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The pps has been averaging around 12 so it's not really moving at all. If it goes down to 11 or 10 then that just means buy.
Your math is wrong...
{1 - [(5,000,000,000 - 45,000,000) / 5,000,000,000]} x 100 = 0.9%
She posting some rant on her FaceBook page in 2012 which she wouldn't back up with any other comments or proof of any kind. Also, she pointed the finger at the entire industry but alluded to Dixie Elixirs edibles... not MJNA's Dixie Botanical line. The rest is hard to remember because this is ancient history and nothing came of it.
Once again, 45M to pay biz debt last year... 1% of their A/S... which they announced before hand and did not increase their O/S. This is not dilution.
DILUTION DEFINITION
http://en.wikipedia.org/wiki/Stock_dilution
Haha yes it was. It was discussed here to death when it happened last year. Disgruntled employee venturing into competing business made false claims using faulty test methods leading to legal action by MJNA.
Yeah, this happened last year. 45M shares out of 5B A/S were used to pay debt last year. The percentage transferred is insignificant, they said they were going to do it in Q2 and it still didn't increase their O/S which by definition is why there is no dilution. It was a normal business dealing.
This was debunked months ago.
What dilution? No new shares have been issued to increase the O/S. They haven't even used 1/5th of their A/S and have kept their self-imposed cap for years.
China? Making ppl sick? What are you talking about?
Buy low, sell high. Not vice-versa. Looking to accumulate more 10's although don't think it'll get there.
There's no proof or relevance to these claims about Llamas. Here's what we actually know...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=110759963
Three reasons? Easy.
1) March 2nd, 2012
2) February 8th, 2013
3) January 31st, 2014
Next 3x bagger coming...
There are no reports of issuance of additional shares in their financials so the burden of proof of dilution is on your end my friend.
The share structure hasn't changed for years and there has been no significant increase in O/S. There's no need to as they haven't even come close to using their A/S. All these claims of dilution are utter BS.
There's nothing arbitrary about those numbers. Anyone long on this stock is in the drivers seat. I could sell the boat load of 10's I'm sitting on right now for a return that's many times greater than any mainstream investment. That would be silly though because everyone knows it's gonna pop again. It always does. Over and over. I've made money swing trading this stock so many times that the pps could dump and it wouldn't even touch the gains I've made over the past few years.
MJNA's current pps has been holding pretty steady and no investors that I know of are "freaked out". In fact, it's up over 400% since January of 2012. The O/S has not been increased so there is no dilution. Another fact, they have held their self-imposed cap of only using 1/5 of their O/S for years.
Llamas stepped down as CEO of MJNA over two years ago. He is not listed as CEO in the financials. He is not acting as CEO. He is not a "de facto" puppet master CEO. MJNA and Dixie settled any issues they had regarding Llamas and otherwise amicably. MJNA has not announced they are holding the position for him. His court case is completely unrelated to MJNA business. If California really wanted Llamas roasted over a fire they wouldn't have postponed his case for another year. This info has been known for years so any relevance that it may have had for investors has long since been baked into the pps. No evidence has been shown to the contrary and none of this has been news worthy enough to hit any of the major news streams for this stock.
"According to the company, Mr. Llamas will be stepping down from his position in order to focus his attention on personal business matters that are entirely unrelated to MJNA."
http://www.medicalmarijuanainc.com/index.php/press/22-press-releases/2012-press-releases/177-medical-marijuana-inc-announces-that-interim-president-and-ceo-michael-llamas-is-taking-a-leave-of-absence-from-the-company
MJNA has not reported an increase in O/S so there is no dilution.
Llamas case was moved to 2016. He hasn't been the CEO of MJNA for two years and his real estate case has nothing to do with them anyway.
There is no evidence that Llamas is leading MJNA in any way or that they are holding a CEO spot for him. These assumptions don't even make sense when you look at them logically...
http://www.investorshub.advfn.com/boards/read_msg.aspx?message_id=110702437
This does not change the facts that Llamas is not running MJNA in any form nor does the news of his court case have any effect on the current pps.
Today, MJNA closed over 400% up from its pps in January 2012. See? I can pick arbitrary dates to support my argument as well.
What I said was quite clear but I'll reiterate. I don't wait for the stock to go down to come out of hiding and then claim it was based on some ludicrous reason that I'd like it to be. The pps closed 0.0002 down anyway... OMG grab the lifeboats... lol.
Stocks go up and down. The important difference is that I'm not making any unsubstantiated claims as to the reason why it moved in either direction.
This "headline risk" you speak of already occurred two years ago for MJNA because that's how long ago Llamas was served and stepped down.
In regard to shareholder response to this news in January of 2015? The chart shows the pps consistently fluctuated between 12 and 13 cents. How many news flags were there regarding the Llamas case? Zero because it has no relevance.
http://www.google.com/finance?q=NASDAQ%3AMJNA&ei=H2sWUYCaIaS_0AH6WA
Read the lawsuit. It does not involve MJNA in any way. The allegations occurred before Llamas was even involved with MJNA. We also know that MJNA wasn't effected in any way by this during his tenure. Once he was served he stepped down. Investors have known about this for years.
That's a meaningless statement without an argument to support it.
It's really grasping for straws by trying to discredit a company based on the supposed reputation of its shareholders.
His reputation as a shareholder isn't what's being put in question. As a shareholder, he has to get in line with all the others to influence the direction of the company. The issue is that a few people are trying to mislead board readers into believing Llamas is still the CEO or some puppet master which he clearly is not. This all happened two years ago and is ancient history to investors. His court case has had nothing to do with MJNA business then or now. We don't even have a result from the court case.
Llamas is not the CEO of MJNA in any shape or form and his real estate case has no bearing on MJNA.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=110702437
I put forth a logical argument. This comment is the same as not having one in return.
Show us where MJNA has issued new stock and increased the O/S. You can't because there has been no evidence of dilution.
Simple questions have simple answers. Does the Llamas real estate court case effect any of the following with MJNA?
-His ability to lead MJNA? No, because he stepped down from the board two years ago which gave MJNA leadership puh-lenty of time to adjust their day to day operations without his presence.
-MJNA's reputation? No, when Llamas was served the decision was made to have him step down from their board and distance themselves from each other.
-MJNA's ability to create and sell products/services to generate revenue? No, as we've seen a steady stream of new product launches and sales with and without Llamas at the helm.
-MJNA's real estate business? No, because MJNA is not in the real estate business and Llamas' ancient court case has nothing to do with MJNA business.
I'm not even going to bother posting countless examples of executives from other publicly traded companies who had legal troubles which didn't effect the pps in any way. You can't swing a dead cat on Wall Street without hitting one.
Investors have known about the Llamas court case for several years so what effect do you think it will have now? None. It's ancient history and the news was baked into the share price a long time ago.
You can't swing a dead cat around Wall Street without hitting executives with legal issues. If one litigation with a former CEO from several years ago is all it takes to give an investment a black 'X' then you might as well scratch off more than half the public companies out there.
As for Perry Coleman, he always appears to be a reasonable guy from everything I've seen him write.
Haha... address the point. Llamas is not CEO of MJNA. Llamas has not been involved with MJNA leadership for 2 years. Explain how anything that Llamas does is in any way relevant to MJNA????????
These allegations occurred before Llamas' was working with MJNA and he has not been with them for 2 years. This has nothing to do with MJNA. It does not matter how you reword this.
Wishful thinking does not make any claims about Llamas or MJNA fact. I've seen these claims for months and have seen zero facts to back these these opinions.
This case has nothing to do with MJNA business dealings and involves someone that is ancient history. There's just no other way to put it.
Read the financials... Llamas is not on the board... you don't just phone in leadership.