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This company is off to a dismal start on NASDAQ
The price action has been horrible over the past year on the CSE-down 95%
The reverse split was 201;1 and decimated the stock
The price decline matches the financials with millions in losses on the submitted documents
This is pure speculation, based on the Pharma end as the grow space is minute -25k
They aren’t even in testing yet, and will need plenty of cash
So where is the story ?
Been a few years, since I exited.
Sorry to read of the final demise of a once promising story and company.
What a loss.
Hi Junction14,
I think you are smart to look carefully at a trade when it goes wrong.
Many look away in disgust, and want to bury the mistake.
In reality, examining the misses is where one can find pearls, and future profit.
My core portfolio is rarely traded, but supplies me with a sustainable and growing dividend, so I let it work and I review it rarely. I can survive on this, and I let this work while I watch it work every now and then.
I have a portion of my account that I trade and I think about this and review trades in detail.
I have found that volume happens for a reason and those reasons may take weeks, months, or years to sort out.
The point is, by then it is too late, and no longer matters.
The train has left the station.
That volume is telling, however.
While there are times nothing is happening and it is Mr Market playing his games, more often than not,
Something is usually happening.
Sometimes it is good and the stock drives higher, sometimes bad, and it is followed by disaster,as what happened here.
My trading lesson is that I usually sell something into meaningful volume that also has a meaningful price appreciation.
Since I can't know which of the above situations are operative, I use a probalistic model to capture some profits, and ride free with stock ultimately.
Each to his own, and of course, caveat emptor.
Happy trading, and Happy Easter, Passover, or just happy weekend!
Hi Portrayed,
I can certainly empathize with you on your losses.
It hurts ones ego and financial wellbeing, whenever a trade doesn't work out.
What I can not relate to, however, is an attack on another member who has been transparent, honest, and insightful.
I did not partake in the trade you were on the wrong side of, however, I do follow SportyNorty.
I have found him to be of the highest integrity, and to have sound analysis and excellent insight into securities and trading strategies.
Remember, the one responsible for clicking the buy or sell button, is ultimately responsible.
I am with you
Exactly my sentiment
Go big or stay home
Is it fun to speculate without basis?
If you are right
I am out a fraction of a percent of my portfolio
If I am right-I will throw this in the bank
This is how I became financially independent at 40
The question is what do you gain?
Be honest
Are you short?
If not you lose the opportunity cost of money, and wasted time following and commenting on a stock you don't own?
Don't get that.
I will be there ready to buy
This is what it is all about
Someone is right and someone is on the wrong side of the trade
Don't play if you can't handle it
I have stated previously I would rather lose everything than not get fair value for my shares
By doing this many times in the past has given me the confidence and ability to do so
You got it
Loved today
I really didn't think I would get this gift
Please Please give me 5s
I have some 8s now
That makes sense.
There is clearly trading back and forth and my bids don't get filled.
With this volume it doesn't make sense, unless there is some manipulation going on.
I have been quietly loading as well
Would like to get to 2m shares
Keep it coming
Was hoping people would sell back in the single digits but I haven't been able to get filled there
Has anyone else noticed the fills are delayed and it seem like you need to chase ?
It doesn't really matter if you believe it, or I know it to be true based on personal experience.
It is what it is.
Yes.
Without a doubt, there are individuals that have done this.
Don't confuse Price with Value
There are many posts bouncing back and forth about the price of the stock.
It is in need of a pull back..
Consolidation...
It is healthy to have a slower appreciation...
What matters is the value of the company.
Technicals are helpful in determining buy/sell for trading, but in the long run, the price will reflect the earnings and the multiple the market will ascribe to those earnings(amongst other factors)
ECIG can and should continue its ascent higher, because it is undervalued
Great to see an honest post, such as yours.
There is no question, it is tough to hold on when the debt spiral was happening, and almost everyone would have been catching a falling knife or losing.
Harder still to sell, and watch it take off, and be honest.
Some try to bash, and depress the SP to get in.
You didn't-thankyou for your honesty.
I am holding tight and bought in again on the way up.
This is a wonderful opportunity with many catalysts in the next few months.
We are heading past 1.00, I believe, and it is happening rapidly.
Congrats Indeed!
We have been waiting,
and waiting,
and ...
waiting
Yes it does feel good
Patience is a virtue,
Delayed gratification,
How you really make funny in stocks.
Wait,
Hold,
and profit.
Test the Hypothesis
One way to test the hypotheses is to examine the tape.
If A preplanned large trade is to occur between individuals is to take place they will set the price before.
To avoid others grabbing the shares, the price will be set at a unique number, such as .14132
If the buy and sell are the same, it is highly unlikely someone else will grab those shares, particularly as the buy/sell orders are entered at a specified time.
Hi Toons,
I think this is a real possibility.
When I saw the huge volume(over 70m in 2 days), I didn't know why, but I knew something was happening, beyond retail investors.
I averaged up and bought more.
There are many catalysts, and it should be an interesting, and hopefully, profitable month.
I still have to send in my yes/no vote.
Old news, as you say.
The question I posed, which led to this google search, was - what ever happened to Elliot Maisel?
I think this is accurate, but what about the founder of FIN?
Elliot Maisel, left the board shortly after the merger.
I always wondered who the note holders were responsible for the death spiral...
Yes, those Stop loss triggers become our fills!
Just home but see I was filled 100,000 at .126
A little pullback was expected.
Go ECIG
You have summarized the situation nicely.
I have a large position, and am hoping for another sell off around the time of the vote, as I have a lot of dry powder, as you say to purchase.
This stock is unusual for me in many regards.
First, I don't usually but penny stocks, and came here because of ECIG and the unique situation.
Second, I don't usually average up.
Still, as information is coming in, I believe we are in a better situation than I thought a few months ago, and have and plan on doing so further.
I am not certain, however, that I will get the chance, as I believe the dynamics at play here have changed.
And to you!
Feels great to have hung in there.
We knew it had to take off.
I agree.
I haven't sent my vote in yet, but will.
Hope so.
Funny, I just bought another 150,000 at .069 and chased to .07, wishing I got more at .06s.
No idea
From a technical perspective this is breaking out, and has been waiting for some good news
I suspect something positive, and will eagerly await the next earnings report
From a fundamental perspective we have a ways to go, but small cap growth stories take a while to materialize usually, and the organic growth and growth from acquisitions had been impressive
So, no idea when it will hit 1.00 , but you may not lose money by taking profits now, but you won't get rich that way
It's great to see all the longs being rewarded isn't it
I feel the sun has come out and all the pesky Mosquitos/ shorts have disappeared for awhile!
I have waited a long time, and plan on holding for all the gains I expect.
We will see as it crosses 1.00, about lightening up a bit, unless there is new developments.
Finally!!! Feel like voting yes.
After all this wait, it is awesome to see the price reflect the value and opportunity here.
Sweet, sweet , sweet.
Logic and analysis is enjoyable, but having the market confirm it, feels sweet.
If this keeps up, there will be some very happy longs
Congratulations all!
Proxy Vote: Preferred Shares
I was just reviewing the proxy materials for the Special meeting of shareholders.
Having reviewed the documents, and thinking about this further, I am going to vote Yes to the R/S, but No for the preferred.
I need some communication from the board about the rationale for the Preferreds.
There is a statement in the materials submitted that deals with avoidance of a takeover as a rationale for the R/S and modest increase in the O/S, but this doesn't seem reasonable as a rationale for preferred.
Management needs to convince us on the need for this, or one might consider this could lead to further R/S and increase in OS at the boards discretion.
Otherwise I vote Yes to #1, and No to #2.
Hi Toons39,
Just read your posts (I have to filter and follow just a few due to amount and quality!)
You are bang on from my understanding.
Well Fargo and Cannaccord were to lead the uplisting, and they failed to secure the 150m required.
The price at that time was in the order of 6.00, and the prior financings required that.
I suspect they could have filled the offer at less than that.
My take is by pushing a higher number, they lost the deal.
So entered the debt spiral-conversion-shorting...
Then again, this afforded us the chance to get in at a discounted value.
If they can finalize the debt, this should take off.
I have been loading up this morning at .068 and again at .07.
The run, I believe, is just starting.
Finally!
I guess that is why they say patience is a virtue.
Good luck to all.
As I see it...
ECIG remains tremendously undervalued.
The share price has been decimated because of the failed IPO, and complex financings of acquisitions using the stock tied to a high SP.
Failed IPO, and consequently lack of capital to pay off note holders led to massive conversions, shorting, covering , dilution, and Decimation of SP.
With all the above ECIG remains tremendously undervalued and is poised to rebound with huge gains.
Still....
The proposed Split and increase in share count has created some overhang, and remains unpopular.
I think many of us would vote against this at this point because it is an easy way out down here, and the BOD need to find a way to have the street see the value of this company and see some significant SP appreciation before said R/S and Increase in share count.
ECIG has made some significant gains with reorganizing the BOD, and restructuring debt.
This isn't enough.
They need to :
1. Communicate this clearly
2. Communicate the positive benefits, as they had previously prior to this debacle, which led to the huge gains shown in ECIG value previously -some preliminary or final data on q4
3. Communicate the explosive growth in revenues BEFORE the vote
4. Create additional value in ECIG Before the vote
I believe this stock will go parabolic if they do, and we will be all much more willing to vote positively for a R/S and A/ S
As for "Preferred Shares"
I would want to separate that out at the meeting and would add that to the agenda. This could be formalized as a letter to the BOD for an addition to the agenda per current board governance requirements.
Specifically, i would want to see these shares eliminated unless they were there to incentivize the BOD ( after all they need to have a reason to donate their lives to this as they have also been diluted), and to prevent a takeover for voting purposes.
I would vote against the preferred shares if they allowed further increase in the A/S and R/S without a vote by us shareholders, as this would erode the current shareholders value while preserving the preferred shareholders/BOD.
Remember they did this when they had a majority to allow the increase to 300m last year without a vote.
This did permit the purchase of FIN and Vapestick and the huge creation of value and Massive SP appreciation.
Still, the fact that they allowed these purchases to be tied to a stock price north of 6 has both put us in the position of low sp we are in now, and given us the opportunity to invest at rock bottom price.
We need that same leadership to step forward and communicate and lead as noted above and we will see massive gains imminently, and I for one will be much happier when we meet in NYC to vote.
He suggested at one point that the company could reach 200m.
It was on a BNN interview from around Dec 2013, if I recall correctly
Great to have you on the long side.
Difficult to generalize.
This shareholder remains optimistic.
Then again, one has to have the ability to weather the turbulence.
It helps if you can lose the entire position and sleep.
I can.
No inane shorters will shake me.
Then again, this is why I can do this.
I have been down this road many times, and it is both exciting and concerning.
The wins have allowed me to retire early and take these risks.
I will be surprised if we can't win this.
The only thorn is the note holders.
I get it that they will win, relatively, however we can still succeed if we avoid a vote for a R/S and preferred shares.
Good luck to all.
I am on the long team, but if the shorters win good for you.
I can't imagine shorting a stock at .05 unless you were a note holder.
Thank- you for the information.
Your posts are always balanced, evidence based, and logical.
ECIG requires patience, but I believe we will be well rewarded.
Hi Vapor5150
Tried to reply to you but the private function is a premium!
The Canadian link is far from dead
Several posters here are part of the original group and have not sold, based on their postings
The Canadian link has been present since the beginning with the initial investors since the reverse takeover of TCKM.
I am more than curious to know what is brewing.
I will also be keen to analyze the revenues and composition of those revenues, rather than estimates from emails from the CEO.