Monday, May 13, 2013 11:36:57 PM
That rise to .50 was on pure speculation and enthusiasm over the potential future of legalized marijuana.
It started around .11 in January and MR ran it to .16 where it stagnated for maybe 2 or 3 days, but that fast rise to .16 caught ALOT of attention! 11-16 was a 45% gain in days.
They brought more speculators wanting to ride the wave, that drove the price higher and higher, pure momentum being reinforced by websites sharing with their readers the action MJNA was seeing.
That includes SA: they wrote a huge article that was seen on Yahoo and Google and that drove the madness even more.
When we double topped at .50 and momentum ceased, Infitalis and Co saw a chance to short the hell out of it.. That's when we triple topped .50 and the price started to collapse.
MJNA's previous 'transparency' had nothing to do with the .50.
However, transparency like we saw in the PR (or better) would have prevented all of Alan's and Assrash's article. Nothing would have stopped Infitalis' article, because it was so full of misinformation and lies, they were determined to smash MJNA without any care for DD.
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