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We can't blame flippers or daytraders... in here. We can blame management that, in nearly 3 months, the only news coming from the bussiness itself is that they added some Murphys shops... Not a official confirmed paper about restructuring or guidance about 2015, etc... Baffling. Hope there is a PR today before open or, unfortunately, we are doomed for another down day... Unless the company steps clearly supporting the PPS, with transparent communication, or this will remain daytraders paradise and a puppet in MM's hands... (until the 10k strikes). I always said that that ammount of negligence and ineptness is quite suspicious... and that the management is playing the game with some MM's (and the guys backing behind). I can't find another explanation apart from ineptness itself. They'll turn investors into flippers, and creating an image that will be difficult to turn around.
To whom it concerns: Thanks to update the pictures in our board.
An article:
which links to this quote:
":On July 17, 2014, we exchanged the remaining $10,500,000 outstanding principal amount of FIN Promissory Notes with Dominion Capital LLC and MG Partners II, Ltd., a subsidiary of Magna Group, LLC, the holders of such notes, for 12% original issue discount convertible promissory notes in the aggregate principal amount of $11,042,632 (the “12% Convertible Notes”)".
http://www.bloomberg.com/news/articles/2015-03-12/josh-sason-made-millions-from-penny-stock-financing
AND explains very well the treacherous last months for the ECIG's PPS. I hope the new management, by now, has figured out how to disengage the company from financers like that....
And a thought: if the "system" allows getting big money from destroying value... that's the beginning of the end for that system... Those who rule must understand that "money", in our "modern society" has to be directed to create value NOT to destroy it.
For the rythm of today's trading day we'll have a good print into the monday's revenues. The MM's, and financing behind, they have already info about those numbers. If they're above expectations we can imply that we'll cross the 0'20$ today. A daytraders, and peps aprehensive to go through earnings...., bit of selloff @ the end of thay can be expected. But today will print the earnings...
As for the folks that went throught conversions and are sitting in a confortable average it's our chance to really hit the jackpot.... Difficult to loose money if you have a low average... and the chance of reward maybe a once in a life experience...Have fun trading today!.
Greetings from the "freezer". My only message for the day: we got to the 0'20$ doors to smash it tomorrow... with high expectations for the monday's 10K. Karma-police comes to rescue the ones that went through december-february dark times...Credit to them. Good trading,
In general it's not good. In our situation is the only way to go to save a promising company: it frees up some share to pay debt and catch up later with cash positive flow to follow...Or sell a stake to a stable partner, or buy companies with shares... So all the dark clouds we had ... are for now gone... thus the increase in future perception and PPS.
Indeed. management has to dilute cleverly to not loose the control of the company. Room for institutional financing stepping in a taking a stable stake. Yesterday just good news. We have a clear panorama now.
ARCA running for his life... Nice to see it after all the pain from december...
We'll R.I.P with a nice Daikiri in Bahamas soon enough... We'll send a post card.
To whom says that they'll be indiscriminate dilution after the R/S: The fact that the increase A/S + preferred shares didn't go through: to me is a key fact in all the outcome of this situation as management must be savvy about the ratio to R/S and choosing the financial line behind them... not to loose control of the company itself....(and find themselfs on the street) by letting convert too much.... So positive outcome and hey... numbers OUT on monday!!!.
There we go: second try
If we can crack the 0'134 moving average then... big time day...!!!
Credit to you. Able to accept miscalculations.
keep on hitting COHI's ask and she goes...
Try it again at 0'1180 now and doesn't fill
I put an ask order to the COHI position at 0'114 and didn't fill... Instead they left the position and went to 0'1146. Fake ask.
Thanks for the update. They clearly said 4Q on monday? And who was from management there?
Incredible annoying COHI action... Nice run stopped.
to strong... Back to the 0'12$...
Interesting game... with ARCA on the ask... and COHI trying to slow down the beast...
We going for a record volume today... I'll say for about 0'15$ close and waiting for some PR update to blow the 0'2$
Congrats to all. We'll deserved!!! Let's see if it keeps the MOJO...UP this time.
ARCA computer against COHI computer...
Thanks for all the info you provide and for your attitude. I ran out of messages yesterday... GLTYA
Totally disagree. Well, just agreed in the global fact that they have to fix the company... : When you have toxic debt to the eyeballs... seems to be a BIG TIME way to fix the company when protecting your PPS with the few remaining tools you have (communication). For instance imagine if, back to december-january: how many share we would been able to spare converting at 0'20$ instead of 0'04$??!!. To you is the same??!! If management doesn't pay attention to that every round of convertibles they'll max the A/S... and start "the game" again. When keeping the market forces not properly updated you feed the shorting and daytrading... It disapoints me BIG TIME ,for a crack management we have, that they don't figure out that hinting the right info, and keeping the PPS, they do a BIG job fixing the company globally. Credibility is important in bussines !!. In fact to me, and to say the truth, it shows such an amount of ineptitude that I'm more for the fact that they worked with the MM's in a kind of financing engineering deal...certainly not for the shareholder's sake...!
That's correct. Though they might apply to report it late (they changed the accounting company).
Difficult to say... but getting as much shares as possible: it did came out full time through the dramatic drop after the 8k... Coincidence? I don't think so....Never ,through all the conversions from december-february had been that active...! Maybe accumulating before some news that could propel the PPS (based on insider info) or covering for another MM... (based on insider info) Anyone guesses...
I'm happy that we get some "normal life" retail investors on that meeting!!! We'll be well represented!! I share your global assessment. Retail doesn't fit in current management equation.
Thanks TES. Any news about the period between R/S to be approved and applied? And if it has to be a prior notification to SEC about that?
Blame management to let the PPS tank so hard last week.... I do believe they allow it in purpose. I don't think those guys that naive to don't know the extend of dammage that could inflict 4 weeks without news + an a 8k a week before a R/S to be approved... I would say some financing engienering leading to some MM bringing it big time down, out of fear... Get the retail out of positions and wait for tomorrow's news to capitalize the upward trend. IMO.
Would be nice if a power outage stops the COHI computer... for a couple of days...
COHI: milions and milions of shares to unload...
Probably working in a room in Willis house... as COHI
If COHI wants to slow us down..... they have plenty of dry powder left... Milions of bullets... If that Fluff PR just had come last week...
MM LAMP on the ask... Any info about them. Seems new to me...
After last week bloodbath now COHI has plenty of shares waiting to capitalize on the way up. That's what happens when management lacks vision or it's working togheter with MM's.
Greed is a powerful engine... Imagine some substantial news tomorrow during the meeting...? The fluff PR today hints that: tomorrow it will be some light into the roadmap ahead... Just to point out that I would appreciate if those folks running the company had PR'd 4 days ago... To me they are with the MM, and the guys backing it, in a kind of deal... that drove to the last week bloodbath (probably guys trying to squeeze retail out of their positions to running it up later...). Last part of the day will tell us about what's UP for tomorrow's session. I expect big GREEN day.IMO
No words. Thanks from the whole board!!!
slowly going green. To me we'll finish the day strong. Nobody wants to be out expecting some good update tomorrow during the meeting... Does any Ihubber will be there to update the board?
Uauhhhhh ... "IN God we trust"!!!: management said something....!!! and it seems that tomorrow they will further update about their whereabout's...I see a moving day ahead...