Medical Marijuana Inc (MJNA)

[newmedman]

But they promised.....

and still have a very long way to go even if everything is on the level.... They already restated the Q4 after it was signed off by the current auditor. good job.
What I really don't get is why they just don't go to a PCAOB firm now ? Why would you waste all that time and money to pay for two audits ?

Update on Audit-

In addition, since the close of the first quarter, Medical Marijuana, Inc. continued to retain its auditing firm to perform the audit of its financial records for the quarter ending March 31, 2013 and all the way back for a twenty four month audit history. The Company completed all of the pre-audit work during Q4 and submitted its first audited financials for the quarter ending December 31, 2012. We expect the twenty four months of audit history to be completed no sooner than the end of Q2 of 2013.

Update on DTC-

The company had previously submitted all requested documentation from the Depository Trust Corporation (DTC) for the requested "chill" removal, since then the DTC has requested some additional documentation which will be submitted to them in April. Our corporate counsel has addressed in writing and written a legal opinion letter for the DTC to address their questions.

Update on up listing and fully reporting status with SEC.

The company has positioned itself to become fully reporting with the Securities and Exchange Commission (SEC) once the twenty four month audit history is completed by the PCAOB auditing firm. The company has hired a Public Accounting and Auditing firm to complete all of the necessary paperwork, once completed it will be submitted to our PCAOB auditing firm for final approval and completion. Then the company's counsel will prepare the corporate registration statement for review and approval from the Securities and Exchange Commission.