Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Yeah, I did about the same. You'd be greedy not to take some money off the table on a single day + 40% gain.
" I never buy at the bottom, and I always sell too early"
- Rothschild
MCOA- Time to smile.
https://stocktwits.com/obxlife2020/message/338802823
Ha,Ha Uby- you never give up. It is running very quickly all at once. All the signs of a short 2 day event for nimble traders? Right now its acting like its the best (and only) MJ stock of the day to get into.
This stock is on a tear, but for how long before it settles down and gets stable? I bet it retraces a bit and then continues up next week. A good opportunity for a nimble person to benefit.
Me- I'm just trying to build a position using other people's money. Thanks everyone for your support.
The news is quite simple- skyrocketing assets, increased cash flow, quality partnerships established, MJ legalization on horizon.
People have been a little skeptical to respond to all the obvious signs of an imminent PPS explosion, but they are beginning to see both the short term & longer term implications.
With 4 quarters of steady growth, increased actual earnings, and MJ legalization look for more than .05 in 2021.
Yes, and the missing piece to the puzzle will be the inclusion of sales in the next quarterly report due mid August. Due to the acquisition of cDistro, we will be seeing a minimum of $150,000 per month of gross revenue. Also the new Lynwood lab for manufacturing will be fully operational for new THC-A products.
IMO it's looking better than it ever has, folks. We will be leaving this sub-penny nonsense behind for good now, especially with legalization around the corner.
Yes-looking much better. The main two takeaways from the latest quarterly report:
Main Highlights from the Quarter Ended March 31, 2021:
- Current assets grew to $1,738,978 as of March 31, 2021 compared to $537,593 at December 31, 2020, representing a dramatic 223% increase in only three months.
- Cash at end of first quarter 2021 was $639,983 as compared to $55,251 at the end of December 31, 2020, providing the company with more funds for acquisitions and operations.
We are on track.
Hopefully you are right. However, it is the indecision of not knowing which way things will go that adds to the decline.
The Governor of Texas is a pretty powerful influence.
Nice catch. It helps explain the behind-the-scene politics which have been part of RTON's recent decline. Even if MJ is legalized on the national level, individual states will still attempt to find ways of tweaking things. Nothing seems to go smoothly in regards to the MJ Movement; its all hard fought for.
More on the cDistro purchase:
".....all of the membership interests of cDistro were exchanged for shares of common stock of MCOA, resulting in cDistro becoming a wholly owned subsidiary of MCOA."
"This acquisition is significant for MCOA, as it further positions us to take advantage of immediate revenue and a huge opportunity to establish significant market share in the specialty distribution space"
"Ronald Russo, President of cDistro stated, "This acquisition is highly synergistic and will bring our national distribution to the next level. We anticipate that with funding, we could quickly become one of the largest distributors of products infused with CBD and hemp in North America.... in a short period of time"
MCOA's bottom line revenue projections should increase exponentially for next quarterly report in August.
Someone had an interesting observation on Twitter:
"$MCOA aqquires cDistro. cDistro currently generates approximately $150,000 per-month in gross revenues [1.8 million] with generous margins, which will be included in MCOA's consolidated financial statements."
Looks like MCOA's bottom line will be jumping up significantly on the next quarterly report to be issued in mid-August. Get into position for it.
MCOA has now acquired Florida based distributer cDistro as per letter of intent. They are moving rather quickly now- its nice to see their intensity.
Of course this means further creation of shares. This is why small businesses incorporate themselves in the first place; to raise money through share creation till earnings can stand on their own. The New Team is intent on delivering the goods.
https://conferencecalltranscripts.com/summary/?id=223132&pr=true
Another MCOA press release regarding the CBGL/MCOA Lynwood Lab collaboration:
"One of our top priorities at the new laboratory is to produce a crystalline form of THC-A called "Diamonds" to be sold into the wholesale and retail markets and for use on our own branded products," commented Arman Tabatabaei, CEO of Cannabis Global. "Production of cannabis Diamonds, which is often called Diamond Mining within the cannabis industry, is highly specialized requiring not only specific licensing and permitting but also state-of-the-art extraction equipment and specialized scientific personnel. With our funding now secure and the technical talent in place, we are now moving quickly to turn up operations."
This just may be the Home Run MCOA has been looking for. Jesus's present salary will look very tiny after this is commercialized.
Sounds like Jerry is getting ready to pay off the $140,000 loan?
Not a good sign. I hope they can at least replenish what small amount of product they are actually selling to the public, or they will turn elsewhere. Perhaps they are now switching all manufacturing to the Lynwood facility in California as per recent press release.
CBD products are not exactly a rare commodity these days.
Evidently the lack of legislation for MJ stocks has hurt MCOA along with most companies in this sector. However, this was no time for Jesus to have given himself a raise to $60,000 per quarter when corresponding sales are only half his salary.
Bad move- lets see if he redeems himself with actual results, not just "good plans in the works". The full court press is on; can he still drive to the hoop?
Wow- no posts in over 2 days. No volume, no interest on social media, and the stock is drifting below the intraday price of .002.
Investors have soured on the CEO since his financial records are taking an extra month or so for SEC compliance. Are they a mess? Jerry, time to put the bong down and tidy up the house a bit.
On the bright side- contrarians like these situations to load up.
On the negative side- Jerry is giving us too many of these situations to work with lately.
Yes, I agree. But my point is you will have to prove who you are-the scam or the legit business with a real product as claimed.
The FDA website pertaining to CBD products is full of unproven claim concerns. Their concerns have still not been answered. They will be cracking down. You will see.
https://www.fda.gov/consumers/consumer-updates/what-you-need-know-and-what-were-working-find-out-about-products-containing-cannabis-or-cannabis
https://www.fda.gov/news-events/press-announcements/fda-warns-companies-illegally-selling-over-counter-cbd-products-pain-relief
Sounds like a waste of money. You do know that when MJ legalization occurs, one of the by-products will be a tightening by the FDA as to actual CBD product claims. The companies will have to demonstrate the results they claim to have.
This will end up pulling a lot of the current CBD products off the market, much like the snake-oil salesman of the past.
Quite a collapse in price this morning- 41% down on heavier volume. What is accounting for it. Thanks in advance.
Well, the quarterly report is out. Very predictable.
MCOA sold about 1.1 billion shares of stock to the public for $695,000
MCOA increased it outstanding share count to just under 4.8 billion shares
MCOA had sales of about $37,000 for a profit of roughly $9,000
All of the recent joint partnerships took place after this report and are not factored in. We can expect a turn around the later part of this year as partnerships gain traction and MJ legalization takes hold.
Uh-Oh.
The Securities and Exchange Commission (SEC) recently adopted amendments to SEC Rule 15c2-11 governing the submission and publication of OTC quotations. These amendments will prohibit broker-dealers from submitting or publicly disseminating bid/ask quotations for OTC securities of issuers that do not meet enhanced information filing requirements.
What these changes mean for you
Starting September 28, 2021, you will no longer be able to buy or sell “Pink No Information” OTC securities through E*TRADE. Other restrictions related to the purchase of these securities may apply sooner.
While several brokerage houses already forbid the purchase of RTON, you have always been allowed to close out the position. With the new rules, you wont be able to do either.
Hurry up Mr. CEO.
Why did it go down on stellar financials? Round up the usual suspects. Perhaps the shareholders simply bought on the rumor, and sold on the news in a lackluster MJ market. No big conspiracy here, folks.
Just lack of passible MJ legalization bills in Congress. There are both Republican and Democrat versions to be introduced in both the Senate and the House.
It will take another 6 months before everything can be reconciled and negotiated to something that can be passed. In the meantime watch your MJ money slowly shrink?
Everyone is entitled to an opinion. However, those opinions which are based on something more substantial than gut feelings are the ones that count in the investment world.
You can say that about any of the hundreds of little CBD companies that are/will pop up. Stick to the facts, not your emotions.
They all have CEO's that are promoters of their small businesses thru social media now, with the usual compliment of drones posting 24/7 on them for a profitable trade. Unreliable.
The quarter ended before the Transfer Agent posted my figures of 5/17/21.
As of yesterday (according to the Transfer Agent on OTC.com), there were 4,856,957,259 outstanding shares (OS), of which 1,197,595,010 of this OS was in the public float.
That is a far cry from your incorrect assumption.
Wow, you are by far their largest public shareholder. You must have well over $300,000 in this.
Careful, penny stocks are the best way I know to turn $100,000 into $10,000 (and visa versa). Good luck to all of us.
I believe its just a 5 day extension- should get the report next Monday. No big surprise, they have never filed a quarterly report on time that I can remember.
The other consistency is that the PPS usually falls right after the report; people are tired of only hearing about debt reduction. We want sales already.
I wouldn't buy more shares ahead of the report. Wait on it (just my luck it will be the one time the pattern is broken).
If there were news, the CEO would put it out there on Twitter, etc. Things are in a lull, and coming into compliance is taking longer for this company. Given the track record of being more than a year out of compliance, Our CEO is not exactly a model of financial precision. Just be thankful the SEC allows it to trade.
A watched kettle never boils.
If I'm not mistaken, isn't the Quarterly Report due after the close today? Its been 45 days now since the quarter ended.
If so, you would think Management would at least remind the shareholders on social media if nothing more. Hmmm.
The CEO is content to using social media to get out his message free of charge until RTON has all filings up to date. Then he will make his move.
In the meantime, the $140,000 fixed conversion rate at .015 plus 6% annual interest is coming up quickly in August. Uh-Oh. If the stock doesn't reach that price by then, is our CEO in deep doo-doo?
If and when CBGL gets patent approval on its radically new CBD technology, look for The Home Run MCOA investors have been hoping for.
"The Company (CBGL) has an actively growing portfolio of intellectual property having filed six patents in the areas of cannabinoid delivery systems and cannabinoid polymeric nanoparticles. The Company markets its consumer products under the Hemp You Can Feel™ brand name (MCOA). "
"Cannabis Global launched its Project Varin early in 2020, to develop new delivery methods for rare cannabinoid Tetrahydrocannabivarin (THV-C) and to develop products based on this cannabinoid."
Jeez UBY, chill out already. Everyone knows you don't like MCOA.
So, how did the Gender Reassignment surgery go?
The terms of New cannabis lab joint venture between CBGL and MCOA at the Lynwood, CA facility is becoming more clear.
https://stocktwits.com/Newsfilter/message/329620465
And now two Republican congressmen have introduced their own MJ legalization bill into the House.
And the Democrats (Jerry Nadler) are going to introduce their own MJ legalization bill into the House.
And the Democrats (Chuckie Schumer) are going to introduce their own MJ legalization bill into the Senate.
These morons are going to trip over each other for the next 6 months straightening this mess out into something they can actually vote on and pass.
Look for the other shoe to fall- MCOA is soon to deliver on its promise of eliminating its convertible debt as well.
Apparently the entire MJ sector is getting impatient with Schumer & Company. Our lawmakers are completely devoting their resources toward other legislative matters, and will for some time to come.
MJ legislation is just a distraction at this point in time. They will continue to put out MJ tweets so people don't become to frustrated, but that's about it.
Will MJ stocks continue to tumble? What is the support level for MCOA; what should it be? Company fundamentals appear to be secondary at this point, and it will be months before any legislation will happen. Keep your powder dry. The people who bought in a good entry point just yesterday are second guessing themselves now.
All 4 companies- MCOA, CBGL, NPE, and ECOX cross collaborate the new cannabis laboratory. Perhaps you are the one with the deception problem.