re: RTON is making a huge move today (Weed stock)

quote:

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RTON just tweeted this and deleted it five minutes later.

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If you had something that positive to say, why would you delete it five minutes later?

Would be right on brand with how their leaders seem to operate.

Just jumped to .004.

So much for not hitting .004 anytime soon

Can’t believe I could’ve gotten out with a profit on today of all days right after they missed their 10k filing target

I'm right there with you. Makes me hate this motherfricker even worse. I'll never check this ticker again after today but somebody explain how this greasy bastard is green knowing what we know

Idk but I’m chalking it up to “penny land”. Wondering if we expected too much being a sub penny stock. Not well versed or experienced in OTC stocks but is missing on 10k filing just par for the course for stocks trading at this level? They may continue to trade around these prices even without having their shite together at all, and still turn around and run once they do file & release some positive PR

Up to 0.0045

What pisses me off is all those couch potatoes on fb that were calling me a spaz are probably doing victory laps and mocking the shite outta me right now frick em

fricking assholes!

Item 3. Legal Proceedings



"We are currently in a dispute with a lender concerning the amount due it after conversion of a convertible debenture to common stock. In the future, we may not be able to resolve this dispute in an amount that the resources of the Company can meet or the amount of settlement could cause the Company to have serious cash flow issues. If this dispute leads to litigation the attorneys’ fees could be significant and the company may not have the resources to meet these attorneys’ fees."

Going Concern



"We have experienced recurring losses from operations and had an accumulated deficit of $13,661,579 as of March 31, 2020. To date, we have not been able to produce sufficient sales to become cash flow positive and profitable on a consistent basis. The success of our business plan during the next 12 months and beyond will be contingent upon generating sufficient revenue to cover our costs of operations and/or upon obtaining additional financing. If the Company raises additional funds through the issuance of equity, the percentage ownership of current shareholders could be reduced, and such securities might have rights, preferences or privileges senior to the rights, preferences and privileges of the Company’s common stock. Additional financing may not be available upon acceptable terms, or at all. If adequate funds are not available or are not available on acceptable terms, the Company may not be able to take advantage of prospective business endeavors or opportunities, which could significantly and materially restrict its future plans for developing its business and achieving commercial revenues. If the Company is unable to obtain the necessary capital, the Company may have to cease operations."

GOING CONCERN









The accompanying consolidated financial statements have been prepared assuming the Company will continue as a going concern, which contemplates, among other things, the realization of assets and satisfaction of liabilities in the normal course of business. For the year ended March 31, 2020, the Company had an accumulated deficit of approximately $13,662,000, had a net loss of approximately $3,475,000, and net cash used in operating activities of approximately $683,000, with approximately $329,000 revenue earned, and a lack of profitable operational history. These matters, among others, raise substantial doubt about the Company's ability to continue as a going concern.



F-11
Table of Contents






While the Company is attempting to generate greater revenues, the Company's cash position may not be significant enough to support the Company's daily operations. Management intends to raise additional funds by way of additional public and/or private offerings of its stock. Management believes that the actions presently being taken to further implement its business plan and generate revenues provide the opportunity for the Company to continue as a going concern. While the Company believes in the viability of its strategy to generate revenues and in its ability to raise additional funds, there can be no assurances to that effect. The ability of the Company to continue as a going concern is dependent upon the Company's ability to further implement its business plan and generate revenues.



The consolidated financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.