Replies to post #44273 on Electronic Cigarettes International Group Ltd fka

[Meztic]

bingo!! if posted that during the run it would have been deleted. I tried warning people, I got chewed up. O well, their fault .

[theHALFMILE]

It was previously toxic debt, so in order to help alleviate the crushing nature of that they needed to sell it out under better terms. The convertible price is a more accurate judge than the par value of $.001

This is a bridge loan, plain and simple. The past CFO dug ECIG a deep hole of toxic convertible debt and this is part of the way you dig yourself out of that.