{"id":5838,"date":"2015-06-02T15:15:20","date_gmt":"2015-06-02T15:15:20","guid":{"rendered":"\/?p=5838"},"modified":"2015-06-02T15:39:26","modified_gmt":"2015-06-02T15:39:26","slug":"is-electronic-cigarettes-intl-group-ltd-otcmktsecigs-bounce-going-to-last","status":"publish","type":"post","link":"\/articles\/is-electronic-cigarettes-intl-group-ltd-otcmktsecigs-bounce-going-to-last\/","title":{"rendered":"Is Electronic Cigarettes Intl Group Ltd (OTCMKTS:ECIG)&#8217;s Bounce Going To Last"},"content":{"rendered":"\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"\/\/s.hotstocked.com\/hotstocked.com\/repository\/articles\/90\/90300\/fsafsa.png\" border=\"0\" width=\"440\" height=\"196\" \/>Today&#8217;s green opening seems to have given Electronic Cigarettes Intl Group Ltd (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=ECIG\">ECIG<\/a>) enthusiasts high hopes that the ticker is headed for a lasting recovery, but is that really possible? <\/p>\n<p>Let&#8217;s just say that one look at the figures that <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=ECIG\">ECIG<\/a> <\/strong>gave in its latest financial report presents a picture that can easily be called horrifying:<\/p>\n<ul>\n<li>Cash &#8211; $1 million<\/li>\n<li>current assets &#8211; $12.7 million<\/li>\n<li>current liabilities &#8211; $183 million<\/li>\n<li>revenues &#8211; $11.1 million<\/li>\n<li>net loss &#8211; $67.5 million<\/li>\n<\/ul>\n<p>The company&#8217;s share structure is an even more grim sight. Things were so bad that <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=ECIG\">ECIG<\/a> <\/strong>had to enter into a loan agreement for over $41 million just to pay off some debt before said convertibles could crush the company&#8217;s market value completely.<\/p>\n<p>The rain of dilution in the wake of <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=ECIG\">ECIG<\/a>&#8216;s <\/strong>failure to up-list to NASDAQ pushed share prices so low that the company was forced to perform a 1-for-15 reverse split on March 24. In the wake of the split, the company had approximately 20 million shares outstanding.<\/p>\n<p>The fact that <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=ECIG\">ECIG<\/a> <\/strong>had 70 million shares outstanding as of May 19 should be indicative enough of the danger that <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=ECIG\">ECIG<\/a> <\/strong>investors face if they decide to commit to this company&#8217;s stock.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: left;\" src=\"\/\/s.hotstocked.com\/hotstocked.com\/repository\/articles\/90\/90300\/fasdfsafas.png\" border=\"0\" width=\"200\" height=\"42\" \/><span style=\"color: #ff0000;\"><strong>Long story short<\/strong><\/span> &ndash; there are still too many factors pulling <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=ECIG\">ECIG<\/a> <\/strong>stock prices down, that may fling the ticker to the very bottom of the charts at any moment. With this in mind, let the buyer be ware.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Today&#8217;s green opening seems to have given Electronic Cigarettes Intl Group Ltd (OTCMKTS:ECIG) enthusiasts high hopes that the ticker is headed for a lasting recovery, but is that really possible? Let&#8217;s just say that&#46;&#46;&#46;<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1114],"class_list":["post-5838","post","type-post","status-publish","format-standard","hentry","category-news","tag-ecig"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/5838","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=5838"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/5838\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=5838"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=5838"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=5838"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}