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What a bunch of hoey! The day Malecon announces anything, they better have a financial disclosure with actual plans for growth. Any unsubstantiated forward looking statements would be ripped to shreds by some of these posters. I would rather Malecon wait until everything was set before them giving any info.
We're Doomed!!!
...maybe.
I agree, all conjecture and little to do with reality. Doesn't pass the stink test!
LOL, Yep adding more! That's great, but not unexpected GV. We only had sell volume today. We need some buy volume, so I'll be on the lookout Monday for your "purchase".
LOL, my sentiments exactly!
Actually, it is VTCQ.
No loading today except for Market Makers! Most of the volume 90%+ was on the sell side. Check the trades for today, only 30,000 buys.
These high volume uptick days with low buy volume are just MM games.
Always, always adding more also. Every time, NEVER stops.
Must be another "Blackout"!
Slow Bleeding Begins??? I would say "Continues"!
We will see what happens, but this boat may now be an upgrade from before!
I remember that fiasco. Many were on the boards wondering WTF. Not good!
No difference to me since I've been on the buy side since inception except for about 90,000 that I sold at a loss, due to FIFO, but some of those were freebies.
Vitacbd just lowered their prices. Might be a good time to try out those tinctures!
I think we will be happy when this is finally figured out.
Percentage wise, there have been more sellers than buyers most days since day one. I remember many 500,000 lots selling at .05 then .04 over the first couple months.
Well Les, at least you don't disagree that current VTCQ holders will NOT be 100% of the float. It would be reasonable some will be sold off by Malecon. I also would expect that they would also hold on to a large portion of their stock holdings to about 50% initially.
Maybe Malecon needed to go public to raise cash to get out of that Hell hole!
Les mentioned in a earlier post that 100% of the float will be current VTCQ owners. I do not believe that 100% of the float of Malecon will be Us.
Likely, this shell is likely set up so that Malecon will have capital to expand elsewhere. That would mean NOT all the shares will be restricted, only those held by insiders. But right now Malecon owns a majority of the shares.
So the question will for the stock price will be
1. What the initial offering will in shares, and
2. How desirable is the stock to the public, and
3. Can they get the word out.
The main question, I see,
4. wmHow large of a dilution of stock through an IPO of Malecon when they finally take over.
We'll see! Fingers crossed!
So you think there is no value to a company in business for OVER 40 years, and now they are just here to scam us? Maybe somebody should stop playing with pinkies? Too many memories.
Well, I'm still game and holding.
Wow NOS, I totally was off track with my own idea of your answer to that question.
Thanks Les, everything we a mess before. I have a good feel about tthis, it is good to dream again!
No wonder the new "partners" are selling the PG formulated VitaCig instead of the PG free Vitastik. What a mess.
Anyone is expecting revenues/royalties from the overseas "Vitasticks" may be disapointed.
Now these company PRs have been shown as fluff time after time, I don't expect to see 25% royalties on Vitastik. 1-3% max.
It seems so silly the VitaCig feeds on Twitter and Instagram are from Vitastik.
If there are no/low revenues, they need to cut that feed and start their own branding on the vitamin pen again. They have lost 1-1/2 years.
We can only hope the CBD lines include good margins. I think the the CBD will help revenues, but without any margin, they are just spinning their wheels. GLTA
I agree MD. Without straight info, this stock is going to be stuck big time!
Thanks Peter for responding on a positive n upbeat manner. I was always looking for "The Pop" when this stock would be noticed, but the long term potential us even better than one Pop! That is what I see. I think this will really move real soon. Best to you!
You certainly have a right to see me as a quick flip trader, but I consider my holdings an investment. Once a certain poster with the ear of Paul kept on insisting how Vitastik trademark is worthless to VitCig, I got tired of the it all. So my writings have been directed to that, but I see a reprieve, especially now those eyes have been opened and see something wrong with the picture.
That being said, this company has been innovative in its products. I'm not dumping my shares, but I'm certainly entitled to point out that the road has not been the same path as portrayed by MGMT.
The CBD line has a potential to rock, but the big questions now will be on
distribution and margins.
IMO "Distribution" is not online sales to shareholders and a few others who find out about these products. We need solid distribution and/or advertising. That means stores, vape shops, whatever...not just shareholders.
I am also a purchaser of many VitaCig and mCig products including the CBD wax. The wax has awesome effects, but tastes like hay. I didn't get the flavored juice because of the artificial ingredients. But no matter what, that stuff is potent! I love the VitaCig? Relax, now known as Boisterous Berry since Vitasitik now owns that name (a dig)
FYI, I have mcig 2.0s still in the package because I bought the mCig 3.0 which is REALLY Great. But lost faith with the 4.0. But by then MCig had moved a different direction and is now pulling revenues. Now they are building Grow Products and would love to but one of those! But shareholders can't be the only ones buying the products. I'm glad to see some footage on mCig's part.
To be quite frank with you, the main reason I am mostly ticked off is because I work in a natural foods store and wanted to introduce the PG Free line to my company, but now my hands are tied.
It is not that I don't believe in this company, I just get frustrated at times.
My venting has nothing to do with anything then the frustrations of seeing numbers move in AWEFUL directions while MGMT makes awful decisions without being forthright with the shareholders...WHO ARE ALSO OWNERS OF THOS COMPANY.
"Vitasick Trademark Is Of No Value To VitaCig!!!" look at that 20 times a day and not be ticked off!! (OK, side track)
But anyways, the trading lines have been great for upward motions lately and I am sure will see that movement sooner than the next 19 months.
BTW, I am glad you can DD a stock better than me. Personally, I have been in MCIG since Jan 2014, but obviously bought into it at the hype. After the VTCQ dividend from Mcig, I have only bought VTCQ and am now at about 1.6 cents and few hundred thousand plus compared to the 30,000 of MCig. So be mad at me if you want, but by the time any useful PR comes out, my rants will just be echos in the ears of those present today.
The only Bull is how much I spent on this stock. Your a little late to the game. When the PG free formulation was sent to me, I believed in where this could go. It was SO much better than the VitaCig with PG. The stock dived, but I kept buying more , thinking we had overseas Partners.
Sure Paul is the Owner, but giving away the Farm is not great business. Creating a nich business model - PG free formulation was great. However, overseas "Partners" with zero revenues so far after all this time, and is now a worthless business model in US because we don't have the "rights", sales distribution or anything except online.
So if a CEO going to grow a business at least it should be honest. Look back at Les' interview last September.
Paul was asked if VitaCig USA was going to receive the sales from overseas, or did overseas partners orders go to the manufacturer directly? Paul's answer was that the overseas accounts "were partners."
Partners in what? The overseas accounts never booked through their "partner" in USA to benefit shareholders at all.
Maybe Paul didn't do anything illegal, but it sure doesn't fly well with me! GLTU
Likewise, it serious when a CEO promises revenues, makes it seem like sales are increasing overseas, but doesn't actually receive royalties. Calls them a partner, LOL.
So here we are 19 months after launch. We might receive some revenue overseas, UP TO 25% (cough), but not from USA. Luckily they moved to CBD products.
Unfortunately, No Distribution.
Finally waking up to the fact we've been shamed? it was a terrible deal, I hope you can prove otherwise.
Royalties overseas will be worth 1.5 million over the next three years....according to a recent PR.
Of course when they announce $1.5 million but also claim up to 25% in future sales...what does that really mean? One is a solid projection, the other a hidden amount. Is a Vitastik sale going to be 25% for VTCQ. Probably not. Not likely 10%...CBD maybe, but of course there has to actually be sales of CBD products.
Past performance is a great indicator....we're toast.
What???? Epic Fail??? Didn't you know the worthless Vitasik Trademark will be spun to GREAT News?
VTCQ stock is as worthless as the Vitastik TM now with all that dillution. Wonderful revelations on this board that have not been noted by MGMT. Thanks Paul for great shareholder updates...not.
Sorry there GV, Paul is no Steve Jobs.
Truly all that branding for over a year is useless. Those that don't care it is a PG free formula are good. Some of us liked the idea of the chemical free aspect. But that doesn't matter.
Doesn't matter that I tried that formulation and liked it much better than the PG formulated VitaCig. It still is worthless one way or another. This Has Been A Total Waste!
VitaCBD now has CBD coffee. I received this email tonight.
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Paul's PRs are worthless to me now looking back at your interview with him Sep 2015. He was given the choice by you to claim if Vitastik in Germany is purchased from VitaCig USA Or Direct From The Manufacturer.
His Response was they are PARTNERS.
But that was false because there were no purchases except Direct To The Manufacturer.
Oh, I guess that example won't cut it since it wasn't actually a PR, just your interview.
Funny, who is biased?
Les, let's not forget how your interview painted a picture of revenues from Germany. That's what happens when you are partners...Right?
LM: Does VitaCig Germany have a separate working agreement with your vendor or do they buy directly from VitaCig US?
Rosenberg: They are partners with VitaCig US.
Actually Les, Vitastiks were part of the mix according to Paul. From Your interview with Paul Sep. 2015
LM: VitaCig South Korea offers rechargeable Vitastiks. Will you be bringing that product offering here in the U.S. also?
Rosenberg: I don't know of any plan to do that right now,
LM: Why is it the case that VitaCig South Korea is mostly selling VitaStiks in Pharmacies? Could you elaborate on the way South Korea is marketing and selling VitaStiks?
Rosenberg: That is their niche but they sell to stores and in airports also.
Somehow the Vitastik popularity in other countries doesn't matter now, but they used to. Somehow spending money on advertising for VitaCig outweighs all the social media that Vitastik is doing in Germany. Which company sells more? Who cares, it doesn't matter....it is all worthless.
Somehow we are to believe we will see revenues for these other countries. They promised before and didn't deliver.
If I wasn't in so deep, I'd dump all my shares on Monday!
After all the Brand Building with Vitastik over the last year, I would think it would be worth something.
Nope, now that Vitastik is not part of VitaCig it is WORTHLESS according to that poster.
That's Right, Worthless....Now Move Along and Be Happy!
SMH
Are you for real? They extend the contested time but they're not contesting? SMH