Replies to post #53808 on Electronic Cigarettes International Group Ltd fka

[thelionwarrior]

Not until after the r/s and we see how much damage the company does to shareholders. This institution will be dumping shares to get some of their money back. With over 100 million shares to dump, this thing could tank the first day after the r/s before they build it back up to try and dump more. Just think.... what would you do if you were them?

[2times2]

We all know that a good entry price is relativ: I for my part (though hesitantly) added another 25k shares (to a total of 375k) at 0.13 yesterday and I definitely know the whole history of this stock. Most shares I got in the 0.03s and low 0.04s...and yet adding (or opening for others) little positions now as before brings superb chances, with little risk.

[INTL]

Some people may play the 200 ma that we are testing today. Others might play the convergence of the 200 ma and 50 ma which is getting pretty close. Unless something colossal happens in the next few days, I would wait until after the reverse split and earnings. I have seen lots of stocks with strong earnings tank hard. Holding into earnings is always a gamble (50% chance of seeing a rise in pps even with a good report.) Holding into a reverse split and the odds of appreciation of pps are very small. The shorts covering pre reverse split could cause a spike but the market makers have a stranglehold on this stock and will probably take the reigns and do what they like. Its going to get wild!

[Big_Mike]

bjdev, can you interpret this for me? I believe it is saying that the company needs 200% of the shares of the agreement. Would these help to see what they may set the R/S at with all the numbers you crunched?

See below:

"If, on any date, the number of authorized but unissued (and otherwise unreserved) shares of Common Stock is less than 200% of the Required Minimum on such date, then the Board of Directors shall use commercially reasonable efforts to amend the Company’s certificate or articles of incorporation to increase the number of authorized but unissued shares of Common Stock so that at least 200% of the Required Minimum shares of Common Stock are available for issuance upon conversion of this Note and payment of interest on this Note at such time at such time, as soon as possible and in any event not later than the 75th day after such date."

Thanks in advance.