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Saturday, October 25, 2014 10:55:02 PM
The two-year audit has nothing to do with Cranford, Murray and Stewart Environmental.
In a PR on August 14, 2012, MJNA management said that they planned to complete a two-year audit for uplisting purposes within 120 days:
Of course, management missed that goal, and by June 10, 2013, I wrote on this board that the audit shouldn't be expected until mid-2014:
In November, 2013, I noted that it had been more than one year since the initial promise, and wrote the following:
On July 5, 2014, I issued this post:
Now, they've dropped the talk of the audit from the most recent filing, which pretty much guarantees no attempt until after the 2014 annual filing is made at the end of March, 2015.
Instead of wasting time on a lawsuit, management should have been making sure that the audit was done.
My guess is that they don't really want shareholders all of the inside information that would be required in a S-1 filing with the SEC, and the same is likely true for what would be discovered in a lawsuit if it went to trial.
That's another reason why I expect the latest lawsuit to eventually be dropped.
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