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Let's not resort to assumptions of my motives Lets stick to facts
"Increase In Authorized Shares: Our Board of Directors again found itself having to approve an increase in our authorized shares. This time, however, our feeling was to increase it to such an extent that we won't have to keep going through increases again and again."
This sounds like he knows were about to go over the 4.5billion OS and he has more conversions that go even beyond that so he raises it by so much it should cover all the debt....
Why is he thinking he would go through another raise if he raised it by a smaller margin... Simple...Because we have way more debt then we thought.....
Dror said in the interview that he previously lowered the AS from 2 to 1 cause he didn't need all that room....
Now he raises it by 3.5billion....He obviously needs the space conversions.....He's betting against his own stock that he won't have enough room for conversions....
Idc who pressured who.....Fact is they raised the AS for debt conversions....
Now you have to convince investors to invest in a 8 Billion AS that still has conversions to go through....
Once VFIN gets back on that ask people are just gonna be staring at that 8 billion and thats all there gonna care about..
He just raised the AS why would he make prepayments right after raising the AS?
Your saying he raises the AS to 8 billion just in case the price drops and he needs room for conversions and He's gonna make pre payments which would make the AS raise obsolete.....
AS raise means he doesn't plan to pre pay the debt hes planning on it converting and alot of it.. ..
If I were planning to decrease the debt anymore from pre payments I wouldnt feel the need to raise the AS so much for the conversions....
Exactly why I'm on the fence until further notice.....
Cause if we have the debt wrong then this price isn't the bottom.....and we might be heading for low trips 000x's
Your joking right?...Were waiting for servers here not weed lol
Well we now know that worker is capable of about 1.1 PetaHash's.. As long as that worker stays online over the weekend and if they fire it up again on Tuesday maybe we have a chance of a rebound
Yeah Definitely.... why RS if your not even ready to open the pool and your share structure still had room.....
If I wake up to PetaHash's I will sticky a post about the PetaHash's finally being live....
I hope this isn't just another test....
If this stays on over the weekend we might get some where.....
Playing with my emotions again..
Come on Mely keep them onnnnn!!!!
Agreed.....all it's gonna take is for ECIG to do some major business deals that outshine the debt situation and we will get moving quickly with this OS under 80 million....
Just a matter of time before Dan starts to blow us away with his plans for the future and starts to execute and grow revenues....
When we find out from these Financials about how much debt is left and how much of this 8 Billion AS we actually need thats when I either go on the attack..... Or run away......
Going back down again -__- ...Duh
Looks like that one worker is topping out at 1 petahash
Wow finally... Now stay that way
I am very much interested... Good products and decent revenue for the size of the company just hate the share structure now......
Gonna be a awesome play once the structure get managed the right way........
Until then it's a Good Company with a bad trading stock....
Think about what your saying ...
Why would the note holder agree to those terms if ECIG doesn't even have enough shares in their AS to accommodate those conversions....
Your calculations are obviously off.
8 billion shares waiting for you when you get Back.....
"just pulling your chain".....lol I'm out for the weekend aswell.....This is exhausting.....
When invested people have trouble being objective... everything is subject to change in this exchange and you cannot hold on to previous valuations when the facts have changed....That's how you loose money.....
I sold and I stay objective.. I got out at a higher price and if the facts change I can Re enter with a bigger position with the same money....And that's just smart trading...
Staying in just because your loyal only makes you lose money in the OTC....Take things for what they are..
Well said....
Looking thin to 0009 lol
I'm waiting til the amended 10k gets released so we can actually see if were remotely close to debt free...and then the 10Q to see how much notes he has taken on.....
Not buying a drop til then and Definitely not holding over a 3 day weekend....
That's what I don't get...Why did he make cash payments and then Ruin that positive action with this huge AS raise....he was better off just letting it convert.....
And 8 billion AS lol....
Look AS is just important... And we need to stop fooling ourselves... If we saw that this ticker had a 8 billion AS when we first looked at this ticker half of us wouldn't be here.....It shows the intent to dilute....It's not a "Cushion" ...
Why doesn't every other ticker that have notes converting have a extra 3.5 billion shares laying around...He wouldn't raise it by so much if it wasnt necessary ...He knew it would crash the price.....
This show is over folks...
We minus well just remain quite until whatever they are working on gets the pulse back in here .. ...
I'm tired of talking about what ifs with this company..
Bids at 0008 weak... about to slide back to 0007x0008
He can dress up a 8 billion AS all he wants....
If I wasn't afraid of everyone just dumping on the bid bringing this back down to 0004 I would bid sit and pray for a flip.....That's all this is good for now Thanks to that CPA and Dror's bright idea to give us a "Cushion"
But the PetaHash's... he promised PetaHash's lol
Not a scam just a mismanaged share structure
Exactly they have them reserved for dilution...
People keep rationalizing the extra 3 billion like every OTC stock has a extra 3 billion shares just in case......
You guys brought 0009's and want to exit 0014 just admit it lol
Uplist with 8 billion shares..... lol Yeah Ok
It's a conspiracy lol...
I love today's exchanges....
Yeah you cannot trade based on anyone's else's word....
You minus well just walk away from trading all together... have to learn to come to your own conclusion and judge the situational changes yourself and act accordingly
I wish you well....
Back to VPOR
Numbers in () mean negative... You might want to read their Financials again....
They trading at 1.96 post split you think they would need reverse again to get to 3 dollars?...
Not to mention they traded at 20 dollars a share pre split for a period of time....
.....come on