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Who is trading this & why?
Just trying to find out if I can get the Policy#...Anyone else have any luck? THX
It makes sense...they serve the US and the U.K. I have an inquiry into them....Sorry I do not have PM.
I'm not sure how to proceed without counsel from here.
This co is listed...don't see the others:
In the filing line 73 is says unamortized Prepaid Commercial Liability insurance premiums..March..April & May 2017!
http://www.lockton.com/
I will look!
From: "Antonia Darling (USTP)" <Antonia.Darling@usdoj.gov>
To:
Cc: "Lenard Schwartzer" <trustee@s-mlaw.com>
Sent: Tuesday, April 11, 2017 12:14:30 PM
Subject: RE: Potential Case of Interest: ELECTRONIC CIGARETTES INTERNATIONAL GROUP CASE# 17-11242-MKN
If they won’t turn it over you are left with initiating an action and subpoenaing the documents.
Antonia G. Darling
Assistant US Trustee- Sacramento
Acting AUST – Las Vegas
US Department of Justice
Office of the US Trustee
501 I Street, Ste 7-500
Sacramento, CA 95814
(916) 930-2090
From:
Sent: Tuesday, April 11, 2017 11:52 AM
To: Darling, Antonia (USTP)
Cc: Lenard Schwartzer
Subject: Re: Potential Case of Interest: ELECTRONIC CIGARETTES INTERNATIONAL GROUP CASE# 17-11242-MKN
Hi Antonia,
I appreciate your response! I am a shareholder with out any recourse here with the exception of a possible claim against the D&O policy. How may I obtain this information?
I have been in communication with Mr. Schwartzer on several occasions and he has been very helpful and prompt in responding, but the D&O policy information is not something he is willing to divulge as he states that it is the property of the estate.
So how else might I go about getting this information?
Thank you for your time!
Sincerely,
Michael Olsen
Dear Mr. Olson-
This case is a chapter 7. The trustee is Mr. Schwartzer, copied here. He may or may not have obtained the documents you request, but, generally we suggest that creditors obtain documents such as this directly from the debtor.
Antonia G. Darling
Assistant US Trustee- Sacramento
Acting AUST – Las Vegas
US Department of Justice
Office of the US Trustee
501 I Street, Ste 7-500
Sacramento, CA 95814
(916) 930-2090
From: Green, Nathan B. (USTP)
Sent: Tuesday, April 11, 2017 8:33 AM
To: McDonald Jr, Edward M. (USTP); Finneran, Clarke (USTP); Davis, Melinda R. (USTP)
Subject: FW: ELECTRONIC CIGARETTES INTERNATIONAL GROUP CASE# 17-11242-MKN
From ECF Mailbox
From:
Sent: Tuesday, April 11, 2017 7:32 AM
To: USTP Region17 LV ECF
Subject: ELECTRONIC CIGARETTES INTERNATIONAL GROUP CASE# 17-11242-MKN
Good Morning,
I would like to request the insurer and policy# for the D&O on Electronic Cigarettes international Group. CASE# 17-11242-MKN
Thank you!
Michael Olsen
Did the links work this time? Thought you may be able to help decipher if the insurer is listed here. I hit up the trustee Schwartzer and the attorney Larsen again.....no-one is willing to divulge insurer or policy #.
It is showing up at my end...anyone else having troubles seeing it?
I have not been able to uncover any insurance info with the Bankruptcy Docs. I will keep looking!
I cannot find an insurer listed on any of the documents I have. How else can we uncover the policy?
You can sign up on the Pacer website and get access to all:
https://www.pacer.gov/
I have all of the Bankruptcy documents....I will go thru them to see if we can at least identify the Insurance company! Would the insurer be listed as a creditor?
Response from Schwartzer after I requested D&O policy and Carrier:
It is my position that the D&O insurance is property of the estate and anyone else who interferes with that ownership is violating the automatic stay.
Lenard E. Schwartzer
Federal Bankruptcy Trustee
2850 S. Jones Blvd., Suite 1
Las Vegas, NV 89146
702-307-2022
I emailed BAT to see if I can get a response....Yeag...You sell yet?
I Have again requested from both Bart Larsen and Lenard Schwartzer the D&O carrier and Policy#.
I agree with you....Paper Shelters!
Response I received when asking who purchased VIP & When:
From: admin@vipcig.com
To:
Sent: Friday, April 7, 2017 9:29:15 AM
Subject: RE: [VIP Electronic Cigarette] Message from contact form [no_sync] [CSE: mZpPoI, TKT: WrdUnC]
Good Afternoon,
?
Thank you for your email
?
At this stage we are unable to comment.
?
Sorry for the inconvenience
?
Kind Regards
?
Aaron
?
VIP Electronic Cigarette | Electronic Cigarette International Group
Address: VIP, Must Have Ltd, Unit 3-8, Bury South Business Park, Riverview Close, Dumers Lane, Radcliffe, Manchester, M26 2AD.
Phone: 0844 822 9989
Web: www.vipelectroniccigarette.co.uk
I'm confused...so MHL was DBA VIP and also owned Vapestick but they are not in admin. Is Vapestick considered in admin because they are ultimately owned by MHL?
How is this all legal? I always felt like we had some security in ECIG due to the fact that VIP/Vapestick were flourishing in the markets outside the US and then FIN would come around once the FDA settled down? %$*#
Unreal....We all invested in solely in FIN without even realizing it!
Imagine that...More Vapestick products on VIP website:
https://www.vipelectroniccigarette.co.uk/new-products
I Have an email in to the UK administrator regarding the details of sale by BAT....No word back yet.
So....ECIG was basically a common shareholder in VIP and Vapestick and then when the administration hit MHL (ECIG-Common Shareholder) Gets the shaft like US!?
No. I can’t. All my information is second-hand. I am waiting for the Administrator’s report.
Lenard E. Schwartzer
Federal Bankruptcy Trustee
Sent: Wednesday, April 5, 2017 3:28 PM
To: Lenard_ Schwartzer <Trustee@s-mlaw.com>
Cc: Libby Benson <LBenson@s-mlaw.com>; Jennifer Elliott <JElliott@s-mlaw.com>
Subject: Re: ECIG VAPESTICK
Can you confirm...MHL as a wholel was sold or Just Vapestick? How much? Thank you!
Not yet....I will be sure and let you know as soon as I hear.
I will try to get confirmation......
Ultimately all of the shareholders were only investing their money in the FIN brand(Worthless) with the appearance that VIP/Vapestick were part of ECIG.
Smoke/Mirrors and Paper Shelters!
Well...I guess Vapestick was owned by MHL as well and has been sold to BAT...Response Below:
From: "Lenard_ Schwartzer" <Trustee@s-mlaw.com>
To:
Cc: "Libby Benson" <LBenson@s-mlaw.com>, "Jennifer Elliott" <JElliott@s-mlaw.com>
Sent: Wednesday, April 5, 2017 2:32:06 PM
Subject: RE: ECIG VAPESTICK
Mr. Olsen-
Vapestick, that you are referring to, was owned and operated by Must Have Limited, a UK entity, for which had an administrator appointed at the request of HMRC. I have been told that the company was sold to BAT.
Lenard E. Schwartzer
Federal Bankruptcy Trustee
From:
Sent: Wednesday, April 5, 2017 5:47 AM
To: Lenard_ Schwartzer <Trustee@s-mlaw.com>
Subject: Re: ECIG VAPESTICK
Good Morning:
It appears that Vapestick is still in operation...please see email response below. Under Chapter 7 is it not the case that all operations are ceased? IS the FIN Brand still selling?
THX
Michael
Response from Vapestick:
Good Morning ,
Thank you for your email .
We are still trading business as usual, and at present np changes have been made to our products or the way we sell our products , you are still able to order online and via telephone as normal .
I hope this helps.
Kind Regards
Miss Kate Bailey | Senior Customer Service Executive
The Vapestick Group | Electronic Cigarette International Group
Here is the response I received from Mr. Schwartzer:
No. If you make a claim against the officers and directors. I will make a claim on behalf of the bankruptcy estate for coverage of such claims.
Lenard E. Schwartzer
Federal Bankruptcy Trustee
Sent: Tuesday, March 28, 2017 10:48 AM
To: Lenard_ Schwartzer <Trustee@s-mlaw.com>
Subject: Re: ECIG CHAPTER 7 BANKRUPTCY RESPONSE FROM MHL/VIP ADMIN
Is it possible to get the insurance carriers name and claim form? Thx Michael
Hi Yeag....I have not sold yet...I think either way it is considered a capital loss and there is no benefit other than not having to document your stock died at zero.
Since we are so early into the year and it is a total loss already I figured I would wait to see if any new developments come our way....not likely but wishful thinking.
THX
E-Cigarettes & Vapourizer Market to Reach $28.57 Billion with 21.1% CAGR Forecast to 2022
http://www.einnews.com/pr_news/374318874/e-cigarettes-vapourizer-market-to-reach-28-57-billion-with-21-1-cagr-forecast-to-2022
I'm in! We have been thru thick and thin in an industry segment that is booming! This bankruptcy over a 3mil tax deft is ludicrous! The revs this company produced and has produced over the years was bound to overcome the obstacles at hand! I am shocked about current events given the progress ECIG was making as a company! There have been tougher times along the way than this one!