If ECIG comes out with news that they have either paid off the 15% convertible notes or reached a deal to finance that debt to long term notes then doubt if shorts will find this stock an attractive short post r/s. If the balance of the 15 percent notes are not paid off prior to a reverse split (or converted longer tern) we will see both shorting and dilution which will plummet the stock price. I am sure the new management understands this well, and am looking for some news soon on the balance of those notes.
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