Thanks for the question Eric and welcome to the board. I just posted, as a response to another poster, my thoughts on ECIG. I direct you to that post and offer the following: Those buying ECIG shares down here, risk almost nothing at this point. The company is not insolvent, has cut a new deal with the debt converters pushing out the timeframe for their respective pay outs, and we have a finite number, (300 million) of shares, from which to draw from. When the AS and OS are the same number, we achieve par. There will then be no more inventory to sell, or downward pressure to asphyxiate us. The sweet spot on this trade is very close at hand here. With the maxxing out of the AS, and the time differential between then and the share holder meeting to implement the RS, we have a divergence between a paucity of selling, shorts needing to close out the trade and those attempting to scalp a trade, buoy their position, or buy more shares in advance of the RS, to give them more. That is when ECIG will stretch the most. This trade is not over, and in fact presents in my opinion, an extremely favorable risk/reward opportunity for momentum players. We need only temper our price objectives, based upon today's press release.
What to look out for:
1) The REG SHO report on failure to deliver ECIG shares by shorters.
2) The rising OS in relation to the AS which is currently 300 million.
3) The date of the share holder's meeting, yet to be announced by ECIG.
When those three events line up, ECIG runs.
