Replies to post #30840 on Electronic Cigarettes International Group Ltd fka

[Joseph Knecht]

What people are countering is that if the A/S is raised to 330 million common shares and a 1:10 reverse split reduces the outstanding to 30 million or less, there would be 300 million or more shares authorized but unissued. That creates the potential for very significant dilution.

[theHALFMILE]

Except the statement being repeated ad nauseam is incorrect. When a R/S occurs, the A/S is unaffected, giving mgmt a whole lot of shares to dilute with.

Maybe we should ask ECIG - directly from today's def14a:


Pre-Reverse Stock Split
Authorized Shares
300,000,000
Issued Shares
246,398,668
Authorized but Unissued
53,601,332


Post-Reverse Stock Split
Authorized Shares
300,000,000
Issued Shares
24,639,867
Authorized but Unissued
275,360,133

Please explain why anybody would want this??

[onco]

once the control of the company is in the hands of pref shareholders they are free to raise the A/S..... .. ad nauseam....look at the forest not just the tree grasshopper