Replies to post #82980 on Electronic Cigarettes International Group Ltd fka

[ANIA77]

There's no dilution here so I don't see a reason to sell now since there is supposed to be a big refinancing news in mid June.. company is already working on it and it's only a month away.. pps probably will start climbing up a week or so earlier in anticipation of news..
Also there's new IR that yet to show us if they can do better job here to attract buyers.. New CMO with huge experience hired last month (I actually added more ecig last month because of him). They realized that whatever they were doing worked great to cut expences greatly. Good job here but they needed changes to grow revenue (new CMO), bring awarness to investors (new IR), and refinancing to have debt with smaller interest (new CFO).. Dan is not sitting scratching his head what to do. He is doing his plan. Big changes in a work imo
I'm definitely not selling here and now and I don't think majority of longs will knowing that this could turn around next month..
Yes, I'm expecting drop because bid is going to be weak and MM will use it for sure but sometimes drop and shake is what pps needs to wake up and get new investors in when very attractive pps is available. . pps will recover for sure though and will get stronger the closer we get to June.
GLTA ECIG

[MasDinero]

Over the past two fiscal years, the Company has relied on debt and equity financings to fund its acquisitions and negative operating cash flows. As of March 31, 2016, convertible debt in the aggregate principal balance of $19,457,000 matures during the third quarter of 2016. If the market price of the Company’s common stock does NOT increase above the conversion prices that range between $0.45 and $0.75 per share, the conversion options will not be exercised by the holders and the Company will be required to seek additional financing to retire the debt or renegotiate an extended due date, of which there can be no assurance that either tactic will be successful. Even if the market price of the Company’s common stock is higher than the conversion price, there is no assurance that holders will convert which would require the Company to pay cash. On September 30, 2015, the Company entered into a Forbearance Agreement with a major term loan lender since the Company did not have adequate capital resources to satisfy the payment of $1,251,000 of accrued interest. As of April 1, 2016, the Company was delinquent in making an aggregate of $2,373,000 of interest payments on its outstanding debt. As a result of these and other factors, the Company’s capital resources may be insufficient to enable the execution of its global business plan in the near term. These and other conditions create ongoing substantial doubt about the Company’s ability to meet its financial obligations and to continue operating as a going concern in the normal course of business.