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ThomasAn

04/21/13 1:42 PM

#104653 RE: Slyder009 #104644

mjna is merely a layer of paperwork on top of Dixie. This is the deal with most holding companies ... they report subsidiary earnings as if it was theirs making it look like they make money.

To tell you the truth, even though Dixie makes money, I have little or no idea how mjna itself gets paid. They do not seem to have a revenue stream from their subsidiaries like other holding companies.

The only logical explanation is that mjna keeps liquidating shares to pay for office and the electric... but that is an unsustainable business model.

that is why I want to see a full financial disclosure. How exactly do they pay salaries and office rent ?