Bid .10 and ask .11 I agree with the big move part. Only if there is no news in the next couple days will it go down. I think this is being propped up with smart money. This stock has nowhere to go but up and we have pretty well established .10 is the bottom.
Very rational coach. I fall into the basher category since I have sustained some pretty heavy losses. However, I do see the notice of effect as very positive news. Big big movement upwards is coming in my opinion due to imminent uplisting.
I agree, for you chart people, the pattern of the 6 monmth chart for Sept-Oct before the big leg up in November is almost a mirror image of the December-Jan pattern. This looks like it is getting ready to explode on news, don't get left out.
Notice of effect! Successful completion of the review process by the SEC. We are in business folks!
One penny away from having to wait another 45 days. January 18 is the magic "uplisting" day
Holy crap the pro forma statement shows 5.3mmm in stockholder equity for the quarter ending sept 30. Retiring the debt made a huge difference. We might actually see CFP this quarter! Wow that's awesome news!
Long term is the way to go with MJNA. It's just a matter of time until the long term holders on this one are very handsomely rewarded. So much big news is going to come in such a short period of time, the flippers are going to be banging their heads against the walls. There's so much to like and what is not to like well that can be easily fixed with audited financials and more sales :)
The worst part is that they have brought all of these people into the fold to sit on the board nd they haven't helped accomplish a thing. Aren't all of the new board members supposed to help in some capacity? They were compensated for their expertise were they not? That is whatdissappoints me most. Suc potential here that needs to be harnessed, just an all around failure from the board and management to run this company corectly.
Maybe they read my little comment on IHUB and decided to drop 50 large as a result ;). Glad to get people talking a bit more than anything, this place was dead. Seriously though,i like good conversation in here, it's kind of been lacking a bit. i like readig what NAVY, Reasonable and others have to say. It is always well thought out and I get kind of upset when they get censored. It has been way too quiet around here news wise and I expect something to drop here very soon. Can't wait for the string of news to hit, I think it will be very positive.
Maybe they read my little comment on IHUB and decided to drop 50 large as a result ;). Glad to get people talking a bit more than anything, this place was dead. Seriously though,i like good conversation in here, it's kind of been lacking a bit. i like readig what NAVY, Reasonable and others have to say. It is always well thought out and I get kind of upset when they get censored. It has been way too quiet around here news wise and I expect something to drop here very soon. Can't wait for the string of news to hit, I think it will be very positive.
You are certainly entitled to your opinion. I still feel that we are in uncharted territory here as a multibillion dollar growth industry. I'm not really sure how a crooked CEO will affect an incorporated company as many companies in history have had crooked CEO's leave with the company. Even if Llamas is indicted, convicted, and sent to jail and the company spits out insane numbers, do you really think people will shy away from the company if the numbers are good? I will concede on the outstanding shares limiting the ceiling to $20 tops in the short term. You have to admit, the potential is there for MJNA to rise and rise quickly.
I'm calling it right here right now. I strongly feel that MJNA is the next Medbox. The critcal mass of so much positive news is starting to form and could combust in a HUGE PPS explosion. Here is what I could see happening in the next two months.
1) Sales explode from a combination of legalization in Colorado/Washington and several medicinal marijuana states.
2) Canada does indeed look for a private provider and guess which company is best situated to capitalize.
3) MJNA keeps getting grouped with Medbox in articles and everyone is hoping to catch the next bullet train out of the station.
4) Prelimary financials get released in January showing explosive sales growth
5) More states talk about jumping on board with full legaliztion once word starts to spread how much the taxes are benefitting Colorado and Washington.
6) AG Holder issues the edict we have all beeen waiting for reclassifying marijauna.
7) Buyout talk and chatter should start to heat up from cigarette companies.
I'm sure there are more reasons to get excited, but I am convinced this is the place to be. I've got my limit set at 4.20 and it expires Jan 9th, considering just removing it completely, but I don't want my shares sold short. Hop on board folks, this could be the next bullet train north. Of course, this is just my very excitable honest opinion.
.105 .107
I'm pretty impressed. There has been NO news in the past few weeks and the stock price hasn't sagged. The year is wrapping up here and MJNA will be announcing Q4 that should include some nice profits IMO. They did some investing for expansion last quarter according to their flimsy financials and should be looking at some pretty hefty pure profits coming up. I'm guessing in the 1.7mmm range. Anyone else want to take a guess at what the profits will be for Q4?
Nice POP at opening BID .106 ASK .107 might see some news?
Here is what I don't understand:
MJNA has proven that it can turn a profit and would be debt free is they had not recently opened a very large line of credit. They have in excess of 3 nillion dollars in cash. Marijuana has been legalized in two states and medicinal marijuana has been approved in several more. President Obama has stated that it is not a priority to go after marijuana. Why in the world would sales not surge? Give me one good reason why Q4 wouldn't be amazing. While the audited financials might potential show something crazy I think we can all agree tat is unlikely it will be a huge negative. There is NO WAY this stock is going down to the 8's again. We all saw the support it had on Friday and Monday. Just not possible, there will be a new wave of excited investors before the Q4 prelims come out andthis baby pops. If you miss the train well I feel sorry for you.
I still say we rise and news hits today or Monday. Reasonable has been well..reasonably accurate as if late, but this time I think we will see a sharp move up followed by news. There are just too many good catalysts out there waiting tO hit the wire. I cant see this dropping.
I suppose anything is "possible", but doesn't that 700k buy at the end of the day signal otherwise? Someone drops $70,000 on this stock and its going to drop? I feel that .10 is the bottom right here as the volume has been low and people are waiting for real news to drop any second. If anything I think a buy that large is smart money telling us that news is imminent. I am looking for a major announcement today or Monday with a move up to .12-.13 leading up to the announcement. Oversold! IMHO
What really excites me about this stock is that their licensing fee for hemp oil went from 900k in 2q to 1.4mmm in 3q and with legalization, it is going to explode through the roof for 4q and beyond. What I'd really like to see and an audit will show this, is where the money was spent that took away from their overall net income. No doubt it was invested but the balance sheet and income statement really don't tell the story. An audit will really shed some light on where the money went. I'm looking for a 4q to show no less than 3mmm in hemp oil licensing (by far their biggest source of revenue)and this will make the share prices move...all imo of course :)
That would be nice, I'd like to be able to have access to my shaares, E Tradesays I can have access when the transfer agent delivers them, i didn't know it woul be this long, this blows.
According to E Trade the ask really is .226, is there something brewing? I'm getting a little ansty waiting for the huge jump that's coming. Ugh nevermind, bid .10 ask .105
Yawn this is fluff pure and simple. Wake me up when Obama decides to act liberal and overtly state the federal government will stop eating tax dollars on the war on drugs
Ihub shows the ask at .30 we can only dream
Kids you got it all wrong. Put it at 4.20!
Certainly it is an uplisting. The OTC board reviews and approves, must be represented by an investment bank. Not as much SEC regulation though so we might be flying blind a bit and relying on their openness. But definitely an uplisting and a positive move!