I agree as well. A test of the 50daySMA @ .095 seems very likely. RSI downtrending.
I warned people on here of the nasty double top @ .21 as there was never a double top in the 2014 bubble till it bursted and consolidated to a reasonable valuation. The market will not give MCIG a 47 mil market cap even with the current earnings, OMHE stake, and PV of future contacts . Period.
We were all well rewarded here and I hope you all came out very profitable.
There is no fiscal year end deadline. If shareholders believe that mCig has $9 million in solid construction contracts and is making progress on fulfilling them by or near their target completion times, then those contracts have a present value, whether they're completed by fiscal year end or show up on the 10-Q as of Oct 31. The company will not be standing still. Watch for more contracts and possibly some acquisitions in the next few months.
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