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I'm a bit confused and not quite sure which penny trader to believe regarding ECIG. Hmm.. Decisions, Decisions.
Why are shorts Covering Mr. penny?
I agree with the first part of your statement and strongly disagree with the second part. Better?
To be clear, ECIG dropped from 5.00 dollars to .50 on 3 million total share volume over the course of a month. Hardly what I would consider as flooding the market.
Debt doesn't tell the whole story now does it Mr. xtrader?
Please take a little bit of time to research the company and the people involved before saying such things. How you could possibly compare ECIG to a company with 10 billion shares and no revenue is beyond me. Read the resume on Brent Willis and Bill Fields. I know the next logical Business career decision after running the largest beverage company in the world, and overseeing 600 stores for the largest retailer respectively, is to launch a typical otc share selling scam? There is no way you can honestly say that with a straight face. Good day sir.
Brent Willis has served as the Chairman of the Board of Directors of the Company since the Company became a public enterprise in June 2013. He is also an owner of a group of Private Equity backed firms and has operated as Chairman and Chief Executive Officer of Liberty Ammunition, a leading lead-free ammunition company, Throwdown Industries, a leading mixed martial arts company, and multiple other enterprises. From 2006 through 2008 served as the CEO for Cott Corporation, the world’s largest retailer brand beverage company, and from 2002 through 2006 was the Global CCO, President, and on the Board of Management for InBev and Board of Directors for AmBev (NYSE: INB.BR, ABV) and developed and implemented the strategy that led to the creation of the world’s largest beer company. From 1996 through 2001, Brent was a President in Latin America for the Coca-Cola Company. From 1987 through 1996, Brent worked for Kraft Foods, Inc., where he managed a number of Kraft’s leading brands, developed their Category Management system in the US, led numerous acquisitions and joint ventures in Japan, Korea, Indonesia and others, and launched the Kraft Brand in China. Mr. Willis began his career as a Second Lieutenant in the United States Army in 1982. He served with distinction and was honorably discharged with the rank of Captain. He received his BSc. Degree in Engineering from the US Military Academy at West Point and an MBA Degree from the University of Chicago. He has served on the Boards of various public, private and not-for-profit firms and is currently the Chairman of the Board of Throwdown Industries.
Bill Fields has served as a member of the Board of Directors of the Company since December 2013. Mr. Fields is currently Chairman of Fields Texas Limited LLC and Four Corners Sourcing International. In addition, Mr. Fields is also a Managing Partner of Strategic Brands LLC. Previously, Mr. Fields served as Chairman and Chief Executive Officer of Factory 2-U Stores, Inc. from 2002 to 2003, President and Chief Executive Officer of Hudson’s Bay Company from 1997 to 1999 and as Chairman and Chief Executive Officer of Blockbuster Entertainment Group, a division of Viacom, Inc., from 1996 to 1997. Mr. Fields has also held numerous positions with Wal-Mart Stores, Inc., which he joined in 1971. He left Wal-Mart in March 1996 as President and Chief Executive Officer of Wal-Mart Stores Division, and Executive Vice President of Wal-Mart Stores, Inc. Mr. Fields has also served as a director of the following companies during the past five years: Lexmark International, Graphic Packaging Corporation from 2005 to 2008, and Sharper Image Corporation from 2006 to 2008.
As of September 30, 2014 and December 31, 2013, debt is as follows:
January Private Placements
$ 3,354,022 $ -
February Private Placements
2,586,206 -
The December 13th notes are the VIP Notes. They know the value of the company. It is their products on the shelves in Europe. They are aware first hand of the sales growth the company is experiencing. There is no ownership percentage clause which is why it was my belief initially that they would convert down here to gain a much larger stake in the company. Convert and Hold for higher ground. The fact that they haven't converted for a very large stake in the company Leads me to believe that they are in negotiations with management on some kind of restructure. It makes absolutely no sense for them to sell their stake, at wholesale prices, in the company that bought them out when they are aware of the potential. Which is why I am not worried about the VIP notes or the 12% (FIN) Notes at the moment. It is their products that are flying off the shelves. They know the potential future value those shares will hold. The short term Debt holders who financed the acquisitions have no such compunctions. They made their agreement and when the Notes come due they will convert and sell at whatever price to get the profit baked into the agreement. Which is why I believe the notes converting are the Jan/Feb and 4% notes.
Care to elaborate on the reasoning behind that statement sir?
To be honest I'm taking that 80 mill figure with a grain of salt. I think anyone expecting a 300% increase in revenue over last quarters numbers is setting themselves up for a letdown. I would be tickled pink if they are able to maintain 40% quarter over quarter growth for a bit. That would still put next year total revs over 200 mill. Here are the figures if ECIG is able to sustain a 40% Quarter over Quarter growth rate for the next 8 Quarters. I don't think that it is completely unthinkable considering the projected growth of the Current ECIG market, The vast distribution Networks that ECIG has in place, The amount of market exposure ECIG products have (products in 50,000 retail locations worldwide), and the excellent pedigree of the ECIG Leadership.
Quarter 3 2014 Revenue Reported : 15.90 million
Quarter 4 2014 Revenue Estimate : 22.26 million
2014 Total Revenue Estimate : 53.56 million
Quarter 1 2015 Revenue Estimate : 31.16 million
Quarter 2 2015 Revenue Estimate : 43.63 million
Quarter 3 2015 Revenue Estimate : 61.08 million
Quarter 4 2015 Revenue Estimate : 85.51 million
2015 Total Revenue Estimate : 221.38 million
Quarter 1 2016 Revenue Estimate : 119.71 million
Quarter 2 2016 Revenue Estimate : 167.59 million
Quarter 3 2016 Revenue Estimate : 234.63 million
Quarter 4 2016 Revenue Estimate : 328.49 million
2016 Total Revenue Estimate : 850.42 million
Your Welcome. ECIG
I have been keeping an eye on the T/A and I have been here since the conversions began. The first two weeks of December they added roughly 20 million shares at an estimated average price of .20. This would equate to roughly 4 million dollars converted or about 3.2 million given an 80 % discount. I believe an estimate of about 9-10 mill converted total since the conversions began is likely fairly accurate. The lowest Discount I've seen going over the conversion agreements for the company is 70%. I will agree That it is pure speculation regarding which notes have been or are currently being converted, But It is my belief that the Jan/Feb notes as well as the 4% notes are already converted. The 6% notes are on a monthly prepayment plan. The 12% notes are the FIN notes for 11 mill. This is their company and products on the shelves. Not likely that they are going to sell their shares at rock bottom discount prices when they are well aware of the potential in my opinion. The same could be said for the VIP Notes in my opinion.
7. DEBT
As of September 30, 2014 and December 31, 2013, debt is as follows:
January Private Placements
$ 3,354,022
February Private Placements
2,586,206
6% Convertible Notes
13,520,458 -
4% Convertible Notes and 4% Exchange Convertible Notes
4,267,093 -
12% Convertible Notes
11,052,632 -
VIP Seller Notes
11,000,000 -
Line of Credit
1,594,497 -
Note Payable - Building
430,572 -
Trade Loan
260,754 -
Very nice day ECIG. Enjoy the weekend.
Even better they prepaid the jan/feb notes down to roughly 5 mill combined before these conversions started. The 4% notes were prepaid down to about 4 mill before the conversions started. I estimate they have converted roughly 10 million dollars this month. So go ahead and wipe those notes off the books. The 6% notes are on a prepayment payment plan on a monthly basis so those will be spread out over a longer period of time.
Yes. I believe it is.
Looking very nice ECIG. Hope everyone had a nice Christmas.
Walk into Walmart, Buy a FIN, AND say that again.
yes, time for a nice steady move up. ECIG
ARCA at .20 COHI at .15 GO Time ECIG
EX CEO of INBEV on our board, (anheuser busch Anyone?)
Ex ceo of Walmart on our Board
Products in Walmart, Walgreens, Speedway, DrugMart to name a few.
16 million in revs last Quarter
40% quarter over Quarter growth
Products in 50,000+++ Locations worldwide
I can Buy their products in 3 stores within a half mile from my house. How is that a scam?
Merry Christmas to you too
ARCA just moved up to .20
try .08. better cover
Good morning
What in the world are you talking about?
It's actually looking just fine. Pushing back up now.
What's your opinion tomorrow after you buy penny?
That is correct.
Stock Transfer Department
Dec 23 at 4:32 PM
As of this email, our records indicate 143,236,217 common issued and outstanding shares.
If I can be of further assistance, please do not hesitate to contact me.
Best regards,
Anica Relaford
Stock Transfer Department
Email: info@natco.org
Nevada Agency and Transfer Company
50 West Liberty Street, Suite 880
Reno NV 89501
www.natco.org
Tel: 775-322-0626
Fax: 775-322-5623
Your right. The downward trend line was broken. Stop and reverse says ECIG is ready to go back up.
Couldn't think of any logical arguments? Too funny. ECIG
Filing And Link. TEN Motives Acquisition cancelation. Stop posting false information.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 1, 2014
Electronic Cigarettes International Group, Ltd.
(Exact name of registrant as specified in its charter)
Nevada
000-52745
98-0534859
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification No.)
14200 Ironwood Drive, Grand Rapids, MI 49534
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (616) 384-3272
n/a
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.02 Termination of a Material Definitive Agreement
As previously disclosed in the Current Report on Form 8-K filed with the Securities and Exchange Commission on June 5, 2014, on May 30, 2014, Electronic Cigarettes International Group, Ltd. (the “Company”) entered into a share purchase agreement (the “Exchange Agreement”) by and between (i) the Company, (ii) E-Cigs UK Holding Company Limited, an England and Wales registered limited company and a wholly-owned subsidiary of the Company, and (iii) the stockholders of Ten Motives Limited and 10 Motives Limited (collectively, “Ten Motives”), each an England and Wales incorporated limited company (the “Ten Motives Shareholders”), pursuant to which the Company’s subsidiary would purchase all the shares of Ten Motives from the Ten Motives Shareholders in exchange for (1) $40,000,000, (2) 5,400,000 shares of our common stock and (3) a range of an earn-out starting at approximately $7,500,000 and attaining a maximum amount of $10,000,000, if the revenue (as defined in the agreement) of Ten Motives is equal to or exceeds £18,072,288 for the lower end of the range and £34,307,228 for the maximum earn-out for the twelve-month period ending May 30, 2015 (the “Acquisition”).
On December 1, 2014, the Exchange Agreement was automatically terminated by its terms. In conjunction with the termination, on December 2, 2014, the Company paid Ten Motives a break-up fee of $350,000.
http://ih.advfn.com/p.php?pid=nmona&article=64692550
Nope never heard of that lol. Has yet to happen with this stock. I guess I will cross that bridge if I come to it. Interesting point though, This stock went from 60 to .05. it also went from .05 up to 60. hmm.. Merry Christmas
Let us look at the ECIG Chart shall we? Nevermind that inverted hammer, Which technically could also be considered a bullish harami, that formed yesterday. It's held .08 support for the past six trading sessions with the exception of one out of sequence trade for 2000 shares at .06. This is also the longest period of time that ECIG has held a support line since the beginning of the free fall from 4.00, signaling a potential bottom. Ma 7 has a Bullish pinch on Ma 10 as well as a pinch on fast STO. PPo and ADX still showing a very nice pinch. MFI continues to rise and CMF will show a higher low. Decline on accum started to taper off yesterday. Bullish PSAR flip. RSI sitting at 20. I'd say it looks Like a nice setup in my opinion. Merry Christmas.