Medical Marijuana Inc (MJNA)

[nopancakemix]

It's All About Perspective
Sure it stinks for those who bought at the highs but that's the risk of trading or investing. For those who bought in the past 2 months as MJNA "has done nothing", I have no pity because that is just flipping. The complete technical flatline with MJNA is just odd.

I'm sure the financials will raise just as many questions as they answer. There needs to be more detail and clarity regarding revenue streams, relationships with subsidiaries, executive officers. It seems pretty obvious that MJNA will not hit the projected $47m for 2013, but if the current books are accurate and properly audited, the income this year will be significant. The recent positive exposure for HempMeds, complete with anecdotal progress at trade shows and high profile exposure around the country, could be a boost to earnings. Although it can be expensive, such publicity can easily double sales and present other opportunities.

I have a 2015 timeline on my cannabis stocks. By then, Colorados recreational use will be done with its rookie year. The 2014 presidential election will lend plenty of hype to the MJ issue and more states will have MJ reform initiatives. After 2015, I will re-evaluate but until then, I'm just enjoying the ride