Engineering backround
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If you've run a Fortune 500 company and know a lot about running a business aren't you concerned about a tanking pps 40% with little information coming from the Company?
I find it reassuring that you and many other knowledgeable investors posting here believe in this company and this is why I have faith that things will turn around.
Part of running a business is moving on opportunities that close quickly as competition is trying to stay ahead of you. I only wish MCIG would move faster so they don't lose out on the opportunity in front of them.
Not excited about value of company plummeting and not much being done to stop it. We are at your "floor" right now of $.25. will see if it holds. I doubt it will. The 10Q needs to be on time and needs to be a good story. If it is delayed or is mediocre to bad, there is not much that is going to stop this horrific slide to oblivion despite all the promises that have been made and yet to materialize.
Been on Yahoo Finance for months Comrade. We need current news to give our investment a boost.
This is old news, 6-30-14 reporting. Didn't seem to help the pps that much.
Facts on deliverables are irrefutable and stand on their own. Distinguishing a fact from a promise is also clear cut and objective. I am an investor and am deeply interested in the success of this company. The key point here is that time is of the essence as the window of opportunity to stay ahead of the fierce competition quickly closes and then all the best intentions fall short. I'm sure the CEO understands this if he operates as noted on this board.
Need to keep the facts in perspective and challenge for the excellence we expect will materialize.
I would like to share your enthusiasm however the recent tank job in pps has muddied the waters and generated concern. Closing this deal would get us well in a hurry. Would hate to have another round with the SEC
We can only hope Clerk. S1 approval would be a major accomplishment and will be very well received by investors and the street IMO. Anxiously waiting to hear the status of the recent SEC filing.
Can't discount facts and reality. 40% loss of company value over the past 3 weeks. Pink sheet de-listing, no explanation to share holders. The excuse for this issue is"it's not that important, they finally addressed it". MCIG 2.5 launch- no announcement while pps tanks. The excuse for this issue is " Part of a greater plan in place, no big deal". IPO not finalized. The excuse for this issue is "They've done their part, SEC disposition out of their control." PPS tanks 40% with no explanation from the CEO. The excuse for this issue is" This CEO has done what he's said he'd do, I have trust that he will come through".
Hard to be patient when you see the value of a business wither away to levels of the other startup companies on the OTC exchange. If this company is " the best company on the OTC" then the FACTS need to line up with the PROMISES and the PPS needs to bottom and reverse.
The issues I've noted are legitimate, not whining nor bashing. I believe they are important. Businesses are measured on performance, not promises. The bottom line is everything. If you are not performing, you don't stay in business to long. The competition for e-cigs is fierce which you should be well aware with your DD. This business needs to pick up the pace of delivering before they miss the opportunity. When your competitors takes market share , it's difficult to take it away from them.
We need a strong 10Q delivered on time, this is what you call performing in business. They need to close the IPO on this round or the next. You know what they say about close to being done...
This stock should outperform the MJ index because it is vying to be a diversified vaporization company as opposed to just another MJ stock. It's why it's so import the IPO gets launch.
I can live with the PPS not going below $.25 and if that was certain, I'd expect you to empty your bank accounts and set a limit order for $.255. I don't think any of us know what the real floor is as we've seen this pps drop so sharply the last 3 weeks.
I expect a boost from the sector after the elections because half the states will have approved MJ for medical use which opens up the floodgates for the legal status in CO and WA.
BTW, if the financial news is good and the IPO is announced next week, that news will push the pps higher sooner than you predict.
Can't ignore a 40% drop in pps over the past few weeks and consider that everything is all right. If you do then you ignoring red flags. The hope is that this pps has some major resistance point, the floor, that it will not breach($.25???).
If the PPS hits a floor, then the only other move is sideways and eventually up. The chart experts can offer perspective on that as this pps is likely being manipulated based on a stagnant period.
Most of those who believe the company has some good things going can tolerate a very low point in pps that stabilizes. I shudder to think if this pps gets to the low 20's as one would think the upcoming good things and new product offerings might not materialize.
Have to see what the next few days bring because if this pps slides much lower, a lot of people will be questioning if MCIG is going to make it.
Important to stick with facts and let the chips fall as they may. Can't shoot a messenger when the facts behind the message substantiate the reality. The PPS has lost almost 40% of its value the past few weeks. There is supposedly good news of accomplishments on the horizon that when announced will reverse the death spiral this PPS is in today.
The numbers on the 10Q need to be good and show the investment community that MCIG is making money and there are good prospects for the future. That news alone could stop the bleeding reverse the negative trend. Financials need to be good and reported on time. (Next week?)
The IPO needs to be completed soon. That would give this company a major boost.
Growth will happen when MCIG/VCIG signs on with retail distributors, that would be a very strong sign of viability and earnings potential.
The longer these things drag out, the more this PPS is at the mercy of vultures that will drive it down to nothing because they can. I hope the management of the company has a sense of urgency for delivering and they come through.
We can all speak adoringly about the prospects of this company when the IPO is completed. The next financial report. The products they have. Until they finalize the IPO with the SEC, until they come out with solid tangible sales and income numbers in the 10q, and until they sign a contract with a major distributor to inventory and sell their product, All is just wishful thinking, like the vapor that comes from their product.
Promising and delivering are different and when you only have promises, you can see what is happening to the PPS as it is being beat to a pulp by those who know how to exploit lack of delivery.
We need something that can be taken to the bank and the chart of this stock tells the current story which we all know is not very pretty.
Hang in there haul, It's tough watching the pps circle the drain from manipulators savaging a quiet period. Better days are ahead. I am bleeding like you are. I added on and averaged down today. Hope the price doesn't drop any further.
Lofaus has a bid for more today, every time I keep adjusting it higher, the stock rises, hope I hit the low spot by close
It's human nature to complain when you are getting stung hard. It's not unreasonable to ask legitimate questions when your investment drops 40% in value over a few weeks. We all want the same thing and I certainly get concerned when you see the value of a company go woefully south in a hurry.
I remain optimistic that things will eventually resolve, hard to see that when the present pps is so ugly.
Rosenberg must monitor this board. Many were carping about the lack of explanation on the pink sheet delist, a day or so later - explanation. Many were carping about the lack of PR for MCIG 2.5 a day or so later - Announcement.
Hope the positive news keeps coming.
Ugly, Ugly Sell Off Stock was trading at $.48 a few weeks ago and it has lost 40% of it's value in a continuous chart death spiral. Where is the good news?
Trademarks secured: Dead Cat bounce.
OTC Pink Delisting: Did they pay the fee to get back to tier they were on before?
IPO: Oh, not in their control, we hope it happens some day.
10Q: Due next week, shutter to think of the reaction of the street if it's anything like the 10K
MCIG 2.5: Let's keep this under wraps until we hit the teens...
Hospitality Contract: Oh yeah, it's in the works and proprietary agreements dictate we can't disclose any details about it.
Am I being too harsh or do we all need to smell the coffee. MonH is licking his chops, making some returns, and will be forever present until things get better, if ever.
Late: had to file extension for timely filing delaying the report. What do you think will happen to the PPS if the same thing happens next week?
All good things cost money Comrade. The sale price should be as much as the company can get away with without losing sales. I am fine with their new aggressive pricing strategy. They will soon know if they have the product priced incorrectly
As PPS bleeds, new product announcement would at least give the appearance the company is trying to stem the tide until they release better news on the IPO and the 10Q. That fact that communication is non existent points to some potential troublesome developments.
A CEO that is "shareholder friendly" wouldn't let his investors hang out to dry as the value of his company plummets to the tune of a 30-40% loss.
I'm a long shareholder, not a basher and when you lay out the observed facts, they are negative with the same effect as the paid hedge fund employees who have an agenda to beat this pps to a pulp and regularly troll this board.
The longer this misery drags out, the more suspicious this OTC stock looks. Am I missing something here?
These may not be serious to you because you won't indicate "how long or strong" you are by not answering a simple question if you averaging up or purchasing at a low price, as you claim to keep adding to your position.
The issues that raise concern:
10k late, not well received as reflected in pps
Delay on explanation of pink sheet delisting,
MCIG 2.5 product rolled out - no PR.
PPS tanking 30% - no explanation to calm shareholders.
I can understand the IPO is somewhat our of their control until the SEC acts on the latest submission. Will be watching if the 10Q is timely.
If everything is always rosey, one has had to much Koolaid and is divorced from reality.
Not a flipper, long for now. My concern is viability and credibility of a company that is supposedly trying to move out of the exchange it is in. The misses I've seen are troublesome. Late financial news, Dividend promised - not delivered 5 months later, delay on explanation of pink sheet delisting, new product rolled out - no PR. CEO/main office not answering the phone, PPS tanking 30% - no explanation to calm shareholders.
Long investors don't like a ride to the poorhouse and that is where we are headed if this company doesn't start giving buyers a reason to buy instead of stockholders bailing out and give manipulators an opportunity to savage this pps for gain.
Last time I checked the PPS was over 7% down and tracking closing at today's low which loses half the gains we saw Friday and gets below the psychological death floor below $.30.
Say what you want about Monest, He is calling the PPS to go further in the toilet which it is. Facts speak louder than opinions. We ought not to shoot the messenger.
Theory B contends that this carnage is all be design for the specific purchase of shattering confidence, shaking shares loose for sale at a rock bottom price so that people in the know can get maximum profit on the imminent run up. Let's keep that happy theory in mind.
Carnage on pps due to no news and late financial data. S1 effective? roll the dice because I'm from Missouri on this accomplishment. 10Q this week? Don't expect much because they requested a timely fling notice to be late on the 10K. If the news was good, they should have wanted to get it on the street ASAP. The 10k report tanked the PPS 30%.
The further important information drags out, the more manipulation that can occur to trash the pps to nothing. Wouldn't it be nice if the bleeding just stopped? It hasn't and won't until this company gets some things done.
The only happy thought is that good things happen when you least expect it and the situation looks dire with intense fear in the air. It's by design.
Like it or not, his analysis on where this PPS is headed is correct. Your response is conjecture although I believe your opinion will prove to be correct.
Les reports they are in the process of switching firms that they contract for fulfillment. Privilege got a response over the weekend. I don't think customers service is an issue. I think you come off better when you correctly analyze the technical aspects of the falling PPS, the fear factor is much stronger and credible.
Enjoy your posts, we all want to make money. You work to make money on the way down and way up. Most on this board are looking to make money on the way up. What happened to that "gorgeous trade" Friday? Just a dead cat bounce?
They announced Final submission with some slight hedging, so how would it look if it was delayed again? MCIG was launched with no PR? I'll be impressed when they close the IPO and start promoting their new products in news releases.
It stated a potential reversal that needs to validate with reaching resistance of $.34, then $.36. It also could be another dead cat bounce. One uptrend candle does not make a reversal. Will have to see how it goes this week.
PPS languishes as dividend is delayed, not delivered. Promises made are not kept and investment community just watches and wonders.. MCIG needs to provided timely updates on status. The longer this takes, it's just another seed of doubt placed into potential investors minds of the viability of VCIG.
It's not about a quick buck, it's about finalizing a step to take you to the next level. If this company wants to list on the NASDAQ, it needs to deliver the dividend to get the Cap up.
Any reasonable individual understands the issues in dealing with a government bureaucracy like the SEC. Given we are in round 4 and making steady progress with 40+ comments down to 9, one would sincerely hope that MCIG is working with the SEC to close the issues. Their last PR stated that they believed this would be their "FINAL" submission.
When you state "final" to the investment community, their is some credibility attached to that. If it does not become final, it's just another setback that indicates something was missed causing the company to go back to the drawing board.
So in my view, the delivery of the dividend is important to the current success of this company because it will be significant. You need to demand more and aim higher.
"Quiet period" prior to IPO... If the criminals are positioning themselves for a fat run, then this is as per. If MCIG has "internal problems' and are about to go bust, we've been had. I feel that is a reach because good analysis suggests otherwise despite the skeptics of an OTC startup company.
Company has big plans and an agenda, I can't see someone scamming honest investors and you never know. I don't see this company going belly up with fraud, too much on the burner. If it is a scam, KNOW THIS: Criminals are setting up for one more spike in pps. It's all in front of you. The flip side is total legitimacy with growing pains that will resolve over time. I lean toward the latter and invested accordingly. Either way, there is some money to be made, sooner or later Comrade.
This management has some misses. Don't know if it's due to a lack of expertise or failure to ask for the right help. The MCIG 2.5 product launch that should be promoted was not. Delisting was not explained. Financial reports late. IPO dragged out.
The company has a lot of pluses with strong products and a market to serve. Would be tragic to have that spoiled by poor management and the associated carnage to shareholders.
I'm very serious. Accountability, Financial viability, credibility and identity will be achieved upon completion of this IPO. If the company thought it was going to take over 5 months to complete, they should have set that expectation a long time ago, they didn't so the investment and business community is waiting. I seriously think is it important they get this IPO done soon, dragging it out furthers the uncertainty.
Now if the SEC kicks it back and there are 3 comments, I would hope MCIG would have enough competence to work with the SEC to close it out quickly on resubmit.
Naive sentiment on IPO:
Manipulation, 30% loss of pps value last 2 weeks
Some quotes from posters I found interesting: