{"id":7745,"date":"2016-04-26T13:55:13","date_gmt":"2016-04-26T13:55:13","guid":{"rendered":"\/?p=7745"},"modified":"2016-04-26T13:59:10","modified_gmt":"2016-04-26T13:59:10","slug":"american-cannabis-company-inc-otcmktsammj-takes-a-step-down","status":"publish","type":"post","link":"\/articles\/american-cannabis-company-inc-otcmktsammj-takes-a-step-down\/","title":{"rendered":"American Cannabis Company Inc. (OTCMKTS:AMMJ) Takes A Step Down"},"content":{"rendered":"\n

The results in American Cannabis Company Inc. (OTCMKTS:AMMJ<\/a>)’s latest financial report managed to push the ticker explosively up the charts for two consecutive sessions – but is AMMJ<\/a>‘s <\/strong>momentum spent already? <\/p>\n

Yesterday’s 16% tumble seems to indicate so, but then again – that might just be the result of the share shenanigans that AMMJ<\/a> <\/strong>has pulled in the past finally catching up with the ticker.<\/p>\n

After all, according to the very same report that pushed it up the charts, as of its filing, AMMJ<\/a> <\/strong>had $71 thousand worth of debt that is convertible at a fixed price of $0.08 per share. That’s less than a third of what investors have to pay to buy a single share of AMMJ<\/a> <\/strong>common stock on the market, even after yesterday’s crash.<\/p>\n

Once that is taken into consideration, it should be obvious why treading lightly and keeping their eyes peeled might be the best option for AMMJ<\/a> <\/strong>investors at the moment. True enough, judging by the report, the company has made a lot of progress over the fiscal 2015:<\/p>\n