PITA, I agree that is the typical pecking order for events, but in this case they have cash before shipping. So does that packing order still apply when reporting? Of so, will it still show up on the books as cash in hand? Just curious. We have a few cpas and accountants on this board, so in sure someone can chime in on this for us with a solid answer.
Either way, cash before shipping ifs a big plus for mCig. I don't think that is typical. I'm sure after this first order it may go to net 30 or 60, but we have to hand it to mCig for getting money up front on this order. And either way, we will have a nice revenue q over q coming up this period or next. I'm really liking that. I can't imagine another order won't come before q4 is up, so if they delay reporting to q4, that will be big, provided I have my head screwed on correctly and we are now just entering q4. I really need to revisit our q dates and get them straight inn my head.
In a separate note, I believe 3.0 is targeted for release this winter, provided they have finalized the design with something they are happy with and can get it into production. I'm expecting a much bigger upgrade this round and believe the 2.5 will fill the low end price point and 3.0 will be a mid-tier product. Then Mastermind comes out. Between now and mastermind, I'm thinking we get an update on vitacig altra sonic (I believe that's what they named it), liqcic, mcig+, and reorder from Korean distributor. That would make for a nice run into Jan, and show the company is picking up momentum.
I'm more excited than for this company's future, but realize pps may lag as the sector has lost much steam as investors are looking for verifiable revenue and sales growth.
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