PlanetWK - agreed, they had around $10m in surplus cash at time of aquisition, not debt! You don't get $10m in surplus cash if you're not profitable. Filing at time of aquisition. http://irdirect.net/filings/viewer/index/1398702/000135448814002102/ It's the way the corp financed the deals which has made investment 'appear' less desirable. ECIG have multiple brands going places.