And on top of that, any shares freely tradeable are easily absorbed into the daily and weekly volume, it's really a joke for anyone to say dilution is causing the drop, like I said it's more than likely many things combined like S-1 delayed, large sell blocks which are immediately followed by the sheep. To sum it all up though from what I see it's pure emotion.
Look at the entire sector, all weed stocks, all vape stocks to even try and single out mCig is a joke. Summer market is dry as is, than the entire sector came crashing down everything just clicked, the company itself has little to do with the drop. Look at VPOR for example, from 0.45 to 0.02 for what? their debt? Just more and more speculation, more emotions running wild.
From November to now mCig has made huge improvements.
I didn't see anyone QQing and crying when the PPS was skyrocketing, now all of a sudden PPS drops and the company is horrible? Get a grip on reality guys, boohoo on losing $$, it's the stock market.