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  • Medical Marijuana, Inc.: Kiss This High Goodbye [View article]
    Great for you Champ:

    You asked me;
    Please provide specifics regarding the extremely onerous burden placed on share price as a result of dilution that you mention.
    Please explain how revenue and net income growth can not make up for dilution.

    It's simple really: Management sells shares into rallies to raise working capital to keep the business solvent. I see no evidence in MJNA's financials that suggests that internal operations have generated any positive cash flow. The changes in the balance sheet show clearly how capital is raised and how limited that ability is.

    Further, I see highly questionable accounting and a lack of transparency in the numbers.
    I also see a management team borne out of a failed mortgage brokerage business and individuals on that team with an impressive blotter record.

    Again, I congratulate you on your luck and trading success.
    Apr 23 07:26 PM | Likes Like |Link to Comment
  • Medical Marijuana, Inc.: Kiss This High Goodbye [View article]
    In the farthest outer limits of the Champs' imagination there is not enough growth potential here to outstrip THE NECESSARY dillution.

    Ron Redfield: If you can explain how the cash decreased from October to December, then you have potential to become a commercial banking underwriter. Look there and look closely.

    Trabob: What on earth are you talking about? For a "public" company with GAAP reporting requirements, what you describe is criminal.
    Apr 17 11:23 AM | 1 Like Like |Link to Comment
  • Medical Marijuana, Inc.: Kiss This High Goodbye [View article]
    Not giving out investment advice, but merely trying to point out some major red flags.

    It doesn't take much gray matter to figure this one out. Simple question for the bulls of MJNA. how much cash do they or for that matter CANV have on the balance sheet? How has that amount changed since the last reporting period?

    Cash flow is cash flow, either you are generating cash or not. All highly profitable companies have strong cash flow; others have accounting games. Show me where that exists for MJNA or CANV?
    Apr 16 04:00 PM | 1 Like Like |Link to Comment
  • Medical Marijuana, Inc.: Kiss This High Goodbye [View article]
    Some of the most hilarious comments to date over this stock.

    One other thing, CANV has issued 20M shares in the past six months at in two 10M share tranches at $0.60 and $1.00, and plans to sell another 10M for $1.50/share by the end of Q2 (per the 10-K). That's an average price of something like $1.03, so one has to ask, "why would they sell 30M shares at an average of $1.03 if the stock price is at say, $16?

    Funny you mention that second point. I read that in the SEC filings and was wondering why the heck are they selling shares so cheaply given the market price. The shares were trading at several, sometimes dozens, of multiples above the issuance prices.


    Real answer CANV shares are not worth anything close to its trading value. That's why you would sell for $1/share when the trading value is say $16.

    If investors in MJNA don't see massive dillution in their future, then you cannot say you weren't warned.
    Apr 16 02:06 PM | Likes Like |Link to Comment
  • Photo Release -- Medical Marijuana Inc.'s HempMedsPX Launches DON'T MOVE Awareness Campaign [View article]
    I seriously doubt that large populations of families are being torn apart by CBD seekers.
    Apr 2 09:49 AM | Likes Like |Link to Comment
  • Is MJNA Being Set Up For A Pump & Dump? [View article]
    Bruce, you have more confidence in Congress than I do. Hope you are right.
    Mar 6 05:15 PM | Likes Like |Link to Comment
  • Is MJNA Being Set Up For A Pump & Dump? [View article]
    Bruce,

    You sound like this is a trivial issue: it is not. Only an Act of Congress can give the banking system what it needs to process this business. IF that happens, the legalization fight is effectively over.

    The longer this doesn't happen, the more States will lose their primary motivation for tax revenues, because they cannot effectively tax a cash only business. Further, public opinion will falter as organized crime moves into a cash and carry business they know and love. Already one report of a death of a producer in CO that refused to cut a Mexican Cartel into his revenue stream.
    Mar 4 01:35 PM | Likes Like |Link to Comment
  • Is MJNA Being Set Up For A Pump & Dump? [View article]
    This has nothing to do with perceptions of the plant or its use Bruce. After all, we are talking Aboutstates that have some legalized already,medical or otherwise. No path to legalized banking has been created anywhere. This shortsidedness could cripple adjacent industry and seriously hamstring supporting lawmakers. The longer this issue is ignored, the more likely for poor outcomes.
    Mar 2 02:22 PM | Likes Like |Link to Comment
  • Paper Profits Up In Smoke - Understanding The High [View article]
    Jargon. I would like to know how it is possible to borrow the shares of ANY of these pot stocks to short in the first place? Brokerages aren't exactly holding these shares to lend out.
    Feb 28 12:50 PM | Likes Like |Link to Comment
  • Is MJNA Being Set Up For A Pump & Dump? [View article]
    Bruce, you would think. States however do not have effective resources to tax ANY cash and carry business. They are shooting themselves in the foot without a path to the banking system.
    Feb 28 10:59 AM | Likes Like |Link to Comment
  • Is MJNA Being Set Up For A Pump & Dump? [View article]
    For those that have salivated over the rise in Pot stocks due to Holder's banking memo.

    http://bit.ly/OHTQn7

    For those with short attention spans:
    A memo will not cut it. Banks are federally regulated and reporting requirements dictate that an Act of Congress is necessary for the vast, vast majority of banks and credit unions to even consider banking this industry. On a positive note, big players will jump in if legalized on the Federal level.
    Feb 27 07:48 PM | Likes Like |Link to Comment
  • Is MJNA Being Set Up For A Pump & Dump? [View article]
    Jargon. What do you believe the true, fair value of cannabis to be?
    Feb 22 10:15 PM | Likes Like |Link to Comment
  • Is MJNA Being Set Up For A Pump & Dump? [View article]
    Alan and I went back and forth on CANV under Rolling O's "Less Than it Appears" article. These comments are particularly hilarious. Doesn't any of the faithful have the ability to do simple math? If not, then the dilution you will suffer will be the bus that you never saw coming..........
    Ask your self: "Self who is on the other end of my trade?"
    Feb 3 07:16 PM | Likes Like |Link to Comment
  • Medical Marijuana's 4th Quarter Update: Less Than It Appears [View article]
    Alan,
    "On November 15, 2013, the Company sold an aggregate of 1,200,000 shares of its restricted common stock pursuant to the Offering to two investors for an aggregate purchase price of $1,200,000. "
    (SWEET DEAL for Mona and Llamas!)
    "As previously disclosed in that certain Current Report on Form 8-K filed by the Registrant with the SEC on November 13, 2013, the Board thereafter engaged an independent valuation firm to prepare an Internal Revenue Code Section 409A and Financial Accounting Standards Board Accounting Standards Codification 718 valuation of the Registrant’s common stock (the “Valuation”). The Valuation determined that the fair market value of the Registrant’s restricted, non-marketable common stock is $0.68 per share, and the fair market value of the Registrant’s unrestricted, marketable common stock is $1.13 per share.
    On January 22, 2013, Roen Ventures delivered a Notice of Election to Convert to Common Shares (the “Conversion Notice”) pursuant to which Roen Ventures exercised its right under the Note to convert all amounts owing under the Note into shares of common stock of the Registrant at the set conversion price of $0.60 per share. As of the date of the Conversion Notice, the balance of the loans evidenced by the Note was $6,000,000, including all principal and interest owing thereunder. Therefore, pursuant to the Conversion Notice, on January 22, 2013, the Registrant issued Roen Ventures 10,000,000 shares of its common stock. As of the date of this Current Report on Form 8-K, Bart Mackay, a member of the Board, through his two wholly-owned limited liability companies, Mercia Holdings, LLC and Mai Dun Limited, LLC, owns 100% of the interests in Roen Ventures."
    See? Financing operations by floating stock through an insider. I see nothing but a masssive, massive, dilution pending for the CANV retail stock holders.
    Jan 29 01:04 PM | Likes Like |Link to Comment
  • Medical Marijuana's 4th Quarter Update: Less Than It Appears [View article]
    Lord the responses from the faithful are really disturbing. I have no dog in this fight. Invested in MJNA long time ago, doubled my money and got out quick. Hmmm, let's recap.

    1. Management: If you are unfamiliar with the past records of these guys, then heaven help you.
    2. Accounting: I've made my point, let the SEC investigation educate you further.
    3. Valuation: If you don't see massive dilution in your future, well then....
    4. Litigation: Best possible outcome? An expensive settlement MJNA cannot afford.

    I saw one comment from Blueelephant:
    "Thank you. This was a very well written and informative piece. I appreciate the sound analysis based on fundamentals. I own MJNA and like everyone bought it because I believed/hoped it would go up. However, if I am honest I bought on hype and superficial/no research. It seemed to be one of the stocks most often pointed to as being well positioned and poised for growth."

    Describes 99.99% of the faithful. I wonder how many would say " I bought the stock knowing that my purchase would help fund working capital needs to keep them solvent because I understand the cash flow and financing limitations of the Company."

    Bash me all you like David and JT, but if you can convince your brokerage firm to allow me to borrow your shares I would be more than happy to short this puppy. But I can't. You are right, as long as the faithful holds conviction, none of the facts matter. It's worth what people say its worth. However, mark my words, when some of you lose faith and bails on a big position, that faith will be tested to the core.
    Jan 28 02:35 PM | 2 Likes Like |Link to Comment
COMMENTS STATS
216 Comments
256 Likes