I don't understand all the hate around here for MJNA. As a sidebar, I'm only vested in 5,000 @ 0.014, so I am still in the green on my investment. The MM sector is in its infancy and will only evolve further. The Dixie line of products looks to be THE BEST in the entire MM sector. There are so many other positive facts about MJNA too. Yes, their board of members have some scetchy resumes, but so do most billionaires in reputable companies. Having read thru most of the #$%$ on this board, I'm just baffled here. Not with questions about why would people invest in MJNA, just about why people would want to destroy the entire MM sector knowing it can be quite profitable.
Long story short, MJ will be a huge industry in the US and everyone (rightly) wants a piece of it. This causes price to go up, which is then labelled a "pump". Then there is near constant screaming of "the sky is falling" (because having a contrarian position and being right is a huge ego boost) by a vocal minority, and the price falls.
*The part in parentheses is why it seems like people want it to fail so badly
Why is it so hard for you to fathom that some of the "bashers" see real problems with this company's financials dealings? Some of the criticisms are likely just due to insufficient information that leaves open ugly interpretations, but some of them (like the criticism regarding the CannaVEST deal) obviously entail securities fraud.
I work in Sales Operations for a large company so I am familiar inflated forecast projections. That doesn't necessarily mean that the company has huge issues with financials. If they reported legit numbers up until now, then who are we to say they can't match or even exceed financial expectations in the next two years? MM is a growing market with staggering financial potential. If the Dixie products continue to develop into the industry leader, then the consumer will buy it. Obviously if the past numbers were false, we have all been duped and the bashers can say "I told you so". But since this industry arrow is pointed up, I'm willing to take my chances that this company will grow and stock price will do the same.
People want MJNA to drop sso they can buy at a lower price and sell at a higher price. I have seen this before and you can make a forune day trading stocks like this. It really doesn't matter about the company fundamentals. Even corporate officials are doing it through a 3rd or 4th party.
Sentiment: Strong Buy
I want the industry to succeed, and I want to make money investing in it. However, it is impossible to refute the point that MJNA made a horrible mistake selling their manufacturing business for a majority stake in a company that has no history of any sort of business and only $100. Shady no matter how you slice it. It's not about WANTING them to fail, it's about shady business dealings that are irrefutable.
Everybody seems to be piggy-backing on generic 'this is a pump and dump; get out now" statements. That to me is less credible than the bible posts with facts on why you should be cautious with investing in MM stocks. In the past few months, I haven't ready one "REAL" article (SA is a joke IMO) or watched a TV clip that hasn't revealed that the MM sector is striving towards a multi-billion dollar industry. I don't know about you, but there seems to be a TON of potential money to be made here by everyday folks like myself, bashers like yourself, and pumpers like the bots that post here. MM is here to stay, but it seems like there are too many here that don't want to believe it.