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When due we see some numbers on Vitacig
Such as sale numbers & earnings
Will any of these numbers appear in the next mcig earnings report ?
I agree with you that it is not 25%
But they are spinning off a division.
So I'am not sure were this falls
Dose anyone know if the vitacig dividend going to be a Special dividend ?
if so it falls under a different set of rules for ownership
of the stock.
I know this was talked about a few days ago where you would
need to own it the day before the ex-dividend date due to the settlement date.
If it is a special dividend you could buy Mcig the day of
the ex-dividend date an still get the vitacig shares.
http://en.wikipedia.org/wiki/Special_dividend
I believe it was in this article
Capitalizing On Cannabis: An Interview With Paul Rosenberg, CEO Of MCig
I do not have pro status to view the article
what I would like to know. If you go back to last oct. I
beleive the statement was made that there supplier could
supply 100,000 to 150,000 units per month. I understand that
we do not want a lot of inventory because that cost money.
So my question here is why do I keep hearing that they short on inventory ?
Can anyone tell why they would file the monthly presentation with the SEC this month
Looks like they filed the monthly presentation with the SEC today
If you just look at the S-1 filed for vitcig.
Mcig has approx. 500 mil shares outstanding
This is the amount of shares for the div. to be paid out.
So how can there be another 125 mil shares out there ?
Here is the link to the sec filing
http://www.sec.gov/Archives/edgar/data/1525852/000155479513000375/0001554795-13-000375-index.htm
??? Would these be the shares in question
On June 18, 2013 a change in control of Lifetech Industries, Inc. (the "Company") occurred when Mr. Benjamin Chung transferred 25,000,000 common shares to Mr. Paul Rosenberg as part of a transaction whereby Mr. Rosenberg would inject up to $100,000 of equity financing into Lifetech Industries and assume the day to day responsibilities of the Company. As a result of this transaction Mr. Rosenberg now has voting control over 71.4% of the Company’s outstanding and issued common stock.
The info. that I have given you comes from the SEC filings
not the presentation that they put out today.
One thing I like to mention here I'am all for what they are doing her at mcig & vitacig
I hope all the employees make millions here
Currently I have 850,000 shares myself
It will after 11-26-14
Yes I said I agreed with you on the 500,000 shares
My point here is after 11-26-13
The company will issues new shares to pay mark
after 11-26-13
Yes you are correct in stating that Paul paid mark 500,000 shares
but that was for services rendered
According to the COO Employment Agreement the Company shall pay Chief Operating Officer One Million shares of common stock per first year. On November 26, 2014, Mr. Paul Rosenberg, President and CEO of mCig, Inc., has transferred 500,000 shares of common stock owned by him, to Mark Linkhorst for services rendered as COO of the Company. These shares were valued at $41,500 based on the price on the date of grant. It was considered as capital contribution.n 11-26-14
Then they filed a employee agreement that has the company
paying mark 1 mill shares for 11-26-13 to 11-26-14
then it will renew again for another year
The Company shall pay Chief Operating Officer One Million shares of common stock per first year.
you are a little light on that I know for a fact
the COO will receive 1 mill shares
copied from the 8k filed 3-21-14
3.Compensation. During the Term, COO shall be compensated for the Services as follows:
(i)
The Company shall pay Chief Operating Officer One Million shares of common stock per first year.
(ii)
Bonus. Employee shall be entitled to receive a bonus pursuant to the terms of the Company's executive bonus plan then in effect, which plan may be amended from time to time by the Board or the Executive Officers in their sole and absolute discretion.
(iii) Expenses. The Company shall reimburse Employee for all reasonable out-of-pocket expenses actually incurred by Employee and accounted for and evidenced in accordance with the standard policies, practices or procedures regarding expense reimbursement that the Company may establish from time to time. In addition to the foregoing, employer will reimburse employee for any and all necessary, customary, and usual expenses incurred by him while traveling for and on behalf of the employer pursuant to employer's directions.
yes that is a lot of cash 400,000 , but you have to remember
all that cash may not show up until the 2nd quarterly report.
Due to the fact that sales picked up after the close of the
1st quarter.
My guess would be the 1st quarterly report will show something
in the neighborhood of 200,000
The reason I think this
Would be there is no mention of the preferred shares in the S-1
copied from the S-1
Selling Shareholders
VitaCig, Inc. currently has one shareholder, mCig, Inc. holding 500,135,000. Upon distribution, mCig, Inc. via a dividend, shall distribute to the shareholders of common stock of mCig, Inc. exactly one share of VitaCig, Inc. per share of mCig, Inc. As a result, mCig, Inc. shall hold 230,000,000 shares VitaCig, Inc. and the current shareholders of mCig, Inc. will hold a total of 270,135,000 shares of VitaCig, Inc. Of these shareholders, only 250,000,000 shares are deemed free trading. Only these shareholders will be eligible for registration under this registration statement. These shares are held by a total of 14,842 shareholders.
The one thing everyone is forget here, I believe that the shares
had to be converted to common shares so Paul can donate the
vitacig shares that he will receive as a dividend. Then these shares will be donated to mcig as a asset . The vitacig shares that mcig will be holding then will be sold time to time to raise capitol for mcig
This maybe a little late, But I do not recall anyone mentioning that you no longer can order the glass pack
As of April 21, 2014 we are no longer selling the Glass Pak due to difficulties in sourcing enough supply to match our demand. We apologize for this inconvenience but want to ensure our customers receive their mCigs as fast as possible and not have to wait for delivery due to an optional component. - See more at: http://www.mcig.org/buy-online/#sthash.UhIoWSSS.dpuf
Question on yesterday 8-k/a filing Due you thing Paul had to convert them back to common shares, so he could donate his vitacig shares to mcig ?
We may hear something on this tomorrow in the monthly presentation
???? When SEC excepts the the S-1 for Vitacig where will that be posted ????
Question .01 per share list in the s-1filed monday could change
IT LOOKS LIKE VITACIG WILL BE LISTED AT .01 PER SHARE
JUST FOUND THIS IN THE S-1 FILING ON EDGAR
http://www.sec.gov/Archives/edgar/data/1604906/000137647414000117/0001376474-14-000117-index.htm
So you are saying that they may never list vcig on any exchanges.
Then that leads me to the question where will the profits from
sales go then . Due the profits just stay with Mcig. I thought the whole idea here was to spin vcig off to its own entity.
Vitacig Sales Numbers
Here is my opinion on how I see sales going Posted Order Numbers
Order # 1001 on 4/4
#1092 on 4/6
Then they changed the order numbers to a nine digit number by adding a 5 to the front and 1336 to the end of the number
Order #5 1243 1336 on 4/12
#5 1355 1336 on 4/15
#5 1499 1336 on 4/18
So it looks to me that there have been 499 orders placed so far. So we will just say they have had 500 orders so far for easy math
If each order was for 10 units, that would mean they have sold
10 X 500 = 5,000 units X $2.00 = $10,000
in sales since they went live
Now if the average order is 20 units then we would have double the previous numbers stated
Now I have placed two orders so far, both for (30) units. I received my 1st order
yesterday. Still waiting for the 2nd order placed on 4/15
The one thing most forget is mcig will hold a 49 percent stake in vitacig my point here is if vitacig takes off mcig should follow
I have e-mailed support several times to see what the status is on the order and get no reply from them.
I do have a lot invested in them, approaching the 1 million mark
So I hope this just a start up problem
Here his the order reply
Thank you for placing your order with VitaCig, Inc.!
This email is to confirm your recent order.
Date 04/04/2014
Shipping address
xxxxxx
xxxxxx
xxxxxx
Billing address
xxxxxx
xxxxxx
xxxxxx
• 10x VitaCig - Energize for $2.00 each
• 10x VitaCig - Refresh for $2.00 each
• 10x VitaCig - Relax for $2.00 each
Subtotal : $60.00 USD
Shipping : $9.95 USD
Total : $69.95 USD
I ordered 30 VCIGs on 4/4 order 1001 and have yet to get mine as well
I see on the vitacig tweeter account states there is a new video ad due out Monday . has any one heard how the sales of vitacig are going ?
JUST ORDER 30 VITA CIG
Order ID is: #1001
Did any one see this last night
MCig dives; SA author critical of valuation, competitive standing • 7:27 PM
•SA author Charles Moscoe, who states he's a "consultant for a major player in the electronic cigarette space," believes mCig (MCIG -11.4%) "has no proprietary technology," and that similar Chinese OEM products can be easily procured.
•Moscoe also: 1) Notes mCig had Q3 revenue of just $85,109. 2) Argues mCig's VitaCig unit (set to be spun off) "competes in [a] highly fragmented electronic cigarette market" dominated by Lorillard and Altria. 3) Notes the company's recently acquired glass vaporizer product has only seen sales of $2M over the last 13 years.
•Updated March 25, 7:26 p.m.: After talking with mCig CEO Paul Rosenberg, Moscoe substitutes an author update for his original piece. Moscoe says he's now "able to see the differences between the mCig 2.0 and the devices I had originally compared it with," and says the fact mCig's primary product (mCig 2.0) only launched 60 days ago suggests the company's story is "still in its infancy." But he maintains it's "extraordinarily overvalued." MCIG +2% today.
The Seeking Alpha contributor withdrew his original piece after being contacted by mCig's CEO, and substituted updated information in its place.
??? In the March presentation on page 19 they show that vcig will list at 0.05 per share .
Also in the foot note they mention that there may be a reverse split 1:5
Did any one else notice ??