I think this answers a bunch of questions. From an earlier post today from Phinhead1972:
Call with ECIG Investors Relations company today.
I had a 10 minute call with ECIG'S IR company representatives today. The company is--- The Piacente Group, Inc.
Anyone can reach out through ECIG's relations site, and The Piacente Group representative will contact you quickly.
Here were the questions and answers:
1- Will the ECIG shareholder meeting on 3/10/15 be offered as a webcast?
Answer- No. One can old attend at - Robinson Brog Leinwand Greene Genovese & Gluck P.C. 875 Third Avenue, 9th Floor New York, NY 10022
2- Does the company provide guidance on when they would like to execute the R/S if approved, and what ratio?
Answer- No not yet (he hesitated a bit). Then said that he doesn't anticipate the R/S being long after the vote. He had no guidance on the ratio.
3- Has the company provided any information as to how the vote is going?
Answer- IR company doesn't have any of that information. However, ECIG is most definitely tabulating the votes internally, and they are well aware of where it is leaning to currently. IR company doesn't know though.
4- Will the company PR and give guidance regarding the recent 8K?
Answer- He doesn't anticipate that they will. He said he hasn't seen them PR much after 8Ks and that they are only required by to do the 8k for material changes. They aren't required to PR on those actions.
5- What is the plan to uplist?
Answer- This one he spent the longest on, but it was a lot of repetition of the same answer, take that as you want. He said that the company has NOT gone on record that they will uplist this year, but that it makes a lot of sense to do so, in order to get the proper funding and other benefits like restating the balance sheet, and capitalization.
6- Why was the T/A gagged?
Answer- He said that the T/A was not gagged. He said that ECIG contacted the T/A to review what ECIG allowed the T/A to disclose to shareholders per the already established company protocols, to only discuss those protocols with shareholders and nothing else. Meaning, that the T/A was divulging more than they thought they were allowed to.
Overall decent human to speak with, not a douche bag.
My take:
I didn't really learn that much from this call.
The answer to the T/A gag thing to me still says that the T/A was gagged.
To me, it does appear that they will R/S as quick as they are allowed to, if the vote is approved.
Additionally, you much be aware, that all of the company's actions over the past 2 months have included the knowledge of where the vote is leaning towards. He clearly told me, that ECIG is tabulating the vote ad they can see where it is going. Likely why Brant sent for 14 again again pleading for people to vote YES on both proposals.
Lack of PR to me appears to be standard for them, but could also mean that they will R/S right after vote and do it at the maximum allowed ratio because the PPS is so low.
Also, if the A/S increase is approved, then the company will have controlling power of future votes, in which they may decide to R/S later on at an even higher ration like the lovely 100:1 they wanted or worse.
I stand by my comments weeks ago that the lack of communication from the company to shareholders is very weak, and it appears that to them, they regard their shareholders as the future institutional shareholders that they will get when they uplist. Long after the former commons have been reverse split and diluted.
There's too much fence riding with this company.
Good luck everyone
AI
