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Well, don't sell now. It appears we are getting close to capitulation time.
The political influences of new banking laws/legalization have become far more important to the speculators than current MCOA fundamentals, and Congress should start rearing back up soon.
Oddly enough, My advice is the same as the mindless stoners on Stocktwits: "$MCOA, Hold this Bish".
Is there an established average P/E ratio which a stock of MRMD's nature typically follows? Or does it widely vary depending on investor emotion for the sector? If so, who is to say its over or under priced?
In the end, a stock is only worth what someone is willing to pay for it.
The stock market seldom accommodates the majority of investors.
As a contrarian, I am a little concerned that everyone here is pinning their hopes of a rising RTON share price on "going current". If that is the case, don't be surprised if you are disappointed. Remember, "going current" is a minimum requirement that the SEC requires everyone to follow.
The missing 10Q quarterly reports do not tell us anything that we don't already know.
It will be measurable actual earnings and expansion which will make the difference. "Going current" is only a minimal catalyst to calm people's fears of being cast down to the Gray Market.
FYI, the next 10Q quarterly report is due on May 15.
Evidently Brazilian lawmakers are as inept as our own Congress. The bill to allow cannabis cultivation, processing, and sales in Brazil has been stalled out since last summer due to Covid 19 realities. MCOA's push for Brazil expansion is likewise stalled out until they can revise their laws.
"Brazilian law currently prohibits cannabis cultivation, processing, and sales. This restriction applies to both marijuana and industrial hemp. There is no distinction between hemp and marijuana. As a result, there is no specific legislation on industrial hemp. However, on August 18, 2020, draft legislation was introduced that would allow Brazilian farmers to grow cannabis for medical and industrial purposes on domestic soil for the first time has been submitted to the country’s lower house of Congress. The bill was delivered to the House of Deputies speaker by lawmakers Paulo Teixeira and Luciano Ducci, co-sponsors of the bill who sit on the chamber’s special commission for the regulation of medicinal cannabis. Action is pending on this legislation."
No dum-dum. Very few state dispensaries accept anything that ultimately makes its way into the federal banking system. Just look it up folks. The FDIC will not allow it.
Some states have created a State run proprietary system of their own, but not many.
The good news is we know the federal banking laws will soon be modified to legally handle the money from the MJ industry. Right now, its all cash and carry. If you walk into a legal THC cannabis dispensary, you can't even use a credit/debit card (its as if it were money laundering). You can't even use a bank/cashiers check!
When the banking laws change, the ease of availability will give everything credibility, and it will take off from there.
Well, once again MCOA trades sideways the entire session till the last half hour. Then the bid/ask spread widens & the stock turns downward on light trading at the close. Been there; done that.
As a contrarian, I like to see this manipulated action in advance of imminent news. The 10K should be coming out this week. Don't expect lots of earnings, but the Forward Guidance from the marketing team on Facebook/Twitter/Stocktwits will be interesting & the ECOX/CBGL/MCOA partnerships will be fleshed out better.
And who knows, Schumer & Gang may actually start to earn their salaries in Congress.
Lately we have already had our own share of partial M&A activity at MCOA. Not full mergers, but limited partnerships. CBGL & ECOX each owns 10% (?) of our company and we equally own them thru common stock swaps.
Some people here keep saying we are not a pure "MJ Company", when in fact we are more than just that.
Neither one of them has made any effort at all to get the MJ ball rolling. Its up to Booker, Schumer, et al to start chipping away at this, which they have both pledged to do so in the near future.
In the mean time we will just have to continue twisting in the wind for a little longer.
Jeez, its been like watching paint dry thruout all the MJ stocks. No volume at all anywhere. There is some trading, but no real commitment one way or the other.
Basement Joe is preoccupied with everything but MJ legislation. Its time for the others in his party to drag him kicking and screaming forward already. Kamala doesn't seem to do anything on her own in this regard; typical VP material.
Now that everyone understands what 1 and a half cents is, the important thing is twofold:
The angel debt holder got a good deal in current real time since the stock is worth only .0043 and;
Management placed a bottom on the stock value at 3 times what it is right now; which will be good for investor psychology going forward now.
The sooner the remaining 10Q's are released the better. The 2020 10K is no reflection of the current status of the company. Its too sparse with little to no mention of current product development/sales. It will just scare people off as a very minor player in the CBD space.
Most outside investors do not understand RTON nuances and potential when there are no filings available to trust. The PPS will be kept down at least for the next month (?) till the stop sign is removed. It is against the policy of the better brokerage firms to facilitate a market in a stock where the SEC places warnings against it.
All this makes for a good Pinky speculation at this time knowing the company will be current and all of 2021 developments will be released at once in the filings by May. Plan accordingly.
Thank you. I take it once the missing 10Q's are filed then the Pinky Stop Sign will be lifted as well, and this will take place before the June 10K filing?
Now that the latest Fiscal Year just ended on March 31, when are they going to release the 10K that everyone actually cares about?
This filing was for the Fiscal Year Ended March 31, 2020. That was a year ago. Jeez. When is the pinkie stop sign coming down? This company is going to need a lot of cheerleading quickly.
At least they released the 10K at a good time before the 3 day weekend and capitalized on the uptick trading 10 minutes into the close.
FYI, there are people who incessantly are worried about MCOA having another R/S and leaving us holding the bag. I don't think this is going to happen anytime soon. We have an OS of roughly 4.7 B shares, but only 1.1 B shares is actually in the public float. The rest (3.6 B) is held by non-toxic insiders and focused partnerships between ECOX and CBGL.
They are not going to reverse-split against themselves when they have the most to loose, not the public.
The trick is to know where the steady 50M share per week dilution is going- the public or to the partnerships IMO.
There is an excellent post on the official MCOA twitter site that just went up - a telephone response directly from the director of MCOA marketing to an investor. Its very specific as to what is currently being accomplished at the moment. Check it out, its worth a read.
Still edging up on low volume. It tells me people aren't yet believing this has legs. When they realize it does, we will see the real jump up closer to a 90 day average trading day.
It looks like the price has turned itself around once again. Back above .01 before you know it, then the joint MCOA/ECOX/CBGL news release, then the 10K. This little train is going to take off again.
I noticed that MCOA is now late on its yearly 10K filing and has filled for the customary 2 week extension.
"The Registrant could not complete the filing of its Annual Report on Form 10-K for the fiscal year ended December 31, 2020 due to a delay in obtaining and compiling information required to be included in its Form 10-K, which delay could not be eliminated by the Registrant without unreasonable effort and expense. In accordance with Rule 12b-25 of the Securities Exchange Act of 1934, the Registrant will file its Form 10-K no later than the fifteenth calendar day following the prescribed due date.
Oh well, its not the first time they did this. As long as we get it April 15(?)
Could be, but its seldom that all three of these stocks which make up the partnership go up the same percentage amount in tandem on the same day.
I noticed today the Dems are trying to publically show unity on the legalization vs decriminalization wording of the upcoming MJ bill. IMO they will end up getting their acts together after they shoot themselves in the foot a couple of times.
Maybe if one of the longtime bulls on this MB chimes in you will believe the true AS of over 5 billion shares. Anyone else want to take over this useless argument?
Both CBGL, ECOX, and MCOA all closed up around 10% each. Not a bad day- must be getting near the promised management news update we should be getting in roughly a week's time?
The TA is the transfer agent, who is assigned by RTON as per SEC requirements to keep an accurate account of the share structure. The share structure has just been recently adjusted in March- RTON had let that lapse as well as the financial reports. Still waiting on the financials. You are probably referring to old un-updated info courtesy of RTON.
RTON OTC Market Share Structure 03/29/2021
Outstanding Shares
5,261,244,194
Restricted
1,056,435,702
03/29/2021
Unrestricted
4,204,808,492
03/29/2021
Held at DTC
4,200,624,709
03/29/2021
https://www.otcmarkets.com/stock/RTON/security
Christ almighty. Now Joe Biden's REAL position is to decriminalize MJ, but not legalize it. What is the difference, you ask?
"The decriminalization of a drug would remove criminal penalties for possession and sale. However, when a drug is decriminalized, it still remains illegal in the eyes of the law, meaning offenders remain subject to fines or other civil punishments."
Slow Joe needs a reality check.
I saw this on stocktwits from the Friends of MCOA account:
"Great news! The White House affirmed its commitment to decriminalizing marijuana. They also stated President Joe Biden
supports Senate Leader Chuck Schumer efforts to advance his marijuana legalization this year".
I also noticed New Mexico is going to decriminalize MJ shortly as well. Pretty soon all the states will be tripping over each other to see who can get it done first. It only makes sense for the Govt. to get on board this movement as well.
The last time we had this kind of groundswell was right after the election, and everything MJ took off. Now its actually The Real Thing. Will things repeat themselves again- not the same, hopefully better.
Your still missing the money boat on MCOA. The ECOX patent for CBD extraction will be widely used and is a winner for us.
In the music industry, you have the labels that are the brains; and the talent that is the product. MCOA is destined to become one of the brains behind the talent/product.
Once again: "MCOA is a rapid growth conglomerate and industry leader involved in several facets of the global cannabis sector. The Company has repositioned itself from a development stage company to an aggressive M&A-focused company targeting revenue-producing, driven Cannabis Marketing Company."
To say that the "Marijuana Company of America" is not part of the MJ industry is ludicrous. Maybe un-American? LOL.
Well put. MCOA has been making good strides lately toward their goals, and will pay off for all concerned once a sense of normalcy comes back after the pandemic is past.
People will decide to make up for lost time socially and otherwise; the MJ industry will be hitting its stride legally about then for a perfect $$$ storm.
Between their CBD product line (hemSMART primarily), ECOX patents, and CBDL partnership I would say that they are very much a player in the MJ industry as a whole.
The upcoming MJ legalization will directly effect their business model as much as the company that sells joints to get high on.
Blaming the MM's for everything that goes wrong is like the ending of Casablanca- "round up the usual suspects". It's easy to blame them, but not necessarily true.
Fundamentals do matter. Earnings do matter. Companies that have no chance of progressing stay as pinkies.
Even with little stocks like RTON, sales still need to drive the price rise. People always catch on in the end and know a flim flam CEO when they see one. You can only dilute & reverse split for so long.
Lets see how this one shakes out.
Its already baked into the cake.
People have been hearing for a month straight on how well the Endo gummies and cigs are going to do (future tense). Everybody else has gummies and CBD cigs also.
People been hearing for a month straight on how the share price will skyrocket once RTON updates its financial statements. Not so fast boys- that is just expected procedure the SEC demands from everyone. Any pop may be short lived, unless the actual sales/earnings proportionally increase and they pay down their accumulated debt without share dilution. That is a big if that should not to be taken for granted.
It looks like MJ is finally going to be legalized in the State of New York in the very near future. This is going to be a big market mover which will help clear the way for national legalization.
TGGI has 12B. I am looking at a long shot where a patent infringement court case is taking place in the MJ sector, and the company which stands to win (HCMC) has 750 billion shares AS!!
Many of the pinkies have an AS of 12-15 B authorized. I find it interesting that whenever the Usual Suspects gather at once to try and drive the price down, its usually time to buy here.
There is a lot of converging news over the next 2 weeks regarding MCOA. You will need to be careful when it hits that you already have your position in place.
I looked at the twitter site regarding MCOA. Its basically a means of getting day-to-day investor concerns answered without having to wait for formal news releases.
In regards to the information mazuur brought to our attention; in a few weeks MCOA will be giving us detailed updates regarding our collaborations with both CBGL and ECOX. Nothing was mentioned regarding anything earth shattering, or people/companies being shuffled around, etc. Just a more comprehensive way of keeping investors updated.
Twitter seems to be a better way of communicating on a day-to-day basis than this message board, simply because MCOA marketing there is directly involved; and here all we have is Uby.
Just out of curiosity, what is the point of MCOA putting out an advance story like this in the public domain a few weeks ahead of time if it were bad news??
Very interesting- thanks for the rumor. I wouldn't automatically assume that this has a negative connotation. Considering the multiple collaborations we have lately made with ECOX and CBGL, a merger or consolidation of companies may be closer to the truth.
This doesn't seem to be setting up like just someone from MCOA leaving. This could be a bit of big news for us. We'll see.
Then again, it just might be a rumor only.
The fundamentals you are attributing to a good company are usually lost in the early stages of a pinky MJ stock trading sub penny with a multi-billion share AS.
Eventually people will recognize the company for its true value (assuming sales/earning grow). In the mean time, don't fall in love with it.
As it stands, just be thankful that after a full year and 3 months of missing quarterly filings its still trading on an exchange. And looks like it will continue to.
And don't forget, you don't have to buy at the bottom and sell at the top. Take out the 80% of the middle when its safer to do so.