Replies to post #126414 on Medical Marijuana Inc (MJNA)

[newmedman]

I believe he was just giving you a timeframe in which they possibly could uplist...

MJNA has been promising an uplist since 2011 so I won't be holding my breath until 2014.
LOL, they also over promised as usual...

MJNA intends to release financial data for the second quarter ending June 30, 2011 on or before August 1, 2011. Additionally, MJNA plans to release quarterly financial data no later than fifteen business days following the conclusion of the preceding quarter. To correlate with the quarterly and annual financials MJNA is in the process of selecting an auditing firm to aid the company in streamlining internal controls, policies, procedures, governance and to address specific reporting requirements as well as commencing MJNA's first financial audit. Firms currently under consideration include Deloitte, KPMG US, and PriceWaterhouse Coopers.

http://ih.advfn.com/p.php?pid=nmona&article=48407455
I guess Imbimbo was plan B... :-(

[Det_Robert_Thorne]

Making the uplist point a little clearer.

I am not even in major disagreement with a poster who said up-listing is not until mid-2014. I think it will be earlier but this statement IMO invalidates all of their arguments that this is a company to be avoided. This poster is ACKNOWLEDGING that MJNA WILL UPLIST.

The reason I've posted that an uplist of MJNA isn't likely before mid-2014 is because some here think that it will happen much, much sooner, and will "save" the stock from "manipulation".

I contend that:

1) Uplisting is at least one year away

2) By mid-2014, whether uplisting occurs or not, because MJNA is financing its expansion and operation with share dilution, the number of outstanding shares will be significantly higher than it is today.

Conclusion: Uplisting will not "save" MJNA's stock price.

[globaldata77]

<<<Bottom line is articles of correction were published at her direction to right the company in order to get up-listed. This did not need to happen>>>

Yes it did need to happen whether they were uplisting or not. They did have to do it to prevent the company from getting delisted or for trading to be halted. They still have to follow SEC regulations whether they are a pinkie or not.

You also keep stating they didn’t have to post financials. No, they don’t but you have to admit the financials painted a much rosier picture than was probably the case which resulted in people buying in. So the reason they posted financials might not be as honorable as you proclaim. Those financials were quite self-serving.

Did it ever occur to you that maybe they really don’t want to get up listed and are just saying they do to get more investors to raise the PPS? I am just wondering if that ever crossed anyone’s mind.

Why do you think they will up list this year? They still are trying to square away the first two quarters of audited financials and there are many questions 6 months later they haven’t answered. Why do you think they will get 24 months of financials audited in less time?

One other item: Anyone feel another chill coming on with the problems with share structure? Yet they say nothing.

GLTA