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That guy had a really POOR perfomance here. And it will come to no surprise when he slowly, and discretly... leaves the company by the backdoor... Such a trash mark in his curriculum.
Unfortunatly that option is not a realistic one. The company has debt to be paid, and no shares left... How you would solve that situation if you have no liquidity, and notheholders harrasing you?! A good communication campaign, about prospects, revenue guidance, and clearly hinting that all leads to a exchange upgrade could challenge the FEAR about a RS. But that part is CLEAR that is not being DONE.
It doesn't surprise at all. We're currently a "puppet" in MM hands... Sponsored by management. We cannot blame people to don't jump in... Look the way "this" has behave the last 3 months... With no support from the company and with people scared... it seems just one way to go: if the game, right now, is for the MM "shorting and recovering shares at lower price"... what can challenge that? No interest, scared people, and on top of that ad a CLEAR neglicence from the management to support the value of their company (in purpose?). Knowing the rules of trading the reality of value of this company is: 0'045$. The rest is intelectual projections. But we all know that we're left in MM hands (those guys have more leaking indoor info than we do), and those guys aren't in the mood of getting this up and running, but to sell now and recover a lower price. Just a reaction in COMMUNICATION could work as an electroshock... but it's clear, day after day, that those guys (BOD)or they're not UP for the job or they just don't care (RS and assigning prefered will rearrenge what they loose in this cataclismic drop; not for the retail). Anyway... we'll keep the hope...
Nevermind. He's not my "heroe"...
You can drop "Mr"... Plain Willis will do it...
Those remaining 77m (or much more), I would say, aren't retail. They propably are part of the finance engineering that management is trying to put in place (prefered, and institutions holding debt that will be converted... or paid in cash). So they have BIG time interest in that RS ans AS coming through and probably they prearranged with the ECIG guys. Otherwise how they'll pay their debt if is not with some more shares? We know as a fact that the revenue (now) doesn't pay so far the cost of that revenue... Retail: we're not part of the equation (expendables). We only can hope that this really turns around and when it does... be there.
Don't get it wrong... I'm taking the whole situation with as much humor as I can... My point basically: Sector looks great; management awful. Not bashing nor pumping. Trying to be as much realistic as the current circunstances allow... A drama can turn into comedy... but so far... the facts are those: 0'046$, RS looming, increase in AS looming; prefered also; no PR is getting this up; and I think mostly we know really nothing about what's going on with the debt. In stock trading I respect all positions (longs, flippers, shorts, etc...) as this is a "game" where the whealth is transfered from "one wallet to another" so certainly some "get" and others "give". Because my education... when i get I say "thank you" and when I "give" I say "bravo and good luck!". By the way...are you ok with the way management is dealing with communication so far? Don't you think that (if that was their target) they could to better dealing with such appalling PPS vicious, and continue, drop? Challenging (with projections) the diluting-shorting noteholders ,I would say, is in their mouth. But ei...!!! I don't want to disturb anybody. I'll keep just reading (as I said before there is a lot of knowledge here).
On our knees... we going relentlessly to the LOD...No doubt that MM knows that a lot of "hope" has vanished here (from yesterday unexpected action...) so exploiting the "fear factor"... There is no buying... just trying to shake people out of their position... thanks to the "absent" management. Vicious dilution hedging.
Maxed the OS what happens to the debt that has not been restructured and that, obviously, shares @ 0'046 are not paying... ( as we would need milions to be dumped at this current price ). What happens then? you mean that that doesn't imply more turbulences...? I don't think so. What happens to the guys (those who didn't restructure) that his debt was not paid cause not shares enough on the float? C'mon... the board is not adressing this properly to US. Maybe in their INDOOR finance engineering it suits them well but they're not addressing this properly to us thus leaving us on the frontline, without cover = under the bus.
I have no doubt on that. Just makes me wonder... what kind of guys are leading there... I mean everybody thinks that the numbers must be great, and bla bla bla, distribution channels and all that.... Logically i'm thinking this way: we have a problem with conversions. Ok. There is MM makers shorting and getting the PPs to the ground. What can the company DO to support the price: communicate (guidance, letting clear to the market that 2015 it's gonna be rocking year, and 2014 finished in good shape). It seems logical that doing that you can show visibility to interested inversors ( an upset the shorting), who in their turn will support the PPS, get rid of more debt as any share will pay a bigger fraction of it (instead of the value now: flying shares that in fact practically doesn't pay anything...). What I'm starting to believe is that management is helping this in purpose. Otherwise one just can think that those guys just don't give any kind of a fraction of Sxxite of the retail people, or that they're not UP to the job (it also can very well be).
one by one. Since beginning of december.
Eoooooo???!!!! Do we have any kind of management is this company? Those guys are a total failure. What a bloodbath are they leaving here. I stick to my opinion: management is part of this market conditions... If they have any good card to play they don't ! Or which is worse... maybe there is not a good card to be played... This is not getting better by any means...
It was directed to the message from "newlonginvest". Sorry
The "answering machine" is back... Nicer switched off!!
By the ammount of post from yesterday we have to admit that globally we took a moral hit from yesterday's action... and that everybody seems more clueless than ever about what's really going on behind the ECIG's curtains... Hope we can go through all this... as for the nature, and human capital, from many people in this board it is well deserved. GLTA
Dr Jekyll and Mr Hyde....
Then they'll come up with tomorrow's numbers.
I'd say that with today's action the OS is more than that. As Bernie said: 3.000.000 milion went through after he received the email. Logic says that we have to count those for sure also...
I am as CEO Willis in the PR: "We are very excited..."!! Certainly we're Brent...!!!! We couldn't be more excited !!!.
There is 2 months that we keep on saying the same... things... Panic selling in good news??!! Right now we have to admit (not basher not pumper, nor optimistic nor pesimistic...) that we're a "puppet" in note holders conversions hands + lack on info from the company. This seems to be set to continue this way for a while. My opinion. Hope I'm wrong.
I think the he MM diluting are as spechless as the board... They probably expected a little bit more buying interest... to unload more "ammo"...
They (MM) left it breath last week. They waited for some news to see if peeps wanted to buy... They killed it straight away... so back to flat interest. Tomorrow for sure the OS will be bigger than friday.
I think there is quite a lot of investors speechless and thinking about all this nonsense...too. Welcome to the club. . The key is the manegement approach to this situation.... (bleak)
Uauhhhh That would show enormous commitment to the company... Just 3 weeks after coming in and trying already to get something out??!!! I hope not...
They're trashing it... There is still plenty of MM "ammo" to unload... It still prevail the thinking that we have plenty of time ahead...? and that we have to chill out? Arca is back full force... with the rest of the "bunch"... As stated: management is playing a rol keeping the price down, and we aren't a part of the equation in this game...
There is anybody intending to go to the voting meeting in NY?
Difficult to say...:
a) In one side it seems to be a high..., vary high actually, expectations about q4 results and also a vey high expectations about bussiness model and the potential of the management to deliver something BIG... Everything... hypothesis and we don't see any news about guidance... to sustain it.
b) in the other hand we keep seeing 8k that shows a kind of "desperation" to keep the things going on , changes in company's leadership and key post remove, changing accountant company and incredible marketing offers like 2x1 (uauhhh!)
I like the sector. It has enormous potential. Don't see too clear about the company whereabouts. Can't see through the "mist" but I see little mercy about retail holders. They'll probably sort something out the hat but we won't be a part of the equation. I'll hold if there isn't a further price collapse but here it is a "every man for himself" strategy right now.
Agree 100%. The management it makes a "well done" job to undermine the faith on this company... If monday (before the bell) we have nothing to balance the "fricky" news comin out lately we'll have another round of tough time...
There is a place for all the creature in this magnificent world. Also for the scavengers.
said this way sounds like "capitulation" mode... Clearly this is becoming the club of the "8k"...
It came down @ 0,0557 with 10.000 "bullets"... but seems to be gone by now...
Here comes ARCA from holidays.... ;-(
I hope it's not a "too good to be true..."... .
Ehhhh Ohhhhhh it's really moving...?!! or I'm in the sahara's desert, scorched by the sun and after few days with no water...?
Lol I think it will move as fast as a full oil tanker in high sea... At least today...
If RS + AS + prefered shares passes (and IT WILL) they'll (management+note holders) gain full control to, if needed (hope not), do another increase in AS+RS. So to me was just an esthetic display to calm down the retail's worries, and emails that were probably flooding management's inboxes and collapsing companies phones. The sthetic part of it is also important...
Last PR confirmed the worst case scenario for many retail investors in OTC = RS + increase AS + prefered shares. That was not a PR to boost the confidence in the company. The debt issue was dealt in an unclear manner to say the least... So that is not the kind of PR that we we're waiting to bust bussiness visibility. Much needed.
THey need something to ignate the powder (retail interest)= convenient PR. No news?! then harvesting shares as low as possible.
Clearly NITE is the sheperd. Keeping the price tight like playing PING PONG...