"Expecting 3.5-4 Million" From VitaCig EU is a FORWARD LOOKING STATEMENT - meaning it has not been realized and VTCQ is protected by safe harbor laws should they fail again like with the "Conservative $7-10 Million" that MCIG was expecting before. Not even close on that one.
The first order of $200,000 also has not been submitted or even completed/sold. Worst case scenario is a 1% commission; which is only $2,000
"up to 25%" - doesn't mean diddly. For all we know, it could be a measely 1%. If it were a large number, it would affect the retail cost of product to EU customers - and would price them out of the market for similar products overseas. Pretty hard for VitaCig EU to make much money if they're only operating off an 11% profit margin like VTCQ USA.
VitaStik product doesn't appear to be covered under new VitaCig EU 3 year contract. Likely means VitaStik being sold under old contract; which means VTCQ USA gets ZERO.
Korea still operating under old, likely 3-5 year contract; in which case VTCQ USA gets ZERO.
Relaunch of VitaStiks domestically will be a failure again. No smoking cessation program in sight.
THC products being doled off to Blanks - where are the products that VTCQ/MCIG said was already ready for marketing and sales?
Tick tock tick tock on the nicotine based juices expected in Feb 2016
Next financials will be interesting to look at. Will they be as bad as the last quarter released?
What legit businessman would tell VTCQ to stop selling? I'm still puzzled as to that explanation as to the cause of generating only $12k in revenues? No matter, whether it was simply due to a bad product or due to inept management - the result was the same.
Time for VTCQ USA to put up or shut up.
