Hey man - ok this is my take on it but not really sure what is happening to be honest. Would love to hear other opinions and feel free to correct me.
It seemed for the first part of the year there was a ton of short interest holding the stock down. The price was extremely stable and channeling between .32 and .42. That's when I was loading shares. Throughout Q1 there were a couple seriously odd moments on L2 but for the most part was stable.
I was looking forward to the promo and also the quarterly earnings report which I suspected would show strong sales. On the fins: I didn't think the numbers were stellar. Some people posted that VPRB crushed it. Maybe I wasn't looking at the right stuff or missing assets or something but the numbers seemed aight but not crushing it.
There was a huge pop in volume on the news of the fins and buyers came in. Interesting that day the share price did not move. It was a huge volume day and closed flat if I recall. That to me should have been the sign to exit, but I didn't. I noticed there was a new MM that day: WEBD who is a known dilutor. Also the float had increased from 5M in the Q1 to 6M at that time to now around 7M.
Shorters took advantage of the dilution and stacked the ask from .42 down to single digits over the last couple months as you all know. There was one day in May or June where the price jumped back to the .40s. I exited that day. Overall i did great on VPRB and am happy to be out with a profit. That spike was just one day and now we're back to single digits. In my opinion that spike was caused by one of two things: 1) A short covering a large position. or 2) Kevin Frija's insider buy which was registered on a Form4 in May.
Another recent negative event is the raise in the AS to 99B. I have to rub my eyes when I see that because I'm not sure if I'm seeing the right number of zeros. That AS suggests it has further dilution coming but no idea really with the OS still at 51M. I pasted the recent s/s from OTC Markets below which claimed to be approved by the TA as of Aug 7.
so... tl;dr: they diluted the sh*t out of it. But really its hard to say if the problem is too much dilution or not enough buy interest.
I'm sure there's a more finessed overview that can be given here - i have zero knowledge of insider activity. Would love more info here if anyone has it. Also, I'm not out to point fingers or cry over spilled milk.
Its just another day in PennyLand....
VPRB Security Details
Share Structure
Market Value1 $2,880,006 a/o Aug 10, 2017
Authorized Shares 99,000,000,000 a/o Aug 07, 2017
Outstanding Shares 51,891,998 a/o Aug 07, 2017
-Restricted 41,679,153 a/o Aug 07, 2017
-Unrestricted 10,212,845 a/o Aug 07, 2017
Held at DTC 8,946,607 a/o Aug 07, 2017
Float 6,996,564 a/o Mar 17, 2017
Par Value 0.001
There is one thing that seems very interesting to me upcoming. The float is at 7M. At some point it will reach the ceiling in the unrestricted shares at 10,212,845. At that point it will be only short interest and no further dilution and the stock, with a float of 10.2M should be capable of making a very nice run back to $1. I will be watching for that potential run. The potentially can continue to dilute and increase the OS so will have to watch carefully.
GL mein bruhs....
AI
