Electronic Cigarettes International Group Ltd fka ECIGQ

[Toons39]

They would need to clear the toxic debt before they up listed because the institutional investors wouldn't invest with them if it's on their balance sheet and the traditional lenders wouldn't lend to them with it on their balance sheet. The last time they tried to up list they were going to pay off the bad debt with the money they raised, next time they try to uplist I am not sure they will try to raise $ at the same time because they can't afford to take the risk that it fails again. Plus they will not have that many shares to offer sense they are only trying to increase the AS to 350 million and that includes preferreds.