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Friday, April 24, 2015 10:18:07 PM
The regulation news is nothing new.
Articles are just "paid for investment ads" (note disclaimers - This article is meant to serve as a basis for an investment is not responsible for any investment losses.)
Our US taxes pay for the FDA and I highly doubt they would use their resources caring of products sold in other countries, especially products that haven't been approved here. There job is import safety for the US consumer.
A smoking cessation product? Korean laws may allow that kind of marketing there (snake oil salesmen must love Korea, if true!), I don't care. Calling it a "non-smoking" product may not even mean smoking cessation. Again, I don't care. Its the logo that caught my attention, because its a good thing to see next to a product.
What smacks as deceptive is that the US FDA logo is used, and ONLY in Korean adverts. Substantiating the conclusion is the non-appearance of the FDA logo with VitaCig product, anywhere else in the world (including all website/storefronts/product packaging).
Not so much a "smoking gun", perhaps just another deceptive tactic used to solicit investors.
I don't think the FDA would approve, nor would the SEC, if this were ever mentioned in a filing by VitaCig.
I'm still waiting to hear how the Korean words under the US FDA logo translate.
FDA-VitaCig-Korea-BS?
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