MRNJ>Netflix of China>equity shares>material weaknesses
MRNJ
OTCMarkets
Press Release |
February 27, 2024
"Under the LOI, AB International Group commits to financing the initial development and operational expenses, underscoring their dedication to bringing high-quality entertainment into homes worldwide. In exchange, Metatron Apps will offer equity shares, cementing a durable alliance poised for sustained success and innovation in the entertainment sector. Revenue generated from the venture will be shared, with detailed arrangements to be specified in a forthcoming comprehensive agreement."
"Joe Riehl CEO at Metatron Apps, expressed enthusiasm about the venture, stating, "Our collaboration with AB International Group is a monumental step toward revolutionizing the video streaming service market in China. By pooling our resources and expertise, we are on track to create an unparalleled digital entertainment experience."
https://www.otcmarkets.com/stock/MRNJ/news/Metatron-Apps-and-AB-International-Group-Join-Forces-to-Launch-AI-enhanced-Movie-Streaming-Hub?id=431669
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ABQQ
OTCMarkets
SEC Filings
Form Type
10-Q
RECEIVED
July 15, 2024
Page 9
"We carried out an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) as of May 31, 2024. This evaluation was carried out under the supervision and with the participation of our Chief Executive Officer and our Chief Financial Officer. Based upon that evaluation, our Chief Executive Officer and Chief Financial Officer concluded that, as of May 31, 2024, our disclosure controls and procedures were not effective due to the presence of material weaknesses in internal control over financial reporting."
"A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the company’s annual or interim financial statements will not be prevented or detected on a timely basis. Management has identified the following material weaknesses which have caused management to conclude that, as of May 31, 2024, our disclosure controls and procedures were not effective: (i) inadequate segregation of duties and effective risk assessment; and (ii) insufficient written policies and procedures for accounting and financial reporting with respect to the requirements and application of both US GAAP and SEC guidelines."
https://www.otcmarkets.com/filing/html?id=17680746&guid=LsL-k6VdUL2zB3h
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MRNJ
2019 - Unaudited
Revenue
$34,188
Net Income
$(91,784)
2020 - Unaudited
Revenue
-
Net Income
$(84,608)
2021 - Unaudited
Revenue
$3,800
Net Income
$(379,632)
2022 - Unaudited
Revenue
$5,400
Net Income
$(68,757)
2023 - Unaudited
Revenue
" - "
Net Income
$(231,640)
2024 – Unaudited
August 19, 2024
January-June
Revenue
$2,221
Net Income
$(36,830)
https://www.otcmarkets.com/stock/MRNJ/disclosure
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MRNJ
5 Years, 6 Months
Revenue
$45,609
Net Income
$(893,251)
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MRNJ
OTCMarkets
September 18, 2024
Authorized Shares
24,000,000,000
Outstanding Shares
15,245,183,242
https://www.otcmarkets.com/stock/MRNJ/security
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