I actually expected to see another increase in the o/s. Quite surprised that there wasn't one. This tells me the beating down and holding down today was entirely shorts (and some profit taking/panic) and not dilution at all, unlike the last week or two.
Excellent sign, if the o/s doesn't change tomorrow, either. It means ECIG management has blocked the conversions from continuing, which also means a debt restructuring is definitely in the works.