Electronic Cigarettes International Group Ltd fka ECIGQ

[christjamin]

The January notes maturity dates are 7, 17 and 31. February maturity notes is the 28. The combined notes are worth around 27 millions dollars. @ current pps of $0.54 or @ pps of $0.07 (Madison Dixon line per Sporty)it would require 500 millions shares (385714285 shares) to pay them via conversion. Is it coincidence this news is out today January 7, first anniversary of maturity of those notes? Meeting is called for February, when the other portion (16 million of the 27 millions) due? The company's biggest debt problem must be those 2. The company must, yes must have enough shares for conversion of those notes dues January-February). As simple as that. If they failed, they fall in default (and may violate some SEC rules).