I'm excited having traded...
in several other stocks, that have played this same
scenario out, all trading above $4.00 now, having
had a drop like this into the pennies.
There is a reason for everything. You can look at this
and feel this is the play of a lifetime coming, or
complain this is all coming to an end.
ECIG has almost $300M in assets. Last Quarter was much
larger than our current Market Cap.
They are growing leaps and bounds, and IMO, they
wanted to be in a better financial position, holding
off on the Uplist, cancelling the Acquisition, and
getting the Converts out of the way.
It makes no sense to try and uplist with financial
monkees on their back, only to not be able to hold
the Nasdaq requirements. Defeats the whole process.
Smart play IMO, and as DDM explained, be watching for
Form 4's in the near future, and let the PPS correct
itself back up to its proper levels.
No matter how you slice it, ECIG is nowhere near the
proper level of PPS it should be.
I'll play the odds the PPS goes back to previous levels,
knowing how much the Company wanted to Uplist, but doing
it now the right way, and end up being the better choice
in the long run.
GLTA, and lets see how this next week plays out...
VLF
Buy and Sell at your own Risk. Dont point fingers, and make excuses. After all, wasnt it you that clicked the Buy Button?