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Post by marijuanavest on Jun 14, 2014 19:00:02 GMT -7
This should be where we discuss anything related to the VitaCig IPO and dividend.
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Post by Deleted on Jun 15, 2014 6:58:23 GMT -7
This needs to be posted on DD. The question of dividends is high on this list of "current" DD. It will all be history soon though.
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Question1: When do you think the VCIG dividend will release?
MCIG announced that they would respond to the SEC comments by 6/15/14 (i.e. they may have already responded). The effective statement could happen at any time. However, if the SEC comes back with further comments it could take longer for MCIG to again respond. This process could drag on for several weeks or it could happen at any time. There's no way to know for sure.
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Question2: What will be the pps of the IPO on VCIG?
It's important to distinguish between the IPO price, which is the value that will be attached per share to our dividend (and what we will report on our taxes as income) and the pps which VCIG will have when it opens for trading. The preliminary S1 lists the IPO price at $.01/share however this could change on the final S1 (i.e. it could have been the subject of one of the SEC comments). The Investor Presentation shows an example of a VCIG pps of $.05 to show what MCIG would need the value of VCIG to be to up-list to a major exchange but it is only a guess by management of what VCIG's pps is likely to be (this was first published long before VCIG was available for sale so it could be out of date). The actual pps at which VCIG opens on the first day of trading is entirely dependent on supply and demand like any stock. The previous days close will start out on that day as the IPO price but it could gap up or down like any stock depending on the bid and ask. If we have good sales numbers on VCIG by then we could see a big gap up and never see the IPO price again.
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Question3: At IPO, will there be shares available for immediate purchase? Will our VCIG dividend shares be able to be traded immediately, or under some form of time hold? Will there be free trading shares above and beyond the dividend shares? Or ONLY the dividend shares?
It usually takes about 30 days after the XDATE for us to receive our shares. Also, VCIG can't arrange to trade on a market until after the effective statement is issued. There should be an announcement shortly after the effective statement about when we will receive our shares and when trading will start (usually the same date). It takes about 30 days for the transfer agent to confirm who is entitled to the dividend and distribute it. Once the shares are distributed. most brokerages require several days to post them to your portfolio. During that time you will be able to buy more shares but won't be able to sell any of your dividend shares.
Only the dividend shares paid to existing shareholders will be free trading, technically as of the effective statement. However, for all practical purposes, retail investors won't have the ability to trade them until they are made available by our brokerage some 30 days later. Keep in mind that market makers also own MCIG shares in their own account and will also receive VCIG shares as dividends. These will be the earliest shares available for trading when it opens.
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Post by spiderman on Jun 15, 2014 14:54:17 GMT -7
Hello and thank you for creating this. I caught some glimpses on ihub about an SEC filing concerning VitaCig. If what I read was correct, VitaCig's IPO should launch very soon and it will be priced at 01 cents. Is that correct?
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Post by Deleted on Jun 15, 2014 19:51:48 GMT -7
I sure wish we knew what the IPO PPS will be. I have no clue, and have read no definitive answer.
The best I can offer is a cut and paste for you (my questions, a more knowledgeable persons answers):
Quote:
Question1: When do you think the VCIG dividend will release?
MCIG announced that they would respond to the SEC comments by 6/15/14 (i.e. they may have already responded). The effective statement could happen at any time. However, if the SEC comes back with further comments it could take longer for MCIG to again respond. This process could drag on for several weeks or it could happen at any time. There's no way to know for sure.
Quote:
Question2: What will be the pps of the IPO on VCIG?
It's important to distinguish between the IPO price, which is the value that will be attached per share to our dividend (and what we will report on our taxes as income) and the pps which VCIG will have when it opens for trading. The preliminary S1 lists the IPO price at $.01/share however this could change on the final S1 (i.e. it could have been the subject of one of the SEC comments). The Investor Presentation shows an example of a VCIG pps of $.05 to show what MCIG would need the value of VCIG to be to up-list to a major exchange but it is only a guess by management of what VCIG's pps is likely to be (this was first published long before VCIG was available for sale so it could be out of date). The actual pps at which VCIG opens on the first day of trading is entirely dependent on supply and demand like any stock. The previous days close will start out on that day as the IPO price but it could gap up or down like any stock depending on the bid and ask. If we have good sales numbers on VCIG by then we could see a big gap up and never see the IPO price again.
Quote:
Question3: At IPO, will there be shares available for immediate purchase? Will our VCIG dividend shares be able to be traded immediately, or under some form of time hold? Will there be free trading shares above and beyond the dividend shares? Or ONLY the dividend shares?
It usually takes about 30 days after the XDATE for us to receive our shares. Also, VCIG can't arrange to trade on a market until after the effective statement is issued. There should be an announcement shortly after the effective statement about when we will receive our shares and when trading will start (usually the same date). It takes about 30 days for the transfer agent to confirm who is entitled to the dividend and distribute it. Once the shares are distributed. most brokerages require several days to post them to your portfolio. During that time you will be able to buy more shares but won't be able to sell any of your dividend shares.
Only the dividend shares paid to existing shareholders will be free trading, technically as of the effective statement. However, for all practical purposes, retail investors won't have the ability to trade them until they are made available by our brokerage some 30 days later. Keep in mind that market makers also own MCIG shares in their own account and will also receive VCIG shares as dividends. These will be the earliest shares available for trading when it opens.
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Post by rane_420 on Jun 19, 2014 14:18:01 GMT -7
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Post by Deleted on Jun 20, 2014 7:29:13 GMT -7
Does this help clarify when the dividend cut off will be? I just bought 700 more shares, and have a $2,000 deposit that will not post until Monday morning. If I can make the dividend cutoff for VCIG, I'll buy more shares on Monday morning. |
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Post by rane_420 on Jun 20, 2014 7:43:27 GMT -7
Doe's this help clarify when the dividend cut off will be? I just bought 700 more shares, and have a $2,000 deposit that will not post until Monday morning. If I can make the dividend cutoff for VCIG, I'll buy more shares on Monday morning. ac7880, no, I don't think it really clarifies anything, imo. I would think you have a week or two before the SEC comments, I'm going off of reading they give amendments priority review and if you read back over the communication between mCig and the SEC it seems the SEC is reasonable in their turnaround time in dealing with mCig (inside of 30 days), so I expect about two week window for a comment from the SEC, IMO. I hope its approval and not another round of comments. |
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Post by Deleted on Jun 20, 2014 8:28:00 GMT -7
Thanks Rane. I bought the extra additional 700 shares this morning as insurance just in case of dividend cutoff. I called Trade King, and my $2,000 will clear Monday morning before the exchange opens.
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Post by Jon on Jul 2, 2014 10:54:15 GMT -7
Any Updates?
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Post by hobowilly on Jul 2, 2014 11:40:41 GMT -7
No Jon, nothing new to report on IPO Amended S-1 was filed on June 16 so could be within a week or two. Hopefully before the end of the month |
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Post by mrgreenjeans on Jul 10, 2014 14:26:48 GMT -7
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Post by rane_420 on Jul 10, 2014 18:26:15 GMT -7
mrgreenjeans I'm thinking we should get an even quicker turnaround this time for no other reason than its the 3rd time they've cycled the S1 through the administrative spanking machine.
Have you read the S1? I skimmed it a bit and its a depressing read...they call it a prospectus, but reading it you get the sense Vitacig doesn't have a chance in hell of succeeding. lol. IMO, the dour language throughout the prospectus is the doing of the SEC...the SEC is thinking with language like this no intelligent investor will touch this POS...but we shall see.
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Post by jcshay56 on Jul 26, 2014 17:46:04 GMT -7
Some of you guys hopefully can understand this...
The biggest reason given by MCIG to spin off VCIG was a strategic one: to generate and *unleash* the necessary shareholder value to uplist. And the reason to uplist is, as I see it, also slowly revealing itself and becoming obvious: MCIG perceives itself to be a high quality company that deserves to be (getting institutional attention like those) on the Nasdaq/NYSE.
Now, if MCIG newly realizes that it can generate that shareholder value without a strategic VCIG issue, and thus decides to pull the VCIG div off the table, what's the big problem?
Personally, if revs come out, and MCIG can get on track to generate the required shareholder value on its own organically, that's my preference. The reason? It makes an acquisition/takeover a lot tougher. Acquirers will generally be forced to buy both MCIG/VCIG. Do you know the number of players out there that have the expertise or brand strategy to know how to handle and navigate both? It's roughly zero. Marlboro isn't in the business of vitamins and Nature's Health ain't in the business of herb. An acquirer would likely have to spin off VCIG to the next highest bidder, while MCIG management push a takeover premium based on perceived or forecasted strategic synergies.
And why would MCIG management be able to afford to ask for that premium? Because, quite frankly, everything so far suggests that they know what they're doing. They are in the business of vaporizing, and when I say vaporizing, I mean vaporizing everything. EVERYTHING. They want to vaporize your weed, your vitamins, your martini. Hell, one day maybe they'll even help you vaporize your broccoli, your cough syrup, or that damn mother-in-law of yours.
Some of you out there are trying really hard to make management look like they are out to deceive shareholders, when in fact they've done nothing of the sort. Some of you are trying really hard to find individual typos in their documents (age, sleek, seriously?), when in fact, no offense, but most of you detractors barely have the expertise or legitimacy to write the gaddamn title/cover page on a 10-Q. (Giving people money advice on how to trade MCIG, TR$C, and Abatt$$, while vaping an MCIG is actually not a legit core competence.)
If revs come out and the market really likes the report, I think MCIG is totally justified to look into pulling VCIG div off the table. Don't forget that MCIG needs both shareholder equity and a $2 price to uplist. Will a div push back the date where we reach the $2 price?
Stop worrying about the damn dividend. Revs and unleashing shareholder value are more important in the long run.
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Post by rane_420 on Jul 27, 2014 8:34:19 GMT -7
jcshay56, I see the spin off as a capital source as well as for uplisting. They will use vitacig shares to build an engine for mCig. I know mCig has its own products now, but if vitacig can IPO and the company can guarantee a certain amount of sales then I see vitacig shares as a low risk - highly liquid capital source to do some horse trading with.
The CEO can now go to successful private MJ companies and buy them out of their high risk private business with low risk highly liquid publically traded shares of vitacig. In return mCig will get an MJ related business and management will get a friendly vitacig shareholder with a long-term outlook for both companies. One added bonus is mCig most likely will also get a valuable advisory member for the mCig advisory board. These type of shareholders will be able to contribute invaluable knowledge about the MJ industry along with excellent contacts within the industry (business and government).
So if the IPO does not come off I think we will operate successfully, but with much less potential.
The above scenario also limits pps volatility IMO.
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Post by Richardker on Jan 25, 2019 8:13:33 GMT -7
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