Replies to post #79492 on Electronic Cigarettes International Group Ltd fka

[yeag1717]

i like the special run statement. speculative, to me, means high risk and potentially dangerous, risky, unsafe, uncertain, which is obviously the boat we are all sitting in right now. of course i'd be happy with $10. that's a little above my realistic target for this stock, given the controls/ forces against positive movement in the past 15 months, but that's not to say i haven't calculated the overall profit if it ever got there.

[trding]

IMO, couple things holding this down,
1) Uncertain legislation
2) Financials

I think 2 is the biggest reason, Dan and Phil are digging ECIG out of a big hole, 85M debt on the books last quarter, but the biggest issue is the 24M in convertible debt left before Dan took over. These loan companies using convertible debt are slim balls, shorting against the company, making tons of money on the backs of shareholders. I would not be surprised if these raids yerboss is talking about happens will be against some of these loan companies.
There should be around 20M left of convertible debt on the 10K, about 19.5M at .75 and .5M at .45 due in July and August 2016.

So, IMO, the floor of ECIG is .20, below that we should see great buying pressure, unless some unlikely bad news drops. This is also below the lowest conversion, price of .208. The ceiling in the next couple months, imo, is .45, and then .75 until that debt is resolved by August. Also, I am guessing since the last warrants was set at .25, one of those might have reset to .25. I am very curious to see the 10K. That is very good for a stock though, 10% downside, 300% upside, I would take that bet everyday. After August, with great 10Q, who knows how high this will go. I would recommend anyone long to get there average down below .45, that price imo has a very good chance of being in the money within a few months. Over a $1, could be this year, could be a couple years... depends on how the 20M debt this year is paid off, increasing revs, etc... all imo.

Also, SweepsMcGee, I believe hit that 10K time right, March 30th. It was a little confusing since the 10K is covering a time period when ECIG was an accelerated filer, but this quote from his article should clear it up.

Even though your public float is calculated as of the last business day of your most recently completed second fiscal quarter, your filer status doesn’t actually change until the end of your fiscal year. If your filer does change, then you must file your annual report, and all subsequent quarterly and annual reports, by the deadline for your new status.

[stayfocused]

Make it so number 1 :-)