Electronic Cigarettes International Group Ltd fka ECIGQ

[Bjdev89]

Oilgal: Here's my source for saying once it is filed, it happens.

See the January 27 SEC filing def 14a (link and quote below). It is in Annex A toward the end- the sample submission of the amendment nice and pre-written for us...with everything but the ratio.

I'm having a hard time thinking of what other amendments could be filed that shareholders wouldn't get to vote on. Since I can't imagine anything, I'm getting pulled back into the Tuesday RS camp...that being said, I don't expect to "figure this out" and feel certain. I won't be certain till I see the filing in front of my face because there are a lot of good arguments both ways.

Link: http://irdirect.net/filings/viewer/index/1398702/000161577415000156/

"Upon the filing of this Amendment with the Secretary of State of the State of Nevada (the “Effective Time”), each ______ outstanding shares of Common Stock (the “Old Common Stock”) shall be split and converted into one (1) share of Common Stock (the “New Common Stock”). This reverse stock split (the “Reverse Split”) of the outstanding shares of Common Stock shall not affect the total number of shares of capital stock, including the Common Stock, that the Company is authorized to issue, which shall remain as set forth under this Article 4."

More quote which really makes me scratch my head:

"If the Board elects to implement the Reverse Stock Split, we intend to issue a press release announcing the terms and effective date of the Reverse Stock Split before we file the Amendment with the Secretary of State of the State of Nevada."

"If approved, the Reverse Stock Split is expected to take place at the discretion of the Board of Directors, but in any event prior to December 31, 2015, and without any additional action on the part of the holders of the Common Stock. The proposed Articles Amendment to be filed with the Secretary of the State of Nevada, substantially in the form of Annex A hereto, will be filed as soon as practicable following the Special Meeting, should the proposal be approved.""

"We reserve the right to abandon the Reverse Stock Split without further action by our stockholders at any time before the filing of the amendments to the Articles of Incorporation with the Nevada Secretary of State, even if the Reverse Stock Split has been authorized by our stockholders at the Special Meeting, and by voting in favor of the Reverse Stock Split you are also expressly authorizing us to determine not to proceed with the Reverse Stock Split if we should so decide."

Lol and here's a "nail in the coffin:" The amendment is a 1 pager as shown in the Jan 27 SEC filing and the amendment filed Friday is a 1 pager. lol, minor detail but we're getting pretty scrappy here.