Replies to post #47417 on Electronic Cigarettes International Group Ltd fka

[SweepsMcGee]

No preferred shares (as a result of the A/S proposal being voted down) is a big win for the shareholders! After the R/S, company is in a much better position to prevent a hostile takeover (as majority of shares would be locked in the treasury as authorized). The company then keeps an eye on shares issued as outstanding so as not to potentially give away a 50% or higher stake in the company.