{"id":8276,"date":"2016-07-12T16:02:04","date_gmt":"2016-07-12T16:02:04","guid":{"rendered":"\/articles\/?p=8276"},"modified":"2016-07-12T16:14:38","modified_gmt":"2016-07-12T16:14:38","slug":"electronic-cigarettes-intl-group-ltd-otcmktsecig-corrects-before-the-weekend","status":"publish","type":"post","link":"\/articles\/electronic-cigarettes-intl-group-ltd-otcmktsecig-corrects-before-the-weekend\/","title":{"rendered":"Electronic Cigarettes Intl Group Ltd (OTCMKTS:ECIG) Corrects Before The Weekend"},"content":{"rendered":"<p>tags: ECIG <\/p>\n<p><img decoding=\"async\" style=\"color: #000000; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 11px; float: right;\" src=\"\/\/s.hotstocked.com\/hotstocked.com\/repository\/articles\/93\/93900\/ecig_6m_450x350.png\" border=\"0\" \/>Electronic Cigarettes Intl Group Ltd (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=ECIG\">ECIG<\/a>) rarely attracts a lot of investor attention and the daily volumes that it generates are rather small. The company suffered a big hit after it filed its financial report for the first quarter of the year and it did so while shares were flying left and right.<\/p>\n<p>&nbsp;<\/p>\n<p>This wasn&rsquo;t that surprising, considering the fact that <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=ECIG\">ECIG<\/a><\/strong> is in a quite tough position. The company is capable of generating impressive revenues, compared to other OTC entities, but the other numbers look quite terrifying.<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>cash: $950 thousand<\/li>\n<li>current assets: $10.1 million<\/li>\n<li>current liabilities: $108 million<\/li>\n<li>quarterly net sales: $11.7 million<\/li>\n<li>quarterly net loss: $20.4 million<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>As you can clearly see, the company has a massive amount of liabilities on its hands, a large portion of which consists of debt financing. The recent press release from the company suggests that it will be quite a lot of time until <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=ECIG\">ECIG<\/a><\/strong> clears its debt and it might be the reason for the drop in Friday&rsquo;s session.<\/p>\n<p>&nbsp;<\/p>\n<p>After a decent climb that pushed <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=ECIG\">ECIG<\/a><\/strong> well above the 20 cent per share mark we saw the ticker lose 8.33% of its value in Friday, closing at $0.195. The volume was well above the average, but the 418 thousand shares that changed their owners managed to generate only $81 thousand in trade value at those prices.<\/p>\n<p>&nbsp;<\/p>\n<p><strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=ECIG\">ECIG<\/a><\/strong> is still slipping today, so it would be for the best if you do your due diligence and weigh out the risks before putting any money on the line.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>tags: ECIG Electronic Cigarettes Intl Group Ltd (OTCMKTS:ECIG) rarely attracts a lot of investor attention and the daily volumes that it generates are rather small. The company suffered a big hit after it filed&#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":[],"class_list":["post-8276","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/8276","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=8276"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/8276\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=8276"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=8276"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=8276"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}