Marijuana Company of America Inc (MCOA)

[sandman714]

The news shows some interesting positioning, but until they announce some crop yields the news to date is all fluff.
As far as management I personally have serious concerns with their competency. For example the former CFO who resigned and has no lock up on his stock. I take issue with the loan default to DTTO which they have no explanation and admit they are in default for $111k which with the way they dump stock could and should have been paid. Now they will incur legal fees as well as to what is owed and potentially damages. I have an issue with their failure to announce their being ripped off by Bougainville Venture and never announcing it and only disclosing it in the 10Q afterward. Yet the insiders dumped additional shares between knowing they were scammed and the release of the 10Q. So that sums up my feelings on management. I do not have a great deal of trust in them but again I trade this stock when the opportunities present themselves. Is there a shot for significant appreciation? If you are in at these levels and it can run to the .04's to .05's that is not too shabby a gain. Do I think IMO it can run higher ? 2+ billion shares makes that problematic not impossible but at the end of the day it comes down to crop yields and revenue not fluff news announcements.