Medical Marijuana Inc (MJNA)

[nopancakemix]

MJNA IMO
Disclosure
I have been in this stock since 2011, making large buys at .09 and .03
I have sold at .12, .16 and .45
I shorted at .47 to .29 (a colossal waste of time as I had to transfer shares from ETrade to ML because ETrade wouldn't even let me short against my long shares)
I bought again at .18
I am currently long 250,000 shares of MJNA

If you check my posting history, I have always been extremely positive about the cannabis industry. I firmly believe in the positive medical, recreational, social and spiritual uses of cannabis. Right now, the industry is a powder keg as state and federal government laws prohibiting cannabis have been relaxing.

How MJNA fits in is up to management and currently the leadership of the company is a ship of fools. Last second earnings reports full of errors, incomplete paperwork and vague descriptions of revenue sources...fluff PRs...and general bafoonery has stalled any progress the company has made.

The upcoming events to watch for are the 2 year financial audit that may lead to uplisting. Other than that the only catalyst is 2014 election cycle. Typically, MJ stocks move a lot in the 1st qtr of the year, followed by a slow fade for the remainder of the year and this year has been no exception.

I expect MJNA to drift as low as .09 (as I called way back in March) but next year could be a real rip. The typical cyclical 1st quarter bump could be greatly exaggerated by the 2014 presidential election year.