GL Phase II Delays MCIG Bad Engineering?
Post within past 24 hrs......lol. PNT* broke below support at 0.08 and peeked below 50 day MA. Death cross coming up? May see dead cat bounce here too before long weekend. https://investorshub.advfn.com/boards/read_msg.aspx?message_id=135185592
MCIG should also take blame for the delay, they are in charge of the build out and you have to have equipment ordered ahead of time not during the project. What a joke over a month delay for industrial AC units. Talk to you all in November when they announce approval of phase 2. Just hope for everyone we are not at .03 by then.
All their fundings failed.. They run out of money, and accepted all those toxic debts. Without dilutions and r/s, Pntv will file bankruftcy soon. JMHO
They went through a couple of failed fundings and now have the Kodiak deal with undisclosed terms.
I suspect they are facing a severe cash crunch and focusing on WeedTV because it's cheap and they at least know something about media.
But I wouldn't want to be holding this when the 10Q is released.
Ya I'm frustrated too. I don't think they were really trying to be Vegas celebrities. We don't know the hoops they have to go through to get phase two up and running. Maybe there is some people holding them back too. Idk I share your frustration. It will be a good investment but how do I redeem my 50% loss in the mean time? We have over 1000 plants that won't have much use. Just to turn them into mothers and have thousands of more clones. Plus they still have to figure out what strains they are good at and which ones they are getting rid of. It is a long investment. Hope I'm still in when things hit the fan. Glta hopefully tomarrow is better day.
I'm out, just dumped most my shares! Shoulda done it weeks ago