THEIR JUST RELEASED INVESTOR PRESENTATION HINTS AT 4M RECOGNIZED REVENUE (The equivalent of a 6 cent move in stock price to match the mkt cap). GOTO their headlines and look at the link to their investor presentation :-)
Net Profit Margin -87.73%
Return on Equity NA
Glad to see them drop, bad Owner and Bad Companies!
Owner Bruce Perlowin used to own MJNA ran it up to $1.90 in April 2009, then proceeded to dump it down to .02 when Michelle Sides took over. If it wasnt for Michelle mjna wouldnt be around.
Bruce also is the one responsible for the CHILL placed on mjna.
He dumps 21m shares of mjna in april alone!
He almost ruined MJNA . He will ruin hemp,phot!
I added 60k shares today and hold 100k of PHOT now at under a nickel. I had MJNA under a nickel as well but sold at .23 a few weeks back....I just trust PHOT for 2 main reasons..1) Feds are not an issue as everything they do is legal at the Fed level and 2) they are the ONLY ones in this industry who actually reports real income from revenue and is audited. I see an easy double here and even if it took a year so what...MJNA is to volitile for my tastes right now but will follow them and buy again if they drop down to where they should be with so many unknowns...love this entire space though and would love to put more money into more "legit" companies but it's tough to find em is all...GL all
I also sold out my CBIS...I like the idea but they can't make money to save themselves and have spent almost 100 mill with little to show for it...PHOT is the play right now with shares under a nickel it's really a no brainer which is not easy to find in this industry yet. I did make money w/MJNA though so TY MJNA and will buy back in when you show me the real mo mo and not figures based on anything but real cash revenue. Peace and GL