Electronic Cigarettes International Group Ltd fka ECIGQ

[SeanBoy]

Like you said before...

Lenders got porked...

There are four groups of people involved, management, the note/warrant holders, the convertible holders and the existing longs. Three of those groups were at the table.

Dan's strength was is ability to walk to walk away no worse for the wear. He got more and lower 10 year options and gave up nothing. He does well if ECIG flourishes.

The convertible holders may already be ahead but from what we know this gave up 11% (15 - 4) and they became senior lenders. I think they'll get more.

The note/warrant holders gave up 8% interest and allowed the convertible holders to become senior lenders and Dan' to get what he got. Why did Dick Strong give Dan so much? And why did Dick give the convertible holders senior lender status for only about $500K of interest a quarter? Certainly the success or failure of ECIG won't be determined by $500K a Quarter,

As it stands now, Calm Waters would be in a worse position than they were before the agreement. I can't believe Dick Strong will allow that to be happen. I think we'll see Dick get a lot more when the 8K comes out without regard to the pps.