Thursday, September 03, 2015 11:23:02 PM
He did not dilute the existing shareholders after he purchased the shell. The first course of action for all P&Ds is to immediately issue a massive quantity of shares to the new owner diluting all other holders down to less than .01% and then reverse split to bring shares outstanding down and price up.
He has never cashed out even a single share. Despite having the price up over 80 cents.
He has repeatedly cancelled an equal amount of his own shares when issuing new shares of the company, resulting in zero net dilution of existing shareholders (until this year)
He has not taken on any debt. Most P&Ds "grow revs" by financing massive sales expansions via toxic debt and then cash out as price climbs but before the company tanks due to sales not sustaining debt repayment.
I honestly think he has seen OTC P&Ds and has tried very hard to stay clear of anything that might appear as if MCIG is one.
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