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Sunday, January 20, 2013 10:59:08 AM
The company has a lot going for it:
- Audit to a more reputable exchange, which will have them reporting fully reporting to SEC
- Once audit is complete 15 Million dollars in the form of a LOC will be accessible to MJNA
- Further capital will be accessible due to the up listing
- Eric Holders Comments
- Major contracts for the sale of its CBD it just harvested
- New products though acquisition via LOC and other sources of capital.
- Launch of CanChew gum
- Supreme Court Decision on rescheduling
- International expansion to Canada and Europe.
- Industrial Hemp is now legal to be grown in Colorado which will increase MJNA's profit margins for the coming quarters.
- Advertising opportunities and more media coverage.
- Expansion into more states such as Washington
- Increase sales due to legalization
- I hear on the board that the old CEO is going to cause this stock to be halted. If you do any research on the topic even taking into considerations this position in the hemp deposit corporation ... you know its not possible. And even if it was if would have to be clearly stated in their financial statements that it is a known risk.
- More licencing deals
- More distributions deals.
The list clearly is long. But I would be ignorant to leave out negatives.
- Banking is still a concern for the industry
- Full legalization nationally and big money like tobacco companies come in and dont make a deal with MJNA and push them out of business (highly unlikely as it will be a while for national legalization)
- Some sort of unknown fraud (this is a risk for any business that hasn't been audited even ones that have been audited.
- Management executes terribly (Executing well as of know)
- Federal Governmental Crack Down (Highly unlikely as they do not have the resources and the current governmental is very liberal)
- Europe or Canada rejects expansion into the region
I've left out some positives and negatives as I'm not going to sit here al day and list them. I just wanted to provided the point that the company has a lot going for them.... Its cheap from a multiple prospective considering growth, very clean financial statements and at 12 cents is a steal. The company will be trading in the lower .20 cent range by late February as it is an appropriate valuation for MJNA's current income and growth before Q4
Sentiment: Strong Buy
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