Engineering backround
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If you look at the graph you check daily and shared with us, it is obvious the short interest in this stock is active. It is a factor in the movement of the stock right now. Not entirely the reason for the tank job but part of it.
Sniffed the Green Zone today on puny volume. I second Hobo's take on 39836
Well work on your swing and take the club back slow. Worst flaw of most is to swing too hard.
Disappointing tank job today. Was hoping for more carnage down to $.345 where a limit buy is set. I'm concerned we might have reached the floor and those bargains might be a think if the past within days.
Come here on Saturday during the day and post your thoughts. Would be nice to read your analysis Comrade.
Hope it crashes to $.345 at some point today, have a limit order in to pick up more. Keep stoking the fear Comrade.
Will go $.345 low tomorrow and end up lower than $.38. That could be the floor as more news is coming that will boost it later in the week. Volume is coming and that is bad at first and good later. I am considering a limit order at $.35/$.36 for more.
Spoke to my contact today and of course they are standing by their recommendation to buy this stock below the $.50 level. They still firmly believe a run up is imminent and will happen fast to $1.00. He mentioned that there is a short interest that is driving the price to a low level so they can get in at the lowest price so they can get a maximum gain on the run up.
He mentioned a series of news flashes coming, one by the end of the week. More in coming weeks.
I don't see this company folding like most slimy OTC pink sheets. MCIG can get out of the bad company it's in and differentiate itself. Of course there are flaws, particularly in marketing and distribution. That needs to be shored up and they need to get aggressive with their Brand endorsers particularly with Cheban who has a reality show Kardashian connection.
I spoke to them last week and they mentioned Friday was going to be a big day and it certainly was. PPS went in the crapper. More of the same today with added volume. They noted that a series of news releases was coming out along with a potential IPO at the end of the month. They cited the MJ sector will start to get active in September with the elections coming in multiple states. Not much more information than anyone on this board has reported.
Great Day? Serious Carnage on PPS, only noticeable item is volume due to all the selling. PPS is bleeding fast. Can't see all the happy talk when the position is diving below its 200 ma. Pretty ugly if you ask me.
If the dividend is issued, I would expect the day the SEC announces the IPO is finalized, public trading starts the next day. Those who receive the dividend will have a waiting period before they can decide what to do with them. Depending on brokerage houses, I would expect a 2-4 week wait.
Looks like the dividend will be at the upper limit of $.05 per share. Unless MCIG discloses some grave financial data after the IPO, I wouldn't expect the VCIG shares to drop much below $.05 per share after they are issued to MCIG shareholders. I would expect the VCIG shares to go up slightly and hold until more financial data is released. If you like the marketing and business plan of VCIG, I think this is a one time golden buying opportunity.
The MCIG pps could take a hit at the IPO announcement and I think that all depends on where it is trading at. If MCIG is still in the $.40's IPO announcement, I see a massive sell off of MCIG shares. If the PPS is over $.60, I don't expect much drop as momentum has already been established on an uptrend.
This is all opinion on my part and wishful thinking. The dividend could be delayed and all bets are off. If you believe MCIG is a viable going concern, VCIG could outrun that position with volume and good marketing. The IPO is the best time to use up your powder and put in on the line.
Dog, I think your perspective on the fins is riveting. Yes, you are calling it like you see it and that is valuable. I cite negative because it flows against the grain of most on this board.
What appeals to me about this company is it appeals to what I call the "clam chowder" mentality of America. People are oblivious to what is happening to our country where the politicians are stealing us blind. The priority is " wings, beer, and Monday Night Football"... Well with MCIG, I see the priorities changing to "Wings, Beer, Weed, and Monday Night Football". Tack on a connection to what the Kardashians are up to and you've found some areas where disposable income will flow, as superficial as that is. These low information consumers are out there and why not tap into a product that will conserve their expensive weed and give them a product that is an alternative to tobacco and nicotine.
Enjoy your voice of reason, keep bring it.
200 day moving avg near breech. Traders look at this and proclaim uptrend. Resistance has been pesky at the psychological $.40 mark. The supposed "good news" has killed volume and languished this position. Traders might sign on to a reversal next week. Of course that is wishful thinking to those who hold this position.
IMO we are in for a 3 week period of gut check until the fall season and sniffs of sales/profit news starts bringing in volume. Until then I anticipate more pain and suffering.
Face it Dog, your assessment is negative and contrary to all the Koolaid flowing here. You are raining on the parade of the anticipated promised land in the future.
I do appreciate your perspective, painful as it is to my current position. I have miscalculated and need a get well strategy. Keep it coming.
I do think that legalized MJ has one last gasp left when the fall elections occur. That could salvage my position so carnage doesn't occur when the next financial report comes.
Best Regards,
Lofaus2014
Hey Jv, how many shares to you have and what is your pps average?
I'm thinking of buying more as I see a lull for the next 2 weeks.
39307, per 32-5 is the explanation. What one would logically anticipate to occur on news has already been baked into the cake by the market/big money. There is frustration that sets in and weak hands exit with the notion of cutting their losses on a perceived bout of indifference, low volume. Digestion of the Annual report and other "flair" reports about ice cream trucks and media contact pushing sales kick in later. All of a sudden when you think this pps is heading for the crapper, languishing, going nowhere, The sniffing of future sales happens and the uptrend gets started.
Seems like the long view is the best view if you have the stomach for a leaking PPS.
Digestion of Annual Report will be a factor on what will happen in the near future. I thought the report contained some interesting material that framed some opportunities. If big money perceives those opportunities as credible, there will be happy talk soon Comrade. Cross your fingers and trust your research.
Appreciate the positive attitude and I was expecting much more on the level of news we've seen this week particularly the financials. It's disturbing to watch this position languish as it is beat up by criminal manipulators with high short interest. Then to have trolls show up on this board and pour salt in our wounds that are bleeding like the pps.
Tank job after "good" news
New Kardashian related brand ambassador, decent 10k report, nice annual report outlining company direction, products, marketing and development.
All this and the pps languishes in the red today.
What do you think will happen with some bad news?
No intent to spread fear here Comrade, just disappointed at the current performance. I believe better days are ahead. It's frustrating to watch a poorly performing pps when you consider the company doing the right things.
Lucky you, Unfortunately I'm not in the same position. I just don't see the sense in polishing a t*rd today. Hope this doesn't bleed any further because many were expecting the opposite.
Investors were not impressed with the financials
"We only dropped 50% instead of 95%"
Carnage on a financial report that was supposedly stellar? I like the enthusiasm on this board and a lot of the comments I'm reading are borderline delusional.
Look at this position tanking on actual financial data.
Thanks for your sentiment. I truly hope you are correct and I am misreading the current state of MCIG. From my perspective, the rubber meets the road today on how different this company is compared to the rest in the MJ sector. If it tanks, not much different. If it holds the line or moves up, your view is correct. Finances IMO are what drives the pps. Every potential investor wants value and opportunity. Do the current numbers inspire that interest? I tend to lean no on that question. We need to see the 10Q asap where the numbers should be better with Vcig.
One sober realist seeing carnage today.
Asyp and Rane, Thanks for clarifying the $540k revenue in the PR verses the $370k revenue reported in the 10k. The PR was accurate if you sift through all the information given.
Hope the reaction is positive tomorrow.
They reported a $540k revenue in the PR and it was actually $370k. Is there something I missed?
That kind of jumped out at me. Don't misinterpret my comments, I really want this report to be something that will be viewed positively by the street.
Volume drying up, back to puny again. Criminals will continue to beat this thing down until good financials reported in PR are on the table with the SEC.
As Hobo would say"Show me the money".
If you read his bio, he has a record of success and initially I was not impressed however given his resume, contacts, and current projects, I believe it is a good move.
I'm not a big fan of the Kardashian culture however one recognizes that these celebrities are very popular with the low information masses and hence there is money to be made by enlisting their support.
So upon further review by Lofaus, the new yesterday was a winner.
Do you think they sandbagged on these projections?
Likely a base contract rate for a period of time plus millions of shares MCIG/VCIG graduated with incentives based on market data associated with his endorsement along with his network of business and social contacts.
Rest assured that the Kardashian's best friend will be counting on the 3 sisters to help out a buddy on a new project.
I did answer the question
I am making an assumption about a late Friday report. If the news is good, why wait until late Friday to report it? Report it early Friday or even earlier.
Companies report bad news at the end of the day Friday because it is off the radar. Reporting good news anytime is just fine. I'm assuming a late Friday report won't be very good.