Yes - to repeat my post # 8441
$.05 is just a book value for the conversion. The price it actually opens at when they start trading shares depends on the opening bid. By the time trading starts VCIG will already be selling product.
Several weeks from 2/25/14 = Xdate announced
End of March = Pre-orders start
April 5, 2014 = Target Filing date
April 15, 2014 = VCIG launched as separate company (first orders shipped?)
May 10 thru June 21 - Timeframe for public offering (shares trade)- 6 to 12 weeks from filing date.
$.05 represents the estimated value of the shares on the day VCIG launches as a separate company and the value of the dividend MCIG is giving to the VCIG shareholders (also what you'll claim on your taxes as dividend). By the time shares start trading, the percieved value should have increased significantly if orders are shipping and we get some feedback.
Also, keep in mind that if MCIG does a reverse split, that doesn't affect the number of VCIG shares that you own. They could get their uplist on MCIG and let VCIG rise naturally.
I like the way these guys are handling this.