Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
How can Ecig's market cap be under $10m with $40m+ revenues, improving EBITDA and 14% net income targeted for 2017, freed up working capital now due to restructuring with 4 year plus run way for expansion of revenues, lowest exercise price of refinancing at 14 cents, ...the current share price and market cap is absolutely ridiculously low.
It is indeed very strange and wish we could get a clearer picture of what they are trying to achieve here for all us shareholders. Hoping for a positive outcome for us all after this amount of support and time given to management.
No excuses left for Dan this next 2 Qtrs he has the working capital freed up since early July. This was his excuse every Conference Call ''we did not have working capital to execute our expansion plans''. If he says anything like this in the November conference call he should be removed and we get a competent manager whom can grow and and promote the business on the OTC and whom understands IR/PR.
Brought to you buy big tobacco utter garbage ''study''
100 to 1 reverse split then hammered down to nothing and people are excited about it at 0.0001 what a f$@kn joke. Onloy needs to go up another 10 cents to get out money back from these criminals.
Seanboy. Please enlighten us all mere mortals since you seem to imply with your condescending statement you know who is selling and why.
Investor Presentation March 2016 stated key points:
Established Distribution Network
• 175+ Owned and partnered kiosks
• Expanding brand across Europe
• Continued to develop new kiosks from 103 to 175 and global expansion
into three new countries
Mission
• Develop a dual global brand strategy delivering net income moving
from negative in 2014 to 14% in 2017
Page 17
Revenue continues to improve
• Gross Profit continues to improve
• Adjusted EBITDA continues to improve
We are still sitting around market cap of $10m (an all time low) for a company turning $40m+ annual revenues with opportunity to expand at a greater pace now with freed up working capital of $30m+.
There should be a lot to tell to go on roadshows now but we hear only silence from Dan O'Neil
I emailed Dan asking what his plan is to get new investor interest in the stock and I have not received a response yet. I guess I will not get a response.
Who is selling below warrant price of 0.145 when we have refinanced freed up all working capital so results should naturally be better in next Qtrs. The only one who is selling at this market cap has to be Richard Strong/Calm Waters as for his motivation Dan can only answer this and Dan is playing a very dangerous game not starting to get the price up.
Another day of Calm Waters selling to Calm Waters? Wake the f@&K up Dan!
Dan should resign if the next quarter is not showing some improvement there is no excuses left for him as the working capital was freed up early July according to him so July, August, September full working capital to expand you would think some better results are due for Q3. As for Strong/Calm Waters I speculate that he is the one behind all the manipulation as he has a history of it (lifetime ban for suspect trading in the past) I will not hesitate to pursue legal recourse hoping he goes to jail for what he has done to Ecig shareholders if he chooses to continue this price suppression. All imho.
Don't understand strategy of expanding in less developed countries I would have thought established European countries would have been better i.e. France, Germany etc where there is money and many smokers.
It's a great idea but Dan is all talk and no action when it comes to PR/IR he did not even commit to a time frame for PR/IR in CC, just saying all these excuses ''we were not ready'' after saying in previous CC that they would a do a PR/IR after financing.
Do you think Dan O'Neil would risk being sued with shareholder class action for acting and being complicit in helping his ''friend'' taking this company private at the expense of every other shareholder? I feel that he would not take this risk....
If that is the case then there should be a class action against CEO Dan O'Neil for failing his judicial duty to all shareholders of this public listed company. Nice conspiracy theory but I feel this would have already been done if that was the case. May be it is not Mr Strong who wants to buy cheaper, but you Mr Yerboss?
Another interesting hint was interest payments been made in shares instead of cash. That would suggest he believes the value of the stock is going to be worth something.
I don't know the answer to that question to be honest. My thoughts are that once company has executed expansion and money flowing possibly there will be a warrant retirement. As I can't possibly see as you say a share price return that would be satisfactory with this amount of warrants outstanding and from an investment cost base of 0.145. just my thoughts though
If you think that Strong will accept a return on money like that for this amount of effort and time you are delusional.
2 new countries for upcoming expansion deals to be announced in the next week Dan said. This could be very good news. Also ruling out an R/S also good news. The refinancing is done freeing up over $30m working capital to execute on expansion things can only get better from here on in imho.
2 new countries for upcoming expansion deals to be announced in the next week Dan said. This could be very good news. Also ruling out an R/S also good news. The refinancing is done freeing up over $30m working capital to execute on expansion things can only get better from here on in imho.
Lets hope so mate, if I get the chance to ask I will ask Dan straight out what are the intentions/plans of the Richard Strong and himself with all these warrants? will some be retired? as surely this limits the upside for themselves as well?
I like how they also give option now for internet broadcast it is much better for international shareholders to have access to conference call which is appreciated. That is an improvement at least
It is clear the one's who do not hold any position here or sold have a negative undertone in their posting and it matches their agenda to want a share price as low as possible for an entry it seems to trade it.
It is ok to try to point out the negatives but to insinuate you are 100% correct just because the share price is down at the moment makes you look like a complete T^%@ser.
Like one of the ''Longs" whom sold their position to then proceed with a ''negative rant'' was quite amusing to see their agenda but also very poor form.
At the end of the day we are not expecting anything from results Q2 or even possibly Q3 hopefully Q4 we will have seen the results from this refinancing with more working capital to execute on expanding revenues. It would be welcome for Dan to communicate more with the market and shareholders their positive outlook rather than saying he is 'disappointed' all the time.
Imho the current market cap of close to $10m is absolutely ridiculous for a company that could turn profitable with over $50m annual revenues with potential to grow that significantly with more working capital and expansion. Plenty of companies with market caps closer to $100m based on potential with no revenues and making losses with hopes of revenues in years to come.
CC will be last chance shareholders get in 5 months to express our total discontent with the share price, communication IR/PR from him and express outrage over his treatment of shareholders. Lets hope we take this moment to say to this POS CEO's face what we think of him and the situation.
The CEO is a loser and has proven to be one over the past 2 years. The support for him on this forum is ridiculous and certainly not based on reality all the same excuses about going bankrupt but he has not delivered pure and simple really.
How the CEO can just let this go down to nothing is beyond me. He said that PR/IR would start after financing we have heard nothing. I don't like a CEO that does not keep his word. He has no interest in keeping market informed and improving the share price. Dan and management you are a effin disgrace.
Would be happy to sell all mine when I break even on this POS and POS management.
I have and he couldn't even be bothered responding.
Dan should start running company like a public company instead of just for one man Strong. He is accountable to every shareholder not just his friend....his communication stinks and disdain for other shareholders whom supported through r/s etc
Mate, he has promised a lot of things in CC and his communication to the market and shareholders has been nothing short of a disaster. I have been here for a painful 2 years and seen nothing but a share price being destroyed and dilution again after already an R/S. It is alarming to me that all this money thrown at Dan and in return for this money we are not seeing revenues increasing something simply does not add up here with all this expansion that has been happening, new kiosks you would think revenue would have grown more..
Agreed Ania77, there should be hard Q's asked in upcoming CC in August as Dan's attitude towards shareholders is simply unacceptable. The share price is pathetic and his communication to the OTC has been unprofessional.
Dan forgets he is running a public listed company and is responsible to all shareholders not just Richard Strong. This mofo doesn't even respond to polite shareholder emails which shows supreme arrogance and ignorance.
The next CC he better have some good answers from the usual negative BS he has been stating in the previous CC.
Dan doesn't bother communicating to shareholders, hasn't bothered responding to my email. Disgusting
Shorting from Strong with what appears to be Dan's approval what a scumbag...the douchebag doesn't even have the courtesy to respond to a polite shareholder email.
Well it has become clear who manipulator. It is Mr. Strong motivated to get all his warrants reset to .145 so it seems he pushed price down to serve this purpose. Dan O'Neill is a disgrace and should be held accountable for the pathetic share price.
the new PR/IR company is working wonders..........not
What is more concerning is management lack of doing anything about this manipulation for the past 2 years. There is no way this should be trading at a market cap near 10m with 50m annual revenues with space to grow now with better financing terms
What happened to mid June as was stated by our CEO Dan O'Neil in the CC?
Yeah it is the exact same response I received.
I already did they were absolutely useless saying some predictable answer like when they are ready to announce anything they will. No timelines given nothing. Pathetic communication really