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Thursday, May 29, 2014 5:54:26 PM
1. mcig started another company and is putting in their current product into it. (I guess mcig will give vcig the inventory or on a note....time will tell, but it IS a separate corp.)
2. The deal is that vcig shares will be 49% owned by mcig and 51% by current holders of mcig as of the day before the x-date. They say the shares will be free trading. This distribution will leave vcig with about 60M shares left in their A/S...according the the Nev. SOS.
3. Of course mcig will lose any revenue from vitacigs which are currently being sold by mcig. (strange on the surface) Cash dividends anytime in the next 10 years or more by either company would be speculation beyond absurd.
The whole stock play here is troubling to me as I really don't understand any need to do it in behalf of the mcig corp. I'm sure I will hear about the equity stuff and uplisting due to mcig's increase in net worth, etc...so I will just say...we shall see.
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