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Looks like Jesus is selling another 5 million shares or so to finance his lifestyle. He currently owns over 36 million shares; plenty more where that came from (shareholder pockets).
Keep the hemp, find a workable substitute for the caffeine. A 12 oz can of Kona gold has a total of 115 mg of caffeine. An 8 oz cup of coffee has about 100 mg of caffeine.
What are we selling- hemp or caffeine?
A common problem in Penny Stock Land these days:
"In case anyone was wondering why MRMD doesn't hold gains, it's because there is a noteholder converting shares and selling them at will. These guys have no patience and will dump into the market whenever the share price starts to appreciate. The current noteholder has some 6 million shares I believe, give or take. With that said, if volume was high each day the noteholder wouldn't matter but since it is NOT. This A-hole will make the stock appear to be dead. These guys are the worst thing imaginable that can happen to an investment and your guess is as good as mine as to why MRMD used dilutive financing. Maybe because they can't borrow from a bank until safe banking act passes. I dunno. Love this company but sooooo sick and tired of noteholders popping up in my investments. They are like a virus that never goes away.
Just substitute the symbol RTON for MRMD.
Isn't lemonade mainly a summer drink? Why time this announcement now going into wintertime? Just asking.
Thanks for posting. Keep us informed on your RTON progress if possible. The knowledgeable keep saying that RTON products should translate into company success/higher pps, but it continues to be held back.
Sooner or later, that will change.
Actually the Delta 9 product just rolled out is superior to Delta 8. No worries.
Excerpt from today's press release:
".....Report for the quarter ending September 30, 2021 showing record gross sales for the quarter of over $237,000. In addition, the company is reporting that in October 2021, the company and its licensed store in Austin, Texas both had record monthly sales. Finally, the company expects that the Company’s sales for the quarter ending December 31, 2021 to also be a new record."
Nice. Now let's find a way to get those new stores built without substantially adding to our debt issues.
Jeez- missed another filing date. Not a good sign when they still can't organize their stats in a timely manner after all this time as a company.
They do not need public shareholder approval (nor do they have to contact you) prior to initiating either raising the A/S or Reverse Split the shares. The BOD controls all the voter rights through the Preferred Class "A" shares which they own outright.
Next time research your companies prior actions more thoroughly before you invest. They are not doing anything illegal in these regards.
There is nothing the SEC can do about it. Common practice amongst public corporations to retain control.
The amounts of caffeine typical Americans consume are not healthy in the long run. Other natural energy supplements would be more desirable. Unfortunately, caffeine is plentiful and effective.
And highly addictive. Caffeine junkies are everywhere to be seen. No one yet has come up with a substitute that is as effective on a short term pick-me-up basis. Just don't drink too much of it.
If it is effective without caffeine; then they will have something Big on their hands.
Yet another television newscast with the Rowlett store featured on Fox News affiliate:
https://www.fox4news.com/news/judge-delta-8-products-can-temporarily-be-sold-in-texas-stores
And yet the shareholders keep whining and beating the stock down to yearly lows and de-listing. Just who's fault is this?
The CEO's for not holding your hands enough? Or disappointed penny flippers?
Latest television newscast featuring RTON Endo interview at store:
https://stocktwits.com/bringonthebacon/message/403529255
Excerpt from recent television newscast RTON interview:
Delta 8 was believed to be legal thanks to language in a 2018 Federal Farm Bill that legalized hemp and hemp products. When Texas said it wasn’t, some stores started pulling it from shelves.
Others, like Mike Brown with Endo Dispensary in Rowlett, kept selling it. "We weren’t doing anything wrong. We doubled down," Brown said. "I bought more inventory because I knew people were going to panic and pull it."
Brown says Delta-8 makes up 80% of his store’s profit. He says after the state’s update last month, business exploded.
"Crazy sells," he said. "I can’t even figure out what the increase is."
Look for increased sales/earnings thruout remainder of 2021 going into the Holidays.
C'mon- you haven't done anything with this.
Looking good. Between the national news on Delta 8, new Delta 9 products in stores, and a great sales boost this last quarter; we should have a large spike in PPS for RTON leading up to and after next week's Q2 report.
Dilution? What dilution.
As of 10/28/21: 4,272,808,492 unrestricted shares
As of 10/28/21: 1,426,083,492 restricted shares
As of 07/26/21: 4,204,808,492 public float
These figures are per OTC.com. As you can see: basically few shares were transferred to the public float between July and October.
Restricted shares are always a bit sketchy to follow; but appear to be in line with normal growth - where is the big red flag?
All in all, they have managed the company well this last 6 months.
As posted on Stocktwits this morning by Jerry:
Hogstar1
10/27/21, 06:02 PM
$RTON
"We are still selling Delta 8 and 10 and next week we will be launching our new legal Delta 9 edible line. These new edibles are legal because they contain less than 0.3 percent Delta 9 THC by dry weight. The new edibles will be packed with 12 mg of legal THC. We will also have our new improved THCO carts. We have a full line of THCO gummies and smokable flower. The effect of these carts are really great. We have plenty of product in stock. all members that want Delta 8 products go on line and get a 33% discount on all Delta 8 vapes and gummies. If you are in the area please stop by, you will be impressed with all of our products."
Everything is proceeding nicely. Get on board if you have been sitting on the sidelines.
In a few weeks the Quarterly Report will be the catalyst for the stock run-up.
Jerry's job as CEO will be to spread the word via news releases & social media of increased sales/earnings/store expansions & new products if and when applicable.
His yearly salary is by awarded shares. If the company does well, I would expect (and hope) he does well also.
It appears some of our recent whales are getting out at the prices they originally got in. Weak hands.
People do want out, but most of these shares are still being bought up by existing shareholders averaging down their losses, not new investors.
Pretty good volume today due to existing shareholders averaging down their prior loses. Wait until there is an actual turnaround in sales/earnings first.
Why are there so many people trying to catch that falling knife?
As per Jerry's post on Stocktwit site:
Hogstar1
10/20/21, 02:32 AM
$RTON
"no worries on Delta 8 ban. We are ahead of them. New products already developed that are not Delta 8 and do the same . I also believe they will lose in court just like they did on smokable hemp."
Too early to sell.
People are just starting to chase after it now that we are getting closer to Q2 time, with high volumes becoming more prevalent. Look for Jerry to start up with the next wave of PR. Sitting pretty time.
That's capitulation talk. In the meantime, the PPS is flirting with a penny. Not a bad time to buy at the bottom and hold for a while. With the current decent earnings, and talk of spinning off the CBD portion, the sum of the parts is greater than the whole by far.
If they could just decide what kind of a company they want to focus on. And get the social media to reflect it better.
Now that we have a press release from ABTI, its more confusing than ever. Evidently someone (or persons) have been circulating misinformation resulting in the stock to crash? But there is no mention of who the party is, what was said, or why. Jeez.
Never mind the technicalities of day trading. What, if anything, caused the stock to plummet 72% yesterday and another 50% today?
If all anyone has to say is profit taking, then this so-called company is not worth following.
So does anyone know what happened?
Maybe so. But its nice to increase the odds of hitting by picking decent stocks in the first place.
Like a coiled snake that's long overdue. When it does make it's move, it will happen without warning.
Apparently MCOA had made some inroads into the Brazilian market thru legislation recently passed.
"Cannabidiol (CBD) oil can be sold only in Brazil to cannabis medical patients who receive a special control prescription from their physician, and must be renewed every 60 days."
Very restrictive use of CBD which will not reach the general public at large. But still a baby step in the right direction.
You are right. As the PPS drops, they simply get more shares to equal the $650,000 they are authorized to sell. However, as they continue to dilute, people will eventually start to figure things out.
Ultimately this golden goose has to stop laying eggs for them. Then they will fold up their tents and start up the next MJ company.
So now the original lock-up period between Eco Innovation and MCOA has been modified from 12 months to 6 months. Either company can start dumping $20,000 worth of the other's stock per week until the entire $650,000 swap is undone.
I wonder who is wanting to sell? Probably both parties.
I expect a large expansion of brick and mortar stores due to aggressive licensing agreements in 2022. Although Jerry has been quiet lately, he is just the type of flamboyant promoter to pull this off.
I see a positive P/E ratio soon due to the nice profit margins the stores are able to maintain, as seen in the last quarterly report.
I would use this lull in the MJ sector as an opportunity.
Very good news.
CEO Jerry announces in press release that RTON has produced record earnings for the recent quarter ending September 30. In addition, the stores are selling product even better than expected, and they are scouting for new brick-and-mortar locations.
As far as MJ investments go, this one will be akin to shooting fish in a barrel in the near future, as soon as people can shake off their apathy for all MJ stocks.
Its just a bag for transporting weed. That's all, Folks.
Today's filing will expand the current O/S another 5,000,000,000 shares so MCOA can get the 10 million dollars from White Lion. That will place the common share count around 12 Billion shares out of the A/S of 15 billion.
Obviously we are going to have that R/S in 2022. But exactly when is the question. Keep a close eye on the share count. It will be a cat and mouse game: O/S verses PPS.
At what point will it be prudent to bail out?
Evidently they are predicting the R/S will be occurring for MCOA next Thursday; to go from .003 to .056 in a single day.
No other way for that to happen, folks. Of course a real R/S would be much more than 1 for 19.
As seen on Twitter today:
Jerry Grisaffi (CEO): “Our margins have improved significantly, and this has made us very excited for the future. We believe that the next quarter, which ends September 30, 2021, could be the company’s biggest ever."
Nice. Usually companies run a bit in advance of the actual news. Not sure why this is being held back at this time. 0018 is a pretty low PPS considering what's ahead for us when the Quarterly report comes out around Nov 15.
Get in now so you don't have to chase it later?
Interesting day. Huge volume with no news. No one wants to be left out when this runs so everybody got in. When they realized today was a false start, things cooled off, but still decent.
When this does break on earnings/sales fundamentals already outlined by many sources, all hell is going to break to the upside.
That is why many eyes are watching this one. If you feel the bottom is in, why take chances and wait till the explosiveness leaves you chasing it? Next quarter report is mid-November.