Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
This S-1 has an attachment with the approval of the offering by De Joya Griffith, LLC. They audited the financials. This one is definitely cleaned up compared to the others.
IMO, I think BAM has given some good tweets with other vcig pictures, even was a photo of 2 Vcigs on BAM's original painting. Most of BAMs's posts were easily bashed.
however...This one though, has a great storyline...with "no drinking since Sept." etc., makes any basher look like a real fool. Good Job BAM!
Well, if it's written in bold then it HAS to happen!
:)
I also in this stock because of the positive moves by this company. Sure, i might be down 50% now, but up 50% in time seems Very Plausible IMHO.
Maybe Wolf, but not likely mcig will be a grow operation. The reason is Alan B. interview with CEO Rosenberg. Rosenberg had no interest in grow operations due to the legality on the Fed level. However, if there is a way to create or purchase a subsidiary to get past the illegality of possession, you never know. The main vision he shared was in the vape area, but things can change and I would be all for it!
I liked your reply Hobo - LOL
Have a great day!
It always HAS to rain even on the sunniest of days!
Those are excellent points! Thanks for keeping it fresh. Some things like paying the expenses of the divy get lost over time. I had forgotten it myself!
Thank you for understanding where I'm coming from with that analogy. This is a stock that is going to take off with or without our blessings. Everything is going as planned and the pps will follow.
Thank you Priveleged, I agree this garden is growing well. I have seen MCIG follow through on all their plans so far, except for that online advertising, but I'm sure there were reasons for that. Not bad considering ALL the plans that have been followed through over the months. This company IS growing!
The negative posters are to be expected on any boards. Everyone is entitled to an opinion. However, we have some great finds by the positives and that is why I'm on here reading every day. Keep up the great finds!
Nope, sometimes it is important to add honey to the boric acid silly! Sweeten it up to make it more palatable. They just much it up!
I look at life with an expectation of positive results, but with the idea that those results can take time. Like watching this company grow and expand. It is not much different then tending a garden. Looking back there have been so many positive changes since March when I first bought this stock. I am amazed at how far they have come in such a short time. Sure the pps has dropped, but not performance which will accelerate the pps later.
I see you claim positive contributions. Maybe you do have some positive contributions that I haven't seen other then the rants of what is wrong. Karma Bites!
I'm so glad you agree with such enthusiasm! With hobo at the helm all will be good since he can tell us EVERYTHING that is wrong with the company without any acknowledgment of what is right. It is time to root out all the problems. Go MCIG!!!
I elect YOU as Brand Ambassador and CEO! Now we're flyin!
Nope, your wrong. It was the stock compensation that took away the profit. An accounting method that needs to show costs, but no loss or dilution actually occurred.
You really must be smart, because I can't figure out how TRT$ could ever profit by a dime. Sure you got Derek pumping his company and getting the word out on his great company. But their latest quarterly report was pretty dismal especially since it shows how much private placement is needed to keep that company alive.
FROM AUG 13, 2014 QUARTERLY FOR TRT$
The Company's business operations generally have been financed by debt investments through promissory notes with accredited investors and equity investments in the common stock of the Company by accredited investors. During the three months of 2014, the Company obtained new debt from the issuance of secured promissory notes that supplied the funds that were needed to finance operations during the reporting period. Such new borrowings resulted in the receipt by the Company of $2,011,710. The Company also issued 6,600,000 shares of common stock for $4,014,919. The Company also received $173,420 from the exercise of warrants. While these funds sufficed to compensate for the negative cash flow from operations they were not sufficient to build up a liquidity reserve. As a result, the Company's financial position at the end of the reporting period showed a working capital deficit of $2,709,894. During the first three months of 2013 the Company obtained new financing sufficient to fund ongoing working capital requirements. We need to continue to raise funds to cover working capital requirements until we are able to raise revenues to a point of positive cash flow.
TOXIC DEBT -Plain & Simple
A Company's Stock Price May Not Always Be An Indicator Of Its Financial Health - EOM
You're Funny! ??
A faster rescheduling would be very likely with a new Head of the Justice Dept. Many politicians on both sides are wanting it changed due to their constituents demands. Once the elections are over, they can move this through much easier.
Better to be submitted later with everything answered properly rather then on time, but incomlete.
Definitely going to spin off. Its just interesting that it will be a Vcig IPO.
Good Find Officerk!!!
From USPTO (US Patent & Trademark Office). Suspension Letter
"A suspension letter suspends the action on an application. An application may be suspended for a variety of reasons. These include waiting for the disposition of a cited prior pending application to be determined or waiting for an assignment of ownership to be recorded. Applicants do not have to respond to suspension letters."
This can be recorded once VitaCig is a entity. Seems a little different approach by offering it through VitaCig. But I bet MCig trying to put alcohol vapors might send up red flags at the SEC and have LOTS of comments on the S-1. However liqcif%
Doesn't that mean MCIG would still have half the profits through VitaCig? Won't that strengthen the books of BOTH MCIG and VitaCig? In doing the shares through VitaCig, Rosenberg doesn't get any livIng except equity through MCIG, but also doesn't have to worry about donating shares. Which includes any tax issues and such issues as rumors if the bears start their contribution. I think this is a great plan and makes sense. IMO.
Brand Ambassadors do not usually do the Hard sell. The use the product, share pictures of them using or holding it. So far Bam has posted VitaCig photos on his Facebook and Intagram, Ross has a Mcig plug in a song and is coming out as the face of Mcig 3.0 Mastermind, Cheban has posted VitaCig on his Dishh website and mentioned VitaCig on the local New York Fox show. Maybe each has done more, but there is some action.
Cheban has the most potential is to being close to Kim Kardashian, but expectations are higher than reality.
Branding takes time, and that is what these ambassadors do. They HELP create the brand little by little.
Yep, down 5%...just a normal day.
I like the amendment which states the relationship changes between MCIG and Vapolution.
Vapolution members are concentrating on R&D.
MCIG will get aquire all Vapolution assets and concepts.
Vapolution will be acquired in 1 year rather than 5.
This acquisition is moving faster and once that agreement is finalized on Jan 2015, this will be part of this years financials instead of 5 years out. IMHO it seems there is a level of trust between the parties to want to move up the date. Maybe Vapolution owners/developers will back out, but how likely would that be?
As Stated in the 10~Q:
On May 23, 2014, the parties to the agreement agreed to amend the original Stock Purchase Agreement. Per the amended Stock Purchase Agreement executed as of May 23, 2014, a clarification was made to the agreement that more appropriately expresses the spirit of the transaction as agreed upon by management of mCig and the previous owners of Vapolution, Inc. As a result, one of the changes in the agreement is the disclosure that all of Vapolution’s assets were in-fact purchased by mCig as part of this agreement.
The following is a summary of the changes to the agreement:
1. In the amended agreement, former Vapolution, Inc. shareholders have autonomous control over the day-to-day operations of the Company (subsequently revised to permit day to day oversight but have mCig and the Vapolution retain the ultimate control over the business)while the Board of Directors of mCig, Inc. will have ultimate control over the business decisions within Vapolution, Inc. This differs from the original agreement whereby Vapolution, Inc. former shareholders had the ability to veto any decision made by mCig, Inc.
2. The Amended Agreement states that as part of the acquisition, all tangible and intangible assets of Vapolution, Inc. are included as part of the acquisition. This differs from the original agreement whereby the assets of Vapolution, Inc. were not acquired by mCig, Inc.
3. In the amended agreement, former Vapolution, Inc. shareholders have just one (1) year to rescind the agreement and return to full ownership of the Company as opposed to five (5) in the original agreement.
Don't be surprised if it hits after the close Monday. 5 business days After 9/15.
They have 5 business days to file an 10q after an EXTENTION to be on time. If my math is correct, by the end of the day Monday. They would get 15 days for the yearly financials.
I can't believe all the OS flack when only 450,000 shares traded today. The stock dropped, but that is not a dilution situation. How is that dilution with 125,000,000 float and only 450,000 traded??? That is a small % traded. We just need some interest again to bring up the pps. That is just a matter of time.
The OS Subject Is Dead!!! ...At Least To Me ??
Just trying to be scary stringofpearls? Yes there was an amendment dated 4/10/14 and a short conversion from preferred. This was due to the VitaCig IPO S-1 Dated 4/21/14. Back then it was clearly stated by MCIG that in order for Rosenberg to donate the VitaCig shares the had to be common shares for legal reasons. They were promptly returned back to preferred as soon as they could. You can tell a lot about this company through the intent. Rosenberg HAD to bring MCIG to common in order for him to give up ALL material rights to his shares of VCIG. This guy isn't using MCIG as a paycheck unlike other MJ stock CEOs The notice you pulled up was an amendment which actually helped increase shareholder equity!
DD
That is 360,000 shares traded so far Today.
Dilution my....! There is no dilution, only low trading and that is sinking the pps. 360,000 shares traded of a 125,000,000 float. Everyone is holding but not buying or even selling. Those of us in the know are long, and time will be gracious to us!
Your Right, dilution isn't the issue. There is hardly any trading of MCIG to be dilution. With an avg. around 700,000 to 1.5 million shares traded daily on a float of 125 million shares. That doesn't scream dilution. There just needs to be more interest on the purchase side. Hopefully the 10Q will show some solid results!
I agree the bottom hasn't hit yet needs to hit $.245 or more and THEY will try to hit $.21 next. But once the Better news is out, they will have to cover.
Mayor or Enforcer??? Sounds like your ready to collect. Well the Rick Ross Song Has Near 800,000 hits in 3 weeks on YouTube. The song immortalised MCIG since it is recorded as a word and concept and can be played for years down the road.
Didn't see Bam with the VitaCig in his mouth. Good to see he is busy. I saw a different shot where two VitaCigs were on top of an original Bam painting and it looked very "artsy"
Cheban interview was cool because he mention VitaCig, but was even better when there was a VitaCig article on The Dishh which is Cheban's website.
Money will follow!!!
Thanks Priveleged for keeping us to date. Lots of catalysts for higher pps seem to be happening!
I also received a reply on Sunday night. Someone was working late!
Kid before Christmas is right. We have to wait now for LAST Quarter to be Unwrapped...Can't Wait!!!
"The use of penny stock BOARDS to manipulate MCIG should be "not allowed", but there is no such law or rule. That is why the OTC market is so corrupt. Maybe this is not the case, but such IS the norm." LONG MCIG
I just wrote them about my VitaCig delay I've been pro mcig, I've had a notice in my mail that they were transmitted to the USPS. This happened on my first Mcig order, but not the second.
Just to make it clear about where I stand. I'm very long and heavy-for my budget-on their stock 20,425 shares and Even more if the stock drops to levels I think it might. I'll be part of the support for that battle.
The short volume is important because this shorted stocks create a downward pressure on the price. The last two days of trading had more shorting volume than the total 10 trading days put together.
More Selling = Lower Price
MCIG Short Volume
Nice Find
!