Massroots...more hype than substance. Sound familiar? Fact is if you have a viable business model and a track record of growing revenues, you can get capital without resorting to the markets. Unfortunately most MJ stocks including MRNJD are scams.
"Unfortunately for the young company, the listing denial was probably warranted. The company is currently trading under a dollar with no path to profitability in sight.
NASDAQ's denial centered on these concerns primarily. MassRoots floats a $260,000 per month burn rate with no clear path to sustainable revenue. The Company does not hold any proprietary technology or software and has extremely high acquisition costs. With regards to the user cost for on-boarding and the revenue generated, "the juice isn't worth the squeeze," said Jason Spatafora on his website Marijuanastocks.com."
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