Replies to Post #6835 onOmni Health Inc (OMHE)

Replies to #6835 on Omni Health Inc (OMHE)

12/14/15 12:13 PM

#6837 RE: HeedTheChief #6835

MAJOR NEWS IMMINENT*COMPANY RELAUNCHED..

5 BAGGER EASY HERE - CHECK THE HISTORY. -

http://www.nasdaq.com/symbol/vtcq/historical

NO DILUTION!!

L2 THIN, HIGHS 52WEEK HIGH .20

Thursday, December 10 2015 7:00 AM, EST VitaCig Provides Corporate Update Marketwire "Press Releases"
BEVERLY HILLS, CA -- (Marketwired) -- 12/10/15 -- VitaCig, Inc. (OTC PINK: VTCQ) Company, a technology company that is harnessing mobile vaporization technology for medical delivery applications as well as a leader in the development, marketing, and sales of high-end consumer Hemp CBD Oil and Tinctures, Edibles, and E-Liquids (E-Juices) offers an update to its shareholders.

"We are extremely excited about the decision to officially re-launch the company and brand over the next few weeks and months," said Paul Rosenberg , Chief Executive Officer of VitaCig . "We want to thank all shareholders for their patience during this lengthy quiet period, and want to reassure investors we are dedicated to maintaining minimal costs and increasing long-term value will continue to be our top priority."

Over the next few weeks and months, the company will be rolling out a host of new and innovative products under the VitaCig brand, including the very latest addition to our product line, VitaCBD™. The scientifically formulated Organic Grade Hemp CBD Oil will be sold under VitaCig Inc. and distributed by mCig, a leading distributor of other CBD and vape products. VitaCBD™, since its launch last month, has received a remarkable reception in the industry, and is already bringing in significant revenue for the company. Both VitaCig and mCig will continue to work together in developing and distributing a full line of world class VitaCBD™ products.

Next week VitaCig will launch two new All-Natural Flavored High Grade Hemp CBD Vape Oils (E-Juices) just in time for the finish to the holiday shopping season. In addition, VitaCig will be introducing Vita Chocolate with CBD to its expanding product line. This new product offering will enrich your body, as well as your palate, and is sure to be one of our best sellers.

On the horizon for 2016, VitaCig will also be developing a nicotine and caffeine line of products to complement our existing VitaCig line and brand. VitaCig continues to see international success with our Vitastik partners and affiliates in Germany , UK , Australia , Japan and South Korea , and is currently in the process of re-negotiating the terms of some of these partnerships as we speak. We expect to add to our global partner resume over the next several months as deals become finalized. On a national level, VitaCig will be enlisting sales reps of their own as well as using the experienced sales team at MCIG to aggressively get our products into retail shops all across the country. We will initiate several well-orchestrated online social media campaigns and strategic online marketing to draw customers to our online website.

We also expect over the next few months to unveil a newly redesigned corporate website, intended to enrich the online user experience.

VitaCig is actively seeking out a new CEO, as well as key management personnel, to take over day to day operations and effectively run our aggressive business plan. We are considering several candidates, and will provide an update as soon as a decision has been made. We expect to see increasing revenue growth over the next few quarters and will be doing so without taking on toxic debt or major dilution, very uncommon amongst our peers.

Despite being a SEC fully reporting company, we understand the desire of our shareholders to up list to a higher exchange, as in OTCQB. Following the acquisition of a new CEO, we will encourage him/her, to make that a top priority. Again we thank shareholders for their patience and we are more focused than ever at increasing value for investors. We are looking forward to new beginnings here at VitaCig , and an incredible year ahead for 2016. Stay tuned for future updates!

A/S – 560M
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=4vj3QOGJMl1j1dl5DXIppQ%253d%253d&nt7=0
From the 10-QA filed on 3/25/15 for the period ending 1/31/15...

O/S – 260M
10-Q for period ending 1/31/15

Quote:
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On November 28, 2014, mCig completed the spin-off of VitaCig, Inc. (the Spin-off). Effective as of 11:59 p.m., New York City time, on November 28, 2014 (the Distribution Date), the Company distributed 270,135,000 shares of common stock of VitaCig, Inc., par value $0.0001 per share (VitaCig Common Stock), to holders of mCig™s stockholders of record as a pro rata dividend. The record date for thedividend was November 28, 2014. The Ex-Dividend Date was set for November 25, 2014. mCig stockholders received one share of VitaCig Common Stock for every one share of common stock, par value $0.0001 per share, of mCig. The Spin-off was completed for the purpose of legally and structurally separating VitaCig, Inc. from mCig. MCig retained 230,000,000 shares of common stock and remains as a controlling shareholder. The shares of common stock to be received by mCig shareholders were registered on a Form S-1 filed by VitaCig and declared effective by the Securities and Exchange Commission on November 5, 2014.

and...

Quote:
________________________________________
Investment in Vitacig, Inc.

mCig, Inc. owns 47% of VitaCigand reports this ownership on the equity method of accounting. VitaCigs has no control over mCig in the ownership or the control of the Company. The Company has an original investment of $9,390 and the consolidated portion of the VitaCigs, Inc. where the profit of 18,396 is off set showing a balance of$9,006. The Company continues their relationship with VitaCigs, Inc. but has no control over any part of VitaCig except as a majority shareholder and Paul Rosenberg is a member of the VitaCig Board of Directors. The executive officers and other director of VitaCig are not officers or directors of mCig.
________________________________________

Paul temporarily converted his 23 million preferred shares to common for the 1 to 1 VTCQ dividend. He then contributed his 230 million VTCQ dividend shares to mCig and converted those common shares back to preferreds. In addition, Paul also owned roughly 7 million common shares of mCig at the time which also qualified for the dividend (the 10-K for the year ended 4/30/15 shows him owning 7,777,494 common shares). This puts roughly 47% of VTCQ in the hands of mCig and Paul.

As an officer of the company, Paul would have to file with the SEC before selling any of his VTCQ shares. Consequently, they should be considered as restricted and not part of the float.