Electronic Cigarettes International Group Ltd fka ECIGQ

[tbone8]

Seanboy, lets have a useful conversation and discuss the benefits of getting the 6% Senior Note paid off.

The 6% Convertible Notes may not be prepaid by the Company in whole or in part at any time.

It is good that we were able to prepay this toxic note after all, right?

Or could this have something to do with it?

The holders have the right, in the event of a change of control, to require the Company to redeem all or portions of the 6% Convertible Notes, in exchange for cash equal to 107.5% of the principal amount redeemed plus all accrued and unpaid interest and late charges.

Either way, no longer having this toxic Senior Note should help in qualifying for longer term financing, right? Especially now that the only remaining Senior Noteholders control the company, right?

Hmmm... it is all very interesting.