Replies to post #67976 on Medical Marijuana Inc (MJNA)

[deafelephant]

Or MJNA is diluting to raise capital. I found it suspicious they were so eager to announce preliminary numbers when it would have been better to wait till they finally submit their audits to ensure they are a legit company to erase all doubt about their real numbers. something fishy is going on here. Can't shake the feeling they are diluting into the hype.

[hydrogeologist]

There is way too many shares outstanding....at this time. 700 million shares is not uncommon for good producing companies. But for a emerging and developing company 700,000,000 shares allows for alot of manipulation.

The other alternative is for a reverse split, and although this really has no bearing on your financial outcome (TAKE TO .14 SHARES AND CREATE ONE SHARE AT 0.28, ITS ALL THE SAME), no one really likes the physcology behind having less shares.

So really, at this point, it is either grin and bear the slow growth until the mass population becomes interested in MJNA (if T. Keber keeps going on news platforms it will happen), or reverse split.