Replies to post #144298 on Medical Marijuana Inc (MJNA)

[N.C.LUCKY(7)]

I wouldn't argue with you.. Doesn't get any clearer than that..

[Just1MoreUpTick]

Shareholders of record is 585 LMAO. Doesn't seem in the vicinity of 40,000 now does it???

[Det_Robert_Thorne]

It's possible they have enough votes

While it's possible that insiders have enough shares to lock down the number of Authorized Shares without calling a meeting of the shareholders, they haven't yet done so. Therefore, they might not have enough votes to do this on their own.

I know that the company isn't telling the truth right now, otherwise they would have reported the actual number of Authorized Shares (as they'd done in past filings) instead of saying that Authorized Shares are capped by management at 950M.

I don't need to call the company because I know what the Articles of Incorporation say, which is all that matters.