Medical Marijuana Inc (MJNA)

[NavyMSU]

3-4 in gross revenue? Where do you get this? What are their cost of goods sold.

What are their operating margins to help us possibly determine earnings?

3-4 with 50% cost of goods means valuation of approx 36-48M using a rough 6x revenue estimate.

That revenue means the stock price could drop to 9¢ range, assuming costs are only 50%.

When considering P/E, we'd need to evaluate earnings. To justify a 30:1, the profit margin would need to be 12.5% to justify current PPS at 11.3¢. That's at 30:1, which is not unreasonable for a company in a hot emerging market.

25% could see 22¢ at 30:1.

Lots of assumptions based on assumed values. This crap has got to stop and we should just WAIT until Thursday and hope they release a proper statement.