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So the OS numbers must be just one day off. They have only added 8M this week not counting today, I don't know if they are finished or it is a strategy. I would like to learn more about these conversions work. Are the shares added to the OS number added when the shares are handed over to the note holders or when the shares are sold?
1/15 OS=230,976,653 post 26886
1/14 OS=223,027,623 post 26327
1/13/15 OS=223,027,623 post 25641
1/12/15 O/S =222,055,854 post 25047
1/9/15 O/S=213,021,091 post 24317
1/8/15 O/S = 202,521,091 post 24317
1/7/15 O/S = 202,521,091 post 24317
1/6/15 O/S = 194,521,091 post 24317
1/5/16 O/S = 185,688,703 post 24317
Not with the new CFO. I am trying to understand your gameplan here at this price. I assume you are short. If you push bad news, the stock drops and the longs buy. I don't think that helps shorts. The better situation is like yesterday where good news comes out, flippers jump in, shorts take over and make $$$
IMO it is more, the shorts must know how much dilution is left and when it is going to be diluted... i.e. working with noteholders. Otherwise they are playing with fire at this price with that much out and dilution coming to an end soon.
I think those numbers are from Monday. I am guessing tomorrow ~ 224M and Friday, 232M OS. It looks like leading lambs to slaughter with dilution. If you know good news is coming and you have 9M shares to dump with dilution, let it climb Monday, Tuesday, wait for the good news, let it climb until the afternoon and then dump the 9M shares to maximize $$. Coordinate with shorts to increase the money.
Proxy Statement - Notice of Shareholders Meeting (preliminary (pre 14a)
Attack at 2:10 on a news day, just like clockwork.
If you have 50,000 shares at $2, for $100,000. Why not buy 50,000 shares at .05 for another $2500 and average down to .50 per share. If you are long that reduces your risk greatly for not much more investment and for .50 you might make money this year.
Yeah, hopefully the drop the RS idea. I would be okay with a 1/10 RS with .50 stock price pushing the stock to $5 to uplist. One comfort I did get when buying last week under .05 after the RS proposal was released was that even with a 1/100, you need stock above .05 to get $5.
I would be okay with a larger AS also if the debt was shown to be restructured before hand, as I would not want the increased shares to go for more dilution. I think big investors like a good AS also, so that when it is time to cash in, it does not effect the stock price.
Yesterday was O/S =222,055,854 post 25047, so roughly 1 Million. Thank You
He is our lucky charm, every since he started posting we have been green.
I am very curios to see the latest O/S numbers. My guess is right now that most of the dilution stopped Thursday with the big 50M volume and the last big push to 0.03 followed by two low volume days in green.
Yesterday was the 13th day, I checked this morning if it was set yesterday... but it didn't show the Rule 4320 flag set
http://otce.finra.org/RegSHO
I think if you are long at this point, 20 to .05, you are probably not selling. The point of the bashing is to scare off other people from buying. IMO this stock is going to 0 or will have a great return eventually. I am willing to risk my money on that it is not 0.
IMO the numbers are 2 days behind, with 9M per day, that gives us sometime between next Monday and Wednesday that the 300 O/S is reached. Of the say 30M debt, I have been trying to figure out just how much is due right now.
1/12/15 O/S = 222,055,854 post 25047
1/9/15 O/S = 213,021,091 post 24317
1/8/15 O/S = 202,521,091 post 24317
1/7/15 O/S = 202,521,091 post 24317
1/6/15 O/S = 194,521,091 post 24317
1/5/16 O/S = 185,688,703 post 24317
12/23/14 O/S = 143,236,217 post 10344
12/18/14 O/S = 127,804,089 post 7012
12/9/14 O/S= 88,545,726 post 1027
The 131,918,266 is Total Liabilities, it is listed the same in both. Total Assets - Total Liabilities = 156M Total Stock Equity. That is a positive 156 M as Total Assets are more than Total Liabilities. As ppnf said it will be surrendered by () if negative and the goodwill at $140.5m and for intangibles at $110.5m is the main point. I am guessing that they are not estimated by 156M though.
Numbers from 10q/a (on the blue tab, which is the link below, from posted on the ecig website) looks exactly the same as what you just posted to me.
http://irdirect.net/filings/viewer/index/1398702/000135448814005973/xbrl/
I am voting no if a vote happens for the same reason I have shares now. IMO ECIG is worth more than the debt eliminating the BK option. I could be wrong, but that is a risk I am willing to take at this point.
Wow amazing work, I've been looking at the myself this week to try and figure out an estimate on how much current toxic outstanding debt. Do you have any idea of an estimate? The sticky post on 12/16 http://investorshub.advfn.com/boards/read_msg.aspx?message_id=109264400
used $10M as a number and these number are getting close to that $10M mark. I've been combing through filing myself to try and figure it out. You are putting some hours in also and releasing the info for free... very commendable
I really don't see this dropping to .01 with the current cap. If the priced had dropped to .01 yesterday, I was going to buy the house. At .01 *150,000,000 shares =$1.5 million which is enough for a takeover... that is less than the longs on this board has vested earlier in the week.
I don't see how an rs would play out. An rs with toxic debt is pointless. Once they rid the toxic debt, then the stock goes up and an rs is possible not needed. Unless the stock goes up to a point with no toxic debt that an rs would could get it out of OTC. That would be the only situation I would vote yes for rs.
This year might be different, but it looks like they did 1q in May last year.
http://finance.yahoo.com/q/sec?s=ECIG+SEC+Filings
1) News on advertising. At the end of the day, this company succeeds with revenue... and the sooner the better. They need good 4q numbers, they are what they are. The next critical number is 1q. Some said they should be spending on the debt, but if they analysis showed a return on advertising, they would be good money spent for good 1q numbers. Also, that shows they do some operating cash
2 &3 I didn't get the pm, but assuming pk info is correct. Timing of the releasing of preliminary r/s and buyback, with dilution possible done and short selling retreating might just be what the stock needs.
Yeah, imo ECIG made three big decisions this week. I like all three... so far.
It means the longs have been taken a beating while MoneyMade has made a killing and out of the next three days, we might actually get one green.
Reg SHO flag set yesterday, that is day 11.
http://otce.finra.org/RegSHO
I cant PM either, but I am long and would love the news. Thanks.
I just bought 5000 more, I think we hit bottom when the dilution is done which I think will be soon.
From the shares # posted on this board, people here have over 1 million invested. For 15000 I think we would gladly takeover, make sporty CEO. I have only one more post today, so you get the last word.
At .0001, we could takeover this company for $15000.
With a 300M cap and with 91.5 million left to possibly dilute, it seems you would want to stop otherwise you run the risk of not being able to overcome a hostile takeover?
Also if last quarter numbers come out in March, why have a meeting in Feb? ... kind of voting blind
My 30,000 shares have a no vote.
I found the end interesting. Though they currently do not foresee a takeover, voting yes gives strong control over a takeover. Why would someone vote yes to give them full control looking at what they have done so far?