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.
IMO we will see at least a 30 percent upside in sales first quarter over 4th. One million dollar advertising program in first quarter, think they also held over sales that normally would have been posted in 4th quarter. Call it creative accounting. JMO
Not going to close at HOD today, but I am happy with a 60 percent rise in the stock price today, and more importantly have faith that we will see a steady upside going forward.
Sure we are just on opposite sides of the fence as far as viewpoints. You have made every attempt to negate ECIG as evidenced by your last post downplaying the percent ECIG was up today.
You mean right at 60% so far for the day and looks like it will run hard into the close. We all know your thoughts on ECIG you have made them quite clear in your message history.
Well we were all surprised with the non dilutive loan news today. Dan gives news as it is relevant, since details of the loan will be covered in the sec filing perhaps he didn't feel the need to disclose it today. Dan plays his cards close to his vest, seems like he gives only the minimum amount of news. Earlier last week the thought of non dilutive financing was laughed at, the cynics said it would never happen. We will know soon enough the terms of the loan.
Common sense should have dictated buying this morning at the open. We don't have all the answers or pieces to the puzzle but there is an unknown element regardless of the stock big board or not. The fact that they secured a 41 million dollar loan that is non dilutive will propel this stock much higher than what this is trading at currently. Couple that with the CEO's background now is a time to be buying, ECIG is only going higher from here.
Thanks Cuin, and congratulations to you as well! Was a very rough patch for awhile, Dan proved again why he is fortune 100 management. as long as he is the CEO we are in good hands.
Good observation Phin, I think you are dead on.
Okay, here is why I would rather bet my money on ECIG then a mom and pop operation. Dan Oneill has proven to turnaround companies that have had bad balance sheets, inflated operational costs etc. This is not his first rodeo, obviously since they have far superior distribution in place then mom and pop stores, they have more opportunity to get product in place or possible mergers/buyouts. From my past experience in running companies I can tell you that regardless of how profitable your mom and pop stores are you would never attract the interest of selling out to a publicly held company. They wouldn't care how profitable your little operations are. On the other hand a company that has the distribution of ECIG has several different possibilities for a larger company to buy them out/ merge. Maybe you don't understand how mass distribution works, there is some very interesting possibilities with ECIG.
I see this stock as doing nothing but going up now that they have the loan in place. That loan gives them the full amount they need for the Mt. Hope project, their is no reason why this stock will not be trading at a minimum of $5.00 in a month or two.
I jumped out of this stock awhile back after it had a quick jump from the high 20s to the low 60 cent range. GMO has always been good to me, always made money on it. I am going to grab as many shares as possible in the next few days, GMO has been reborn!
Seems to me you believe that you know everything about ECIGD, their products are a complete fail, while your products in your tiny mom and pop shops are a success. Because you own some tiny shops that sell products that in your mind compete with ECIGD, their products are of course outdated, crude, while your products are far superior. (heavy dose of sarcasm)
You know nothing what is going on behind the scenes, why Dan was brought in, why he would accept a challenge that he obviously doesn't need at this point in his life... I could go on and on.
Your posts are from a completely biased viewpoint, comparing your operations to ECIGD is like comparing my local Bill's burger shop to McDonalds. They too have been saying for years their burgers are so much better, and small mom and pops like theirs will run Mcdonalds out of business.
You seem to ignore the other possibilities- Cash infusion, buyout, also you seem oblivious to the fact that the new CEO has a history of turning companies around- See Molson's price per share increase after he took control of the reins. There are no surprises in the financial statements that he was not privileged to prior to his hire. There is a plan in place, just not one that you are aware of or includes your best guess.
Curious EC as to what your research tells you about Mr. Anderson, From what I have read he has excellent credentials. Still disagree with you about patent infringement lawsuits, those are a dime a dozen and do not hinder investing from whales or retail investors IMO. (Anyone can file a patent infringement lawsuit in hopes of a payday- does not make it valid)
Guess we will have to agree to disagree on that one.
Thank you too for reading my post.
Agree with most of your points with the exception of the following:
Resolving patent infringement is not a big deal, check out how many blue chips have patent infringement law suits. Will not reflect in the pps IMO.
Not grow too fast- There is no problem with growing quickly as long as the receivables turn quickly. Internet sales are done on a cash basis, new management needs to stay away from box stores IMO that is a drain on their cash, and lower profit margins. IMO it was a big mistake for the original management to distribute through Wal Mart stores, low margins and a terrible drain on cash flow. Wal Mart has caused many startup companies to go broke due to their 60-90 day pay schedule and their tremendous inventory demands. What I believe we will see from new management is somewhat of a change in their distribution methods.
CFO change-Why? You are aware they just hired Phil Anderson aren't you?
Agree that new management needs to buy shares on the open market that would instill confidence by shareholders.
The rest of your post I am in agreement with as it is a no brainer.
Seven hundred million dollar guaranteed loan from Chinese banks?
Wow, anybody else see this stock over $5.00 in a few months?
Obviously there is a motive, only the very naïve would believe that his postings are only to inform, educate misguided investors in ECIG. He has made some excellent observations, at the same time he cannot predict with any degree of accuracy what might happen in the future. While his speculation is valid, we all know that things can change very quickly. For some reason there was a spike in the share price near the end of day, looking for news out next week. For those who have shorted this stock at this low of a price level could be gut check time.
Yes, I am quite certain you have some information that nobody else is privileged to. You have made outrageous assertions for months here, and now yet another... incredible.
90 percent of his predictions were wrong so he just as well continue to play the law of averages. LOL
If PK was so done with this stock he wouldn't be here. LOL
New management understands that the company cannot continue with the current business model. That is why they brought in Oneill, (read his past resume and turnaround with Molson) they are currently looking at new markets, cost cutting measures to improve their operating overhead bottom line and will make tough choices when it comes to changing their distribution model. Personally I believe that selling through Wal Mart stores is not a win for them right now with limited funds to restock inventory. Wal Mart has a history of paying their invoices 60-90 days and the company needs to turn their receivables much faster than that. It is one reason when I was in business I stayed away from the big box stores. Better to turn your money more quickly with higher margins. Strong believer that the company is in good hands now.
Don't believe what you read on message boards- that's what started WWI.
ECIG
Thanks Div, I wish you a happy Easter as well!
As far as my comments on ECIG, the 10k was bad there was no way to dress it up. However after some thought I do believe that Dan and Phil wanted to write off everything they could to get all the skeleton's out of the closet.( acquisition write off was excessive to lump it all in at once) However if I were them I too would have written off everything I could on last years balance sheet,the bad from last year can be attributed to prior management mishandling the situation with a lack of a back up plan after the IPO failed. I am anxious to see what a year or so under the new management team will accomplish. Dan Oneill and Phil Anderson are both highly intelligent men and have very successful business histories. They knew very well what they were getting themselves into before they accepted their positions at ECIG. I believe that the worst is behind us, doubt if we see anything lower than the share price we saw this past week going forward. Already looking forward to the 1rst quarter financials in May and bet the sales number will be much higher than 4th quarter of last year and progress in reduction of debt.
I am still holding a sizable position in ECIG.
I haven't been posting allot lately, as many of the comments here are not really productive, hoping for more clarification soon from management and their forward looking plan for the future.
Have a great Easter!
Stocks that are marginable are generally stocks valued at $5.00 and higher. For traders to buy ECIGD on a margin account they would have had to be listed on an OTC list of stocks that were marginable, didn't look up the list but doubt very much that they were on it. Also who in their right mind would buy a volatile stock with a margin account even if it was possible? That IMO would not affect the share price in the least.
LOL! At least you are honest about it BJ.. no sky is falling or BK is in the works. Admire that, kudos to you!
We? I thought you weren't in this since the R/S?
Where did you read that the insider's sold their shares? I saw nothing filed that indicated that. They would have had to file form 144 and there was none filed. Not sure where you are getting your information.
yes, it is... and it wasn't kind to us longs.
Nobody in their right mind would vote for a reverse split again. Nor would they have to, doubt the company would need to ask common shareholders again, they probably control the commons now.
I am trying to figure out how someone even as accomplished as Dan Oneill could turn this company around. The 10k clearly shows that they do not have the money to pay the day to day expenses, let alone continue to grow which requires money for additional inventory and distribution costs. Short of an angel investor what do you see that I don't stockbroken?
All caps are scary for sure, but if it was flashing red letters with the caps it would have more impact. Frankly I am abit disappointed in Power.
LOL! I am keeping an open mind that anything is possible at this point!
Maybe they forgot that it was due today! LOL! Just joking, but cannot imagine why they would have waited so long to post it after the market closed, and if they were not going to post it why not file an extension?
Maybe they are waiting for a drum roll?
Bet it will be out by 6 eastern time
Normal, Scottrade was about the same
I thought you said your "FINAL WARNING" was prior to the market opening? So this is your "FINAL-FINAL WARNING"?
What's the story with this one? Seems like it has had some huge volume days in the past few weeks. Outstanding share count at 200 million?
Let me explain COG's as a percentage of sale this way. If ECIG had 15 million dollars in sales 3rd quarter and their COGs was 12 million dollars, their cost of goods (I am only using this as a hypothetical figure) in relation to their sales were 80%. If they had 4th quarter sales of 23 million and their COGS were 14 million (again a hypothetical figure) their COGS were less then third quarter as a percentage of sales at 61 percent. Therefore their COGS in relationship to their sales were decreasing which of course is a good thing. (that is what I am hoping to see)
I do believe that in the third quarter there was a high figure in returns,(not sure whether they had this on the balance sheet as cost of goods, or a separate line item?)
Agree patience is a virtue.
I believe you are mistaking an increase in the cost of goods, with cogs as a percentage of sale. I expect ECIG's cost of goods to increase, that is normal when sales increase. What I am interested in is whether cogs of goods increase as a percentage of sales or decrease. That is what is important to me at this point, also regardless of expenditures on new products that is separate from the COG's, and would appear on another part of the balance sheet.
You are correct, I was thinking that we should see more of a reduction of COG's as a percentage in the future with Dan's history. Just didn't phrase it very well in my prior post. Still with increasing revenues in 4th quarter it will be interesting to note if their COG's have decreased as a percentage.. would certainly think it should have.