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You could be right, it's as good an explanation as any. Maybe we can both agree that by EOY we'll see a great ROI for investors. JMO
Almost a month without volume, starting to admit soomething aint right, should be more than enough time after the chinese new year to issue the VATS cert. If the CFO was let go due to a cock up with the registration application it may be another 60 days before we hear anything In any event it's a bummer not knowing. JMO
OTC site has it as an 8k for the R/S execution
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10584732
EDIT: Obviously can't multi task looking after kids and give full attention to here cuz 2nd time missing attention to detail. Apologies yet again
Yep that's how I see it. JMO
"Day of the split there could be traditional shorting going on, also the MM's can start Naked Shorting once again ...all IMHO.."
Thanks. I understand the reason for the 'drop off the cliff', I thougt we were discussing post R/S shorting/dilution manipulation? Sorry if I've grabbed the wrong end of the stick. JMO
I also think 'normal' shorting is going on because if you can buy this through your broker why can't you short it as well, I don't see how they can differentiate between the two? JMO
I thought the reason for the R/S was to 'release' shares to help pay obligations to note holders, because even though the debt was restructured it was still convertible debt (even if not toxic) just with better terms, is that wrong? I therefore assumed that shares would be hitting the tape immediately after the R/S. Have I got that wrong? Appreciate your thoughts?
I think naked shorting must be going on because for 24/25 March ECIGD is on Reg SHO list (FINRA) JMO
http://otce.finra.org/RegSHO
At least we agree on something!
No worries, I figured it was a typo GLTUA @ ECIG
Can you show where you think we have the potential to have a 600m O/S cuz I just don't see it'll be anywhere near that? MTIA
"and here we are sitting with a maximum of 600 million o/s possible at least currently."
Fair enough, we'll talk again in 6 weeks after the Q1 is delivered, GLTY.
I agree 100%, GLTUA @ ECIG(D).
Double bottom, needs to hold here or........
Sorry getting carried away the date is Jan 2014, APOLOGIES!
Just found this but the news isn't on OTC site under ECIG(D) NOT SURE WHY.
"Victory Electronic Cigarettes' VAPESTICK® Brand Launches in Russia
- Victory launches in Russia with recently-acquired VAPESTICK® brand
- Russia is world's second largest e-cigarette market with an estimated 45 million smokers
- VAPESTICK® is one of the first international brands to launch in Russia
- Starting with pharmacies and supermarkets
SPRING LAKE, MICHIGAN--(Marketwired - Jan. 30, 2014) - Victory Electronic Cigarettes Corporation (OTCQB:ECIG), the emerging leader in the global electronic cigarette industry, today announced that its newly acquired VAPESTICK® brand has now begun the roll-out of its premium e-cigarette products into Russia, as one of the first international e-cigarette brands to do so.
According to a recent report by Euromonitor International, Russia is the world's second largest e-cigarette market, with Russian tobacco smokers representing around one third of its 143 million population. In 2013 tobacco smoking restrictions were introduced in Russia, with further bans on public use planned for 2014. The Russian e-cigarette market is estimated to be worth at least $2 billion in 2014, with the US, Russia, Germany and UK thought to represent more than 60% of the global e-cigarette market between them.
VAPESTICK® is now supplying its disposable and rechargeable e-cigarettes to pharmacies and supermarkets across Russia, via a Moscow-based nationwide distributor that supplies many of Russia's major pharmacy chains, including Aptechka, 36.6, ABE, Gorzdrav, Pharmazevt, Rossa and Samson-Pharma, and also Russia's high-end supermarkets.
Michael Clapper, President-International at Victory Electronic Cigarettes, and former co-founder at VAPESTICK® noted, "We are delighted to have taken this very significant step in our international development plans. The reaction to the VAPESTICK® brand in Russia has exceeded our highest expectations and to be selected as one of the first international e-cigarette brands to launch into Russia is a testament to the quality, style and performance of the VAPESTICK® product range. We plan to maximize on this first-mover opportunity for an international brand in Russia."
Brent Willis, Chairman and CEO of Victory Electronic Cigarettes and a former senior leader of a number of multi-billion dollar global companies, including Coca-Cola, Kraft and Inbev commented, "Michael and his team have not wasted a moment since our acquisition of VAPESTICK earlier this month and this is a fantastic development for Victory and its shareholders, to gain a significant foothold in such a key strategic market."
About VAPESTICK®
VAPESTICK® is a wholly owned subsidiary of Victory Electronic Cigarettes Corporation, and one of Europe's leading brands of premium e-cigarettes. With its distinctive black and chrome style designs and signature blue light tips, VAPESTICK® has grown to become one of the most recognized brands in the market and sells its products both online at vapestick.co.uk and through thousands of retail outlets across UK and Europe, including Tesco, Costco, Harrods, Argos and WHSmith. VAPESTICK® was recently ranked number one in batch consistency and product delivery among the UK's leading brands in an independent study initiated by the UK's Department of Health. The business is also a founding board member of ECITA (the European Electronic Cigarette Industry Trade Association).
About Victory
Victory Electronic Cigarettes is dedicated to providing a cleaner and healthier alternative to smoking for all, and intends to empower smokers to regain their freedom. Victory is one of the leading companies in this rapidly emerging and fast-growing market. Victory offers consumers a full product portfolio that incorporates the highest quality and latest technology, and has been rated as superior in 'real tobacco taste' amongst major brands. Recently public, Victory's experienced management team is positioned to leverage its differentiated portfolio, distinct go-to-market approach, and low-cost infrastructure to accelerate growth and drive significant value for its shareholders. The Company owns a range of brands for different markets and customers, has applied for patents on breakthrough technology, and operates the website at victoryecigs.com
http://www.marketwired.com/press-release/victory-electronic-cigarettes-vapestickr-brand-launches-in-russia-otcqb-ecig-1874036.htm
Wow massive market, didn't know that. Looks kocher, many thanks for the info. GLTUA @ ECIG
Hey Honeycomb777, keep the faith for another 6 weeks and don't watch every uptick and downtick of every day, it will send you crazy. The volitility was expected with all the shenanigans that have gone on previously, remember we are still in OTC land. I predict a minimum 5 bucks by EOY as debt becomes manageble, revs continue to increase.
In short we could very soon have multiple times the revs QoQ (4/5), a cleared up balance sheet, cash flow positive, increased market share, all with an O/S less than pre IPO failure, where dya think the PPS is going from here? It's UP for me, JMHO. GLTUA @ ECIG
So far market definitely doesn't like it, Majority shareholders are still engaged though so still half full glass IMO.
http://www.monitise.com/investor_relations/major_shareholders
That is a surprise!
Could be good for us going forward
Apple pay being discussed on CNBC very soon saying how easy it is to use with stolen credit card details. Here's a summary of why its faulty:-
Bad news for Apple Pay. Apparently Apple’s already successful mobile payment service, which launched shortly after the iPhone 6 and iPhone 6 Plus hit the market, is a perfect tool for thieves with stolen credit card data looking to spend your money. A report from The Guardian reported on the problem earlier this month, and a security expert is now also sounding off.
Brian Krebs from KrebsonSecurity published a report recently that details how hackers can buy card verification codes (CVVs for short) on the black market and use those with Apple Pay. The CVVs, Krebs explained, typically cost as little as $1 per stolen credit card and, in the past, have limited thieves to making purchases online. Since Apple Pay doesn’t require you to show proof of a credit card, however, the CVVs can be used with Apple’s mobile payment system and a hacked iTunes account, which often sell for about $8 a pop, to make purchases in physical stores using Apple Pay.
I'm thinking that the 10K reinforces 2014 revs projections and therefore gives credence to 2015 guidance but I think the Q1 is the filing that really puts us back on track and shows the balance sheet being cleaned up and increasing revs again from the new distribution channels. JMO & GLTUA @ ECIG
Won't that all be covered in the Q1, I thought the 10K just covered everything up to 12/31/14?
I'm not sure whether the current volitility is convertions, shorting or both but I've bet my well earnes bucks that come Q1 (6 weeks away) I will already have a multi bag ROI. I believe in new management, I believe in the increased global distribution network, I believe they will produce increased revs and most importantly I believe the product could be a paradigm shift in the medical field that could have many benefits going forward, whether that is MMJ or medical device use for bronchial deficiences etc etc. JMO
Off to golf now so enjoy your day and keep your eye on the big prize. GLTUA @ ECIG
Thanks for the info, much appreciated.
Then couldn't we see a filing by EOP thursday then as they have 2 working days to file?
EDIT: OK forget that just seen your discussion with BJ and Sweeps.
Don't post a lot here but love the board so welcome BigBadWolf
ETRD will let you trade this, I bought some today!
Decent support at $1.25 but so far holding trend support line at $1.39. JMO
We're all just laughing in the background waiting for the next 6 weeks to materialise then we'll be laughing all the way to the bank. JMO
It will take a few days for ETRD to update but you can buy ECIGD online as normal.
Yep, got a few sheckels ready jic. GLTUA @ ECIG
50EMA coming up at $1.47 should bounce around that level as it did previously on 03/09 (PPS adjusted) IMO
Can see the bid and ask changing but no volume on ETRD
EDIT: Volume just showing now.
Yes absolutely, I can't see how it won't be a great year. Management would have to completely cock everything up, and with their credibility and experience I just don't see that happening. JMO & GLTUA @ ECIG
IMHO and FWIW, I can't believe any short worth his salt hasn't covered already, they have the same access (or better) to FINRA etc and would've probably known, at the very least, the same time as we did here. I also believe that we will get shares hitting the tape as note holders convert their entitlement which will probably mean a dip in pps, short term, until news is received. Once Q1 hits, all bets will be off and I truly belive we'll never look back because I expect Q1 revs to be nothing short of stellar and to continue throughout the year as increased distribution and increasing top line revs start transfering to the bottom line. JMO & GLTUA @ ECIG
Raymond James upgrades GNW to a buy, good call IMO, it's been bouncing along the bottom since the hard drop in November. JMO
OK forget that, just spoke to the 'Oracle of Ihub' (IMO) and she says that FINRA is updated after every entry so I suppose it can be delivered at any time. (sorry for the misinformation)
OK many thanks.
Morning Renee, do you know if the FINRA daily list updates twice a day, the last update being 1pm? I seem to think I read it somewhere a few years ago, not sure if it was you or not? MTIA