Electronic Cigarettes International Group Ltd fka ECIGQ

[Bernie-UK]

I wonder about the "dilution" today. We will find out tomorrow but I went back to the T/A and asked how and when their records are updated. The reply was:

Our records are updated throughout the day.

So either the diluters didn't record the dilution today or there was none. I don't know what the rules are on how quickly they need to update the T/A but maybe someone else knows that?

The action this afternoon could have either been a massive short attack and they need to cover or they could have been using previously diluted shares.

I see any of this as a positive for what will happen next. If they are short, they need to cover. If they used dilution shares, they must have used up a huge amount today.

Logic has to prevail here, they either will run out of shares and the OS will be maxed or they already ran out of debt to convert and this will stop.

I think that we will win in the end because the price has to correct at some point.