![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Wednesday, May 15, 2013 11:13:54 PM
My take on a normal Penny Company:
Is not profitable;
Hype to raise PPS so they can Dump shares to pay debts;
File Late or if at all;
Broken Promises;
I hold this company to a higher standard because they do not have time to make mistakes. In a few years the Feds will lift the prohibition, and Marijuana will be legal; and for companies that do not have a good track record or solid foundation, they will disappear.
Accepting mediocrity because they are a penny company is setting a low standard and it is not in my best interest to be invested in a company as such.
I can guarantee that if a major pharmaceutical company says they are getting into the Medical Marijuana business this company will be gone, because other pharmaceutical companies will initiate and the will monopolize on it leaving little room for small companies to take a piece of this pie.
This is why MJNA cannot be late this early in the game.
They need to set the standard, build a strong foundation and support group so they can take it to the next level, and early financials 1 or 2 days should be the standard.
Late is not acceptable.
Last Shot Hydration Drink Announced as Official Sponsor of Red River Athletic Conference • EQLB • Jun 20, 2024 2:38 PM
ATWEC Announces Major Acquisition and Lays Out Strategic Growth Plans • ATWT • Jun 20, 2024 7:09 AM
North Bay Resources Announces Composite Assays of 0.53 and 0.44 Troy Ounces per Ton Gold in Trenches B + C at Fran Gold, British Columbia • NBRI • Jun 18, 2024 9:18 AM
VAYK Assembling New Management Team for $64 Billion Domestic Market • VAYK • Jun 18, 2024 9:00 AM
Fifty 1 Labs, Inc Announces Acquisition of Drago Knives, LLC • CAFI • Jun 18, 2024 8:45 AM
Hydromer Announces Attainment of ISO 13485 Certification • HYDI • Jun 17, 2024 9:22 AM