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I do not know....it is all suspect! My thought is they will re-surface with VIP....the cash cow!!
Just look back at all of the new products, partnership collaborations etc for VIP company and the others got nothing. Last time they sent out a Tweet for Fin was Nov 28th 2016. Vapestick is selling items over the last month or so for 80% off.
Crazy to think...but I am assuming that the way they had VIP set up as a Limited Company located in the UK....it will be a legal split and look legitimate. VIP should be included in the sale!!
BS
You got it.....submitting a complaint to the SEC as we speak.
Electronic Cigarettes International Group, Ltd. (QB) Description
We are an independent marketer and distributor of vaping products and electronic cigarettes. Our objective is to become a leader in the rapidly growing, global electronic cigarette and vaping ("e-cigarette") segment of the broader nicotine related products industry including traditional tobacco. E-cigarettes are battery-powered products that simulate tobacco smoking through inhalation of nicotine vapor without the fire, flame, tobacco, tar, carbon monoxide, ash, stub, smell and other chemicals found in traditional combustible cigarettes. According to Euromonitor International, the global tobacco industry represents a $783 billion market worldwide including an estimated 1.3 billion smokers globally. The global e-cigarette market is expected to grow to $51 billion, or a 4% share of the worldwide tobacco market, by 2030. The growth is forecast to come at the expense of traditional tobacco, not from new smokers entering the category. Numerous research studies and publications have recognized that e-cigarettes are the preferred method for smokers to quit, and the most effective. We accommodate the various product preferences of e-cigarette users by offering a comprehensive set of products, including disposables, rechargeables, tanks, starter kits, e-liquids, open and closed-end vaping systems and accessories. Our products consist of durable components and nicotine liquids that undergo rigorous quality testing during production. We market our products through what we believe is one of the most extensive brand portfolios in the e-cigarette industry. Our global brand portfolio includes the FIN , VIP , VAPESTICK and VICTORY brands. We believe that this combination of product breadth and quality, combined with our effective brand strategy, resonates strongly with adult consumers who associate our products with ease of use, quality, reliability and great taste
Another suspect Response:
From: admin@vipcig.com
To:
Sent: Friday, March 17, 2017 8:13:35 AM
Subject: RE: VIP PRODUCTS [CSE: hetQCv, TKT: PFvgWP]
Hi
?
I would advise to speak with ECIG directly rather than us as we are not in a position to comment on the situation with ECIG only the business matters here at Must Have Ltd/VIP.
?
VIP Electronic Cigarette | Electronic Cigarette International Group
Address: VIP, Must Have Ltd, Unit 3-8, Bury South Business Park, Riverview Close, Dumers Lane, Radcliffe, Manchester, M26 2AD.
Phone: 0844 822 9989
Web: www.vipelectroniccigarette.co.uk
VIP is a registered trademark of Must Have Ltd.
Any views expressed in this message are those of the individual sender, except where the sender specifically states them to be the views of VIP Electronic Cigarette. The information contained in this e-mail is intended only for the individual or entity to whom it is addressed. It may contain privileged or confidential information and if you are not an intended recipient you must not copy or distribute the information or use it or take any action in reliance on it. If you receive this e-mail in error, please notify us immediately by email. Please also destroy and delete the message from your computer. Attachments are opened at your own risk and you are advised to scan incoming email for viruses before opening any attached files. We give no guarantee that any communication is virus-free and accept no responsibility for virus contamination or other system loss or damage of any kind.
Consumer alternative dispute resolution: https://webgate.ec.europa.eu/odr/
From: <olsen_michael@comcast.net>
Date: Friday, 17 March 2017 14:54:31
To: <admin@vipcig.com>
Subject: VIP PRODUCTS [CSE: hetQCv, TKT: PFvgWP]
How are you operating normally when your parent company ECIG just filed for Bankruptcy and left all of the Shareholders peniless?!!!
Michael
?
VIP is having a St Patrick's day sale....are you serious!
https://www.vipelectroniccigarette.co.uk/
Response from Dan:
From: "Dan O'Neill" <Dan.ONeill@ecigcorporate.com>
To:
Sent: Friday, March 17, 2017 6:39:57 AM
Subject: Re: INVESTING IN ECIG
I am not able to talk about it unfortunately
From:
Date: Thursday, March 16, 2017 at 6:22 PM
To: olsen michael <olsen_michael@comcast.net>, Dan O'Neill <Dan.ONeill@ecigcorporate.com>
Subject: Re: INVESTING IN ECIG
Hi Dan… What happened? I am at a loss can you explain a bit about the bankruptcy filing today? Thank you… MICHAEL
Sent from XFINITY Connect Mobile App
------ Original Message ------
From: AAA Mikal
To: Dan O'Neill
Sent: March 13, 2017 at 10:30 PM
Subject: INVESTING IN ECIG
Hi Dan,
Who can I talk to about the current events regarding MHL and the default on the $3 mil in taxes. As detailed as you have been with 6 pillars and all the efforts to straighten out the mess you inherited it does not make since that you worked so hard to restructure the debt and the taxes owed went unnoticed by you and your team. I have invested alot of money in ECIG with the belief that you have the companies best interest at hand! I understand the risks associated with the OTC but this news comes as a complete surprise given the previous CC's and efforts you and your team has made.
VIP is the major component of this ECIG so I cannot believe it is intentional to let the company slip away as a major revenue generator. I appreciate your time!
Thank you,
Michael
Appointment of Administrator:
https://beta.companieshouse.gov.uk/company/05101019/filing-history
My plan is to allow my shares to become worthless....then next year I can take the entire Loss and not just $3000 over multiple years! THx
Ok....Keep is posted!! THX
Chapter 7 for ECIG and then they Slither away with VIP in the U.K.!?
Then...Dan and the other Management Surface at VIP!! It would make sense that they focused all of their energies on VIP....The cash cow and allowed the the others to fail....VAPESTICK had had 80% of products for at least the last 2-3 months and the Fin website was just a dud (No Activity) if you will!!
So......did they default on the taxes to protect VIP before ECIG filed for Bankruptcy...Then VIP comes out the other end unscathed and sheds all of the other Brands & share holders??
Response I received last night:
Good Morning,
?
Thank you for your email.
?
I can confirm that on 7th March 2017, Administrators of the Company were appointed. Whilst VIP is profitable and cash generative, cash flow pressures on the wider group of companies of which it is part, have resulted in the UK company needing to seek the protection of an Administration.
VIP will continue to trade the business as normal and continue to provide premium vaping equipment and e-liquids. ?
We thank you for your continued custom and support.
?
Kind Regards
?
Aaron
?
VIP Electronic Cigarette | Electronic Cigarette International
Right back attcha! Still believe in this segment! Just no stocks outside of BigT to invest in!
The only positive I see is that we can claim total loss on our taxes due to the Chapter 7 Banko!
A Special Case: Bankrupt Companies
If you own stock that has become worthless because the company went bankrupt and was liquidated, then you can take a total capital loss on the stock. However, the IRS wants to know on what basis the value of the stock was determined as zero or worthless. Therefore, you should keep some kind of documentation of the zero value of the stock, as well as documentation of when it became worthless. Basically, any documentation that shows the impossibility of the stock offering any positive return is sufficient. Acceptable documentation shows nonexistence of the company, canceled stock certificates or evidence the stock is no longer traded anywhere. Some companies that go bankrupt allow you to sell them back their stock for a penny. This proves you have no further equity interest in the company and documents what is essentially a total loss.
Read more: Here's How to Deduct Your Stock Losses From Your Tax Bill | Investopedia http://www.investopedia.com/articles/personal-finance/100515/heres-how-deduct-your-stock-losses-your-tax-bill.asp#ixzz4bXkGfTcK
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Does this still trade tomorrow?
Wasn't the review supposed to be March 20th? How is this $3 million tax debt bankrupting the company?
Can you think of a reason why that filing would not be available? THX
THX.....is there an actual filing in this website showing that MHL is under administration? Sorry if I am missing it completely!!
Does anyone have the direct link to the companies house outlining the MHL administration information.
THX
'There is NO difference between vaping and smoking' - the small print that could invalidate all your insurance
http://www.mirror.co.uk/money/there-no-difference-between-vaping-10026369
Response I received regarding ECIG ownership of VIP Ireland:
HI ,
Hi Michael,
You are just through to customer services here if you need a statement please contact head office in the UK .
Thanks
Please do not reply directly to this email, we will not receive it.
In order to reply, please use the following link: http://www.vipelectroniccigarette.ie/contact-us?id_customer_thread=1168&token=SDkooibX23nG
Evidence Piles Up Showing Vaping Is Not Sparking More Youth Smoking
Read more: http://dailycaller.com/2017/03/13/evidence-piles-up-showing-vaping-is-not-sparking-more-youth-smoking/#ixzz4bOzg4scT
Electronic Cigarettes International Group Ltd (ECIG) Needle Moving -5.98%
https://buckeyebusinessreview.com/2017/03/14/electronic-cigarettes-international-group-ltd-ecig-needle-moving-5-98/
No that I can remember.....but it may be set up this way so that they are protected if one entity get's sued??
Absolutely...I guess I just assumed that they are owned since it is VIP?
Interesting not that Goldentaste got a response that said buyout and my response says re-structure.
Not sure if any of it means ANYTHING!!
$#@* I would hope so.....but I will ask!!
I received a simila reply form VIP Ireland:
From: "Helpdesk & Support" <helpdesk@vipelectroniccigarette.ie>
To:
Sent: Tuesday, March 14, 2017 11:49:14 AM
Subject: [VIP Electronic Cigarette Ireland] An answer to your message is available #ct1168 #tcSDkooibX23nG
VIP Electronic Cigarette Ireland
HI ,
Hi Michael,
Thank you for your mail . The UK company are in the process of a restructure which will improve VIP in the UK going forward .
We are a separate company here in Ireland with business as usual and plenty of great new products and offers on the way !
Hope this answers your question
Thanks again
Please do not reply directly to this email, we will not receive it.
In order to reply, please use the following link: http://www.vipelectroniccigarette.ie/contact-us?id_customer_thread=1168&token=SDkooibX23nG
VIP Electronic Cigarette Ireland powered by PrestaShop™
Anyone with level II.....did trading stop?
I got a failed to deliver when I emailed VIP Ireland: Mail quota exceeded...see below!
This is the mail system at host 185.55.79.139.srvlist.ukfast.net.
I'm sorry to have to inform you that your message could not
be delivered to one or more recipients. It's attached below.
For further assistance, please send mail to postmaster.
If you do so, please include this problem report. You can
delete your own text from the attached returned message.
The mail system
<info@vipelectroniccigarette.ie>: Mail quota exceeded
Wow....nice work on getting a response form someone. I emailed Dan again today with no response yet. Thank you for sharing!
I am still confused as to the nature of this buyout...If VIP is sold then you would think that all location products etc...etc...etc go with it.
Maybe the Private limited Company label keeps them separate??
Just not adding up......I still feel good things ahead!!
Will this Administration effect VIP Ireland (57 locations) Spain (3 locations)?
http://www.vipelectroniccigarette.ie/storefinder
https://www.vipelectroniccigarette.co.uk/vape-e-cigarette-ecig-stores-shops
VIP Website...New Liquids.....New Vaping kit collections....Vapestick Products..What gives:
https://www.vipelectroniccigarette.co.uk/new-products
Not found anything new....Sorry I do not have PM. THX
I think we all just want it to be that amazing story everyone else wishes they had been apart of. Great party story while were on our Yacht in the south pacific.
At some point the tides will turn and this segment is going to explode and ECIG(We) just needs to be intact when it does.
IMHO
Or current investors are averaging down and other first timers feel like jumping in at these levels? I can literally double my position for 10% of my initial investment...Crazy! The fortunate side is that this is a real company that produces some decent annual Revs but not sure where these low penny levels take us. Not over yet!!
Was supposed to be the link to the ihub trades...more bought today than sold.
1.8mil Buy
1.3mil Sell