I think we can expect a 'little' further dilution as indicated in the financing deal, "The Company has also repurchased and retired the remaining convertible subordinated notes, and fixed the conversion price of the remaining notes." I take that to mean that the $41m is totaly non dilutive but they have restructured the remaining conv debt (.45 warrants/.75 notes) at an increased fixed price? It just remains to see what that fixed price is?
One more thing that another poster touched on that I think is worthy of note is, this is a senior 36 month SECURED loan, so is this a debt for equity swap, and in addition, is it on a revolving basis going forward?
I guess (like everyone else) we need to see the interest rate and confirmation of the investor/lender group in order to make an informed decision as to how good the deal is. Oh and an ungagged TA that can be contacted directly (instead of going thru Piacente) will certainly calm investor 'red flags'.
In short, I think this will hit a 'double top' pps of $3 by EOY as this is truly a great start to consolidating the balance sheet and increasing shareholder value by a slow and steady increase of revs and controlling operational costs. JMHO & GLTUA @ ECIG
IT'S BETTER TO TRY AND FAIL....THAN FAIL TO TRY! NEVER GIVE UP 
