OCI International Holdings Ltd. (DGTLF)

[newmedman]

Here is another post that I took from an e-cig forum. It might help explain your drop from a different point of view besides my own.

Electronic atomization cigarette
United States Patent 7832410

The invention relates to an electronic atomization cigarette which only contains nicotine without harmful tar. The electronic atomization cigarette includes a shell and a mouthpiece. The external wall of the shell has an air inlet. An electronic circuit board, a normal pressure cavity, a sensor, a vapor-liquid separator, an atomizer, a liquid-supplying bottle are sequentially provided within the shell, wherein the electronic circuit board comprises an electronic switching circuit and a high frequency generator. A stream passage of the sensor is provided on one side of the sensor, and a negative pressure cavity is provided in the sensor. The atomizer and the liquid-supplying bottle is in contact with each other. An atomization cavity is arranged in the atomizer. A retaining ring for locking the liquid-supplying bottle is provided between one side of the liquid-supplying bottle and the shell, and an aerosol passage is provided on the other side of the liquid-supplying bottle. The air inlet, normal pressure cavity, vapor-liquid separator, atomizer, aerosol passage, gas vent and mouthpiece are sequentially interconnected.

The above approved patent is comprehensive. Ruyan has a plan, but only public documents hint at this. Over the last year Ruyan has been through several changes. Their product line was inferior and troubled. They had to refund all their products. They then had to value their inventory as worthless. Their stock price plummeted.

Ruyan has since recapitalized. They hired new experienced officers.Their US patent was approved. In the meantime the whole electronic cigarette market grew by leaps and bounds. However, the market is still a tiny fraction of what it may become.

Ruyan has filed the first major lawsuit. This would seem to be a bonanza for their company (newly renamed Dragonite - yes, a Pokemon character). Surprisingly, the highly depressed stock price has barely moved. Normally, news of this type of lawsuit should cause for speculators to buy big. This has not happened.

This is the beginning.

The only thing this poster missed is that only a few of us know where and when its trading in the US. They are not finished restucturing yet so the shares will remain flat in HK until February.