Medical Marijuana Inc (MJNA)

[nopancakemix]

At $39pps, MJNA's Holdings are Worth $234,000,000
Thats a whole lot of meatballs. Clearly the market is not properly valuing MJNA because while the account for the shares as income is a little odd, the CANV holding should be reflected in the assets.

"Sure, that $40 price per share looks good, but it's artificial, due to the low float."

Uh, okay but if people are willing to pay $39 per CANV share, THAT IS WHAT IT IS WORTH. Yes, the float is low and daily volume is even lower, so liquidating MJNA's position in CANV is not as easy as say, selling @APL shares but that does not change the value of MJNA's holdings.