Medical Marijuana Inc (MJNA)

[nopancakemix]

Lots of Negative Sentiment
Understandably. The company really looks like a clown show after the earnings report. Missing pages, filed just seconds before midnight on the west coast, no CEO, nor any indication of a replacement....

MJNA is a mess. Management just completely squandered a great opportunity with all the recent interest that ballooned and deflated by management's poor performance. In an industry struggling to gain legitimacy, MJNA just hobbled the company with their sloppy behavior.

Honestly, I will no longer commit new monies to MJNA. A few weeks ago, I added at .18 which barely brings my cost basis above .05. The monies used to buy at .18 were from profits after selling some at .16 and shorting from .47 to .29 so I am basically playing with house money. I was hoping to add if MJNA slipped to .09 but until management gets their head's plucked from their bottoms, I won't commit another penny to this penny stock.

However, I will just sit on my MJNA holdings. I firmly believe this industry has enormous potential. I'm vested in ERBB because that company actually draws revenue from THC based products, although they can't report income due to the tenuous legality of cannabis.