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I cant believe that there are still some people who think there will be no RS.
There has to be an RS in order to complete the financing.
Not to mention they stated in this the 8k that the RS will happen no later than Tuesday.
This is still the biggest and best ecig company out there.
Seeing their products on the shelf at wallmart first hand sealed the deal for me.
Funny how another ecig stock can jump up over $1 on news of 2-3k retail outlets yet we have like 100k outlets worldwide.
$237+ million they paid for acquisitions last year(this year).
I'd have to agree that the company is worth well over $100 million.
If revenue comes out at the numbers alluded to by management then we can expect (what was the term?) moonshot or something lol.
I'm sure they forked out over $40 million in cash alone just for their acquisitions in 2014.
Consider that when you are computing losses, (seems like gains to me) and you have a great bargain again.
Wow lots of buying pressure/covering.
Another push before lunch?
Volume has dropped off most .14 flippers are out.
I'm loving the low bid support.
It's keeping the shorters at bay.
Chances are COHI had a little over 28 million shares to get rid of.
There was a couple sections on institutional investing in there too.
Something about issuing shares only for the purpose of institutional investment.
Then a clause about assuming all risk etc.
Maybe the 30mil AS Increase of regular shares is already planned for this purpose.
Then the 20mil preffered is for voting rights.
IMO
Looks like .117 is a major short term support level. Being our last Friday pullback low.
We bounced at .1175.
Increased position this morning by 25%
Got some .124's
Shout out to Apostle too.
All IMO
If note holders wanted to convert it wouldn't take them long with this volume imo.
Think they'll ungag the TA now that dilution is resuming?
If the A/S passes is there a required waiting period similar to the R/S?
Thanks in advance.
People are dropping like flies on a day when we have yet to hit previous days close.
Charts say we have gapped up numerous times to drop down to. .001 above previous days close to end the day close to high of day.
Congrats.
Took 1.5 million shares to get us below .16
Volume is slowing. I agree next leg up coming soon.
Imagine if we start seeing candles the same sizes they were on the way down going back up.
Could see some 100% days coming. 12's printing.
Premarket bid and ask moving up already.
Proxy bid will not allow me to vote against either proposal.
I selected against the RS and for the increase in shares.
On the confirmation page it keeps telling me I voted for both items to pass.
It's rigged they will both pass.
I went to the doctor's this week to get a prescription for chantex. She told me if I couldn't quit i should consider ecigs as a safer alternative.
So is it safe to assume that Dan O'Neill is getting the same compensation package as Mr. Anderson?
if that's the case then we can knock 10 million off the A/S as of right now and then I wonder if the remaining 20 mil shares have to be kept aside out of the A/S since they have been promised as options. I would assume that they have to reserve those shares until they can have a vote on raising the A/S.
So the way i see it, we're 30 million closer than we thought to maxing the A/S out.
So only 30 mil left to dilute until the vote?
Odd they didn't lay out both employees compensation packages.
This is all speculation and I welcome any clarification.
DRW
Didn't they just get rid of the old accountant?
Low volume, to me, means less dilution.
Im expecting some increases in the O/S to be reflected today and tomorrow as we catch up with actual numbers. Id love to see no increase on Thursday and Friday.
I'm betting that the dilution is over now.
Time to see what the market values ECIG at over the next week's before talks of reverse splits resume.
We've got plenty of time to see a good bounce before then if dilution is done.
Depending on PPS come February a reverse split may not be necessary.
According to the last 8k today should be the completion of the 2nd secondary offering. It is 14 days since the 29th when it was issued. Im exited to see a press release, or at least see the O/S start to stay the same over the next few days. Got back in today.
Yes I did mean .01.
Yeah my order was not filled. Maybe tomorrow ill have them make it until cancelled.
Maybe tomorrow it will have a bid/ask, and we can trade on scttrd.
I saw it open at 1. Tried buying right then but wouldn't go through. Had to call in to place the trade. It didn't get filled.
There you have it Les.
One surprise after another
.01 I was trying to buy but scottra wouldn't let me by the time I got on the phone i was ready to sell at .20 but it didn't fill.
Any luck in trading this yet?
I might call my broker.
.20 now
Now it's 10 cents too bad my.01 buy order didn't go through
My vtcq shares are now worth 1cent woo hoo!
Can't buy more right now but I tried.
Dilution started on or around December 1st.
Share price has barely dropped since then, compared to its drop from $20 prior.
The thing that has me scratching my head is the $10, 000, 000+ worth of shares dropped for $3, 000, 000 worth of loans.
Again, something bigger than what's been told us is in the works.
Buyout? Complete debt restructuring?
That all depends on the number of convertable shares that are going to this purchase agreement. Since December 1st there has been over 80 mil converted. If they have to have 2x that still available to be converted, in the A\S then they are already pushing it.if they continue to convert 8 mil per day for the next 10 days an increase in the A\S is imminent.
BTW I am long ecig. Avg pps .089
Purchase. The Purchasers will purchase an aggregate of up to $3,000,000 in Subscription Amount corresponding to an aggregate of up to $3,157,894.74 in Principal Amount of Notes at two Closings. The first Closing will occur upon execution of this Agreement and the second closing will occur fourteen (14) days following the first Closing. The Company must file a Schedule 14A with the Commission to increase the number of authorized but unissued shares of Common Stock so that at least 200% of the Required Minimum are available for issuance upon conversion of this Note.
The end statement makes me wonder if they will begin raising the A/S as well.
I read a post on here that said they can't convert at a PPS less than .075.
It's just hearsay because I haven't seen anything verifying it, but it would be nice if it were true.
They're converting millions every day.
Pay attention to the O/S updates at the end of every day on here.
Dropped over 8 million yesterday.
Will go on for the next 2 weeks per the 8k filing page 6 section 10.1.
Seems nobody took the time to scan/read the entire 8k except for me.
Top of page 6 section 10.1 clearly states an additional $2 million worth convertible over the next 13 days.
If they are doing all this dilutiing and killing the pps just for a few days worth of revenue, then something is wrong with this picture.
This has to be a buyout under cover, or major debt restructuring, more than what they are sharing publicly.
O/S HAS MORE THAN DOUBLED IN THE PAST 30 DAYS.
They dumped another 8 mil yesterday.
We'll see continuing dilution for at least the next 2 weeks.
So then the 'second offering' will be 2x as big as the first offering since the numbers shown are over 3 million.
I'm pretty confused here, they've dropped 80 million shares on the O/S at +or- .14 each = approx 11 million $'s generated yet they are borrowing 1-3 million dollars that will have to be paid back with interest? Why not just file the right paperwork to be able to sell some shares and pay off the debt?
Here is the text referring to the second closing.
8-k form Top of page 6 under exhibit 10.1
ARTICLE II.
PURCHASE AND SALE
2.1 Purchase. The Purchasers will purchase an aggregate of up to $3,000,000 in Subscription Amount corresponding to an aggregate of up to $3,157,894.74 in Principal Amount of Notes at two Closings. The first Closing will occur upon execution of this Agreement and the second closing will occur fourteen (14) days following the first Closing.
Looked like that 1 mil trade at .0851 went around everyone.