Medical Marijuana Inc (MJNA)

[Alan Brochstein]

I think that MJNA has given the SEC plenty to ponder, but I would hope that they don't get suspended. I would prefer to see the company deliver on its promises to become more transparent.

Last year, they acknowledged that the SEC had an inquiry, so we know that they are on its radar. Michelle Sides posted an outrageous, over-the-top revenue guidance i February of 2013. If that didn't trigger suspension, it's pretty hard to say what will. Linking to an article with a clearly incorrect material statement ($60mm sales) in a press release and then tweeting about "BrokerBank Securities" which issued a press release with that exact same incorrect information won't help their cause if the SEC is looking at them still. Their habitual tardiness with quarterly disclosures is probably not an issue, but the SEC does suspend companies even when they aren't SEC filers for not making information available.