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lesgetrich

08/31/18 8:57 PM

#97456 RE: MD-420 #97449

It's a pump and dump insider enrichment scam.



LMAO You've been saying this for four years yet haven't produced a shred of evidence to back it up. Perhaps if you repeat it often enough you figure someone will believe it. Show me a company with $7 million plus revenue per year where the execs work for free or even less than what mCig execs are making.

Also, where's the dump? Who's dumping? It ain't mcig execs. They haven't sold a single share. It seems you're the one pushing it.

Here's a partial list (from just 2018) of all of the debunked claims you guys have bought into...


MCIG has never met their forward looking projections. Not even close – Debunked 2/21/18 - mCig predicted 10 million in revenue in 2016 and realized 9.1 million thru 12 months ending 10/31/17

Insiders got paid at least $3 mil w/ the purchase of 420Cloud and are now getting preferred shares of OBITX - Debunked 2/17/18 - The entire $3 million was returned to mCig in shares of OBITX stock – mCig owns 100% of OBITX's Preferred shares

Lawsuits against Hawkins and Rischel prove they're shady – Debunked 4/26/18 - Suits were dismissed and plaintiff himself was sued by the SEC

California City is a ruse and will never be licensed – Debunked 4/30/18 - mCig received three licenses

mCig is cooking the books by declaring the construction of their own facilities by subsidiary Grow Contractors as revenue – Debunked 5/2/18 - Accounting regulations not only permit them to do this but strictly require that they declare this as revenue and profit

Insiders benefited from mCig's purchase of 420Cloud for $3 million and got preferred shares while shareholders got screwed – Debunked 5/5/18 - mCig owns 100% of OBITX preferred shares, no insiders received free shares, and the OBITX dividend is worth 553% more to shareholders than the Vitacig dividend was

mCig's software investment of $3 million worth of mCig shares was bad for shareholders - Debunked 5/6/18 - As of 10/31/17, the acquired assets were worth $1.3 million more than the $3 million for which they were purchased on 3/30/17– that's a 43% return on investment in 7 months

Paul and Insiders were paid $3 million for the 420Cloud software – Debunked 5/6/18 - The deal with APO Holdings closed in March 2017, Paul didn't register the 420Cloud name until April. No one at APO holdings worked for mCig before the March purchase

mCig insiders arbitrarily determined the value of OBITX and are ripping off shareholders – Debunked 7/8/18 - The value of OBITX was determined according to GAAP accounting regulations from APO Holdings financials and all OBITX shares are accounted for on the S-1

Who's profiting from dumping?

Debunked Again