Replies to post #62140 on Electronic Cigarettes International Group Ltd fka

[modrica]

of course theyre proud of themselves as long as there are sukers buying their stock

imo

gl

mod

[Makin Millions]

Do you think the company gets money for each sell and buy? Lol

Also claytrader doesn't touch pennies... Options only

[phicour]

This is the time to get back in....


My best guess is that the toxic debt holders shorted the stock to oblivion then covered with shares they put on to the market. As far as how they did it, I don't know the specifics but I'm sure they have access to privileged trading activity where they can short stocks mercilessly.

The convertible price on the old toxic debt was 75% or 85% of the past 10 or 15 days average price. I don't remember exactly, but you can see how they have incentive to short it since the lower the price, the more shares they can get per dollar of convertible debt.

The new debt converts at 5 cents (75 cents post split) with 3 cent warrants (45 cents post split). We hit the bottom today and I expect the stock to move up from here. I remain biased to the upside because I think sales growth will be good for the next few quarters.