Electronic Cigarettes International Group Ltd fka ECIGQ

[Bjdev89]

These warrant holders are more sophisticated than that and their upside is much larger if they don't do that. That's my interpretation.

It wouldn't make sense if the company is doing fundamentally well to exercise and sell those shares for small margin like that. Growth is growth - if warrant holders wanted to do that despite the company's assumed growth the company could buy most the shares with the exercise price and resell them to new investors at better pricing (again - assuming we do have the growth).