I wish I could remember the owner of the investment company that was on CNBC about a month ago that has done exhaustive research on this industry. He was asked about the many companies that have unaudited financials. His response was very direct and to the point. The basic reason for this completely unusual event had to do with the banking industry. These companies would not be accepted in the banking industry like a "Normal" type of company. Inturn they were forced to get private financing or turn to other means, such as dilution of shares to raise money for operations.
Even with the passage of the farm bill many / most of the banks just aren't leaning money to these companies. It might take some time before the banking industry can feel comfortable doing so. In the mean time companies like MJNA are kind of left in Limbo so to speak.
This is the problem countryand company wide. Not just this company. If you watch anything watch and listen to banks and legislation to help this situation. Its coming but extremely slow.
News 
Market Data 
Discover 
