Two days ago, Medical Marijuana, Inc (PINK:MJNA) surged 14% on nearly 3 million shares. This spike came after the announced final agreement between the company and BullnBear Group.
The news came out on Wednesday and from the following performance of the stock on the market it can be said that I was met with excitement. However, it was rather short lived excitement because yesterday the stock fell down nearly 11% back to $0.10.
The announcement said that MJMN had reached final terms with the other contractor for the distribution of pure spring water as a stand-alone product and as a base for the other beverage products of MJNA. [BANNER]
Whatever the case which drives the trade of MJNA stock, it is imperative that investors be aware that the company is marked as an unsolicited quote on the OTC Market. This means there are no market makers to keep the trade of the stock going and that the quotes represent only random customers orders.
Thus, the risks connected with trading MJNA increase even more. For not only is MJNA a limited information company, but it also has attained unsolicited status on the market.
