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Re: CashBowski post# 89002

Thursday, 09/21/2017 11:11:15 AM

Thursday, September 21, 2017 11:11:15 AM

Post# of 112654
It's important to note that this document referred to a previous offering, not the one announced on September 13. The Average pps on that document works out to about $.058/share. It was offered to private qualified investors sometime during 2016. From the 10-K...

mCig FY2017 10-K

In the year ended April 30, 2017, we issued an aggregate of 9,823,325 shares of common stock valued at approximately $312,322 for professional services. In addition, the Company issued 23,104,575 common shares for investments in the amount of $3,844,444.



...from the offering document you cite...

In the event that the Company does not succeed in receiving and accepting subscriptions for at least 25 Units ($ 500,000 ) (the “ Minimum Amount ”) on or before November 31, 2016 , subject to an extension to March 31, 2017, at the discretion of the Company, the Company will refund all subscription funds, without interest accrued thereon, and will return the subscription documents to each subscriber.



As you pointed out, it does, however, provide a basis for what could be the structure of the current offering.

Les