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So Yaniv does give a sh!t. Looking good
Easy Grinder reat idea but too expensive
they will never let that cat out of the bag----imo it is in the web or dvors clutches---but far enough from sec scrutiny to be looked at for now------tmonkey
When I invested in VPOR, I was not expecting to take money from company earnings in the form of dividends, I am looking for stock appreciation and sense the beginning of this company the management that is in control is afraid that the shareholders will grab the income before they do!..... [ This is not the first time for Vpor ]
Most small companies investors are looking for stock Appreciation and Growth, so why pull all the money's out and destroy the company?
Arbitrary salaries are not wise and should be planed a year in advance like all budget items.
I wonder what the accounting entry was to remove the officers compensation. Typically when you book an expense to the P&L, you Credit officer comp expense, and debit either cash or accounts payable. It doesn't look like the balance sheet changed at all so I'm curious how they just removed 1.2mm from the income statement without some sort of offsetting adjustment somewhere.
I wish this stock would kick into high gear already. It's been pretty much sideways for 6 months now. Holding since the beginning of the year... let's go $vpor!!!!
My strength has a big fat expiration sticker stamped on top, brother...that's all the time I have, and more than enough time for Yaniv and Co. to step up and explain who exactly is SF Holdings, LLC, and why am I invested in them?
Can't we just keep the train off the rails until next Wednesday when I'll be funded.
No doubt cash. Stay strong
Wouldn't be surprised if Yaniv removed the compensation from the fins. He knows he lost a bunch of people because of it, and wants to make sure this little tidbit of info doesn't sway the next wave of hopeful investors from buying in and thus cutting off his cash cow. Yaniv is a salesman, not a businessman, and would appear to continue to use EG as a means to get filthy rich while stepping on the people that helped get him and Dror to the position they are in currently. Dror exited to pursue other interests...yeah, the interest of avoiding another entanglement with the SEC would be my guess. Get in, get rich, get out, repeat.
That's a good start...
Salaries were removed, and now they show a smaller loss -- under a million.
JB, Goodi, Doc, Jsee, Rush, Mista, Green, HH, Wallnut, Pologq, Canadian, Gimpie -- thank you for your support.
Let's see if Yaniv and Co. is capable of showing a smidgen of appreciation for the rest of his base that have supported them for far too long without asking for much, and issues a PR explaining exactly what's going on.
C'mon Yaniv -- you're on the right track -- now prove to be a better man than the one you're replacing! ISSUE A FORWARD GUIDANCE and get this train back on track.
I will try as well, thanks.
Yaniv did tell me they have income from their wheelworks thingy, but since it has plateaued, there is no reason to disclose it. I think they're pocketing cash and not reporting it, as someone on this board expressed concerns about. I don't know - I get lost in the accounting numbers.
Not sure I look at it a bit later
Question is where did he move it to? Did he just bury it somewhere and/or call it a different name?
I think he read my email cause the financials were just revised late last night and they removed the compensation for the officers
Kudos cash, im being patient until next friday at the latest for a follow-up PR from Yaniv
Again, well said. We are allowed to be frustrated when we are so invested. And if Yanniv gives shit PR like usual and continues to get paid $1 million dollars as comp when liabilities and interest continue to be the same or grow, we need to move on eventually imo.
Exactly........ nothing has changed in the business model nor progress except unfounded expectations
Standing ovation!!!
Clap Clap Clap Clap.....
Spot On post Bro!!
Well said Cash.
We truly supports your explanation. You are true loyal support to VPOR.
Yaniv needs to brainstorming what to explain now.
Well said. We can still be invested and make our complaints. Has nothing to do with big boy pants. We will ride it out if we choose to but I can't fault people for leaving. Those compensations paid out are ridiculous cause that basically means they took money from stock and paid themselves. These guys are making sure they are paid well and the Balance Sheet looks like ass. I am trying to give the benefit of the doubt but Q3 will be my last financial. That debt is very very high and concerning.
Cash nice post just to give you a good laugh what do you do if in a PR they actually say the plane crashed or somone looted their plant LOL. I thought about oceans 13 for some reason when they send one of the guys to a Chinese plant to fix the dices.
Agreed, well done.
My first order was 11xx don't remember the exact number...
You're right, VPOR didn't string me along -- I take full responsibility for believing a bunch of bullshit fed on a silver spoon financed by my cash...my bad!
No offense but, the rest of your post is entirely too entrenched in excuses to parse.
We have no proof any of what they said is true. If you disagree then please, by all means, prove it!
Show me in Q-2 financials where a single Grinder was booked? Read my post -- for all the hulpla in the past few months, while you've been happy financing their debt and salaries, they delivered to you less than the previous quarter! If that was your expectation of progress -- then kudos for nailing that call!
Let's just for shits and giggles assume something terrible happened, and the plane carrying the Grinders went down in flames on the first run, and on the second run their "so-called" factory went on strike and looted of cash and goods -- as matter of fact those stolen Grinders is what's being sold on Amazon Prime, followed by a series of shipments being seized at customs... yeah, sure I might even be dumb enough to believe every word of it -- but where the f&%# is the F&%@ing PR explaining that? You seem perfectly content with a PR that was quoting what appeared to be a teenager explaining how "huge" his summer job is going to turn out.
If that's progress to you then you have a flawed definition of progress, and an even more flawed investment strategy that expects less than nothing in return, but heck...to each his own.
Yaniv can speak up anytime and prove me wrong -- release a detailed press release before Friday and have a heart to heart with his shareholders that have been carrying the load, or does he think so very little of his supporters to bother?
I've been trading for 10 years, and successfully trading VPOR since 2014...so I've seen it all when it comes to fantastic OTC pipe dreams, and especially where this crew is concerned. Folks here -- mostly all friends that have known me since then know that I've NEVER turned negative on VPOR despite many reasons to be throughout the years. My posts are there to examine, and you'll find that I'm speaking from a place of truth and honesty.
I managed to make decent cash on that dip-n-rip to be able to still hold a long position, but I bet a majority of folks here didn't have the same opportunity, so I'm stepping up to the plate while I'm still for the most part long and asking them to do the same, but no more of this wait till next quarter bullshit. Release a detailed PR explaining exactly where they failed and how they plan to recover, and answer some of those questions that were addressed in Canadian's Email...it's that simple! My patience expires next week, so if anyone is offended or thinks I'm being negative, then I apologize in advance for letting you all down... but I haven't even begun tearing this company apart that's held together by scotch tape and glue.
GLTA
Or.....it could be like when you go into a bank and open a checking account and they ask you-" What number would you like the number on your checks to begin at 1....100....1000 ....5000....10000....?" Probably more likely!
I'm sorry, there's paying yourself a salary to live while getting your company off the ground, then there's paying ypurself a huge sum of money to live an opulent lifestyle on the backs of shareholders. I'm all in another company that has all the same obstacles, yet has 1/10 of the O/S, revenues streaming in from all directions, no toxic or excessive debt, and a CEO that not only is extremely transparent, but pays himself the outrageous sum of 68k a year. Sorry buddy, you lose. Until proven otherwise this company and leadership is trash.
Cash: Don't give up on VPOR.
It may go down a while and shareholders like us got fooled by them. Inevitable this is part of their strategy to depress price down for further accumulation ahead.
In a nutshell, anything can happen overnight.
Cash you do a amazing job , DROR and YANIV will move
VPOR when they are ready, not before, OTC
Game and they love it.
Those that have been here back when Dror was CEO know he did the same, bled the shareholders dry!. Paid himself all profit from the business and left shareholders with the bag. Sadly I had high hopes with Yaniv and that was a huge blow knowing under $100k in the books and 1 million in the pocket. He busted his a$$ but Dror did the same dam thing! New CEO same stinky Pink. At this point waiting for the sales on the grinders is a HUGE gamble here IMHO and thats coming from someone still holding tens of millions of shares. Im with cash on this, trade with CAUTION here longs!!! VPOR
JSEE..I can't reply privately to your message but here you go...
True, VPOR does not sell Cannabis specific products that would be restricted by Schedule I classification or Federal Law restrictions , but simply because they sell products that are ancillary to the cannabis market, like CBD & vape products (which are also used for cannabis) and the EG, they are viewed as being in, or on the fringe of the MJ sector by many traditional funding sources and as such, very risky to do business with. I know that because I do business with a great many of those traditional sources and they wrestle with this topic every day.
Although some traditional sources of funding are legally available to VPOR, these same lending sources choose who to do business with, and so far they choose not to do business with a company like VPOR. That is why I said that VPOR is subject to the same financial burdens and obstacles now that companies in the MJ sector are.
On a positive front, because they are on the fringe... as political, public and investment sentiment changes to reflect the growing MJ sector and opportunities therein, VPOR could well be one of those companies that traditional investors turn to first.
They don't sell marijuana or any schedule 1 product. Period. None of those MJ sector arguments apply at all.
Cash..."I put myself out there because I believed their string-me-along sing-along, and they dropped the ball in every sense of the word!"
VPOR didn't string you along, you did that to yourself. You and others took any bit of info from Yaniv or Dror or others and interpreted it to mean whatever YOU wanted it to mean. As I said before, you and others view this sector and the companies in it the same way, and with the same tools that you would view Apple, MSFT, IBM, Amazon, etc. and you JUST CAN'T DO THAT! Pennies are so different in all respects that you do yourself a great disservice to even try to use the same investing strategies as you would with the big boys....and pennies in the MJ sector are even more different than every other penny sector.
Before anybody should ever consider investing in the MJ sector, you HAVE to understand that due to schedule I classification and Federal Law restrictions on cannabis, the entire way a company handles its' business has to be very creatively different financially because they have little to no access to the traditional funding sources that every other company in every other sector has. Since funding from banks, hedge funds, retirement or pension funds, etc. is relatively out-of-the-question, MJ sector companies have no choice but to raise capital to fund operations in any other way possible. This means through sale of stocks, both preferred and general, convertible debt, bartering goods or services, whatever it takes to keep the business running and hopefully growing. EGads man, when you are hamstrung out of the gate like that, just being in business for multiple years is an achievement, much less actually having multiple REAL products out in distribution and retail! So VPOR used revenues to pay it's officers and employees instead of putting it all to offset other expenses or pass it down to investors. Should they work for free? Would you?
You guys all get your panties in a bunch because the financials didn't meet YOUR expectations, or the company didn't do what YOU wanted them to do, but that's just extremely naive because your expectations are completely unrealistic!
Look CASH...I respect your past passion for this company and efforts on this board but if you expected something else, then it's all on you. If you had carefully followed this company since the SPLI days and saw what they did, how they did and have done things and recognized what they have (or have not) accomplished to date, then you might have other expectations. For example, given the obstacles in this MJ sector, IMO I fully expect that 95% of all companies are either scams or will fail. Out of the remaining 5% left, I expect that 3 of those 5% will never generate any significant revenues from actual/real product sales and 1 of those 5% will have viable products but will still fail for one reason or another.That leaves MAYBE just 1% of all companies in the MJ PENNY sector as companies that might just succeed despite all of the obstacles and handicaps they are burdened with.
IMO, VPOR is one of those companies in the remaining 2% and might, just might, be one of the 1% that make it because they HAVE good, viable products, good retail and distribution channels, good contacts with other players and most of all...growing sales! Are those sales reflected on these financials? NO, but the expenses are. Did I expect them to be? Expenses YES/Sales NO...Did I expect them to be very creative in how they used their resources? YES...did I expect their bottom line to show a company struggling to keep funding operations? YES...did I expect them to pay their officers, YES...did I expect them to pass revenues down to stockholders, NO...Do I expect them to tell the world everything they are doing or have done in PRs, Tweets, Instagrams or Facebook posts? NO (in fact it would greatly disappoint me if they did) Does VPOR owe me anything (this is for you too Engines)? YES, but ONLY the possibility that I will get a reasonable return on my investment at some point.
You know what my expectations are with VPOR? That every year they will do better and be more successful than they were the year or quarter before. That they will be doing whatever it takes to be in that last 1%...and I think they are trying hard to do just that. When I invested in this company, I used money that I could afford to lose in full if it was to be. Unlike my investments in those other companies I mentioned above...I treat this just like a lottery ticket. If I lose...oh well....If I win, it will be like hitting the Powerball.
As Ben Franklin once said, "it's far better to be pleasantly surprised that bitterly disappointed" so if you can follow that advice, you might not be so disappointed right now in VPOR. They are right where I thought they would be and headed in the right direction. Mark my words, Christmas WILL come early this year!
Cash you have done a great job for all of us... Whatever you decide to do I want you to know that we all appreciate it... God bless and good luck
No divorce for me. I am putting my faith in Yanic. Please consider "Yaniv" as your new spouse or 2nd wife.
Bad or good times, I will invest my money averaging down this new wife.
I've always loved ya Cash and related to you. Myself, like you was spending hours and a lot of posts on and from DD. THIS IS YOUR BEST POST YET.
We were all strung along. Lied to, disillusioned, fabricated numbers, false forcasting, debt to a company we never heard mention of until three days ago. Just to mention a few. And no PR explaining this. It's sad. And honestly gross. I was always in full support until the last month or so. I had a feeling something was not right then it was confirmed in the financials.
The only thing that will and can change my mind is a DETAILED TO THE BONE OR and a share buy back. They used our shares and money to fund and pay a mystery company.... without mentioning it?!!!!!!
Was the big surprise he supposedly said to AUDI this?????
Concomitantly, Cash have you sold out? I hope not brother, but we do need much more transparency from yaniv, and i beleive we will get it.
Completely agree Cash. Management has proved themselves to be completely corrupt and the SEC should be all over this. If I'm wrong Yaniv, then prove it pal.
Seriously? I was their biggest supporter and I put myself out there because I believed their string-me-along sing-along, and they dropped the ball in every sense of the word!
I don't know if you looked at those fins, but they actually generated less than the previous quarter, however somehow managed to pay themselves over a million dollars in salaries while buried in debt..... lmao.
In what world is that number acceptable from a company that announces they pre-sold 40k units, and they've generated couple million in sales?
In what universe is that follow-up PR acceptable in explaining their total and utter failure?
Yes, some shareholders did over-estimate sales despite some of us warning against high expectations, but my expectations were measly $200k from the $2M they estimated. That's expecting that they were capable of booking 10% of those early figures, which leads me to wonder whether that was all just more bullshit to string SH's along.
If FY17 will be "their best year" as the CEO proclaimed then that means at least $3M in sales for each of the next 2 quarters. If you believe that -- then I have a matchstick bridge to sell.
Let's see Yaniv start releasing some PR's starting this week to prove me wrong, and he can start by answering Canadian's email!
GLTA
To be honest what I would like to know the most (I've only been around since Jan 2017) is where does all this toxic debt come from. How can we have 1.6MM in debts with 110% accrued interest. Also with a company with no revenues how can they pay each other 1.18MM in compensations. I have to believe and up to date the only logical reason that there is a very high amount of revenues to compensate for that bad debt and owner compensations cause if not this company should have been bankrupt by now based on my analysis of this business.
I sold everything but a token amount of a few hundred thousand shares. The final straw other than a horrible Q2 financial was the gaul of these guys paying themselves an obscene amount of money with shareholders getting shafted. Really bad management from all angles. My concerns since the get go have been confirmed. Good luck to the remaining longs, especially Cash. I hope the best for you brother. You're the only one holding this board together with your DD.
Thank you for taking the time to put this together. Looking forward to the response.
So good, but a little naive like me
That is the best message to Yaniv - outlines all my concerns (and then some!). However, do NOT expect any useful response. I messaged Yaniv something similar, and his assistant's response to me was "thanks for the advice." Which was weird, because my message had questions. I even sent a follow-up email, and still no response.
I hate to say this, but the only way to get across to him is via an aggressive, borderline threatening manner. Threaten to escalate to SEC - he'll pay more attention. But for now, give him the time to respond - who knows. Maybe things have changed in how they respond to inquiries now that Dror is gone.
well done, on point in every respect, covered all the bases ~ company fell WAY short on its latest release and we need to hold their feet to the fire
Best post over the past 2 days
Well said...
Bravo! Well said!
Many of you have spent these past months wildly speculating about VPOR without any real knowledge of reality, and then when YOUR speculations are off the mark, you start with YOUR "sky is falling" diatribe. Put your big boy pants on and stop whining!
Any expectations that have not been met are not the company's fault, they are YOURS because they are YOUR expectations.
Some of you think you can analyze a penny stock company, especially one in the MJ sector, like you would a NASDAQ/NYSE/AMEX company but you can't! NOTHING is the same and none of the analytical tools you might normally use will work because this industry has almost no quality historical data to draw on, pennies like VPOR are non-reporting and subject to very different requirements, and all aspects of the sector are tremendously hindered by Federal laws.
Unlike MOST other penny stocks, VPOR has growing product sales across multiple REAL product lines: CBD, vapes, hover boards, advertising/mktg, grinders, simple corks. So Q2 didn't meet YOUR expectations...so Yaniv hasn't communicated what YOU want to hear...either lower your expectations or grow a pair and ride the tiger!
If you don't believe in what the company's doing, invest somewhere else!
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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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