Hello to all.
Looking to try this stock (in small amount) in my MJ portfolio.
Looks like stock is close to R/Split territory?
With present float and current stock price, not much sense in going below .001.
Too me, MMs cooperate right closely with insider owners of stock.
Take the stock too low and you end up with folks (retail investors) that have negative purchase emotions against the company.
IF this company has $ Millions in sales (say $2.5 mil last year), profits are not much over *$650K after all costs and income taxes? Looks like company will need much more in sales volume increase to boost its profits. How will they finance that?
Would this company be able to sell Hemp Oil refills for E-cigs?
I would think one could get that going as a revenue stream.
I expect all MJ stocks to float upward when more positive news comes out of Washington DC.
Here's a good one.
Washington State is trying to make effective Recreational MJ Use Law and get some feedback (that all states and Feds can use), and get MJ users to pay taxes. So what do the Feds Do? They raid medical MJ clinics/stores in Olympia, Wa. (State Capital). What a direct insult to Governor and legsilators and responsible groups trying to get legal MJ Recreational use going. Are Feds working for Pharma Big Manufacturers that 'want it all',
supporting street illegal pushers and growers, or totally confused in how to reach out to states that are trying to be legal? They sure know how to 'tap' the state National Guard Units, though, don't they. Looks like they have an Authority Complex.
Washington DC currently has medical MJ enacted, and soon to go for legal Recreational MJ. So, is administration directing DEA to go after MJ in DC too? Hope and Change it seems gets dropped other 'places'. the backyard boys are off limits?
