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Got my attention! LOL!
No, a state reference- Iowa is nicknamed the Hawkeye state, which is where I am from.
They are. When I was an owner of a building components plant in Northwest Arkansas, Walmart gave me a purchase order for a piece of trim, the bill was abit over $13.00. Took them over 90 days to pay it, became laughable. I finally called them just to see if they intended on paying it, which they did.
I happen to know abit about Wal Mart's growth strategy as a friend of mine was one of seven who signed off on their financial statements back in the 90's. (Vice President of the Hypermart division) at that time. Their strategy was to build a new store and it was up to their vendors to donate their opening inventory to Wal Mart. From what I understand every vendor did this with the exception of Johnson and Johnson.
To tie this rambling in, I think Fields since he had that Wal Mart background also shared their growth strategy with his former employer. With the exception, his thoughts was to buy up market share. Which eventually catches up and creates a severe cash flow crunch. So when the IPO failed it led to the convertible notes.
Oneill is not a dummy, as long as they can keep their debt within a reasonable amount they will have the sales to support it.
Eventually good things will happen with ECIG.
Haven't completely made up my mind one way or the other. If I had to vote today, I would vote no. But I am open minded enough to see how things unfold for the next few weeks before I make a definite decision. Granted there would have to be some big steps made on ECIG before I would consider voting yes for the r/s. Just biding my time for now.
I own 708,000 shares, my friend who does not look at this board owns 700,000 shares for a total of 1,408,000 shares.
Have not voted yet, and will wait to see how the rest of the month unfolds.
Also, if the pps remains in the current channel, we are both buying another 300,000 shares next week. That will give us each a total of 1,000,000 shares, two million combined.
Talking to a buddy I work with last night, we both have abit over 700,000 shares each. We decided if it continues in this 5 channel until Tuesday we will both pick up another 300,000 each to have a cool million. When this does take off, should be a thing of beauty. GLTA
Waterford Lakes area? I live right off of Alafaya Trail and their is a new Vape outlet opening up the street, and another one within a few blocks away. Talked to a salesman in one of the shops, and their owner is opening up 9 more in the Orlando area.
Yes, I don't think there is not such a thing as short's being squeezed anymore. Shorts are given plenty of time to cover their sells, they have all the advantages in the market now. Naked shorting, and given ample time to get out of their positions before a runup. If you look at the activity here lately of bashers you will see that it has become less and less, what does that tell you?
LOL, nice!
Yes, it would be. But I am in it for the longer term, long as ECIG has Oneill and they continue to improve the balance sheet, sales will be there.I am going to be riding this horse for awhile, if everything aligns up like I believe it will.
Added my last 200,000 shares yesterday, Locked and loaded for the long ride up!
Good for you, think having a little skin in the game is always the best teacher. I have nearly 60k invested in ECIG so obviously I believe in it. Would never invest that kind of money in an OTC stock unless I believed in strong future rewards.
Don't know I was in with PK on another stock a few years ago and his posts then were pretty level headed. I just attributed it to him being over the top with enthusiasm as far as ECIG was concerned.
I agree with you, buying more tomorrow... to finish off my investment. Hopefully price will stay in the 5's until I get my funds to clear tonight.
Ya I didn't get that either with Pk's post. Company is not going to have PR blitzes until the conversions are behind ECIG. Until then it is what it is.
Bought a number of stocks and sat on them for years, EL_ is one example. Bought in 2001 at $1.10 per share, stock ran all the way to $29.00 plus in 3 years. ECIG to me seems like one of those stocks that you can hold and grow with the company, I like the chances for long term exponential profit. I believe ECIG's turnaround story will be similar.
Tuesday might be the last day to buy ECIG in the 5's. Funds clearing tomorrow and I will buy 200,00 more shares to wind up my buying here. Believe over the next two months we are going to be in for a great ride. Never know what could happen with a post split, but for the next couple of months ECIG looks like the buy of the decade. GLTA
Just got in front of my laptop and read the news out today. I would have expected at least a double with this news, looks good to me. Debt is converted to long term, r/s is down to what looks like is a 1/10, better news, longer term financing.... What am I missing? Anybody update me on what is happening? Appointments all day so no time to read the posts.
Thanks!
Agreed, I find it hard to fathom that a r/s vote would be announced anytime in the near future, until it served a better purpose, namely to uplist.
Hmmm... I would be surprised if it did, to me it seems like the timing for that is all wrong. Would just throw up more concerns on an already fragile stockholder base. If it was me I would release a series of positive PR's then when the pps is rebounding,
(IF a r/s is truly their intention) then I would send a PR with that announcement. From what the poster had stated from his email with Mr. Oneil the PR was going to be that of a positive nature, I don't see a PR announcing the date of the vote on the r/s as being positive.
When I was in business we never had the government write us a check for an overpayment of our estimating taxes. Did have the state of Iowa reimburse a particularly large overpayment, but never federal. Probably depends on the amount, and if the company is in a profit situation. Just basing my thoughts on what I have observed.
Perhaps from your vantage point, years ago I was the President of a privately held manufacturing company. When there was a problem I always reached out to customers, just to make certain that I understood the pulse of our customer base, and to alleviate misplaced concerns. To me it is Dan's way of saying "Hey we are concerned too, here is what we are going to do to start to correct the problem" Starting with a PR next week, believe what was stated that they would be releasing more in the next few weeks. Doesn't seem unprofessional at all to me.
Agree with your post, a tax credit should be listed as an asset on their balance sheet. Obviously the government is not going to write a check to ECIG for the over payment in taxes, but the credit would be just as good as they can use it against future tax liabilities.
I thought that I had read that other than here, or was quoted. Perhaps not, still cannot imagine a quick r/s at these levels, would not accomplish their goal which obviously was to uplist on the Nasdaq. .50 cents seems to me very doable in the short term, unless revenue numbers are completely different than what we believe they are. At .50 they could easily do a 1/10 r/s and accomplish what they set out to do last year, and for the most part not alienate shareholders.
Agree completely, the r/s would have to come with an agreement with all debt holders prior to the split. Otherwise as you say the reverse split price would not hold, their goal is to uplist and an agreement with the debt holders would have to go hand in hand with the r/s. And I do not believe for a minute that they are planning a 1/100 r/s, my bet is 1/10 after the price has appreciated, thinking it happens in April. JMO
It doesn't, but at this level if they wanted to accomplish a $5.00 r/s price which has been mentioned as their goal, then it would need to be 1/100. Really believe that a 1/10 r/s would be their goal, and if they have made headway on their debt which IMO they have, and if their year end revenue numbers are any where near where we think they are, it would make sense to wait until after the stock has appreciated in price somewhat before they vote on the r/s. Don't think it is a stretch to believe this stock in April could be at .50, which would make 1 1/10 split much more palatable. JMO
If the PR tomorrow is positive don't see it happening but GL.
Well nobody does, and I get that but I am also a believer that this stock is so undervalued that I would hate to be on the outside looking in when it begins it's climb as it will probably jump quickly. Also I am not so sure the way it has been trading how many available shares there are at these prices. JMO
I for one believe that a r/s is a very likely. However I don't believe that it would happen at this price level. Makes no sense to r/s 1 to 100 as it would be extremely counter productive. Now if the pps was .50 or above and they had a 1/10 r/s that seems to be something that would help the stock to uplist and not destroy shareholders confidence in the company. I could see that being a win/ win for the company and for shareholders.
Do you really believe this stock is going down to .002? If the rumor is true that ECIG is releasing a PR, I imagine that it is positive news. Also sounds like according to what was communicated with a couple of posters that there will be other PR's coming out in the next couple of weeks. If any of those PR's include progress on debt refinancing, revenues, you will be trying to catch it on the way up. This stock seems to be one of those rare plays in pennyland that COULD payoff in a huge way. Don't really get people watching every little tick up or down with ECIG, but that's just me.
I hardly believe that management would be consider a 100-1 split, that would be a death knoll for ECIG for some time. Looking for a recovery to at least .30 to .50 and then a r/s 10 to 1. That I think would be very doable and the stock could rise from there. With the revenues that ECIG is generating, rumored 80 million in 2014 (and the distribution channels they have in place for 2015) I don't think 200 million revenues would be a stretch at all for this year. Of course as we all know the convertible debt is what has been holding back the stock, any positive news on progress made on the debt and the pps could jump up to .50 cents easily when supposed 2014 revenues are confirmed. IMO
Really? You are sure reading allot in between the lines. To say that he was inferring that a r/s split was going to happen is a real stretch.
I should rephrase what I said earlier, according to another poster they have received an email from Dan and was told there was a PR coming out on Monday. Hopefully he is right, seemed credible. Another poster reported receiving the same email.
Will see on Monday!
Good News! Pr out Monday, hopefully we will start seeing some light at the end of the tunnel. Amazing to see how many Vape stores are opening in the Orlando area, buying another 200,000 shares on Monday at these prices.
Just drove by an E Cig store in Sanford Florida, stopped in and talked to the owner. Tried the Island Rum flavor and bought a starter kit. Really nice smoke, and I am not even a smoker quit years ago. The guy there told me they were getting ready to open 15 stores, his words "Business is a boomin cousin" LOL
They have medication now for that kind of delusional thinking. LOL
ECIG
What I really like about ECIG besides the obvious things that have been beaten to death, revenues, management, convertible notes coming to an end, is the fact that the longs here have done their homework on this stock and are resolute as to where it is headed. I am amused when I read such things as going to .01 by March, etc. I predict that very few shares are going to be sold tomorrow, or in the forseeable future at these levels, if the shorts were crazy enough to short ECIG at these levels, good luck in trying to find shares to buy tomorrow.]
Strange you should mention NCI Building Systems. They bought out a company I owned in 2000. Also what was interesting was that in 2001 they fired their accounting team for a miss statement of earnings the previous year. Which seriously plummeted the stock. I bought 10,000 shares waited two years and sold for around four times what I paid for it. So the nuts that claim firing the auditors are a bad thing are silly. It happens in every business, time to clean up the loose ends for ECIG and move forward. Fantastic hires and great outlook for future growth, I am fortunate IMO to have found this opportunity to invest in this company.