Yes, GRNO is not being investigated by the SEC. You have every right to wait another 1 or 2 years for a potential SEC investigation relating to Monk. This will mean you will have waited a total of 3 to 4 years for your anticipated investigation to begin. If that happens, GRNO will be waiting and will present all of their SEC compliant business transactions-- with out concern...
As mentioned earlier all transactions GRNO did and DO, continue to follow SEC laws. GRNO has an SEC attorney review all contracts they enter into.. GRNO's President is very stern about following the laws. This is the reason why GRNO is not concerned. GRNO has full documentation for every business deal they do and is always willing to show it to any legal party.
The stock has fallen dramatically due to investors waiting for the audits. Audits will show proof of financial condition and transaction. The drop in price is understandable due to delays in audits.
In my recent conversation with the CEO of GRNO, I was informed the auditor handling the account moved to a new firm in order to receive a higher management position and more pay. The new audit rep re-assessed the account and chose to bill GRNO an additional $20K. The CEO then had to renagotiate the price. GRNO is a money making machine and can pay the $20K but they dont like spending money without a good reason.
Over all, GRNO is a brick and mortar company continuing to drive in rapidly growing revenues. Once the audits are completed, I expect the stock to rise again. Audits will then be used to present infront of institutions. In my opinion, I see this company as grossly undervalued. Audits will show the fundamantals behind this low priced stock.
