Tesla, ECIG actually bought FIN for $133 Million ($10 Million Cash, $15 Million in Promissory notes and $109 Million in stock), VIP for $50 Million ($20 Million in Cash, $11 Million in Promissory Notes, and $15.5 in shares) Vapestick for $54 Million ($6 million cash and $48 million in shares).
This is one of the main beauties of this investment. ECIG "paid" $250 million for it's 3 main acquisitions in 2014, but in all actuality from where we sit now (at our current PPS compared to stock issued at time of acquisitions) only paid $36 Million in cash, $26 Million in Promissory notes and ~$2 Million in stock (based on current PPS values compared to issued stock price). The shares issued to these acquisitions were at current stock prices (averaging between $10-15 per share at the time of acquisitions). If the companies did not sell their shares issued (which most likely they did not) it is very unfortunate for them but is great for us shareholders down here, as ECIG was basically able to buy companies valued at $250 Million for less than $70 Million due to depreciation in stock value. However, these 3 main acquisitions are still worth atleast a combined $200 million, if they ever had to be sold.
Everyone needs to think long and hard about this. If they can comprehend it then they will understand what a gift these prices are down here with a current market cap of ~$29 Million.
AI
