I've been reading things on here for a while and wanted to contribute my story in case it gave anyone perspective on things.
I was one of 72 Canadian investors who bought into the company back in June of 2013. Together, we purchased 2.5 million dollars worth of shares at .25 cents per. There was a lock-up agreement in place for one year.
In that year, we saw the share price climb to over $40 at one point and hold steady for long periods at well above $20. As it got closer to the end of our 1 year lock up period, the company had a conference call with us letting us know that they were about to go ahead with getting uplisted to the Nasdaq. They were concerned about what might happen to the share price if we all suddenly were able to sell our shares all at once (approximately 10 million shares). Instead, they proposed that we would be able to sell 30% of our shares at the uplisting price as part of the raising of $150,000,000 - and the other 70% would be locked up for an additional 6 months. We all agreed.
Obviously that didn't occur - and by the time our broker's lawyers were able to untangle everything and we had control over our shares, the price had dropped below what we paid for them. Now obviously that was disappointing - and if anyone has reason to be discouraged by what is happening, it would be me/us - except that I'm not - I still fully believe in this company and this management team. In fact, I have added to the number of shares I have. There is obviously a great deal more involved than what we as investors are aware of - but after watching how masterfully they were able to grow their business and revenues, and hearing them speak about how they plan to operate the company, I don't think there is a better investment opportunity in the market right now than ECIG. I'm sure you can make money flipping through this volatility, and who can blame anyone for wanting to make money, but I truly believe that this company and its team are capable of sorting out the debt issues, and growing into the global leader in ECIGs.
If you are long on this stock, have faith - I have done my DD the entire time and have seen nothing to indicate anything but positive long-term growth.
