MRNJ>Netflix of China>equity shares>material weaknesses
MRNJ OTCMarkets Press Release | February 27, 2024 "Under the LOI, AB International Group commits to financing the initial development and operational expenses, underscoring their dedication to bringing high-quality entertainment into homes worldwide. In exchange, Metatron Apps will offer equity shares, cementing a durable alliance poised for sustained success and innovation in the entertainment sector. Revenue generated from the venture will be shared, with detailed arrangements to be specified in a forthcoming comprehensive agreement."
"Joe Riehl CEO at Metatron Apps, expressed enthusiasm about the venture, stating, "Our collaboration with AB International Group is a monumental step toward revolutionizing the video streaming service market in China. By pooling our resources and expertise, we are on track to create an unparalleled digital entertainment experience."
ABQQ OTCMarkets SEC Filings Form Type 10-Q RECEIVED July 15, 2024 Page 9 "We carried out an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) as of May 31, 2024. This evaluation was carried out under the supervision and with the participation of our Chief Executive Officer and our Chief Financial Officer. Based upon that evaluation, our Chief Executive Officer and Chief Financial Officer concluded that, as of May 31, 2024, our disclosure controls and procedures were not effective due to the presence of material weaknesses in internal control over financial reporting."
"A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the company’s annual or interim financial statements will not be prevented or detected on a timely basis. Management has identified the following material weaknesses which have caused management to conclude that, as of May 31, 2024, our disclosure controls and procedures were not effective: (i) inadequate segregation of duties and effective risk assessment; and (ii) insufficient written policies and procedures for accounting and financial reporting with respect to the requirements and application of both US GAAP and SEC guidelines."
MRNJ OTCMarkets SEC Filings FORM TYPE 1-A-POS RECEIVED November 13, 2023 "The Offering is a fixed price offering, which means that the offering price for our shares of Common Stock is fixed and will not vary based on the underlying value of our assets at any time. Our board of directors has determined the offering price in its sole discretion without the input of an investment bank or other third party. The fixed offering price for our shares has not been based on appraisals of any assets we own or may own, or of our company as a whole, nor do we intend to obtain such appraisals. Therefore, the fixed offering price established for our shares of Common Stock may not be supported by the current value of our company or our assets at any particular time." https://www.otcmarkets.com/stock/MRNJ/disclosure
News 
Market Data 
Discover 
AI
