Replies to post #53793 on Electronic Cigarettes International Group Ltd fka

[thelionwarrior]

I think its best to read exactly what it says and what ths company said. Reverse split coming by 3/24

[Penny_Madness]

StrategyTrader, How do you suppose the Warrants are going to be converted with the O/S and A/S maxed out? The R/S is happening.
125,000 million of the Warrants are Prepaid also.
See Below:
Warrants

The Warrants are exercisable for an aggregate of 226,562,239 shares of Common Stock. The Warrants are exercisable for a period of five years from the original issue date. The exercise price with respect to the Warrants is $0.03 per share. The exercise price for the Warrants is subject to adjustment upon certain events, such as stock splits, combinations, dividends, distributions, reclassifications, mergers or other corporate change. The number of Warrants is subject to increase if the number of Warrant shares issuable upon exercise of the Warrant is less than a stated percentage of the fully-diluted Common Stock and Common Stock equivalents of the Company as of the date of the Warrant. In the event the Company repays the 12% Convertible Notes in full by April 3, 2015, the number of Warrants shall automatically be reduced by 50%.

Prepaid Warrants

(iii) a prepaid $.03 warrant for 93,750,000 shares of Common Stock and a prepaid warrant for 31,250,000 shares of Common Stock (collectively, the “Prepaid Warrants”).