Medical Marijuana Inc (MJNA): I meant .17-.18 in the next few weeks -...

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Alan Brochstein

Re: NavyMSU post# 145003

Monday, 10/21/2013 8:55:02 AM

Monday, October 21, 2013 8:55:02 AM

I meant .17-.18 in the next few weeks - sorry for not being more clear...

This is a pop out of the .10-.15 "fair value for now" range that I have discussed for a while. Is it sustainable? Possibly - we will need to hear something positive on the CEO side or sales side in a few weeks to justify a higher price. MJNA at $132mm is not exactly a "value". With that said, it has been a lot more overvalued, as have other stocks in the sector, plus, the fundamentals could improve a lot. They haven't delivered on a lot of promises, so they may be playing things close to the vest so as not to disappoint. I see just as much chance of a positive surprise as a negative one. I am not afraid of the Q3 report being a huge bummer.

If you don't like my posts, don't read them. If you think only those who agree with you should post, then start your own message board. My conclusions are my opinion only, based on what I believe to be true. I have no crystal ball.