I expect the stock to continue downward until Michelle Sides stands up and defends the company against the lies and innuendo laid on her doorstep. Why won't she take action? Long, but not as strong as I once was.
Oh, expect the SA shortmachine to drop another article or two this week....it's coming. They want MJNA at ZERO.
chima, there were many battles back and forth over the last few months, but SA won the war last wed. when MJNA released their Q1 report and finally admitted almost all their income is CANV stock, which is worthless. There is no action for MJNA to take becuase besides the article with the wrong Michele Sides picture everything else they wrote turned out to be true.
I don't expect michelle to respond, she already did respond a couple weeks ago as we all know. I don't know what she could add that she didn't say. I think they intend to be more tight lipped, lay low and just attempt to run their business plan. They will probably just let the imaginary revs and dilution do the talking, lmao.
There is no such thing as a "short machine". I called 6 brokerage houses and asked if I could short MJNA. They all said that they would not margin shares of ANY penny stock for short selling. MJNA cannot be shorted.
You can buy the shares and then short against your own I believe..Some days short buying and covering is more than half the stock volume like on April 18th....One day there was no short volume so someone is shorting and covering probably many times in one day trading the smallest profit...I think big places will let you short a penny stock if you keep $2.50 cash in your account against every share but who would do that for 15 cents?......and will probably be Dec before we see even 2 cents on the stock again as fanatical as stoners are over this.