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That is a poor analogy my friend. The difference between equity in a home and business is misleading in that the acquired business's are producing revenue whereas a home would not be under normal circumstances. Question that would be relevant would be is the acquired business generating revenue, profits? How much debt is attributed to the business, what is the ratio of debt versus annual net profits? If the companies that ECIG purchased can be paid off in a matter of 5 to 6 years through profits generated that is a darn good business model.
Now that is a relevant chart! LOL
Thanks Tes for your reply, I always look forward to your thoughts. Yes, this stock is also very intriguing to me as well. Different from any I have ever seen with the amount of revenues, growth potential and yet held down to a level which is bizzare due to their convertible notes.
Thanks Tes for your analysis. Excellent recap of where we are at, and going forward what can be expected. Do you think the fact that the OS will be maxed out will be the catalyst as the toxic debt holders will no longer be able to short the stock? Followed by some positive news (verification of 4th quarter revenues, update on paying down of debt) could see this stock having one heck of a run.
That actually sounds eerily similar to what has been going on here. From ECIG management perspective what are there options? Other then paying off the debt, which is obviously not an option for them right now. A R/S does not really accomplish anything in my mind as they can continue to short/convert with a higher priced stock.
Allot of people are in at a much higher average. I don't imagine that is any solace, could be a long term hold at this point.
I will give you a story so hopefully will offer some encouragement. Years ago I bought a stock that was under a SEC investigation for mis reporting earnings. The stock price continued to go lower day to day for months. Bashers were out in full force on the stock, many of my work acquaintances who knew I had invested in it, poked fun at my investment. Well it took me a year but eventually I doubled my initial investment and walked away with 70k. You just never know what will happen in a few months or a year.
This stock has revenue, tremendous growth potential.
Hopefully you can hang in there, you never know how quickly things can turn in another direction. This is not a typical OTC stock, and the management does not fit that mold either.
If they are planning on going to the Nasdaq anytime soon then it would be a disaster for investors who have bought shares at these levels. To me it means that they would have to do a 100 to 1 R/S more than likely. Hopefully they will soon end dilution and then follow up with good 4th quarter and 2014 revenue reports. Would be very helpful if they would give some direction on the debt as well. A 10 to 1 split at .30 cents a share would be much more palatable for investors who bought in at $1.00 or less a share.
Doubt if we see too many longs dumping shares at this point. At least from what I have read here the core of longs that have not sold are strong and resolute in their convictions to stay the course. Dilution should be coming to an end in the next few days and would expect several peeps jumping into the stock as the pricing begins to recover. A reverse split is only being considered and should not affect the short term trading of the stock. Smart traders know that.
Hi Pk, I am holding strong on 520,000 shares a good friend of mine bought the same amount at the same time. I remember you from a few years ago we were in on atr... together. Know we spoke a few times then, and know you are a straight shooter. Please share any info that you might have through a pm. Appreciate it, looking for any good news you can share after a day like today!
Also you can add a friend of mine who also has 520,000 shares for a NO Vote, we bought this stock together. So combined the two of us hold 1,040,000 shares.
I have 520,000 shares that vote NO. Also one of my good friends and I bought this stock together. He does not post here or follow the board but he also has 520,000 shares that vote a resounding NO!
Adding to my position today, sooner or later ECIG will pay off in a big way. Waiting a few weeks, month, two months does not bother me at all when I look at the big picture. Everyone has their own opinion one way or another, but for me revenues, growth potential, and management trump the negatives. All in.
Hmmm... how many times have I seen this before? Stock pps drops, scares out the weak hands and then we get our surge.
Get your half million today? Finished buying my allotment today, Need to shuffle some money around next week if the pps doesn't move up. Currently I have right at a half million shares but would love to add more!
Barchart, LOL.
Nothing proprietary, not unique, but sales going through the roof. There is not one product on Wal Mart shelves that are proprietary, or unique, what they do have as ECIG clearly does is a distribution channel. I could point to allot of successful companies that do not have a proprietary or unique product, flimsy argument in view of sales growth.
LOL, they have their game plan going into the trading day.
Market Makers hiding higher bids, several times I have bid higher than what it shows on L2.
I thought I was done buying, but after reading the logic/arguments of the shorts here I decided that I should buy another 200,000 shares tomorrow.
Wow! your the man, I have 300k in total shares and am feeling good! Wish I would have bought them all today though.
I think we will be okay here, but your concern is very appreciated. Been buying for the last three days,now just waiting for take off.
Probably clearing out their losers for the year for the tax write off?
Hmmm... interesting day of trading today. Looks like insiders are selling out of their free shares they were issued? Bought in yesterday, should have waited a day.
Based on the volume, or just a hunch?
WOW! Tough break for him!
I am keeping an eye on GMO, as soon as I see they have financing secured I am all in.
Thanks! I see there has been some nice volume the past few days, but the stock keeps dropping in price. Probably hold off for awhile if financing is still in the distant future the ppps will probably continue to slide downward.
Thinking about buying in at these prices, still optimistic on GMO? I see that there was insider buying about a year ago, didn't see where any had been sold.
I bought in 09 at $3.00 per share, made some good money on it then. Thinking about buying in again at these prices seems extremely cheap, do you know how long they have been looking for financing to fund their Mt. Hope project? Seems that their assets are worth much more than the current pps.
Really wouldn't be a bad idea for the next several months. From what I have seen silver will not see a bottom until probably mid 2015. Dollar is strong compared to weaker currencies abroad, glut of silver being held in etf's. Don't think we will see the bottom of silver until mid 2015. Unless of course something dramatic would happen, then all bets are off.
Just my 2 cents, Doubt if we see the bottom on silver until sometime in 2015. ETF's have a stockpile of silver, and U.S. dollar is propped up by weaker currencies abroad. Wouldn't be surprised if silver drops into the $11-$12 dollar range next year. If it does I will load up, good prices now but in my humble opinion has not bottomed yet.
LOL! I call that wishful thinking!
Noho is starting to show some strength, nice bid support at 6's. Maybe 7s will disappear by days end?
My opinion of course! Noho looks primed for a big run, they are producing revenues, by all accounts will show a profit for the year. They are in a sector now which has a huge upside that has not had the surface scratched yet. They are grossly undervalued for a stock which has so few OS shares.
PSW called NTE in December last year as their runner for 2013. Now they are calling this one the next NTE..
Again this is all my opinion, but I have faith in this stock.
Were they that obvious they had an agenda? Or just being a good Samaritan? LOL.... Agreed Noho is just beginning on a long uptrend.
Agreed!
NOHO has revenues, they have a gameplan obviously. This stock is going up regardless of the idle ramblings of someone who spends their entire weekend trying to fight the inevitable.
Remember NTE....?? Wait a few months, NOHO is the next NTE.. in the making.
Buying more next week, rare gem in the penny stock world.
Even less... $10.40. Children and their games.
Huge potential here, this last dip was a gift.