Replies to post #116942 on Medical Marijuana Inc (MJNA)

[longhaul4]

If they are late/request extra time, wouldn't that look negative on MJNA since they had quite some time to get the audit together within a specific timeframe to adhere to?

[Slyder009]

I do not consider this to be a normal Penny Company.

My take on a normal Penny Company:

Is not profitable;
Hype to raise PPS so they can Dump shares to pay debts;
File Late or if at all;
Broken Promises;

I hold this company to a higher standard because they do not have time to make mistakes. In a few years the Feds will lift the prohibition, and Marijuana will be legal; and for companies that do not have a good track record or solid foundation, they will disappear.

Accepting mediocrity because they are a penny company is setting a low standard and it is not in my best interest to be invested in a company as such.

I can guarantee that if a major pharmaceutical company says they are getting into the Medical Marijuana business this company will be gone, because other pharmaceutical companies will initiate and the will monopolize on it leaving little room for small companies to take a piece of this pie.

This is why MJNA cannot be late this early in the game.
They need to set the standard, build a strong foundation and support group so they can take it to the next level, and early financials 1 or 2 days should be the standard.

Late is not acceptable.