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MrMuffinLovin

MrMuffinLovin
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  • Medical Marijuana (MJNA.PK -13%) dives after SA contributor Alan Brochstein takes aim at the company's financials once more (previous). Brochstein points out $4.5M of MJNA's Q4 sales came from an installment payment related to a $35M deal with CannaVest (CANV.OB) signed at the end of the quarter, and that CannaVest can make deal payments with its (very illiquid) stock. He also observes MJNA's Q4 sales were revised to $4.69M from a prior $5.19M (and before that, $5.1M) in its recently updated annual report[View news story]
    I have to agree with weedrush. TD has a chill on MJNA and it has a higher volume than most of the smaller marijuana stocks. Ameritrade doesn't have a chill on hemp or phot or even grnh which all have much lower volume. I see a large tea cup forming if we can just get some support from or federal government, will be in good shape.
    Apr 29, 2013. 01:27 AM | 1 Like Like |Link to Comment
  • Volatile Medical Marijuana (MJNA.PK -20.4%) falls to $0.23 on the pink sheets after SA authors Ashraf Eassa and Panoplos offer bearish takes. Panoplos notes that while MJNA recently valued an inventory sale/licensing deal with CannaVEST (FCLS.OB) at $35M, based on an assigned value of $5 for the CannaVEST shares issued to MJNA, the actual value of the shares could be much lower. Especially since CannaVEST recently disclosed it has "no customers," and that its sole assets consist of the items purchased in its deal with MJNA. MJNA is no stranger to double-digit swings. [View news story]
    The whole point of investing is to put your money towards a cause or product you believe in. Those of us who have invested on the belief that Prohibition is coming to an end shall be greatly rewarded in the near future. Keep up the great work on your site! ( weedrush.us ) The more we know the better!
    Feb 22, 2013. 05:55 PM | Likes Like |Link to Comment
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