Electronic Cigarettes International Group Ltd fka ECIGQ

[SROCK72]

Yup, you got it.

Except $3.2M in interest that you missed.

So $6.6M in gross profit with operating and interest at $14.4M...so my twice as much was a little generous...

When we factor in foreign currency translation losses and losses on extinguishing debt the pictures gets so much better...

Q: Help me understand your reasons for thinking they are doing so bad?

A: Are you actually serious? How long do you think they can continue with those numbers? No warrants being exercised at these levels, so they will need to either borrow more or issue more shares? They cannot even make their interest payments now...They are not even remotely close to "being in the black".