ENTROPIC COMMUNICATIONS INC (ENTR)

[ddm1082]

ENTR DD

CHART:
Bullish reversal confirmed on increasing volume
HOD close over MA(10) resistance
Support found at MA(10) ... has not even had to test middle BB
Roughly $100k traded Friday.

FINANCIALS:
Oil & gas company looking to diversify into Medical Marijuana

Many 8Ks show rapid expansion in personnel and acquisition of private companies in the MJ sector.

JV with World of maihuana projections ltd. (WOM) for 51% ownership
WOM "has or will acquire" license to grow and distribute medical marijuana in Canada.
Deal cost ENRT $1.375M cash and 20 million shares.
WOM uses first $375k cash to upgrade the business.

License is for 925 lbs/yr.... PHOT and FITX are looking for 1.3 million lbs/yr (+1400% more marijuana... unrealistic?)

SHARE STRUCTURE:
A/S 200M
O/S 44M
as of 11/30/13

About 60 million shares will be added to the O/S to complete the recent JV/acquisitions. Market cap including these shares would stand at $38M.

Adding to "appears to be the real deal" list.