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95 independent sales reps.
For the 9 months of the current fiscal year, the stock value of shares given to all employees was $1,412,869.
Divide that by 95 reps. and you find that each made $14,872 for their 9 months work. (On average) BS!
As usual, the timelines are confusing. Are the dates the dates? Or are the dates the fiscal quarters of MCIG? A lot of difference. Perhaps the IR dude will clarify.
That doesn't make any sense to me Les. Why wouldn't the shipments from China to where ever be made with the invoice from vtcq? A simple drop-ship arrangement. This is the normal way of handling the issue.
So instead, vtcq gets nothing out of the product sales. Priceless.
Well, vitastiks have been on the scene for about 1 year. Where is the revenue for vtcq?
I understand VTCQ has been providing vitastik product for about a year now and that the vitastik companies are killing it across the pond. Where the hell is the gross profit, or "royalties" from that segment of vtcq's business?
Bad smell here, for sure.
Hmmmm, it's called Russian Roulette, I think. Very dangerous tactic to hold into earnings report here. glta
Stated as 3rd parties.
Did you notice how many mcig traders are on the IRP program? rotfl
Dirty bidness around here!
Hmmm, correcto. My error. Date is Mar. 16.
Feb. had 28 days so I think it will be Mar. 17 or Mar. 22 w/extension.
Quarterly's are due 45 after close of quarter. A 5 day extension is available and Paul always uses it. gl
More smelly stuff from Paul, imo.
2 days ago, pntv pr'd they were leasing a 26k building for their grow option. mcig pr's they are putting up a new 26k building. What? Can't get their stories together, or Paul hijacked their pr for mcig's pr bs?
LAS VEGAS, NV--(Marketwired - Mar 8, 2016) - Player's Network, Inc. (OTC PINK: PNTV), a vertically integrated, diversified, fully reporting public company operating two complementary portfolios of Media and Medical Marijuana, announced today that it has signed a lease with the option to buy a 26,000 sq. foot building on 2.3 acres in North Las Vegas.
This new building replaces a previously considered building that had less expansion capacity. The leased building sits on a larger land parcel and has ample vertical clearance to allow for a second level, doubling long-term cultivation capacity. Expansion capability becomes increasingly important in the future given that Nevada is expected to pass recreational Marijuana on the 2016 Ballot Question, to go in effect in 2017. The building has already passed its zoning requirements and is scheduled to receive its special use permit on March 9th.
"Our new building is in a great location, affords us the structure to build a first-class facility, and gives us flexibility for the future," said Mark Bradley, CEO Players Network. "Our development team of experts and contracted designers are well underway and by utilizing an existing building we greatly shorten the timeline to being operational. Our intent is to utilize the latest in technology with the objective to design for efficiency, quality products and maximizing revenue."
Bradley added, "We are also very excited to announce that the entire process of building Green Leaf Farms is being filmed by our subsidiary, WeedTV, to be featured as part of a documentary series."
Source: Marketwired (March 8, 2016 - 6:30 AM EST)
The PNTV company is obviously a scam and apparently has been for years. It has no money, no revenue, and a ton of debt due to dilution over the years. (See financial statement) The Ihub forum on them his hoot as well.
Does not take much DD to see thru this bs company. This "deal" by Paul stinks to high heaven. What a joke.
"Birds of a feather flock together"
Dunno 'bout dat. There is no way that I can access what is the person's heart, but he wrote his opinion, just like folks do here on this site. Doubt is would be considered slanderous.
And btw, the person that hires the promo group to pump the stock most often has a motive to sell into the pump. This the world of mcig and vtcq. Sad, but rotflmao at the longs that think it is all good.
Yep, and like the common practice of someone hiring a promotional company, paying them thousands of dollars or millions of shares, to pump mcig or vtcq. The longs love it here in the gutter market called the OTC. It is truly amazing!
I have not seen a positive article that is positive, yet negative on some issues.
Perhaps, but is it any different lawwise, for another person that says he is long, and proceeds to write an article full of speculation on the company in an effort to assist in pps growth any different?
Shorting is legal.
What law did he violate?
It seems he doesn't need an excuse for anything he does or does not do. He is king of the hill of a penny stock start-up that hasn't had a solid biz plan, just hipe. Interestingly, he hasn't been able to walk away with millions of bucks, but often wonder if he makes money via the millions given to "consultants" and part-time staff. Who knows..........probably will never know.
The part of the article that should be concerning is:
After sending caution letters to various companies whose products were suspected to contain Cannabidiol (CBD), the U.S. Food and Drug Administration (FDA) is at it again with threats to close down cannabidiol companies. The warning was about marketing and selling unapproved drugs, activities that many botanical hemp extractors have been carrying out in all 50 states. The legality of these practices has caused havoc and has become a subject of great debate in the cannabis industry.
According to the FDA, these companies have been luring parents of terminally sick kids and cancer patients into the use of cannabidiol while promising them a 100% of legal oils in it. The FDA watered down these promises citing that CBD is not fundamentally legal hence it is not defined under the Federal Controlled Substances Act (the “CSA”). In any case, it is positioned as a Schedule I Controlled Substance, and it is not approved for any human use apart from the rare case of a drug trial.
This is a general statement of ALL companies selling CBD for consumption. You might want to worry at least a little.
I think that information points very strongly to the lack of of a solid foundation for mcig and vtcq in their business plan. Stockholders could wake one day and see both of these companies wiped out of business and worthless shells in the pink market. jmo
My question and the conversation is dumb, eh? Really?
On nicotine e-cigs, the market is flooded with them, and for that matter, I think the entire vape market is flooded with competitors. I don't see any upside for vita or mcig in these markets.
Do you see all other substances in ecigs, VTCQ pens and whatever is in them, CBD and THC having the same quality issues as nicotene is about to be ruled on in the same way? Big Brother is large and always looming, imo.
hmmm, it seems to me that that big investor isn't gonna buy in the market, but will either buy up to 60M of the remaining O/S of vtcq or some of mcig's 230m shares of vtcq. Either way, you can bet your last dollar that there will be a discount to the market of 40-50% and they will almost certainly be free trading shares...............
Same old penny stock procedure.
Of course, a trader doesn't care, it's just a dump the stock signal.
Hey Paul, both vtcq and mcig are in default with the NV domicile. Better get crackin'.
http://nvsos.gov/sosentitysearch/CorpSearch.aspx
9
Wow, sounds like it's time to start planning for the vtcq millionaires party in Las Vegas!!! We are all gonna get rich, baby! This is HUGE.
And to believe in the long-term future success of VTCQ. rotflmao
I think you are correct. I have always wondered just "who" all these millions of dollars of shares have been given to for service rendered.
Wouldn't ya love to see that list? The IRS "might" be interested as well. Something on that issue seems unreal. But hey, just a question I seem to pop up every few days. VTCQ, a pennystock start-up...they scare the heck outta me as almost all are scams. gltu and to all...
You obviously didn't understand WHY I posted the fact on VTCQ today. The bold and italics is the clue.
VTCQ DOWN 12.62% TODAY!!!
Huh? The trade, could have been a buy or sale by retail, went off. You think a MM was a crook on this trade? If so, a rigged game. Why play against a crooked house?
By the way, the daily report of shorts is not an indicator of abuse of the MM's ability to short to make the market. (Every have ownership of a stock in the grays? LOL).
20 min. after the bell, a report is made to show trades that did not get closed at that time for the day. T-3 is the only rule and the daily means nothing.
Maybe vtcq should trade on the grey sheets to make some happy. rotflmao
Bid and ask were still 4 and 4.5, seems the mm took the buy order from retail just to make the last sale of the day....it happened 2 other times during the day and not very uncommon. gltu
There are partial trades that happen too.