Friday, July 01, 2016 1:40:52 PM
Fact The company has virtually zero debt. How many sector companies can make that claim?
Fact Paul has never sold any of his shares for profit nor converted any of his preferred shares.
Fact There has been minimal dilution (roughly 10% over three years).
Fact Expenses have been reduced exponentially over the past year (over 235%) and minimized going forward. The company is close to being profitable and is on track to turn a profit before the end of this year.
Fact Operations are now completely funded from revenues and they are currently operationally profitable.
Fact They had roughly $2 million in revenue last year (a 247% increase), almost exclusively from CBD.
Fact They now have three strong product lines, CBD, Construction, and VitaCig and will soon add a fourth in Rollies MJ cigarettes. This virtually guarantees that they will exponentially grow revenues going forward.
Fact They currently have 4 construction projects underway with as much as $9 million in their construction pipeline. All their contracts require payment up front with a fixed percentage of profit built in.
Fact VTCQ shareholders will have to wait for Malecon to release information but mCig is definitely in much better shape today.
Fact VitaCig currently has $3.95 million in minimum order quantity (MOQ) contracts over the next three years.
Fact Their agreement with Malecon provides for repayment of $95,000 owed to mCig by VTCQ and fixes their percentage of ownership of VTCQ at 10% even if VTCQ executes a split.
Fact Since their ownership share is less than 20% they now get to claim the market value of their VTCQ shares on their books as an asset. Previously, they could only book VTCQ profits which were negligible. Consequently, post split we should see a dramatic increase in mCig's book value.
Les
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