Engineering backround
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If they deliberately wait until late Friday to publish news, more than likely it is bad. They will avert a sell off by publishing bad news when everyone is leaving for the weekend.
Don't need stats to read into what that delay in reporting might mean. This report is late. They waved a carrot in front of investors faces on 7-28 and have yet to put that carrot on the table. The fact that it is taking so long should raise concerns about what OTC companies put out on PR then actually report to the SEC. Not saying that will happen in this case and it does look suspicious today.
If they report the 10K early Friday, then it would be better.
Look Comrade, I would like to drink your Koolaid as I am more interested in this company taking a rocket ride than you are and let's just keep it real with facts like this post you just made.
If this takes off like we all hope I will be dancing in the streets. Until then. I live in Missouri.
Show ME.
Get off the Koolaid, The earliest the dividend will come out is at the end of the month and likely not until early September.
What might be a celebrity to you is sheep dip to someone that is looking to invest big money on a company that is going to make a steady and sturdy profit. Sales and financials are key verses fluff and periphery of a Kardashian sycophant. I'll be chugging your Koolaid when I see this PPS bust past the resistance point of $.51 in a short period of time.
Excitement I am looking for is good financial news delivered on time with an increase in volume and uptrend in PPS. Anything less than that is dismal right now, and I am a patient individual.
Bad news is published on Fridays, If it was good Why are they waiting so long?
Still Puny Volume, not that excited Comrade.
Jonathan Cheban - Brand Ambassador?
http://finance.yahoo.com/news/mcig-inc-signs-e-reality-161608797.html
Well since this guy is tied to the Kardashians, I guess that is a step in the right direction.
Need to see the 10K... NOW!
8-12-14, Tomorrow will be released. If they don't, the pps will drop until they release. Don't expect them to be late based on all the adoration and praise heaped on this CEO.
It's hokey and it's out there so you never know. Would be nice if it was true.
Possible Buy out Altria Group
http://sierraworldequityreview.blogspot.com/2014/08/altria-group-mo-closing-in-on-buyout-of.html
Reverse Split a death sentence. If this stock can't rise above a dollar and stay their on it's own financials, a reverse split won't help it at all. Most companies that have to do a reverse split are weak financially and usually don't survive. If this stock is wallowing between $.40 and $.70 for the next 9 months, it's time to bail out.
Kim Kardashian endorsement? That would be significant. Sign an a celebrity with that much following and notoriety and it has potential for a game changer event. Imagine the airtime and run this product would get out of that. It's probably too good to be true.
Charts aside, I think Devil posed a valid question about the disappointing slide since the last PR 7-28. Why were people selling if the news is supposed to be good when it comes out next week? There should be a concern about that. Thankfully the slow leak reversed itself the past 2 days and this position held the $.40 mark.
Position never went below $.40 which would be a psychological break point of resistance. It was tested and I believe when the good news breaks Tuesday, we should see the continuation of this uptrend the past 2 days.
Current charts doom this position. The Vita Truck is a scam because no one has seen it lately and you can get a pic on the net of it... The sky is falling...
When the financial news hits next week, we'll see if the volume picks up along with the price. The news will be good and so should the impact on pps. There is always a seed of doubt when things seem to be moving south.
Chart patterns don't drive a stock price. Remember that next week
Dividend is imminent. It could come as soon as the end of the month. This company needs the spin off to get their market capitalization up so they get listed on the NASDQAQ. Given their results to date, I don't see how they would not push and deliver the dividend. MCIG management is doing what they need to do to grow and establish a company that people will want to invest in. Remember, MCIG isn't dealing with another business for S1, they are dealing with government regulators that are a bureaucracy and move slowly. Doing business with government can be a horror show to meet a desired schedule. Some bureaucrat was likely nit picking on half of the 9 comments left to respond to.
My estimate for dividend rollout is right before labor day.
8/12/14, 10k report, Position will move up on good financial data
Puny volume, position is leaking slowly down. It’s subject to the criminals beating it down so they can make their quick due and leave. Resistance is holding in the $.40’s so it’s more disappointing than the carnage of a major sell off. News will be next Tuesday, on the long end of the last release’s 15 days notice instead of 4. Can’t happen soon enough for some nervous investors, short and long, as they see their portfolio slowly bleed every day and get nauseous.
Consider this a buying opportunity, likely the last hurrah at these prices as a gauntlet of good events are imminent in the next 2 months. If you believe no company debt, gradual profits, dividends, product expansions, and innovative marketing are good things, the investment choice you have made should meet your expectations over the next 2 months. A happy time is coming, as stated by a poster earlier, patience is a virtue.
SEC approval is key for NASDAQ listing to achieve the necessary market cap. I expect this management is working very hard to respond to the 9 comments and make sure the next submittal is their final one. Having this drag out is not in the best interests of long term growth.
VCIG launches a new product in a separate market sector that has growth potential. If they are able to sign on a notable celebrity endorsement with a vested interested in the company growth, the sales will be boosted. I believe the S1 is going to happen within the next month.
Earnings announcement 8/12/14 per Bloomberg
http://www.bloomberg.com/quote/MCIG:US
2/3 down the page
Review the evidence Jeans. The previous high was $.92. It tanked when the whole sector tanked, basically cut in half. The position rose to $.92 on good financial news and a sector push.
The news coming out next week is better financial news from the last report. This company is about to issue a dividend to shareholders to increase market cap to get on the NASDAQ. $1.00 is not being on the Koolaid nor is $1.00 plus.
The company wants to push the price around $1.00 and stay there to prove it is NASDAQ ready. The targets are not out of the question.
That was the target price I was told by undercover stocks, $1.00 to $1.50 after the upcoming news. They made the right call in February and I believe they are making he right call today. A company with a product in a market with a lot of growth that is making money out of the gate is one investors are keeping their eye on. MCIG is shooting for NASDAQ listing and they are close to getting it.