Brent Willis
9:56 AM (7 hours ago)
to me
Hi Zach,
Thank you for your message. I can tell you that I know of no one in the company or even semi-insider that we know of has sold a single share.
Performance-wise, the company continues to deliver – better than any other company in the sector that we can compare to or know of – with sequential revenue growth in the previous quarter of >40%, and underlying EBITDA margin of >50%, with EBITDA of >$3.2MM. I can’t manage the speculators or the buyers or sellers. All we can do internally is drive the performance of the firm …which we have done going from essentially $1MM in revenue in 2013 to >$80MM in 2014.
I am equally frustrated.
Brent
Brent David Willis
Chairman & Chief Executive Officer
Electronic Cigarettes International Group
Next reply:
Brent Willis
Attachments10:19 AM (7 hours ago)
to me
Zach,
Here is what I know:
This business is growing like a weed, outperfroming all other in the space
We have tremendous growth potential in front of us, unlike I have ever seen in my career
We have the management team, distribution platforms, brands, etc and capabilities to capture those opportunities
Following the unsuccessful re-IPO, we have had this very negative impact on the stock – that has made funding growth extremely challenging
We are working on the funding and cap structure with the debt holders to align the path forward – good progress, just not done yet
I am pulling our S-1 today, so any actions to uplist onto nasdaq right now (like a reverse) is not on the table – my simple plan is drive the business, deliver revenue & profit, and live to fight another day.
Brent
Brent David Willis
Chairman & Chief Executive Officer
Electronic Cigarettes International Group