Marijuana Company of America Inc (MCOA)

[stervc]

With MCOA, why I greatly disagree...

Respectfully, I will have to greatly disagree with your negative assessment of MCOA. I think you are seeing the ”glass half empty” versus seeing the ”glass half full” here with MCOA and its new management and direction.

The key number and what is one of the most important numbers within any company's financials is the Net Income (Gain)/Loss because this number is what is going to help the company derive an Earnings Per Share (EPS) to allow the market to assess a fundamental valuation of where it should fundamentally trade. The Net Income (Gain)/Loss amount is a very small loss of ($14,814) as can be confirmed from their financials below:
http://www.otcmarkets.com/financialReportViewer?symbol=MCOA&id=147520

Because of how small the loss amount is ($14,814), this positions MCOA to be ”significantly” profitable almost immediately upon any confirmation of any profitable operations being connected or placed into the company without having any legacy debt left behind from the old management to deal with at such level.

Technically speaking, what you said to be $3 million in Debt is termed wrong and is incorrectly understood with how you used it in context. You should have called it a Liability which is significantly different. Liabilities are different from Debt as Liabilities are reflected on the Balance Sheet to help derive the Equity for assessing a Book Value for the company while Debt is associated with the Income Statement to help derive the Net Income which helps to derive the EPS that I spoke of above.

The $3 million that you mentioned is actually an Accumulated Deficit during the development stage and is listed under the Liabilities and is strategically placed to not hurt the company as such is not in the form of any kind of notes to bring about any dilution. It was created accumulated deficits from the old management since the inception of the public entity and is being used by the new management as a Net Operating Loss carry forward of approximately $3,102,398 for federal income tax purposes:

http://www.otcmarkets.com/financialReportViewer?symbol=MCOA&id=147520

This huge NOL presents a very attractive piece for a very profitable company to be extremely motivated to be acquired or partner with MCOA to get the NOL within their possession to offset their huge amount of Income from the gains of their operations to have their taxes reduced. I think MCOA is being positioned very well. This action justifies further, in my opinion, the details released in the MCOA news below:

http://finance.yahoo.com/news/marijuana-company-america-inc-announces-140000970.html
Marijuana Company of America, Inc. Announces Name Change From Converge Global, Inc.

BONSALL, CA--(Marketwired - Dec 1, 2015) - MARIJUANA COMPANY OF AMERICA ("MCOA" or the "Company") (OTC PINK: MCOA) is pleased to announce that FINRA has approved its name and symbol change. The Company will begin trading under its new name, Marijuana Company of America Inc., and new trading symbol, MCOA, effective December 1st, 2015.

Completion of the change of business and resultant name change was subject to a number of conditions, including but not limited to FINRA approval. Majority consent was received from shareholders and approved by the Board of Directors on September 9, 2015.

Marijuana Company of America Inc. is an innovative marijuana marketing and distribution company that intends to distribute a wide range of marijuana, CBD and related products nationally and internationally, via a marketing and distribution strategy that is unique to the marijuana industry.

The newly appointed Chairman and CEO, Donald Steinberg, is assembling a top-notch team to execute the MCOA business plan. As the Company embarks on its first year under new management and a new direction, the Company is enlisting partners, establishing joint ventures, negotiating contracts and building a powerful consortium of industry experts and companies that share the MCOA vision.

Mr. Steinberg's experience in launching successful marketing and sales organizations on a global basis will benefit the Company and shareholders greatly. He has been out front of many new and developing industries and products, and will contribute significantly to what could potentially become the biggest new industry boom since the dot-com era.

The MCOA business model will set the Company apart. Management is developing a proprietary, high quality product line that will be exclusively available through MCOA. The specifics of how these products will be marketed and distributed will be disclosed just prior to launch.

The marijuana industry is still in its infancy and it is currently one of the fastest growing industries in the global economy. According to the Marijuana Business Daily's (MBD) Funding & Financing Handbook, marijuana product sales in the United States for 2015 are projected to be in the range of $2.7 to 3.1 billion, and that is only reported sales within the U.S. Worldwide sales are potentially equal to or greater than U.S. sales. Projections by MBD target a $6.8 to $8 billion U.S. market by 2019.

Never before in economic history has a commodity or product been prohibited by governments worldwide for nearly 80 years, whilst society has considered it to be generally acceptable and safe. Legalization continues to build momentum worldwide, and there is an economic tipping point on the immediate horizon, which could potentially be the largest in history. The number of jobs that will be created, and the taxes that will be generated by the marijuana industry will be significant. The marijuana industry will also stimulate growth in many other ancillary industries as expansion continues.

Donald Steinberg, MCOA's President, said, "It is an exciting time to launch a new company in this rapidly emerging industry. As the global marijuana revolution continues to expand and evolve, MCOA will contribute to its evolution with a brand new approach to the product development, marketing and distribution of medical and adult use marijuana products."

On behalf of the Board of Directors,
"Donald Steinberg"
Donald Steinberg
President & CEO
888-777-4362
www.MarijuanaCompanyofAmerica.com

About Marijuana Company of America Inc.

Marijuana Company of America ("MCOA") is a publicly traded company headquartered in Bonsall, California. MCOA will distribute marijuana and products related to marijuana as well as CBD and hemp, using a variety of marketing approaches to distribute on a global basis.

FORWARD-LOOKING DISCLAIMER

This press release may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Marijuana Company of America, Inc. to be materially different from the statements made herein.

LEGAL DISCLOSURE

Marijuana Company of America Inc. will provide management services that enable legal businesses to cultivate, sell, and distribute hemp and marijuana based products within the legal guidelines of individual states and international markets.

For more information, please visit the company's website at:
www.MarijuanaCompanyofAmerica.com
Contact:

Charles Larsen
310-916-8488
[e-mail]

To add, I think those who are new to MCOA should read this post below and the links within to understand the magnitude of having Donald Steinberg as the CEO/President running the show:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=118770308

v/r
Sterling