Electronic Cigarettes International Group Ltd fka ECIGQ

[OICUNVME]

Do they have enough to meet the ST debt coming due in Jan or Feb?

Someone mentioned that the recent conversion could be the 4% Notes that had terms to convert at anytime. This makes sense and it wouldn't shock me if the holders of these notes are the same d-bags that hold the ones due in Jan or Feb and are hoping to force a default by making it difficult for the company to raise funding by putting pressure on the SP. This way they can negotiate favorable equity terms.

A simple bridge loan allows management to take back total control. You have to think this is doable with their assets and being CF positive (I think). I like the fact that mgmnt owns a nice piece of the OS and have aligned interests with stockholders. Also they are a seasoned team with huge financial networking capabilities so a BL or other type or favorable restructuring seems very likely. All will be revealed soon and you will not want to be on the sidelines when this is announced.

gl