Originally Posted by Hog Farmer:
Well, I did buy some. I've been trying to dump all the moneymakers and go for stocks that really have no future. I still think there's a fortune to be made with KBLB though. That's the company that crossed spider genetics into silkworms and engineered a super strong silk that is to be used in the military. They got their first military contract last year. I had it several years and they have been ramping up production recently. Just put in a shitload of mulberry trees in Texas to feed them suckers.
The wife and I are looking to get into commercial property eventually. We've recently gotten into cattle farming with a close friend. So we'll see how that goes. [Reply]
Originally Posted by 58-4ever:
I'd love to hear thoughts on investing in land....
Land is over rated. Lots of people plow it. Some people build shit on it .Some people put a fence around it and turn critters loose in there. I think if you buy some land and put stuff on it then it's prolly wurth moar ! [Reply]
Originally Posted by O.city:
The wife and I are looking to get into commercial property eventually. We've recently gotten into cattle farming with a close friend. So we'll see how that goes.
Cattle farming? As in feeding out feeders? Owning an interest in a cow herd or you own some pasture a cow calf guy is renting? [Reply]
Originally Posted by Buehler445:
Cattle farming? As in feeding out feeders? Owning an interest in a cow herd or you own some pasture a cow calf guy is renting?
I own the land, buddy owns more land already runs cattle on it, so we bought more and put on my land and he's taking care of them since I live about 2 hours away from home now.
We bought 30 red and black Angus and he has a registered Angus were gonna throw in with them. Sell the calves, keep a few, build the herd etc.
One of our friends has a trucking company that buys and sells around the country so we got a pretty good deal on them. [Reply]
My grandparents, godparents, friends have always farmed so I grew up around it and doing it for my grandparents.
Myself and my older cousin are the older grandsons in the family so once my grandfather got too tired of doing it, we always got the 3 am call that cows were out or have to go pull a calf etc.
Stupidly, I got myself back into that now after saying I was done with that shit. [Reply]
Originally Posted by O.city:
I own the land, buddy owns more land already runs cattle on it, so we bought more and put on my land and he's taking care of them since I live about 2 hours away from home now.
We bought 30 red and black Angus and he has a registered Angus were gonna throw in with them. Sell the calves, keep a few, build the herd etc.
One of our friends has a trucking company that buys and sells around the country so we got a pretty good deal on them.
Is 30 cattle enough that you're allowed to wear the 10-gallon hat? I don't know the rules about that. [Reply]
We had cattle most of my life. Finally convinced my dad to sell out after he called me one day when I was getting ready to leave town. I gave him the "call you right back, click" because someone was bitching at me about something....and 5-10 minutes later when I called back he said a cow had knocked a gate over and broke his leg and he was sitting in the snow in the middle of a field.
I went and got him...and still feel like an asshole, but am glad he sold them at the time.
Now that my siblings have returned to the area and almost all have land, we'll probably all end up with cows again. [Reply]
I think there are a LOT of shares available 3.3 billion and 5 billion authorized. I would be worried about dilution with this stock. If it gets under .10-it might be worth it. But-if great news comes out of nowhere-this could spike up and be a easy three bagger. Might do some DD. Here is some info.
Medical Marijuana Inc. ("MJNA") is the first publicly held company vested in the medical marijuana and industrial hemp markets. The company is comprised of a diversified portfolio of products, services, technology and businesses solely focused on the cannabis and hemp industries. These products range from patented and proprietary based cannabinoid products, to seed and stalk or isolated high value extracts specifically manufactured and formulated for the pharmaceutical, nutraceutical and cosmeceutical industries. The Company's services are extensive and varied, ranging from medical clinic management to the capitalization and development of existing industry business and product leaders. Services include development of cannabinoid based health and wellness products, and the development of medical grade compounds. MJNA provides over 85 proprietary and patented cannabinoid delivery methods that are more socially and medically acceptable than typical industry methods. Finally, MJNA services include the licensing of its proprietary testing, genetics, labeling, and packaging, tracking, production and standardization methods for the medicinal herb industry. Medical Marijuana Inc.'s patented and proprietary technologies include the only pharmaceutical grade vertical Bio-Technology Company specializing in the standardization, production and extraction of phyto-cannabinoids. MJNA's PhytoSPHERE Systems and their advanced plant growth technologies save significantly on resources necessary for production of medical grade cannabis. In addition to providing a medical grade end product, extracts and compounds, PhytoSPHERE Systems also includes pre-and-post production tracking, germplasm references, packaging and processing to ensure consistency and genetic purity. Medical Marijuana Inc. (OTC: MJNA) Portfolio
Medical Marijuana, Inc. (PC) Financials
Market Cap Shares in Issue Profit/Loss Earnings Per Share (EPS) PE Ratio Float
$ 420.41M 3.03B $ -4.49M - -93.67 411.05M
Short Interest Short % of Out Dividends Per Share Dividend Yield Ex-Div Date Insider B/S Insider % Owned
236.98k 0.01% $ - 0.00%
Share Structure
Market Value1 $164,938,995 a/o Aug 04, 2016
Authorized Shares 5,000,000,000 a/o Mar 31, 2016
Outstanding Shares 2,868,504,261 a/o Mar 31, 2016
Float 411,045,323 a/o Mar 31, 2013
Par Value 0.001
Originally Posted by O.city:
I own the land, buddy owns more land already runs cattle on it, so we bought more and put on my land and he's taking care of them since I live about 2 hours away from home now.
We bought 30 red and black Angus and he has a registered Angus were gonna throw in with them. Sell the calves, keep a few, build the herd etc.
One of our friends has a trucking company that buys and sells around the country so we got a pretty good deal on them.
Nice!
30 critters is a decent herd. Better you than me though, I'm a shit cowboy. Corn doesn't get out, break down fences, charge you, or generally be a pain in the cock.
Be sure to keep the paperwork on the purchase. I'm pretty sure you have to depreciate breeding stock. Welcome to the cool kids club that have to file a Schedule F :-)
Unfortunately though, you missed the fun times. Looks like its making a bottom, so might be a good time to get in.
