Electronic Cigarettes International Group Ltd fka ECIGQ

[tbone8]

You continue to skate around my original question: Why is Pinnacle holding shares and how did they get them? And to suggest that your smoky answer is "way more than just an opinion" without any factual evidence of this. Wow.

1. You do not know with any certainty what notes Pinnacle holds, so therefore you do not have the purchase agreement filings for these notes and therefore can not make the conjecture you did and then boldy state it as near fact.
2. You are quoting clauses from the 3/17/15 note filing, but then using examples from before these dates.
3. Some notes issued in 2015 before the O/S maxed out do not have these clauses.
4. If Pinnacle is the Senior Noteholder and renegotiated and extended their Senior notes 18 months out, even if they did include these clauses - why would they purposely try to convert when they know there are no shares available? To further hurt ECIG (the company they have control over) and the chances of ever being made whole on their notes?



Finally...

Why do you think ECIG paid one holder about $19M to extinguish a $9m note?

Because there was a no early pay off clause with this Senior note. ECIG management obviously had very good reason to pay off this note early, and I am sure this noteholder had reasons not to want to be paid off earlier. The note would be more profitable if it was to run it's course to the December 15, 2016 due date. The question should be why was it so important for ECIG to pay off this note? I think you know the answer to this. 2 main reasons. Long term financing and...

From the 10k:

The Company has also agreed pay to the holders of the 6% Convertible Notes on each such trading day a fixed payment amount in cash in the amount of $128,571