There are an estimated 1.2 Billion smokers in the world and Wee-Cig International Corporation (WCIG) currently sells to 0 of them. Looking to encourage some penny stock traders to forget that they were Legacy Platinum Group Inc. (LWSP) and have slid from their 52 week high of 0.39 set on March 18th, news that the Company took part in the Vapor World Expo in Chicago might just convince some newbies to buy into WCIG stock. With the e-cigarette market all hyped up and other companies already having captured most of the OTC glory that was there to be had, it’s going to take some serious marketing to get volume flowing before the share price re-vaporizes.
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WCIG Stock Quote
Market Cap: 2.99M
May 19: 0.0651 ▲ +0.0051 (+8.50%)
Dollar Volume: $4,670
14-Day RSI: 41.19%
1st Resistance Point: 0.0717
1st Support Level: 0.0567
52Wk High: 0.39
52Wk Low: 0.0153
Back in early March when Legacy Platinum Group decided that they were done not seeing LWSP stock trade, the Company decided to sign a Licensing Agreement with Wee-Cig International Corporation thus giving them the licensing right to manufacture and market the entire Wee-Cig product line worldwide. In exchange, it only cost the Company 25,000,000 restricted common shares of what is now WCIG stock for this state-of-the-art electronic product line that will allow consumers to vaporize dried herbs such as mullein, raspberry leaves, cat nip, and sage.
Focusing on Florida and the over 230 independent vapor shops located there, it took a fraction of a week before shares of LWSP stock, now WCIG, hit the ground running, spiking initially to 0.39, before running from 0.10 to 0.33 over the course of nearly 3 weeks. Despite volume never surmounting 800,000 in any individual trading session, the retraction from 0.33 on April 7th didn’t end until the beginning of May when the now WCIG shares bottomed out at 0.05.
On March 15, 2014, the day after the Wee-Cig deal was signed, the Company entered into an agreement with Compte de Sierge Accomodative Corp. Ltd., Arcade Investments Ltd., 1063244 Alberta Ltd., Charlton Investments Limited and a consultant, all with a two year term, whereby each was issued 300,000 restricted shares of WCIG in exchange for investor relations services. The decline from 0.33 should not have occurred if the deals made the day after the Licensing Agreement with Wee-Cig International were really for “investor relations.”
Nevertheless, WCIG is official now and the Company’s main focus is now vaporizers and e-cigs instead of a wine and spirits retail store in Tianjin, China. The reverse stock split back in November, 2013 surely helped out a bit, but it’s going to take some serious PR to get summertime traders to bite onto WCIG.
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About WCIG Stock
Wee-Cig International Corporation is a development stage technology company focused on being on the cutting edge of vaporization and electronic cigarettes.
Issued and Outstanding: 45,872,398
Last 5 Trading Sessions:
The short period when LWSP was a hot penny stock offers a bit of encouragement now that WCIG is a better ticker for the e-cig player. MCIG, VAPE and ECIG already control the market for vaporizer plays which is going to make WCIG stock a slow roller heading into June and beyond.