Replies to post #50911 on Medical Marijuana Inc (MJNA)

[NavyMSU]

MJNA could buy back or reverse split to reduce the # of shares outstanding and raising the price. Buyback is better for investors, but reverse split is not harmful. At .125 PPS, a 10:1 reverse split would effectively drive the PPS to $1.25.

Simple math.

I did read somewhere that MJNA will not do anything with their stocks until after they are audited.

[Nebula1]

It does for Nasdaq, but that's not where they will most likely be listing next.

As Navy illustrated, a split, buyback or retiring shares could occur to make that event possible, but the next step is more likely to OTCQX.

Ted did say recently, however, that he would like to see MJNA on the big boards so Nasdaq is probably still part of the long term vision.

[MethodMan]

It would be pointless to be on the Nasdaq if a stock cannot trade over $1.

If it drops below $1 they get a warning letter stating they need to have 10 trading days over $1 at the close or they could be delisted. I think they get 6 months to do that.

If MJNA states they want to be on the Nasdaq they probably know they can stay above $1.

Go MJNA