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Thank you. But do note this is only a forward looking statement from a general press release- they are not required to be accurate.
"All such forward-looking statements involve risk and uncertainties that could cause actual results to differ materially from any future results described by the forward-looking statements".
Always separate the wishful thinking from actual SEC filings. This particular "becoming current" statement came from the tail end of an unrelated general press release. While the general intention may be true, the actual result may be different.
State source please.
State source please.
State source please.
It looks like you may be right. People are starting to chase after it a bit.
Hurry up, or it will get away from you(?)
Not to worry. The Faithful can just go on Facebook/Twitter now and ask the CEO what to do.
I loaded today as well near the morning low. I like my odds of a turnaround based on actual ongoing MCOA news.
The company is not going to just announce a major product and mission statement change of direction without giving more specifics very soon.
In effect they can't make any new announcements on Facebook/twitter. Its just for public relation happy talk; to hold peoples hands and make them feel good.
In other words, anything important will be disseminated first thru official channels. Twitter/facebook will simply be used to spread what is already available.
As a matter of practicality, No one is going to use facebook/twitter as a primary source of information by first releasing a statement saying we will be making an announcement in the near future on twitter, of all places.
Don't get too excited just yet. The insider trading laws for CEO's regarding facebook/twitter are quite restrictive (Just ask Elon Musk when he claimed Tesla was going private). All comments will just be of the generalized cheerleader variety reinforcing already disseminated information.
Obviously it will be a one-sided love fest for the novice speculator to capitalize on. Will it work and help propel the PPS on a message board of this type?
Probably, from what I have seen.
This is what I think is going to be happening soon:
Another announcement which accelerates our entry into the 18 billion dollar anxiety and depression market.
A buyout/partnership which should have an instant effect on our PPS. It makes sense; the world is already filled with struggling CBD gummy/drink & cosmetic companies. MCOA has slowly (too slowly) come to realize this, and to their credit is reinventing themselves. Lets hope they get the combination right this time.
This is the main reason MCOA has been diluting us thru stock sales @ 10% of the daily volume- acquisitions.
Evidently MCOA is shifting its product line again in response to a CBD underserved area that is ripe for development.
The anxiety and depression market. But we are not alone, competition has been steadily building ahead of us.
https://finance.yahoo.com/news/paog-targets-18-billion-anxiety-140700160.html
Don't look for actual sales from us anytime soon, unless MCOA purchases a smaller company already with a foothold in this market. It would make sense, executed thru yet another stock swap similar to CBGL.
That's exactly correct. The actual short interest on these little pinky stocks is a very insignificant amount of the actual public float.
At very worst, there are individuals who disseminate negative info to try and hold down the cost of purchase till they themselves can get in at a favorable price.
And then there are those who lost big, and do not want anyone else to do well.
RTON is just another inexpensive MJ pinky subject to wild swings as legalization picks up steam. No hedgies here folks; stop creating imaginary scenarios.
Look at MariMed, Inc.(MRMD), a quality established MJ company with consistent earnings as licensed cannabis dispensary operators throughout the USA. They also have all the usual food/drink products as well that everyone seems to enjoy.
As every state legalizes, they continue to expand their dispensary operations. They are completely legit, state-by-state licensed, no shady filings, all an open book, and growing safely without the concern if someone is going to come up with a better tasting gummy.
If RTON could keep their filings current, they would. They can't, and they are using the pandemic as their excuse.
But you are wasting that concern on this MB. Those are concerns for long term investors. There are twitter/reddit traders here who are all thinking they will get out before any serious consequences.
When the music stops, there are never enough chairs left. In the meantime, enjoy the ride.
Kind of a confusing press release.
Their current HempSmart product line encompasses a wide variety of health care products. Are they keeping what they have, and this will be in addition to things? Obviously you can't convert a topical pain crème into something to deter suicide.
Are they going to drop what has not been selling, and reinvent themselves (once again)?
How does this effect the ongoing expansion into Brazil? Are they as equally concerned about mental depression? Will the rebranding be fine tuned for the individual marketplaces.
Questions, questions.
I figured this decline would have legs when everyone here said yesterday that buying now in the upper .0050's was a "no brainer" and "easy money". When sentiment is that lax, its usually time to take a breather.
I would like to add the following catch phrase: "Like shooting fish in a barrel- and Missing".
It appears to be another targeted decline, without substantive reasons. No news is bad news it seems, and MJ legalization is bogged down. Welcome to the pinkies.
The breadth and strength of conviction is currently low amongst MCOA shareholders due to a lack of actual real news. We are getting peripheral fluff pieces instead.
How are sales/product expansion in Europe and South America actually doing- evidently stagnant at this time(?)
Endo Delta 8 gummies have been for commercial sale for some time now. I have read reviews on the product dating a few months back. Go to their website and see.
This is just repackaged news for the uninitiated.
A retirement of shares or reverse split would have had a formal news release and filing. I did not see anything. Nothing on RTON website.
Just the usual twitter/novice speculator nonsense this board seems to entertain? It would have been released formally before market open; we would have known by now
I don't see the support level dropping to .0015- too low. There are too many novices trying to become instant millionaires in this stock (and pay off their student loans) who will continue to prop it up.
If the Emperor is called out as having no clothes, it will be because Management doesn't understand Business 101, and not from a product line failure.
All of the MJ stocks I follow seemed to go up 8-10% today. Just part of an overall cautious optimism I suppose. I'm looking for a continuation of this rise, if Congress could just move away from the Trump impeachment distraction, but they just don't seem to be able to.
Now they are going after Trump in the courts for the same charges the impeachment fiasco contained. The more they pursue this, the less likely the Republicans will cooperate on MJ legislation. Once again, there never seems to be any smooth sailing.
Someone posted earlier about RTON soon coming into filing compliance with the SEC; is this true? Does anyone have a reliable source we can see? Thanks in advance.
A cautious but smart approach. You don't have to drain every penny from a stock. Wait for the real turnaround, not just the initial trader's knee-jerk reaction.
"I never buy at the bottom, and I always sell to soon"
-Rothschild
Always be suspicious of situations where people tell you "buy before it is too late".
That's fine. Just make sure you have a good understanding of the risk to reward ratio with RTON. I doubt everyone here does.
And required updated financials are an important part.
The investor should always have the right to override the fiduciary. I agree with you. But in this case your particular brokerage probably could care less if you go belly up.
I say it is their responsibility to not offer products which are in direct conflict with SEC guidelines, or at least tell you that there are problems as in the case of RTON.
Usually the SEC gives a few quarters or so of grace period. A lot of the smaller Pinkies have been using the pandemic as an excuse for not reporting, and the SEC seems to have given them extended time.
I don't think their patience will last long now that the vaccines, etc. are here IMO. Especially since the better run companies have been on time.
All I have been trying to say is don't just pretend the problem does not exist. Contact management and find out what they have to say for themselves. It's your right to know. This is not bashing, nor am I trying to steal anyone's shares away.
Not so good advice, unless you are a speculator who just wants a quick trade.
Look up the phrase Fiduciary Responsibility: "Duty of loyalty implies that the fiduciary will always act in the best interests of the client". The better investment houses will not provide products if there are few means of checking the company's financial health.
It surprises me to see on this MB all the rationalizations for looking the other way.
Pray tell, what did Elon actually say?
Currently I see that spread as .018 to the downside and .032 to the upside as a buy/sell trading strategy; but as you say it is subject to change, especially with a stock like MCOA.
Now that impeachment is behind us, hopefully Congress will be less distracted and we can start to move forward again and break the upside resistant level.
I think the momentum will return again after a week of correction for most of the MJ stocks.
MRMD looks very tempting. I will shuffle a few things around in the meantime and see what I can scrounge up. I need to see what happens now in the near future; I think the MJ sell-off will subside since impeachment is out of the way and Congress can re-focus the country on Our business at hand.
Fair enough. Sorry I brought it up. It just struck me as odd that a promising company like this could be so derelict in their filings for so long. I just wanted to know why before I plunked down any money. Evidently no one here seems to mind as long as it is moving on the MJ euphoria.
Good luck in your future investing.
You're lack of concern is not helpful. For those of you on this board who actually want to invest as opposed to just pump and get out may want to think about this.
Don't forget, when the music stops, not everyone is going to find a chair. Enough said.
All publicly traded companies are required to keep their financial reports updated and submitted on a timely basis. The SEC gives the Pinkies grace periods, but eventually shuts them down and they go on the Gray Market.
Don't just ignore this, its not "normal accepted procedure".
Yes , I am aware of the SEC finally taking their jobs more seriously. If RTON does not get into disclosure compliance, the SEC will be prevent them from public trading on the Pinkies, and they will go onto the Gray Market.
Fair enough. I like their website also.
Now why can't they follow SEC disclosure rules as to their finances? Doesn't any of this seem amateurish to you. By appearances, it seems they are afraid to disclose their financial situation. What is the problem behind the scene that is causing these violations?
And when is the SEC going to come down on them beside just a STOP order? Its listed as "pink- no information"
Listen, when a major brokerage firm will not facilitate a market in a stock due to SEC irregularities, don't just look the other way.
Yes, but at what max price do you consider MCOA worth still buying into? If it doesn't come down to your old original price, will you just walk away? Surely you have something in mind that you won't go past; you can't hit a home run every time you know.
Congress can now move forward from the impeachment distraction. A number of smaller weed stocks have been falling into the definition of pump and dump.
MCOA is still significantly higher from our initial move, but is significantly lower than our recent high. Hopefully we will turn back around on both a combination of Brazil expansion news and MJ legislation.
Ha-ha; you're joking! How is this allowed to even trade? Do people here realize this?
Is this just a classic pump and dump with everyone willing to take their chance?
Question: When is RTON going to start filing the SEC required quarterly reports. There is a current STOP warning on OTC.com regarding their practice.
As a result, my brokerage firm will not allow their customers to purchase the stock, only sell it.
Does anyone have any further info on this?
Question: If it goes higher at the open and appears to have turned around, at what price will you stop chasing it?