Medical Marijuana Inc (MJNA)

[NavyMSU]

Uplist soon = only after audit.

SEC states that companies have 90 days to report. MJNA does not have to report, but if they want to be taken seriously they will. Quarterly reports have 45 days from end of fiscal quarter to be reported and MJNA has always taken the full 45 days. Based on prior history, expect MJNA to take the full 90 days to report. Depending, that is March 31 or April 1, or thereabouts.

This is true 'long' territory. Don't expect and bumps in price other than technicals' self fulfilling prophecies or if the Feds actually make a positive statement (don't hold your breath).

Given the huge regulatory risk, don't expect huge 100:1 type P/E prices. At current earnings, .12 is a P/E of 16 which is stable... Hype won't kick in to drive prices until its uplisted at least... Maybe Q1 in May, the first quarterly with proof of audited books (I expect audit after Q4).