Replies to post #37196 on Electronic Cigarettes International Group Ltd fka

[BurningMan]

Going to NASDAQ this year ...

[christjamin]

To start, I am long ECIG.

I don't have answer to your questions, but my feelings tell me conversions indeed have occurred yesterday and today. The sharp drop has occurred early morning and has ceased. To me it cant be sorting only, rather conversion. I may be wrong though.
Why would anybody short this? Recall, only 15% of the debt has converted so far. 85% is being restructured. So if the company decides to pay with shares, then we will go much much lower.

Long and strong ECIG

[Bernie-UK]

1) How many people are watching this play from the sidelines? It is always IHUBs top 5 most read for months but yet we still have low volume even with last weeks move north.

Lots. I disagree that this is low volume though. It could be higher but $500K+ in volume is not low.

2)Why people would still try and short this stock?

Because they still have access to a small amount of conversions to back it up. They're not hitting as hard anymore though because they couldn't cover large positions.

3) Still looks as if MMs are trying to keep this stocks pps in this trading channel for reasons I don't know. Maybe because of R/S?

MMs always try and control stocks and keep them in a trading channel. Strong buying will break that as it has in the last few days.

4)Was today's drop in pps the company still converting?

It's the CDs converting not the company. Today was shorting backed up by small conversions imo.

5) Why investors think company will not R/S even when company said it has intentions of doing it.

The price at the time of the vote decides the level of the R/S if required at all

6) Do people really think their vote will change the outcome of the R/S.

That's like saying it's not worth voting for a President, votes always count