Great post from nrlml on IHUB
I can't believe the PPS is in the 20's!! I remember back when I first bought in last December and lost half of what I had, but just as I do today, knew the company was moving in the right direction and watched it go all the way up above .90! I think that has some merit that investors do have an eye on MCIG, but I think many are simply being cautious right now as we saw several MJ companies halted by the SEC, we see headlines regarding e-cig regulations as well as due to the fact that things like the IPO and marketing campaigns have been drawn out longer than you, I or even the management team expected.
IMO, MCIG has ALWAYS been a long term investment. As I said in previous posts I have been buying with the intention of not cashing out until 2019. I have been a part of a few business start ups and three things are an absolute fact.
1. It is extremely difficult to turn a profit in your first three years. The top line sales they have generated in the 10k was promising to say the least with vapulation not included and minimal VitaCig sales reported. Guys come on, losses should be expected in the beginning of any startup until you build your customer base, expand your product line(s) and increase your market share.
2. Start up capital is key to your success. If you have the mindset Paul has and do not want to incur toxic debt then you are running everything as streamlined and slim as possible with whatever equity financing and revenues you have. From the marketing campaign, to product development, to inventory you are trying to use every penny as wisely as possible. (hence the $10,000 they were trying to save from keeping their listing status. Could that have been handled better, yes, but I understand reasons as to why they would go that route as they continue to do the SEC filings and they are only essentially paying for service).
3. Timelines are always underestimated, issues always arise and mistakes are always made. We do not even know what issues they are facing with production, marketing, logistics, legal, with the SEC etc. And to be honest, it would be a risk to the business to divulge all or any of this information to the public in the form of press releases for all to see to inform us. Not at this delicate stage. Competition is fierce, especially in this sector and industry and keeping quiet until the timing is right I think is the correct tactic to take here in the still infant stages of this company. You wouldn't want your enemy to know your next move would you? As many are bleeding I know you want answers, but they will come. And if you are not able to wait for it then sell and move on.
The only thing that would make me unenthusiastic about MCIG is if they announced they were closing their doors. I DO NOT see that happening therefore I will continue my support and not develop the bipolar disorder that some on here seem to be exhibiting.
We will land on our feet. Maybe not tomorrow, or in a month or year, but we will get there.
Have a great weekend all.
Thought that this was worth bringing over to share.
I can't believe the PPS is in the 20's!! I remember back when I first bought in last December and lost half of what I had, but just as I do today, knew the company was moving in the right direction and watched it go all the way up above .90! I think that has some merit that investors do have an eye on MCIG, but I think many are simply being cautious right now as we saw several MJ companies halted by the SEC, we see headlines regarding e-cig regulations as well as due to the fact that things like the IPO and marketing campaigns have been drawn out longer than you, I or even the management team expected.
IMO, MCIG has ALWAYS been a long term investment. As I said in previous posts I have been buying with the intention of not cashing out until 2019. I have been a part of a few business start ups and three things are an absolute fact.
1. It is extremely difficult to turn a profit in your first three years. The top line sales they have generated in the 10k was promising to say the least with vapulation not included and minimal VitaCig sales reported. Guys come on, losses should be expected in the beginning of any startup until you build your customer base, expand your product line(s) and increase your market share.
2. Start up capital is key to your success. If you have the mindset Paul has and do not want to incur toxic debt then you are running everything as streamlined and slim as possible with whatever equity financing and revenues you have. From the marketing campaign, to product development, to inventory you are trying to use every penny as wisely as possible. (hence the $10,000 they were trying to save from keeping their listing status. Could that have been handled better, yes, but I understand reasons as to why they would go that route as they continue to do the SEC filings and they are only essentially paying for service).
3. Timelines are always underestimated, issues always arise and mistakes are always made. We do not even know what issues they are facing with production, marketing, logistics, legal, with the SEC etc. And to be honest, it would be a risk to the business to divulge all or any of this information to the public in the form of press releases for all to see to inform us. Not at this delicate stage. Competition is fierce, especially in this sector and industry and keeping quiet until the timing is right I think is the correct tactic to take here in the still infant stages of this company. You wouldn't want your enemy to know your next move would you? As many are bleeding I know you want answers, but they will come. And if you are not able to wait for it then sell and move on.
The only thing that would make me unenthusiastic about MCIG is if they announced they were closing their doors. I DO NOT see that happening therefore I will continue my support and not develop the bipolar disorder that some on here seem to be exhibiting.
We will land on our feet. Maybe not tomorrow, or in a month or year, but we will get there.
Have a great weekend all.
Thought that this was worth bringing over to share.
