I have been watching ECIG for a little while now. Very dynamic time for the company to say the least. I do not hold any shares at the current time, nor did I previously. Having said that I will be watching for the right time to get in.
There are a lot of questions and ALOT of speculation happening right now in regards to ECIG (read the comments just from today).
Some Questions & Some Comments:
1) When is the expected release of Q4? This I believe will be a large catalyst to move ECIG back to where it came from and out of penny-land.
2) Conversions and further share dilution is still a possibility till there is an official release (8K) saying otherwise and/or the time has passed (well into Q1) and the O/S has remained unchanged. Till' either of the two items above happen - You should expect conversions to take place throughout Jan & Feb.
3) Talks of buyouts, etc. Speculation. Rather than spending time on what a buyout price would be or who is interested. One should be so inclined to look into these large purchases throughout last week - as a member on this board mentioned in an earlier comment, "I have not seen any 8k or paperwork on 5% or > in ownership." - What I say to this is, large companies would be smart to (And, they do) buy up and as close to 5% as possible. Say 4.9%. Think of this on a large scale and thru the scope of conglomerate companies. This in essence would be the start to: bidding wars, pressure on the current executive team, wait and see if ECIG is worth them pursuing (i.e.) they own 4.9% on clearance .01% even over-valued is still a deal. Think about it.
4) I do believe this company has "Over-Corrected" and will begin to "Correct" and move back to some-what of a fair-value price per share. When? Couldn't say. To many variables at play right now.
5) As far as next week goes on being the Breakout week goes. As every human involved with this - I would love to believe it. However, I will be watching (hopefully I don't miss the play of a lifetime). There are just too many un-knowns right now - And, if i have learned anything with being a swing-trader down in penny-land. Anything is possible.
Unknown's/Fear's:
>Conversions
>Dilution
>Bankruptcy/Corporate re-structuring
>Mass Short-Seller attracted
>IPO to current price in <12 months. Abnormal.
>Lack of PRs from company; within recent week(s) month(s)
>Hostile takeover potentially at current price's
Anyways, this is all IMO. After reading all comment's i thought it would be worth a post. Look into the large buy orders and start looking around on what big players would be attempting accumulation to 4.9% of share's. And, watch out for all the Unknown's!
Best of Luck and GO ECIG!!!
