Medical Marijuana Inc (MJNA)

[doone]

There are publicly traded companies with zero revenue (so no P/E), with market caps over 100m, trading over $2 per share.
So it is possible.

$1.40? Really? With 936M shares outstanding?

At $1.40, and with 936M OS, MJNA would have a market cap of $1.3B, for a company with less than $2M in operating income in 2012 and likely less than $3M in OI in 2013.

A $1.40 share price would be a PE ratio of over 450, and that is completely unrealistic.