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I'm with you on that. I also was an original divy owner. However, I was able to avg down over the last couple years. Bought all the way down, .0034 was my best purchase price only a few weeks back.
Good luck with your position!
This will go much higher than .008!
This is one of the rare ones. Many times a reverse merger is done on a dead stock with no trades. Hard to get the word out on those.
VTCQ has been beaten down, but still has trading interest out there.
However, I expect to see familiar posters on MCIG after the announcement. They are going to help pile on IMO!
MCIG Management claims Malecon is worth more than VitaCig. What's not to believe?
Here we go again! I agree that Malecon will be more valuable than VitaCig, but there were plenty of debacles around this, the old VitaCig.
Lets take a ride down memory lane starting with the "free" shares. That IPO took so many months and all we heard from management was to hold on to MCIG stock to get your IPO free shares -Debacle!
Then we had a dark period of months after the stock IPOed where not one announcement was made - Debacle!
When announcements finally were made, it was about great overseas partners. However after a non existent check was announced from Korea, we found out the entire overseas "partners" were not paying royalties. Debacle!
Don't forget the non-PG formula that was going to skyrocket the company. Now belongs to Santos - Debacle!
Les, are you sure no debacles! Really?
These were off the top of my head with other ones worth mentioning. Not to mention when they finally figured revenue streams through CBD products, and then the company reverted back to MCIG a few months later.
Now we have entered another long wait Dark Period with Malecon- Debacle?
Especially useful for the senior citizens who are living in FL, home of Malecon.
Bubba, I'm sure you've heard of "competition", so why wouldn't there be room for growth in a growing market? I don't know where you come up with your "facts" about what's going on because it seems there is some discrepancy from reality.
For instance, the current dispensaries are approved under the current law which is being voted out of existence in a few weeks.
75% of the voters approve the contitutional ammendment for MMJ. The reason for the new law is because of the website you seem to look up. There are only two dispensaries approved and it is only for low THC MJ.
The laws are going to be changed and New Dispensaries Are In The Works Now. What you see on the website will be different next year!
Prove yourself by showing us something other than what only YOU write about. How about a link to something which actually proves you know more than me! So far I see nothing to back you up. Nada!
BTW, Malecon Website Link doesn't count since it is only their current offerings. Malecon is being Dark about what their intent is going to be when the go public so nothing about their intent is currently published.
Just Communicated W/ FL - and what you've stated is incorrect.
Sure...and I just communicated with Mars. They say you've been a bad boy and you need to get back home! LOL
Wrong again Bubba. The current dispensaries are under the Current Low THC Laws soon to be greatly expanded under the constitutional amendment vote in 3 weeks. The new players haven't been picked yet, but it will likely laws county by county. GREAT TIME TO EXPAND!!!
Good Point Bubba, Look at that POTENTIAL especially when they get the capital to EXPAND!!!
Are you involved in the biz structure of Malecon Bubba? How else could you answer "Nada" to your question?
One million + in revenues are bad? No "franchise experience" but has been in business for 41 years is bad. Really? Especially when compared to low revenue give-a-ways that VitaCig did?
And BTW, there are only two dispensaries currently approved under the current bad law written by politions. No one knows who will be approved under the new law or even if it could be by lottery. And that's only if that was Malecons plan.
No matter what, I'll take 1,000,000 dollars with potential growth over the crap I've seen under the VitaCig management. This may ammend all the past bad deals under MCIG/VTCQ management!
Bubba, VTCQ is a Reverse Merger which can favor a stock if the new company has revenue, which Malecon appears to have. We don't know if there will be a Reverse Split when the announcement occurs.
Thanks CashBowski, there are legit questions about this process. I posted on the other board that (VTCQ) that my trades on my Roth IRA couldn't go through last Friday because they were not registered in my state according to Fidelity. That was not the case today, I was able to make trades again and added to my position. Something happened to the registration as far as I am concerned. When they actually come out with the 8K is another matter. Something is brewing.
I have never gone through a reverse split, but it sounds like the financials would be included with the name change on one 8K.
Have you or anyone else on this board gone through a reverse split? If it is not on the same 8K, at what point are the financials reported and then name change occur?
Peterbelt, I just checked again. I was able to place a trade in my Roth IRA as a test. I placed a small buy order that I them cancelled. So now it seems it can be bought again in my 401K. I use Fidelity.
Peterbelt, VTCQ is not registered in my state anymore, so I could not buy it last Friday with my Roth 401K although I already own it. However, I can still trade on my individual account. Is that why you had to contact them? We're you buying on a Roth IRA, or were you not able to buy? Why did you contact them and have them dig?
According to the VTCQ board, it seems there was an unfound rumour that there was going to be a symbol change through E-trade soon. That has not been confirmed.
Sounds like a pump to me. Might still take some time for that to happen.
Wow, maybe that thread should be stickied!
A little less than 1 Billion O/S with 2 Billion A/S.
Omnicom AKA VTCQ
No message was sent to my friend who trades through E-Trade. Does Peterbuilt work for E-Trade? Makes no sense Fidelity hasn't made an announcement. Sounds like the rumour truck if you ask me.
I know this is due to happen soon, but could bounce around first. I won't believe it until I see it.
Thanks DAN, my bad.
Les, looks like you found the new CEO.
I don't understand how they can't spell his name correctly on an 8-K. Hopefully the new management is more professional than the old one. Fingers crossed!
Maybe that multi $billion delivery system was the PG free/natural liquid and delivery that belonged to VitaCig but given to Santos. But that wouldn't matter anyway. VTCQ is now Malecon so any reference to VitaCig now belongs on the MCIG board.
Hey shortorlong, that would be great! What kind of delivery system. I tried looking at info through the patent office but no luck. On the Malecon website they have a trademarked MaleconPak which is "patient frendly" Is there any info other than that?
Might be the last day for cheapies. Can't last forever. Get them while they're NOT Hot!
You and I both know this will go nowhere until the announcement. Until then, DC bounce. I'm sure this will climb much higher if even a whisper comes out of Malacon. But who knows when that will be?
Looks legit to me. A 100,000 trade excecuted right after Les' post. Seems there were plenty of other purchases prior to his post, but hardly any volume after. Maybe the market is regaining confidence in VTCQ after all. Maybe the CC helped.
...and toking. Just say'n.
You don't think it's great Paul has an unpaid spokesman on the boards? Keeps things Real Cheap! LOL
Silence! These guys are just too predictable,
Called It!
...and nobody at MCIG will inform the shareholders in anyway IF it is postponed. Just swept under the rug for days with no explaination. JMO
Not the first time, I've seen this for a while with you, others AND myself. Some SEEM to be more Authoritative, but really know nothing like the rest of us.
Seems that many arguments in the past, really didn't need to occur. I think I'm done engaging with those types. We need constructive communication, not about being wrong or even right.
Well I asked you about the 90 days and got shut down for being wrong. But I was just listening to you. So for the sake of furthering the conversation, I really hope at least one of your positive predictions come true, for once.
Nice response Les, but do you remember your previous posts? Post 13277
In reference to when a poster asked about when Malecon would make their announcement.
Thanks JSee, that is the way I remember it also. It seems we have some posters on this board who change their tune to their own convenience and then put blame others when their posts don't pan out.
Lee, I don't understand this...I thought you said they were required to make an announcement within 90 days of the merger. Nothing was said before about them making an announcement at their convenience.
Good catch JSee. Both had a 500 trade followed by two simultaneous trades of 370 at two different prices. There have been many MM signals the past few days, but this is just plain weird. No other volume on either. Thanks again!
Monday??? We're still waiting on the annual report that also had an extension filed in July. SMH
Of course none of this matters since any earnings from then don't really count due to the "merger".
We need to hear from Malecon soon. This is just silly at this point. WTF is going on with our investments in this stock we know nothing about.
Maybe it might be complicated to report due to the merger. Although Malecon took over VTCQ after the FY in the first focal period, it would be near impossible for VTCQ & MCIG (10% owner) to report acurate forward looking statements without revealing the plans of Malecon. Just my opinion.
There is a Plan, just Trust The Process.
We can't open the oven until the cake has set!
On one hand I'm tired as f%#@ about these last 2+ years about this whole spin-off. I'm mean really? How much more can we take? Now we are owned by a company which we have NO idea what they are going to do, share structure or anything.
On the other hand, this could be worth the wait if this turns out to be something. A sleeping giant about to awake. Sure those are dreams, but I was mostly impressed by the shareholder update. It makes me think we may have something here. I would rather Malecon be prepared to have everything in order rather than announcing too soon.
BTW, I think it's going to be Great! Dream baby, DREAM!