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I get what you are saying. I chose not to believe a word he is saying. :)
I believe if that is your answer than that can be said for anything posted on this board, you can either believe the information or you don't. By the way, just because you present it as an example, or use pie in the sky figures, does not make it any less misleading than anything else posted here.
Please tell me again, what is out there? All you say is you suspect this, believe this, and probably that. It does't make it so.
Let me ask you this Les. If they could and did tell us they were negotiating for distribution in those 6000 retail outlets, you don't think they would release the pr that they were successful? Damn right they would. They only wish at this point they had something like that to release. 70 commercial extractors? Yes, I know what you are going to say. You were only using these fiqures as an example. Your numbers, in my opinion, are way overexaggerated and could lead new investors into believing this is fact. This is exactly what you complain about when others here post false statements. Like someone else said, you should probably be a bit more realistic with your numbers.
I see you got no answer to your question. He spews this crap all the time like he is in the know. Source please. TIA.
Yep, got that one. I also got the one about the hospitality deal in NY that never happened , also got one about 10-20 vending trucks in major cities, that never happened, wait, there is another, how about the multiple kiosks in major locations that never happened? Hell, we didn't even hear one more word after they opened the one kiosk they had.
I am a bit confused about EM-J. This EM-J CBD is not the one here everyone was excited about months ago. That was THC. Am I wrong here? I really don't think this will be a big market. Yes, I know, it is legal in all 50 states. That does not mean it will sell. But hell, that's just my opinion.
Hey, He has got a point there. He is only down 15% today when it could be what, 25%? LOL WEEEEEEEEEEEEEEEEEEE$$$
Yen. Wow, that was special. LOL.
You can't be serious and really believe that. You might ask where he found that info. LOL
Agreed. It is hard to hold back but I have learned the hard way it is ok to sit back, watch and think and don't get caught up in all the hype.
All aboard. Next stop 5's.
I will admit I was way off here. I thought they would bleed this down slowly but they are not even subtle about in anymore. Someone cut a vein. And the bagholders stand shaking their heads.
What is the significance of 30 days? TIA
So far today it seems like shorty is doing just fine. :)
Oh really. I wonder if you recall this?
I give them credit, they tried their best to win over
the market.
Thinking lot's of forward looking P.R.'s, company
intentions, shareholder update would do the trick.
But, the valuation just couldn't hold up against the
actual revenue numbers.
They tried a lot of the right things to generate revenues.
Billboards, Ambassador's, ice cream trucks, kiosks,
social media blitzes, but, just can't work with an
average product, in an over saturated e-cig/vape industry.
Hence the branching out into other areas of the cannabis
industry.
For all intents and purposes, the company will never
be successful or last as an e-cig/vape company.
Unless they raise the quality, innovation, and offer a
disruptive product into the market.
Not that the 3.0 or 4.0 are bad products.
But, in a sea of similar products, bigger companies,
their work is definitely cut out for them.
But, this company is always one step back from all the
other companies, who have lot's more capital at their
disposal.
They even had a chance with the EM-J, and still may, but
they have lost one of the first to market advantages.
Following the Ju-Ju joint, MCIG could of followed suit,
but four months later, now several other companies have
developed THC/CBD pens.
Their biggest problem I see now is the disconnect lack of
communication between shareholders and the market in general.
No customer service, no returned emails or phone calls, no
Investor Relations.
Add dumb moves like choosing not to pay QB fees for MCIG,
no update for Vitacig, overhyped P.R.'s, broken promises,
we will see if partnering with CAFS works out.
But, for now, most people see that as weakness.
Partnering with a unproven, pink sheet,
company.
Bottom line, no confidence here.
And that all comes down to the leadership, or lack of,
of MCIG CEO, Paul Rosenberg.
Sorry but VTCQ is the better place to put your money. Oh, now wait, that was you that said that. LOL
Nope, not me. Never mentioned sub penny but some have here. I don't usually make price predictions other than this will slowly be walked back down so as not to totally alarm anyone too soon. This is how the game is played Les. Draw new money into the pot and the slowly skim it off while bringing it down, leaving bag holders going "WTF just happened?" There are a few here that have changed their tune making it obvious that they got caught chasing this up. Hard lesson learned.
Not touching this. It will slowly be bled back down to .05. It may take a month or so to get there but bleeding it slowly always works. Nothing has changed here. When the 10Q is released, and that will not be until August, we will know. Until then, this will continue right back to the 52 week low.
Share price certainly needed shoring up and this pr did the job, probably more than they even thought it would. Was it because of the calls for something, anything from this board. I really don't think so. More like general lack of interest from the market itself. But still, wish I would of had some dry powder this morning. Coulda, shoulda, woulda. :)
I know. It will be a long wait for the longs to see if this statement does in fact have any meat to it. We all have seen this many times before. If this slowly gets walked back down with all the new money in the pot now, some are going to take a beating.
Holding strong at eod here. Thought maybe some flippers would exit. Time will tell if this is legit or the big trap has been set. It will be almost August until financials if they file for the extension like they always do. What happens between now and then remains to be seen.
Don't know what to say. I do know that if I would have had some dry powder this morning, I would have bought some to flip. Don't really know if this will hold or not. Tomorrow some flippers will take profits. Hard to believe this ran on the statement released this morning. I do know they got a lot of people to chase this. Time will tell. Good luck to the longs. It must feel good to get a day like today after that long slow bleed. Congrats.
Sorry Les but you seem to think that statements made here on this board will somehow affect the stock price. That tells me you are totally naive and really have not been investing long at all. That never happens. What you or I say here doesn't mean d**k. Hate to bust your vain bubble.
So Paul's goal is to build up the company and value so
the stock price can sustain that type of battering
No, never shorted this or any other stock for the matter. You are right, better to take a small loss than a big one. Yea, I held this stock for awhile but was always wary of it. Was never one to think I found the stock that will make me weathy like some on this board who have now bailed out. By the way, I have a 2.0 and don't use it. Just as easy to load up a small bowl since the 2.0 pretty much just burns anyway. On another note, I see we have yet another 52 week low today. GLTU
You are another one man. You would totally blast people for questioning this company and just look at you now. Shame on you!
Yea. Ok. You were the biggest cheerleader for this stock. I would go back and repost some of your posts but I refuse to waste the time. IMO your are the biggest hippocrite here. You want to show up here with you bs now. LOL
I think you did the right thing. And you are absolutely correct when you say there will be more than enough time to get back in. I find you to be one of the most real people on this board. GLTU.
Only down a little over 4% today. Not bad :) Like they say, know what you own.LOL
Hey everyone. Been out of this for awhile now but still watching. I assume earnings were released today and hence the reason this is down?
Les doesn't get it and probably never will. There is absolutely no communication from this company. Sales are good, sales are bad, sales are what we expected, we hoped sales would be better. Nothing. This is not the way companies do business. Now Les will say this is not the ceo's responsibilty. BS. This is his reponsibility. You want to act like a big boy, than take a lesson from the big boys. Don't hide away and pretend you are not real. You are the guy who created 10 different divisions and everyone is just supposed to take your word for it. Wtf, they don't even know who you are. Do you think a stock on the big boards could get away with this. Hell know. Go ahead Les. I can't wait to see your spin on this one. There is no guidance from this company, and if you have ever had a position in any stock, you know how important that can be, even more so than the quarterly earnings, but go ahead Les, take your best shot. List all the bs divisions you have been constantly repeating and all the ridiculous sales projections. No one is buying it anymore.
Survival Pipe? Wtf is that? Much respect :)
I'm going to take a guess at the name, the Home Extractor Division. They have so many divisions, you need a program to tell them apart from each other :)
That's the problem with the Snody stuff. Limited Edition means limited revenue and Mcig already has that. :)
Gee. I don't know Les. If you were the CEO, would you let Snody handle all the pr for Mcig on Instagram? This totally makes the company look unprofessional. Who does that. They need to reel this guy in and tell him they will handle the pr. You got a guy who is supposed to be affiliated with this company and well you know what I mean "respect". WTF are they doing?
Set stop loss at 52.50 this morning. Already been taken out. Not in it for now. I think I have learned something from the last earnings :)
Exactly right. That is classic. That's how it's done. People chased it on the way up and now it will be walked down again, the buyers slowly watching their money disappear.
I'd be wary here. This is a way to get new money in to the market. Drive the price up, get people to chase it, and bring it back down. I will be watching it closely, but let's face it, nothing has changed here. Not only that, .075 is not really anything to get excited about at this point.
That sucks man. You should have held on.