Friday, September 30, 2016 2:22:25 PM
The delays, lack of communication to shareholders, continued equity financing of hefty expenditures/compensations plans and operations, lack of execution on innovative revenue steams, and preferred share conversion trends has had me looking for an exit. The recent short article also opened my eyes to the many capital structure and management transparency pitfalls. MCIG will take its sweet time to prove the financial trends and receive cash from operations, which I originally thought would have happened by this quarter.
Overall, I will continue to be watching MCIG and the board. I will be looking for a swing trade again, but will mostly based off sector demand, chart technicals, and PR hype.. Maybe the proven financial trends will come in time and I will be an investor again.
Happy to have exited on the intraday top today for +~20%
My buys where .0375/.031/.028 for .0302 average to .036 exit.
Special thanks to everyone who has provided informative MCIG Due Diligence here on the board:
@Lesgetrich @CashBowski @Perfectson @BubbaInSC @D_A_N_ @pitadog @GVInvestments, & anyone else that has assisted me with my investment, you know who you are!
GLTA,
Cash
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