Cig-a-like parent company close to ruin.

[djs]

You couldn't make this up...

(Already been removed from ECF (copyright violation; whoops, not me) and posted on UKV)

According to Reuters

E-cigarette brands 'parent company' Electronic Cigarettes International Group Ltd has postponed its public offering due to unfavorable market conditions.

Unfavourable market conditions... Too right.

So - "unfavourable" I thought I'd take a look. They want to raise $150M selling off shares in their cig-a-like empire which includes some of the least-loved and most useless products on the market, including VAPESTICK and VIP

Their share price is down 62% this year. They have lost another 6% ALREADY, TODAY, on the New York Stock Exchange.

Their revenue was quoted as $3.1M for 2013.
Their operating expenses were $12.2M
For last financial year they LOST $9.4M.

Shares which were valued at over $20 per share a year ago are now worth $3.70.

There is ZERO growth in this sector. There can only be a downward spiral of doom for the cig-a-like market.

.. and they are worried they won't raise $150M selling off new shares in the company...

Worried? Hell, they should run off to Bermuda..... tonight.

- - -

Could this be the end of VIP and Vapestick?

[VapingBad]

Shame (did the sarcasm come over properly?)

[djs]

Oct 27, 2014 18:21:19 GMT VapingBad said:

Shame (did the sarcasm come over properly?)

Oh yes..

So, you don't think they're going to get $150,000,000 from selling (more) shares when they decide the time is right?

[VapingBad]

Oct 27, 2014 18:25:57 GMT djs said:

Oct 27, 2014 18:21:19 GMT VapingBad said:

Shame (did the sarcasm come over properly?)

Oh yes..

So, you don't think they're going to get $150,000,000 from selling (more) shares when they decide the time is right?

Why not if they use the same counting system they use to claim how many cigarettes a carto equals.

[djs]

Oct 27, 2014 18:32:52 GMT VapingBad said:

Why not if they use the same counting system they use to claim how many cigarettes a carto equals.

Now, that is good.. !

[djs]

I am watching E.C.I.G. (pass the bucket, please...) live on the New York Stock Exchange.

about 1,000 shares have been offloaded in the last half hour.

oh, there goes another 1,500.

Whoa......

Down again...

DOOMED.

[gill2009]

 VapingBad...you bloody crack me up 

[VapingBad]

Oct 27, 2014 18:46:17 GMT gill2009 said:

 VapingBad...you bloody crack me up 

Sorry Gill I don't sell that stuff, but I'm sure you can fine a hoddy that can hook you up.

[VapingBad]

Oct 27, 2014 18:45:48 GMT djs said:

I am watching E.C.I.G. (pass the bucket, please...) live on the New York Stock Exchange.

about 1,000 shares have been offloaded in the last half hour.

oh, there goes another 1,500.

Whoa......

Down again...

DOOMED.

Rubber necker
Are you going to tango on their grave to?

[mybad]

Its whats known as going up in a puff of smoke.

[gill2009]

Oct 27, 2014 18:51:03 GMT VapingBad said:

Oct 27, 2014 18:46:17 GMT gill2009 said:

 VapingBad...you bloody crack me up 

Sorry Gill I don't sell that stuff, but I'm sure you can fine a hoddy that can hook you up.

                                                   

[djs]

Oct 27, 2014 18:52:28 GMT VapingBad said:

Are you going to tango on their grave too?

Not sure just now. Might phone a stock broker in New York in a bit and see what they say when I ask to buy 5,000 at $3.68.

---

isticks on hold until then...

[VapingBad]

*find not fine, bloody auto-almost-correct

[VapingBad]

Oct 27, 2014 18:56:06 GMT djs said:

Oct 27, 2014 18:52:28 GMT VapingBad said:

Are you going to tango on their grave too?

Not sure just now. Might phone a stock broker in New York in a bit and see what they say when I ask to buy 5,000 at $3.68.

---

isticks on hold until then...

You could get the share certificates printed on Andrex and turn them back it something useful.

[Bob]

Oct 27, 2014 18:56:06 GMT djs said:

Oct 27, 2014 18:52:28 GMT VapingBad said:

Are you going to tango on their grave too?

Not sure just now. Might phone a stock broker in New York in a bit and see what they say when I ask to buy 5,000 at $3.68.

---

isticks on hold until then...

Think i would wait until they are less than 10¢, the bigger question is when will the Big Tobacco and Pharma companies follow suit