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Re: Guelly post# 17553

Thursday, 08/18/2016 3:44:36 PM

Thursday, August 18, 2016 3:44:36 PM

Post# of 61870
Raising the A/S to 750B was only done to keep the warrant holders from suing Vapor. That's because Vapor is required to pay the cash value of the warrants only if they cannot convert to shares. Now that they have raised the A/S, all of the warrant holders are able to convert if they wish and Vapor is not obligated to pay a single penny now. As long as the warrant holders continue to hold, this stock can't go anywhere, because there is no way and not enough investors out there to buy even one tenth of the 750B shares if converted, so I would say only about the first 10% who convert might have a chance to sell. But most likely Vapor will just keep doing R/S until all of the warrant holders have converted or until the warrants expire in 2020.

Yes, Vapor is triple toast.
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