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Well played Pita...Well played. I respect ya Les and I am on the side of MCIG. I know there's been a lot of wasted time on products and projects that never came to fruition. I'm curious if any time was spent?!. Ultrasonic vaporizer?? If it was so close to being released, why not release it?? Was Snody a scam? Maybe. They seem to spit out a PR just because they had a dream about it last night. I question why people would want to associate with a company that is pretty amateurish on so many levels. A lot seems like a bunch of fluff. I'm surprised you don't admit that on a certain degree. It would make you more credible if you did.
On the other hand, I respect your commitment. I don't see these guys as running a big scam. I know they want success and I hope they get that. I think they have learned a lot and hope they continue to improve in their weaker areas. This is still a very young industry.
Remember when ppl would complain about the slow delivery time? They got better..haha. So you're telling me there's a chance! Go MCIG!!
Martin
Would you ever think that the TV show was taped when Al was CEO? Those shows tape months in advance. End of discussion on that topic.
So can we make fun of all the predictions that you made that were wrong? Or do you just wait until one is right before you say "I told you so"?.
Just want to make sure so I can prepare myself. haha.
Thanks for the great one liners and hopefully future youtube clips sleek. Best of luck to ya bud.
Martin
US manufactured liquid is nice. All of vita's previous stiks were China juice.
No new posts on the latest PR with EM-J?
I'm surprised...This is an actual PR that shows progress. No PG or PEG 400. Real curious how this affects you compared to Just Chill.
I at least would trust this product more listing all ingredients. Looks pretty legit imo.
I'm an optimist as it gets, and I even gotta agree with you Heed.
This PR is a little over the top. I'd prefer you to show this PR in terms of a quarterly report.
They gotta stop throwing these PRs saying Millions in revenue etc. Too me, a better PR would be to update how Vita has been expanding like you have been showing. Or tell us the status of Vita coming off the greys. Not speculation. It's a little absurd Les. You gotta admit.
I'm still 100% on board but this PR did little to excite me.
Martin
You are definitely a half glass empty type of guy aren't ya :)
It's obvious that it's still an uphill battle with mCig. I find it funny when some are proud when saying their predictions came true when the price falls. That's like saying, I told you so when you didn't win powerball :) Although I say our chances are slightly better :)
I think some are naive with CBD. This could be a huge industry when the country fully legalizes it. Insurance companies could even get involved which would be crazy. Please realize this industry is still EXTREMELY YOUNG! Stop acting like it's already too late. It's too late to sell those shares that you should have at .50.
If Snody produces (yes, I know, it's not a definite) something impressive, this could be a selling product.
In regards to the new CO2 extractor snody claims to be making, I believe there will be a market for it.
Yes I know - Many already have created this and some might even work better, but there are 6 different potato chip brands at my local store and they all seem to sell :)
When this market opens up more, I just hope we will be one of the brands that will be legitimate and trusted.
Also industrial hemp doesn't really require pesticides, herbicides, and others etc. to grow. It's a pretty volatile plant.
This I took from the justchill site.
OUR QUALITY CONTROL
Rigorous testing for cannabinoid content
NO genetically modified ingredients
NO pesticides, herbicides or chemical fertilizers
NO dangerous contaminants
Granted...Many companies word things carefully to trick the consumer but some of these would be hard to justify in court if they did use any of the above.
I'm not 100% sold on the product. I am surprised why I get a "high" feeling after smoking it and wonder if other ingredients are not listed on the packaging. Yes you can puff glue and spray paint, but I'd like to use my own logical conclusion that this is a little safer play and might actually be somewhat healthy after more research has been done.
Martin
I want to clear up a few things from your post.
First off, if you look at Just Chill's lab test, it does claim it PASSES all pesticide tests. Also it passed all results for the Microbioligical test (e-coli etc)
Secondly, industrial hemp is produced without the bud (thc) and can have high amts of CBD. That is where this oil is extracted. Simple as that. That is why it is legal. CBD oil extracted from a marijuana plant which has trace amounts of thc is illegal to my knowledge.
CBD and THC counterbalance either other. Both have benefits in my opinion. Just because CBD oil from hemp is without the THC doesn't make it irrelevant which it seemed you were concluding.
So I suggest you reread the justchill lab report and research CBD from industrial hemp from a few sources.
Thanks all..Martin
Heed - I gotta thank you for all the DD you do with these companies. I enjoy hearing about the new store openings and new progress going on oversees etc.
Keep it up.
Martin
Easy to say that it's a disappointment, but the opposite is true.
I have a feeling this could be big for the company. CBD oil is known to prevent cancer and has other health benefits. This is what people want. Without THC this allows this product to be available in most if not all states. Think about it.
Many make predictions on this board Pita, so you say it's 50/50 on both questions?
Any idea where Priv went? Did he sell all his shares?
I don't know much but I'm on board with Les. It only takes one PR for sales to double or triple last quarters revenue. This company was not built to sell vaporizers. The was just to jump in the cannabis sector for them to pursue bigger objectives.
One can complain about their accounts losing money or about the execution on things but I think mcig is fundamentally strong. I doubt they are concerned about the naysayers.
Slow and steady wins the race. At least that's what I tell my kids :) Can I steal this line from Priv (where is he btw). Hear me now, believe me later.
Martin
Time to load up boys! Good opportunity to load up for first time shareholders or to lower your average.
Buy Recommendation from Martin!
I rarely post but I put a strong buy recommendation on this stock. I've been a long but don't own too many shares to care if it declines. I don't make predictions often but I would load up. The price it's now is pretty dead on for a great buying opportunity. Not sure if averaging down is a good strategy but I say do it to help out those that are now averaging in the .20's +.
Check back in a month to see if I was right. Maybe...maybe not.
Best of luck to all,
Martin
I wish I can hand out tissues to everyone here.
I recommend picking up a bunch of shares right now. Take it or leave the advise.
Best of luck ;)
Let me get this right. So Snody is doing his titanium designing and manufacturing on Paul's counter top in his kitchen? Is that right?
Are they still fact if they believed it at the time? Young companies have the right to change strategy correct?
If mCig was a 20 yr old company I would question why they lack follow through on some ideas but not a company in its infancy.
That might help answer the question for Les.
Martin
A little premature to make that statement wouldn't you say? Most are still afloat with mcig not slowing down in regards to new hirings and partnerships. Share price has hurt yes and is currently overvalued, but like les says, you don't base current share price on the current position of the company.
Would you agree with that statement? Takes money to make money and yes a company a yr old is still very very young. You cannot deny that.
Martin
For those expecting big revs on selling vapes online only is silly.
For you doubters, you must admit that you're curious what will happen in the future. If not, then why do you still post on this board?
It may fail, but there is some potential with their partnerships and expansion. When I buy a lotto ticket for a buck there's a good chance I will lose but I still like to take a gamble :) Especially with a company that seems to actually have forward vision in a brand new industry that is in its VERY EARLY stages in the US. If you think the money is in their current online sales....that's just flat out being short sighted.
Long MCIG
I bought the CDB oil and like Les says....It DEFINITELY gives you a buzz. I couldn't believe it. It definitely chills you out. So I will vouch for Les and agree 100% what he says about the product.
But vitamins don't look cool, taste good, offer terpenes, and quince the need to smoke a cigarette silly ;)
And who really knows the daily amt of each vitamin you need. The daily values are fictitious numbers with little research backing it. Do your thaing and look that up or just take daily values truth as most ignorant americans do.
fyi - The new vitastiks has way more vitamin and terpene content compared to the original units. You should compare the two.
Pretty impressive when you think they started with a $10 vape pen. Wonder what Charlie would have to say. I bet he didn't predict they would be expanding in such a vast area with so many new people on board. You gotta give them some credit right?
Any thoughts why VTCQ isn't trading today? Could the jump to the OTC be on the way?
Great news is...you will not find another vape pen with the quality and cost as the 3.0.
I'll even help you out. Check out the cloud v phantom vaporizer. Very similar products but simply isn't as good and it cost $30 more.
Mcig has this niche and I like the strategy of trying their name out their before trying to increase profit margins etc. Just wait for the initial reviews. Nothing can compare for the quality and price point and that is something that no one can debate.
How could mCig revenues not increase? Previous products were $15 dollar devices compared to the 3.0 at $89. You don't have to sell very many for revs to increase imo. I think people undershoot mCigs line vs VitaCig.
The 3.0 is going to take some time as blogs review the product but I expect a very positive result.
Yea, I know. I was trying to figure out Perfects rational. I agree with les and really don't understand why he thinks the companies shares have been diluted. The float may have increased, but that still doesn't mean dilution imo.
So you're saying I can dilute the stock by unloading my shares that I have held onto for the last 8 months? I didn't realize I could dilute the company so easily. Because as of now, I have them locked up and they are not in the float.
Not sure of your rational
With all the bashing of the ambassadors I actually was surprised with an encounter I had recently. I was standing in line to by some street food and showed a guy the mcig. He said, I know what that is. I thought he was bs'ing until he said, that's what Rick Ross is in. I was shocked but realized that the name is out there. Slowly but surely.
I was shocked...in a good way :)
You're losing this argument man.
You know all these expenses have come from Pauls shares. Why do you always repeat that?
The only scam are the people dreaming how next quarter's fins will be huge!! The company doesn't pump up future fins.
Paul was posted at the kiosk? Did you not see him? There is everyone's proof.
You think inventory has shrunk? I consider the name mCig an asset, I would say the brand ambassadors are an asset, Snoody and his skills and intellect are an assest, the expanding r&d team is an asset, the learning curve and experience is an asset,santos' connections are an asset, dom's skills is an asset. Get my point?
Even if each brand ambassador's fan have not bought a vitacig, it's still about building a recognizable brand. That's worth something.
Too be honest, I too would blow off the endless emails from people who lost money on this stock. Especially if the people emailing are ignorant, desperate, and angry. They are building a company and I think they don't have the time to deal with our minute problems. They have addressed issues in the past but it is absurd to address everyone. Let them do their job is what I say.
I too am ignorant and don't know what they're doing before anyone gets defensive. That's why I try to observe and not put out endless amounts of ideas for Paul to consider.
I hear ya and I agree. I too have been frustrated with the share price but I guess I have come to conclusion that this can go to 0 or 1.00. I finally have accepted that.
With that said I do see growth and people are too quick to judge the revs. Revs are not everything. There's a lot to analyze and I see a lot of promise. I know people see losses but that's expected with a new company. The difference is, the ceo has covered it all!
GLTY Al100 and the rest of the gang! Including Charlie and Monest :)
Here's a little news for ya. The only thing that will raise the share price is if big time players jump back in. And they could careless about a news article or the health of the company. Do you really think the share price went to .90 bc people loved the company and the news releases?
The company is better off than what it was back in the summer if you look at financials. Still no debt, dilution, and same outstanding shares. So revs dipped a bit. Not a huge deal breaker imo.
So what is different? More assets, more brand ambassadors, more products, Snoody's potential, Dom's potential, expansion into Colorado, first Kiosk, bigger sales team. Same info regarding debt and share count.
Can you see how I'm still positive on the company?
Also does anyone not notice the 100% gain in assets? Surprised no one has mentioned that. That to me is showing expansion.