Engineering backround
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Rosenberg likely to liquidate his shares next month. He makes more money cashing at $.10 than $.01
When will Rosenberg cash shares and liquidate MCIG? The value of this company is down to zilch. Should happen within the next 8 weeks.
Did not lock his shares, read the fine print. April 1 is D Day.
April 1, Rosenberg option to cash shares. Watch out. The ship will go down.
was your "boiler room" call from a 310 area code?
310 Area code?
Creative Dilution. This PPS keeps going to nothing. Wait till the CEO cashes his shares per rule in April 1.
Familiar pattern: Fluff PR, little substance or detail. A small bump. Once the news is digested, a sell off. The company does not identify tangible plans that can be researched or tracked. It's why the value of the company keeps going down. Investors see through this "illusion" of great plans and verbiage.
Nothing helps this pps. Dividend, Retail announcement in LA, "agreement" with manufacturer. I question whether the financials will be impressive also. The CEO and management of this company remain invisible. The die has been cast for what this company is. No one is buying, everyone is selling.
For PR's with the Colorado Company, the South African distribution, The Korean company, It's hard to find information on any of these just like it's hard to find information on Paul Rosenberg. Has anyone talked to a person in management at MCIG? Call the company that supplied the Ice Cream trucks in NY. They won't discuss MCIG.
That might answer your questions.
Why can't you find any information on the people who run or work for these companies? Has anyone ever seen Paul Rosenberg?
No information available on Korean Company. Follows a pattern with the Colorado firm, the South Africa connection, and the "Hospitality deal" in NY. If you can find information on these supposed companies, how can you know they are real?
The target marketing customer of MCIG/VCIG is an impulse buy. They have cash in their pockets and are not going to sit down at a computer and buy their VAPE products. They will buy what is on the shelf in a convenient store or Target.
MCIG need to grow sales through putting their product on the shelf. They don't have the product line that Amazon has. You are equating apples and oranges
MCIG has not announced any retail deals. If their product in not on the shelf, they won't generate enough revenue to attract big investors.
Companies will not grow revenue through internet sales or Social media. The revenue needed to attract investors will come from selling the product retail. To date, MCIG management has not disclosed a plan for retail or sent out a PR noting a channel partner. Until that happens, buying interest will be low.
MCIG has yet to announce any retail deal with a known distributor. They have only said they would sign a deal in their PR. Nothing in retail is concrete for investors to see they are going to move their product and increase revenue.
Look at the chart. Look at what happened yesterday when they released PR for new product. Where is the details of the contract signed with a distributor to sell the product other than the website and Social media? Has any investor talked to a company representative lately? Connect the dots.
New Product news has little impact on pps, so far.
The Browns best receiver, Josh Gordon, is serving an 8 game suspension for testing positive multiple times for weed. Johnny Hot Dog or any NFL player won't touch an endorsement for a company that sells prepackaged MJ with a ten foot poll.
Maybe that was done on purpose
Good point Dog, MCIG doesn't have anything special with regard to VAPE pens contrary to what they. Hyped
Thanks for the warning, Too bad I didn't bail earlier and heed your wisdom. You are right on Comrade,
Regards,
No S1 Resubmit as noted in last PR 9-19-14.
http://www.sec.gov/cgi-bin/browse-edgar?company=VitaCig&owner=exclude&action=getcompany
Company does not follow through on what it states in press releases.
Volume puny today, look for the PPS to start dripping lower on no news.
He won't return emails
pps will continue to slide because there is no news that will influence investors to buy. There is no news because there is no one working on products, retail deals, or you won't see a plan for the future of the company.
The last 10Q revenue was lower than everyone thought. We have not heard a plan to improve that. $1m was spent to take a large loss for the quarter. Do we know where that money went?
Why do we never see the CEO in public? Why is there no information available anywhere about Paul Rosenberg? Why can't we contact someone in MCIG management? Why did Rosenberg hire a lawyer who paid large fines to the SEC for security violations when he's positioning his company for the big boards? Where is the hospitality deal? Are they going to submit the S1 tomorrow like they said?
Connect the dots Comrade, I know it's hard because of your stake. MCIG is not what you think it is.
Do your projections see another entry point for one last Dead Cat bounce, then exit?
I've reached out to several investors today via email and phone and the consensus is mostly the same. MCIG is not what it had been represented to be and the pps has been reflecting that reality the last 5 weeks.
The CEO has not come out and made a statement to calm the troubled waters. No one knows who the CEO is. A company that wants to list on the NASDAQ typically doesn't operate in a vacuum.
If were the CEO of a company and had the opportunity to promote your company on CNBC, wouldn't you jump at that opportunity?
The Emperor has no clothes. Just watch the chart.
The carnage you see today is several large investors selling including myself because I see nothing in the fundamentals of this company that is going to turn this train wreck around.
The CEO is invisible and has not been forthright with investors. No one has ever seen him nor has he appeared in public. On April 15 2015 he has the option to cash all his 270m shares. Run the math on that at $.10, $.05, or $.01 and think about what he might do.
Can't talk to anyone in MCIG management on the phone. Do you know any investor that has talked to Paul Rosenberg? Can't find any information about the CEO anywhere. Connect the dots about those items.
HOBO, we need to talk, have some information, email me at loebtrivante@gmail.com
The earliest the dividend would come is 4 weeks from now. They have to resubmit the S1 which last PR noted this week. As of today, no submission. The response of the SEC has taken 3 weeks on each S1, this being the fifth. They went from 45, 19, 9, 7 comments after each submission. If this progression holds, they likely will need 2 more submissions to be granted the IPO notice off effectiveness. That puts it in late November.
The dragging out of this IPO has been a factor in the pps going down 50% in the past 3 months. A finalized IPO would be the kind of news that would stop the pps slide and reverse the trend.
I don't see anything that can stop the sell off of this company and it would be the IPO for now. If people are waiting for their $.02 dividend, they will get slaughtered by the time it happens IMO.
$.25 floor breached. Death Spiral continues with this horror show. I would say that there is not many buyers left and the sellers just keep shedding.
Great points. PPS loses 50% of it's value in a short period of time and no explanation to the shareholders. We see a large expense, $1m, on the balance sheet and little revenue to show for it. No communicated plans for growing revenue. delisted to pink sheet, no communication until shareholder outrage and tanking pps.
When the value of the company keeps plummeting and the CEO is silent, what other conclusions can be drawn except the worst feared.
If their value comes later, why did we pay them NOW???
Looks like they took our money and ran for little value, parasites...
Meanwhile, the torture factory continues until investor perception is altered by significant company actions.
Carnage expected Monday happening slowly this week. Dropped to .237 already today, a new low for the past 6 months. So much for resistance floor. Criminals will be in here shortly pouring salt in our wounds and spreading doom.
Nothing seems to help this stock. The sell off continues
It would appear the that Ambassadors are parasites rather than paid endorsers because the Social Media "buzz" is non existent and the 10Q revenue was very low per expectations.
You have to hope that the CEO is not just passing out money to his friends in a complete ruse.
We will know by middle of October if the CEO has any intention of growing his company. Continued silence without a vision/plan will be very loud alarm that something is very rotten in Demmark. I have to be skeptical until I see some signs of a forthright business approach communicated to shareholders.
PPS seems to not go below .25 very much. Has held steady at that level for the past week. We are one bad news report away from that floor dropping or one good news report away from the pps trending up. The volume is puny, the short interest ranges 15-60% on any given day averaging about 30%. With low volume, seems that short interest could be covered in a few days if necessary.
We are in a lull. Good because the carnage has stopped, Bad because many are down awaiting something that will get them well.
They committed on Friday to resubmit the S1 this week. Let's see if that happens.
I have been talking to these people since February, they were spot on for the first run up. This period they are off. They always ask how many shares I have and if I bought more. Have you ever heard of Undercover Stocks? From what they have disclosed and what I have seen they are generally accurate.
I talk to UnderCover Stocks, 310 AC Santa Monica about once a week. The guy I talk to (Ethan) always returns my calls. They remain bullish on MCIG and are convinced the stock will separate itself from the MJ pack once the news hits of what they have in the pipeline. The IPO, new products, endorsements, and marketing deal. They felt they were in good shape financially and where trying to diversify in the vaporization market.
He said of all the stocks they have researched, they felt MCIG had the best chance for success get on the NASDAQ eventually. They were recommending buy also in the 40's below .50 about a month ago. They told me today that when some news hits and the sector goes on an upswing, he thought MCIG would break through the resistance and get into the .50's. He stated once that happens, the path to the $1.00 wouldn't be far behind. They think the stock has hit the bottom level at .25 as we've seen the past few days.
Talked to my Santa Monica connection this afternoon, 310 area code UnderCover Stocks and they still are convinced that MCIG will be moving up soon. They base this on all of the things the company has going on. New product offerings, IPO pending, LCIG development. He did mention they are looking at getting Vitacig in the stores. MCIG would only be in stores where MJ is legal which limits the shelf space. He felt that that stock has been beaten down by a sector drop and still some short interest. They predict some movement upwards after the IPO is approved and around election time when 7 States vote for legal medicinal MJ.
Still a very large sentiment in the US that wants to keep MJ illegal. Of course there is an equal sentiment for legalization. Because of the forces against legalized MJ, it will happen slowly, state by state over a long period.