Medical Marijuana Inc.: Big Day Passes With More Questions Than Answers [View instapost]
I went to bed too early! They filed on OTC at 2:50 EST. That is before midnight in CA, where they are based. I think that they may have been trying to prevent me from writing an article (lol)...
Medical Marijuana Inc.: Whistling Dixie, Blowing Smoke [View article]
MJNA Q1 Filing was released at almost midnight - PST! I had written an article describing a lapse that I guess proved only to be total disrespect for its shareholders that is now published to my instablog (http://bit.ly/13yMXYi).
The filing was incomplete (the notes cut off in the middle of note four on the second-to-last page), and I don't have time at this moment in any event to fully review the quarter. On a positive note, the level of disclosure seems to be improving (though still lacking in many ways). On a negative note, the share-count soared, almost to its limit of 950mm authorized shares, increasing from 808mm to 938mm (in just 1 quarter!) This is very important because the company discloses that it needs to raise capital. The other main point I would make is that the rest of their business ex-PhytoSPHERE (which they didn't own a year ago) is in DECLINE. The cash balance was basically unchanged at roughly $1mm. This report, in my view, is not supportive of .19 per share ($178mm market cap), especially in light of the internal investigation that is ongoing.
Being On The Frontier Of Marijuana Prohibition Is Tough Business [View article]
The real confusion, whether you contributed to it or not is unclear, was the part about Dixie remaining independent. This has confused a lot of investors.
Being On The Frontier Of Marijuana Prohibition Is Tough Business [View article]
I always say that the truth lies in the middle. We all think we are right about everything, but we are human. With this one, Perry and I are looking at totally different things. The first time I read one of Perry's articles, I told him that I thought he had done a nice job on telling the positives.
There is no rule at SA that articles be balanced - just accurate, interesting and well-written. I have focused on what stands out to me and where I can contribute most effectively. Others choose their spots. In most of my articles (all but the last one), I have purposefully shared ONLY information and no recommendation. The last one I did say the stock should be sold (submitted when it was .18). In all fairness, I probably shouldn't make those kinds of recommendations unless they include a caveat (which was implied): Based on not being able to trust management. This whole THC confusion really IRKED me. I contacted Perry and another author, and, while I never heard from Perry (who seems not to have understood the situation based on his prior articles if I read them correctly), the other author was surprised to learn that MJNA GETS NO CURRENT BENEFIT FROM THC.
With that said, I have been spending the last few months trying to get up to speed on the more fundamental side of the story, so we'll see if I have something to contribute on things like "strategy" or "products". Not saying I will!
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Medical Marijuana Inc.: Big Day Passes With More Questions Than Answers [View instapost]
Medical Marijuana Inc.: Big Day Passes With More Questions Than Answers [View instapost]
Failed to reiterate guidance and snuck in an internal review that can't be pretty.
Medical Marijuana Inc.: Big Day Passes With More Questions Than Answers [View instapost]
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Medical Marijuana Inc.: Whistling Dixie, Blowing Smoke [View article]
The filing was incomplete (the notes cut off in the middle of note four on the second-to-last page), and I don't have time at this moment in any event to fully review the quarter. On a positive note, the level of disclosure seems to be improving (though still lacking in many ways). On a negative note, the share-count soared, almost to its limit of 950mm authorized shares, increasing from 808mm to 938mm (in just 1 quarter!) This is very important because the company discloses that it needs to raise capital. The other main point I would make is that the rest of their business ex-PhytoSPHERE (which they didn't own a year ago) is in DECLINE. The cash balance was basically unchanged at roughly $1mm. This report, in my view, is not supportive of .19 per share ($178mm market cap), especially in light of the internal investigation that is ongoing.
Being On The Frontier Of Marijuana Prohibition Is Tough Business [View article]
Being On The Frontier Of Marijuana Prohibition Is Tough Business [View article]
Being On The Frontier Of Marijuana Prohibition Is Tough Business [View article]
No, I don't get that much!
Being On The Frontier Of Marijuana Prohibition Is Tough Business [View article]
There is no rule at SA that articles be balanced - just accurate, interesting and well-written. I have focused on what stands out to me and where I can contribute most effectively. Others choose their spots. In most of my articles (all but the last one), I have purposefully shared ONLY information and no recommendation. The last one I did say the stock should be sold (submitted when it was .18). In all fairness, I probably shouldn't make those kinds of recommendations unless they include a caveat (which was implied): Based on not being able to trust management. This whole THC confusion really IRKED me. I contacted Perry and another author, and, while I never heard from Perry (who seems not to have understood the situation based on his prior articles if I read them correctly), the other author was surprised to learn that MJNA GETS NO CURRENT BENEFIT FROM THC.
With that said, I have been spending the last few months trying to get up to speed on the more fundamental side of the story, so we'll see if I have something to contribute on things like "strategy" or "products". Not saying I will!