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"Have some correspondence from him which I may share later."
Please do share!
Clearly you haven't seen their latest 10k or listened to the conf call. There already has been massive dilution from converts and the blum dispensary deal diluted by 40%. But if you look deeper, their convertible debt days are over. With Blum now operating for-profit and generating 18MM in revs + their 4 Nevada dispensaries opening this year, TRTC does not have any revenue problems. Can't say the same for MCIG or VTCQ.
I'm not expecting any money for my VPOR shares, but I'll continue to hold in case Dror surprises me.
Those UCC's are filed when the lending is done, not when they are trying to collect and can't.
This is moderately good news as VPOR appears to have raised new capital from knight in February. Couple that with filing the Smart Wheels annual report and it looks like they are not shutting down after all.
Though I believe he has done just that in prior companies. IIRC there was a lawsuit against him from some guy who tried to buy up the float but found he was able to purchase more shares than was mathematically allowed given their stated share count and ownership %. It turned out dror was selling restricted shares when he shouldn't have been allowed to and the poor buyer was left holding the bag.
Anyone here?
Why are they doing a tender for warrants that exercise at prices like $18? It's highly unlikely they would ever be exercised, so exchanging shares for them seems like giving away free shares.
You do this much cheerleading and you only have 165k shares?
Over the past few days I've dumped 650k of my 1.2 MM shares that were unfortunately purchased at much higher prices. My intention was to move that cash into TRT$ but it started its run too quickly and I didn't want to chase yet another MJ stock...
It was nice to hear that Paul wants to step down as CEO. MCIG may actually have a chance!
.0001/.0003 is ~33% or ~33x1%.
Since .0001 is the min tick movement, the price action is guaranteed to be 33% or more. So a 1% move in the markets could either move VPOR 0% or 33+%.
Regardless of what the CAPM equations work out to, I don't see this as a "useable" beta.
I saw this magic POSCO tech play out with LIEG / LI3 already. Several years of agreements and deals ultimately led to a market cap of zero.
Oh, hah, I get your joke now. ;)
You're a diligent CPA and you don't know what that is?
Obviously they aren't geared to the ihub crowd ... The MCIG ihub board doesn't even update the news section with these PR's ...
Whenever earnings have been "good", Paul has made sure to put out a PR in advance that hints at the expected revenue. He hasn't this Q.
He also tends to PR his "new division" or "new product" announcements several days before earnings. What happened with cannabox? What happened with the Colorado extraction facility? What happened to CannaPro Tech?
I agree. I've been trying to exit half my position, but have missed all the liquid hours :(
I'll be pleasantly surprised if the earnings are good.
On 11/05/15 Paul said it would be Beta-Tested in the quarter ending 1/31/16. To my knowledge nothing has been publicly said about it since then. It may or may not have been pursued.
Ok. I'm wrong and you are right Les.
There is zero risk, and these generic health statements don't give the FDA any excuse to start asking questions.
Go MCIG, the infallible company with management that can do no wrong!!
Not only that, but the FDA is on a crusade to shut down CBD companies that are making health claims. It's absurd to have that language up and risk the wrath of Government.
Looks like we are very highly respected by CannaPods, our "Partner".
So much so that they have elected to repost, on the official CannaPods corporate blog, the entire "High On Smoke" article recently featured on Seeking Alpha:
http://cannapods.com/mcig-inc-high-on-smoke/
We sure must be doing great business with them to be honored so greatly!
Is IVXX made/sourced in each state it's sold or do they have a single manufacturing lab that supplies all of their (planned) dispensaries?
I ask because supposedly the "local sourcing" issue has been used as an excuse for delays by a few other companies and I'm curious as to whether or not it's a legit issue or if TRTC has found a way around it.
Sorry...newbie here...apologies if this is a dumb question that has been asked and answered.
You're 100% right. Sorry.
FYI, that PDF you linked to specifically states that "CBD derived from the cannabis plant is schedule 1."
It says nothing of CBD derived through other means.
That's actually a Customs and Border Patrol bond, but I won't split hairs as I'm thankful you did at least try to directly answer the question!
Les, I'm in full agreement that FDA regs could really suck. Like I said last message: I AM NOT QUESTIONING YOUR LOGIC.
All I'm asking for is that you back up your notion that the FDA can require insurance.
Take three:
"How would it look if they launched and then had to get out because the FDA insurance requirements were unaffordable?"
Please cite at least one instance where the FDA requires insurance for a product manufacturer.
I was not questioning your logic by any means! I was/am asking for some sort of evidence to support your notion that the FDA can require insurance for a product manufacturer.
Take two:
"How would it look if they launched and then had to get out because the FDA insurance requirements were unaffordable?"
Please cite at least one instance where the FDA requires insurance for a product manufacturer.
If you don't know of one and can't find one, that's ok! In that case, just reply and say:
"I don't know of one, and I couldn't find one when I looked. You know what, maybe my original notion is incorrect."
"How would it look if they launched and then had to get out because the FDA insurance requirements were unaffordable?"
Please cite at least one instance where the FDA requires insurance for a product manufacturer.
"we have the benefit of industry-leading expertise that is *leap years* ahead of the competition."
If a light year is the distance light travels over one year, then just how far ahead is a leap year exactly? Is MCIG only ahead of competition once every 4 years?
Gotta love MCIG PR's. Bold statements mixed with non-sequiturs.
Go MCIG! Please don't fade out this rally. Only 9 cents away from my avg basis! You can do it!
UL2272 is the new UL cert I spoke of.
Really? It's the volatile lithium batteries causing the fires?
I think that UL cert is for the batteries.
UL just released hoverboard specific cert requirements 7 days ago. I don't think there are any products that have made it through the new hoverboard cert process.
Agreed. I was not shocked when I saw there was no dollar amount listed in the purchase agreement ... Just that vpor will pay the "startup costs". Ridiculous given Vpor purchased the company 6 days after it was created.
There are no convertable notes for MCIG
Yes.
Les stated that virtually all of the sales for Just Chill were from MCIG, so I was asking for the specific source for that statement.
I think that's a reasonable request, right?
"JustChill owns several stores in Florida and sells their products via those stores. I don't believe those stores are covered under the MDA.
However, virtually all the rest of their sales come via mCig channels."
I'd love to see those sales channel numbers for Just Chill. Can you point me to where I can find them?
If they are selling Mad Hatter's full product line then that is excellent news. They must have overcome the legal challenges that were holding up release of the THC version of the EMJ. I hope this means EMJ THC is back on track. That's what can really drive vape sales, which is what we need since the whole cannapod sales cycle appears to be much longer than originally anticipated.
How about you go back and read the link I posted ...
"anticipates revenue for the first quarter of fiscal 2016 to show an increase of over 180% compared to the reported consolidated revenue of the same period last year. The first quarter's anticipated revenue represents an increase of 138% over the fourth quarter of fiscal 2015."
That is factually incorrect.
Fiscal year 2015 ended April 31, 2015.
They are currently in the second quarter of fiscal year 2016.
Feel free to look at their own press release stating this:
http://m.marketwired.com/press-release/mcig-updates-on-financial-results-otcqb-mcig-2051945.htm
Well, FY2016Q2 == 2nd quarter of fiscal year 2016.
That is the quarter they are in right now.
I'm very confused with the latest news. MCIG has a master distributor agreement with Globe for their Ma line, yet they let some other company take over marketing, sales, and distribution of US sales for the Ma line?
Isn't their new strategy to sell other people's products alongside their own?
Even if they don't want to sell the Ma line in the US for fear it might cannibalize their Chill line, wouldn't they jump at the chance to control marketing, sales, and distribution of a competing product? Why let someone else control it and build it into a serious competitor?
Ok. I had missed the Native American blurb. Thanks.
I'd like to see a PR stating they've actually sold and installed a pod ...
I've checked the recent press releases and don't see any mention of 64 pods. Where and when did they release this excellent news?