Medical Marijuana Inc (MJNA)

[nopancakemix]

Share Price NOT Based On Fundamentals Argument
Really? Are you also factoring in MJNA's CANV holdings? I don't know how many CANV shares that MJNA owns but CANV was issuing those shares around $5per and CANV is now above $70per. MJNA's CANV holdings alone would justify MJNA's market cap.

And please show me one single company that is fundamentally valued properly these days. P/E ratios mean nothing these days. @MZN should be worth a $10 if based strictly on fundamentals. And FB, which annually earns about 1/150 of its valuation is grossly overvalued. And then there's, @APL, a company that makes over $200b in annual revenue yet is only worth 2x revenues?

Fundamentally, MJNA has an uphill battle but I can't think of 1 startup that doesn't unless it is highly manipulated. But once those issues are worked through, it will be too late to get in on the ground floor.

I'd rather be chasing hype now for pennies that playing catch up for dollars!