So at a time when MCOA does not have adequate cash
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Posted On: 12/09/2019 1:10:34 PM
So at a time when MCOA does not have adequate cash to operate, they are leaving us with a vision of "buying distressed cannabis companies" to realize their dream of a "fully vertical integrated company". This is according to the New Guy who has stepped in to run things.
Someone needs to tell him that MCOA is a "distressed cannabis company" itself. Maybe someone will step in and buy our company.
In the meantime, At least he is a financial guy, which is what we need the most right now. He needs to figure out how to attract investment money without diluting us out of existence. I think the company has definite ideas on that one; hopefully the ex-CEO didn't just up and quit without carefully considering the short term consequences. Or did he.
Someone needs to tell him that MCOA is a "distressed cannabis company" itself. Maybe someone will step in and buy our company.
In the meantime, At least he is a financial guy, which is what we need the most right now. He needs to figure out how to attract investment money without diluting us out of existence. I think the company has definite ideas on that one; hopefully the ex-CEO didn't just up and quit without carefully considering the short term consequences. Or did he.
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