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Thursday, January 31, 2019 7:37:54 PM
At a $0.02 PPS of OMHE, our investment is worth roughly $1.5 million
HENDERSON, NV--(Marketwired - Nov 22, 2016) - mCig Inc., (OTCQB: MCIG), a diversified company servicing the legal cannabis, hemp, and CBD markets, announced today it elected to convert its Convertible Promissory Note into shares of Omni Health, Inc., (OTC PINK: OMHE) as of October 31, 2016. The outstanding balance owed, $98,108, including interest, was converted into just over 17,677,058 shares, increasing its current position to more than 75,177,058 shares.
"MCIG had been approached by many companies that wanted VTCQ and we wanted the best deal possible for MCIG and its shareholders. We kept the brands we helped create (Vitacig), kept a sizeable share position, and made a deal with a company that is doing 7 figures in revenue a quarter," said Paul Rosenberg CEO of MCIG, Inc. The significance of the Omni Health, Inc., (OTC PINK: OMHE) deal for MCIG shareholders is the passive investment by MCIG will derive a future cash position for MCIG and MCIG shareholders. At a $0.02 PPS of OMHE, our investment is worth roughly $1.5 million
THEN --- 75,177,058 SHARES X .02 PPS = $1,503,541.16
NOW --- 75,177,058 SHARES X .0006 PPS = $45,106
LOOKS LIKE MASSIVE LOSES TO ME !
GLAD I DONT OWN OMHE JUNK SHARES !
*****CASE CLOSED !*****
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