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Monday, August 18, 2014 2:10:55 PM
if MCIG is-gonna-"gift"-us-VCIG-shares….shouldnt-the-PPS-reflect-that-gift????
I don't remember exactly when the div deal was announced but the IPO was filed on April 21, 2014. The closing price on that day was $.595. Currently the price is $.39. Do the math.
Many people have hung and hung and hung and hung around for the "gift" and in the process lost a lot of money.
So taking that into consideration I think it's a stretch to call the div a "gift."
More like a payoff for not selling
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