Electronic Cigarettes International Group Ltd fka ECIGQ

[yerboss]

Nope. No RS. Mngt does not have the votes. Assuming all the retail shareholders are smart enough to tell mngt to pound doo that leaves those companies who received shares as part of their acquisition, Their shares are the currency they got paid with. Why would they take a haircut on their shares? No reason. Mngt controls about 20% of the shares. That means they need another 30% or roughly 60 million shares. That amounts to about 55% of ALL the diluted shares. I have run proxy fights and I can tell you that is a nearly impossible target to deliver given the overwhelming opposition to both options. They MIGHT get an increase in the AS (depending on the terms of the Prefs) but the RS is dead out of the gate.