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Re: vapork post# 4966

Tuesday, 09/01/2015 8:57:20 PM

Tuesday, September 01, 2015 8:57:20 PM

Post# of 61610
The units are one thing, the S-3 (S-3/A) filing is another.

If by some miracle VPCO is trading in dollars come January, dilution from the units won't be a problem. There is even the possibility the company could receive money from the warrants if it makes sense for holders to convert them by paying 1.24.

Regarding the S3, I just hope I'm missing something? It appears they are selling 5.6 million shares to line the pockets of management and institutional investors? It clearly states the company will receive no proceeds from the sale unless they also "choose" to exercise warrants. WTF?
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