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The Marketwire release claims it is from VitaCig, but Remember Mike Hawkins is currently CEO of Omni Health.
Also, reporting what will be on the 10-Q from 1st Quarter back from Spring 2016 is NOT forward looking.
1.6 Million Net in Quarter 1 is GREAT News!
The Company projects to have a net income of $1.6M in its first quarter (May 1 - July 31, 2016) which consists of operational income and the income derived from discontinued operations, as it shifts its model into the pharmaceutical industry.
If the "discontinued operations" are from the VitaCig line, those wouldn't add up to much of that piece of pie!
Ouch!
My Fidelity account switched to OMHE.
OMHE NEWS
VitaCig, Inc. Announces Name Change to Omni Health, Inc., Projects $1.6M Net Income for First Quarter
MIAMI, FL--(Marketwired - Nov 21, 2016) - Omni Health, Inc., (OTC PINK: VTCQ), a pharmaceutical company, announced today its official name change from VitaCig, Inc., to Omni Health, Inc. The company will continue to trade its stock under VTCQD for the next 20 days when the company's new symbol, OMHE will become effective.
Michael Hawkins, the Company's current CEO/CFO stated, "While the transition has taken a little longer than expected we are pleased with where we are at, and where we are headed." The Company has completed its audit and will be filing the Annual Form 10K this week. The First Quarter Form 10Q will follow shortly thereafter. The Company projects to have a net income of $1.6M in its first quarter (May 1 - July 31, 2016) which consists of operational income and the income derived from discontinued operations, as it shifts its model into the pharmaceutical industry. Mr. Hawkins went on to say, "The goal is to become current in filings and move the company to the OTC Markets."
About Omni Health, Inc.
Headquartered in Miami, Florida, Omni Health Inc. operates a pharmacy operation in Hialeah, Florida, Malecon Pharmacy. Malecon Pharmacy has been a pillar of the local community since 1974 providing healthcare products, pharmacy operations, prescription drugs, and other services and products in the skin care and anti-aging industry.
Safe Harbor Statement
Any statements contained in this press release that do not describe historical facts may constitute forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Any forward-looking statements contained herein are based on current expectations, but are subject to a number of risks and uncertainties. The factors that could cause actual future results to differ materially from current expectations include, but are not limited to, risks and uncertainties relating to the Company's ability to develop, market and sell products based on its technology; the expected benefits and efficacy of the Company's products and technology; the availability of substantial additional funding for the Company to continue its operations and to conduct research and development, and future product commercialization; and the Company's business, research, product development, regulatory approval, marketing and distribution plans and strategies.
CONTACT INFORMATION
Contact:
Michael Hawkins
Attn: Chief Executive Officer
info@vitacig.org
Yes strataman, we will see the pop soon. However, I must say that I got a chuckle earlier when I read your Feb 29 prediction.
We will all be winners when the announcement hits!
My bet for this puppy to blast is on Ties Dec 6. I think they will do some kind of hello that day!
Post YOUR News Release Game.
I would like to invite all posters to a "Guess That News Release Day - Game" for VTCQ. Give a bet on the BIG news release day for VTCQ.
HOW EVER IT MUST BE A NEWS RELEASE BY OMNI OWNERS WUTH A COMPANY UPDATE AND CONTROL 20% OR MORE OF STOCK. That meas MCIG releases Do Not Count.
We know it will eventually happen, so let's keep it upbeat. "Never" and anything simular is unimaginative and over rated.
BTW, I suck at this because thought it was going to pop a year ago. LOL
GOOD LUCK!!!
Let's Play!!!
Yes JSee! That announcement was nearly a month ago, so it's got to be real close now.
Your kidding, right? Whenever Omni finally makes a statement, Paul's prediction will be long forgotten with that news.
In the meantime, MCIG stock price has doubled since Paul's Omni Health Financial News Service.
Seems like Paul did pretty good for himself in 3 weeks.
Thanks Cash, that is good info. I agree it was a pump or an attempt to subdue angry shareholders. I've heard that "Any Day Now" with the VTCQ spin-off 2 years ago.
It will get a push whenever the announcement comes, but I think it is important to keep it real. Posters figuring out how 6 million in revenue translates to this stock from an unofficial announcement isn't real.
Jsee, I agree 100% on that! No matter what, this stock will move up.
Point well taken, thanks for bringing the fact that Malecon Pharmacy is part of the mix. That is a good point. However, your proof is through a legal document.
That is the point I've been trying to make. Paul made a forward looking statement about Omni without including any past or present data.
Since last year, it has still hard for me to believe any projections by Paul when we were mislead that overseas VitaCigs would be counted in revenue. Remeber that??? We were expecting that our overseas ventures we're partnerships, but it was nothing! They were just aquaintances. Please do not even bring up any current deals because those were the deals fed to VTCQ by Paul.
Can you understand why I started reading more in between the lines on his projections?
BTW, I am completely bullish with the new company and believe it will be profitable. I was just making a point about these silly "Almost There!" statements which drive us to think something is about to happen...Not. However, I am sure we will see a bounce at Omni Health's convenience.
I am aware the announcement doesn't have to come at the time of the 10-Q, I was just feeding off your ideas of when the announcement could be given. I find it interesting when someone "LOLs" another poster for continuing the same thoughts given by that person.
Anyway, my point is the update by MCIG about Omni Health was Oct. 23rd when it was announced by Paul that the Symbol change would be any day now. Guess that isn't the case - "Any Week Now" would be more appropriate looking back.
We don't really know about current revenues. The projections that were stated by Paul are NOT official and we really don't know what the plan is going forward. This is his words on 10/23/16...
Omni Health, Inc. -- While not recorded on the financial statements of MCIG, the Company maintains approximately a 9% interest in the company. Omni Health is the manufacturer and distributor of anti-aging creams and operates a Pharmacy operation in the Miami, Florida area.
Omni Health is conservatively projecting $6M in revenue with an 8% net profit margin for FY 2017. Omni will be more active independently promoting their company as soon as the symbol change is approved, any day now. Realizing value for our shareholders is a must and we have great plans for our position in Omni for our shareholders.
I have been around enough to finally get better at reading between the lines on Paul's announcements.
He states that Omni operates the FL pharmacy and manufactures anti aging creams. Until we hear otherwise, Malecon owns Omni not the other way around because it was Malecon who was the original shell purchaser. That means Omni Health could be a subsidiary of Malecon which would mean NO Malecon revenues for us. So until the actual announcement by Omni we don't know if those creams are going to be the main focus of this business. But my guess is the original Pharmacy will be independent of the ticker. I think the announcement will really let us know what will be going on with Omni. Until then, we do NOT have a clue as to what is going on with this company. I give Zero Credibility to revenue projections of a company by the CEO of a different company who is trying to calm his investors.
I think that proves a point that "Any Day Now" really isn't. It is just another way we get pulled around thinking something is going to happen immediately, but it doesn't. Although it might just be your opinion that an announcement will happen over a month from now, I wouldn't be surprised if it takes that long.
I think it is kinda funny putting out monetary projections when there is no presence of Omni Health anywhere to be found. Although Malecon may own Omni, we really don't know what the business plan really is going to be for us. Are there actually revenues for Omni Health now? I doubt it! Remember Paul's prediction of 6 million was for 2017 and may not even happen as fast as that, especially if they can't even get this business going after 5 months!
My guess we will be seeing cheapies for VTCQ this week!
That PR of "Any Day Now" shot the price upward of VTCQ AND MCIG by a significant amount over the following days. Coincidence???
We are still higher from it and it is still - Any Day Now!
For reverse mergers, this is probably in a category of a Very Long Process compared to others...kinda like the original VTCQ spin-off.
I don't think they have any ulterior motives, but it is just a long process. I'm just dead to any more of these Right Around The Corner projections. I've pretty much seen red for two years, like many on this board.
This eventual announcement better be good!
VTCQ is NOW Omni Health, while VitaCig is now subsidary of MCIG. This is due to the reverse merger agreement in June. No VitaCig products are on this board anymore.
VTCQ will go up, but not from VitaCig products. all VitaCig products have been relinquished back to MCIG.
Who really knows??? No matter what, whenever this announcement occurs, it will make this baby jump.
This is now a shell for Omni Health and is not affiliated with CBD that we know. All CBD products were tranfered back to MCIG. Right now we don't know for sure what they are planning. It might be specialty pharmacies according to mcig recent PR.
This is dropping fast today!
Maybe you should call your broker. Sounds like they are not doing their job!
Thanks Cash for being able to express how I see it. It figures there may have been a lot of pressure for Paul around this, but "any day now" has been a familiar theme. The last MCIG update had Mike Hawkins informing us of the name change, (which was yesterday's 8K) he also made it sound like there was finalization of the audit. We really don't know when this will happen.
The best part, though, is it will trade much higher when that announcement finally hits.
Most hit at 76 today, so tomorrow is looking good for you!
I looked at Trades History on Level II and saw the Bid had dropped to 71, but the Ask was at 79 most of the day then dropped to 75 later in the day.
I don't know what you were bidding, but it would have hit at 79, then 75 later. If it didn't hit today, you'll get a better price tomorrow IMO. GLTU
That could explain the 0 Buys today. It's a glitch!
Kinda makes you wonder about the "conservative" 6 million in Omni Health Revenue that Paul announced. He even knows their profit margin will be 8%. Sounds to me like an announcement to maintain pps for MCIG and VTCQ, but has NO teeth. Let's get a Real announcement.
As part of the PR, it reminded me of the VTCQ spin-off. It was always around the corner. Now, it probably is right around the corner, but I'm a little tired and doubtful after having carrot after carrot in front after all these years.
I was doubtful why MCIG would announce anything because they were not supposed to reveal anything about the new company. Looked like another trick by MCIG, but Les has alleviated those concerns.
I'm loaded up, but not expecting immediate results. Maybe that's a good thing. No matter when this happens, it will be a gift!
That's probably right. Thanks Les.
Old news, although it was released yesterday, that name change had taken place in August according to the 8K. The name change had already been announced on the MCIG update. I don't think we are extremely close to a ticket change yet. Kinda reminds me of the VTCQ spin-off from MCIG before. It took FOREVER!!!! GLTU
That makes sense, I'm sure Paul was asked many times by shareholders why this merger took place and now he explained the value of the deal. I'm looking forward to the announcement about their plans. GLTA
Looked like it ran out of steam after the morning run. I'm sure it will run when the actual plan is released.
I don't get this PR because I thought there was not to be anything announced before Malecon/Omni Health announces from their end.
Why did MCIG get into this now if they aren't supposed to reveal the business plan? This seems like just another PR Lite! I hope we get some REAL News Soon!
Anticipation brewing, not many sellers today. Going to .006+ with this mini rally today!
You might know insurance, but you have no idea whether this will go MMJ or not.
I find it interesting how quiet this buyout is. We don't know if they are going to do anything online. Remember, this is Om now...not Malecon, only owned by Malecon. This company can go in a totally new direction IMO.
IMO, with FL going legal, and. Malecon buying its shell from a MJ spin-off, this is going to be an MMJ Play!
The MCIG transcripts from June show this stock will be paydirt when the announcement hits!
The company believes that the new business in VitaCig Inc, they haven’t changed their name yet, the disclosure has been made, Malecon Pharmacy, is much more valuable and that once awareness has been achieved, the value of our investment we believe will be actualized, should we maintain approximately a 10% interest in this new business operation we can elect to sell our position and fund our company probably for many years to come off of this one investment, or we can continue to hold that investment as the company begins to mature and grow.
On top of all that and getting to continue to own the investment in Malecon to seeing a definitive date on the return of capital we've put into VitaCig as well as bringing in those contracts into mCig’s account, there is still direct value provided to the shareholders of mCig who were issued shares during the spinoff and they are now much in a much stronger position in that particular company and we believe that the value of their shares will increase. We see this as a win for everybody.
Would LOVE to see that PR by Monday! Why are the being so silent when it's just an expansion...right? I think there Will be some BIG news coming with this PR.
Excellent Shortorlong. I'm a little more than double that amount! I'm looking forward to a big play!