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How are those puts going for you?
You can't. There is no exchange listed options market for VPOR.
I suppose if you were really rich and had a private banking account you could probably have the bank create a custom swap for you, [which would be awesome, because the bank would have to take the other side of that (the short side), so they would hedge that by purchasing a tone of actual shares in the open market.]
I'm down. I can take care of Providence / Boston metro area.
You guys mean Dror, right? I could be wrong, but I've always seen Yaniv as the guy who definitely has strong influence on Dror, but is more the guy makes Dror's plans a reality.
I've been here since the SPLI days and have lost over 85k in that time.
I've also learned a great deal in that time.
I'm not sure the education was worth the price but I'm still here because I think this is one of the best opportunities to make that cash back.
I know the game now, and I see a stellar future given the products they are rolling out.
CashBowski, YWC, and kdeque (or something like that) have been, and are, first rate teachers.
getpensimple is most likely a rebranded ezgrinder ... just a different sales channel.
I fully agree. When they announced $99, I was skeptical. I thought it should have been more like $45-60, but oh how I was proven wrong! The demand at $99 is strong!
And once the early adopters start getting them then the real big sales wave hits as all their friends and trend followers pile on and rush to buy their own.
You're trying to say vfin dumped a measly 10k on a day that traded over 1MM?
Possibly for the spinoff?
Maybe you're recalling Florida's Charlottes Web law that requires a nursery to have been in business for 30 years, have capacity to process 400k plants per year, and be a Florida registered organization?
I believe they are. I spent a solid 5-6 hours looking into both of them a few months ago. I don't recall what connection I found, but I did conclude they were connected. Standard disclaimers of course ... it was into the wee hours of the morning and I could be been wrong.
u-neak?! Really?! Actually, I love it!
20 million by way of 5,000 preferred, each convertible into 4,000 common.
They telegraphed the china deal on 12/08 when they bought back the Chinese manufacturing rights for 200k under the conditions "if a capital raise of at least 1 million follows" ...
"Regardless, it's still generating 7 figure net earnings a year and we still have to wait for their second set of financials."
7 figure annual net earnings on a recurring basis have yet to be proven. I'd be pleasantly shocked if that is the case and would absolutely jump back in.
"Well it looks like Paul actually did hear $6 million and that argument doesn't hold water. His information has proven to be more reliable so quit picking on Paul."
Paul was not the person being picked upon ...
It's ridiculous to think that a CEO would hear 60 million instead of 6 million and not question what he heard given the magnitude of the difference.
He bypassed the whole issue by merging with a new company.
"It would make more sense if the $6 million revenue number was a typo and should have read $60 million (or maybe Paul heard 6 instead of 60 when he called Mike for an estimate). "
Seriously?
Paul heard 6 million instead of 60 million when asking the CFO for a revenue estimate on a company he just made a huge investment into by purchasing 17M shares?
The difference there is off by an order of magnitude. If Paul is using shareholder money to invest in a company for which he has no grasp of the business and cash flows, then I don't know how you could recommend him as a good steward of investor money.
$99 is pricey. It certainly won't capture the mass MJ market, but it looks slick and I think they may be trying to go for the "Lux" MJ market.
In either case, they should be able to work their distributor sales / channel stuffing business pattern to show some nice quarters of revenue growth.
You may be right in the short term, but don't you think a wholesale pharmacy in Florida would want to sell MMJ now that it's legal? They could be the MJ source for many many retail pharmacies!
"Everything that comes out of the MCIG PR department usually has to be looked at with some amount suspicion because they NEVER say exactly what they mean"
They don't even proof their SEC filings. A while back one of their 10-K filings was copied from a previous company the CFO worked for and they forgot to change the name of the company! On top of that they listed the wrong CEO! Ridiculous...
They say they have majority ownership of MJAI. Anyone know exactly what percentage they own and who the other owners are?
Out of curiosity, how did you find your way to this message board?
Everyone would of course love it if that's really in the works.
Throw some color in the mix - how did you come by this nugget of hope?
"Company is way undervalued at this price."
I'm 102% certain you intended to say overvalued instead of undervalued. Right?
Come again?
How does MM eating that cost help the price run? Why not just stand out of the way and let the 400k @ 35 simply fill on its own, painting the tape at the higher 35 to boot!
Why would they take the time, effort, and cost to sell at 34 and buy at 35?
Damn, you are so lucky. I just noticed the run up today. Was down 98% but had bought more at .0002 for a scenario just like the one today ... Except I missed it :(.
God damn I'm pissed. I could have recouped a good portion of my losses.
Congrats to all who were on the ball ...
Dude, Paul is not smart enough to be pulling side scams. If money was his sole driver then he would have sold a bunch of stock when it was over $0.50. He didn't. Instead he locked shares up.
What a fool. He just sprays and prays, hoping one of these crazy partnerships will magically take off and MCIG will ride its success.
This is a great example of Paul getting fleeced. He is so eager to partner with other companies that he will drink whatever kool aid they serve him instead of doing base-level due diligence to (in)validate whether the partner can deliver on their promises.
Two common sense checks that should have been done here:
1. Can the potential partner finance what they are promising?
2. Does MCIG need what they are promising to deliver? (or equivalently, if MCIG had the cash equivalent, how would it invest the funds?)
3. Does the potential partner have the existing relationships, distribution network, available talent, and resources to deliver what they are promising on time, on budget, at the quality agreed to?
OMG, I'm just catching up on MCIG and see this....
Paul is being fleeced by other businesses left and right. He must smell like desperation and be open to anything.
How about standing strong and telling people to get lost unless they can pay cash for goods and services? ...
Why do I never read about MCIG actually accomplishing things like this, where Endexx entered retail stores in 10 states in 2 months:
"After launching CBD Unlimited, revenues grew at roughly 20% per month through November. In December 2015, the Company initiated a campaign to bring its products into small retail health food, vitamin and wellness stores. By February 2016, Endexx established customer retail stores in approximately 10 states, with more than 50% of the stores acting on repeat orders within the first 30 days. Since launching the program, Endexx has received high product demand and sales have increased 50-100% per month for both retail and wholesale accounts."
If Paul can't get things done, couldn't he at least hire someone who can?
I never said it was for me ...
No, you said you had info and asked for for a direct message!
Specifically you said:
"Got more info for you if you need
private message me sometime"
Yeah. I've been buying under 7. I'm honestly a little confused at the market action. There is either a huge price dislocation or the market knows something I don't.
I take Pete at his word regarding the Q1 numbers because as long as I've followed him, he's been upfront about bad news. He acknowledges it and presents a plan to address it. In this case, he is saying it has already been addressed.
That, coupled with the pending launch of a new product in a multibillion dollar market, makes me think this is a great buy and a potential acquisition target.
I do have to question my thoughts, because the market clearly disagrees with me. I'd love to hear the bear's case.
I'd be surprised if there is an intentional scam. I may very well be wrong, but I think Paul just sucks at execution and cuts corners by hiring second- or third-rate talent that never meet goals.
If Paul was going to scam, why wouldn't he have sold a bunch of his shares when MCIG was at $0.50+? He could have had 10s of millions in cash from that. I honestly can't believe he at least didn't have MCIG sell some shares back then and raise a few million in capital that he could use to grow the business.
I think he's just a shitty CEO.
I too thought it was very strange that Paul was listed as the contact on that VitaCig PR. They never proofread their docs.
This is almost as bad as the SEC filings they made which listed the wrong company and wrong executives on the SOX documents that Paul signs to state the filings are true and accurate.
Totally. If gold goes lower then there's clearly no floor in price.
You are absolutely right that owning equity in a mining company is not the same thing as owning physical metal.
However, there is a limit to how much the price of mining stock is affected by systemic market risk and overall market movements.
If stock in mining companies were to crash with the rest of the market then their market cap would fall below book value and would become a ripe acquisition target. Anyone could buy the company and profit from the sale of all the gold mined.
Thus, if gold maintains or increases its price while equity markets crash, shares in miners will effectively have a floor in their share price and actually still have potential to increase in vale.
If the a Yuan were truly free floated, there would be no price divergence between the SGE fix and the London fix. As the article notes, that would present an arbitrage opportunity. What the article should have concluded is that this arbitrage opportunity is not simply an internal one limited to foreign import banks participating in the SGE fix, but is an opportunity for anyone.
The SGE fix would simply force the LBMA fix up to parity. If it didn't, then anyone with a brain would buy at the LBMA fix, take delivery, and sell at the higher price on the SGE. Any divergence would be rapidly brought back to parity as the demand for physical delivery in London would cause the price to rise rapidly.
The twist here is that the yuan is not freely convertible. Selling physical on the SGE in exchange for yuan leaves the seller with a currency they may not be able to convert back into dollars due to the capital controls on yuan exchange. Logistically, LBMA buyers may not be able to sell on the SGE because they would have no way to convert their resulting yuan proceeds back into dollars (in quantity).
We shall see what happens. I'm stocking up in popcorn. This is going to be a very interesting show.
It's probably worth at least threatening legal action. If a lawyer contacted Dror they may at least be able to shake some info out of him.
I'd sign on to legal action if someone organizes it. I've written off my shares as worthless since last fall. I've got nothing to lose at this point.
That reminds me, what happened to the Security Grade partnership? I know the acquisition fell through, but didn't Paul say they were still a partner and would resell SG services?