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These really are excellent numbers!!
At the very least, it makes people talk about the company and product, just like you just did! No such thing as bad advertising.
hahaha, I so agree with your awesome description! Some on this board have seen me around since February 2014. Like most of us early investors, I lost a few $ with MCIG, not enough to care but enough to tease my ego, and have not been back for quite some time. I too get frustrated with the hyenas looking for roadkill on an hourly basis. They just seem to live here, inside the fibers of this board. They have been right a lot of the time in the past few months, but I now believe that their reign has come to an end. The forward movement has started and many new/past investors are on the sidelines (just as I was), ready to jump in once the rewards appears greater than the risk, imho.
I understand your frustrations, and inform you that somebody does care: me. Just started a position 10 minutes ago and I will continue to add for as long as the good news keep coming. Been waiting for a while, but I really think we bottomed out in the .028-.033 range.
As far as toxic loans, Paul made it clear that he will avoid that option.
As far as cash is concern, they may have enough cash now and in the near future to cover operational expenses, but probably not enough yet to acquire companies.
This leaves us with acquiring companies with shares which, again, is ok in my opinion under certain conditions.
"From Rosenberg's actual answer - he's not afraid of diluting shares."
True, but lets keep this statement in perspective. Correct me if I am wrong, but didn't he refer to some dilution only to acquire companies that would add shareholder value? "dilution" is a naughty word for shareholders, so by just stating the above comment, it implies that he would be willing to dilute for any and all reason, which is of course not the case.
I have no problems with a little dilution if it brings in additional revenue and profits, or at least a great potential for additional profit. I think most savy investors would agree with that.
Bubba, I will give you credit for digging deeper than most, but I feel that you sometimes go overboard in your negative criticisms. You often make excellent points that create a good conversation, but I feel that some of the comments are a bit much, particularly against a specific poster. You obviously care enough to post extensively on this board, and I thank you for that, and it would great if you also gave credit to the positive developments the company has undertaken, and the efforts made by active posters. A more balanced approach would create a great dialog among all the posters.
Folks, this is a "new" industry and mistakes are going to be made by every companies in the sphere, and there is nothing wrong with that. We all learn from our mistakes and so do companies like MCIG. As Thomas Edison said about creating the light bulb: "I have not failed. I've just found 10,000 ways that won't work".We are all here to make money, so let's keep our spirits up, search for the truth in a positive light (pun intended), and let's create a constructive dialog that will benefit all of us.
You're welcome Les. Great job on the interview by the way. Not all the perfect answers we wanted, but great set of infos we did not have. I am still on the fence with MCIG, but will take a position as soon as I see some positive results in the next few weeks.
I do not know of any CEO who would agree to a binding contract in that situation. That is akin to making a promise that he will not do something in the future. Nobody can make such a promise, and nobody should. Paul did make that promise over a year ago, and he chooses to not renew that promise at this time. That to me does NOT mean that he intends to convert his shares. If he decides to convert in the future, every shareholder will have plenty of time to sell if they so desire.
I am a business owner and if anyone, and I mean anyone asked me to sign a binding contract as to my future business plans, I would be laughing my arse off. The only entity who would get a binding contract might be his bank or his landlord. A poster on IHub does not qualify as such. As far as I am concerned, posters who are not even existing shareholders, and who spend all of their time bashing his company are just as important to him as a fly on the wall. Asking for a CEO to bind himself to make you happy is laughable and shows that some folks on this board have absolutely no business experience.
Hey Paul, let us all know ALL of your plans in detail, and signed in a binding contract so that the competition can use the infos to slaughter you? Pretty please? Ludicrous...
Have you ever considered that they may BOTH be right? And how does it matter? Even if one of them was incorrect as to where the CEO's principal residence is, how doe that even matter? You have used this comment for weeks now and it is getting boring to folks like me looking for factual and useful infos about this company. I do not know where the CEO's of the companies I invest in lives, and i don't care.
You said it, and I second that!
Interestingly written, under About us/Blog...
--------------------------------------------------------------------------------------------------
MCIG Refocuses on Grower Services and Cannabis Product Distribution
by Mcig company's news 0
Happy New Year! Are you feeling confused? Let me explain. Even though Christmas is still over three months away, MCIG has already started its new fiscal year with a brand new look and approach. Everything you think you know about MCIG is about to change.
Let’s start with our name – MCIG. Did you know we are now dba Mainstream Cannabis Innovations Group? Our brand has evolved to be a leader at the crossroads of the cannabis industry with truly innovative products. We’ve added several great cannabis products to the MCIG lineup including Chill CBD Oil which drives innovation through our team of hemp industry pioneers and natural product experts. Chill CBD has produced record sales revenue that we can’t wait to share with you. Want more? How about em-j? The em-j is a blend of CBD oil which uses Relax and Refresh, two universally loved flavors.
We didn’t forget about the roots of the cannabis industry either. Both professional and amateur growers alike are turning to MCIG CannaPods for turnkey, durable, fully modular ISO clean cultivation rooms that use the best building materials and components allowing growers to create the perfect growing environment. Truly Drop & Grow.
Soon you’ll be seeing a lot more of what’s been quietly happening behind the scenes at MCIG. We have a brand new website to go with our new look and lineup of high quality, innovative cannabis products and brands to share with you.
The front end work is done; restructuring is complete and revenues are strongly increasing. We have new master distribution contracts in place and our large initial financial investment in research and development is a thing of the past.
Growing pains are never easy. However, to become bigger, better, brighter and to further secure our place as a leader in the cannabis industry we have taken those pains in stride. MCIG has a bright future and it starts, right NOW.
Welcome to the new MCIG dba Mainstream Cannabis Innovations Group
I had an order at .27 for over 30 minutes and nothing happened!
Thanks hoststock! I am very long with this company. I like the set up, I like the industry, and I like the ceo's commitment to make payments with cash when it would have been easy to dilute. Besides, their products are flying off the shelves!
It won't be me! Got it recently at 0.032 and looking to buy more if pps drops any lower. This company is showing the signs that they are for real.
This is the perfect time to get in and maximize returns. Next fins will be very good, and the pps should climb into the 5's soon thereafter, in my humble opinion.
That's what happens when you experienced a premature evaluation...
There is no denying that they had to issue a few shares, but based on Paul's statement, they may not need to dilute again based on the performance of Q1.
Let'stop some of the BS here.
" We had cash available of $102,691 as of April 30, 2015. Based on our revenues, cash on hand and current monthly burn rate, around $25,000, we believe that our operations are sufficient to fund operations through September 2015".
This is the cash on hand as of April 30. It is now September, and that comment was expanded to:
"For the quarter ended July 31, 2015, the Company anticipates sales to exceed quarter-over-quarter growth of over 180%. “We are very pleased with the first-quarter growth. It was our best quarter ever. Along with increased sales, we are seeing improved margins and a stable cash position,” said Paul Rosenberg, CEO of mCig Inc.
The 4th quarter is disappointing, but their cash on hand as of September seems to be sufficient.
I wonder if their intent is to release the 10-K with the next 10-Q? Is that even possible? Maybe the 10-K is so bad and the 10-Q sooo much better that releasing both at the same time, along with a great PR, would re-kindle the fire under the pps?
Down 11% in 11 minutes...What a great investment, lol.
TIMBER!!!
Sub .10 coming fast...
I am not debating on whether they will obtain this/these licenses, but I cannot accept that a poster calls a deal "done" when it is not. This would be a very dangerous position to be in. Once the deal is done, then we can all pop the bubbly and make bank, but until then, this licenses are "provisional".
It is not because you got a bite that the fish is in the boat. The deal is not done until it is done. Geez...
There are plenty enough intelligent and educated folks on this board to sort between the BS you spill and actual FACTS. Wishful thinking and educated guesses are not facts, and insisting that they are only diminishes your credibility.
Over and out.
NOTHING IS GUARANTEED!! If there were such a "guaranty", they would not be called "provisional licenses", they would be called guaranteed licenses.
From Dictionary.com:
Provisional: accepted or adopted tentatively; conditional; probationary.
Please stop misleading other posters.
Thanks! I've been teasing the heck out of this guy for over a year. I've learned to distrust posters with highly elevated egos long ago, and he sure is one of them.
You said that trtc "will be granted 1 or 2 licenses", so which is it???
You call this statement a "fact" and it is not! You really have no idea whether they will be granted 1, 2 or 0 licenses. You might call it an educated guess, but it sure isn't a fact. Please do not insult the intelligence of other posters...
Most of your post included actual research, but that statement is not. A poster that says "this or that will happen" does not constitute research. It is either a fact (which it is of course not), a guess (which I suspect it might be), or a wish (which it definitely is, imo). Insidiously including such such a statement in the middle of a perfectly interesting post makes it sound like a fact, which it is not.
Quote:
"On September 2nd, the Clark County commission will be granting TRTC either 1 or 2 of the LV strip dispensaries."
Is that statement based on your humble opinion, or did you consult a crystal ball, lol?
Quote:
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"So we're right back where we started before the pre-announcement hype, and with a solid foundation built at 13 cents, there is nowhere to go but up."
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Now at 0.121...Would you like to take that statement back?
Lift off??? What lift off???
You're down 10%!! Always so relevant...
Thanks Fallingknife, I agree that they are relatively unknown with the low trading volume and all, but that is exactly the reason why I decided to become a shareholder. I believe that the market cap is way too low for the sales volume they are about to announce, and their decision to pay back debts with cash rather than toxic loans or dilution. Once "main street" discovers VHUB, the pps will be far higher than it is now, and that is how I make my money!
New shareholder here! got lucky to get 20K shares at .0327
5 minutes ago, and already making bank!
This company is for real!
Thanks Money Maker, that's what I thought. Price for diesel is also dropping further imo, and this company should show some pretty good numbers in the next few fins.
I like the potential of this company...but why is the market cap so low?
TRTC market cap is now 15% less than MCI$+VTC@, and falling way further fast, imo...hahahahaha what a joke! So sorry for those who are still holding shares. Holding share at this point is senseless and rather sad. Some poor investors prefer to watch their money slowly evaporate rather than getting out and invest on a better company.
I wonder if the Boss was using the Boss when he was arrested...
https://www.yahoo.com/tv/s/rapper-rick-ross-arrested-marijuana-possession-official-033708320.html
Come to think about it, everyone who bet against this company since February 2014, has made a very serious bundle! I was not one of them and neither are you, les...
Aren't you folk sick and tired of reading PR's about what they are going to do instead of PR's telling us what they have actually done??? Words are cheap, and I will not buy back a single share until this company actually sells something significant profitably. I can't wait to see the next fins...Paul, if you can read me, you are starting to sound exactly like the guy who ran FITX, and that is not a compliment...