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I think you misinterpreted my post. I basically said do not count on an large price jump when the financials are filed.
If you do, you will be disappointed when it doesn't happen. If a price jump does happen, it will likely be short lived, and you will also be disappointed. Then the MM's will drive it down on the short term, and everyone will get frustrated.
I wouldn't pin all my hopes for a price rise on getting all the filings current. If the price moves just a bit and stagnates, you will see much disappointment. The MM's will use this event and create for themselves an opportunity at your expense.
The missing 2020 10Q quarterly filings will not be made available for probably a good month or so from now. The SEC little red stop sign will continue to prohibit a good number of investors from buying the stock.
It could be a while before RTON gets the big pop everyone is taking for granted, especially since MJ legalization in Congress has stagnated.
In the meantime, the natives will continue to get restless.
My guess is MCOA will have a news release this week regarding the specifics of new CBGL cannabis products as part of joint venture.
I wonder if the ECOX patent will play a role??
I will give Ubi credit for one thing. When he says there will be a news release this week regarding MCOA, there will probably be one. He has a pretty good track record for this sort of thing.
Its a shame he doesn't know how to time the high and low points along the way though.
Actually, I just did a quick survey of hemp cigarettes. There are probably dozens of brands. When I do a search "best hemp cigarettes", I see in order the top 5 or 6- everyone seems to have a different list.
I have not seen Endo Tokes in any of these lists. Apparently they are still under the radar waiting to break out. Better make it quick.
What it means is tokes is still flying below the radar. The second it picks up any momentum will be the second the other hemp suppliers get into a rather simple process. Competition into smokable hemp cigarettes is easy to do at this point in time.
It will be a question of better business acumen, not the product itself. And there are many others who can do it better(?)
Be careful what you ask for, it might come true. Perhaps they should get successful in a more limited range, than extending themselves too far out before they are financially in better shape.
As it stands, they can't yet pay off their old predatory $140,000 loans. Throwing more ideas against the wall to see what sticks is most likely just a ploy to get the public shareholders talking.
Besides, there are a number of CBD companies in this market already, most of them with slow sales.
From todays news release:
"On the corporate side, we are looking to file our 10-K, which has been delayed, before the end of the month. After that, we're to catch up with the rest of our SEC filings."
In other words, the SEC little red stop sign for delinquent quarterly reports is going to stay up for a while?? Looks like trading volume in this is going to be lower than it should.
The stock is not moving because the daily volume has shrunk to only 20% of the 90 day average. There is obviously no buying interest at this time due to financial uncertainties.
The catching up of an entire year of missing quarterly reports is proving tricky for RTON, judging by the time it is taking to get current. They are waiting for the overall 10K annual report to be released? This is a cause of concern to investors pondering whether or not to invest.
In spite of seemingly good news on the horizon, there are these nagging concerns. Obviously the old mantras of "get in before it is too late" and "going to 1 dollar" and "you are going to end up chasing it" no longer work.
The lifted stop is worth waiting for, even at a slightly higher price. Only penny flippers have to buy at the absolute bottom.
Besides, when everyone is in agreement that the price can only go up once the financials are released, there is usually some disappointment. The traders who have been waiting to get out will do so and provide lower entry points.
Nothing goes straight up for long; don't pick names for your boat just yet.
Breaking the 52 week high of .0398 is very likely as soon as MJ market heats up again on the legal front With Congress. This does not even include improving fundamentals, partnerships, re-branding, Brazil, etc.
From today's MCOA 8K news:
MCOA’s investment in ECO Innovation centers on the company’s application for cannabidiol (CBD) and licensed marijuana extraction that utilizes a non-CO2 solvent to extract valuable bioactive compounds from plant-based materials to create a fluid output.
“This collaboration has the potential to advance MCOA’s leadership in the cannabis sector and provide innumerable opportunities to expand our business,” stated Jesus M. Quintero, CEO of MCOA. “We will first use the MCOA e-commerce platform to distribute and market Eco Innovation’s cutting-edge extraction platform, immediately expanding our offerings and market reach. Through this agreement, both companies are positioned to quickly identify and accelerate the development of new varieties of hemp-based products and to then distribute them worldwide.”
I couldn't help but notice PAO Group trying to get into the anxiety and depression market with initiating development of a new product.
"PAO Group, Inc. (USOTC: PAOG) today announced initiating the development of its new nutraceutical, RELAX-RX, targeting the anxiety and depression treatment market anticipated to reach a value of $18 billion by 2025."
They have absolutely nothing yet, and they manage a 39% pop on the news. This is the same market we already have a number of products which we are currently "re-branding" with our hempSmart website showing as much in the near future. HempSMART™ plans to roll-out the new branding and website in early March 2021 according to recent press release.
I hope our marketing department does a good job with this.
Multi-billion share A/S MJ pinkie companies are the norm, not the exception. This one will let you know in advance of a R/S by way of several quarterly reports. You need to wade past the R/S future possibilities and hone in on the present product success factor.
If you like the recently updated Mission Statement, product line, partnerships, and probability of upcoming potential sales once Covid 19 passes, then hold your nose in the present and dive into the future. If not, move on, because you're dead weight.
Don't put your life savings into any one of them, don't try to buy at the (absolute) bottom or sell at the (absolute) top.
I hope that answers your question. Capiche?
Once again, not a bad day. Good bounce back in a number of MJ stocks which were oversold; MCOA being one of them. The Covid 19 bill will be modified and passed within a week's time, and everyone can concentrate on other things. Hopefully MJ laws will be one of them.
The new stock swap seems to be taking hold. I don't think ECOX has any real developed products (just a rented office probably), but they do hold a patent for a better way of separating CBD from hemp. Its much the same way we separate caffeine from coffee/tea, but instead of using liquid CO2 they use another modified process that is better/more efficient. That's it, folks- doesn't sound like much on the surface, but everyone will want to switch over. Lets see what MCOA decides on doing with it.
A little bit more on the distribution of ECOX common stock:
Outstanding Shares
166,440,484
02/28/2021
Restricted
146,985,271
02/28/2021
Unrestricted
19,455,213
02/28/2021
Evidently they are counting on a small tide of public investors to raise the value of all the insider stock. Perfect pump and dump material, so be careful.
I noticed that the PPS of ECOX is up over 50% today. That's interesting, because when I dig into them on OTC.com, it appears for all intents and purposes they are a shell company. One thing that struck me as odd was Robert L. Hymers was listed as their "Consultant". He is the same person heavily involved on the boards of both MCOA and CBGL.
Hmm. The Master of Puppets has revealed himself again. Look at ECOX 2020 last quarterly report in September. Just a maize of created and shuffled stock.
It is also interesting that both MCOA and ECOX swapped stock amounts of equal $650,000 values. If one company's received stock falls below this $$ amount, the company who gave them the stock is obligated to give more stock to prop the $$ amount back up to the original $650,000 amount. Dangerous for one (or both) of the companies (?).
"Pay no attention to the man behind the curtain".
Nice rationalization. The fact is they need to push their bills off even further out because they do not generate sufficient sales to pay upcoming debt.
In other words, RTON borrowed $140,000 from Angel Peter to pay of Predator Paul. Its still a $140,000 debt.
"The Company is in the process, with it's accounts, to completing their 10K. In addition, The Company has now paid off 2 of their convertible debt holders with a new much more friendly lender for a total of $140,000."
You are right about that. Once again, the greater part of the MJ sector which experienced the greatest gains earlier are now giving them all back now. No matter the individual news, the public is rejecting it in a sell-off.
It will turn around just as quickly, but until then, fear/self preservation seems to be the order of the day.
Also an audio interview which our CEO explains in greater detail the synergies between our recent partnership:
"Quintero discusses how MCOA’s share exchange program with Cannabis Global Inc. (OTC: CBGL) has strengthened both companies’ balance sheets, as well as their ability to gain greater market traction and expand operations. That is just the beginning Quintero stresses, “It is more than just a share exchange. It is each company leveraging their core competencies to bring out the best for our shareholders. That is why I am so excited about the work we have launched with Eco Innovation Group, Inc. (OTC: ECOX), an innovative company aggregating investments in new technologies that promote environmental and social well-being, and the advancement of green energy solutions. We have strong synergies with ECOX and look forward to leveraging their recently acquired exclusive rights to a disruptive solution that holds the potential to upend traditional sourcing methods for extraction from medicinal plants and flowers for the holistic, cosmetics, and food markets.”
So, a 650 M stock swap partnership between ECOX and MCOA. Excellent news, as MCOA expands its sphere of influence within the MJ sector. It will be interesting to see how the product specifics take shape.
I currently see a number of low priced MJ stocks that are all falling dramatically at the same time at roughly the same percentage rates.
They also all rose dramatically on the initial MJ legalization exuberance.
Yes, MJ is in a downward spiral due to lack of real legislative news, lack of quality earnings, etc. This obviously includes RTON, which rose from .001 to .0095 in one week; and now has retraced over 60% of the move. The trend is not our friend at the moment.
Something is wrong with the TA outstanding share count you have shown. The 650 million share swap that CBGL owns has a 6 month restriction before it can be sold, yet it does not show up in your figures under restricted shares..
OTC.com has a verified profile on this company within 6 months. They appear to be up to date on their quarterly and yearly filings.
As such, there is no stop placed on this company. There should be no problem with opening/closing trades with a brokerage firm.
That is what I am waiting on- to get a better idea of their real fiscal condition; not the hyped-up Facebook/twitter version. In the meantime, RTON claims the required filing is essentially completed and will be filed any day now.
Or a P/E ratio of 12 (average for MJ sector last 5 years). With the excitement of legalization, this particular company could have a P/E ratio between 25 and 30 IMO.
If sales/expansion will be as brisk as everyone is saying, the price of a share can be substantial till calmer minds & gravity eventually takes hold, even with 4 B outstanding.
They still need to become a legitimate company and file with the SEC though. Till then, the better brokerage firms will not deal in them. News letters say that filing is imminent.
Fulfillment.com is a specialty high volume shipper on a world-wide basis that will customize its process to the company. A nice way to do things.
All we need is the orders in place. Now what is the plan, and how will it be "fulfilled".
Judging by the continued sell-off, shipping isn't the news people want to hear at the moment. Still another piece in place though.
Not surprising.
These so called "liberal politicians" will say anything to advance their careers. In the end , the majority of voters in our country will put their feet to the fire and get the passage of MJ legislation done- but it will be slower and in a piecemeal fashion at first.
Remember the last news press release regarding hempSmart rebranding itself to enter the anxiety and depression market?
As a reminder, hempSMART™ plans to roll-out the new branding thru increased advertising and website makeover in early March 2021. We are in early March now.
Perhaps we will develop a partnership with another player in that arena to quicken things along- this would be consistent with MCOA's Mission Statement going forward.
Lets see what kind of buzz this generates for us.
OK day- slight drop on little volume. Pretty much in line with what is going on with the rest of MJ sector at the moment.
Volume and interest has decreased quite a bit in the whole sector at the moment. Once congress gets past Covid 19 relief legislation we will be off to the races once more.
That's what I am waiting for- current financials so we can determine how much of their operation and expansion is self sustainable, and how much additional share creation will be needed.
Once the convertible debt is eliminated (by summer according to press release), they will most likely still need to create and sell shares directly to the public. This is always preferable to convertible debt to the hedgies, providing you have a waiting public willing to gobble them up (which we have apparently).
The 1200% increase in sales is a deceptive figure, and is not yet quantified, but it is a necessary step in the right direction.
Everything is headed in the right direction; the stock just got ahead of itself due to all the Facebook/twitter cheerleading.
Its been a while since we have had any "W" trades reported after the market close which typically signaled share dilution. We were typically getting 10% of the daily trade in dilution; and now nothing.
Is there a specific reason MCOA has stopped? I wonder what immediate fund raising goal has been met? Since, we aren't getting any yearly/quarterly reports till mid-May, I guess we will have to rely on 8K's and news filings for progress updates.
I'd say we are doing quite well today. After two days of large gains, and a huge market loss across the board today (including MJ stocks), we are only down about 4%. And on top of it there is no selling pressure at all (the volume is very low).
This is a nice set up for continued upside once the market psychology gets a grip on itself and the MJ news flows again.
Another nice day. Closed up near the day's high for close to a +25% day. This has been done lately on light daily volume just under the 90 day average.
Just wait until we start getting increased volume and it begins gapping again in the first trades of the morning. Showtime.
Nice day so far. Starting to re-trace our oversold condition. Should go back to the mid 02's or so by the end of week IMO.
Not a bad day.
I think the only MJ stock that showed a gain today was MCOA. It was due for a bounce after being beat down, but to do it over the last 2 days is especially good.
When management decides on letting the shareholders in on the specifics of the new product direction, and how it is going to proceed, we should take off nicely. I am still looking for a stock swap/buyout with another MJ company who has a foothold in the anxiety/depression market.
I don't see the prices firming up much in the MJ sector- except for MCOA. Evidently we are the momentum play at the moment. This might continue to work for us as we cannibalize the others.
Evidently the risk trade is off today.
The entire MJ sector which has experienced large gains is now retracing. The herd mentality has switched to preservation of profit until we can climb the Wall of Worry and resume upward again.
What will be the catalyst? For the sector; the realization that MJ legalization is again actively on the table.
For MCOA; specific news regarding new product direction.
Did everyone notice how bitcoin just took a tumble. Elon Musk privately took a impressively large position in it, publicly pumped it up, has a Billion dollar profit, and then publicly stated it was overpriced and due for a correction. It is unclear how much of it he has already sold, and how much is a paper profit. Does self-serving at the public expense come to mind?
His profit was more than his company makes selling cars in a year. Obviously Tesla is not what he does for a living. Anyone recall seeing his twitter/facebook "Doge" statement? Anyone care to guess what is going to happen with that?
All the suckers who follow charlatans are usually left holding the bag. I guess my point is be careful of self-serving forward -looking statements.