{"id":6426,"date":"2015-07-31T14:14:41","date_gmt":"2015-07-31T14:14:41","guid":{"rendered":"\/?p=6426"},"modified":"2015-07-31T14:39:42","modified_gmt":"2015-07-31T14:39:42","slug":"electronic-cigarettes-intl-group-ltd-otcmktsecig-explodes-on-heavy-volume","status":"publish","type":"post","link":"\/articles\/electronic-cigarettes-intl-group-ltd-otcmktsecig-explodes-on-heavy-volume\/","title":{"rendered":"Electronic Cigarettes Intl Group LTD (OTCMKTS:ECIG) Explodes On Heavy Volume"},"content":{"rendered":"\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"\/\/s.hotstocked.com\/hotstocked.com\/repository\/articles\/90\/90898\/fasdfdsa.png\" border=\"0\" width=\"438\" height=\"195\" \/>Electronic Cigarettes Intl Group LTD (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=ECIG\">ECIG<\/a>) had registered massive jumps in five consecutive sessions, before exploding into action and up the charts once more yesterday, on a heavy dollar volume. <\/p>\n<p>This turn of events is a bit confusing &ndash; why was interest in the company suddenly re-kindled? How did the ticker manage to retain its momentum, in spite of the drastic change in investor activity? Why are investors once more enthusiastic about <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=ECIG\">ECIG<\/a><\/strong>, in spite of the fact that it hasn&#8217;t really done anything to remedy its biggest and most obvious shortcomings?<\/p>\n<p>Unfortunately, there is no easy answer to any of those questions. What there is, is a certainty that the company&#8217;s financial situation is still horrendous:<\/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>True, the funding injection of $41 million that was to be used to clear some of its toxic debt was to leave <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=ECIG\">ECIG<\/a> <\/strong>in a better position, but there is no real way to tell if said non-dilutive funding has actually done the company&#8217;s share structure any good.<\/p>\n<p>And the last glance we were allowed of it didn&#8217;t paint a pretty picture. Suffice it to say that between March 24, 2015, when <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=ECIG\">ECIG<\/a> <\/strong>performed a 15-for-1 reverse split, and May 15, which is the last time it announced its outstanding share count, <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=ECIG\">ECIG<\/a>&#8216;s <\/strong>shares outstanding had grown from about 20 million to more than 70 million.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: left;\" src=\"\/\/s.hotstocked.com\/hotstocked.com\/repository\/articles\/90\/90898\/fsa.png\" border=\"0\" width=\"200\" height=\"42\" \/>Investors should really take this information into account when making up their minds about <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=ECIG\">ECIG<\/a> <\/strong>stock. Failing to evaluate it correctly may well result in horrendous errors in judgment and the losses that always accompany such mistake can be staggering.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Electronic Cigarettes Intl Group LTD (OTCMKTS:ECIG) had registered massive jumps in five consecutive sessions, before exploding into action and up the charts once more yesterday, on a heavy dollar volume. This turn of events&#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-6426","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\/6426","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=6426"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/6426\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=6426"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=6426"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=6426"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}