Wednesday, December 05, 2012 4:53:27 PM
Even at .11 there's strong investor enthusiasm that just isn't being supported today. Maybe tomorrow... But I think the bump from the news is mostly over now that Power Hour let some air out of the tires.
Before MJNA failed to file on time, we were between .10 and .12, then they were late, the yield sign was posted, prices dropped. Now they're current again, yield sign is removed and we're back on track.
Why did they fail to report on time? Were they intentionally doing that to lower prices? Maybe. I'm not speculating, but I do blame the leadership for poor performance in regards to their responsibilities to the shareholders: their actions caused doubt which raised the yield flag and market forces reacted to that warning by selling down the pps.
After finally doing their jobs and reporting to OTC Markets, we are back where we were 2 weeks ago or so.
If anybody doubts that they did not report on time, do your DD. They announced their #s on the 15th but did not submit their report until 2 weeks later.
I need to re-listen to the podcast, he made some comment about being late on purpose.. But there is no excuse, poor performing executives who cannot do their job on time don't deserve to be executives and its the shareholders responsibility to hold the fire under their feet or force them out.
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