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ChicagoGolfer12

02/04/14 5:57 PM

#25576 RE: Det_Robert_Thorne #25572

Who cares?? We're all making big money RIGHT NOW.

MadDog1313

02/04/14 5:58 PM

#25580 RE: Det_Robert_Thorne #25572

Market cap is merely a calculation of price times outstanding shares. Nothing more, nothing less.

GLTU

GoldenAge

02/04/14 5:59 PM

#25582 RE: Det_Robert_Thorne #25572

You've made an excellent point, sir. The thing is, even logic cannot overcome some "peculiar" waves of hype. I look at the filings of many companies and I wonder how the stock price is THAT high for some!

I believe I read this company does not participate in the growing or cultivation of marijuana or hemp. I would like to know what they're selling and where.

That being said, I am actually a long investor of HEMP. I like the ticker name, obviously. Think about it. You have this ticker symbol of the actual name of the crop! LOL When ppl think about investing in hemp, what will naturally occur in their minds but to invest in HEMP? Go figure!

But that only means you're investing in a ticker symbol labeled HEMP. What is behind the ticker symbol?

Like I said, whether I am making a sound decision or a foolish one, I am LONG in this ticker symbol. I like the company name, idea, and concepts. But I am curious like you are. What is this company REALLY about?

You ended your post by saying this warrants more research, and you're right. I would like to know what you find out.

GoldenAge

GO HEMP
LONG HEMP

CannabisJane

02/04/14 6:02 PM

#25584 RE: Det_Robert_Thorne #25572

Because MJNA hit .50 last year on Marijuana legalization. Compare the two market caps.

retiredAT20

02/04/14 6:04 PM

#25586 RE: Det_Robert_Thorne #25572

This is purely a momentum/news play IMO I don't think the company is proven to be profitable yet.

I was in yesterday @ .169 and out today @ .2799 .... back in today @ .2415 hoping to see .35 tomorrow ... MOMO appears to be here, just have to watch out for the big hands that were accumulating @ .05 and below. This is going to have a drop like PHOT did, just have to start shorting at the right time

MadDog1313

02/04/14 6:11 PM

#25593 RE: Det_Robert_Thorne #25572

Regarding the company you are correct that nothing has changed. The only thing driving the price at this time is euphoric, non DD buying. Based on TA the trend will continue. IMO it still merely a trade and any buys/sells should only be based on TA.

bulldurham

02/04/14 6:13 PM

#25595 RE: Det_Robert_Thorne #25572

@ 'Det_Robert_Thorne...u are missing the point...this company has pioneered the business before it is legal again in the U.S....they are behind the march to get the result we got today...you have to look beyond the paperwork to be a visionary....

uksausage

02/04/14 8:43 PM

#25669 RE: Det_Robert_Thorne #25572

from latest 10Q:

For the Three For the Nine
Months Ended Months Ended
September 30, 2013 September 30, 2013

SALES $ 673,588 $ 1,634,780

Cost
of sales 222,468 229,196

GROSS MARGIN 451,120 1,405,584


weren't profitable but are doing business