sooner or later they both always win
First of all I dont think the company is a scam
But the main problem is people forget to differentiate the difference between the product and the management. I have seen way to many times bad and fraudulent managements to mess up great companies with huge potential products .
second problem is company fundamentally way overvalued and technically way way overbought.
$7 million a year net profit and $350 million market cap !!!!!!!!!! total joke
And yes I am short. shorted heavily at 0.50 and some at 0.48
will cover around 0.05
this stock will drop so quick next week , bag holders will not be able to unload their shares fast enough
this is pump and dump and get rich quick gamblers fall for it , and now reality started to hit
watch and see
Revenue last Quarter was $5M. Expected rev this year will be at least $30M and growing. European expansion will make it close to $100M. Put in Expected revenue or forward P/E not a bad pps at 0.40
Sentiment: Strong Buy
I agree 100% , you hit the nail on the head
this is mostly pumped by get rich quick gamblers , they surely dont know how to do technical and fundamental analysis
sad to see a lot of people will lose money on this stock. guaranteed
I am optimistic but hardly a pumper. Marijuana is an established underground industry that is coming above ground in a big way; if nothing else, the NAME of this company will be a draw to people throwing money into this sector (and I don't care if they're what you'd call clueless). It's the industry many are investing in, really, and MJNA is the most obvious choice. It won't tank because frankly, I don't think it can.
I got in at .299 and it went to .50 I wish I had sold ten got out Friday at 35. And I'm darned glad I did. The selloff will be so bad that it will be halted. And then when trading resumes the holders will think they were in the titanic. TOO THE BOTTOM SHE GOES.