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Medical Marijuana, Inc. Message Board

  • zombama@ymail.com zombama Apr 29, 2013 11:09 AM Flag

    Misleading Investors

    "HDDC gained control of MJNA in 2011 with the promise of assets. Based on the balance sheet that followed the transaction and subsequent financial statements, it doesn't appear that these assets are being properly reflected in the accounting, a strong suggestion that the assets may not have been transferred. The share count subsequently soared to 808 million by the end of 2012. Somehow, HDDC was able to increase its holdings in MJNA from 260 million in March 2011 to 265 million at the end of 2011 to 412 million shares (51%). The 2012 annual report never details the source of these additional shares."

    http://seekingalpha.com/article/1381061-how-management-misled-investors-when-it-gained-control-of-medical-marijuana-inc?source=yahoo

 
MJNA
0.0409+0.0001(+0.25%)Sep 1 4:00 PMEDT