Vitamin Cig (fka VCIG)

[lesgetrich]

For anyone not following the conversation on the MCIG Board, MCIG declared their dividend today. It appears that their PR today was innaccurate in stating that the ex-dividend date was today but that you could still buy MCIG until the end of the day and get the dividend. This is impossible. By definition, an ex-date is the first day that a stock trades without the dividend. It has also been confirmed by one of the Board members via a conversation with someone at FINRA that the stock price for MCIG was adjusted last night (Monday November 24) for the dividend value. This would seem to confirm that Monday was the last day that you could buy shares of MCIG and still get the dividend.

The PR also stated that Friday would be the Record date and the Payable date. We are waiting for clarification from MCIG. In any event it has been confirmed that the dividend will be paid soon - probably Friday - but we will have to wait for the listing and stock symbol to be approved before trading can start. This process was supposed to take 30 to 60 days according to their Nov 6 PR so we're probably looking at December or January.