Medical Marijuana Inc (MJNA)

[DewmBoom]

I think you are missing the point here.

When a company like MJNA reports over 19 million dollars in revenue coming in Q3 with possibly 30 million dollars in Q4, they need to open their books and avoid having loop holes in their financial statements that are ambiguous to investors. Earlier I gave a small example of how they shift things around from one financial statement to the other.

While this is what it is in pink sheet financial reporting, the company brings more attention to regulators when significant amount of money is generated and company is still pink sheet unaudited. So, UNCLE SAM starts seeing the benefit of auditing such companies for financial fraud or to force them to clean their books with some penalties since they now have the money.

Uncle Sam usually interferes when there is a clear fraud or there is enough money on the table for audit rewards and consumer protection.

In summary, you can’t generate that much money and justify being unaudited. We are talking about over 70 millions for the year. That’s what worries me.