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I hope it is soon ( before Feb) so we can get some sector hype and a better pop.
It's all in the hands of FINRA which needs to assign them a ticker symbol and the OTC market which needs to accept VitaCig for a listing. MCIG has little control over this. Their PR said they expect it to take 30 to 60 days (that was early November). Other sources have said 2 to six months. Consequently, it could happen at any time.
The opening price will be up to the Market Makers and supply and demand. A lot will probably depend on what kind of PR's we see before trading starts (whenever that will be). Consequently, no way to predict that at this time.
Is there anyway to track expected trading date? I've heard from a few that it can be anytime to another 2 months. What are your guys thoughts? Also, I think IPO pric will be .05. What do you guys think?
I'm going to buy more shares to. It will be a good year.
Looking to load up the truck on this one depending on ipo price. Powder is ready. What do you think it will IPO at?
Big Year coming up for vCig. Should start trading soon.
Looking forward to this year its going to be a great year!
That's the first time I've seen three to six months as an estimate. The PR from the company estimated 30 to 60 days which would put it on track to be trading sometime in January. Either way, the timing is out of the company's hands at this point. We just have to wait.
The PR's have indicated that LiqCig will be a subsidiary of MCIG, at least initially, however, I wouldn't rule out the possibility that it could be spun off at some point.
I doubt it will come to pass, but if it does, you can bet it will be another spin-off. The opportunity to sell stock in these spin-offs is a potentially, a very lucrative move for Paul and the boys. And the saga goes on.
Happy New Year to All Good People.
Will Vitacig own LiqCig, or will that be another spinoff?
That's a good question.
The newly formed public company, which is also a reporting company, must also have a symbol. To obtain the symbol, the company would have make an application to the NASD, which requires filling of Form 15c211. Only a market maker who is the member of the NASD can fill Form 15c211.
Although there are no stringent financial requirements to be listed on the OTC/BB, but NASD ensures that the company’s affairs are in order, and there are at least 40 to 50 shareholders and sufficient float before approving Form 15c211. The entire process takes about three to six months. Once, NASD approves Form 15c211, the company can have its securities quoted on the NASD OTC/BB.
I love there instagram pictures.
http://instagram.com/p/vuNj-8nYGe/?modal=true
I loved the companies newest plans. my favorate part.
"for the purpose of processing and distributing cannabis"
VCIG needs to get trading…..CEO knows-this CLOCK-is-ticking
"enhancing shareholder value" ……… this opportunity WONT last past mid-2015
mCig Forms Oregon Subsidiary, CannaProTech, LLC
BEVERLY HILLS, Calif., Dec. 29, 2014 (GLOBE NEWSWIRE) -- mCig®, Inc. (OTCBB:MCIG) ("mCig"), a technology company that owns, manufactures, and distributes the mCig®, VitaCig®, and Vapolution products, is pleased to announce that the Company has formed a 100%-owned subsidiary, CannaProTech, LLC., in the state of Oregon for the purpose of processing and distributing cannabis and derivatives, along with future expansion into recreational retail locations. CannaProTech will also assist in the development of the mCig+ line of products, which will provide mobile vaporization in applications for the delivery of cannabis plant derivatives (CBD).
mCig, Inc. and CannaProTech, LLC are nearing conclusive agreements with two reputable and long established Medical Marijuana growers in Oregon with large, productive organic cannabis farms. These agreements will allow for CannaProTech to directly obtain medical-grade cannabis for use in extractions, distribution, and retail sales.
In 2015, CannaProTech will rapidly expand and begin to process and extract cannabis, establish distribution agreements, and obtain retail locations. The company plans to work with several interested business owners that privately own agricultural, industrial, and retail properties located throughout Oregon, some of which are already working within the medical marijuana system currently in place across the state. CannaProTech LLC intends to apply and obtain multiple permits from the State of Oregon, including processing, distribution, and retail licenses for legal commercial cannabis sales in 2015.
"While examining current growing operations and distribution channels in legal marijuana states, mCig Inc. has been conducting extensive research to identify strategic entry points into the legal cannabis sector. CannaProTech will be a key division in the company as mCig Inc. moves toward the processing of plant material, manufacturing and distributing equipment used to process plant material, and incorporating cannabinoids into our product lines. Our experience in mobile vaporization and applications for the delivery of cannabis plant derivatives and molecules will be vital to the success of this initiative. We believe that our products and brand recognition provide us with a commercial opportunity to manufacture and distribute pre-packaged devices with various cannabis plant molecules such as CBD, THC, CBG, CBN, THCV, CBDV, CBDA, and others. After completing a few rounds of testing utilizing CBD and THC, these molecules have been successfully administered utilizing our vaporization technology, and are slated for a 2015 release." - Paul Rosenberg, CEO of mCig, Inc.
About mCig, Inc.
mCig, Inc. (MCIG) is a technology company focused on two long-term secular trends sweeping the globe: (1) The decriminalization and legalization of marijuana for medicinal or recreational purposes (2) The adoption of electronic vaporizing cigarettes (commonly known as "eCigs") by the world's 1.2 Billion smokers. The company manufactures and retails the mCig(R) -- the world's most affordable vaporizer priced at only $10. Designed in the USA -- the mCig(R) provides a superior smoking experience by heating plant material, waxes, and oils delivering a smoother inhalation experience. The company also owns Vapolution, Inc. which manufactures and retails home-use vaporizers such as the Vapolution 2.0. Through its 47% owned affiliate, VitaCig, Inc. the company manufactures and retails the VitaCig(R), a $5 nicotine-free eCig that delivers a water-vapor mixed with vitamins and natural flavors. The company believes that a well regulated marijuana industry is emerging as more states follow the lead of Washington and Colorado in legalizing marijuana. A similar trend is developing within the eCig industry following the first acquisition of an electronic cigarette brand (Blucigs) by a traditional tobacco company Lorillard Inc. for $135 million followed by another acquisition in February 2014 by Altria Group Inc. of Green Smoke for $150 million. Wells Fargo analyst Bonnie Herzog estimates that eCig sales may rise from $1 Billion in 2013 to $10 billion over the next three years.
mCig, Inc. (MCIG) has positioned itself as a first mover at the intersection of these two trends and hopes to create shareholder value by making the mCig(R) one of the leading choices for electronic consumption of plant material. - See more at: http://www.mcig.org/investors/investor-opportunity-subpage/
Safe Harbor Statement
Any statements contained in this press release that do not describe historical facts may constitute forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Any forward-looking statements contained herein are based on current expectations, but are subject to a number of risks and uncertainties. The factors that could cause actual future results to differ materially from current expectations include, but are not limited to, risks and uncertainties relating to the Company's ability to develop, market and sell products based on its technology; the expected benefits and efficacy of the Company's products and technology; the availability of substantial additional funding for the Company to continue its operations and to conduct research and development, and future product commercialization; and the Company's business, research, product development, regulatory approval, marketing and distribution plans and strategies.
CONTACT: Paul Rosenberg
CEO
1(310)402-6937
Source: GlobeNewswire (Dec 29, 2014 09:05:08 EST)
Love this as I hit my vcig. Its bumping man. Props to Sleek.
SomethingClever from the mcig board noticed a few days ago that the VitaCigs are now $7 each at the company's webs store @ www.vitacig.org.
You can get them for $6 each if you don't mind a mixture of flavors offered in the sample packs.
It seems safe to say that we should be hearing official news about this pretty soon.
I think that your right about them not wanting the % of VitaCig revenues to be known at this point. There is enough pressure on the MCIG stock price already. And what of Vapolution? I wish we were given more info about these things. Hopefully they will fill in the holes before VITA starts trading.
Have a great holiday, everyone!
I suspect it's because most of their marketing efforts during that quarter focused on VCIG so that they could tell a good story for the IPO. Consequently, the figures for MCIG are probably pretty low and they wouldn't want to call attention to them. MCIG 3.0 came out after the end of the quarter so its sales haven't yet shown up in the 10-Q. Hopefully, it will help make the current quarter's MCIG revenue respectable. They will also still be able to claim 47% of VCIG's revenue plus have about 250 million VCIG shares to claim as an asset.
I think MCIG's real growth will come from MCIG + and LiqCig sometime in 2015.
Any thoughts on why the 10Q did not breakdown revenues separately for mCigs and VitaCigs like the previous 10Q?
[t][/t]
For anyone who missed it on the MCIG board, Their financials came out last night...
MCIG 10-Q
Hoping to see good VITA numbers tomorrow.
You´re right.
Vitacig U.S.
Vitacig Southkorea
Vitacig Spain
Vitacig Germany
wow
What do you think? Your guess is as good as mine.
Vitacigmemphis. .com and .org are available....
http://shop.whois.com/domain-registration/index.php
anyone know what the opening pps will be once vcig is ready for trading?
Has anyone ever found websites for the facebook pages of Germany, Mexico, etc? I don't think they were ever set up. ???
Impressive.
"Im Jahr 2013 gab es in der deutschsprachigen Bevölkerung ab 14 Jahre rund 17,8 Millionen Personen, die Zigaretten mit Filter rauchten."
Means 17.8 million German speaking smokers in 2013. Age above 14, smoking filter cigarettes.
Very nice that we made it to Germany. Nice profit to.
Vitacig Memphis
https://www.facebook.com/vitacigmemphis
If I remember my German correctly, it says "We open in two weeks. Buy Now"
Vitacig Germany
The Germans knocked up some cool posters with a model.
$8.71 each after euro conversion. Nice markup. Must have nailed a deal with these guys
https://www.facebook.com/vitaciggermany
It would be great if there was an announcement of another Korean type of sale before or a few days after the first trading.
No it wasn't I never posted it but I had saved it to share with procan/matt, if you'd like I can send it to you through a message on twitter. I think the person who posted it only posted the link which we know has been taken down..makes you wonder if leaving it up for a limited period of time was intentional?
Someone had included it on an MCIG board post but I went back and looked and couldn't find it. Was that you?
I still have that picture but since they took it down I figure it'd be best to not post it up in the ibox.. maybe the one with the two girls? lol
Thanks for the welcome, les. And by golly you're right...they took it down. Humph!
Welcome aboard Pita. I was going to post the picture from the Hollywood VitaStik Kiosk showing Paul and some other guy (speculation was that it might be his dad) but it seems to have been taken down. Hmmm this guy must really like his privacy. At least we know he's real.
Dunno, some think he is in the Kiosk pic on facebook, vitastik.
Is there a pic of the ceo
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