Medical Marijuana Inc (MJNA)

[nopancakemix]

$1.00-2.00 in a month?
Love the enthusiasm but that's a wildly optimistic claim. MJNA's own projections for 2013 are $47m revenues. Even if they pulled in all $47m in this quarter alone and guided for 3 more quarters of $47m revenues, $1 is a lofty market cap. That would make MJNA trade at 4x revenues with a market cap of $1b, and 8x at $2pps.

And yes pumpers here influence the stock indirectly. They are a negative influence because they post wild, unattainable projections and shoddy TA, lowering the credibility of this company and equity. Your support levels are totally flawed since MJNA has never traded at these levels. How can there be support when the stock blew through these levels without stopping?

And a PR is not what is going to save this company. A good earnings report would be helpful. If MJNA times it well with the Fortune magazine hitting shelves in April, and the Denver Cannabis Cup, interest and volume could return with renewed vigor.

Until then you just gotta chill but if MJNA does go to $2 in by April 29, I'll give you 10,000 shares