Engineering backround
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Medical MJ in most states are ballot issues, independent of Congressional races. Early polling shows significant support for MJ ballot issue for Medical MJ. Polls now showing R's hopes taking over Senate fading which will further strengthen the margin of MJ ballot approval. Don't let your politics cloud good investment opportunities like MCIG Comrade. I believe your "capitulation is completed.
O-Clerk, you stated that the floor of MCIG was $.25. So far , so good Comrade. Will you hold that prediction if the 10Q comes out to be less that satisfying?
Bleeding has stopped, temporarily. PPS has moved sideways the past few sessions. Seems to have encountered resistance at $.25. The 10Q will determine the next directions this pps takes. I wouldn't hold your breath for the IPO. It's been 17 business days and the SEC has likely ruled on the last submittal and sent it back to MCIG.
Best to wait and hope that 10Q is good. If not, the torture factory will rev up to a point that could be unimaginable.
I placed my order on the website Sunday evening and got a confirmation email right away and got an email on Monday that is had shipped. There service seems pretty good.
I ordered a 6 pack Sunday and received it today. Good Service
$.27 close, someone bought 150k about 3:45. PPS seems to no want to go below the $.25 level. I hope that's the floor until the 10Q is released.
S1 lawyer address listed
http://www.sec.gov/Archives/edgar/data/1604906/000160987614000043/vcig_s1a.htm
Looks like a nice office in home
https://www.google.com/maps/place/169+NE+43rd+St,+Miami,+FL+33137/@25.8156058,-80.1921447,3a,90y,353h,90t/data=!3m4!1e1!3m2!1spKjtkfpj8J59Qp1CVybM1w!2e0!4m2!3m1!1s0x88d9b159e3a2b88b:0x5d4b19a1268563d3!6m1!1e1
Info on Attorney
http://www.avvo.com/attorneys/33137-fl-william-eilers-1286695.html
Shipment Originated in Falls Church VA, a DC suburb. It was picked up Monday so I consider this very good service. Don't know why they are not eager to get this product into more customer hands. They are missing an opportunity for revenue.
Ordered 6 pack Vitacig Sunday. Will be delivered today. I live in Cleveland. This is good service. I don't smoke anymore and will pass these out to some guys at work who smoke to get their feedback.
Product is easy to order, receive. IF they can close a deal to get these on Convenience store shelves, The sales will really pick up. Social media is one thing, need to have it "easy" to go out and get the product when you want to use it. The masses are not in tune with ordering online...
They have to get a channel partner take this as the next step to prove they can generate some serious revenue.
Please make the case for the alternative because when I see this pps go in the toilet like it has the past 4 weeks, I am looking for cohesive reasoning for that painful reality. One reason is the "hidden" dilution of the shares...
Not the first time a startup had to find ways to pay its bills. When I see the value of a company going down to nothing and no explanation from the CEO to his investors, one has to look at reasons for the carnage.
I'm sorry Comrade, I can't take the "Don't worry, be happy" attitude. I'm losing faith and need some answers.
If you believe this company is not a scam and they are trying to make it, then you have to be willing to accept some shortfalls it has. The annual report was unprofessionally written. They do not seem to have a plan to get their product to market on normal distributions channels like convenience stores. The company president seems to be a lightweight. They had the delisting fiasco. Delays on financial reporting.
You can say these misses are because they don't care about the long term interest of a going concern while they dupe investors and take their money and run. OR... you can attribute these issues to mistakes, inexperience, or growing pains of a small startup.
The dark view watching a tanking pps with no end in sight screams SCAM.
The measured view says that this CEO will have to take few lumps and learn how to operate new, high growth potential business.
Fear is strong when you see the value of your investment plummet.
If you think this company is going to make it, then you have to wait it out and assume they will weather the current storms and eventually get to where they want to be which will return value back to the shareholders. Might take 12-24 months to turn the corner.
The VCIG dividend share value is submitted at $.01 on the S1. It is under review by the SEC. If he 10Q came out today and showed significant company revenue reported by Viticig sales, the SEC would consider this in their S1 review and kick the S1 back commenting the VCIG dividend should be reflective of revenue generated?
That is a probably the most positive explanation for this delay. Thanks for clarify the delay is until 9-20.
Revenue, Profit drive PPS. MCIG is not demonstrating it can generate the revenue and profit needed to increase its pps. How you market and distribute a new product in a competitive arena drives revenue. MCIG's plan is Brand Ambassadors, Social Media, websites, and some local "product trucks". Maybe that's ok for a start and establishing a brand and it's not a long term solution to drive high volume sales.We'll know what the results of that marketing scheme are in 15 business days. What is the vision to get from point A to point B? Potential investors need to know the plan.
CEO stays behind he scenes and is practically invisible except for his news announcements. He needs to come out and "sell" his company.
The MCIG products are good and have potential. They need a better plan that will spur interest from the investment community. Until that vision is communicated, this company will track a penny startup in the MJ sector and likely swing with what that sector does.
If you have a good product to sell, you have to get it in the hands of customers and make sure your customer service is good and responsive. Sales growth drives profit and pps.
When 10K was Delayed, PR published with expected results and other news. Now 10Q delayed and no PR. That tells me the financial news likely not good.
company's pps has lost 40% of it's value in the last month? Why wouldn't he publish a PR report like he did with the 10K that noted the expected results?
The PPS is going to continue to dive. Expect a sell off into the teens. What is going to stop it?
I suspect the IPO will require another round with the SEC. I hope the 10q comes out this week and is not delayed.
A Good 10q will stop the PPS slide and improve the spirits of all.
Puny volume, chop city, unless there is some news, the PPS is headed lower by eod.
Perception that sales and profit are going to increase is really the only thing that will drive this pps to where you are wishing it will go.
Strong 10Q, IPO complete, deal with distribution channel partner are tangible accomplishments the street needs to see to be convinced. Everything else is just people drinking Koolaid...
I believe 10Q is due this week by SEC rule. Last report due at end of July was delayed with request for extension. PR was issued 7-28 stating a lot of information, mostly what was planned and expected in the 10K. When the 10K was delivered about 15 days later, there was a small dead cat bounce and then the pps plummeted.
If buddy KAI is correct, request for 10Q filing extension, PR like prior to the 10K, then there will be no news for a while and manipulation will continue.
No real reason, the area was referenced by others on this board. They are based out of Santa Monica CA. They are trying to get people to sign onto their service and offering the MCIG opportunity as validation that they do effective research. I do believe they have basis for recommending MCIG.
The bottom line, and now it's all the really matters, Is this company going to stay in business? If you answer is yes, then they will eventually dig out of this rut, figure it out, and do well. We all know they have made some mistakes.
They are trying to crack the vaporization market on multiple fronts. I like their big picture approach with Pot, E-Cig, and alcohol. All three could do very well. They are already doing well in the MJ sector that will cycle up again.
Like the Cryptic KAI said, you have to have the stomach/balls to weather the criminal manipulation, once that passes, the future should be much better...
Continue keeping it real Comrade, better days are ahead.
Reality is the truth. PPS tanking 45% after financial report, pending IPO, Trademark, new endorsements.
What news will take this pps out of the ditch? if 10q like 10k, then the trend continues supporting a MM theory.
Watch what is happening instead of wishing something else will happen.
GL Comrade.
Logic and rational thought do not apply to a pps that is being manipulated. MM with big money, Bots, software,connections, information are no match for the poor slobs who are acting on their research. The short term is in the MM hands, Long term is for those with the stomach to endure the pain and wait for a few crumbs. The game is rigged.
Let the learning process begin, the ride will be punishing. I still have powder.
310 area code, Undercover Stock felt the resubmission of the last S1 would be sooner and approved in August, they then said first week of September. Hard to predict when the SEc will act and since there has been no news for almost 3 weeks, their average lead time for rendering a decision on an S1 submission would put that sometime this week.
The guy who was off on 2 predictions wasn't sure the IPO would happen this round. Given the track record of MCIG, I'd say we get a round 5 and this validates KAI-MC theory that a delayed IPO gives MM a chance to drive this pps train wreck into the dustbin as disillusioned investors run for the bushes in a horrific sell off down to nothing.
The reality of what you see seems more powerful than the platitudes and wishful thinking of the majority on this board. It will be interesting to see what the 10Q does to this pps. If it's anything like the 10K, the KAI-MC theory will be the truth and the pigs will be at the trough at the bottom.
Maybe there will be some crumbs left on the floor for those who can endure a significant amount of pain.
Kai-mciggy has it right. Look at the chart. To those that signed on in the .40's, it's a horror show that doesn't end. The trend is down, down, down because they can, and will. Resistance will be non existent on a sinking ship.
When she is about to go under in single digits, the pigs will load up after everyone is gone and bail out the ship for cruising again. The only question is the dump point when the pigs have their due. I say > past highs...
Year low pending for loading. Pigs belly full at new pps high then dump?
Glad you are positive and optimistic. Before we get giddy about making the Nasdaq. We need:
A good 10Q demonstrating decent revenue and profit.
The IPO finalized.
Until these are accomplished, fantasizing about a Nasdaq listing seems so premature.
Claimed IPO would be in August, then said first week of September, now they are hedging on this latest submission. In February, they noted that this stock was going to move up quickly when it was at $.29 and it did.
Of course the latest prediction is good news next week, 10Q an another announcement on a marketing item.
I do believe, at some point in the near future, the pps will reverse when the IPO hits and the election results move the sector
NASDAQ a pipe dream w/ pps $.26
Needs to be well over $1.00 and it's never been there and not even close today.
Start talking about NASDAQ listing when the value of the stock merits the discussion. Until then, it's rather a ridiculous point.
If they need to do a 10:1 reverse split to get a $.26 pps to get on the NASDAQ, this company will fold.
Those that manipulate a pps unfairly by controlling the bid/ask are criminals. They could continue to beat this pps to a pulp to drive it lower so their cohorts can get in low and make a killing.
If you suggest this stock only swings with the sector then it won't likely do much until there is attention to given to medical mj near the election. The impact of the 10Q won't matter next week.
kai-mciggy has a point. Pursuit of obscene profit is a dirty business. The logic you've stated might not apply to a company's pps that is being manipulated by criminals. The Criminals make money on the way down and they'll make it on the way up. They beat the longs into submission to cry uncle, forfeiture, then they jump in at rock bottom and make all the money as they plunder those who think they got duped. This is criminal activity but it's all perfectly legal and done all the time.
If the criminals drive it to $.09, then at what point do these pigs cash out? $.50, $1.00?
Very ugly thought and I believe that MCIG will post a decent 10Q that will reverse the downtrend that has been an horror show the past 3 weeks.
IMO, the floor is above .20, dropping in the teens is unthinkable and a major buying opportunity.
To answer your question/challenge, yes Lofaus has powder to double down in the teens. It would be the right thing to do.
The question for you an other savvy observers is: Is this company an scam that is about to fold???
I say emphatically NO!!! Teens is a major buying opportunity.
At minimum Comrade, the next sector move after the election will carry MCIG into recent highs. THAT'S ALL YOU NEED TO KNOW.
Buy now because the mid .20's is the last bargain you'll see.
Brilliant entry point, can't lose. Given your position, I would watch closely monday and be prepared to load up hard. IPO is likely delayed, dividend will have to wait for another round with the SEC.
Good news next week, contact at Undercover Stocks (310 area code, Santa Monica) was adamant that announcements were coming. He confirmed the 10Q. I pressed him about the IPO and he hedged and thought an update would be released which I think means we have another round with the SEC. He did note that there was likely a release about a distribution deal or another endorsement partner.
Generally this guy has been correct but off on timing. They still are very bullish on MCIG and feel that they will break through the resistance on the current lows with strong financial/marketing news.
That only assumes IPO approval this round which would likely be within the next 2 weeks. If the IPO is not approved, the shorts will continue to have a field day on this pps driving it down lower than some can stomach.
Look at the chart, It's beyond ugly-ville. If no IPO this round, one hope to avoid the continued carnage is a strong 10Q. The 10Q has to be reported and if the financials are decent, we should stop this bleeding reversing the current horrendous trend. The other factor working in our favor is that investors should have a sense of the value of MCIG and there is a bottom level that triggers a buy opportunity. If that is .25, we should hold indefinitely.
If we are fortunate enough for the SEC to approve the last submission, that will be large and will inflict pain on those profiting from the downside of MCIG. We all are waiting patiently and impatiently for the news to come.... GLTA
Appreciate all the Positive feedback today from Long investors today. Very educational in putting things in perspective in the face of a wildly ranging pps for this company.
Look forward to better days ahead. Long and starting to get strong.
I speak to these guys about once a week and they are adamant that this company is going to move once a series of news releases come out. 10Q, IPO, brand endorsements, and potential distribution channel partners. They feel that MCIG is one of the strong vaporization companies coming out with products that will serve a very large market. They attribute the current pps action to high short interest and manipulation that is driving the price low so those who know this stock will eventually move can get in at the lowest possible price.
Today is not pretty and there is some good basis for connecting the dots for what is happening today which means the bottom is here and the only place left to go it up.