Replies to post #84181 on Medical Marijuana Inc (MJNA)

[davidjr78]

I would rather them use the money to continue expanding.

[Det_Robert_Thorne]

Yes, you're wrong about a buyback.

If they're selling shares in order to raise cash to expand their operations into new markets, then they don't have the cash to buy back the stock.

Even if they weren't having to sell shares and had $20M in cash on hand, it would be far better to spend it on expansion than a buyback.

[NapoleonGrande]

A company needs to be financially secure before buying back shares. They need a steady revenue stream before they can even think about doing that. They are trying to do aggressive expansions which requires a lot of money.

[SirViP]

Horrible idea. Especially since they're expanding to Ca and Mass. They need all the money we can invest in order for them to grow and take advantage of legalization that's going on WORLDWIDE.

[Sarsoor]

It is but they don't have the cash on hand to make a huge dent in the float. We shall see if it goes lower.

[NavyMSU]

It would seem like all the shorting was manipulation on their behalf if they did that.

But I agree, they could afford more than twice the shares as before.

But they won't, they have cash flow problems right now: its why they had to give CanChew 47M shares for financing their operation.

Cash flow is not be same as financial difficulties. All their cash they seem to be using for expansion.

Perhaps this huge crush has been Canchew selling off to raise funds... 47M? That's going to take a year or more to move without negatively impacting the price...