Vapor crooks screwing shareholders once again. They will be able to sell up to 100 billion shares behind the scene bypassing normal stock trades. So while shareholders will be sitting on worthless shares that they can't sell, the Vapor crooks will be making millions $ selling billions of new shares in public offering. Just unbelievable.
From Form S-8, Feb 8,2017:
The selling stockholders (which includes our officers and directors) may offer for sale or sell the shares in varying amounts through public or private transactions at prevailing market prices or at privately negotiated prices. Sales may be made through brokers or to dealers, who are expected to receive customary commissions or discounts. The selling stockholders and participating brokers and dealers may be deemed to be “underwriters” within the meaning of the Securities Act of 1933, as amended, or the Securities Act, in which event any profit on the sale of shares by those selling stockholders and any commissions or discounts received by those brokers or dealers may be deemed to be underwriting compensation under the Securities Act. In addition, any securities covered by this reoffer prospectus which qualify for sale pursuant to Rule 144 may be sold under Rule 144 rather than pursuant to this reoffer prospectus. We will bear all expenses incurred in connection with this offering, other than discounts, concessions and commissions which are to be borne by the selling stockholders.
Glad I don't own this POS anymore. Sold last year when pps was .024 after the 1:70 R/S, but before the insane 1:20,000 killer R/S.
