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Re: lesgetrich post# 6486

Tuesday, 02/04/2014 12:01:28 PM

Tuesday, February 04, 2014 12:01:28 PM

Post# of 112681
I could be wrong but I don't believe they are spinning any assets off mCig. I think all they're doing is incorporating a subsidiary and will be using proceeds from the IPO as start-up capital for vCig.

mCig's balance sheet would show an investment in vCig equal to the legal capital.