Replies to post #112293 on Medical Marijuana Inc (MJNA)

[kingb11]

Can we say Paniced

[Det_Robert_Thorne]

Probably because the letter didn't say much

The letter really didn't cover much new ground, except perhaps for the confirmation that Sides hadn't sold any of the shares mentioned in the 144 filing, but I never thought she had.

Most of the issues still remain, like why they credited the $4.5M in Cannavest shares to Q4 revenue, despite the fact that they didn't receive the shares until the end of January.

Also, Cannavest shares still remain extremely illiquid, with zero shares traded during the past six trading sessions, including today.

Cannavest needs to raise money to pay the hemp farmers in Europe. They will either have to sell shares or notes to raise cash.

I wouldn't be surprised to see Cannavest sell a convertible note in the near future, that won't be convertible to shares until sometime in mid-2014, so that they'll get cash now, but won't dilute the share price (damaging the value of MJNA's shares,) until MJNA is able to report a full year of "income" from the Cannavest deal.