Lowball the margins to 15pts and that's $9M gross profit dollars.
Remember, they said that is just CBD sales YTD.
Could pop $100M total REVS for 2014??
Can't believe no one is posting about today's Finance feature article.
Just predicting based on timing of Q2 late announcement and also this is by far way more accurate prediction from the previous spammer counting down days until uplisting. Also, below, I note how it is good news that we've made it past the timing of Q2 late announcement.
By the way, is 7879 the address of your rent-free basement studio or is it the $78.79 everything you could afford to invest into 197 shares of MJNA at $0.40?
Well, no notification yet, they let us know of the delay faster than this last quarter, so that's a positive...
what, 70% of ORIG directly? 80% and climbing now? From the day he split that off I called out he was going to take it private and BK DRYS to walk away. He always wanted a rig fleet personally. Now he can add that to Cardiff and BK DRYS leaving all the shareholders who financed this theft out of all their money. Someone should write a book about this guy.
Well, they said closing on the Dixie deal delayed the Q1 report. Q2 was delayed because "more time is needed to file the report." In the Q2 earnings as far as I can tell there is no further explanation for the delay.
The formal press release on the Q2 they do not mention at all the quarterly loss of $1M. With retained earnings at $29M I'm not really concerned but I don't like how they don't acknowledge it. So in the end I have a perception of a lack of enthusiasm or some sort of bad news coming such as another delay.
The letter signed by the auditor is dated 9/26 or something like that. Very doubtful he signed another audit a few days later for the Q3..
Put out a disappointing report way late and don't say much about it. Not exactly a confidence builder. But you know we'll all learn every trade show they go to.
Are we down so much just on USD strength and the shuttering of India plant?
If that's all this is, I'm ready to flip some calls on a dip under $8.
Happy trading, nice to have NOK come back on the radar!
Actually that was helpful, thanks. The wording is very confusing, such as "subtract the net income from what we don't own and we actually made $150k." But you are of course correct. But, with $29M in retained earnings I wouldn't worry. The finance activities as you say definitely contributed to cash. I just wish they would tell us what was that all about and is this a 1-time result from settling with Dixie?
Well, they did, right there on the cash flow page for all to see, up to almost $3M. The $1M loss is captured under Non Ownership Portion which I do not fully understand as stated above. I believe it relates to the Dixie settlement.
Total assets climb 17% to $57M
Cash climbs 8.5% to $2.96M
"Net Income" vs "Net Income Less Non Ownership Portion":
I find this very confusing. The $1M loss is recorded under Non Ownership, where they actually had a huge increase of 247% to $159,000. I believe the $1M loss is tied into the closing of the deal with Dixie but would appreciate some clarity here.
Net result- They are growing and adding cash and assets, and adding employees.
Cash up half a million, about 25% of what I was expecting, so disappointed there. Why is payroll so very high over at HempMedsPX? $700k is a serious investment into payroll:
"The company is in the process of evaluating several potential employees or new hires to run
and further develop HempMedsPX™. We have hired internal legal and patent consultants,
writers, marketing/sales managers, sales staff, distribution staff, a Director of
Communications as well as various marketing, website management and product consultants."
Corporate has 46 employees, not bad, a real business being run.
Even CNN now admits that this patent is a clear conflict with schedule 1 status.
Folks, they know damn well the potential and locked up the patent before the flood gates open.
Someday soon this will go mainstream. Clinical trials are the elephant in the room.
Federal government: Schedule 1 substance no medicinal value
Federal government: Self-awards patent to use pot medicinally
If you can't test with it, how do they know the patent is valid?
DEA in general is a waste of time. Any state in the union can tell them to &%&# off because they are not granted powers by the constitution. As per invoking the 10th amendment, any state can tell DEA to get off state lands and leave state residents alone.
It's the same people over and over with different aliases. Priorities are all wrong if MJNA even hints at either of these 2 things when they can't even report earnings timely. There is absolutely no need to take any of these actions with the float. Just continue to make money, and slowly buyback bit by bit. I have previously demonstrated how MJNA can get to $0.84/sh by summer next year without any of those actions needed.
I offer 2 prophecies:
-There will not be an uplisting anytime soon.
-There will not be a reverse split anytime soon.
Took the $0.1225 shares. No more now unless on a new 52-week low but it's not going to go that low.All set for the earnings report now. Happy trading!
Folks may also collect their own water but somehow WTR thrives.
It's not about the base product, it's about the value-add and the specialty products folks don't have time for on their own (RSHO is to MJNA as water treatment plants are to WTR).