Electronic Cigarettes International Group Ltd fka ECIGQ

[Big_Mike]

bjdev, can you interpret this for me? I believe it is saying that the company needs 200% of the shares of the agreement. Would these help to see what they may set the R/S at with all the numbers you crunched?

See below:

"If, on any date, the number of authorized but unissued (and otherwise unreserved) shares of Common Stock is less than 200% of the Required Minimum on such date, then the Board of Directors shall use commercially reasonable efforts to amend the Company’s certificate or articles of incorporation to increase the number of authorized but unissued shares of Common Stock so that at least 200% of the Required Minimum shares of Common Stock are available for issuance upon conversion of this Note and payment of interest on this Note at such time at such time, as soon as possible and in any event not later than the 75th day after such date."

Thanks in advance.