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Tuesday, October 03, 2017 8:55:02 PM
As shareholders the company (MCIG) would have had to make the private placement available to all shareholders for review, meaning accredited investors can invest and non accredited can review the terms because if they are too skewed in favor of one class of shareholder that’s an issue. Retail investors have the right to see the OM (operating memorandum).
We have yet to see any of those things or even a filing based off of that PR which should give shareholders some pause. Also that PR was 1000% a material event yet no 8k or subscription documents. There was also no real public offering for accredited investors, meaning no email or # of where to call if ur accredited and want to participate. I just did a PP and have done a few others and this was not a private placement, because the roll out was so awful I have to assume it was a mistake, but even that mistake needs clarification.
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