Replies to post #51895 on Medical Marijuana Inc (MJNA)

[NavyMSU]

There are definitely MM's. but apparently just not right now.

http://www.otcmarkets.com/stock/mjna/quote

Either they sold out or are going long.

[bensondog]

Not true at all MM's do very well playing the pinkies.
Check L2 for a list of the ones in action now on any stock.

[Fepacheco]

In relation to MM's on penny stocks:


I think you are not quite right stating that in OTC there are no MM's.

I might be wrong and willing to accept comments otherwise, but I think that in the penny stocks, virtually anyone with a little cash can become or play MM role

if u had 10k and bought in at .01 then u have 1.00M shares
if u had 30k and bought in at .02 then u have 1.50M shares
if u had 50k and bought in at .03 then u have 1.66M shares
if u had 100k and bough in at .04 then u have 2.50M shares
and so forth...........

COULDN 'T YOU ACT AS A MM if u held that million shares???.... think 'bout it... what amount of capital would it take to hold a position , say of a $30 stock to hold those many shares?????? $3million? $15million? it takes a whole lotta cash to me a MM in the BIG league, but here at the OTC there are lots of FRAUD. All I hope is that over time, this company does well... for Christ Sake, it has a good name... It outta be worth something just for that over 20 years when the cannabis industry is back solid rotted within or society again.

MJNA's problem is that the are way too many shares out there.. they should use their capital to buy treasury stock while the its cheap still and that would bring on DILUTION, as it has been discussed on other posts here...

I personally didn't have the smarts to acquire that early, I started buying at .048 and so on.... holding quite a few shares now and hoping to hold the .09 line of support during next month or so...

ANY more thoughts on MM's??