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nopancakemix

nopancakemix
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  • Medical Marijuana Inc.: Whistling Dixie, Blowing Smoke [View article]
    Is it safe to assume you NEVER contacted Dixie or MJNA to corroborate all these accusations, just like you NEVER contacted any company rep while writing the other 5 disparaging articles you have written over the past 3 months?

    Oddly enough, I found something potentially crippling for MJNA. Instead of releasing unconfirmed speculation, I have calls into MJNA and a few others for further detail. Not as odd, it is something completely overlooked by you and Ashraf in your "3 months of studying various aspects."
    May 7, 2013. 02:32 AM | 2 Likes Like |Link to Comment
  • Marijuana Stocks And Legalization - The Complex Relationship [View article]
    Interesting comments regarding the government's reason for delay being election cycles. However, I don't think either party wants to ruffle any feathers going into next year.

    Republicans who promote "state's rights" will look hypocritical taking a stance against states who have already voted for pro-maijuana measures. Democrats could use that argument against Republicans.

    There are an estimate 500,000 medical users in CA alone with the highest figures say 750,000 to 1,000,000. In a 2011-2012 survey, estimates for nationwide use is at 2,500,000 (http://bit.ly/18ddtJ0). Keep in mind those figures ONLY include the 20 or so states with medical marijuana acceptance and access to MMJ is not as easy in all states as it is in Colorado, California, Washington and Oregon.

    So with as many as 5,000,000+ medical users, that would represent a significant voter base to rattle. That doesn't include friends and family of medical users who support medical marijuana. The NRA has only 3,000,000 or so members nationwide and look at the influence they have on gun policy.

    I think the cats out of the bag. Instead of trying to chase down the proverbial feline escapee and stuff it back in back in the sack, it would be more prudent to break out the laser pointer and have some fun with the cat!
    May 1, 2013. 03:41 PM | 2 Likes Like |Link to Comment
  • InvestorsHub Is A Joke [View instapost]
    Geez. I sure hope execute far better due diligence in the analysis you offer to hedge funds, institutions, and your investment committee. I am pretty shocked you are able to make such bold claims regarding MJNA without ever contacting th company. Good thing you're not a judge because you have declared guilt without ever hearing one side of the argument. A lack of response does not confirm guilt as our system favors innocent until proven otherwise.

    And I would go calling this a bubble yet. I don't think you'll see the real bubble until Colorado and Washington implement the recreational legalization amendments (the same amendments top law makers are saying will be unconstitutional if repealed).
    Apr 30, 2013. 02:43 AM | Likes Like |Link to Comment
  • How Management Misled Investors When It Gained Control Of Medical Marijuana, Inc. [View article]
    Have you even once contacted a Medical Marijuana Inc representative to corroborate any of these suppositions you put forth? Have you ever done a single channel check to better understand Dixie products? Have you ever done a site visit at a vendor that sells Dixie or Phytosphere products? Have you ever visited a dispensary to better understand the industry that you "just learned about in February"?

    Ashraf admitted via iHub last night that he has not done any of this. Don't you think this would provide support for you accusations, instead of just providing search engine based journalism. The articles you have written are based solely on opinion and your interpretation of the reports.
    Apr 30, 2013. 01:28 AM | 2 Likes Like |Link to Comment
  • InvestorsHub Is A Joke [View instapost]
    Alan or Ashraf Please Clarify Reseach on MJNA

    1. Have you ever called MJNA to discuss these matters with a representative from the company?

    2. Have you ever done channel checks with Dixie vendors, Phytosphere vendors or any of the entities related to MJNA in an effort to better understand revenues?

    3. Have you ever done a site visit to any Dixie vendors or other interests of MJNA to view products?

    4. Have you ever conducted interviews with federal or state government officials regarding the official positions on marijuana?

    5. Have you ever conducted interviews with patients or users of MMJ, CBD products distributed my MJNA and their interests, especially customers who regularly use their products?

    That is just a start but having admittedly only been following MJNA and MMJ since February 2013, I would like to hear what qualifies you to cast such aspersions against the the company and the industry. Saying you know fraud when you see it doesn't cut it because I could say the same about you and I have heard people call Apple a fraud since I first invested in 2005.
    Apr 29, 2013. 10:45 PM | Likes Like |Link to Comment
  • Medical Marijuana: The Gold Rush Is On [View article]
    I believe them more than I do you or Alan. Management, Mr. Corrigan, and Mr. Imbimbo have financial obligations to report accurately but more importantly, legal obligations.

    Have you even done a site visit to see Dixie products on the shelf or channel check or contacted MJNA's investor relations/management? In a previous article you stated the cannabis industry is a "low barrier to entry" market. I certainly do not consider federal government prohibition, 80 years of systematic propaganda against the product, extensive capital requirements to produce cannabis on a massive commercial scale, extensive horticultural knowledge, challenging revenue sources for organized crime, battling politicians, and so many more factors that make cannabis a high barrier to entry market.

    I agree that the $4.5m MJNA listed as income from CANV is odd but that is for the auditor to worry about. Preferably that should be booked as an asset but either way it needs to be reflected and increases the value of the Company, in effect the share price/market cap.
    Apr 25, 2013. 08:25 PM | 5 Likes Like |Link to Comment
  • Buying Medical Marijuana? You Are Being Robbed [View article]
    In all these articles you have been saying MJNA is a scam. Essentially you are saying MJNA management, the lawyers and the accountants who signed off on the earning reports are all frauds. This is quite a bold claim.

    I don't think it is right to make these claims based on share price decline and your interpretation of the earnings reports. MJNA went parabolic in February, jumping several thousand percent from .03 to .50. The decline is actually on par with the 66% Fibonacci retracement levels.
    Apr 25, 2013. 12:56 AM | 4 Likes Like |Link to Comment
  • Medical Marijuana Isn't Cheap [View article]
    1. Unreliable Financials
    That is a vague assertion of opinion and requires the reader to trust you more than MJNA management or the auditing firm. While you face no legal jeopardy making such statements, MJNA management and the audit firm face serious legal peril should their statements be fraudulent. It is purely your opinion that the financials are unreliable and you did not provide any facts to support your claim.

    2. Lack of Visibility
    Well they are not obligated to report to the SEC. The marijuana industry is far from a "low" barrier to entry market and your comments here show a gross ignorance of the cannabis industry. Yes, it can be grown in a ditch, but growing high grade cannabis is time consuming and requires skill. To grow it on a commercial level requires even more skill, knowledge and capital. MJNA also holds interest in companies that have patents on the difficult process of extracting THC and CBDs from cannabis. Oh and it is currently an illegal product which is a little problematic.

    3. Bubble Like Hysteria
    You ain't seen nothing yet. MJNA has a meager estimated 13,000 investors as noted by Tripp Keber in a radio show. Most of the public is hardly aware of the proliferation of marijuana in states like California or Colorado having never seen it first hand, much less do people even know about publicly traded stocks involved in the cannabis industry. Don't be fooled, despite the enthusiasm from a few, this market has yet to go viral

    4. Questionable Management
    While you are correct there are some issues regarding Mr. Llamas and how his interest in MJNA will affect the stock, he is no longer actively involved in the company. Again this is a judgement call on your behalf. Look at the questionable history of many company leaders from David Einhorn to Steve Jobs to Larry Ellison to William Randolph Hearst. My biggest mark for management is company performance, and so far quarter over quarter, MJNA is making profits.
    Apr 8, 2013. 05:23 AM | 5 Likes Like |Link to Comment
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