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Excerpt from your post:
But I've never been in one that did what they said they were gonna do.
That's awesome! Because "RVUE" hasn't told us what they're going to do. Only said they "went dark" to save money so the opposite will be to make money!
Remember how well "opposite" worked out for George Costanza?
Phew, thank goodness the guy who ran the company into the ground is still calling the shots!
I think someone recently posted that with a chapter 7, you can claim a "total loss" on your tax return so I did some research. It was implied you wouldn't be limited to $3,000.
"Yes", you can claim a total loss, as in "every dollar you invested" is deemed a loss. However, you are still limited to $3,000 per year. And, you need to file a special form along with "proof" there is no way to recover. Stuff I read said this often can trigger an audit. I'm not an expert, but sounds to me like you'd be better off selling for a $1.98 & claim the loss the old fashioned way...
I think it's my fault we're stuck in this tight range. I recently watched the swing between 1.15 ish to about 1.50 for at least a week & thought, gee, I already hold over 100k shares so I should do that "trade thing".
So at least a week ago, I entered a couple OTA trades. Buy 4,000 shares, & if triggered, enter a sell order for 3,500 shares at 1.49. Needless to say, nutton happened. Sorry...
I was wondering the same thing? I've sold about half my position & the rest is almost worthless now.
Quote:
Since I sold do I even have a right to any such lawsuit?
FYI, I held/hold shares in 5 accounts. Only 1 is a regular account, the others are IRA's. (So I don't even get the big write off!)
I've sold almost half my shares this week for an average of .008 (paid avg .76!) Anyway, I just attempted to enter a sell of 20k shares and TDA said "no". Error msg. "This security is currently unavailable. Contact us for details".
Maybe tomorrow will be different?
Don't get me started... I do think you should copy & paste exactly what you said here and send it to the Dr & the IR guy!
I know this sounds stupid & not that I mind "drifting higher for a few months", I don't expect it & I'd rather not!
If we continue to climb on pure speculation (or manipulation?), then we can just as easily drop. That's great for the traders, but I'm looking for the "no-brainer, overnight boom". I don't want to "think", gee, we're at .05 or .10 cents on "air" so should I take some profit?
I want to go to bed one night at .04 cents & wake up to a slew of PR's about a trading halt due to an RM or whatever along with a P.P. at dollars and BAM.
Isn't that feasible & what anyone is thinking how this could play out?
From the pictures of her, I'm not so sure? Plus, she's a fitness expert.
Quote:
Jillian Michaels is huge.
I went to the site & clicked on their "blog" for the latest "company news". I pasted one of the "most recent" entries below:
Across the newswires yesterday, 15 th January, 2014, it was formally announced that the US public company, Victory Electronic Cigarettes Corporation (OTC:ECIG) had completed the acquisition of VAPESTICK®.
Awesome...
You've mentioned that other stock a couple times now. You also indicated you are somewhat new to investing. I hope it works out for you.
Respectively, I don't think a "dividend investment" is a good comparison to something that people thought had great growth potential. I previously owned 2 "wonderful" dividend payers. A couple times I thought "why not put all my money in these 10-15% divided payers?"
One was an MLP that consistently traded within pennies of $8 & payed a sweet monthly dividend. One day they cut the dividend from about 15% to 3%. The pps dropped to about $3 and then they did a 1 for 5 RS. All the money I accumulated went poof with no chance to recover at a few dollars earned per month.
The other was a mortgage backed stock that made a drastic cut to the div & the pps dropped from $32 ish to the high teens. Would take decades to recover the principal.
How confident are you that the div will be sustainable that you are comfortable recommending it? Also, since it's TSX, TD Ameritrade in the US doesn't even list it. Have you considered the liquidity?
Also, for those of us in the USA, a "foreign tax" is automatically withheld from the div. If you hold it in a "regular account" you can get the tax refunded after waiting up to a year on your 1040 tax return, but if it's in an IRA account, you can't claim it, the tax money is gone.
Finally, suppose I found $25k & bought it. Assuming I don't reinvest the div (just to simplify), it would take me about 26 years to recover what I'll lose with ECIG. Of course that is also assuming the div is sustained.
Just something to think about. Like I said, I wish you well...
Unfortunately, unfortunately (double unfortunate on purpose) I hold(held) most shares in IRA accounts so I don't even have a write-off!
Sorry for "our" loss Doc. Maybe you can mail us a Xanax script to get thru the month?
LOL!
Quote:
ECIG bullish 0.0115
Another fact:
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 16, 2017
Electronic Cigarettes International Group, Ltd.
(Exact name of registrant as specified in its charter)
Nevada 000-52745 98-0534859
(State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.)
1707 Cole Boulevard, Suite 350, Golden, Colorado 80401
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (720) 575-4222
n/a
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
? Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
? Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
? Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
? Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.03. Bankruptcy or Receivership.
After considering all strategic alternatives, Electronic Cigarettes International Group, Ltd. (the “Company”) filed a voluntary petition for relief under the provisions of Chapter 7 of Title 11 of the United States Code, 11 U.S.C. §§ 101 et seq. (the “Code”) in the United States Bankruptcy Court for the District of Nevada (the “Bankruptcy Court”) on March 16, 2017. As a result of this filing, a Chapter 7 trustee will be appointed by the Bankruptcy Court (the “Chapter 7 Trustee”) and will assume control of the Company. The assets of the Company will be liquidated and claims paid in accordance with the Code.
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangement of Certain Officers.
In connection with the bankruptcy filing, the Chapter 7 Trustee will assume control over the assets and liabilities of the Company. Accordingly, on March 16, 2017, Daniel J. O’Neill, James P. Geiskopf, Craig Colmar, and David Karp resigned from their positions as directors of the Company.
Cautionary Statement Regarding Forward-Looking Statements
The statements contained in this Current Report on Form 8-K that are not historical facts are forward-looking statements (within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended) that involve risks and uncertainties. Such forward-looking statements may be identified by, among other things, the use of forward-looking terminology such as “believe,” “expect,” “may,” “could,” “would,” “plan,” “intend,” “estimate,” “predict,” “potential,” “continue,” “should” or “anticipate” or the negative thereof or other variations thereon or comparable terminology, or by discussions of strategy that involve risks and uncertainties. Such statements involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of the Company and its subsidiaries could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including any statements of the plans, strategies and objectives of the Company for future operations, other statements of expectation or belief, and any statements or assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include the possibility that expected benefits may not materialize as expected. The Company assumes no obligation and does not intend to update these forward-looking statements.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: March 16, 2017 ELECTRONIC CIGARETTES INTERNATIONAL GROUP, LTD.
By: /s/ William Seamans
Name: William Seamans
Title: Chief Financial Officer
Electronic Cigarettes (USOTC:ECIG)
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BROKEN ARROW!
Beyond "signing up", were you ever able to actually play with the product? Any print screens, etc?
IMO, if you are relying on squuak in any way, it would probably be worth your time to see if they were actually ever able to do anything with the product, beyond "signing up" for it.
Hey, I "only" need a pps of .15 cents to break even. Don't be such a kill-joy, at least I'll always have that bogus email...
Squuak very likely does NOT exist. I bought shares in June 2016 & followed the "progress". From that point until the "new company direction", they only issued 1 or 2 lame PR's that never had "real information". One or 2 sentences including grammar errors!
They allegedly had an open & closed beta. Aside from NEVER speaking about how they went, see if you can find ONE PERSON on the PLANET who was able to sign up for either!
Thankfully Loflin came along with whatever this crap is & I was able to bail with small profit. I still hold a few shares in case anything actually happens going forward.
TDA sent me a "portfolio alert" email this morning at 10:14AM. Said my account was up $238,420.92 due to BETS at .09 cents, 3,000,000 shares. They were using my pre-split share count & a bogus PPS. Cool, right?
Like you've pointed out, we knew an AS increase was coming due to shares already committed for past Roche funding.
Also noted the PP stuff & find the potential private placement possibilities particularly perplexing. (notice I strung a bunch of big P words together to make myself look smarterer)
I do think we will hear more than "this" before month end...
Thanks for the kind words (Thoth too). While we hope they all go the college route, the thing with UGMA accounts is when they reach whatever the age is for their State, the money is theirs to use for "whatever" with no penalty. They get to pay the taxes too at "their rate" when they cash in, not us!
Now GIGL just needs to do it's part!
GLTY
Warning: This post has the potential to be long winded and boring or inspirational?
A few years ago I created UGMA accounts (universal gift to minors) for our 3 (now 4) granddaughters. I got the idea from an article about teaching kids about our capital system, owning public companies, and building wealth. The article suggested buying stock in companies kids could associate with that also provided direct investment, DRIP, etc.
They can’t touch the money until age 18 for those in VA & 21 for SC which is awesome. Neither can their parents.
We bought stock in McDonald’s and I made a document explaining the system to them. Big fun explaining that to 4 to 10 year olds! I made a point of telling them that each time they walked into a McD's they should be proud to know they were part-owners and if they had any issues they should explain they owned the place! We’re not rich so it's a small amount & we continue to buy a small amount twice per year for each kid.
Last week I created 4 new accounts with TDA and transferred 1,500 shares of GIGL to each. (Peanuts, I know) I can’t explain how thrilled I would be if GIGL executes their plan and expands to their areas! Not to mention the dream of a “Chipotle” type of thing. I know it's a long shot, but I get giddy thinking about what could be 10 to 20 years from now and what they will say about their brilliant granddaddy and where their wealth came from.
Just thought it might be a cool idea for them to remember us after me & the wife are long gone...
Was thinking the same thing! If they do, I can't imagine that Dan would have a CC.
CVA:
A company voluntary arrangement also known as a CVA is a formal process enabling a compromise to be entered into between a company and its creditors.
Sounds like Dick already decided to dick us...
I honestly don't know! One thing going thru my mind however are all the past posts about how Strong will find a way to "Dick" common shareholders. I'm wondering if he will "prevail" somehow & leave us behind?
The other day people were saying if/why they are still holding. I'm one of the knuckleheads who's down so much I figure I'll hold for a miracle or a big tax write-off. The only "smart" thing I've done is stopped averaging down a year ago at .34 cents!
For me, the difference between a pps of .10 & .03 cents is about $5 grand. I'm thinking about how thrilled I'd be if I found $5 grand on the sidewalk!
A couple weeks ago I was being a smart-ass & posted that the reason Dan doesn't PR is because he's a nice guy & doesn't want people investing in something he knows is a lost cause.
Maybe I was on to something?
What do you mean by "you people"?
Do you PEOPLE REALLY think that the Market price is going to retreat to below...
It was tough enough that I had to be a scientist, biologist, physician, marijuana expert, legislator, & chart technician "specializing in gap analysis", but now I need to be a patent attorney to know what I own!
Oy vey...
That would mean it is 20% effective.
What if efficacy is 20% ?
Shares were available 6 weeks ago at .005 when the "amazing float" (as everyone mentions) was the same as it is today. I would say your "worst case scenario" could be much worse.
Worse case scenario MKAU still undervalue as empty shell...51 mil float at .02 ?
Next time make sure your phone is charged, knucklehead. Just kidding! Thanks for your efforts!
I'm drinking in a dark room instead because I'm always happier when my account goes up $65k in one day instead of down...
Thank you!
This is not a knock on any attendees & I appreciate the efforts! I do think we all hear what we want to sometimes.
With that, I am curious if you "heard" the comments about our comparison to gwp? Like "going for them" or "being bigger". Maybe we can find a common thread between attendees?
I don't have a "problem" with it either. Maybe my point is I believe many people see Q2 and instantly equate that to "sales start April 1st!".
Based on the nervousness I'm reading that we're "only" at 2.60 ish, some people will be jumping off of bridges. I will remain grounded...
I'm still shocked not a single post regarding the "additional comment" as to the launch timing, including zero replies to my post yesterday?
Yesterday's PR said "...during the second quarter, or soon there after..."
I'm NOT worried, but why add that unless they thought they might need a bit of a cushion & we could be looking at July-ish, instead of April-ish?
Rumor has it he is on his way out. We shall see
Well, in the decade he was born, less than 10% of US households "owned a refrigerator". One way or another, he's on his way out...
Did you scroll down to the rest of what I said?
I nailed it.
I guarantee we close at 4 tomorrow. Mark it.
I marked it. Maybe don't guarantee such an unknown.