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lesgetrich

12/07/16 10:14 AM

#80388 RE: MD-420 #80378

There is absolutely zero evidence that mCig "dumped" any shares during the recent promo. We've been hearing these paranoid "dumping" claims for 3 years and we've gradually seen roughly 22 % dilution from this company during that time. The dilution over three years has been minimal and Paul has returned 2 1/2 times as many shares to the treasury than he has disposed of (roughly 2 million preferred shares or 20 million converted common shares used).

The higher pps in recent months and announcement that they are now profitable makes it even less likely that there will be significant future dilution. There are few, if any, companies in this sector that can claim a better record of minimal dilution or can claim to have a more shareholder friendly CEO.