Marijuana Company of America Inc (MCOA)

[dcspka]

Unfortunately you are correct.

"You might be asking yourself why a company would issue shares with no par value. Corporations do this because it helps them avoid liability to stockholders should the stock price take a turn for the worse."

The fact that MCOA lowered their par value to zero shows they are anticipating the worst. This way the shareholders cannot redeem their shares for any money should the company go under.