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Spinnoff: official penny MJ stock: MCIG get it while you can

Posted on 3/6/14 at 11:53 am
Posted by cuyahoga tiger
NE Ohio via Tangipahoa
Member since Nov 2011
5828 posts
Posted on 3/6/14 at 11:53 am
Big moves here for the last 10 days. Yesterdays announcement gave it another boost. I snared a bit sub $.50.
Posted by iAmBatman
The Batcave
Member since Mar 2011
12382 posts
Posted on 3/6/14 at 12:05 pm to
Posted by GenesChin
The Promise Land
Member since Feb 2012
37706 posts
Posted on 3/6/14 at 12:28 pm to
I was in at an avg cost of 0.41. Made some money

They don't have any serious debt, don't dilute shares, file with the SEC and there is a 1:1 share dividend of their spinoff VitaCig


I'm going to hold on this for awhile
Posted by DaBeerz
Member since Sep 2004
16903 posts
Posted on 3/6/14 at 12:34 pm to
Can you still get the spin-off shares if you buy now?
Posted by GenesChin
The Promise Land
Member since Feb 2012
37706 posts
Posted on 3/6/14 at 2:12 pm to
Yes. There is no dividend date set but the shares will be made as a dividend. The CEO is essentially refusing his vitacig shares and letting mcig have them to have built in equity.

Mcig execs say their goal is to be uplisted in a year or two. That would mean they need shares at 4$ Min I think. Also reddit users love then some mcig which is great

10$ small and easy vape pens have it's appeal for the potheads. I asked me cousing ha
Posted by bigeztiger
Columbus Ohio
Member since Jul 2011
5092 posts
Posted on 3/6/14 at 4:23 pm to
How big can it get?
Posted by GenesChin
The Promise Land
Member since Feb 2012
37706 posts
Posted on 3/6/14 at 8:49 pm to
They are looking to be uplisted so that would be 4$ but if both that and the vitacig foes to say 4$ then it would be the equivalent of 8$. Legit company and has a product that sold out inventory from what I hear. Reddit has a page talking about it and positive things. 10$ vape/ ecig for marijuana is cheaper even than ecigs
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