Electronic Cigarettes International Group Ltd fka ECIGQ

[Bjdev89]

Where do you read that the convertible debt holders are now senior? I assume they're all equal now since it didn't say otherwise.

Would be disastrous for the little guy if those warrants move to $.16 and it would all be over for the little guy if they give more warrants to keep the $ value of the warrants the same.

Dick already has the majority of the equity of the company in a buyout. Getting warrants that cheap could undermine his position if the company is forced to split to raise more capital. But getting the warrants at the lower price/more warrants only generates so much more % ownership of ecig for him. It's a benefit to him to get cheaper warrants because it increases his upside but it also creates new risks, new barriers for future investors, and new suppression of the stock price/financial brand to investors.

Ecig should just go private.