CEO, Paul Rosenberg, further stated that “we are very excited about this new company. MCIG will issue a dividend to its current shareholders, allowing them to participate in this new investment opportunity. The details will be released soon….”. MCIG’s 12-18 month goal is to have Obitx listed on the Nasdaq.
On December 21, MCIG released its Oct 31st Financials and they impressed:
MCIG recorded $2.0 million in revenue for the current quarter ending October 31, 2017, bringing the six month total to $5.2M. For the fiscal year ending October 31, 2016, MCIG recorded $620K for the quarter and $874K for the six month total. In a year to year comparison, MCIG revenue increased 595% in 2017, exceeding its entire prior fiscal year revenue of $4.5M in just the first 6 months of this fiscal year.
MCIG continues to shatter all expectations in revenue generation and continues to be on pace with achieving its 2018 goal of reaching over $10M in revenue.
On January 3rd, an MCIG subsidiary landed a material construction contract in Florida.
At face value, MCIG seems to hit on the metrics that we pioneered as a successful investment: adaptive, diversified, growing revenues, growing client base, visionary, and a top notch executive team.
As a caution only … when ever we see companies with news releases lately discussing “blockchain” one has every right to raise an eyebrow in skepticism. Barchart.com has MCIG as a strong buy.
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