The 4th quarter report is out. In a nutshell, the
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Posted On: 11/19/2019 8:24:33 PM
The 4th quarter report is out. In a nutshell, the cost of doing business far exceeds their overall sales. The company is cash poor. I did not see any mention or evidence of K&J Funds, LLC and their $10,000,000 White Knight funding through stock purchases (am I wrong about that- I don't think so).
The only thing seemingly available to the company at the moment is to issue more stock from the 5,000,000,000 shares available. Just when you thought the share price was near it's bottom, guess what?
With the preferred shares in place, all voting rights remain with the BOD. That may need to change if they expect someone to fund their operations. What else do they have to offer in return?
The only thing seemingly available to the company at the moment is to issue more stock from the 5,000,000,000 shares available. Just when you thought the share price was near it's bottom, guess what?
With the preferred shares in place, all voting rights remain with the BOD. That may need to change if they expect someone to fund their operations. What else do they have to offer in return?
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(0)Marijuana Company of America Inc. (MCOA) Stock Research Links
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