DD Support Board and Research Team

[ALiVE]

it is a trading vehicle stock - so first things first - the company is absolutely worthless.

secondly, the conversion to preferred does absolutely nothing to increase shareholder value.

sure, the market cap is reduced, but that has no actual effect on shareholder value - zero + zero = zero

it's just a tactic to use for PR fodder to move paper.

his shares are control shares as well, so only tradeable in miniscule amounts either way...

If you are an affiliate, the number of equity securities you may sell during any three-month period cannot exceed the greater of 1% of the outstanding shares of the same class being sold, or if the class is listed on a stock exchange, the greater of 1% or the average reported weekly trading volume during the four weeks preceding the filing of a notice of sale on Form 144. Over-the-counter stocks, including those quoted on the OTC Bulletin Board and the Pink Sheets, can only be sold using the 1% measurement.

http://www.sec.gov/investor/pubs/rule144.htm

--------------

the transaction has only been 'initiated' and no filings as of yet for the move -

though they did designate preferred stock on 9.11 w/ NV SOS

Actions\Amendments
Action Type: Designation
Document Number: 20130597126-36 # of Pages: 3
File Date: 9/11/2013 Effective Date:
SERIES A PREFERRED STOCK

http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=mHPYoKlJZ2tkqhryPgwrxg%253d%253d&CorpName=MCIG%2c+INC%2c