{"id":4059,"date":"2014-03-07T15:14:23","date_gmt":"2014-03-07T15:14:23","guid":{"rendered":"\/?p=4059"},"modified":"2014-03-07T15:14:26","modified_gmt":"2014-03-07T15:14:26","slug":"mcig-inc-otcbbmcig-still-soaring","status":"publish","type":"post","link":"\/articles\/mcig-inc-otcbbmcig-still-soaring\/","title":{"rendered":"mCig Inc. (OTCBB:MCIG) Still Soaring"},"content":{"rendered":"\n

mCig Inc. (OTCBB:MCIG<\/a>) rose almost 24% for two sessions in a row, both jumps caused by the news of possible marijuana legalization developments.<\/p>\n

The last two weeks have certainly had a positive effect on MCIG<\/a>‘s market standing. The company had fluctuated around $0.35 for a while, but the ascent that started on Feb. 24 has taken it far, especially during the last two trading sessions. Yesterday MCIG<\/a> was traded for $0.81, and it seemed to be gathering upward momentum. <\/p>\n

Obviously investors found the the latest news on marijuana legalization convincing enough to commit. The declaration that “money is a big motivation for Washington to act” with regard to further marijuana legalization, made by Congressman Earl Blumenauer, certainly is encouraging. A further motivation for the acquisition of MCIG<\/a> stock is the fact that all MCIG<\/a> investors were promised a share of VitaCig stock for each share of MCIG<\/a> common stock they own, once the subsidiary becomes independent. VitaCig is to start running on its own mid-April, and with little over a month to spare there seems to be some investor interest.<\/p>\n

This turn of events may be promising, but potential investors should really consider the matter of MCIG<\/a>‘s financial integrity before jumping at its stock. The company’s latest financial report, covered the period ended Oct. 31, 2013 and contained more than a few red flags:<\/p>\n