I contacted their HQ several times support@crumbs and got no answer about the shares.
Others have tried to get to Lemonis on TWTR.
Lemonis is a TV personality and has some of the common touch, and may not like the idea of average shareholders getting wiped out if something can be done to work around it. Goodwill does count when you're selling a cupcake for $6.
Worth a gamble, but it's a huge gamble.
Going parabolic. Anyone know what's going on? Lemonis going to keep the common shares?
I'm no expert either. The Q on the end of the stock ticker is meant to warn people that the company is going thru the banktupcy process and that these shares could be canceled and new shares issued at some time in the future.
This is just a small example of why we need more regulation of wall street, not less. Why would they cancel out the shares? So they can more money most likely.
Since the guy who bought the company is on TV every week, and probably doesn't need any more money or bad publicity, I'm guessing that to be seen as a guy who is ripping off common shareholders. You can write to him at the profit on ABC and ask him if the shares are going to be canceled at some point soon.
Q at the end means a stock that is going thru a bankruptcy.
While it may go up to 50 cents a share, you have to be careful since at any point all the shares can be wiped out or liquidated.
Since the Profit guy is involved it could pop up to 40 cents. who knows.
Well I guess someone was reading our comments on here. lol. didn't make sense for this stock to languish under $11 so long. Schorsch doesn't like to be seen as not able to deliver a winner. Taking a buyout at $12?
Sentiment: Strong Buy
Does seem very odd that it's so poorly publicized considering its interesting spin.
Are they just trying to get bought out?
I'm going to keep buying. I like Manhattan Office Space even with increasing interest rates.
Thanx. I'll try and get back in soon, possibly with ecig and vpor as well. There IS a purpose and there can be learning and good sharing to these message boards if people are nice and follow basic courtesy.
I'm afraid that hoping and wishing isn't a trading strategy.
There is no one who believes more in ecigs than myself.
Unfortunately all the players with real backing are private or in big tobacco.
I've held MCIG after making some money previously.
The bad press and their inability to hold their share price and get their dividend set may just be part of
the growing pains process.
In any event, the situation has become too unstable. I'm getting out. I think there is a better entry point later on when they are closer to getting approval for their dividend and when data come out - and they will - showing that ecigs help people quit smoking better than any other product.
For now i'm preserving capitol. Time to sell. I'm out. Long VOIS.
Agree with these comments. Totally speculative, fantastically disruptive and beneficial concept, with incredible challenges to product reliable, practical working prototype.
Having a public health back ground, and having worked with the disabled and the homebound for many years, this is only one of two pennies. It captures the imagination, and adding Abrams kept me holding. I dumped some shares recently.
Originally the company was aggressively seeking a buyout and got nowhere and didn't like the terms. Who knows. They have a good IR dept that is very responsive. Stock pumps will come if they can settle on a real prototype. Lottery ticket to ride out a time where cash is the probably your safest bet.
MCIG is down again, and so is the entire vaping sector, the entire MJNA sector and all the indices. Big tobacco is still heavily favored in the ecig wars. We'll see.
Just a reminder - Yahoo message boards do not permit derogatory or harassing posts. Please flag when appropriate.
Same here. Kept half my stake because a lot of this is just a bunch of blowback against ecigs while self righteous public health people and municipalities attack something that is actually a big step forward.
It's a shame. Ecigs are a great advance. People will continue to use nicotine. Ecigs are a great way to get some of the power away from big tobacco. Unfortunately the small companies like NJOY and LOGIC aren't public so you can't buy them.
Speculation is the only way. Still hanging on to some MCIG and VOIS. VPOR could be interesting if they get approval and interest in franchising.
Naked shorting move on.
What do you see as a good re entry point?
Unfortunately the entire sector is getting slammed with all the recent regulation and tax issues.
A real shame given how much big tobacco is going to make.
I'm a public health professional, and have seen every advance benefit big tobacco.
ECIGS will probably do so again.
Better to wait until all the bad press is done to get back in to the ecig sector, and the regulators wake up to the fact that this society consumes billions of cigarettes daily, and isn't going to stop ever. Nothing helps people quit smoking reliably. NOTHING. Ecigs hold the promise to help millions. But apparently big tobacco is the only safe way to play the sector right now.
At this point, these smaller companies can't compete with NJOY, BLU, LOGIC.
I've been supportive of MCIG all the way.
But with no good news coming awaiting, it seems time to get out and get back in later when the market shakes out and share structures are more promising. Very sad.
If you want a more promising but highly speculative play I'm still holding VOIS.
Sentiment: Strong Sell
Supposedly the naked shorting is supposted to push this down to .0013 where we are right now.
It's a wild gamble, but if you're going to speculate, now is the time according to investor hub.
Sentiment: Strong Buy
I'm sorry but it's too little too late.
I love what they're trying to do but they don't have their act together.
Instead of the IPO they should be focused on keeping some attention to the stock price at this point.
Neither is proceeding well.
I'm going to start looking into VPOR and ECIG.
Patience is one thing, this is a major sell off that makes the stock look like a typical pink.
Maybe it will rebound, maybe not. Now is the time for cash unless indicated otherwise.
I'm selling half my stake.
The default RSI is RSI 14 which is not necessary to specify. Anyone who uses any basic stock chart beyond intense shorting day traders would understand that. I am not an expert or a day trader.
The average penny stock trader knows that RSI 14 for MCIG dropping below 30 suggests an oversold stock. The stock is up 5% today. Nothing else needs to be said. Let's all try to be civil. Some of us are day traders, some are paid experts, and some are just trying to have fun. Please be nice