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Nice! you gotta lock that sh!t in when the gettin' is good and not get greedy. I know of a couple friends that despite good advice decided to hold and took minuscule gains on the way down. It's a great example of what VPOR can do -- even with 3-4b float...not a problem once catalysts start to fall inline.
GLTY
I did the exact opposite up 131% yesterday .. Come on VPOR!!!!!!!!
Oh how I can't wait for you penny oh you sweet penny, show you're self..
VPOR all the way up
Wednesdays have typically been news days! On high alert tomorrow!
If they bought ERB$, they won't have any money
after tomorrow, to buy back into $VPOR.
Did you sell VPOR and bought ERB$? We'll have a welcome back party for you tomorrow.
how many shares are we talking?
Someone got impatient today and dumped their shares. Oh well. We hate to see you go.
Agreed but leadership are allowing it to stay here and have for a while
Don't let the idiots get to u we are going to have a great run to a nickel. Watch and see.
All about patience and perseverance.
Many don't have patience...
$VPOR
Let me clarify why I am upset today: People are treating this stock like a joke, and it is not. This company has put a lot of time in to make Easy Grinder a successful product.
A lot of us have witnessed this for 5 months. Losing patience
Yup, longs that funded this project are getting robbed right now. Grats to those making money on this sad day. Longs, if it remains like this the whole week it will be time to pick up the phone on Monday... We have the right to be upset with what we are seeing this week.
What goes down will eventually goes up.
Ignore those short term price movement.
That too as well as just what their cash account shows as actual cash received on what they are shipping. Sorry the rambling but this is what I mean.
It is good to have A/R high cause that means sales are high BUT A/R should then lower as invoices get paid. As revenue goes up their A/R will go up but you want to see some in cash and not all in A/R cause that means they are not getting paid timely or even at all.
Big thing is we don't know their terms. Net 60 days on May shipments means it doesn't have to be paid till July which then goes to Q3 so A/R will be higher in Q2. In Q3 you expect all that A/R to show as paid and move to cash since it was due in July. Q3 should have lower A/R unless they have more sales (which we know they will). In that case the number will keep going up and up. But you want to compare the quarters and make sure what A/R went up by falls within the terms and not just a carry over of bad debt.
It becomes a cycle. Each quarterly report feeds off the next. You would have to see if revenue also went up to justify a higher A/R number in a future quarter or if it is just higher cause a lot of invoices owed are still outstanding.
To play devil's advocate all these sales are fine and dandy but without being paid by their distributors timely it can still be a problem. Hopefully terms are being adhered to.
Someone is making money everyday here. It's not us longs. Shorts and flippers paradise here. Makes me sick
To clarify your statement...
"Their cash might be low depending on the terms they give."
Are you talking about (just an example), if they pay within 15 days, they get 5%off, or if they pay within 30 days, they get 2% off? Something like that?
So the flipping continues, VPOR gets beat up another day... get lucky and try to buy up low shares today. (Sigh) another disappointing day ahead.
Correct, when you ship is when it hits the A/R account and subsequently the balance sheet. It is also when the revenue account is credited recognizing the sale. Their cash might be low depending on the terms they give.
Sorry, confusing myself. Just saying that if I understand accounting correctly, revenue is recognized when product is shipped. Payment is not relevant to the recognition of revenue. Sorry for any confusion from my prior post.
When they pay is not relevant (I don't think). When they are shipped would be the date to key on. Regardless, using the information you presented, the revenue would be recognized in the second quarter.
Those 40k sold were retail pre-sales not wholesale should show on financials IMO
I do not believe those 40K units will appear on 2nd Quarter financials.
If they were sold to wholesalers, then they were not invoiced until they were shipped. And they did not ship until May'ish. And quite often, wholesalers have 30 days to pay.
I'm starting to believe that 2nd Quarter financials will be abysmal. Yaniv needs to report quantities sold regardless of paid invoices.
If only I were in a position to control anything. You're in better hands that I'm not.
There is a great deal to be excited about. I am personally looking out to early 2018 when we have built some strong and positive up trends. I think the 2nd quarter results will be fantastic from what we have seen. All I was saying or reminding people was that a great deal of the sales activity, Amazon, new distribution, results of the trade shows, etc are all things that may not be reflected in these financials.
I've said it before; what would people be happy with to satisfy them that it was a successful quarter? 60 k, 80k, 100k grinders sold?
I agree that forward looking guidance will be helpful.
seems like a damage control statement to me. Getting investors prepped for a drop maybe to trips
I call that icing on the cake!
True, but doesn't stop them from making any forward-looking statements )sales from shows, 2017 estimates, etc.). We will see! Either way, us longs will have our day!
Let's not lose sight that the 2nd quarter financials will only show the 40,000 pre-sold grinders prior to the 5/31 product release and sales for the month of June. Lots of good things came after the close of that quarter.
Grinder back on Amazon as Prime with limited supply.
Nice, saturation time for Easy Grinder...
$VPOR GNR Just a Little...
Between the fins, Yaniv taking over, so many distributors and ASD show, something tells me this stock will explode with a slew of PRS
The next two weeks will give you an idea where the stock will move
Ask yourself how much would you pay to buy this company. Take away the bad debt from your example and if I understand correctly your figures are for 2 quarters therefore based on your example net income of the business is 10MM. How much would you pay for a company that profits 10MM a year? It doesn't end there a profitable company will then exploit there other products such as simple cork and whatever else. Next year they are doing 15MM net income after expenses. How much you valuation the company? 1 penny or 50MM valuation in the MMJ industry is not a ridiculous amount based on the revenue of 2017. I'm sure many people here will be happy with just a penny
Will this even go anywhere with news?
Let's say they sold 150,000 units. 150,000 x $50 = $7M. Minus $3M in debt = $4M. Minus overhead (china plant, employees, etc) = $2M??
Is that really anything to brag about for publicly traded company? Isn't this company over-valued as it is?
I'm doubting my previous hopes for this company.
No pain, No gain...
$VPOR
These days are grueling. Only good thing I was able to get some shares at 25.
So many paint trades throughout the day. This manipulation needs to end. RELEASE FINS
Other than the amendments filed with State, there's no other filings or changes on the corporate side at the state level. As far as the the public entity is concerned, any executive change would normally be reported on an 8-K, but that doesn't apply to VPOR since they're an alternative reporting co, therefore any changes would either be disclosed in the financials or in a separate news release.
I'm expecting an in-depth PR along with guidance.
Either a press release immediately before or together with guidance following Q-2 financials that's due on 8/15/17.
Agreed - think so as well. Another day like this might pay to get more shares.
I can only guess people are flipping shares today. No one in thier right mind would be selling today if they done thier research. Another day we wait while people treat this stock like a pump and dump. VPOR is much better than that.
Cash are you familiar if a 10K needs to be filed for change in ownership and how the terms of the buyout would be done. Want to know how Yaniv bought out Dror. Or if they just split companies etc. I think the other two I mentioned including Justin Biebers old bodyguard is a silent partner. But I want to know the terms of this change in ownership
The games continue so impossible to know
When they put out the financials where do you view it ?
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Easy Grinder™ Video Link here
On July 20, 2017, Yaniv Nahon, VP, COO and Secretary of the Company was appointed the new President & CEO and Treasurer of the Company, and Dror Svorai, former President & CEO of the Company resigned as an officer and director of the Company and each of its subsidiaries in order to pursue other interests. Simultaneously, Jorge Schcolnik, Chief Financial Officer of the Company was named a member of the Board of Directors of the Company and corporate Secretary.
Concomitantly on July 20, 2017, Dror Svorai entered into a stock purchase agreement with SF Holdings LLC, a privately-held investment company with which he is not affiliated, wherein he sold 100% of his Series A Preferred Stock to SF Holdings LLC and transferred voting control of the Company to SF Holdings LLC. Terms of the stock purchase agreement were not disclosed. Mr. Svorai agreed for an indeterminate amount of time to act as a consultant to the Company's management to smooth the transition.
On August 14, 2017, the Company posted on OTC Markets.com, its second quarter 2017 disclosure statement citing the above changes. The Company also posted its second quarter 2017 financial statements. Yaniv Nahon, current President & CEO of the Company, stated, "The financial statements as of June 30th don't reflect the huge sales gains of Easy Grinder™ to date that we have made since shipping and invoicing only began in early June, with product inventory arriving in multiple shipments throughout the month. So, the financial statements show only a few weeks of Easy Grinder™ sales results." He added, "You'll see a huge gain in our revenues in the third quarter report as Easy Grinder™ sales climbed upward. Also, we made significant sales gains from our attendance at the BIG Industry Show in New York City in August, and ASD Market Week and the CHAMPS Trade Show in Las Vegas in July. This is going to be a very good year."
Link to Press Release here
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