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k2junge

k2junge
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  • Reefer Madness: Pot Stocks In A Bubble [View article]
    What about those who sell based on your faulty opinion and miss out on making a large gain over the next couple of years. How about those who don't buy and could have hit the investment of their lifetime?

    I would not recommend putting in money you can't afford to lose, but a small investment here can be worth a fortune in five to ten years.
    Feb 19, 2013. 05:04 AM | 4 Likes Like |Link to Comment
  • Reefer Madness: Pot Stocks In A Bubble [View article]
    Valuation? How is Amazon valued?

    MJNA had earnings of $7 million in 2012, and projects $47 million in 2013, and $95 million in 2014. This at the current outstanding shares of 808 million would equate to 4 and 12 cents per share respectively.

    Give it an ultra conservative PE of 30 for such a fast growing company and sector and you have a shareprice of $1.20 based on 2013 earnings and $3.60 based on 2014 earnings.

    Sure you can say for any company that they did accounting tricks, or will not meet projections, but that doesn't make it a fact. They may also beat earnings and trade at a much higher PE. Just look at amazon.
    Feb 19, 2013. 05:01 AM | 3 Likes Like |Link to Comment
  • Reefer Madness: Pot Stocks In A Bubble [View article]
    MJNA was more a victim of a short and distort campaign then anything else. It is undervalued in relation to projected 2013 earnings of 4 cents per share.
    Feb 19, 2013. 04:56 AM | 1 Like Like |Link to Comment
  • Reefer Madness: Pot Stocks In A Bubble [View article]
    Problem is that you did not prove MJNA to be a pump and dump at all. After it goes up strong today what will you say??
    Feb 19, 2013. 04:55 AM | 1 Like Like |Link to Comment
  • Reefer Madness: Pot Stocks In A Bubble [View article]
    Everybody knows they are speculative!! They are pink sheet stocks mostly. LOL
    Feb 19, 2013. 04:51 AM | Likes Like |Link to Comment
  • Reefer Madness: Pot Stocks In A Bubble [View article]
    Alan,

    Your questions, followed by my and MJNA answers.

    Alan:
    "My review of MJNA.PK leaves me scratching my head. Greater than $300mm market cap?"

    Is not a company valued on future earnings for 2013/2014? Are you aware that MJNA has projected .04 per share earnings in 2013, and .12 per share in 2014? What would you value the company at based on those numbers and the growth rate that produces them?

    Alan:
    "The share-count has ballooned,"

    I see nothing wrong with using shares to finance acquisitions. It seems that the acquisitions are producing revenue and profit. Do you think they should just borrow money from a bank?

    Alan:
    "the former President signed off on the Q3 quarterly report after he was no longer with the firm,"

    Do you actually know that he did that? If he did, does it really matter for the future? I mean all the numbers will be audited, but in the end it is the future that matters.

    Alan:
    "the CEO doesn't own a single share directly,"

    OMG.. Your kidding!! He is the interim CEO, and maybe it is better not to throw shares around to all the employees at this point, otherwise someone may complain of the ballooning share float. LOL

    Alan:
    " the company has apparently booked a $35mm sale but can be paid in cash or stock and doesn't disclose the name of the buyer,"

    The buyers name has been disclosed as CannaVEST, and that info has been available for a number of days. I even provided it for you earlier, but maybe you missed it in the jungle of comments?

    Here it is reported from the company.

    "Additionally and as further described in the shareholder report, the Company entered into an agreement in December to license PhytoSphere Systems and sell its inventory to CannaVest, a hemp based agricultural company specializing in the development and sales of hemp based products. While the agreement was reached in December and an initial installment payment was made, the final sale agreement and transfer of assets will occur in Q1 2013. The terms of the licensing agreement and inventory sale call for payment by CannaVest to the Company of $35 million in cash and stock. This cash flow will enable the Company to focus on building its core business through the expansion of its branded products and acquisition of additional brands while leaving the ground work of farming, harvesting, extraction and product development to CannaVest. In addition the Company will continue to benefit from solid supply chain relationships with PhytoSphere for future purchases of high value CBD oil at a significant cost savings."

    Alan:
    "This is before even considering some of the more alarming accusations made by Infitialis."

    The comments from an admitted short, who posted anonymously?

    The companies response;
    "Finally, as many investors are aware, the Company has been the subject of various derogatory articles published by bloggers and penny stock newsletters. We take these statements and allegations very seriously and are working with our attorneys to evaluate all of our legal options. We will defend our Company and the hard work that so many people have put in to build our business. We thank you, our loyal shareholders and valued customers, for your continued support."

    Alan:
    "It's curious as to why they would have intended to issue an update on a Sunday, but, as of 2/18, there doesn't appear to be either a release of full year results or an outlook."

    As you know by now it was released on 2/18. The company needed time to meet with lawyers regarding the SA articles which will likely result in legal action.

    Obviously the company is valued by what investors are willing to pay for shares of it's stock. For one example Amazon is losing money and has a market cap of $120 Billion.

    Why should not companies in the marijuana business also be traded based on potential earnings? It looks very likely that there will be some HUGE winners in this sector. MJNA for one is already profitable, and is taking the steps necessary for getting uplisted to a better exchange which includes auditing the books for the past 24 months, and then submitting them to a PCAOB SEC approved auditing firm.

    Everybody investing in this sector already knows the risks associated with such penny stocks.

    Best regards.
    K2
    Feb 19, 2013. 04:32 AM | 2 Likes Like |Link to Comment
  • Medical Marijuana: It's Just A Pump And Dump [View article]
    I cannot lose all my money on this, as I am not stupid enough to invest all I have in such a risky investment. I invested a small part of my portfolio which now is worth more than double what I invested.

    I don't see anything wrong with the company. They are making money, and were even featured on sixty minutes.
    Feb 18, 2013. 12:30 PM | 5 Likes Like |Link to Comment
  • Medical Marijuana: It's Just A Pump And Dump [View article]
    Too bad you did not warn the people not to buy at .02, .10, and .20. You could have stopped them from making so much money. LOL

    What will you say when it is above $1 soon?

    Maybe you should look into what it is that the company actually does. Why are they profitable?
    Feb 18, 2013. 12:28 PM | 4 Likes Like |Link to Comment
  • Medical Marijuana: It's Just A Pump And Dump [View article]
    Well Alan, maybe you should consider what it is that they are dealing in. It is against federal law to sell, grow, or do anything with marijuana. Maybe that is why they need to be so careful. The deal protects MJNA.
    Feb 18, 2013. 12:26 PM | 3 Likes Like |Link to Comment
  • Medical Marijuana: It's Just A Pump And Dump [View article]
    MJNA looks like a big winner with it's $35 million deal to sell to CannaVEST.

    $35 million in oil goes to CannaVest who pays MJNA in stock, or cash. CannaVEST sells the CBD oil (which is reported to be 80% pure) for $XX. If they sell it for $70 Million then the shares would be worth twice as much as when the deal was done. As cash comes in from selling the CBD oil CannaVEST may choose to pay MJNA in cash. In the long run it looks like it would be better for MJNA to get shares of CannaVEST as long as they sell the CBD oil.

    If paid entirely in Shares MJNA will own over 75% of CannaVEST and profit from that for years to come!

    Add to this the Dixie Elixir and Dixie botanicals lines, Canipa, and CanChew, plus the other subsidiaries and MJNA looks like they could become a cash printing machine.

    Focus on the facts, do your DD, don't listen to those who spread lies in order to try and pick up your shares on the cheap. They are getting quite desperate as they know their will be a big move up soon.
    Feb 18, 2013. 11:29 AM | 2 Likes Like |Link to Comment
  • Medical Marijuana: It's Just A Pump And Dump [View article]
    The party is CannaVEST.

    $35 million in oil goes to CannaVest who pays MJNA in stock, or cash. CannaVEST sells the CBD oil (which is reported to be 80% pure) for $XX. If they sell it for $70 Million then the shares would be worth twice as much as when the deal was done. As cash comes in from selling the CBD oil CannaVEST may choose to pay MJNA in cash. In the long run it looks like it would be better for MJNA to get shares of CannaVEST as long as they sell the CBD oil.

    If paid entirely in Shares MJNA will own over 75% of CannaVEST and profit from that for years to come!

    Add to this the Dixie Elixir and Dixie botanicals lines, Canipa, and CanChew, plus the other subsidiaries and MJNA looks like they could become a cash printing machine.

    Focus on the facts, do your DD, don't listen to those who spread lies in order to try and pick up your shares on the cheap. They are getting quite desperate as they know their will be a big move up soon.
    Feb 18, 2013. 11:29 AM | 5 Likes Like |Link to Comment
  • Medical Marijuana: It's Just A Pump And Dump [View article]
    This article will have no effect on the share price. People are smart enough to see through this BS.

    Hundreds of companies with no earnings are actual pump and dumps. MJNA has real earnings and was even featured on 60 minutes, yet the author chose this company to write about??

    Most likely he figured out that there is high interest in MJNA and a negative article would get the most hits.
    Feb 18, 2013. 11:26 AM | 5 Likes Like |Link to Comment
  • Chronically Criminal: Shielding The Public From Medical Marijuana [View article]
    Llamas owns no shares in MJNA. Nice try though. ;)
    Feb 18, 2013. 06:49 AM | Likes Like |Link to Comment
  • Medical Marijuana: It's Just A Pump And Dump [View article]
    People are always upset about their taxes and want more then they receive. How is that any proof of anything? Seems quite a stretch to me. One has to wonder why anybody is even interested in this company if they own no shares as claimed. Why would they even bother??

    More on the CPA can be found at http://bit.ly/X9HwfC
    Looks impressive to me.

    ANTHONY W. IMBIMBO, C.P.A.

    Provided a full range of Certified Public Accounting services from accounting and consulting services to temporary controllership services to tax services. Specialized in the following areas: strategic planning, corporate start-up, tax consulting, technical training, system implementation, financial statement preparation, management consulting, and litigation support. Client base includes printers, non-profit organizations, restaurants, clothing manufacturer and distributor, corporations, personal service corporations, trusts, partnerships, sole proprietors, and individuals. Accomplishments: successfully defended clients before the IRS in audit cases with zero losses, successfully led volunteer organization through their first audit, grew client base from zero to more than 120 throughout San Diego within 4 years; held auditing instructor position with University of California, San Diego; held the position of treasurer for several not-for-profit organizations
    Feb 18, 2013. 05:58 AM | 6 Likes Like |Link to Comment
  • Chronically Criminal: Shielding The Public From Medical Marijuana [View article]
    How do shares outstanding matter except when figuring out the market cap of the company. At last report there were 808 million shares outstanding. Not sure why people think that with a high number of shares outstanding is a bad thing. Apple has more shares outstanding, of course they are bit higher prices too. LOL

    Do your own DD, but MJNA is a legitimate company and will soon be uplisted to a better exchange. Escape from the pink sheets!
    Feb 18, 2013. 04:30 AM | 1 Like Like |Link to Comment
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