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Most dispensaries roll in house. They use overstock, lesser grade material that they have on hand. Thinking that ANY dispensary in the US is going to use a OTC pink company to roll or supply their MJ cigarettes is just foolishness.
I doubt it. I couldn't even get him to build a system for cloning, which apparently does very well, when combined with Aeroponics. He probably would have some substantial sales by now, if he got one going, over a year ago, when I inquired. He probably could have gotten Tweed to finance and test it, if he had any business savvy, instead of sticking to his penny pumping business model. He really is unfit to be a CEO.
This is how it went down, diannedawn, take notice, I can't PM.
Around March of 2014, Stella was an active member of Alan Brochstein's 420 investor service on Marketfy. She did live interviews, dropped in regularly at first, and even had her own thread in the forum "'Ask Stella".
For those who aren't familiar with 420i it is a great site with many resources and great DD by the members there. Alan has puts in 12+ hours a week, 365 days a year. He is not a promotor, just gives his views on 100's of cannabis related stocks, 99% of it is negative. The members there aren't pumpers, your more likely to see criticism as the group shares its DD. People have said some negative things about Alan, but ther was a bubble that popped and he did recover and his model portfolios are way up YTD.
Back then 420i had between 1000-2000 members. Surveys were taken and TAUG and ATTB$ were the house favorites as shown during the occasional survey. Stella worked the board well, Seth you have to admit, You were watching and loving it, you also are brilliant for keeping your distance. You can't say those weren't exciting times, you must have had a smile on your face daily.
As the bubble burst, people cashed out and threw their money into "better names" one being TAUG. Members their have some coin, as shown in the survey, so many people had 10k to 50k invested. I believe some members were also private placement investors, but I may be wrong. I know Millions were invested in TAUG by the membership.
As things fell apart, Stella popped in now and then to,let everyone know they were still making progress. Like I,said previously many people stuck up for Stella, it is extremely difficult to attack a bright Asian woman CEO, without looking like an ass. Many members continued to average down during the decline, based on the "bond" they felt with Stella.
For what it's worth, everyone was loosing money on just about anything cannabis related, so I won't single out TAUG as being particularly shady. But if Seth PLANNED THIS, it was brilliant, and I have to give him credit for creating interest in his company, it was one of the best business models I have seen come from a stuck in the mud company, in some time.
420 investor is a great site, they,have an hour,long weekly chat,that keeps everyone up,to,date. If you have never actually been on the site, sign up for a month and give it a try, I believe you will find it interesting. There are 100's of posts in the forum under TAUG, and it tells the story, extremely well.
K, your right on the vote, can't fire him though, he is extremely valuable dealing with private placements, really knows how to move the paper. I am not even here to bash the stock, the company has been doing a fine job at that themselves. Who really cares what, you say, I say , Seth or anyone for that matter. It's all shown clearly in the price of the stock, over the past two years. I haven't been following this much at all, but from what I can see, the only asset TAUG has is some sort of lawsuit, which also is their current business model.
What your not wrapping your brain around, is I was contacted, not at a phone number any of my brokers have, but at the number I used when I bought some TAUG products, lol. So your explanation makes absolutely no sense. Again, it is well documented.
No, I didn't call the SEC, even though I lost around 20k on the Stella scam, I rather move on and take full responsibility for my trading, lets me sleep better at night. I was in touch with Stella on a regular basis. She was in way over her head, just a pawn in the games that were played during "the green rush". Do you people realize, that Stella and her daughter, cooked up the Topicanna and maybe the CannaCavier in their kitchen at home? I have to say WELL PLAYED SETH !!! You brought in a bright Asian woman as CEO to push what was it, Doc Greens products at the time? She worked the 420i board hard, had everyone throwing money at the company. Let me say, MANY people stuck up for Stella until the very end, even though it was apparent she had no clue. Apparently it is difficult to attack a bright Asian woman CEO, all types were sticking up for her, basically because she was a bright Asian woman, and what kind of dirtbag would attack such a delicate flower? Again great choice at the time Seth, and you know what kind of $ was generated from her time, hanging at 420i, it was a perfect fit. Looking back, it was a brilliant plan, and I will stick around and see if you can pull off another. Reverse splits and late financials are no no's in the OTC, you should know that is the #1 way to lose investor confidence. Both of those should never have happened.
This is a old post I made on another board during "the vote"
WoW, weird. I just received a call inquiring about voting on TAUG shares. They wanted to know if I wanted to vote over the phone. When it got to the "your going to be recorded " part, the woman asked if I was going to be "supporting the board" on this matter. When I told her I certainly wasn't and I would like to see them in jail, she said oh, then have a nice day, then hung up. The number on my caller ID was 877-777-8133. Is something not quite right here? As soon as I said I wouldn't be " supporting the board" she hung up, without letting me vote. I have probably held 1000's of stocks over the years, and never got a call about voting on any issue. Is this legal or normal?
I never received an answer about this but the number was confirmed by various sources. This was extremely shady, and I ran it by my attorney and after a minute he just recommended I contact the SEC, because he never saw anything like it.
So Seth, what was up with this?
She dumped half her shares? You may want to look into it a bit more carefully. I believe she has 20+ million. Convertible B shares or something like that.
Nah, more likely diverting the finished product out the back door, for better margins.
TRTC is a much more interesting speculative play now, than it was during it's peak in 2014. They seem to be doing things they say, unlike 99% of the stocks in the cannibis sector. So much hate. You must be one of those bagholders I keep reading about, sorry for your loss. TRTC has been incredibly easy to play, even for a novice OTC investor, such as myself. The original run in 14', two Nevada runs, two plays out of the 9's and my latest entry around .125. Anyway, thanks for the hype, doesn't matter if it's positive or negative, it's all good in this sector. Wait until the general public gets ahold of the hype, you know, the type of people who think investors hub is a bar somewhere near Wall Street. Maybe a billboard warning campaign is in order?
People should stick with the facts. Fact #1 should be, never trust a scamming CEO, who posts on Ihub. The TAUG page doesn't come close to accurately describing the company. For starters last I knew, they have no products, and Stella isn't the CEO, yet Seth posts away on a site with misinformation. I want my money back for the bunk CannaCaviar they sold me, Stella promised me my money back and then left. Company broke their agreement with me, maybe I should sue. Did she really cook that crap up in her kitchen at home? What kind of idiot board members would be ok with that?
Have you ever been to one of these Marijuana Investor Summits? They are lots of fun. My favorite was attended by a guy named Bill, a guy named Mike and a woman named Stella. All three rode off into the sunset with the " investors" dough. For the most part, they are a joke where OTC types push the new MJ flavor of the day. TRTC is smart to stay away so they don't accidentally step in something stinky. Fact is that this company is way more interesting as a speculative MJ stock now, then it was two years ago when it rode the bubble. Back then it was Edible Gardens and wanting to get into the NY market. Today they still have EG and wisely stayed out of the NY market AND have an extraction facility, started a high end brand, made a deal with an established dispensary in California, gaining good traction in Nevada etc. etc. This is about the best progress your going to find in the cannabis sector, not counting Canada. Why are we comparing TRTC to Apple, Microsoft, GM and Ford again? LMAO
February 2016 and I see Stella is still listed as CEO on the board page, along with the line of snake oil products. Last I knew the TAUG site was down and their Facebook page still has the CannaCavier picture on top of the page. Thanks for the welcome to the board. Just stopped by to check if this thing still had a pulse. I was in contact with Stella until she went dark then a month or so later it was announced that she was gone. I discussed with Stella, my experience with the CBD pills. She admitted that the reviews were mixed and recommend that I try a bit of thc with them, to see if I would get better results. Have fun waiting for the BactoBots to clean up this turd, LMAO.
Thanks for the update. I see they still aren't selling the CannaCavier, wonder why? It had absolutely no effect on me, unlike some of the other industrial hemp based cbd products I have tried. Stella did admit they were having mixed results with the product. I see that Seth posts here. Hey Seth, remember the first rule of business, the customer is always right / comes first. Since I was nice enough to own your stock at one point, and I did order your new products to try and I did voice my displeasure with the quality of the product to Stella ( yes I have the correspondence saved) you would think the least you could do would be to give me my money back. It's not like I am asking for the money back that I lost on your little pump and dump play in the cannibis sector, just the $70 or so I got taken for on the snake oil pills. Brilliant move by the way, jumping on the MJ bandwagon so early, with impeccable timing, and putting Stella in as CEO to soften up the investors so the scam would seem more legit.
Been awhile, this scam is still rolling I see. Anyone know where Stella went? She or the company still owes me around $80 for the bunk CannaCaviar I purchased. I asked for a refund after purchasing a bottle, never got my refund, Stella bailed and the product doesn't even exist anymore. It was basically snake oil at around $10 per pill and people think this Shkreli guy is a scumbag,lol.
NASDAQ, lol. If by chance, a miracle happens and they do get listed, I will get a class action lawsuit going against NASDAQ for accepting a company with a policy that allows and encourages their employees to consume federally illegal drugs at work. The liability and consequences of said policy, makes this company look like a joke, especially amongst serious investors. Looks like the financiers got the crew baked enough, to convince them that releasing a bs Nasdaq pr, would boost the price. Mission accomplished, I hope the financiers and pp people, made some dough on that shady pump.
"smart money" ? Lol, The only smart money around here, are those that turned this pos into "real money" and unloaded their free shares around .05. Folks, please be extremely wary of people who talk about "smart money" especially when it is associated with accumulating an OTC stock. We all know "smart money" is always kept, as far away from the OTC as possible. Even though it has been repeated numerous times, I have yet to see where the company officially stated they were in a "quiet period " Does anyone have a link?
Maybe it's all a big misunderstanding then. I was just trying to get some information to you before the end of the day. I saw the steal your face in your avatar and thought I would help a fellow head out. We probably hung out at the same shows over the years. Also, I deal with a lab in Massachusetts and they have been servicing the accounts that CANL supposedly had in CT, all year. Nothin' left to do but smile, smile, smile GLTY
I think they shut down. Hope your not holding. If true, did your DD see this coming? Mine did and it was quite basic. A public company has way too much overhead to compete with a private testing lab at this time, it really is that simple.
Your absolutely correct about the future part. The Fizz is so loaded with preservatives, the shelf life is probably decades.
What would make me happy? I keep hearing about is this Paul fellow, can someone post a picture of him? I have been following MCIG since 2013, and I really can't recall ever seeing a picture of Paul. I just find it strange that I can find a picture or a video interview of 99.99% of the CEO's in America, but not Paul. Since you guys seem to be the only ones with an all access pass to him, why don't you do the shareholders a solid, and post a picture of our beloved messiah? Last I knew MCIG was a public company and people in public positions have a duty to the public to be transparent to who they actually are, and unfortunately, that also includes a professional photo. If you are going to say he needs his privacy or is a private person, I will say he should probably just stay in the private sector. How does that saying go, "a picture is worth 1000 words", how about a picture guys so I can get a visual of the man behind the company I am investing in?
So a JV deal was sealed? How about a source please. Without a source it has to be considered a rumor. Now that I think about it, how about a source relating to the " quiet period" also.
Best water on the market? Can someone explain to me why they need 3 preservatives, 4 if you count citric acid? When I first saw the ingredients list I knew this thing was doomed. The only reason to pack the Fizz full of so many preservatives, is to increase the shelf life, so the company can move the product around for years, without having to dump it in the toilet.
Ingredients
Carbonated Water, Erythritol, Citric Acid, Natural Flavors, Potassium Sorbate (to preserve freshness), Sodium Benzoate (to preserve freshness), Niacinamide, D-Calcium Pantothenate, Acesulfame Potassium, Sucralose, Gum Acacia, Glycerol Ester of Wood Rosin, Ascorbic Acid, FD&C Yellow 5, FD&C Blue 1, EDTA (to preserve freshness), Pyridoxine Hydrochloride, Cyanocobalamin
"In combination with ascorbic acid (vitamin C, E300), sodium benzoate and potassium benzoate form benzene, a known carcinogen. When tested by the FDA, most beverages that contained both ascorbic acid and benzoate had benzene levels that were below those considered dangerous for consumption by the World Health Organization (5 ppb).[17] Most of the beverages that tested higher have been reformulated and subsequently tested below the safety limit.[17] Heat, light and shelf life can increase the rate at which benzene is formed."
The Fizz has fizzled and the only hope now is bounce from some sort of Herbal Collection pr.
So Chief, MCIG was formerly known as Lifetech Industries, inc. Do you know for a fact that all the previous shareholders are long gone? VitaCig may be a new company, but you can't just overlook where it came from. Isn't there a possibility some of them received free VitaCig shares? My theory on the reason VitaCig is tanking is all about the 'free shares". In my opinion shareholders have more incentive to dump them, especially if they want or wanted out of MCIG. That's why I believe there is so much pressure on the stock. There is absolutely no interest in it, from buyers. What happened to all the kiosks, the celebrity endorsements, the pretty boy CEO? You would think when they got off the grays it would be time to ramp up the company, not to act as if it doesn't exist. The whole " global sales" talk in penny land is used quite often, 99.9% of the time it is bs. Even if VitaCig's were to become popular overseas, it wouldn't be long, before some local PRIVATE company would be having the same thing produced in China and have it on the market, for a much better price. I don't know how you can dismiss my theory as nonsense, especially when a week or so ago, you were telling everyone this would never go sub-penny. You were wrong, and I may be also. Good luck, you have always stuck by MCIG and have done some great DD over the last year or two, but I am amazed you can still defend these two turds.
I may be wrong, but the share structure as I see it, is everyone was basically given these shares for free. That includes all the shareholders, insiders, old debt holders, probably many people who were associated with the old shell, etc. etc. Heck, due to some sort of error, many people who were already OUT of MCIG at the time, received shares. FREE SHARES !!!! Cash them in before it goes to 0 !!! With all these free shares, there aren't going to be enough buyers coming in to suck them up, so down we go. If you held, and didn't get the .05 that was basically a gift, you screwed up. Without some positive financials, this is going nowhere.