Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
True but if the company is in final negotiations to restructure the notes, they may have agreed to gag the T/A until done
If that were true, the majority of OTC stocks would never sell a share. They're all garbage, its just a case of knowing when to trade and when to leave.
Or is it a long shot? ;)
You'll get in a lot of trouble now if that exact message is PR'd tomorrow!
I'd given up on this one but I'm starting to wonder after checking the L2 earlier. The ask has dropped significantly over the last few days, 100 mill was removed today and the hits are starting to increase.
Still only $1.2K today but maybe this could rebirth and get back up from no bid?
Slowly pushed down and then quickly painted back up again. I think I'm happy at EOD but not sure? :)
Crazy action, the dilutors walk it down on small volume all day long and then back off and it bounces back within minutes. It just shows what this will do when the OS is maxed and they have no more shares.
You already did explain. Its while their toxic debt is cleaned up. AS will be maxed soon now
This is not about retail or at least not in any great quantity. Shorts, conversion/dilution are interlinked. They short, they convert to cover and the number goes up.
Lets say that the OS number from the T/A is up-to-date for a minute which it could well be. They could have shorted yesterday, shorted today and then used the 7 mill added from yesterday to cover those shorts.
The reason I said tomorrow will be a good day is that if that logic holds, no shares were converted today and therefore tomorrow the shorting will stop. If you were watching the L2 late in the day today, the "dilutors" or shorts imo stopped sitting on the ask.
We'll see, maybe I'm trying to see predictability where there is none but if tomorrow is a green day, I may be correct.
Maybe they'll find a chit for an extra 13 mill propping up a table in the cafeteria and we'll be done!
You reading the posts on ECIG on the board adds to the ticker and increases the number of reads. Then you come on the board and complain that it is on the most read list. That is ironic.
It's ironic that you are coming on here to read the posts and then posting that. :)
Not really. Yes, we aren't any closer to the 300 mill. Apart from that though, it means that tomorrow will be a good day. Watch and see.
Or they used shares converted yesterday to short and dilute with them today.
Great! How are you?
Knowing resistance areas is of slight interest but charts are so misleading when you have dilution coming and going as we have here.
The implication is that there was a big sell off today which is untrue. It was heavy dilution and the price held well.
When that AS is maxed, we can see what happens!
About time for this one to wake up and get going! Patience only lasts so long! :)
I don't mean that it is ECIG's choice. The choice lies with the shareholders on whether we increase the AS and allow the RS. The choice lies with the noteholder on whether they renegotiate which makes the most sense or make claims on the company where their money would be tied up for a long time.
Logic tells me that the aggressive noteholders are already out or aiming to be out before the AS is maxed. The only one's left are then thinking longer term / higher return.
The way I see it is that the AS will max out within a week at most. Then we have a month of play here. During that month, everyone can make their own decisions over whether they stay and play through the AS/RS or not. Personally, I'll see what we get back from the company during that time.
Whether the 3 mill was dilution at that point in time or not, it was the result of dilution. What I mean by that is that it was probably shorts covering using diluted shares so one way or another, that's another 3 mill gone and out of the way.
I think they'll let it breathe tomorrow and get back near 6c. They may as well milk as much out of the last few mill as possible. Like you say, then they can wait till another PR and it will be gone.
Not many more to go....
Actually there is a choice. Shareholders don't have to vote to increase the AS and the noteholder and company would then have to come to an agreement. They can add penalties or take the company to court but at the end of the day, they want their money. Having no shares available actually helps to bring this to a conclusion.
Realistically, the AS increase will go forward. The RS will also probably go forward. It's all choice though, no one has to vote yes.
At least the board has woken up. It's been a while since I saw anything on here.
That is the company's issue. At least it's not ours for now because if there are no more shares, there are no more. Presumably it will force a settlement and new terms. Could be a good thing for shareholders.
Yes, its a scam and highly unpredictable. You can make money between low and mid trips right now but don't hold for long. The concept and business don't make sense imo.
They can only continue to suppress the price while they still have shares to convert. That ability is running out soon. I agree that the 3 mill was a short cover, that was my point earlier. It either came straight from a conversion which would explain the extra decimal points (discount off current price) or a cross from one MM to another as you say. Either way, it was a cover imo.
Their game is over soon and then it's our turn, about time!
This is the OTC market. All I care about is the next month and the vote on the RS let alone the implementation is way off yet.
What is the game here? Price has steadied around 5c for a while now and we are just about to max the AS. This will get real interesting in the next week. 4s or 5s are great right now, flipping for small % is over, it's time for the big play!
AS locked up and no interest? That is crazy. It's what everyone has been waiting for.
ECIG about to get interesting again, OS very close to max. Hit 287 mill today as confirmed by T/A, AS is 300 mill.
It will be more than a month, control is in the hands of the shareholders. This is where we get our payback for patience.
Last time I saw you two on a stock, it was a blood bath and didn't end well. Time to exit...
I would say that large transactions like that at a non-standard rate (0.04854) are likely to be the conversions actually taking place, probably to cover previous shorts during the day.
Let's see what the OS looks like tomorrow and Wednesday, any which way we are getting very close to max now.
True. And when we know the AS is locked up, it doesn't matter about any scare tactics after that, we know they only have a limited number left.
I guess we'll find out soon. One thing is for sure, the AS is getting very close to max now and even with the heavy dilution today, the price held well. One or two more days like this and they are done. I'd guess everyone knows that now which is why their scare tactics to shake people out are not working anymore.
This could get very exciting soon!
Nope, the opposite. It was dilution as confirmed by T/A. We're close to maxing the AS though so this is good news!
As of this email, our records indicate 287,661,190 common issued and outstanding shares.
That was as of 3:19pm and 3 mill was sold just afterwards, could be 3 mill higher.
As of this email, our records indicate 287,661,190 common issued and outstanding shares.
Don't forget GUGS and PUMA sitting down there waiting patiently for someone to get scared and sell them some 0.001s too.
And what happened to the 300 Spartans? :)
Too late and too low a target. Its already running back up. Time to chase