Replies to post #47346 on Electronic Cigarettes International Group Ltd fka

[theHALFMILE]

You should read that again, the attempt to increase Authorized Shares was REJECTED.

"The proposal to amend the Company’s Articles of Incorporation to increase the authorized shares of capital stock from 300 million to 350 million, of which 330 million would be classified as common stock and 20 million classified as preferred stock, received 55.0% of the votes cast, representing approximately 32.1% of the shares outstanding, which is less than the 50% threshold of the voting shares for the proposal, and was not approved."

[xxassaultxx]

As was not approved. Didn't get the votes required.....

[SINCERELY2]

That is NOT true! The A/S was not increased. imo

[amateurtrader]

The R/S is going to help us not screw us. Just saying.
And read carefully:
The proposal to amend the Company’s Articles of Incorporation to increase the authorized shares of capital stock from 300 million to 350 million, of which 330 million would be classified as common stock and 20 million classified as preferred stock, received 55.0% of the votes cast, representing approximately 32.1% of the shares outstanding, which is less than the 50% threshold of the voting shares for the proposal, and was not approved. The total vote was 79,090,556 shares (for) to 57,232,692 shares or 39.8% of the votes cast (against), with 7,437,566 shares or 5.2% of the votes cast abstaining.