Replies to post #31442 on Marijuana Company of America Inc. (MCOA)

[kazekool]

That report sounds great and encouraging. The only thing that troubles me is that last paragraph. But, they did report great news today after this release.

But again that last paragraph troubles me a little.
Currently trading at a market capitalization of $88.6M, MCOA has virtually no reported cash on the books, which compares with virtually no total current liabilities. MCOA is pulling in trailing 12-month revenues of $15K. However, the company is seeing recent declines on the top line on a sequential quarterly basis, with revenues falling at -32.5% as of its latest reporting period. You can bet we will update this one again as new information comes into view.