Wednesday, November 23, 2016 8:39:47 AM
A majority of what's on that list is settled, and some of which is from when the company was $SPLI going back to 2011 -- a good portion was previously reported as paid in SEC filings.
No question there's still debt that needs to be addressed -- this has always been my main concern, however it's somewhat reassuring that they recognize the burden on shareholders and have initiated a plan to consolidate to traditional loan terms -- which is evident by the decrease in number of shares issued since March (by 1/3rd of previous reports). I'd still like to see more details as we go forward, but I'm assuming it'll be addressed as we get closer to $VPOR spin-off from NewGen.
This whole merger is still fresh, and I'm treading cautiously and haven't decided to get back in yet (I might by Friday) -- but I personally witnessed the heavy dilution that was previously going on here and this pales in comparison, so I think maybe they're on the right track and I'm giving them a little room to make good on these promises
http://www.otcmarkets.com/stock/VPOR/news/Vapor-Group--Inc---VPOR--Reduces-Amount-of-Convertible-Debt?id=138960&b=y
.......CB
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