Electronic Cigarettes International Group Ltd fka ECIGQ

[srm4u]

z_deville Member Level Monday, 12/15/14 01:07:37 PM
Re: BOS post# 3456
Post # of 7096
Hi Zach,

Thank you for your message. I can tell you that I know of no one in the company or even semi-insider that we know of has sold a single share.

Performance-wise, the company continues to deliver – better than any other company in the sector that we can compare to or know of – with sequential revenue growth in the previous quarter of >40%, and underlying EBITDA margin of >50%, with EBITDA of >$3.2MM. I can’t manage the speculators or the buyers or sellers. All we can do internally is drive the performance of the firm …which we have done going from essentially $1MM in revenue in 2013 to >$80MM in 2014.

I am equally frustrated.


Brent


Zach,

Here is what I know:
This business is growing like a weed, outperforming all other in the space
We have tremendous growth potential in front of us, unlike I have ever seen in my career
We have the management team, distribution platforms, brands, etc and capabilities to capture those opportunities
Following the unsuccessful re-IPO, we have had this very negative impact on the stock – that has made funding growth extremely challenging
We are working on the funding and cap structure with the debt holders to align the path forward – good progress, just not done yet
I am pulling our S-1 today, so any actions to uplist onto nasdaq right now (like a reverse) is not on the table – my simple plan is drive the business, deliver revenue & profit, and live to fight another day.
Brent
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=109091399
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