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I was talking about the pr referring to the delay in the 10K. Let's face it Les, we have no more information other than reason for 10K being late. It remains to be seen what is in it. I see no "big difference" here yet.
I hear you. You want to believe this is finally on the way up but this has happened almost every time a pr was released except maybe the last one or two. The scenario is always the same. Big increase in volume, bump in share price and then volume drops off over several days and share price ends up back where it was or lower. New money chases it and then they wonder what happened. I am not being negative here. It is easy for anyone to go back and look at the date of a pr and then check where the share price went several days later. I hope I am wrong but keep an eye on it.
I would be cautious at this point to chase this. Remember what happened after other pr's were released. We watched it sink back down again. Just my opinion though. Make your own decisions and GLTA.
I am willing. to take the wait and see stance here. Fair enough Les?
Jadite. Thank you for that.
JTFM I know you posted this before and I can't find it. What is the name of the firm that is handling the CVR's. Scottrade has no idea what I am talking about. Thanks.
Thanks Les. Still doing some more reading on that. Lots of conflicting information. How about your review on the EMJ?
Well, that didn't take long. LOL
Hey Pete. Hope all is well with you and your family. Nice car. Owned a lot of Mopars in my younger days.
Called Scottrade and the guy I spoke with had no idea what I was talking about. He didn't even know what a CVR was. He is doing research on it and then will call me back.
Thanks for that. At this point, it doesn't seem to have anything to do with what is going on now if some showed up in brokerage accounts back in May. Thanks again.
Does anyone remember what the date was to hold shares to be able to get cvr? And was it amount of shares that day or was it adjusted for split? I was out of this for awhile but was in for cvr. Nothing in Scottrade account.
Just to make sure that I am reading this wrong, I would ask anyone here to read this and tell me where you think this hemp is grown.
And you also don't find it odd that there is absolutely no mention of CBD on the package ingredient list?
So you say I am interpreting this statement totally wrong. No where does it say "certified for use", nor is the word "use" in the desciption at all.
This is the exact wording in the description on the Chill website.
From the desciption on website for EMJ.
Les Does it contain any CBD at all? Big difference between hemp oil and CBD oil. CBD, believe it or not, is only legal in 15 states. It is not legal in Pennsylvania, where I live. http://www.celebstoner.com/news/marijuana-news/2014/03/13/four-states-on-verge-of-passing-cbd-only-laws/. That being said, it is a slippery slope if Mcig ships to all 50 states, especially if they have CBD listed as an ingredient. Perhaps why it took much longer to get to market than originally thought. This is why people from my state have moved to MJ legal states to treat family members such as children with certain kinds of epilepsy. Once again, CBD is not legal in all 50 states.
I am not the expert on that. You will have to talk to Heed. LOL
Les, you know as well as I they could have commented to investors, making it public knowledge and thus fulfilling any SEC requirements, and more than that, making all these emails to them unnecessary. Why didn't they. You can't blame that on the auditing firm.
Well then, it looks like you and one other person bought today and drove price up to .0081. LOL
Would you care to speculate on a time frame for the filing?
Old news but hey, why not take a shot at it, aah? They need all the help they can get .
Again this is all speculation on your part. Is it a fair statement to say that you have not spoken with anyone at Mcig who would confirm this and this is purely your guess as to why they have not filed yet? That is pretty much a yes or no answer. You have accused other people of presenting statements like they are a fact. Please don't lower yourself to that level.
Thats right, big news this week. Should we mark that post Heed?
Oh the manipulation theory. That usually kicks in when there is absolutely nothing left to hold on to. You know, the " they are just bringing down the price so they can get cheap shares" or "they are trying to take out the stops". I have seen this mentioned on so many boards, I have lost count. In fact, there was a lot of that going on at CAFS and just looking now, looks like they are out of business. So ask them how that theory worked out.
Les. I have all ready said I do not know why the would delay it but I do not believe the auditor theory. A second rate auditing firm could get this tiny, tiny little company filed on time. Please enlighten me as to what you think can be so complicated about this filing. They have very little income, a handful of employees, and a virtual headquarters. I told you if you kept repeating this blame the auditor theory enough, people will start to think it is a fact. Truth be told, no one at Mcig told you or Heed that was the case. It is all speculation, period. What you say holds no more weight than what I say.
You just said yesterday this would never go sub-penny? What do you think caused that? I'm concerned. TIA.
I never said that. But I do not buy "it's the auditing firm's fault". There is another reason they are delaying the filing, and we will all find out sooner or later. So to answer your next question, I do not know the reason for the delay, but in my opinion, it has nothing to do with the auditor.
Just curious. What makes you think it will be out by a specific date like Sept.1? TIA
I believe he mentioned several times that he has his life savings invested here. If that is the case, I'm sure he feels bad enough.
The next thing you will hear in the near future if this continues and they do not file 10K is word of a class action lawsuit against them. They almost never hold up in court but if it is announced, it will drop share price more.
And yet another 52 week low today. Don't worry about management. They know exactly what they are doing. It is all part of the "Master Plan", but you are on a need to know basis here, and guess what, you don't need to know.
Yep. Forgot that one. Come on people, help us out here. I am getting old and can't remember everything. :)
Well that makes everyone feel a whole lot better.
I will list most of the excuses you will hear on this board for your concerns.
1. Don't worry about the extremely late 10K. This happens all the time and it is not Mcig's fault anyway. It is the inept auditing firm they are using. Do not be alarmed by this.
2. If they were to communicate about anything with investors, anything at all, this could really tip off the competition and give them an edge.
3. They are much to busy to take the time to worry about investor concerns, and this is good because this indicates how much effort they are putting into growing business and sales.
4. Mcig does not worry about day to day share price fluctuations. This means nothing to them because they know they are winners.
5. They have so much experience in the MJ industry. How could anyone question their methods.
6. With all the divisions and parterships, it can not be possible that they are not making any money. After all, they said so.
7. And how about all those worldwide retail Vitastik outlets. Come on, you don't think that's for real? They said it was, didn't they?
8. And how about that Maury Winnick? He is killing it. He is such a world class sales manager that he left a position where he had millions in sales to come to Mcig because it presented a challenge to him. I know, you say you never heard of the guy. Me either, but it must be true because I read it right here on this board.
I am sure that there is some of I have missed or there will be some new ones but that is all the time I have to spend on this tonight. Anyone, please feel free to add to the list.
It's not Mcig's fault. It's the auditing firm. LOL
Yeah ok. LOL