Medical Marijuana Inc (MJNA)

[nopancakemix]

It's not Seeking Alpha, its MJNA Management
Trust me, blaming SA is not only misguided but it gives those clowns way, WAY too much credit. Brochstein is a joke, laughed out of NYC only to retreat to his "home office" in Houston. Professional analysts make millions providing services for institutions and they DO NOT spend their weekend posting on message boards. Just look at his iHub signature which went from "I am an investment advisor...." to nearly the exact opposite.

Bottom line:
MJNA management was on the 1 yard line and they fumbled. Management has not provided adequate financial info, nor proper clarity regarding the company's finances or revenue sources. Had everything been lined up in February when interest was at the peak, and had the info been digestible, MJNA would be in dollar land by now.

Instead, management called an audible by releasing the "soothing" PR in response to the chaos and unfortunately, they only created more confusion in the process. Then management released Q1 earnings at 11:59:59PM on the day it was due, forgetting to include several pages. Seriously? This isn't a 3rd grade book report but a financial report that should provide legitimacy for the company. And they muffed it. Couple that with empty legal threats, possession arrests, weak PRs......

MJNA still has a lot of potential. As I posted in late March, .09 is a likely base. Back in March I also said "short term bearish, long term bullish", a sentiment I still have.