Are Promotions Effective for Medical Marijuana Inc (PINK:MJNA)?

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Las Vegas, NV -- (SBWIRE) -- 04/26/2013 -- Medical Marijuana Inc (PINK:MJNA) declined by about 3% and is currently trading at $0.17.

The stock did not seem too much active, just moving along the grounds with least bit of energy. Its activity remained almost the same throughoutits trading session. Though in past couple of days Medical Marijuanacould be seen performing pretty well and also the effects of heavy paid promotions should be reflected somehow.

As the Medical Marijuana Inc paid a total of $67,500 for its touting promoters this month, like PennyStockProphet, StockHideout(dot)com, StockRoach(dot)com, PennyStockSpy, HSP team, 007 Stock Chat, and the list just keeps on going for this month. And with the pump of all these promoters the company generated estimated volume of $2,883,695 to date this month and had 18 hype emails to its investors.

Despite, the low activity of the stock in its last session, the traded volume of the shows interest of investors who have been supporting trade. Currently the traded volume stands at 5.4 million shares which is fairly higher as compares to its average volume of 15 million shares.

Currently the company is trading at a market value of $144.67 million and holds up to 808.24 million shares outstanding. Although Medical Marijuana slowed its pace from a past couple of sessions, but it’s a matter of time when investors will know which way it’s headed with heavily paid touts at the behind.

To find out what OTCMAGIC projects for Medical Marijuana Inc., for both short term and long term please click here: MJNA

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