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was CUIN2

03/06/15 10:55 PM

#45570 RE: Bernie-UK #45569

The take away for me was Phinhead1972 took the initiative to try and get some information and share it with us.

We may not like or agree with the answers to the questions, but should at least be grateful to him for taking the time.

Deuce22

03/06/15 11:10 PM

#45577 RE: Bernie-UK #45569

For me it raised the possibility slightly that they may do a R/S and uplist asap. IF the 10K is great they may do it concurrent with the filing. What many seem to overlook is that even if they have to do a 20:1 and end up with 15 mil shares they can add whatever the market will bear to the re-ipo during the uplist.

They can offer another say 15 million shares at $4+ and raise $60 mil. That probably pays off all debts and gives them another $30 mil in cash, and its only 40% of the $150 mil they tried to re-ipo before.

YES we will get diluted by 50% but if the pps goes up 50% to $6 then we are whole on a debt free high growth company with $30 mil in the bank and the market cap would still be only $180 mil or 1X forward sales. The stock could just as easily go to $12 at a $360 mil valuation. That is the technology IPO model and it has been done hundreds of times for smaller companies than ECIG.

Dan O'Neil will think big and act big. That is why I'm trying to understand what it takes for them to get a quorum for the vote.

== All My Opinion ==