I really don’t see why. For one thing, it is not like they have really been out printing shares. Yes, they have most recently updated their share count at just over 270 million shares. That was about the same number as announced at the end of October, 2013. The real story is when you go back to April of 2013. Then there were just 50 million shares out. Obviously many of the newly issued shares are coming up to full registration. This product has taken off like a storm AS A CATEGORY. However, that does not mean that MCIG is taking off. Plus – “VitaCig?” Are they serious? And they are spinning it off as an “IPO.” Again – are they serious?
I always enjoy smallcap stocks that spin off a subsidiary and give it to shareholders “as a dividend.”
The history of such spin-off is rather dubious. I am not going to be naming names of past stocks, but several come to mind. When they start offering you shares of some spun-off company they really are offering you what you already owned had they not spun it off. It is a marketing gimmick. Not a product marketing gimmick, but rather a share marketing gimmick.
I think everyone sees through this… minus the Ihubbers and those pushing this stock for gain or fame.
In my opinion, those that join the exit like are the ones that will be most handsomely rewarded here.
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