Electronic Cigarettes International Group Ltd fka ECIGQ

[TESLA777]

In a nutshell, These guys were supposed to uplist to the bigboards, they merged with a bunch of e-cig companies and took on very bad toxic style short term debt in the process that was supposed to be taken care of during the IPO (NOV-DEC 2014), since that all fell through this thing has been crushed by the toxic creditors and shorting.

O/S has doubled in the last 4 weeks (102-213 million), management does not have voting control of the company, they dont have any Preferred shares here believe it or not, so they need to set up a shareholders meeting to vote on a few things. They want the shareholders to vote for possible R/S (1-10 to 1-100), A/S increase (currently 300 mill), and to create a Preferred class of shares for control and voting rights....not sure when the actual voting will happen, and/or what will be voted in...

The upper management and BOD currently control I believe about 41 million shares or so, they are in a weak position here, and this company could easily be taken over (by a hostile takeover) right now.

As far as the financials, off the top of my head they list the assets as ~288 million but because of the mergers they have a big portion right now under goodwill, so we need more time to get a good understanding of the actual true value of the assets here.

The debt I believe including everything is about 130 mill, and we know they did 30 mill ++ the first 9 months, even if they do 40-50 mill revs for the year its excellent...

A poster here has posted an email conversation with the CEO stating that the company is going to do about 80 mill in revs for the year, meaning a 50 mill 4th Q, thats hearsay, so take it as you may but many here believe it to be true.

Take that all into account and IMHO you have a company with a failed IPO, that has arguably 150 ++ million in assets(including goodwill) and revs around 40-50 ++ million for 2014 (could be more up to 80) that is being crushed by the toxic noteholders, we will probably see all 300 mill A/S get maxed out this month, O/S growing 25 mill or so a week.

So we will reach a point where the shares (A/S-O/S) are locked and you have a company because of its assets and revs that could be worth .50++ plus easy by the end of the month (Im not saying thats where the share price is going, just arguable the value of the company), Shareholder voting could take a month or 2 to happen, this has the makings of a monster run IMHO, Im not going to try to guess the bottom, I agree that it could go lower, but Im expecting a big run by the end of the month or so though....GLTY...all IMHO

http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=10318237