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Will be interesting to watch this short term. MACD cross from the 24th is about to reverse back under the signal. Hoping for a bounce off of it instead.
50 crossing the 200, MACD already crossed. Should be fun to see how this shakes out in the near term.
Seems to be setting up nicely for a little uptrend. Would expect RSI to push at least up to the 40's. Should be fun to watch.
They're bid whacking because they're totally into that quote that was flying around about a month ago "this train is fast approaching 15th street, next aboard 25th" rofl
But yea, I totally agree, that makes no sense whatsoever. There's so much open on the table right now, that the trading right now is insignificant until we see the reported numbers for march, april & may. And just watch some traders will flock in here, push this higher still, for it to come down next week.
The numbers will tell all in the next 3 months & will tell all
All gaps must fill! If you buy into that theory
Was not expecting yesterday or today. I thought it was going to sideline until March and April numbers came out showing, an albeit small window, of what the real damage was to Main's #'s losing CVS.
I'll take this though anyday! i'm expecting a "next stop 25th street" post as comic relief from someone in the next hour.
Whoa! where did you get this number for the doctor's enrolled & how does that translate into $240 mil? Was it at the investors presentation yesterday? Anyways back to my day job, working for the man - corporate america = gentrification of man - imho
"I believe the pharmacy dispensing program is going to be HUGE!!
1000 doctors enrolled in the program.... JUST 1000 in all of America will bring us $240 million a year (a conservative number I think)!!!!!!!!! and the concern is on rapimeds?!"
Exactly, agree completely, too early to tell yet. April numbers will a good indicator - not the entire indicator but a good one.
I interviewed for a position with a 3PL carrier for general mills once. In my talk with the hiring manager they were not allowed to earn more than 15% of their annual revenue from general mills. In order to acquire more business with general mills they required them to grow xxx through other clients first. --------Now being a stretch I wonder if CVS or every other large company applies this to the sourcing of products so they are not solely relying on one company?
Couldn't have hit the nail on the head more. How conceivably long will it take to update the website! It's soooo easy to find a professional to update the website I could laugh. I don't care if they found the guy on craigslists, update the site already.
Here's a good business plan 1) Update the Website, 2) Re-update the website 3) Update the website with the most recent PR 4) Update the website some more 5) Update the website for TUT's so we don't appear like a kid's lemonade stand making millions in $ in Revenue a month 6) Hire a high schooler to shovel out Main Ave. from all the snow and then pay him to update the website using GoDaddy. 7) Update the website.
Well CHP - this post and a few of your other ones left me rolling on the floor laughing. So thanks
I read all the posts about January #'s and how a huge snow storm affected the East. You mean the Bill de Blasio called snow emergency, no one should leave their homes! its unsafe for the public to be out in this weather!..... and turned out to snow 3 inches. Modern times, especially if your business is in anyway electronic (cough cough), you can work from home and have everything set up for when you back in the office.
Blaming weather for the decrease in #'s is the BIGGEST smoke show I have ever seen!! Main Ave. is a nugget, and I want this story to play out. But it's like watching a kid ride a bike for the first time.
Divi was announced 6 months ago and has now become a reality, The Bo$$ was announced back in that time frame and is now a reality. They've produced on everything thus far in a decent timeline.
The 2 things I want to see but haven't seen recent developments on are:
U.S. distribution of VitaCig
AND
Medical Marijuana - I'm hoping for a 1 hit quitter they could get into here.
It's all about getting repeat business and repeat profit flowing! I'll stay patient as MCIG operates on cue to a business plan unbeknownst to us.
Did it open at .23? Was that a gap open down..... all gaps must close - but that was ridiculous. Seriously, could you please make the bid whacking any more obvious.......
Out of all the opportunities to do so they would have already done that if that was their intent. That road is closed because of the way they are doing the divi with Vitacig
RE: Distribution Agreement
I remember in April when MCIG was putting out their monthly investor update PowerPoints and there was a quote about a test trial for C-Stores in the U.S South-East. (Side-note: I like it better that they stopped the monthly investor updates)
I haven't seen anything else about that SE C-store test run. Either talks broke down, or they didn't move enough in the test run.
The way it would work with CVS, Walgreens, or C-store would be that they would trial, let's say - Vitacig, in 5 stores over the course of 2 weeks. If a multiple of X product moved, then they would try a regional trial run in 50-100 stores in a metropolitan area. I believe after that run they would go larger etc etc.
In essence it takes forever to get into a chain like that. I would rather pursue gas stations over CHS for a contract in the short term, but it would still take months to probably get in.
The South Korea deal as per the press release stated it took 3 months of negotiation. It also pointed out future coming business trips to Italy, Spain, etc etc all foreign countries.
I wonder what they have in their back pocket for US retail sales distribution and agreements. If they can get into Korea there has to be a test trial through C-Store (or something similar) in the works for Vitacig and hopefully MCIG (the 'mastermind' product launch would kill in select places)
Very insightful posts on the board today - thanks all!
This story's starting to get really interesting
Nope, no bad news at all. Just a red day in the mix of an uptrend. After the last leg up it will be a real positive and strength holding in this range before making the next leg up.
Everyday I'm more excited to see the MCIG story unfold. Next 6 months should be fun
Setting up to bounce off the low of the day. Either or it would secure a good buying opportunity of it didn't &/or confirm consolidation in order to support the next leg up
Thanks Officerk for the clarification. The good takeaway, even though there has been many attempts for this to go through, they are still going through with their original promise. I don't know many otcbb stocks that would go through these motions time and time again.
Also, I'm excited to see how the next couple of quarters go petaining to their growth. This business team has only been in operation for 1 year with their business plan. The impatient money has left along with a lot of the early year excitment. However this makes me excited for MCIG again, we made it to this point and MCIG is executing forward with plans into 2015 to grow the business. This should be the point where everyone should be excited about upcoming information and release.
This is the time to buy, trend has reversed since the double bottom
It's here, or whenever we get the effective statement from the SEC
As filed with the Securities and Exchange Commission on October 16, 2014
Registration No. 333-195397
"mCig, Inc., a Nevada corporation (“mCig”), is distributing to its shareholders 270,135,000 shares of Common Stock of VitaCig, Inc. (the “Company” or “VitaCig”), owned by mCig, a shareholder of VitaCig. The shareholders of mCig will receive one share of VitaCig common stock for every one shares of mCig common stock that they hold as of the record date. The record date shall be defined as the first business day following an effective statement from the SEC in regards to this Form S-1 filing[color=red][/color]."
Are you serious? What, when get to 1000 shares in volume? I have 200,000 shares and this is starting to get me crazy.
Thanks for the more detailed info. I appreciate it. I'm excited to see what happens.
I understand that Harr, but after watching this stock for quite some time it just seems as though this happens a lot here. Usually when the lots on the ask are large quantities its easier to control what the shares sell for, if you can be patient. I just really like this company and I think when you are going to sell, (which is your choice) you do have some control over what you sell for.
As usual there is nobody actually on this board. You all come on here when trading is done. This is a nice company. They look like they could be a good stock. Ive traded a lot of penny stocks and it bugs the crap out of me when someone has an ask price of .0281 and sells at .023. One trade later it's at .0215. So, what you may have spent 4 weeks building up to is now down 24% because whoever it was, just had to get out right at that time. I guess the question is, Why is somebody trading stocks that is willing to give back 24% of their profit to sell some stock, when 2 or 3 or 4% may have done the same thing. So when you come on later, think about how amazing and how much quicker your stock could get where you want it be if you just used your head and held out for closer to the price you were asking. It's a whole new concept, but they can't buy it if no one sells it. It's painful to come on this board and listen to people trying to figure out why the stock isn't going up, when all you have to do is look at the trades. Have a nice day to everyone.
Going through the 10Q -
"We also intend to continue to strengthen our balance sheet by paying off debt either through exchange of equity for cancellation of debt obligations or the payment of debt obligations with cash."
They don't have squat for cash, so they're paying off debt obligations and services with shares. At a quick glance I saw 3,500,000 shares for the last quarter. Probably more hidden. But with the volume we had today, in practicality, you could eat through those shares quick. But there is a lot of other factors involved.
Going to keep digging
Yea, but their net loss for the 9 months is (1,256,407) which comes from their operating expenses primarily of -2,337,199. That's why I wasn't too impressed. If there's some type of revenue from the website that's coming, now that could make a difference. But at that rate we have a company operating out of New Jersey with 2 very different business angles.
Still looking into it though, so anything you got let's throw on the table and see what we can come up with here.
They also have a lot of convertible notes, didn't look at the conversion times in depth yet, that will have to wait until tomorrow. Hopefully we don't have 6 million shares about to hit the float in like 3 months time haha
Doing a little background research tonight, any reason behind the claim of Q3 revenue. According to their last 10Q they where down 2nd Q this year by about 300,000 and all they do is disposal for government clientele for electronics
It's amazing to me that people whine about the PPS but every time you get some momentum with this stock, you have the people come back off of their ask price. If you are going to do these small volumes then don't do them at a loss. The people that own the stock control what it sells for. Hold your ask prices or better yet raise them. If someone wants your shares make them pay your price. I really don't know why I am posting this. Nobody is ever on this message board anyway. This is a good company. If you get behind it maybe we make some money.
I have 120,000 shares at .119
I couldn't agree more. I just don't get it. This is the first time since I cant even remember that SCRC hit .13 and 5 minutes later someone buys at the ask. They wonder why this stock wont make a run????
If people would just hold on the ask price we could be at .15
That would be great but every day someone sells at .11 at the end of the day. They give back all the gains of the day. I wish I had more confidence in this stock. I really like the company.
But why .02 spreads. All morning .48 to .50 It doesn't make sense
We seem to be on a 2.2% upswing in the last minute.
INDICIA ????????
Love it, Jake. Would someone just ask for .50
Just hold for the ask and it will run.
I read the 10Q. It says they have a 2.6 million dollar deficit and revenue of 3400 dollars. Sounds great to me.