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The only thing that means nothing is an Uninformed Opinion.
Does everyone realize the recent joint venture between MCOA and CBGL about the creation of a cannabis manufacturing plant in Lynwood, CA already exists thru the majority acquisition of NPE? Its just a matter of ramping up production at this point.
https://finance.yahoo.com/news/cannabis-global-establishes-plan-manufacture-120000448.html
https://newsfilter.io/a/77937639256c009f761fa70ddf9f12ab
Nice post. That should silence Uninformed Opinions for a bit. The recent joint venture with MCOA regarding the creation of a cannabis extraction lab is obviously alive and being fast tracked as we speak, not to mention new distribution outlets in Florida being created through the recent acquisition of cDistro.
MCOA/CBGL appears to be making the right moves. I am still curious as to the progress ECOX is making. Look for news on that front next?
Yawn. A good time to take a vacation. Maybe if we come back in the fall Congress will have accomplished something regarding MJ legislation.
In the meantime the MJ stocks are like watching paint dry. Just a slow twisting in the wind with low volume/interest. Even good individual company news doesn't seem to make a dent in things. Everybody is in a "show me actual earnings mode", and "future potential" got thrown under the bus.
Maybe; I think everyone is tired of Schumer saying the same thing over and over again. The want to see a vote brought up.
Have you ever seen so many "paint the tape" type low volume trades designed to influence the stock direction in your life? Jeez. A 100 share trade costs 60 cents.
The 6 million shares reported after the close did not have the customary "W" accompanying them- why?
Lately I am seeing so many individual states jumping onto the MJ legalization bandwagon in some form or another that its barely newsworthy anymore. Why is Congress so far behind at this stage?
Timing is everything. A string of bad luck due to market forces, etc. Look at today as an example. Great news announced, but on a day when the Nasdaq is down 350 points. Go figure.
Brazil is a strange country when it comes to MJ. For example, the Brazilian government still regards hemp as a form of cannabis. As such, it’s illegal to grow it in the country, and there is no industrial hemp industry there.
Yet CBD is legal and widely distributed. Go figure.
The Brazil legislature has been sitting on their version of a MJ legalization bill, similar to our Congress. Until then nothing will be done. Unfortunately, they do not have Covid 19 under control so things are delayed.
MCOA is concentrating on other adjacent countries in that hemisphere till Brazil is rerady.
Round up the usual suspects. Sometimes the obvious is ignored out of convenience.
There are simply more short term traders disappointed not getting the quick flip that they want and redeploying their money more effectively.
Good opportunity to load up while the price is artificially kept down.
And yet someone (MM's)? are trying their best to hold the price of MCOA down to the low 6's this morning.
So when will they let the price soar already?
Make that without continuing to bleed the shareholders. Its interesting how Jesus unloaded (?) his 20 million share bonus onto the market just before the release of 2 major announcements; as to not be profiting from insider information.
Nice to see.
Even more good news today! MCOA plans to acquire a CBD distributer in Florida. Maybe now we can get our product directly into the public domain.
https://finance.yahoo.com/news/marijuana-company-america-inc-signs-123000221.html
It is nice to see MCOA making good use of its partnerships with ECOX and CBGL. After all the false starts of the past, we can look forward to better times.
Now if we could just clean up the financing agreements without bleeding the shareholders.
Some good news. CBGL and MCOA have formed a joint venture to create a new cannabis extraction lab.
https://newsfilter.io/a/77937639256c009f761fa70ddf9f12ab
Another 12,000,000 sh worth of after hour reported "W" trades. Where did these come from now? How many different insiders do we have dumping? When will all of the remaining convertible shares be absorbed?
In Jesus's last recent interview he said we were just about done with this nonsense. He'd better be right.
Are you sure, it looks more like a dumpy box. Not at all like the other later photos I've seen.
The tweet/photo posted by the CEO is: https://twitter.com/EndoBrands/status/1380587583156015104/photo/1
The problem is he did not give a corresponding address in his tweet. I was able to find it about 2 weeks ago; it was the dump that I described for you. Now I can't find it. I was hoping with your self-described skills you could solve this mystery for us. As you can see, the entrance is very much downsized in scope.
Once again, the photographs attributed to the Dalrock Road ENDO retail shop and the photograph on the Twitter RTON website dating from the April 9 post (by the CEO) are of two different buildings.
The Dalrock Road retail shop (which you are referring to)is in a nice setting; the Twitter photograph(which I am referring to)looks like a POS in very poor surroundings. Capiche?
So what gives? Check out the RTON twitter photo & surroundings, if you know how to use Google maps.
Not the same one- compare the google photo of the Lakeview Plaza Endo shop with the posted photo dated April 9 by the CEO on RTON Twitter site. Night and day difference.
Nothing; especially if you have a tattoo saying "Born to Lose" on your forearm.
Another 10,000,000 share "W" trade, this timer recorded in real time at 15:38:11 of the trading day. The other shoe has dropped.
At least the MM recorded the transaction in real time so everyone could respond during trading- they must be reading our posts.
Now I like the idea of the Humbly Hemp Café and Bar offerings, that's what attracted me to this company in the first place; but the latest CBD warehouse shop does not have any atmosphere whatsoever.
Tell me if I am wrong, but google maps shows the location of this shop in a quasi-strip industrial warehouse setting off the beaten path, accessible by car only.
Not exactly a prestigious start to the chain. If you notice the photos released, the shop photo is always heavily edited to disregard the remaining warehouse strip buildings.
No foot traffic, and zoned for the wrong side of the tracks. How busy will they be? I dunno; but don't come up with names for your new boats just yet.
It was just made public, but when did he actually receive them. I guess there is just a 2 day window of prior notification to the public required by the SEC. It just seems like too much of a coincidence.
I see where a "W" withheld-till-market close trade went thru for exactly 10,000,000 sh. This is exactly half of Jesus 20,000,000 share bonus that he just received. Hmmm. Coincidence?
Apparently he is selling them immediately for the cash. We will know tomorrow (?) when the remaining 10M are sold? If he is selling, what message does that send?
Apparently Jesus gave himself a huge monthly raise, not to mention a 20,000,000 sh one-time bonus. Was this raise for efforts over the last 3 months, or for upcoming imminent results?
The only way he is going to soothe disappointed investors is by a major soon-to-be announced deal; one that actually brings in Real Earnings to offset his pending raise. We'll see.
MCOA is not on the list of companies under Caveat Emptor. Of course you already knew that.
Double sorry to those who kept slowly following it all the way down thinking: "I'll hold it for another day; it should turn around tomorrow".
Get educated. The last of the prior convertible share agreements with the hedgies are out of their lockup period and have been converting into the marketplace as share dilution.
It is not Management that is selling the shares to raise money; it is the noteholders that are cashing in as per prior agreement. MCOA does not have control over this, which is why they are no longer going to the hedgies anymore to raise money.
MCOA will now sell shares directly to the public as needed for expansion purposes.
Re-read my post #109552 from 02/05/21. I caught some flack at the time for not being a True Believer. I still stand by it.
No real volume or price movement. Symptomatic with MJ market as a whole. Cause: Democrats disorganized as to how to proceed with MJ legislation.
The Senate wants a comprehensive approach to legislation, when the House is trying to pass a single item; the Safe Banking Act. Result is stagnation and slow dropping of MJ stocks. The speculators have moved onto other things for the moment. As soon as Schumer can pull his head out of his you-know-what and figure out the next real step, the MJ market will explode upward again. No big mystery there.
The only big mystery at the moment is when MCOA will begin real sales of their products. In a few weeks will be 10Q time; maybe they will actually give us some useful Forward Guidance?
Look at the bright side. RTON is up 2500% from exactly 12 months ago- nice return on investment. How many people here can lay claim to that money? Judging by the lack of volume/interest lately; probably not too many.
Look at the bright side. Misery likes company; and judging by the other MJ stocks/declines, RTON is in the same basket as the rest of them. If anything its held up OK.
Judging by the disorganization in the Democratic Senate regarding MJ legislation scope and how to proceed, it would appear Schumer has shot himeself in the foot.
Hopefully, the 10Q's are coming out soon w/ full "stop sign" compliance or this one is on its way down to .0015.
Easy question and answer. The last of the prior convertible share agreements with the hedgies are out of any lockup period and have been converting into the marketplace as dilution. No big mystery there. According to the CEO, this is about over as the last of it is about fully absorbed.
After that, MCOA will just issue shares directly to the public on a more compatible schedule to allow company expansion & partnership when needed.
It appears 420 is a bit of a flop today. Even in spite of the Safe banking Act passing the house, no one seems to know when it will arrive to the Senate and in what sequence with other MJ related bills.
Now Schumer is talking about submitting wider sweeping MJ legislation- where does that leave the Safe Banking Act? Will it be absorbed into something else, and sent back to the house; or will it stand on its own for senate passage before anything else is attempted?
The Dow and Nasdaq have been reacting badly to their own unrelated concerns, and this is also effecting MJ across the board. No doubt Shorty will be taking advantage of the confusion to drive things down even more toward capitulation.
Obviously this is not going to be easy. The Market seldom accommodates the majority of MJ speculators who thought this was going to be "a no brainer".
Good. Up to now it has been impossible for MJ businesses to access the financial benefits the banking system offers everyone else. Now people will be able to get loans to expand their MJ business; as well as use all the electronic transfer benefits of credit cards, etc.
Cash and carry will be a thing of the past. As it stands right now, you have to hire a private security agency just to guard the daily proceeds at MJ dispensaries; there is no where to put the cash.
The prior $140,000 debt is still $140,000 debt, but under slightly more favorable terms for the company.
RTON pushed the convertible note maturity further into the future w/ 6% annual interest plus a $0.015 fixed conversion rate due this August. Considering the stock is presently at .0025/sh, the new noteholder is getting a sweet guaranteed deal, and is not contingent on the company doing well.
This gives RTON another 4 months to absorb the dilution. The question remains at what price will the stock be in August? 0.015/sh would put it at a 600% increase from today. Hmmm. I guess we will have to wait to see which party got the better end of the deal.
Nasty close with no support level yet. Better get those 10Q's rolling quickly.
Chuck Schumer needs to hold another press conference soon, or this baby is going to retrace 85% of its earlier gains.
Good turnaround with decent volume for the day. Evidently there is good support in the low .0060's.
I figure now that the smoke is starting to clear a bit from the 10K, management will re-start it's social media marketing campaign again.