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Hopefully the NH House votes on the marijuana bill today. Haven't seen an official statement on the vote yet.
This will close strong today with the shorts covering at the bell.
New Product!! The mCig-C4 Glass Pack!! Check out the new picture posted to their Facebook page yesterday. Preorders coming soon!
Watch for an official announcement very soon!!
https://www.facebook.com/mCigInc
mCig-C4 Glass Pak
12 + 3 O'Clock, use 3 O'Clock Base for wafer of hash/press kif sandwich with 12 O'Clock surrounding wafer. Allows easy drop in, drop out, and fast clean up.
6 O'Clock = Budlet Vapor Chamber
9 O'Clock = Wax/Oil Chamber
Preorder soon! #mCigC4
Now that they've shipped all of the pre-orders, I'm betting we get some week 1 preliminary figures very soon. Seems like management is keen on keeping customers/investors up-to-date on recent developments.
I wonder if the 23,000 orders includes previous orders on the mCig 1.0 or if the count is exclusively mCig 2.0
This is going to close strong today. There are millions of shares short and they will need to cover positions by EOD.
Where did you get this information? Please provide the source.
40% of volume shorted yesterday and actually closed slightly up. Very positive indication.
http://otcshortreport.com/index.php?index=MCIG&action=view#.UtbCYNJdW4I
I'd like to see an equity partner step in. If I had a couple million laying around, I'd try and buy preferred shares. Inject the company with some capital and go on an aggressive marketing and expansion plan. Then flip the company.
eCig actually isn't that big. If I'm looking at the financials right, they've only done $2.45 mill in revenue over the previous 9 months. However, they're sales have increased substantially over comparable 9 month period (up 295%).
http://www.sec.gov/Archives/edgar/data/1398702/000135448813006366/ecig_10q.htm
Didn't the company say they would be releasing an additional product in early February? Thought I read that somewhere.
No dumping action here. Good indication of consolidation.
Closed above open. By only .006 but its a positive signal
They're just trying to walk down the price.
I think we're moving along just fine. Volume to me means little on the surface. You could have 50 mill volume met by an equal amount of buyers and sellers. Stock then trades sideways day after day. I'd take 5-10 mill volume of strong buyers and high asks prices to push the pps up. Just all depends on the type of volume you're talking about.
I completely agree. Small float, little selling and strong buying is a perfect recipe for the squeeze we're going to see.
Wow
Yep! One hit after another. Last Friday the mayor of NY sidestepped the state to pass a bill legalizing prescription marijuana. Should continue to see this trend throught 2014. WA starts selling in June I believe.
Is the with or without the reverse split on Vape?
Boston.com: NH House considers decriminalizing marijuana
http://www.boston.com/news/local/new-hampshire/2014/01/12/house-considers-decriminalizing-marijuana/uoqXE7CttDBH8Zsf0yH9qL/story.html
One thing not mentioned in this article is that a recent survey showed a majority of NH citizens support legalizing marijuana for recreational use. So if NH congress members want to ensure their reelection in November, I suspect the bill should pass.
Not mCig directly. But mCig is catagorized in the mj industry and its a federal crime for banks to lend to businesses conducting unlawful activities. My point is that by passing the policy, it indirectly helps mCig. And should give the stock a boost
Another policy getting worked on but only in Colorado is loosening the banking restrictions to lend to mj companies. Once this passes, mjs across the board should get a lift.
If Alkaline Water can hit $1.20 this company with a product in high demand can probably reach $2. Still under the radar here. Best time to get in.
Qith how quickly they sold out of the mCig 1.0 I'd imagine their suppliers have allocated more production capacity to mCig 2.0. More demand and sales for mCig is more demand and sales from their suppliers.
Agree. I think the largest indication for why this isn't a pump and dump is a reduction of shares outstanding by management. Also, I haven't seen any emails from penny stock promoting outlets pumping the stock. All the PRs I've read have been legitimate.
New Hampshire state senate to vote on legalizing recreational marijuana next Wednesday. Its likely to pass
Do they have a patent on the design for this product? Sorry for the questions, just doing some DD
Do you own an mCig? Just out of curiosity?
Haha
Yep. Its not being promoted. This is Tesla on steroids. Wait... I mean Tesla on a "high". Ha
You mean Power Hour??
Stop losses kicked in. Watch this bounce at close. Sideline money has been waiting for this
This will piggyback off jobs report tomorrow morning. Market and MJs will be up.
CNBC on MJ industry right now!
More MJ coverage about to be aired on CNBC Power Lunch
All that tax revenue its just hard to imagine they wouldn't want to pass it
Thx
Did NH vote yesterday? Heavn't seen any news.
You're a good follow Burgess. Been on target with your posts