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John Mehos's primary residency is CO….Constantine Mehos biz address is FL
father/son………plenty of Mehos family in Salida to have CO grow op……..
where to send/forward notices is irrelevant
MCIG-refuses-to-hold-ANY-daily-gains,,,,,,what describes that type of PPS behavior with a co that has rev's and a good product??????
this is a good company, just has an insecurity with O/S dilution and slow legal solutions with the VCIG S-1
the explanation HELPS deal with the PPS drop….when VCIG clears we will see movement……but NOT until……...estimate on that……6 weeks, given the current S-1 progress timeline…...
clears the SOS???…they-PR'd-the-action-weeks-ago..SOS-updates-in-72-hrs
IF
they get the proper documents…………..
this is the 3rd "little" inconsistency we've seen with the A/S…….annual report listed 3,000,000 share reduction, but said "billion", the Q said "NO CHANGE"
the TA gave current info, cant dispute that, so I won't
since TA isn't-gagged…whats-the-current-O/S…..A/S…float??????
YES…... keep reading, I mentioned this in my previous post
the CAVEAT……in that same para, just further down:
dilution takes 2 forms-in-the-financial-world
VALUE dilution
OWNERSHIP dilution
my shares are worth LESS money (value)………..definitely diluted value
my shares are still worth their % ownership in MCIG….definitely no ownership dilution
definition of dilution in the dictionary is:
di·lu·tion
di'lo?oSH?n,di-/Submit
noun
the action of making a liquid more dilute.
OR
the action of making something weaker in force, content, or value.
who tells TA to NOT report-share #'s??…..only-CEO
TA does what it is told,,,,,,,I called them and they say they cant give #'s, EVEN had my broker call…same answer…...
when a PUBLIC company engages a TA, they check a box which asks "do you want to disclose share structure?" YES or NO box……… crystal clear
some might have us believe there is a box that says, "if ONLY 3 people call per day, thats OK, we will tell them info, but if 5 people call, and are pushy, we won't tell them info"
I;m not worried about the A/S increasing here, I like the CEO for most parts…….the PPS is dropping for 2 reasons…….no need to repeat
*******************
Item 1.01 Entry into a Material Definitive Agreement.
As previously reported on the Form 8-K filed by mCig, Inc. on September 23, 2013 (the “Prior Form 8-K”), the Company entered into a Share Cancellation / Exchange / Return to Treasury Agreement with Paul Rosenberg, the chief executive officer of mCig, Inc., for the cancellation of 230,000,000 shares of our common stock held by Mr. Rosenberg in exchange for 23,000,000 shares of our company’s Series A Preferred Stock. Under the terms of the Agreement the Preferred Shares are convertible and can be exchanged for a stated number of shares of the company's common stock, but not earlier than one year after the date of signature of the agreement.
The purpose of this amendment is to disclose that the Share Cancellation / Exchange / Return to Treasury Agreement was amended on April 10, 2014. Under terms of which all or any part of the Preferred Shares held by Shareholder can be converted at any time or from time to time, and can be exchanged for a stated number of the company's Common Stock Shares.
from MCIG quarterly report
********************
telling shareholders,,,,IN A FILING 2 months AFTER THE FACT,,,,,that the float and O/S has changed with the conversion of shares is NOT "telling the shareholders" WHAT is CURRENTLY occurring…...
to RAISE A/S---of-course….increasing-FLOAT-and-O/S requires no notice…..
does MCIG CEO not have a history of SILENCING the TA?????? sure, and the answer he gives is that too many people hassle a TA………..wasnt born yesterday, the TA is GAGGED
CEO here has a "promised lock-up" with a "CEO can decide" CAVEAT on it.which would INCREASE THE shares in the FLOAT ( dilution does NOT SOLELY mean add to A/S…thats what people generally use the word for.but here we have plenty of share that can be tossed in to the FLOAT (increasing that float) and dropping the PPS because of it………
diluting the float
diluting the O/S
some people ONLY see "diluting the A/S" there exist several ways to dilute the PPS, especially when the CEO gives away his restricted to pay promoters……..does that raise the A/S….NO………. does it DILUTE the O/S when they come off restriction……YES
raising the O/S doesn't require-a-shareholder-notice-just the A/S
see, its NOT THE ARGUMENT one expects……….especially the rest of my post
PREFERRED's are easily distributed as well……
and PARDON ME, when a PENNY raises the A/S, 99.999% of the time we get the NOTICe in the QUARTERLY filing………….3 months later……
…..this is the PENNYS, not a REGULATeD exchange at all…..and I don't ride a high horse
HYPOTHETICAL "grow" #'s-dont-help-INCC-PPS
1st……..INCC needs to OWN or LEASE the grow plot…….not yet done
2nd…….the plants have to GROW and GERMINATE………not even close to this part
3rd……..to sell the MMJ for those prices, we need to get RECREATINL license…….might never get that if you read the Chaffee County zoning board meeting minutes
4th……..havent seen ANY MJ ticker……... IN THE OTC………go any higher after its 1st HIGH SURGE is achieved and the consolidation kicks in……. LIKE IT IS HERE……
I'm all for PLAYING the FLIP in PENNYLAND………..so are 90% of PENNY-smart investors, although MANY ACT like LONGS
the TA or the CEO are-the-only-credible-sources-for-share-structure
DONT BE AFRAID of the dilution conversation, all GOOD start-up stocks dilute to pay expenses, to FIGHT the POSSIBILITY that dilution is occurring is not acknowledging where this ticker resides-----THE PENNYS
AT ANY TIME…….the BOD or majority vote holders ( CEO is all that is needed to fulfill a majority) can ISSUE more shares……WITHOUT telling the shareholders
so I don't ascertain that dilution is the SOLE reason for the PPS drop, it is a LIKELY reason, combined with zero CEO guidance on the VCIG status and MCIG progress
if you possess TA or CEO reported facts on dilution, please share them…
…in a PENNY, WITH REVENUES…... when the PPS had dropped 50%a dilution guess in a GAGGED ticker………….. is a very good guess
AND in MCUGS case, per the CEO "promise" to "hold/lock-up my portion of the O/S) I can pragmatically state that dilution is the BeST reason for the PPS drop…………..especially since we have seen it done in the past 6 months……..as reported by the CEO
BTW the CEO "lock-up" statement has a CAVEAT attached to it…….the USUAL one……."if, at any time the CEO wishes to CHANGe his mind…..blah blah blah..he can"……….and its documented
pursuing FACTUAL-DD and-logical-MCIG-commentary-is-our-goal,,,
I avoid the "prove my HYPOTHETICAL idea wrong" conversations
-possible dilution and lack of CEO guidance is what drops the PPS here……nothing else
when we get responses to these needs…MCIG will react favorably
some dilution is appropriate….just acknowledge it if it is happening, don't play SILENT
VCIG is getting organized to go public…….BUT the SILENCE on that makes it SEEM like it is drifting aimlessly……..UPDATE, there is no quiet period issue with a simple update, so what if there are more S-1 issues, SHOW us the solution to those issues and get them fixed, thats how its done…….
7 – SUBSEQUENT EVENTS
1) The company announced on May 19, 2014 that they will be retiring 3,000,000 (billion) shares of common stock. As of August 28, 2014, the common stock have been retired.
2) The company announced on May 5, 2014 that they would be changing the name of the company to Medical Cannabis Holdings, Inc. The company is in process of completing that paperwork.
3) The company on June 30, 2014 executed a definitive agreement to acquire Gropro Systems, Inc. Constantine Mehos was issued 600,000,000 shares on August 19, 2014 to consummate the transaction.
this is posted in the unaudited financial statement notes filed by INCC on Sept 10,2014, the previous quotes I provided were from the Quarterly Report filed Sept 8, 2014
*****************************
the TWO statements conflict because they are BOTH about the Quarterly ending June 30, 2014
I do agree it says consummate……….also agree its CONFLICTING info, perplexing and NOT CLEAR…because both statements use references to events UP to Sept.
Quarterly Report under "share structure" has items 4 thru 6 with 3 different O/S amounts
Financial Notes records subsequent event of retiring shares ALSO has A CONFUSING mistake………using a 3 million shares NUMBER versus a a "billion" being written…..very ODD
FWIW, the multiple mistake reports……... not TOP NOTCH job from mngmnt
"6. Any default of the terms of any note, loan, lease, or other indebtedness or financing arrangements requiring the issuers to make payments
No
7. Any change of control
No
8. Any increase of 10% or more of the same class of outstanding equity
securities?
No
9. Any past, pending or anticipated stock split, stock dividend,
recapitalization, merger, acquisition, spin-off, or reorganization
No
The Company has had no past stock splits, dividends, recapitalizations, or spin-off’s. The Company has no pending or anticipated stock splits, stock dividends, recapitalization, mergers, acquisitions, spin-offs, or reorganizations.
On January 28, 2002, the Company organized as a Florida corporation under the name "Sign Media Systems, Inc."
In August 2007, the Company changed its name from "Sign Media Systems, Inc." to "International Consolidated Companies, Inc…………""
from Sept 8 2014, INCC Quarterly report….OTCmarkets.com
there is 6 thru 9……
as I sincerely asked before, is there any other info shareholders might have missed???
please post if there is ANY info to help shareholders….
"9. Any past, pending or anticipated stock split, stock dividend,
recapitalization, merger, acquisition, spin-off, or reorganization
No
The Company has had no past stock splits, dividends, recapitalizations, or spin-off’s. The Co……"
********************
QUOTE from most recent Quarterly report…filed by INCC Sept 8,2014
anything to add that shareholders might have missed?????????
6/17/2014-PR-quote….."The companies shall-work-quickly to-complete a definitive acquisition agreement."
THIS is what naturally, professionally follows a "LOI"……….the acquisition does not happen just because an "LOI" is entered into…….
INCC knows, do shareholders??
GroPRO was LOI'd in June……….management has taken 3 months to MAYBE finish ( who knows??) their TASK…….have they????
VERY important, maybe even more important than the CE issue……so WHY no PR about GroPro????
GroPro is an ASSET,,,,,the CE "coming off" is window dressing on 50% of PENNYS---big-deal
management is STELLAR if they do what they promise, in a timely manner……..eh GroPRo????
looking for a management track record???????
VORTEX in SAME boat
trade the PENNYS if the TRUE "asset building" track record gets FORGOTTEN for some window dressing task...
6-"non-voting"shareholders don't DRIVE-DOWN-the-OWOO-PPS,POOR-management-DOES
3 VOTING s-holders DO
its SKU's………. FWIW
Mehos--(Salida MJ grow-"owner-to-be")…wants-to-be-autonomous-from-INCC….
what MJ plot owner wants to be married to ANY PENNY TICKER,,,,,,smart not to, fortunes move VERY QUICKLY in the PENNY anty world
Mehos knows how to CYA his biz
INCC needs the landowner…….
the- OTC "audited" entry is obviously wrong.otherwise-INCC-would-NOT be hiring an auditor if they were already qualified as"audited"
shows you the kind of mistakes that get made at the PENNY level…………MANY MISTAKES
OTC usually takes their info from the ticker company….so either someone misread the PR or INCC is misreporting their status (doubtful, with todays PR)
TODAY…to be clear, INCC released a PR that said they just hired an auditor, so they are NOT an "audited" OTC level company
PAINFUL to watch-this-CEO-act-less-than-we-give-him-credit-for
there is NO "quiet" period for MCIG…….it is for VCIG…….so CEO get the momo back into the M
UNGAG the TA share #'s, I believe the DROP here is due to dilution……if the CEO and biz is performing as reported, the stock should be basing around 45-52, where it straddled for 2,3 months…this 50% decline in the last 25 trading days logically speaks dilution
AUDITS TAKE A MONTH, then-filings...Nov-at-best
INCC will-consolidate-25%-with-no-news..thats-just-PENNY-predictable
Vortex is not owned by INCC,,,,they just have a Letter of Intention, far from a closed purchase, remember, Davyd had a LOI with another PENNY just 6 months ago,,,,,that fell apart, he played the same role for that venture as well, their "marketing/PR website consultant"
the real estate owner is the strongest part ( Mehos) but he has his own future to figure out, with or without INCC, he will do fine, he DOES NOT need INCC
CEO-needs to clear the air about his finances, he is probably a significant shareholder and his employment will get rockier if he doesn't
managing expectations 24/7
SOP
Neither-CITY-of-Vegas-or-SOS-NV-office…..CARE if a biz is delinquent…….
they simply ADD tax and interest to their required payments and it costs the company MORE…
like a credit card………..and that charge, IF ATTENDED to within a month or two, IS MICROSCOPIC to the business operator
SO THE NTEK license issue is ridiculous…….its a state "income" device that works……..
if the INCC-CEO owes $300K-for-ONE-year-of-taxes….he's-got-the-income and resources to PAY off the taxes…….
the LIENS are real………CUCCELLO is a documented tax evader,,,,,the courts confirm this……..I can read a court docket and judgement report, and I won't ignore it to make the CEO something he is NOT……
I just like a straight forward and accurate picture of the execs of any co I invest in……..
I'm always a stock skeptic and I balance and weigh the PRO's and CONS here……..
tax evasion isn't isolated to this CEO, but he has MULTIPLE years of JUDGEMENTS, he SHOWS he doesn't want to pay the tax he is responsible for………..from YEARS ago, if those taxes were in dispute, the court would HEAR the explanations………..the JUDGEMENTS say they heard the argument and denied or said "we don't buy it"
thats the INCC CEO…………take it or leave it……..but don't dispute his TAX LIENS,,,,they are a matter of record and as a PUBLIC company employee, he gets scrutiny
does this mean he useless…….NO, it means he cant be trusted to pay his taxes, and he is getting very close to being removed from his assets if he doesn't PAY what he owes….
be REALISTIC…."best"-management-DOESNT-work-with-PENNYS
so what's running EVERY PENNY is the 3rd or most likely 4th string of management talent
but "top notch" is NOT how you can accurately describe the management talent down here in the PENNY's
CuCCELLO and FIELD have some pretty stained civil court issues………they are entrepreneurs and its questionable to trust these types (once again 80% of PENNY's have this "type" ) WITH YOUR MONEY FOR LONGER THAN A WEEK
this assessment is the FACT here, not an attack on the INCC management, but a sobering report on the top 2 employees of INCC…….they're not angels, they BOTH have stubbled with the CIVIL COURTS……which is much different than being a clean innovator who just FAILS at his ideas……..these 2 aren't CLEAN either……..FWIW
PENNYS ARE A FLIP 90% of the time………….10% are possible long time holds
LOTS of DD-last2days….PRO&CON…..be careful
technically speaking, this is scheduled for a consolidation after NOT breaking (20% or better) its high of monday/tuesday………
….manage expectations, this is a PENNY…….absolute unpredictability
thats describes the necesity-for-the 450M-increase-to-A/S……to-pay-off-debt
AT A HUGE SHAREHOLDER DISADVANTAGE
CHRISTMAS orders have ALREADY been made……….seen any PR's about OWOO's orders…….NOPE
and TRENT ( founder ) will do anything to keep himself off the streets,, begging……….watch out, he goes by several other pseudonyms, gotta luv that game he plays
after a reverse split, a company shouldn't have to raise the A/S,,,,,,,,,,but with toxic management like OWOO, its nothing but "what can I do for ME" attitude from them……….
the recent filing shows that ASHER cashed in their debt to some panderer who will do nothing but sell the .0001's they got until the PPS is zero'd out
they are lost in their quagmire now………I will let them die in peace
another MJ play full of nefarious individuals…….will have FLIP legs
thanks for the tip off….played for 3 hrs last monday……..getting dicey going forward here though…...
CEO---Uccello is a skip-trace artist full of lawsuits and IRS liens
Vortex (Davyd Field….VP of marketing-ish,,er….lol) has played "please acquire my company" with 2 other scams in last 15 months
The land these guys want in CO is yet to be State approved for MJ use, and is NOT closed on yet……although the real estate owner ( Mehos ) is probably the CLEANEST of the bunch…..have yet to DD his past
it is a great FLIP candidate…….the run from 1 to 2 cents was worth 30%, being smart and taking no risks..it'll probably fall back to .012-.015 and then start again…….depends on if the DD gang starts ssoner versus later
they got lots of PR pump firepower to play with so it should be a DELUXE promo show over the next 2-3 weeks……………like I said it all depends if the DD group jumps in………...
that "ONE" magic MCIC PR already happened….in 2009….
the rest have been back alley stories, convincing NO ONE
remember, for a PR to be a BIG hit, someone has to pay the bill………
there she blows!!!!….OWOO-finishes-the-ASHER-toxic deal…….BYE-BYE
the shares got sold to someone ready to liquidate ASAP
an "LOI" is NOT an acquisition….next step is the "purchase" agreement, then the deal CLOSES
LOI stands for "letter of intention"………it is not a legally binding purchase agreement, which is a separate and NECESSARY agreement……
..LOI signifies nothing more than…. intentions
Vortex has NOT been acquired by INCC
2nd biggest, next to Seattlle's HempFest
be careful if you go, this year the city of Boston passed a "no smoking" in parks rule….
INCC needs to complete acquisition of Vortex( LOI-8/7/2014)
Vortex was in a binding LOI with another company, and that deal never materialized…..obviously..
so lets get this deal done…….its overdue already, and one of the flags about Vortex that irritates investors ( multiple LOI's in last 8 months)
Mehos needs to complete and CLOSE his purchase of the Salida plot for cultivation, per the Chaffee County zoning board, it is not closed……….
shareholders ALWAYS-pay-for-a-dividend,MCIG-PPS-is-showing-signs of that……
what the CEO needs to comment on is WHEN or if MCIG is selling treasury shares to raise funds for expenses……….the 50% decline in PPS reflects the market's "valuation" and possible dilution
nothing wrong with selling shares for expenses……..just clarify
AND
get the S-1 done and VCIG open
patience will be rewarded………..HOW MUCH VCIG opens for is the BIG "reward" question
if INCC "cures"-what-caused-CHILL…..it-will-go-away,,,,,,otherwise,,,it-stays
attorney letter won't automatically cure CHILL
1322 Roundtable Dr…..VIEW-IT and see for yourself
if its TRUE….its NOT "deformation" ……. the TDEY pics don't lie….
friends drove by TDEY/Jazz building-yesterday….still-DUMPY-bus-and-crap-cars-all-over
not a manufacturing piece of equipment or signs of ANY business on site
NO company signs or markers, address is half torn down……..
Nice WEBSITE…many-challenges/regulatory/issues-to-play-long…FLIP-IT
yesterday was a great day to get out……..next cycle coming
GOOD news-BAD-news-on-that 251 acres…..
the BAD news is that the acres being talked about…. is NOT zoned Industrial, so per the Chaffee County Zoning Board……no MJ cultivation………..., went through every plot in the STICKY, NONE are zoned Industrial…….
if you want to confirm for yourself, click on the STICKY land plots, get the county assessors detailed info on the plot, click on the shaded "SHOW PARCEL MAP" box on the right side, when parcel window appears, go to upper left margin, select "county zoning" box…….it will shade the MAP…NONE shade brown for industrial.
the GOOD news is the CC Zoning Board also confirms that Mehos has another, properly zoned piece of property UNDER CONTRACT………its not 100 acres, but it has the proper zoning for cultivation…
State of Colorado has not approved Mehos Medical MJ license, just Chaffee County
perfect week for the FLIP…….
got to expect a consolidation
getting OUT of CE aint happening before Oct, paperwork has yet to be submitted to regulating body
State approval is still needed
Chaffee County could vote on 2 important topics in TONIGHTS meeting
** allowing MEDICAL licensees to become RECREATIONAL licensees ( CC approved a MEDICAL license for MEhos )
** to impose a moratorium on any new licenses for Chaffee County ( Mehos got his, but this goes to REC license capability )
Mehos looks good for the GROW plot owner,, he needs to close the REAL ESTATE deal and own the land………the plots in the STICKY are NOT the land for the cultivation plot…none of those plots listed are zoned properly
Build out will take until 2015 if Mehos closes on contract ASAP, AND gets State approval……need BOTH to get PRODUCT to get revenue
Good Luck, IMO this will cycle through last weeks PPS……...