What as once pumped as Lifetech Industries, Inc. (LTCH) nearly a year ago, traders are wasting no time to get into the penny stock of mCig, Inc. (MCIG) early. Trading at present as LTCHD due to a 10-for-1 forward stock split, MCIG stock won’t officially be activated as the ticker until the end of September. With all the hype that has helped the electronic cigarette market, and the publicly traded entities of them, do so well this year, a company that is teetering on the marijuana sector with an herbal product could go through shares like Cheech and Chong used to go through rolling papers.
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MCIG Stock Quote
Market Cap: 80.00M
Last: 0.16 ▲ +0.04 (+33.33%)
Dollar Volume: $110,655
Issued and Outstanding: 500,000,000
14-Day Rel Strength: 91.54%
1st Resistance Point: 0.2433
1st Support Level: 0.0933
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When our text alerts went out on what will be MCIG, shares were trading at 0.405 and the traders who jumped in to LTCH before the D was added got in at what is now 0.0405 per share. Being up nearly 542% already, as of the HOD today, on what is due to be a massive promotional campaign in the coming months, the green run on a $10 herbal electronic cigarette maker which lets you put any form of plant material to be inhaled without emitting any smoke, well, it’s just simply Awesome!
A few weeks ago, we initiated coverage on another player in the industry, Victory Electronic Cigarettes Corporation (ECIG), who locked traders out of that one by jumping the PPS to $2. While ECIG stock has a much more appealing share structure with only 53,344,000 shares issued and outstanding at present, it has much less appeal being it can’t really be classified as one of the marijuana stocks like MCIG can.
Looking back to what the Dean Law Corp. helped create when they originally signed off on the S-1 for LifeTech Industries Inc., the idea was that the company would be doing something along the lines as SEFE – an air to water generator (“AWG”). LTCH stock ran at the end of November, 2012 to over $1 (pre-split) after a small pump and hype about the JV the Company had with Leadwill Corporation of Japan for the global exclusive right (excluding Japan) to make, use, sell and otherwise distribute all of the Manufacturer’s AWG products and technologies.
The pitch was that the The Lifetech AirWell System, a highly advanced AWG that produces high quality water by promoting and filtering the condensation of moisture from air, uses an advance 3X step gathering system and 12X purification process to produce water that is free of chemicals, pollutants, contaminants and hormones. Nothing really ever came of the AWG products having booked just $50,000 in sales so the move to something bigger and better just seemed appropriate rather to lose a shell.
In May of this year, Benjamin Chung handed over control of the Company to Paul Rosenberg, a a serial entrepreneur and private investor focused on the technology space according to his bio-data on the most recent 10-K filing. With experience in procurement, outsourcing, research, and manufacturing, the experience with seed-stage venture capital for private and public companies is going to be the ticket for this herbal cigarette idea and the reason why here is now 1 billion shares authorized.
As for what will become MCIG stock, there were 50,000,000 shares of LTCH prior to the 10-for-1 stock split, creating LTCHD. On July 13, 2011, Benjamin Chung, the former CEO of LifeTech Industries, got 25,000,000 shares for services of $5,000 and cash of $20,000 – $25,000 basically. During the period between January, 2011 and February, 2011, LifeTech issued 25,000,000 shares under private placement agreements to approximately 36 various investors for $24,900 – $0.001 per share. Factor in the 10-for-1 split, and those $0.001 shares now have a cost base of $0.0000996.
At 0.16, some “various investors” are up as much as 160,542%!
LTCHD (MCIG) seems to be a bit overpriced at the moment, but it hasn’t stopped some traders who didn’t get the text alert to grab shares prior to the split when they were 0.405 (0.0405 post-split). Since it is highly unlikely that Awesome Penny Stocks picks this as their newest pump, time will come (in about a month) when MCIG is active. There isn’t much room left for gains at this point, but it sure is going to be a fun one to watch when they get their act together.
About MCIG Stock
mCig, Inc., fka LifeTech Industries, Inc. (LTCHD), is a development stage company focusing on marketing a $10 herbal electronic cigarette which can use any form of plant material for vaporized inhalation.
Last 5 Trading Sessions:
The PPS should come down considerably on LTCHD tomorrow after Awesome Penny Stocks announces NVGC as their new pick. Keep what will soon become MCIG stock on your radar screens and prepare to catch a quick buzz off of it when the ticker symbol changes over.
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