Replies to post #173521 on Medical Marijuana Inc (MJNA)

[Det_Robert_Thorne]

Not filing on time is crappy corporate governance

MJNA's repeated late filings are just another manifestation of its lousy corporate governance.

The same crappy corporate governance that:

1) lost the HempMedsPX distribution agreement
2) resulted in the rescission of several changes to the number of Authorized Shares
3) screwed up the Red Dice Holdings start-up so badly that MJNA eventually had to give up the Dixie Elixirs brand and formulations in arbitration
4) added several million dollars in liabilities to the 1Q/14 balance sheet without explaining the new notes to the shareholders
5) didn't pay its corporate registration renewal to the State of Nevada on time, and had to be reminded several times to do so by someone on this board.

Oh yeah, Business 101 says that one should be sloppy, not keep shareholders (owners) informed, and ignore state bureaucracies.