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I've received my orders... Don't think anyone is still waiting.
Huh? Thy look terrible. They only added 14M new users in Q1.
Told you. Called it.
$TWTR opens at $38 tomorrow. Book it.
Facebook’s Mobile Ad Network Is Called “Facebook Audience Network” And Here’s How It Works
http://techcrunch.com/2014/04/25/facebook-audience-network/
Going up now during the call.
The beat was priced in. You weren't the only to think they were going to beat. ;)
FB
You might not be but everyone who took this stock from sub-penny to where it's at today is.
I'm not an investor. I'm a trader. You're not giving enough credit to people having different ways of making money.
Duh... I know that. Read all my messages. I've been in since .0055, and rode the MJ pump. As I said, this will crash back down to around .0055-.01 when everyone realizes that "THC" drink isn't MJ.
I just see a crash coming when they announce no real MJ in the drinks
I've actually been holding since .0055
Thanks, I read the 8k
Yup, which is why I'm ready to dump before they come out and say that ;)
You got #wolfpacked -
Just the tip alert 100,000 buy of $vkml
— Jason Spatafora (@WolfOfWeedST) March 24, 2014
This is really really bad :(
They're doing a "THC" drink so all the marijuana pumpers jumped in.
Facebook Eats Away At Google's Share Of Mobile Ad Pie
Overall Revenues To Hit $31 Billion This Year, And Facebook Is Set To Claim Nearly A Quarter
Mobile advertising is swiftly becoming a two-horse race.
According to the latest eMarketer forecast, released on Wednesday morning, mobile ad spending worldwide grew by 105% in 2013 and is on pace to expand to $31.5 billion this year. And the two Internet giants, Google and Facebook, are increasingly taking the lion's share---the pair netted 67% of mobile ad revenues last year, up from 58% in 2012.
Today's report marks yet another adjustment from the research firm, as mobile ad dollars balloon far faster than expected. The final spending figure of $18 billion is nearly double the firm's estimates from just four months ago.
Much of the tweaking is due to Facebook, whose share of net revenues more than tripled, to 18%, in 2013, only its second year in the mobile ad business.
During 2014, Facebook is projected to claim 22% of all mobile ad bookings, with revenues of $6.82 billion. In December, 2012, eMarketer predicted the social network's 2014 mobile net revenues would barely topple $1 billion.
By the end of this year, Facebook will also be a majority mobile company. Its share of net revenues from mobile reached 45% last year, according to eMarketer's internal calculations. This year, it's projected to cross 63%.
The company's shift is largely following its users, who are steadily switching from desktop to phones. In 2013, Facebook's overall ad revenues tipped globally, with a majority coming from outside the U.S., and those users skew mobile. eMarketer also weighed prospective gains as Facebook begins cashing in on its popular Instagram platform, which inked its first ad agency deal, with Omnicom, for $100 million in early March.
Facebook has taken advantage of the rising price rates of mobile ads and learned to deploy them tactfully, said Martin Utreras, senior analyst, eMarketer. "They've been very careful in terms of providing a better measurement and not overwhelming users with the numbers of ads," he said. "That's paid off."
Despite the growth of its competitor, Google remains solidly in the lead, although its share is slipping. Like Facebook, Google's percentage of ad revenues from mobile is expected to climb; eMarketer predicts mobile will cover more than a third of the net digital revenues for the company this year, up from 23% in 2013.
http://adage.com/article/digital/facebook-claim-larger-share-surging-mobile-ad-revenues/292201/
Not true. Glass packs are $2. Not all orders have been for pens.
It hasn't been 60 days. They started selling in early November 2013.
Really? Prove it.
That's not was he was saying. He said "mCig" was synonymous with "eCig" which is simply not true. Whatever you say on this board is not "general" or known to the public. You guys live in a bubble on this board.
No one uses "mCig" as a general term for vaping. What are YOU smoking?
Did you see a dollar sign? I said 45k in sales/orders. How do I know this? Because I bought a product last week and I was order number ~45,000.
With only 45k sales... A bit ridiculous but I'll take it!
mCig, Inc. Achieves First Quarterly Profit in Corporate History
Press Release: mCig, Inc. – 18 hours ago
Third quarter financial results for the quarter ended January 31, 2014
Successful Launch and Rollout of mCig 2.0 -- World's Most Affordable Portable Vaporizer AKA (Herbal eCig)
First Profitable Quarter in Corporate History -- Adjusted Non-GAAP Net Income of $30,256*
Sales of $85,109 Reflect Only 24 Inventory Days Due to Chinese New Year and Overwhelming Demand
Significant Balance Sheet Improvement
Shareholder Equity Increase to $1,321,736 compared to negative ($210,087) for the quarter ended January 31, 2013
Debt, Financial Debt, and Interrelated Party Loans Reduced to Zero
Completion of Vapolution, Inc. Acquisitions Marking Entrance to Traditional Home-Use Vaporizers
BELLEVUE, Wash., March 17, 2014 (GLOBE NEWSWIRE) -- mCig, Inc. (MCIG) is pleased to report the results of its first operational quarter since launching the mCig 1.0 in November 15, 2013 and the mCig 2.0 on January 14, 2014. Due to a combination of factors including: Overwhelming demand for the mCig 1.0, the subsequent decision by management mid-quarter to halt 1.0 production in favor of fast-tracking production and launch of mCig 2.0, and the Chinese New Year affecting resupply of the mCig 2.0 following launch, management would like to qualify that all sales and income figures reported for the period ended January 31, 2014 reflect a total of just 24 inventory days:
10 Inventory Days for the mCig 1.0
14 Inventory Days for the mCig 2.0
Financial Results
Notwithstanding these supply issues, the company is pleased to report over $85,000 in revenue reflecting an increase of over 580% over the same quarter in 2013. Gross Profit was $54,474 reflecting a gross profit margin of 64%. Due to disciplined cost controls the company is pleased to report US GAAP Net Income of $10,804 reflecting a net income margin of 12.7%. *Non-GAAP Adjusted Net Income calculated by excluding non-cash items such as share-based compensation and amortization was $30,256 or 35.6% of revenues.
Significant Balance Sheet Improvement
Total Shareholder Equity rose to $1,321,736 from a shareholder deficiency of ($210,087) during the same quarter in 2013. Total debt has been retired with mCig carrying zero debt as January 31, 2014 down from $196,000 during the same quarter last year.
Management Commentary
Paul Rosenberg, Chairman and Chief Executive Officer:
"We are extremely happy to be reporting our first profitable quarter since inception. This historic profit was achieved only 10 days following the launch of the mCig 2.0. While the numbers reported today are modest in comparison to our current valuation, we wish to remind investors that all figures reported today for the 90 day period ending January 31, 2014 reflect only 24 inventory days with only 14 inventory days for the mCig 2.0 due to the combination of factors described above."
"Even with these slight setbacks, achieving US GAAP net income is an impressive accomplishment that eludes many great companies for years after their business has begun to monetize. I believe our ability to achieve profitability so early highlights both the secular growth in our sector as well as our disciplined approach in managing our inventory and selling, general, and administrative expenses (SG&A). This discipline we hope will make clear that we are focused on profitability and have no intention in running an unprofitable business. Moreover, it is my personal view that today's results highlight both the soundness and financial attractiveness of our 'asset-light' brand-focused business model with nearly 65% gross margins and over 35% adjusted net income margins."
"We believe that these figures are sustainable with little erosion as the business continues to scale in both Sales and SG&A. In fact, our internal modeling suggests that there exists room for margin improvement as we pre-purchase raw-materials for the production of the mCig over longer lead times. As our sales figures somewhat normalize, and we are able to best project long-term demand, we will be implementing such measures."
"With respect to margins, we are finding that our operating margin on each mCig sold amounts to roughly 49.9% due to a spread earned on shipping and handling (s&h). This spread ranges from 10% to as high as 20% of additional operating margin on single unit orders which represent over 50% of our total orders."
"As we prepare the business to be scaled up further and for retail/c-store distribution, we anticipate our operating margin will decline to roughly 30% per unit sold at an MSRP of $13-15 for the mCig at point of sale. This margin reduction is acceptable to management when weighed against the potential sales growth that may be achieved via these channels. The ability to reach customers immediately vs. a lead time via online orders will further strengthen our brand and increase awareness for our other business lines."
"In my view the single most important development this quarter was the continued strengthening of our balance sheet. By reducing debt to zero and increasing shareholder equity to $1,321,736, we find ourselves in the rare position amongst our peers of being profitable, and having no financial debt. This also means that we are uniquely positioned to capitalize from the upcoming VitaCig, Inc. dividend and listing with over 249,000,000 shares of VitaCig, Inc. to be included on our balance sheet in future financial quarters."
Mark Linkhorst, Chief Operating Officer
"I am very satisfied with our results this quarter. Clearly, our brand is achieving viral growth as we field orders from over 20 Countries and grow our client base into the thousands. For the upcoming quarter, our primary focus will be to improve our inventory supply management and reduce the time to delivery for online orders which is currently at an unacceptable 7-10 days. We thank all our patient customers for being loyal and supportive while we improve our ability to serve you and satisfy your demand for mCig products."
Vapolution, Inc. Acquisition Completed
This quarter saw the successful acquisition and consolidation of Vapolution, Inc. The two companies have already made significant progress in streamlining operations and capitalizing on synergies:
mCig Design Team has completed a total revamp and design of the Vapolution brand. This included a new logo and new website. We encourage investors and customers to view the new website here: www.Vapolution.com
The Vapolution payment and online cart systems have been upgraded allowing for higher optimization, reporting, and consolidation of results in future quarters.
VitaCig, Inc. Launch and S1 Filing On Track For April
We continue to advance VitaCig towards an initial product launch in mid April 2014. We are also confident that the VitaCig, Inc. S1 will be filed with the Securities & Exchange Commission no later than April 20, 2014.
CNBC Interview at Oaksterdam University March 26, 2014
mCig, Inc. is pleased to report that management along with Dale Sky Jones, Chancellor of Oaksterdam University are scheduled to be conducting an interview with Jane Wells of the financial news channel CNBC at the Oaksterdam Campus in Oakland, CA at 12:00 PM PDT on March 26, 2014. Management will be discussing the industry and demonstrating the mCig line of products including the mCig 2.0, Vapolution 2.0, and the VitaCig. mCig invites shareholders and customers to attend the interview and bring their mCig products for an on-air vaping session.
mCig C-Store and Retail Distribution
The company has received interest from several groups to initiate a retail/c-store distribution test for mCig. This test would be separate from the current WDR (Wholesaler Distributor Retailer) program which continues to grow independently and achieve new sales records and WDR relationships. Management intends to conduct a test run in 100-200 C-Stores following several weeks of successful inventory management and online fulfillment.
Guidance and Conference Call
We have received many enquiries from investors, independent sell-side research organizations, and institutional investors to incorporate the technology industry practice of issuing sales and unit guidance as well as quarterly conference calls. Management intends to initiate both sales and unit guidance as well as quarterly conference calls once the business trajectory achieves normalization. This policy may change and may be re-evaluated in future financial quarters.
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 -- the world's most affordable vaporizer priced at only $10. Designed in the USA -- the mCig 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 wholly owned subsidiary, VitaCig, Inc. the company is preparing to launch the VitaCig, a $2 nicotine-free eCig that delivers a water-vapor mixed with vitamins and organic flavors. See more at: http://www.mCig.org/, www.Vapolution.com, and www.VitaCig.org
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 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
(425)462-4219
Epic battle.
It actually wasn't that difficult of a play. Sell on the bill news -- market took about 30 minutes to react to it. Then watch for the bounce.
Just got out at 4.31 for $10k in profit just on the bounce.
Serious
Sold at $6, back in at 3.40
If you followed FNMA you would know this has happens at least 3 times before. Just DC playing games.
Huge buys on $3.32. +100k share buys.
Hit my stop loss. Only a small loss. No worries :)
Got in at 9.54. Thanks weak hands!
Doesn't make sense. My order was at 5pm EST and was #46567
What time is that in EST?
I just placed an order at 5pm EST today - #46567
191 orders in almost 48 hours. Seems to be slowing down a bit. Looks like it's around ~100 per day. Not bad, but definitely not as much as I would expect.
When did you buy?
I'm watching.