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"Seems pretty easy since they announced 64 pods in the pipeline two days after they were announced."
This is fantastic news! I can't believe I missed it! Can you point me to that announcement?
Mark was a terrible spokesman.
Well, that really sucks. When I made my decision to go long big last year, a major part of that was that Paul appeared to be one of the few mmj CEOs without a shady past and who seemed committed to shareholders (locking up preferred shares, not taking on convertible notes, and preventing dilution by cancelling equal amounts of his own shares whenever MCIG issued new shares for services).
I've continued to hold because I've thought it's a matter of time before they find (or trip over) some formula for success in this high growth gold rush sector.
To see that he has a penny stock scam past really really makes me sad, and pissed that I didn't find it in my original dd.
Dude, I'm long MCIG at just shy of 1M shares. Unfortunately many of those were brought at much higher prices than what we have today. I want this price up up up.
I don't know why you think I'd want to report you nor do I know for what. I never once stated or implied you have done anything wrong or illegal, and I personally love you sharing all the info you get. I don't think Paul should be giving it to you, but I also don't want him to stop.
There's nothing more to say.
Report you? Why would I do that? You've done nothing wrong.
Do you read anything I write? Or do you just think you know what I'm saying and don't bother to read and understand?
I know you read the text, so you understand that Reg FD does not require trading to have occurred for their to have been a violation by the company disclosing information. I'm not sure why you are stating the opposite.
It clearly states that companies should not disclose material information to holders of the company stock where it is reasonably foreseeable they may trade. This in no way places a requirement that trading must occur, only that it is reasonable that it could.
Given you are a holder of MCIG and are probably the most vocally active investor, constantly researching and gathering information that will help you make smart decisions with your investments, and that MCIG is well aware of your activities, it is reasonably foreseeable that you could trade MCIG stock in the future after receiving information.
I know you'll disagree and convince yourself you're right and I'm wrong. I'm ok with that. Go ahead if it makes you feel better.
I think you're going to have to try again ... Perhaps you should actually read Reg FD instead of an investopedia summary ...
Rule 100(b)(1) enumerates four categories of persons to whom selective disclosure may not be made absent a specified exclusion. The first three are securities market professionals -- (1) broker-dealers and their associated persons, (2) investment advisers, certain institutional investment managers24 and their associated persons, and (3) investment companies, hedge funds,25 and affiliated persons.26 These categories will include sell-side analysts, many buy-side analysts, large institutional investment managers, and other market professionals who may be likely to trade on the basis of selectively disclosed information.
***
The fourth category of person included in Rule 100(b)(1) is any holder of the issuer's securities, under circumstances in which it is reasonably foreseeable that such person would purchase or sell securities on the basis of the information.
***
Is there some big news I missed?
Linkhorst was never CEO. Thank God. He did enough damage as COO I can only imagine how much worse things would look if he was at the helm. Glad he's gone.
Santos never delivered on making VitaCig the next celebrity viral fad. Thank God he's gone.
Maury's sales experience gives me hope. Time will tell. For now, I'm glad he's still in charge.
I called snody's firing way before it was known and nobody believed me.
If you're trying to say Maury is gone, I'm listening, but you'll have to present more than just a linked in edit.
Wait, pod revenues flow through cannapod and not MCIG? That totally sucks if true.
And what about "Dom"?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=107420809
Great ...
A&C were PHOT's auditors! ...
They just dropped a few notches for me.
So I was right about Snody getting the boot?
Actually, from an SEO perspective, it works to their benefit to have different domains that reference each other and similar content.
"Paul never said it was a mistake. He never said it was not their guidance."
Your own article indicates otherwise. In it Paul specifically states the 7-10MM was based on their prior growth strategy and that it included revenues from an acquisition that has since been cancelled!
"realize that this number was not based on our current growth path."
"he (Paul) pointed out that the estimate was originally based on including revenue from acquiring Security Grade."
How can you say it's MCIG's current official guidance for investors given those two major differences from when it was PR'd and today? I'm not saying they can't hit those numbers, but I'd never make the claim that it is MCIG's guidance.
We share the same opinion
My speculation was based on a press release a while back where they talked about having to include lot/batch numbers because "major retailers" require those things for product safety / recall purposes. That was around the same time someone asked Jordan young, on Twitter IIRC, about doing a deal with CVS or Walgreens and he responded saying yes, they were working on that but "those things take time".
I don't at all.
Pure 100% speculative opinion.
The deal with a major retailer that required lot number tracking and expiration dates, fell through.
With no requirement for them to have expiration dates, they no longer need to print them.
JMHO.
Finally, you answer my question in your last sentence. Thank you.
I know what a JV is.
My question was whether Paul specifically used the term JV, or is that a term you are using to describe things?
You keep referencing a VitaCig "JV". Did Paul specifically state "JV" or are they simply looking for a corporate partner that has an equity stake?
MDXG has. I've been in since $0.50. Obviously wish I had gone in heavy...Unfortunately I went heavy on VPOR.
Apparently Paul didn't even answer that question. He left it blank.
Les is the one that answered it for him and selected the phrasing "a reverse split has not been discussed by management"
Yeah, it was owned by dror and I think yaniv too.
No, it's not what you have been saying.
You have been saying a JV partner could obtain a "controlling interest" and thus do a reverse split.
I'm saying that's not possible.
But you also mentioned verifying through outside sources as well.
Who were the outside sources? I'm happy to help verify things. I could try calling hospitals and asking to speak with a patient whose name is Jorge!
Delaying release of a 10-Q in order to put out a positive PR in the hopes of limiting share price decline would be the actions of a sleazy management team.
Not to mention that intentionally delaying release of a 10-Q would go against their fiduciary responsibility to shareholders.
Is this really something you would expect VTCQ mgmt to do? Personally, I have way more respect for them and don't think they would ever do something like that. I kind of thought you respected them too.
You were stating that a JV partner could force a reverse split and that's why Paul couldn't be more forceful about stating it wouldn't happen.
I'm stating that is not a valid reason because a JV partner could not force a reverse split. Any reverse split would be something Paul is OK with doing.
Do I think they will do one? No, there has been zero indication of plans for a reverse split.
I just don't like bad logic.
"The VTCQ 10-Q is also overdue (perhaps they're waiting to announce a JV deal at the same time if they can complete it in time)."
You've made similar statements in the past regarding financials being late because they may want to announce some news.
Why on earth would management delay financials just to simultaneously release some bit of news? What's the motivation to do so?
Joint Ventures are 50-50, so I'm not sure why you're worried about some potential future JV partner forcing a reverse split. It would either be something Paul agrees to or it wouldn't happen.
I'm confused. Didn't you just post saying you had verified he was hospitalized?
I stand corrected. I feel ridiculous. I've followed this company for 18 months and never knew they had a CFO ... Jorge L. Schcolnik ... also a director.
Apparently I suck at DD.
They have never had a CFO.
When Paul has done this in the past, payment is made with newly issued shares from MCIG, and then Paul has canceled an equal amount of shares from his own personal holdings.
It's worth noting that Paul is NOT paying for expenses with his own shares, MCIG is the party actually issuing the shares in exchange for goods or services.
Some items of interest regarding these types of transactions:
- zero net dilution.
- nominal increase in float (Paul's canceled shares weren't in float, but the shares paid for expenses presumably are).
- SEC filings for any shares canceled by Paul.
I think there is a small amount left to convert, but the share price needs to surpass .001 first ...
It's been hosted on newmcig.mcig.org for weeks now. I guess they finally deployed the changes.
"Also, I don't think buying the shell of another failed PR fluffing company constitutes using the term "take over" (LifeTech). For all we know he was one of their employees 3 or 4 years ago"
He bought life tech initially because they had some IP that he thought was useable in the vaporizer market. To my knowledge, they have not made use of that IP.
I really don't think Paul has ever intended this to be an OTC pump and dump. There are several reasons for this:
He did not dilute the existing shareholders after he purchased the shell. The first course of action for all P&Ds is to immediately issue a massive quantity of shares to the new owner diluting all other holders down to less than .01% and then reverse split to bring shares outstanding down and price up.
He has never cashed out even a single share. Despite having the price up over 80 cents.
He has repeatedly cancelled an equal amount of his own shares when issuing new shares of the company, resulting in zero net dilution of existing shareholders (until this year)
He has not taken on any debt. Most P&Ds "grow revs" by financing massive sales expansions via toxic debt and then cash out as price climbs but before the company tanks due to sales not sustaining debt repayment.
I honestly think he has seen OTC P&Ds and has tried very hard to stay clear of anything that might appear as if MCIG is one.
I'm totally open to being corrected...I don't want to be spreading bad info.
Why do you think Santos switched MCIG's address to a virtual office address?