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It is out of MCIG's hands, and in the
auditor's hands
We already had that. We did the Oscars, remember? We were going to be in every stars bag. NOT. I am no longer impressed with "Guru to the Stars".
Fair enough. GLTY
Really? There is no doubt in your mind about the fact that they did not file? I really can't figure out that does not cast doubt in some people's minds here. Like this is perfectly normal and it happens all the time. No, regardless of what anyone says here, it doesn't. If it doesn't cause any concern for you, try to be honest here, what will? How about if they don't file this week. Will you still feel the same way?
Les. We are now four days past when you said you would be concerned if they did not file. Are you no longer concerned? And then what would it take for you to be concerned? If they did not file next week? The week after next? Or would you rather not be pinned down to a timeframe here?
How about current revelent 10K filing that is now way overdue. Or is that an off topic discussion here?
Sorry Les. They have had more than enough time. Where is the statement they told you they were going to release? Do you really think they absolutely have no time to answer anybody's email? You are making it more complicated than it is. And what it is is all BS. This is the smallest of publicly traded companies. Do you really think the auditors have not handled anything more complicated than their filing. They do not respond to anyone. Not even a "this is why we haven't filed yet". If you really believe that, you are truly naïve. Ok, in your best estimate, how much more time should they be granted here?
Even I, Mr. negativity, as some here have told me, believed they would go the whole week without filing. Unbelievable! What if the issue is the new auditors saying "no way are these numbers right"? That is just as plausible as saying "this is just an accounting issue with the new auditing firm".
Les Mcig stock price has never followed the market. I don't think that is it.
Well there is always next week. LOL
if it helps at all, I am confident they will file the 10K by the end of the year.
I think they should have used the auditing firm they were using instead of going with a new one. At least they got it filed in the extension timeline.
I find it odd that Paul was confident enough with the numbers in May to say this, BEVERLY HILLS, CA--(Marketwired - May 7, 2015) - mCig, Inc. (OTCQB: MCIG), a leading provider of technologies and services for the legal medical and recreational marijuana industry, is proud to announce the completion of the best quarter in company history which ended April 30, 2015.
but just can not get this 10K done. Odd
That was all I needed to hear! I am all in! How could anyone present the facts any better than that? LOL
Does any realize we have flown missions to the Moon and returned to Earth faster than they can get this 10K out. This must be one complicated filing for such a tiny publicly traded company. LOL
Someone wanted $85.00 worth of Vtcq pretty bad this morning. Paid a 55% premium for them. LOL
If that is the case, and lets face it, that theory is also all speculation at this point, and Mcig delivered the numbers to them in plenty of time for them to do the audit, then of course there is nothing they can do. But every part of that theory is speculation, and you are already telling the story like this is what happened. After several days of hearing it, people will think that this is exactly what happened. I will say one thing, you are good at it and I think I mentioned once before that you should be Mcig's PR guy. :) GLTY Les.
Although you did say this in your post on 8/14 Les.
If we don't hear anything from them by Monday I'd be a little more concerned.
Tommy. All kidding aside, sometimes people forget where they are at here. This is the OTC, land where things are not always as they appear. GLTY
I am truly sorry. I did not realize you worked for them.
Or perhaps theories of auditing holdups, filling the heads of the hopeful.
I think there is just so much good news to release, they just couldn't squeeze it all in on time. I'm buying more! LOL
Why not buy now Tommy? Seems like there were a lot of whiny, needy, teary emotional investors willing to sell their shares to you at market open. LOL
Also Les, then how about this. Why don't they release a one paragraph statement to shareholders telling them what you just told me? How long did it take you to type that. No sir, not buying it.
Les I did not say they did not need to be audited by an independent firm. I said the sec does not audit the filing unless there is a complaint. I did say that it is not the auditing firms fault for failure to file. That falls on Paul. He is the one who filed the NT10-K, checked box B that indicates they would be able to file in the extended time frame and then failed to file. Come on Les, they had much, much more than enough time and now it looks like it is not happening today either. Sorry but unacceptable. Period.
You told me they would never see .02. Just saying. LOL.
I think I mentioned this before but that is what you said to me when I sold at .03.
I suspect there are a lot of people scrambling to try to find out what is happening here as there are a lot of people conspicuously missing here today. Perhaps they are on vacation. :)
Yes sir, you are correct, except you forgot to mention that the buyer paid the seller about 13% less than the ask, and there in lies the kicker, down we go! Let's hope we don't have a buyer for every seller like that to often.LOL
Somebody dumped over 1.3M shares shortly after market opened and it has hardly traded after that.
You are right Pita. But they have certainly had enough time to get it done. When I was refering to their CFO, whoever that might be, because I found two people that claim to be that, I was only saying that Paul is the one who filed the NT10-K and not their accountant.
See post#63212
10K still not out. Not sure but lots of selling.
Looks like people are bailing out.
Someone dumped a bunch at open. New 52 week low.
At this point this is what we all know. They did not file before 5:30pm last night or it would have posted on EDGAR within minutes. It did not. If they filed after 5:00pm but comleted the filing before 10:00pm last night, it will post on EDGAR at 6:00am this morning. That remains to be seen.
No, actually you are not. Your explanation is like saying because you went to your tax preparer at the last minute and they did not get your forms completed in time that then it would be their fault. Now you and I both know that is not true. It was your responsibility to get it completed. Mcig had more than enough time plus extra time and has yet to file. Why wouldn't they? That is what everyone has been asking for days now. How about this. One short statement to shareholders as to why they haven't filed yet. What could possibly prevent them from doing that. Les said he had a conversation with their public relations representative that confirmed they were preparing one? How long could that possibly take. So you see, there is one thing we both agree on, it doesn't make sense.
Wrong. Paul, not Charles Mathews, filed for Mcig. The SEC does not even audit the filing, unless they receive complaints about it. But you are required to file on time. If they do not, the blame lies with the company, not with some independent accounting firm. People would have everyone believe that this is a very complicated filing. But as small as this company is, with next to no employees, income, etc, it is about as simple as it gets for a publicly held company. People who own large private businneses could easily have a much harder time just filing their federal taxes. No, the blame lies solely with Mcig here.
Not normally if you fill out NT10-K form correctly. It appears Paul did not. He probably should have left Charles Mathews file it. After all, isn't that what they pay him for. Anyway, in part 2 of the form, instructions specifically say you are not to check box B, indicating that you will file within the 15 calendar day extension, if you are not going to be able to file. Paul checked that box. Now, not only did you file for a 15 day extension, but you specifically agreed to file in that extended time frame and they did not. It is up to the SEC now to determine if it was intentional or just not knowing what they were doing.
Lets just say it gets more complicated from here.