Replies to post #39686 on Electronic Cigarettes International Group Ltd fka

[MADDSTACKER]

Here you go brother..
The Company achieved the following progress in key areas:

An agreement has been reached with approximately 85% of the senior note holders to extend the length of their note by an additional 18 months, reduce the interest rate to 8%, affix their conversion price, and eliminate the ratchet provision on their warrants.
Existing investors agreed to provide short-term working capital to continue to fund the Company’s growth and operational requirements.
Sources for a larger infusion of long-term growth capital have been identified, and ECIG is working with these investors to structure an agreement that will allow the Company to proceed with its global expansion strategy.

[MarketCap]

Sorry, didn't see your question. I'll have to take a look at the current state of things. I'm assuming you're saying they maxed out the A/S already.
There was a way to prevent the next conversion but it cost something like $2mm if I recall correctly. Unless they've renegotiated those terms, which is another option.
I need to do some catching up on recent filings. I stopped paying attention when they confirmed my A/S R/S suspicions.
Which incidentally, I said in December isn't much of a vote, really. The A/S increase is inevitable. If they ever truly intend to uplist they'll have to R/S. The R/S is really the only thing to vote on, IMO.