Individual Investors-MCIG...LONGS and SHORTS....must read!!!
Actual product being sold, revenue generated, advertising in major markets and a legitimate company in Washington State. Yes, it's a penny stock and you need to be vigilant and follow closely this stock and owners. If you do your homework and trust the direction this company is going then you need to buy at this level or leverage more and hold. It will go up and paid bashers/shorts will do everything in their power to push the stock down. This message board doesn't move this stock! Buy and hold!
Sure this could still be a scam, but very few scams will take their cash and spend money on billboard advertising in downtown Manhattan.
MCIG does have a product and the company has a better stock and debt structure than most of the MJ stocks.
I don't have Level 2 numbers on the stock. However, the behavior of the stock seems c/w organized shorting by MMs to get it 0.45 prior to the SEC IPO of VCIG. Also, folks may be nervous about valuation of both companies with the IPO.
Every penny is a big gamble. However if you look at the HEMP spin off, you have to feel that there is a chance that this stock is a lottery ticket than can explode 100 times. It's worth the risk.