My thoughts on MWIP.
A friend just pinged me that according to SEC's site Canton has resigned on the 800 BOD-looks like it's true. Weird timing, and not sure what to take from that. Anywho, MWIP was never a long term hold for me, at least not at these revenues. They've improved, but I'd need more stability and confirmation before going long on a company. My personal trading strategy has been to just buy on the dip and sell on the rips-and its made me quite a bit of money. :)
Someone alluded to the company possibly being bought out-don’t see that happening. What’s there to buy? Buyouts (at least the one's I've observed) occur once a company is at least somewhat established and has proven success with a business model or product; MWIP has a long way to go to illustrate that type of potential. If they position themselves right, its surely possible though in the industry.
I actually think Michael Friedman by posting on ihub has (or tried to) develop a sort of cult of personality. Seemed odd to me a CEO posting on a stock msg board that investors will "be rewarded" and so on. A company’s progress speaks for itself. Not saying I think he's a bad guy necessarily, or that I know what all other investors feel exactly, but it seems that it has caused many investors to have what I believe are unrealistic expectations of the stock's movement. That one day he's going to just drop this big bombshell, 800C is gonna start trading, and that these two companies are going to make them millionaires (ok maybe millionaire is an exaggeration but you get my point). Perhaps he’s just well-read on how Mass Psychology works, no…...? Again, just MHO (since some of you are ridiculously sensitive on this board).
There were quite a few times it seemed investors thought "D Day" was coming. For example many thought that when that Dr. gave MMJ his blessing that it'd run-wrong. Investors thought it'd run when E. Holder have MMJ his blessing-wrong. Some believed when the divy record date was announced that it'd run-wrong, instead it only inched up close to .06. Many assumed that with the announcement of the site launch recently for MB that it'd run-wrong again-and some left unfortunately. Not even sure why one would think that date would be tied to 800C shares trading anyway.
Other MMJ stocks have rallied, while MWIP has stayed stagnant for a reason-they want it to. And I don't see MF rewarding shareholders with super gains just to make up for the year of stagnation-but I do believe more money can be made here-but we each trade how we wanna trade. I've been in and out of this stock for about a year and watch the MMJ boards closely, and I believe that Friedman is working on making the company profitable, but I just don't believe that there will be true transparency and enough profitability to really push this stock's price for at least another year. Meanwhile, progression made within the MMJ industry is DEFINITELY gonna work in the company's favor. Eitherway I'll be keeping my eye on her-like a hawk.
