There has been no dilution of MCIG shares. The OS has been constant at 270 million shares for over a year. There is no toxic debt or any significant debt at all. MCIG has been operating on a cash basis from existing revenu. They just collected on a $350,000 PO and have other deals that have yet to be announced. There has been no or minimal increase in float since all executive compensation is restricted and sales by executives need to be filed with the SEC before they occur. Only about 15 to 30 million shares out of a total OS of 270,000,000 shares have been assigned for executive compensation in the past year and they are restricted.
You should question anyone who says that the float has increased since there is absolutely no evidence to support this conclusion.
MCIG is reacting precisely as I predicted in previous posts. Now that the dividend has been declared, folks who were holding on for the dividend have been selling off. I expect that we're close to the bottom now and may have already reached that point. There are others who are trying to drive the price down so that they can take your shares. In any event, there are plenty of signs pointing to a very good financial report from MCIG which is due by mid December. There are also several products in the pipeline (e.g. MCIG+ and LiqCig) on which we should see announcements pretty soon. Finally, trading could start on VitaCig shares at any time within the next month. When these cards fall into place you'll be happy you still own your MCIG shares.
