$1? Yeah, at the beginning of the year assumed:
A) we would have a real CEO
B) that Michelle wouldn't be running the show
C) that Tripp was on the Board f Directors
D) that the CANV deal was on the up and up
E) that we would have 40+M in revenues.
F) that dilution would stop
Etc.
TO ALL NEW OR RECENTLY NEW INVESTORS OF MJNA:
Q2 destroyed all of those assumptions and now nobody is saying $1 anytime soon. We already got our skyrocket, we won't be going back to the moon.
If the PPS grows it will either be BS pumping for yet another quick turnaround and dump off, or a very slow organic growth. The share structure doesn't allow for significant PPS growth at Q2 revenues.
If the price moves up fast, have your sell orders ready to go... It'll fall back just as fast once the bigger sellers start pulling out.
I made about 25% in 30 minutes of trading on the last pump and dump off of Dr Gupta's paradigm shift ... Bought before close and sold just after open moments before it collapsed! Something like .18 to .23
BE CAREFUL: this company isn't doing anything that would justify a sustainable 20% PPS growth spurt.
Last year we had a growth spurt due to the elections then sustained around .10-.11 for 2 months before the craziness began.
The company now has products (last year was a joke by comparison), but we don't know about inventory turnover #s and realistic revenues (40+M is unrealistic, it was projected value of shares in CANV, not revenue).
So, what I was trying to get at is that we have products that are generating some revenues, and for now, .13-.14 seems supportable. Without Q3 #s don't expect sustainable growth in PPS.
We have just under 4 weeks until Q3... It's a fragile time, your suspicion levels should be high.
I'll repeat: if you see a spurt, be prepared to sell, don't hold, thinking it'll keep growing, it will not have justified it.
However, in the 3 days to a week before Q3, you'll have 'Buy the rumor, Sell the news...'. Be careful, there is money to be made, and money to be lost.
