Medical Marijuana Inc (MJNA)

[Michael_Park]

They lied (at least the person on the phone did) about selling out the first batch.

When they posted all the pictures of the putative "new shipment" and talked about how they were then able to meet the "high demand," they also lied.

And, of course, each time they issue a quarterly report with the magic "extraordinary income," they lie.

This most recent quarter was supposed to be a turnaround point at which CanChew and CannaVest showed revenue that at least gave shareholders hope that the company might be heading toward success. They failed (miserably) to do this, and when you add on the newly confirmed fact that MJNA has been misleading people all along, I think there's little reason to support the company at this point -- especially taking into consideration new information about the suspicious nature of the money flow within this smoky network of companies with which MJNA deals.

MJNA: Trade it but don't trust it.