The dilution question still weighing heavy here, how much more of a hit can the stock take?

Quote:

Electronic Cigarettes Intl Group Ltd (OTCMKTS:ECIG) inked a deal for $26.6 million in working capital funding. The company issued convertible notes and warrants to purchase common shares to an undisclosed financier. The conversion of the notes will lead to more dilution of the stock. Shareholders of Electronic Cigarettes Intl Group have in the recent past clearly communicated their dislike for continued dilution of the stock. When Electronic Cigarettes Intl Group sought to increase its authorized shares, shareholders declined to approve the request.
In the latest funding deal, Electronic Cigarettes Intl Group Ltd (OTCMKTS:ECIG) issued nearly $14 million of convertible notes and nearly 226.6 million warrants with par value of $0.001 a share. Electronic Cigarettes Intl Group is set to tap $13 million in gross proceeds from the warrants offering.