Medical Marijuana Inc (MJNA)

[Alan Brochstein]

MJNA is probably being manipulated. I wouldn't mess with the manipulators - they are on the winning team so far. They have been in control of this stock since February.

My read is that the people manipulating the stock know that getting a close below .1000 bid will throw a huge wrench in the uplisting plans. I reviewed the rules, and this appears to be very accurate - you have to close above .1000 for the prior 90 days when you submit the application. I personally doubt it matters, as MJNA isn't likely to get a 2-year audit, so that game is probably not so real. Even so, you can bet that someone will step in to support this at .10. My target longer term is .06 - I am much more positive than some others who think it's a zero.

There is another near-term negative - MJNA's little partner in obfuscation reports supposedly today (not verified), and we already know one challenging thing: They can't sell the CBD! Thru mid-April, according to their 10-K, they had sold less than $1.3mm since they opened shop. If there is anything else, I would imagine someone will call that out, and that relationship will continue to dog this stock.