Electronic Cigarettes International Group Ltd fka ECIGQ

[jprise]

The debt holders have their profit baked into the agreement. Like a mortgage. The bank lends you money to buy a house and they charge a percentage on the money owed and set up payment dates. They don't care if the value of your home goes up or down, they want their payment which was previously decided upon in the agreement. Does that make sense?


I should add that this is referring to the Jan/Feb notes, the 6% notes and the 4% notes. The VIP notes and 12% notes are notes issued to the previous shareholders of acquired companies and are a different story. I fully expect them to hold for Higher ground. The fact that we haven't seen the VIP notes Converted(Emphasis on converted, not sold) in the o/s makes me think that they are working on a restructure of some sort. JMO