Have you ever wondered why that initial 4 million dollar loan from Cannabank is still on the books as a company asset ?
Why have they have gone out to secure other lines of credit while they have 4 million just collecting dust on the balance sheet ? As far as the rest of the financials go, I can't understand them....
You know Phytosphere's only customer at this point is Dixie and now probably canchew too right ?
Any of their profit should be offset by the others expenses but those funny papers don't explain anything about it....
Heck, we can't even get an honest share structure out of these people..... but they are going to get audited ?
and the company making up stories to shareholders about the charges Llamas is facing only tells me that there is still honor among thieves...... or at least Real Estate guys and girls... Something is definitely wrong there.
The products they sell are great, but how much do they sell and where ? Is it dixie X sales, is it dixie classic, is it hemp paste, is it chewing gum ? It's like they pull revenue numbers out of the air with minimal expenses to achieve them....
I would be scared of an audit if I were MJNA.... That's why I don't think it will happen anytime soon.
We can talk all day about how great the products are and speculate what the future might bring,
but this stinky pink still has a lot of housecleaning to do before it should be considered anything but a daytrade.... JMHO....
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