40K investors CAN be wrong! Anyone remember Enron? C'mon.
I don't think it's going straight to .05-.06. I think we headfake after breaking .10 (.095). Then, we pop to .12, where it is now (a 20-25% rally) and set up for that final collapse. I don't have a crystal ball. MJNA could be worth zero, that's no question. I also don't know how things might change, but it could eventually be worth a lot more. I sure haven't heard anything here yet that would make me think so, but things do change.
I don't know why anyone would want to put a lot into this stock until they resolve some of these major issues like the authorized share-count acting as a ceiling, ridiculous guidance still out there, terrible financials that apparently can't pass the audit standards, lack of cashflow, major asset on balance sheet tied up in inflated stock, etc. There are too many good companies with a lot less risk than this one.
As far as KannaLife, that's a big wallet-drag in my view. They are renting a patent for a very particular use. It will cost tens of millions of dollars and many years to bear fruit, if at all. This is a total joke. The worst part is the way MJNA uses the patent to make health claims on the CanChew gum. This is borderline fraud. The KannaLife patent (which is NIH's patent actually) has NOTHING to do with the gum.
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