Electronic Cigarettes International Group Ltd fka ECIGQ

[SROCK72]

I am not viewing the Balance Sheet but rather the Income Statement.

I am also viewing the Cash Flow Statement and they needed to borrow $6.9M in the last Q to exist.

Looking at the Balance Sheet, this company has over $100M in debt (which is still growing) and Current Assets of $10M.

Their current ratio is atrocious and shows that they are in serious jeopardy of not being able to pay off their short-term liabilities.

Bottom line is this is not a company that is sitting on a pile of cash to cover their operating losses. As a result, they need to borrow more and borrow more and borrow more and eventually that well will run dry.

I suspect the debt holders will eventually own this company and we will be stuck with a bunch of worthless paper...