Engineering backround
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Thanks Jeans, just trying to review the facts as I see them and draw obvious conclusions. I am significantly invested in this position and do believe the return will be good when this news starts hitting the street. 10k, IPO, Sept financials with more VCIG sales, fall elections with 20 states considering MJ approvals. All these events should have a positive effect on this company.
If you build it, they will come. MCIG is developing product lines in growth sectors of MJ, ECigs, and Vape Alcohol. They are making money and building brands. They are hiring sponsors and establishing a customer base via various marketing outlets. This could be about as close to "instant coffee" as you can get with a start up company. There are those who see the opportunity ahead and want in. Weeks ahead will show that the herd is arriving. For those in the bowels of the pps trough today hanging on, the pay off will be worth the pain of the moment.
Low volume, no update from 7-28 news, pps trickling down so buys can be made prior to imminent launch. Investors getting nervous as contrarians inject doubt to the position they’ve taken as they see their investment slide lower. These pros pour salt into gaping wounds as money is lost hourly. It’s a cruel situation for those who are hoping to make money sooner than later from their positions. This trough will pass soon enough. Patience and resolve will win the day and the future will be profitable. Substantial gains are coming to those with the stomach to grind it out and take the bitter medicine of a pps languishing in the face of a stagnant period and manipulators preying on opportunity and fear.
Stay the course and reward is days away.
Buying Opportunity, after 10k, this pps will continue to get pricey. The low we'll likely see if the wait on the 10k drags out this week is touching $.40 IMO. That would be a great entry point as pps is poised to break to the upside.
Simple Concept for PPS next week.
The 10k financial report will be released soon( by early next week). Prior PR stated a 1100% profit. This is good news. Prior PR disclosed details regarding the dividend that would estimate the IPO announcement about the end of the month. This is good news.
The PPS will rise on good news. It rose last time on good financial news. Sit back, take a deep breath, be convinced that your research on this company is valid, and patiently await the good news.
The odds of the imminent financial news are much greater that it's good verses that it's bad. The perception of this company will improve next week.
Real news will be out no later than next Monday. This news will be good. Doubt if this position tanks below the $.40's by then. When actual good news hits, the chart will change trend.
There was no reason for this company to lie about its financial statement on 7-28-14 for earnings. Fear flushes the weak and emotional.
It boils down to confidence in your research that is being tested as this position consolidates lower poised for some news that should cause a substantial move. The resistance level is holding in the $.40's and a series of good events are pending. 10k, IPO, financials of VCIG mid September, and what I think is a sector movement after the fall elections.
If a new brand ambassador is landed that is a household name, that will mobilize the masses also.
2 separate interests in legalization. MJ has proven to stop seizure disorders. It is also a pain reliever, anti nausea drug. The type of pot that stops seizures doesn't get people very high(high cbc, low thc). The other interest is that people want to get stoned. That is the opportunity we are chasing with MCIG.
Many legislators will consider medical mj use. They will not want to consider mj for recreational use due the existing problems this society has with addiction.
The ironic part about this story of dual interests is that when you approve mj for medical use, you open the floodgates to make it easy for recreational use and decriminalization.
Many Americans like to drink. Many Americans will liked to get stoned if pot is made legal. The mentality and priorities of many Americans today are "wings, beer, and Monday night football". We all hope that soon "weed" will be added to that priority of the masses and MCIG will vault as a business...
I would assume that would mean calendar days instead of business days because they didn't qualify it in their PR. That would mean a by 8-11 we should see the report. Expect a good report and expect a bump in pps past $.51 onto the %.60's when volume starts to build.
4 events to occur soon:
Financial report in 1-2 weeks
Dividend for VCIG,Late August, early September
Financial report, mid September
Possible sector boost after November election
These should support moving PPS to Undercover Stock's target of $1.00+
Thank you for the analysis. Very well thought out and I wonder how valid your figures are. If you are correct, the opportunity from this dividend is quite staggering for my current position. It almost seems too good to be true.
Looks like news, File the S1/A with SEC within the next 10 days hoping it will be final. Dividend delivered day SEC approves the final. Looks like dividend near months end.
"There's one major flaw in your logic. You may not be able to buy VCIG for less tha $.05. By the time VCIG starts trading we will have seen the 4th quarter financials with some real VCIG sales figures (2 weeks worth) and very likely even the 1st quarter 10-Q (sales thru 7/31/14). The pps could open at $.05 jump quickly to $.10+ and never see anything close to $.05 again."
Even at $.05 to $.10, for VCIG, a very attractive entry point for a stock that is likely to move.
Resistance strong in the low $.40's, poised to bust to the upside on news. No expectation of bad financial news that would tank this position to the $.30's.
All good things cost money. If people like the product, they will pay for what they sense is quality and value. An increase to $5.00 for the VCIG product will improve the balance sheet. Companies should charge as much as they can get away with and still be able to maintain/increase sales. We trust the management of this company is adept at sales and marketing practices. If the price point of $5.00 is to high, the customers will communicate that message by not buying it.
No one knows when this is going to happen so until it happens, it's not really news until the shareholders get the dividend added to their accounts.
There has been no news the last few months. When there was good news back in February, the position had a gradual rise and then picked up after a few weeks for the high. The situation today is different. The financials are better. It establishes a pattern. The marketing is expanding. The product line is expanding with a dividend. More financials in September. This stock probably won't rocket up and won't dive down either. I expect a nice run into September, better than the last run. This management wants to be listed on the NASDAQ. The steps they are taking is going to get them there. The herd is coming and I'm awaiting their arrival.
PPS moved to record high on good financial news in March. The upcoming news is better than the report in February so expect a run towards $1.00 in August. You also have to factor in the VCIG rollout and that could push the new high well past $1.00. In 2-14 days the financials are published. We might get more announcements. There is too much in the pipeline for this PPS to languish at or below where it is today.
Once this busts past $.51, the herd will follow to accelerate the momentum.
Hold until dividend, grossly overrated. The value of a $.01 dividend is a pittance compared to a few good days of trading where the pps could rise $.08. Why would anyone buy a stock to get a penny or hold onto a stock until they got their penny and then dump it?
The dividend is a bonus, a nice gesture from a start up company wanting to demonstrate they are on the upswing. The real opportunity to me is once VICG can be publicly traded, you buy in at a very low IPO price of $.01 to $.05 and hope it eventually does well. That's likely because it's the same management of a stock you own that you expect to do well also.
When the dividend hits, I don't see MCIG taking a major hit.
Until Financial report is officially published, PPS will lag below $.50 for the next 4-15 days. Patience will be tried. PPS has strong resistance levels so sideways/choppy movement should not be a problem awaiting good things to eventually happen.
Those "rookies" that flood into this position because their jacked about a Kardashian pushing the product are going to make you and others a lot of money.
Pretty comical to have standards of purity on who buys this stock Comrade. As long as it's bought in volume, that's the bottom line.
Takes a lot of balls or one that is incredibly stupid to short a stock that is about to take off. The carnage would be unrecoverable.
Anybody dumb enough to short this stock now is going to get roasted
Today's chart trend: UP, Volume: High
Key resistance level it $.51, When it cracks that, it's off the races Comrades. Load up more if you can, the low pps now will be a distant memory in a few days...
Undercover stock reps, 310 area code
Price targets are from previous highs($.92) to $1.50. The upcoming news will influence those targets good or bad. IPO date, September financials, MJ sector trends. Keep an eye on the ball and act accordingly.
Emptied almost everything I had in the chamber today prior to the news at 3:35P which reported to be coming. I closed some very mediocre positions and bought almost 40% more MCIG at $.46.
Just look at the last half hour of the chart after the news was announced. It went vertical...
Tomorrow could be a lot of fun Comrades.
Rocket blast, $543k earnings reported
http://finance.yahoo.com/news/mcig-inc-report-record-adjusted-193500518.html
MCIG got close to the dollar mark off some very good financial news. The news this week should be better than the last report. The stock should move to the $1.00+ mark and stay there. With the financials looking good both near and longer term, this position should hold reasonably well to not have to perform a reverse split.
VCIG IPO gets MCIG on the NASDAQ. MCIG is a company on the move with a good balance sheet, good product, and a market niche that is about to take off. Medical Marijuana is going on the ballot for almost half the states. Once voters approve it, the floodgates open for recreational use and that is where MCIG is going to make money.
Once on the NASDAQ, MCIG enters a different class that institutional investors look at. VCIG spin off is the driver to take MCIG to the next level. The IPO and dividend will come out shortly.
It could prove to be a wise move. I loaded up this week because these opportunities don't come around too often. I trust we can sit back and enjoy the move on this position.
They say the dividend will be from $.01 to $.05. VCIG will likely move once trading starts so why not open it low? One can buy much more shares at $.01 than 5 times that price.
If you buy into this companies marketing scheme and growth plan, an attractive IPO buy price is a good thing because you eventually the VCIG pps will move up.
I'd rather buy 1,000,000 shares at $.01 than $.05
Wouldn't it be better if it opened and $.01 and you purchased several million shares and sometime next year it goes past $.10? That is more realistic and puts the believers in a very good position...
Spinoff won't be cancelled. They need the spinoff to increase the market cap so MCIG can get on the NASDAQ. The market cap is one of the final criteria they don't have to be listed in NASDAQ.
VCIG is a buy at $.01 when it starts trading. Load up hard Comrade.
Last time my buddy got a tip from this guy there was a massive sell off the week later. He might not buy.