Replies to post #147204 on Medical Marijuana Inc (MJNA)

[Alan Brochstein]

Shell Man, I don't believe that any other article was written by an author who disclosed a short position. While that article certainly wasn't helpful from a long's perspective, it's really hard to believe that it had such a long-lasting impact. To me, it's clear that the company overpromised and underdelivered, which is usually not a good thing. Again, bubble existed, bubble popped. It wasn't just MJNA - every stock pulled back massively.

[Det_Robert_Thorne]

Ten days after Infitialis article MJNA was $0.3265

The section about Sides was only a small portion of the article, and everything else in it was true.

The low in the immediate aftermath of the Feb 15 Infitialis article was $0.185 on February 22, 2012.

On Feb 25, ten days after the Infitialis article was published, MJNA closed at $0.3265 and the next day, hit a high of $0.35

It again hit that $0.35 high on March 28, 2013 before closing at $0.30, which is the highest close since that date.

Since that date, MJNA has issued a 2012 annual report and two quarterly disclosures.

Today, the stock closed at $0.141.

I submit that all further damage to MJNA's stock price was due to MJNA's actions that clarified how MJNA and others had driven the stock price to lofty levels via what may have been deliberately distorted financials.

Regarding doing more research, all of the SA articles can be found at the following link:

http://seekingalpha.com/symbol/mjna