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Medical Marijuana, Inc. Message Board

  • jgusciora jgusciora Jul 2, 2013 7:53 AM Flag

    explain the current pps

    Honest question, can anyone (in long form) show the calculations to support such a high market cap? Everyone claims it is way low so I would like a strong and long to show me the revenue that supports pps even at this level. I will be waiting.

    Sentiment: Strong Sell

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    • emiliojohn@ymail.com emiliojohn Jul 8, 2013 9:27 AM Flag

      THIS is a legal stock and political stock, the market cap will naturally grow when the federal laws are more in Marijuanas favor , this stock is about a year or 2 away from making a splash , Yes the market cap is high!! Why it shouldnt be, Does someone know something?? Remember these products are illegal on the federal level and mjna is still doing good.... WHY ??? Do your own DD Long since Nov 145k strong RIDE OR DIE LOL IMO

      Sentiment: Strong Buy

    • It's a #$%$ shoot. Look at their gum, no THC. What really gets me is all the claims made about the gum. If this gum was such a hot seller I sure would want to put that info out. It will be very interesting what the next report says. Personally, I just don't see it and I agree about the market cap, which is why my sentiment is a strong sell. I feel like the kid that went to the teacher complaining he didn't desire a zero and the teacher replied I have nothing lower than that to give you.

      Sentiment: Strong Sell

    • Your answer:

      This ticker is overvalued. Revenues from product sales are low. Demand for their products is VERY pathetic, presumably due to the extreme pricing. The products are ineffective especially relative to the price. Not to support the notion that anyone is buying them, but even if they did, they would not be happy about their investment.

      The eventual reality is that it settles back down at 4 cents. The two year-audit was proposed to be completed by June, and yet, it is no where to be seen. Ashraf Eassa predicted that the company would stop releasing news on the status of the audit and suddenly go dark with scarce PR releases. The PR releases you see are intended to help sell more shares to stay afloat until October so that Michelle Sides can clear her position.

      Ultimately, MJNA will shift all of its assets into CANV and use CANV as their next pump-and-dump. But MJNA itself will never rise again. Why is it holding at its current PPS? Because every single day, new suckers are born. Any single one of these suckers could have done their DD and saw this for what it really is, but that would require an attention span atypical of such inferior beings.

      • 4 Replies to wallstreetvet80
      • Great Post, Wallstreetvet80! Don't forget the product and the fact that it's a penny stock... makes it easy to attract lollipops (suckers).

        Initially, I stumbled on this stock and was interested in buying it, based primarily on the chart. It was definitely an attraction to see the stock pop from a few cents to almost $0.50. It had a few other nice bounces, but the trend has since been down. Next, I started to do some DD and came across the Seeking Alpha article which discussed the Q4 results. That was my first major red flag. Posters here bashed the article, but the most important thing, the price per share (PPS), seemed to follow it. My second major red flag was the CanChew gum, no THC and a lot of claims. Finally, this bulletin board (BB) has so many hyped up and baseless claims, which are not surprising for a penny stock, but should be a red flag in itself.

        Sentiment: Strong Sell

      • What a informative and educated post. Thank you for your honesty and integrity.

      • "Revenues from product sales are low" How do you know that??? The product line just started in Q2
        You guys always complain about the "PR releases" now you want them???

        You always wanted to bash CannaVest, but now it doesnt count???

        All your statement are false or exaggerated, you post no numbers but talk out your #$%$!!!

      • There you go, you answered your own question with your fake ID! Thats funny #$%$!!!

    • here you go bk answer this

    • Overrated TURD.

    • P.S. don't try and throw that canv stock into the mix.

      Sentiment: Strong Sell

 
MJNA
0.0409+0.0006(+1.49%)9:31 AMEDT