Electronic Cigarettes International Group Ltd fka ECIGQ

[tbone8]

Because the entire time you have disregarded the importance of who this noteholder is and why such favorable terms were given to them.

From the Jan restructuring update PR in Jan:

Executive Chairman Dan O’Neill commented, I made a commitment to working toward strengthening and restructuring the Company’s balance sheet to establish a solid foundation for controlled profitable growth. The restructuring of the senior note holder’s debt, and the decision by them to further invest in the firm is an important first step.

The new noteholder is obviously affiliated with the company and IMO (learn how to use this) the note was designed to reward the noteholders with shares at prices retail was able to get them at in January. Deservingly so because they most likely saved the company from defaulting on their notes and BK. IMO the note was also designed to allow whomever is controlling this company to secure majority voting rights as well by converting and holding. Again deservingly so, since ECIGs popularity has attracted so many IHUB traders who could care less about the future of the company.