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Anson is about the money not games. They are flipping and throwing the peasants under the bus.
On level 2, VNDM is on the bid to buy 300,000 shares.
I think just end of year flux as some sold for tax loss, and some of us bought to average down if we didn't need (or want) a tax loss.
No new news that I can find. It will take a while to see if it can recover at all, or just continue to fall into the new year into sub-penny. I'll let it ride a long time (year or two) myself unless I can break even or better.
Last chance for end of year tax loss selling is tomorrow Dec 31, combined with loss of confidence has plummeted the pps. I don't need the tax loss, so not dumping my 2470 shares for pennies.
Everyone was counting on license in Canada, and that is now a very long shot. MDCN is now looking for opportunities in the US, with AZ high on the list.
PPS "might" stop dropping on 1 Jan, or may well go sub penny very fast.
I have been waiting for a buy close to .01 to add and significantly drop my average pps. I jumped today for 10,030 shares at .0150, now have 12,500 at .29 average.
I cannot buy sub penny, so if I want in it has to be .01 plus. My broker will not allow trades below .01. They also require $100 min on trades.
My thought was this:
This is now a gamble, no longer an investment.
If MDCN manages to eventually land a license, the pps will not hit over $1 for a long time due to lack of confidence. At .29 average I have a chance to break even or make money *IF* MDCN pulls a rabbit out of a hat (license in US or Canada).
I skipped buying lottery tickets or playing craps for the past 6 months, so I just placed $150 on the MDCN roulette wheel.
Place your bets, spin the wheel.
There is even less reason to inhale tobacco or nicotine. Risk mitigation.
And I am happy about that. It allowed me to pick up 1500 more shares. My one post.
There WAS interference by the contacting and influencing of Clark County Commissioners. A county commissioner has already stated that he changed his vote to a no after the interference.
The facts are already out there on this. The only remaining question is will the lawsuit actually be filed, and will anyone see jail and/or fines for the documented interference.
The PPS of TRTC was manipulated for gain by those who engaged in the interference - FACT.
7 months and 16,000 shares here.
I think Liqcig is our best chance to break even.
Why that date?
MCIG should sue the ambassadors for non performance and take back the shares they were paid.
MCIG should sue the ambassadors for non performance and take back the shares they were paid.
There is no insider trading. Period.
I own 19,500 shares of TRTC. That said, Amy dumping shares is why I hate the CO and his wife.
Thanks for screwing the stock holders once again Derek and Amy.
VCIG posted to Tradeking as well:
Symbol: V008568 Vitacig Inc 16,000
Progress. Not ready for trade yet, but a step in the correct direction.
VCIG dividend posted to TradeKing:
Symbol: V008568 Vitacig Inc 16,000
Progress. Not ready for trade yet, but a step in the correct direction.
50/50. I think up a few more percentages.
I plan to sell 10 to 15 percent of both mcig and vcig shares at .50 to pay some annual bills. That is if we see .50 in the NE 3 months.
Based on all the controversy and different viewpoints that is 50/50. I am not selling until CERTAIN, and probably not even then.
Moderators:
This needs to be sticky at top.
What date(s) will the actual final licence(s) be announced? Anyone know?
Me too. I'm rich!
Trade king just did the same
I'm rich!
CEO Bill the idiot happened.
Well conceived. I like it
I think Droplies takes that award.
Interested
Call on the bat phone again.
You can't have my shares. Stop fear mongering.
Good question.
I have some large annual bills due in December and January so that will be excellent if it comes to pass. 25 percent of my holdings will cover all of it at 1.69.
I hope you are correct, but it seems a long shot to me.
Brown now on ignre. Enough of that.
I am very disappointed with the PPS given the 8 provisional licenses. That said, I bought more shares yesterday and again today.
What is the prediction for pps after actual license in hand? At this point, I'd settle for anything over .48. I still have hopes of seeing $1 by year end, but my confidence is down sharply
MCIG CEO is qualified and competent. Present-dent is not.
I am on MCIGs email list, and the quote was from a email sent directly to me. It may or may not be on their website as well. I "bolded" the applicable text your are interested in. Here is the complete email:
mCig, Inc.
Today at 12:17 PM
Tome
November 6, 2014
mCig® Obtains SEC Approval For VitaCig Inc. Spinoff, 1:1 Dividend, and IPO
BELLEVUE, WA--(November 6, 2014) - mCig®, Inc. (Stock Market Symbol: MCIG) ("mCig"),a technology company that owns, manufactures, and distributes the mCig®, VitaCig®, and Vapolution products, is pleased to announce that on November 5, 2014 at 4:00 PM Eastern Standard Time the Securities and Exchange Commission’s (“SEC”) declared effective the VitaCig Inc. amended registration statement (S-1) filed on October 16, 2014 and originally filed on April 21, 2014. The effective notice allows the company to complete its strategic spinoff and pro-rata dividend of VitaCig Inc. to all mCig Inc. shareholders creating two companies pursuing two separate market opportunities.
Following the spinoff, mCig Inc. will continue to pursue the development and growth of its wholly owned brands: mCig® and Vapolution. The company will also turn its focus towards additional M&A opportunities within the global legalized cannabis industry. The company will continue to retain 246,000,000 shares of VitaCig Inc. representing nearly 49% of the company’s shares outstanding at the time of the spinoff.
VitaCig Inc. will focus exclusively on the nicotine-free mobile vaporization industry while continuing to innovate its core line of products. In anticipation of this spinoff, the mCig Inc. board initiated a CEO search and has identified several promising candidates. The board plans to formally announce the new position prior to the initiation of trading in VitaCig Inc. shares.
Spinoff, Pro-Rata Dividend Details
With the registration statement effective, mCig Inc. can now declare a 1:1 dividend of VitaCig Inc. shares as disclosed in the registration statement. This will result in one (1) VitaCig Inc. share automatically credited to each shareholder owning one (1) mCig Inc. share (eg: If you own 10,000 mCig Inc. shares you will receive 10,000 VitaCig Inc. shares). The company will be completing the necessary paperwork to declare this dividend over the next few days and will update shareholders once the dividend has been declared. Shareholders owning mCig Inc. shares on the effective date of November 5, 2014 will automatically be eligible for the dividend. Because an EX-Dividend date has not yet been announced, any mCig shares acquired after the effective date but before the EX-Dividend date will also be eligible for the VitaCig Inc. dividend. Shares sold following the effective date but prior to the EX-Dividend date will not be eligible for the dividend.
The company will also be filing a Form 211 with FINRA and OTC Markets, LLC clearing VitaCig Inc. for trading on the OTCQB. This process is anticipated taking 30-60 days from the time of filing. The company plans to complete the paperwork by the end of this week. The company will be submitting two choices for a stock symbol for VitaCig Inc.: “VITA” or “VCIG”. A Press Release will be issued announcing the final symbol selection by FINRA when it is provided.
“We continue to deliver what we promised. While this process was somewhat lengthy at seven months, the result will have profound effects on the future of our company. Let us start with mCig Inc. Our balance sheet will now be strengthened by our ownership of nearly 250,000,000 shares of VitaCig Inc. These shares will allow us to raise capital by selling down shares from time-to-time while incurring zero net dilution to mCig or VitaCig Inc. shareholders. Any sales made by mCig Inc. will be reported to the SEC and made public as transparently as possible if and when they do occur. Our goal is to utilize this capital for growth in the industry we believe in most: Cannabis legalization. “
As for VitaCig Inc., In less than 4 months it has eclipsed mCig and Vapolution in sales, WDR”s and customers. At this stage the brand is exceeding every expectation we had for it and the recent award of trademarks by the US Patent and Trademark Office for the term: “VitaCig®” has allowed the company to scale its operations much quicker than when we focused on direct sales. Currently, the company is negotiating several country-specific master-agreements, each of which is potentially worth millions of dollars. In fact. We have identified two potential candidates for CEO that can take the company to the next level both in raising capital and growing sales. Sometimes in life, it is good to know when to let the training wheels come off, we think that moment with VitaCig is now and we are excited to be the largest long-term shareholders of the company.” Said Paul Rosenberg, CEO of mCig, Inc.
About mCig, Inc.
mCig, Inc. (Stock Market Symbol: 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 3.0. Through its wholly owned subsidiary, VitaCig, Inc. the company manufactures and retails the VitaCig®, a $5 nicotine-free eCig that delivers a water-vapor mixed with vitamins and natural flavors. Through its wholly owned subsidiary, LiqCig, Inc. the company is engaged in the development of the world’s first pre-packaged alcoholic eCig. 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. (NYSE: LO) for $135 million followed by another acquisition in February 2014 by Altria Group Inc. (NYSE:MO) of Green Smoke for $150 million. Wells Fargo (NYSE: WFC) analyst Bonnie Herzog estimates that eCig sales may rise from $1 Billion in 2013 to $10 billion over the next three years.
mCig, Inc. (Stock Market Symbol: 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/
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. This release includes forward-looking statements contained within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding mCig’s expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, as well as statements that include words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions, are forward-looking statements. All forward-looking statements involve risks, uncertainties and contingencies, many of which are beyond mCig’s control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. Factors that may cause actual results to differ materially from those in the forward-looking statements include those set forth in mCig's Form 10-K and other report filings with the SEC. mCig is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.
AT A GLANCE
What is the mCig?
mCig Online Store
mCig Investor Relations
mCig Social Media
Did You Know?
There are over 1.2 Billion traditional smokers in the world that will be converting to eCigs?
Science Agrees
Scientific studies have shown that vaporizing plant material exposes the user to lower levels of harmful substances than smoking..
Industry Shift
Wells Fargo Analyst Bonnie Herzog estimates that by 2020 eCigs revenue will overtake tobacco revenue at Reynolds (NYSE: RAI) and Lorillard (NYSE:LO) two of the largest traditional tobacco companies.
mCig is Disruptive
The mCig is not only the world's cheapest eCig at only $10, it is also one of the only eCigs which allows for the heating of any plant material be it tobacco, flavored tobacco, or herbs.
mCig, Inc., 800 Bellevue Way NE, Bellevue,, WA 98004, USA
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Dividend dates as per MCIG PR Release:
" Shareholders owning mCig Inc. shares on the effective date of November 5, 2014 will automatically be eligible for the dividend.
Because an EX-Dividend date has not yet been announced, any mCig shares acquired after the effective date but before the EX-Dividend date will also be eligible for the VitaCig Inc. dividend.
Shares sold following the effective date but prior to the EX-Dividend date will not be eligible for the dividend."
One section cut and paste from the Mcig PR release.
I just bought 1300 more shares at .47.
I say don't worry about what TRTC will do next, concentrate on what to do with any hard and fast pps run over the next week/month/end of year.
Decide what to do with the shares you own if it runs hard and fast.
Hold them all for the long haul.
Or sell for whatever percentage profit you decide (30, 100, 200 percent etc).
Or trim your shares for cash you need back for other purposes and hold the rest of the shares.
I think I "might" sell 1/4 of my shares to recover the full purchase price of all my shares, and then let the other 3/4 "free" shares ride. That is of course, if/when we hit a *4 of my purchase price.
My pps is 15,000 shares times average .4158, so if I sell 1/4 over $1.67 I have all my investment back plus 11,250 "free" shares. I might sell 1/3 at $1.24 if it doesn't run as hard as I think it will, getting my total investment back and 10,000 "free" shares.
I would let it all ride, but I need some cash for end of year annual bills. I do have 7 other stocks I could sell instead, or raid my 401K or savings instead.
Decisions decisions.
TRTC applied for 8 MJ licenses across the state. State of NV approved all 8. Now back to local jurisdictions for final step.
Expect a run on PPS to start hard and heavy tomorrow morning as the news spreads.
"Can someone please summarize to me what happened today? "
Agreed Sleek.
The entire sector beat me up bad since May, on 8 stocks total. I not only see the light at the end of the tunnel, it is blinding.
I don't know if I will sleep well tonight, or restless to see the PPS run starting tomorrow morning.