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"the same form as issued to the Lead Lender at the First Closing." ... So 30M more warrants at $0.45? Same terms at first closing?
When do you think VPCO will delist? They have been trading under a buck since early April.
This is a pretty cool recycling program on ECIG's part... http://www.fincigs.com/blog/recycle/
Get ready for a rocky Monday market...thanks Greece!
Yup...Dan and Phil are only in the money on their shares if the PPS increases above .375 and .72
HA! Start em young!
Anybody know the shelf life of the AVS pre-filled tanks?
This stock has done nothing but go down. Sure it spikes here and there, but definitely down. An upward trend would be a blessing. Don't hold your breath.
Hmmm...I wonder when we're going to have ANY green days?
Ha! Look at the response from Vapestick under "Master Decker" in the comment section
I like the way you think. Now if only the share price would reflect that statement. Just before the R/S the PPS bounced off .20 twice which was market cap 60M. That would be a PPS now of .85 which is very reasonable.
Get ready for days of Seanboy's interpretation of this 10Q
Internet sales increased 10 fold from previous quarter
Seanboy, it would be approx. 431,318 shares a week for the next 7 years
86,263 per trading day
So if the lender buys all the warrants 157,770,256...ECIG gets 157,770,256 x 0.45 = $70,996,615...The lender gets the difference between market and 0.45 and this is over a 7 year time frame. Granted the O/S will be increased. This deal is huge!
The Warrants are exercisable for a period of seven years from the original issue date
When is the warrant issue date? Where are you guys getting 3 years as the original issue date of the warrants?
Why wouldn't the lender just exercise those warrants any time the stock is over 0.45? Instant gain? How is that not dilutive?
Not really sure. The legal jargon around the 4.99% ownership is confusing to me. Dan must waive that rule in order to own more than 4.99% of the common stock? And if he does than he would effectively own over 20%?
You're right. According to that statement the share count would be 82,453,189
Directors and Officers as a group (5 persons): 19,135,266 22.62 %
And what is the latest date for a pay-off/refinance PR?
Ok, so you don't know for fact that they have defaulted. You're only basing your opinion on past management behavior.
The state of Michigan has a lot of 25% per annum caps on interest rates for businesses...are you sure they don't fall into one of those caps?
What is the maximum rate permitted under applicable law? Do you know?
You know for fact they defaulted? If they paid off or refinanced by the 24th -- what is the latest day for PR?
I would hope they signed a short lease for this type of test marketing. Don't quote building sale prices unless you have facts to back it up. Do you have the boutiques address? Have you found the sales history of that building? Is it a lease? Unless you have something productive to say...well you get the point! IMHO
PPS of 0.05 to .50 now, is pre split of .0033 and .0333
Seanboy -- you're math doesn't seam right for pre-spit...you need to divide all of his projections by 15 to get the correct pre-split pps. example .05 now would be .00333 pre split.
Interesting high end ecig concept - http://www.wired.com/2015/04/pax-juul-ecig/
Great talent takes on challenges all the time, but it doesn't mean everything is guaranteed. These talented people are still banking a decent salary and stock options, so it's not a waste of their time. And of course if there efforts pay off it is great for their pockets as well. Good talent definitely helps the situation, but we need a solid change in the fundamentals. Slowing QoQ sales is not going to cut it. Hopefully their 2015 initiative will pay off, but only time will tell.
No Sh!t. Again I ask ... where is this going? It's his job to seek their resignation as Executive Chairman. What is the end game in your opinion?