Replies to post #43628 on Electronic Cigarettes International Group Ltd fka

[chrisduo]

Exactly. Management does believe this is worth more than a nickel. Facts!

[yerboss]

I posted over a week ago that the prices would be a nickle. It was done at market when the stock was trading at a nickle so that was the market price.

People bashed me for predicting that but today proves me right. I fully expected this and have been a buyer all the way. Will buy more on dips too!

[tbone8]

In my humble opinion the conversion price does not matter, because this note and all other shorter term convertible notes will be paid off before they ever get a chance to convert. They had to give them some favorable terms in consideration of a convertible note signed when there are shares available to convert. Very interesting that a lender agreed to a convertible note under these circumstances. Never seen this before and I doubt anyone else has either. This should tell you something. I believe longer term financing is ready to go (as soon as the R/S is voted in) to pay off all short term convertible debt. I also believe it is a key goal of the new management to make sure no convertible shares ever hit market again.

[$mart_Dinero]

GO ahead and read the PR. IT was agreed upon the 26th of February. The price of the stock was around . The PPS was around .10 or so. We had the highest volume to date and came out of nowhere. They are not cutting their own PPS by as much as you think. THey are borrowing money and the person lending does need some incentive to just hand away millions of dollars.


"On February 26, 2015, Electronic Cigarettes International Group, Ltd. (the “Company”), entered into a securities purchase agreement (the “Securities Purchase Agreement”) with an accredited investor (the “Purchaser”), pursuant to which the Company agreed to issue and the Purchaser agreed to purchase, (i) 5% Original Issue Discount Convertible Promissory Notes (the “12% Convertible Notes”) and (2) warrants (the “Warrants”) to purchase shares of the Company’s common stock, par value $0.001 per share (the “Common Stock”). Pursuant to the Securities Purchase Agreement, the Company issued to the Purchaser (i) $3,157,895 principal amount of 12% Convertible Notes and (ii) 28,456,257 Warrants (the “Warrant Shares”) for gross proceeds to the Company of $3,000,000, before deducting expenses"