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100% Correct, this is a repeat of a long running self enrichment by the CEO and the insider cronies. READ the latest financing the insiders have little risk based on the financing structure, only the rank and file shareholders are exposed.
Pinks are high risk gambling people are free to throw a flyer at these. I have traded this made 15 to 20% , its liquid and buyer beware. Right now it appears those days are over until they reverse split it again, and they will. When they do , might be an opportunity for 10 to 20% on a flip which is why I check in on this, GLTA
You may very well be correct in the share count, the way the company funds itself with the toxic sale of shares and these numbers as I stated are 3 months old. I do not know quite frankly why anyone would invest at these levels without current numbers, and at least reading the 10 Q to see for themselves, there are other companies in the sector that are beaten down that if you like this sector have better share and financial structures and when the sector pops have significant upside and liquidity at all levels, but to each his own.
With this company, problem is it never files on time, as such only reliable share structure numbers go back to November's filing 2021. Company should be he halted from trading until they file. They are notorious for continuing to file late, but with pinks the SEC does not enforce the violations.
Based on November 2021 15 Billion shares authorized approximately 10.2 Billion outstanding , at that time there was another 40 to 45 million shares being issued. (3 months ago)
You need the current financials which they have failed to produce now for several months, why anyone would buy this crap without the numbers is beyond any rational thinking based on this company's history . I believe the A/S and O/S are higher
Nobody is selling ???? How do you explain this "stock" being in the toilet? Better yet explain why with virtually no revenue other than dumping stock to generate cash WHERE ARE THE FINANCIALS THEY STILL HAVEN"T REPORTED ? What are they 4 to 6 months late ???????
Wouldn't you ? It's a no lose situation ! They are guaranteed to get back their money and can sell unlimited shares until the guarantee is met so the stock goes lower they get more shares to sell. Their only risk is if the co. goes out of business, but they simply find new bag holders and issue more stock so that most likely isn't going to happen . All with the SEC blessings.
READ THE 10Q's this company is and has been a Train Wreck ! Does not mean you cannot trade it on dips but there are as you say a lot of players in the sector , and there are a few Gems among them that are worthy to hold as a longer term investment, MCOA is not one of them IMO.
“Those who don't know history are destined to repeat it.”
And your observations do Einstein ? Learn to read a 10Q or in your case have someone explain it to you.
Do you know how to read a financial report ? How can you make that statement? This 10Q is a TRAIN WRECK did you even bother to read the toxic borrowing and the number of shares they are authorizing to dump on the market ! During the six months ended June 30, 2021, the Company issued an aggregate of 810,689,880 shares of its common stock in settlement of issued convertible notes payable and accrued interest. They authorized 15 BILLION SHARES TOTAL asof 6/21
GTLTU you are going to need it, now we know in black and white why the delays in releasing the "financials"
I would not be surprised that they close it at .004 once through taking insiders out slightly above the bid, dumping it on bag holders.
Maybe ? Where is the 10Q someone has obviously seen red flags prior to it's release, and its I believe past due on the extension or near so.
WRONG ONCE AGAIN, those with precarious financing have that to cya. So majority for sure on the pinks have those disclosures but there are also pinks, small cap nasdaq that do not need such disclosures. Just do not meet the capital requirements yet to be listed on the small cap.
One day this company may get there but based on the business plan still several years away IMO based on the cir current financials. If they can keep the lights on, is the question and so far the only recourse has been toxic funding. Like I said I trade this crap on the pull backs and dump on the 10-20% pop, I have no beef with this stock I take advantage of it, as everyone should
If I wanted to post nonsense I would simply post your non-factual comments. POST FACT FOR A CHANGE NOT UNSUBSTANTIATED OPINION.
If you have READ the 10Q's you will see that the selling is from their past TOXIC Funding this will continue for the foreseeable future the "investors" who received these Billions of cheap shares are rightfully taking their riches. Those are the facts , Those shares are the A/S and as far as what management has said and reality why else would they continually state " concerns as a going concern" and please do not quote the bull crap that those clauses appear on all 10K's and Q's , because they do not. Sooo where are they going to get the cash to keep going, you appear smarter than what you stated, taking managements word lo really?
You should read very carefully the financials BEFORE you say there is no more toxic funding. The past funding will take several years to clean up. This company only has toxic funding to keep the lights on. If or until it starts generating any meaningful revenue. As far as your comments on CBD, MCOA is a pimple on the Butt of a elephant, there are more substantial well funded players better suited to capture market share, and patents are nice but easily circumvented. GLTU again read the financials and you will clearly see that the toxic funding is what creates any up or down movement on this. It is plain as day, it is not the news nor the sector lol.
Which is why there is more than enough "Off" market supply. Again there is no shortage of supply in any state there is demand. Look you can trade this crap I do and have for a few years. That is the only reason I even look at this . Its always good for 10-20% pops on these pull backs, Because of all their toxic funding some of those investors for the most part are not in it long term, and you have to read the terms for when they are allowed to release their shares. Take alike what they did these past few years the release date on shares and the charts it is right there black and white. You have to read the financials !
I believe you are gravely misinformed. The Federal Gov't is looking to decriminalize period, the states that have legalized it have already granted personal consumption as well as number of plants that can be personally grown and possessed. Kind of tough to discern what you purchased and what you grew. Law enforcement will not pursue these kind of cases. This is the realty Today it isn't changing if the Feds get involved. The Off market is here to stay.
You might want to read this article before you make such comments. It all comes down to profits and the MJ industry is NOT the road to riches that the .com bubble had before it burst. Look at what has happened in California https://www.latimes.com/california/story/2021-06-14/california-struggling-marijuana-industry-cash-grants-budget
It is all about supply and demand and there is plenty of supply and if the feds ever legalize it, the illicit trade will be even more since the penalties for being caught will be even more lenient, and the price/quality will be lower and as good .
PSST There is no shortage of supply the shortage is demand. Just like with this stock lol
Scam or not , you can still make money on these dips and pumps , and that is the bottom line isn't it? If anyone who buys this crap is believing it is a quality investment then let them, you in particular keep reciting Scam , your entitled to your opinion and there is no argument the actions of management certainly lend those thoughts some credibility, but if others want to buy it let them and if they get holding the bag so be it , it is their money.
You really need to see the toxic funding Jesus predecessor was involved in to understand there is a long way to go before all those shares are cleaned up and even at these levels they reap substantial gains. And sleepy Joe's soon to be increases in cap gains taxes are another factor I am sure. Also would someone please let those on the board know you cannot SHORT penny stocks what you see are MM's selling shares where they have possession of the certs that may are may not be free trading but soon will be. These firms can keep rolling these shares over until forced to deliver but there is ZERO chance they can be squeezed. GLTA
Perhaps, no telling what will happen in the Wild West still was fun making $$$ on trades of this crap, you don't buy this junk because of fundamentals. Could be another bounce with 30% upside before it heads down again.
This report simply shows the tip of the iceberg as more restricted share are being registered for sale holders can have their brokers start selling since the clearing houses have proof the certs will eventually be delivered.
This report simply shows the tip of the iceberg as more restricted share are being registered for sale holders can have their brokers start selling since the clearing houses have proof the certs will eventually be delivered.
How come you left off their DISCLAIMER that they are a paid PR firm that omission is pertinent.IMPORTANT DISCLAIMER PLEASE READ THOROUGHLY
The SmallCapVoice.com, Inc. SC Daily is an electronic publication, and is for informational purposes only. The SCDaily covers both client and non client issuers. Non client issuer’s news is listed under other small cap news. SmallCapVoice is an electronic publication providing information on selected public companies. All companies profiled on this website pay cash, unrestricted stock or restricted stock to SmallCapVoice as consideration for the electronic dissemination of the company’s information and our comments about the company
LOL that is so inaccurate but please go ahead feel free to load up, FACT if a holder of stock is waiting for his certs to clear the transfer agency the firm that those holders uses does not have to report it as a short. Since technically they have the cert.
I do not question whether they are serious people, I question from first hand experience placing credence in the Brazilian marketplace, their economy is a train wreck and CBD is not going to miraculously be a major revenue producer there. Again its all about revenue and this company has little to none and the only way they keep the lights on is issuing and dumping shares and the shares they are selling is going to pay off the toxic loans they are obligated to pay to keep the wolves from the door.Those are the unfortunate facts. Again all I am stating is there are a abundance of companies who have healthier balance sheets and better market penetration who BTW are also struggling during the pandemic that are in a better position to survive than this company. That is a fact and is clearly reflected in the share price. One last point do not be fooled by the "volume" most of that is from holders of the debt cashing in their loan payments and since they can sell :"short" and roll those short positions over and over while waiting for delivery of their shares the volume is irrelevant. There are very few new investors who are stepping into this, if they were the share price would be moving up not down . GLTU
You raise valid points however the reverse split was systematic of the toxic financing this company's past management had and new management continues to have to pursue to keep the lights on. In addition there is no revenue from their sales model. Brazil is a joke, as the MLM sales structure they pursued in Europe. I have no axe to grind with anyone who believes there is a play here, I have in the past traded in and out of this and made my 10% gains no complaints, I will take that any day, unfortunately that has changed dramatically with continued dilution. I would also point out the marketplace is a lot different with a vast surplus of product from companies with healthier financials and healthier share structures. Hope you get your bounce
GLTU
There are a great deal more than 3 disgruntled investors. Personally I could care less who posts what , since its like any social media posts, good or bad they have zero value other than to express their view. As far as sources for most of their comments READ THE FINANCIALS the 10 Q's clearly state what a toxic wasteland this company has placed itself in ! This company for years has tried to keep the lights on with toxic funding, whereby BILLIONS of shares are allocated based on share price against loans the company has taken and zero lockups. So regardless of where the stock goes which is basically down more and more shares have to be issued to meet the minimum payments GUARANTEED by management when these loans come due. IF you have read the financials and still pour money into this than you really do not understand what you have read . READ THE 10Q's for the PAS 2 years.
75 million. with 30 million more being issued to management. There was at one time a billion plus shares but reversed split last year brought it to the current outstanding
They indicate in the Quarterly that the reverse split is going to take place. Read the report
Does your "theory" take into account the 2 insiders continuing to dump ?
X
2019-07-25 17:52:06
2019-07-16
MCOA Larsen Charles John 10% S - Sale $0.01 -3,000,000 359,234,825 -1% -$21,000
M
2019-07-16 21:44:39
2019-07-09
MCOA Larsen Charles John 10% S - Sale $0.01 -1,611,926 362,234,825 0% -$11,783
M
2019-07-11 19:23:29
2019-07-09
MCOA Steinberg Donald J Pres, 10% S - Sale $0.01 -1,000,000 480,639,934 0% -$7,500
Looks like this insider had a pretty sweet deal with MCOA selling when he did wonder what the deal is on his remaining shares
2019-07-01 21:48:47
2019-06-25
MCOA Larsen Charles John 10% S - Sale $0.05 -1,000,000 364,346,751 0% -$54,500
Don't want to beat you guys down but this was so obvious and they still did not reverse enough, even with 60:1 . They still have toxic debt. May even be some litigations . If you like this company put your money behind Global Hemp Larsen at least seems to know what he is doing and you can still get some of the benefits of mcoa products with Global's affiliation.GBHPF
Not at all I actually make money on this by trading it on dips like these. I average 7% to 12 % which I will take on any penny investment. The touting on this board is ridiculous when you look at the FACTS. READ the 10 Q, the 10 k's and tell me anything I posted is incorrect ! I am simply pointing out that as an investment the toxic share and debt financing will keep this from ever being more than what it currently is. If you can find one fact I misrepresented then let me know. Have you even read the financials if you have not I simply suggest you do so. You can disagree with me but you cannot disagree with the facts which are supplied by the COMPANY not me .
Do you even look at the financials ie. the toxic debt financing and share structure? Or the recent accounting practices discrepancies cited in the recent financials? Do you even question the recent S-1 filing which BTW the SEC still has not authorized ? And if they do not authorize it, how the company has stated their only means for raising funds to pay for the joint ventures they have LOI's with?
Yes it is great to expand to new markets and the products being well received are wonderful but the bottom line on any "investment" is shareholder value and this stock is currently a major train wreck.
That is why you buy it on dips strictly as a trade. It's share structure is too toxic as an investment and Steinberg's continuous selling breeds continue lack of long term investor confidence.
This stock is down due to the S-1 and additional 1/2 a billion to 1 billion shares being added to the float. They have a recognized accepted patented product.
Even if they do what you suggest with the S-1 filed now the share structure is 3.5-4 BILLION SHARES!
It has no shot the way it is currently structured and a reverse split is an additional kiss of death if they consider that . You can still trade on dips and make some $$$