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I'm going to wait for five cents to buy back in. I think they're going to dilute this all the way back down
Hopefully by then the o/s is maxed out
The guy who going to dump it as soon as he turns a profit . The bottom might be .45 like a few people said on this board
It should be criminal what they're doing here
I'm in the same boat as you don't feel bad
Sorry I couldn't help myself.
Change your name to dumass69
When I brought it back up to him after the price collapsed post R/s . He said "the 10k is due on the 31st
I just emailed Dan
I was told that this will be "big news". I don't know what big new means to Carlos over at ecig but hopefully his definition of big news is the same as mine.
Between now and 11:59 pm
I'd rather loose everything i invested here than to sell for less then this stock is worth . Patience is a virtue.
What kept me in was conversations with members of the bod and people that work directly with them .
I know that the pps will correct to where it should be . It's just going to happen slower than I expected .
Not only crying but also kicking myself in the a** daily
Cuin2 that's why I've been holding since December
The way this is trading right before the 10k is due gives me hope. I think the 10k will exceeded everyone's expectations.
10k is due tomorrow . That's the problem.
Anyone that held through the reverse split has suffered such huge losses that to sell before the 10K doesn't make sense.
Most people would've dumped their shares as soon as they were available after sustaining such huge losses ,but with the 10k due you feel stuck
Great post ! I was thinking the same thing. Well put!
Buckeye he works directly with the bod.
If we lose more money on Monday I'll post a cell phone number so that everyone can call and ask him why.
123414 I don't know.
Buckeye why only one?
My heart goes out to you.
The way I see it is. I invested here because of the company and their future . Yes this is a down turn but this company and its products are real. The market cap is a joke! If the 10k is what we hope it is then we should see a jump.
At that point I'm getting out and waiting for conversions to be done.
I'm not regretting investing here either.
I am however regretting not flipping the stock and holding through RS
I'm tempted to post his cell number, (so that you guys can call him for answers )because of all the money I've lost.
That's good to know. I'll ask him next time was talk
This was a text message conversation I had with Carlos , he works directly with the bod.
What happened to " we're not going to do a reverse split without first announcing big news" ??
The news will be out when the 10-K gets filed latest by 3/31..
My shares weren't released till Friday afternoon and by that point we are 40% down
One can only hope.
I don't know. All I know is that this was an expensive lesson to learn, but trust me I learned it. I will never hold through a R/s again.
Hopefully we can get a bounce after the 10k is released so that I can sell and buy back in when this new round of conversions/ dilution is done.
This was my reply and I haven't heard back.
I bought this stock because I believe in you, your company, and your product . I held for months with a lot of ups and downs. What's frustrating to me is the people who dumped this stock before the R/s are being rewarded with cheaper shares and those of us the trusted and held are getting bent over.
Sent from my iPhone
This is an email conversation I had with Dan ONeil.
I guess the people that believed in you guys were wrong . It's a $20k loss for me so far. I'm trapped and so are many other investors that voted for the R/S expecting you guys to give a sh*t about us.
Sent from my iPhone
On Mar 27, 2015, at 10:05 AM, Dan O'Neill <Dan.ONeill@ecigcorporate.com> wrote:
We care a lot about this and is the reason we are working 18 hours a day since jan to fix all the stuff and get us settled so we can profitably grow this business. Why do you think we are here. I invested money in this thing. I do not freak out every second day. I freak out every day. Did you buy the stock to keep it for a week or to see value grow.
I plan on fixing this but if you look at my record I fix these messes. Some day watch a ship trying to turn around in theOcean
Brutal !!!
Scotttrade said the delivery date for ECIGD shares is today and they will be available to trade on Monday
Scotttrade anticipated release date of ECIGD shares is this afternoon
A Reverse Split Isn't the End of the World
By Rick Aristotle Munarriz | More Articles
March 22, 2011 | Comments (16)
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Citigroup's (NYSE: C ) shares are heading for a tenfold pop, but shareholders won't be laughing all the way to the megabank.
Citi announced a 1-for-10 reverse stock split yesterday.
It's a zero-sum game. Let's say the stock closes at $4.43 -- yesterday's closing price -- on May 6. Every10 shares owned will be replaced by a single share at $44.30 a share.
There's no free lunch, but that's not stopping worrywarts from feasting on Citi. The stock closed nearly 2% lower on the news, bucking yesterday's general market ascent.
Why the hullaballoo over a simple bookkeeping procedure? We can blame the psychological implications. When high-flying stocks declare traditional forward stock splits, investors interpret the feats as declarations of optimism. A confident company can slash its price by a third -- and give every shareholder three times as many shares -- because it feels that its stock will continue to rise. If that thesis holds up, shouldn't the theory that reverse splits are declarations of pessimism also hold water?
Not really.
A reverse by any other name
Citi isn't desperate. Its share price is low -- at $4 and change -- but not low enough to risk exchange delisting.
Shareholders voted in favor of giving Citi's board the right to declare a split last summer, though. That hall pass expires at the end of June. Citi can ask shareholders to approve another annual extension, but what's the point?
If Citi's stock were a slam-dunk to be trading in the double digits over the next year or so, we wouldn't be talking about a reverse split. It's a new world now. These are post-TARP times, and the "too big to fail" Citigroup in particular has shown a desire to move away from the kind of speculative risks that initially padded profits before taking the financial services industry down. In other words, Citi's organic push out of the single digits may take awhile. It hasn't seen double digits since November 2008.
Who cares? When you're a consumer-facing company -- and Citibank clearly is -- appearances do matter. Potential clients open accounts at financial institutions that they feel have fiscal strength. How many people have pulled up a single-digit stock quote on Citi, and mistook it for panic when it's really a matter of a banking giant with too many shares outstanding?
Citi shares can thrive after its May reverse-split, but only if Citi makes it happen.
Shifting gears
There's more roadkill than roadrunners among the companies that have opted for reverse facelifts. Many of the analysts, financial journalists, and investors who are shaking their heads at Citi's move are quick to rattle off the growing list of the walking dead that have gone this route.
I get it. Most companies that initiate reverse splits are desperate. They face delisting. They're fading companies. They're forgotten shadow stocks.
It's a different story when a successful company -- or at least one that has truly bottomed out and is turning itself around -- takes this path.
I got slammed after suggesting that Sirius XM Radio (Nasdaq: SIRI ) engage in a reverse split last year. The satellite radio giant doesn't need to do it anymore. It's not imperative in my book. However, I do believe that the stock -- closing at $1.72 a share yesterday -- would have had no problem trading any less than $17.20 if it had executed a 1-for-10 reverse. The fundamentals have improved, unlike the many reverse flops that continue to be the falling steak knives they were when they split.
If a company is already turning its fortunes around, a reverse split isn't going to force fundamentals to crater.
Let me close by taking a look at five reverses that have paid off.
priceline.com (Nasdaq: PCLN ) : This is the undisputed darling among domestic travel portals, but you wouldn't have thought that during the dot-com bubble. priceline went through a 1-for-6 reverse split eight years ago, but it was ultimately rewarded as a survivor that consistently trounces Wall Street's profit targets.
Geeknet (Nasdaq: GKNT ) : Tech nerds dig Geeknet's collection of websites that include Slashdot, SourceForge, and Geek.com. When ThinkGeek introduced canned unicorn meat as a prank novelty, GeekNet's community howled with laughter. However, the dot-com duckling was ignored with its penny stock price. It executed a 1-for-10 reverse with its stock at $2.29 pre-split. It's trading only marginally higher now, but it's just one more example of life after reverses. It only helps that Geeknet is coming off a monster quarter with revenue soaring 53% and operating profits more than tripling.
XOMA (Nasdaq: XOMA ) : Reverse splits for biotechs are often the end of the line. They usually play out as speculative surrenders. Thankfully for XOMA, it hasn't been so bad since this past summer's 1-for-15 reverse. A year of largely positive developments for its XOMA 052 drug candidate have seen the stock go from $4.20 immediately after executing the split to $4.74 today. It's not priceline-esque, but it's another company that lived to tell the reverse tale.
Coeur d'Alene Mines (NYSE: CDE ) : The silver mining specialist executed a 1-for-10 reverse split when its stock was at $1.40 nearly two years ago. The split-adjusted shares have gone on to more than double. The miner is coming off a blowout quarter, and last month raised its 2011 production targets.
Biglari Holdings (NYSE: BH ) : The Steak 'n Shake makeover wasn't complete until CEO Sardar Biglari renamed his company after himself and went for a 1-for-20 reverse. Biglari didn't need the reverse split given the resulting triple-digit share price, but now another reverse split may be in the works.
So cut Citi a break. If you're going to sell -- or hate on -- Citi, do it for the right reasons. A reverse is only as good or bad as the company declaring the split.
I own my 100k shares at .065. I'm over 100% profit. Did you look at the chart? It was at .04 a month ago. If you just got in and got burned I understand. But I am sitting on a nice profit that I watched jump 10% the day they announced the R/s .
So my question to you is why didn't it tank?? If the r/s is so bad in this particular case , why wasn't there massive dumping?
If that's the case, then why didn't the price tank today?
I feel the same way. It seams like every time it spikes and then drops hard, but this is the one stock I'm nervous about selling when it pops. So I just continue to ride it out when time and time again I should have pulled profits and increased my position.
Pk do you Plan on holding before/after the RS?
Look at the chart 3 weeks ago!! If you're smart you get in now before it's to late!!!!