Replies to post #27135 on Medical Marijuana Inc (MJNA)

[malvern]

Yes everything is great if it is confirmed by an audit, it also wouldn't hurt to have the former CEOs stake in the company disgorged from it's assets, so that we can be absolutely certain no claims can be made against present or future earnings.

[JPetroInc]

Learn the OTC Market Tiers

MJNA will be applying for the next step up - which is the OTCQB, but would like to see MJNA listed on the OTCQX exchange instead...

http://www.otcmarkets.com/otc-101/otc-market-tiers

The OTC market is made up of many different types of companies, ranging from OTCQX companies worthy of investor consideration to economically distressed companies to speculative shell companies.

Due to the wide range of OTC companies, OTC Markets Group developed the OTC Market Tiers to help bring increased clarity, transparency and disclosure to the OTC Market. All non-OTCQX OTC securities are assigned a Market Tier based on their reporting method (SEC Reporting, Alternative Reporting Standard) and disclosure category – Current, Limited or No Information.

Securities listed on OTCQX, the highest OTC Market Tier, are required to have Current disclosure in addition to the QX listing requirements. Securities within OTCQB Market Tier must be SEC, Bank or Insurance reporting and must be Current in their disclosure. The OTC Market Tiers, ranked from highest to lowest, include:

OTCQX - The Intelligent Marketplace

OTCQX is the intelligent marketplace for the best OTC companies with the highest financial standards and superior information availability.

OTCQB - The Venture Marketplace

OTCQB is the venture marketplace for companies that are current in their reporting with a U.S. regulator. There are no financial or qualitative standards to be in this tier.

OTC Pink Current Information

Companies that follow the International Reporting Standard or the Alternative Reporting Standard by making filings publicly available through the OTC Disclosure & News Service pursuant to OTC Markets Group Guidelines for Providing Adequate Current Information (pdf) are designated as OTC Pink Current Information. The Current Information category is based on the level of disclosure and is not a designation of quality or investment risk. This category includes shell or development stage companies with little or no operations as well as companies without audited financials and as such should be considered extremely speculative by investors.