Also to get on a real stock exchange they would not only have to be legit but would have to have a huge reverse split...Even Marine Harvest had one and the price of it before the one for ten reverse split was over a dollar....
I know about anything you can imagine is possible ....but I can't imagine MJNA being anything ever than an OTC penny stock....it has to be a legit company before they let it go on the stock exchange I think...Marine Harvest did this last January but they are the largest fish raising company in the world and pay a dividend...
Mtwalker I know about Marijuana...My Mother was a Mariholic....The first time I ever smoked was with a bunch of other kids when I was seven years old inside a cardboard box under a trailor house while my Mother was working for Bluebells blue jean company(wrangler) in nearby Ada Oklahoma.when we lived in Davis Oklahoma....
My Mother loved Marijuana and chose her boyfriends accordingly, most unwisely....and is why she had me when she was still 15 as I came six weeks premature...If it was not for Marijuana I may not even be here warning you.
My real grandfather got like four federal felonies for growing it on a farm in Minnasota (sp?) a huge amount as they were trying to buy land..my grandmother would have also went to prison also if she was not still 17...she had to have my Mother without my grandfather in the picture...and raised her without him.
I live in here in Colorado where a lot is grown as it is legal to do so now...two more recrecational stores opened up here in Pagosa Springs just this month..
.I work as a waitress at a restaurant and a lot of tourist ask where to get it.
Mostly Indica kinds are grown outside here during the summer as it is over 7,000 ft. but indoor sativa is grown all year long by my neighbors..they must have 937,317 kinds...
Marijuana also knocks you stupid if your not careful....Lot of buyers of this stock have indulged I think.
I outgrew MJ when I was about 13....
So far if one bought this when it first started in 2009 time is not on your side... one is way down from the price of .50 to .70 in May of 2009.....never the less I am counting on it going lower.. under .10 to sell to try to sell to someone more stupid than I am if more states go legal if it is like this last year should go back over .25 for a little while in January if they do
Long term MJ is going down...One does not even have to buy it here now as so much is grown and two more legal pot stores have opened up here in Pagosa Springs this month.
My guess is the end of October...should have strong support for a while at twelve is it acts like it did last year.
Now we have walked down below the teens slightly who can guess when it hits .10?
The closest wins.
It's lower than that......before a jump in January if new states go legal....then back down again...it is sure not a stock to invest long term in.
Only those who are think MJ is wonderful and have their thinking clouded would invest in any of them long term.
ERBB is the oldest I think but if the future is like the past one will in the long run lose... $10,000 invested in 1998 would be only worth $2.00 now.....afraid all of them will do the same....one really has to believe in the greater fools concept to buy any of them to keep.
Momma stock market has really given a spanking to those who held ERBB for long.... and will spank anyone who holds any for long term.
There is a lot of plants that have high value ....even more than cannabis by far....
Just common Purselane growing wild now any place in the woods here in Colorado has high value...even has Omaga-3 cancer fighting vitamins in it....I try to pick a lot of it and use it in a lot of ways , in salads in omlets in stews,soups, stir fries so on....I gather it and several other plants every time I am out checking our fences.
I am not very trusting of their report..What are the actuall sales of?...all these MJ companies are fakes I think but there is enough people out here wainting it to be true that these make great day trades..
It was crazy. People were gambling that someone would give them more than they paid for it...Even at this price it is very high risk as it could not be worth as much as it is selling for....only has a hand full of employees...and like all the MJ stocks will go down more.
I'm not sure how that works I just know that they have to buy back at some point hopefully at a lower price for them....I know it is extremely dangerous to back a stock that does not have a lot of shorts as there is not the usual support...a stock will fall much faster.
I don't agree that it's shorts making a supply shortage since shorts pre-sell it would make more shares available to buy....yes?
My bet is the market maker might be afraid to hold to much knowing that it is treading down.