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Re: newmedman post# 64569

Wednesday, 01/16/2013 2:27:30 PM

Wednesday, January 16, 2013 2:27:30 PM

Post# of 238436
Of course they were forced to audit financials!

I was thinking the same thing... I honestly never thought MJNA would get audited, as it is a long and expensive process, but it did occur to me that they might have been forced to.


If you don't audit your financials, then you can't uplist to the OTCBB

If you don't uplist to the OTCBB, you don't gain legitimacy

If you don't gain legitimacy, you can't then eventually uplist to the NASDAQ, NYSE or AMEX

If you don't uplist to the NASDAQ, NYSE or AMEX, you can't get institutional investors.

So of course they are 'forced' to audit.

BTW, every company listed on the AMEX, NASDAQ, NYSE and OTCBB has subjected itself to the "long and expensive process" of an audit.