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Nice post Cash. I hope they are reading this and writing their PR as G oil is predicting. I can see the PPS dropping as more and more will want to sell if they do not address the concerns of the shareholders
Damn. This is the best post in a while. Address these in a PR by Friday or im cashing out my 5M shares and never looking back
EZ Grinder... orders... revenues... trade shows... repeat, repeat, repeat... aaaaannd *poof* it's gone !!!
really glad I only put $500 into this... deceived !!!
I am going into hibernation for the next couple months.
I'm just going to stop looking and hope something comes out for 3rd Quarter, and that everything has been on the up-and-up, and Vapor will receive direct profits from EG sales, etc. I mean, Dror is already watched under a microscope - I can't imagine they'd intentionally act in an underhanded fashion.
I am long, 100% of my portfolio, and sticking it out. If things do not go as planned, and Q3 is not what Yaniv promised, then I will go to the SEC, however useless that will be.
Per post 102222 May 2nd, I was concerned regarding Dror and his shady past and remembered well the backlash I received on how that was in the past, he's changed etc etc. These guts are dirty, that much is clear. How dirty, it's still unclear, but I'm willing to bet really dirty. I'm glad I only have a token amount of shares in this thing. For those you have alot invested here, this week may very well be the nail in the coffin if we don't get a perfect PR answering many questions we all have. Good luck to all, but I sense this is a sinking ship...and there are only so many lifeboats to go around. Dror and Yaniv have their's...how about you??
Maybe there have been EZ pre-orders to the tune of 10,000,000 making this $1,200,000 salary relevant??
Yes
There is a lot of unknown here
I hope things will get sorted soon
Riddle me this Batman: If we have only had an interest in the distribution of the Easy Grinder, why would Yaniv have been compelled to go to China to buy/build additional manufacturing capacity? Sounds like that would be out of his duties as the "head" of distribution.
Unless a miracle of ethics and human decency is achieved this week prepare for triple zero's < .0009 (less than) for the rest of the month. D= Don't look at the SMA it is not a good tool to use with these circumstances.
Yes, I understand NewGen is out of the picture. I was addressing Bill's question of what we have left?
We dont own ez grinder. Then what do we own and for how long. Rights to distribute? Cant that change. We own nothing?
The point was I'm still waiting on the Div.
Thank you for your incite. I try to learn from everyone I can.
We can only apply our best judgement to arrive at a logical conclusion based on the facts.
With this new set of facts it's natural to assume everything is shady.
I believe they'll roll in the cork... and Yaniv will be replaced by the next CEO to take the spotlight. The question is do they want to send this to trips by holding back on news, or will we see some major update next week? If it's the former, then this is straight out of Dror's playbook.
If we are to deduce from those financials that the grinder has run its course and Dror owns all Easy Grinder rights, then naturally they'd want to squeeze the last bit out and roll in the next shiny object ala Cork to distract from any Q-3 disappointments.
Legit or just a front -- makes no difference, and who knows since Company won't say, and FL SOS shows no proof there's been any shares transferred to SF...but what if there's a brand new management team stepping in and looking for an equity interest -- after all they just bought the controlling block and obviously they're not in this out of the goodness of their heart.
Does this mean either issuing new shares and blowing up the OS even more and maxing AS... or will they restructure SS with a RS....just as Dror and Yaniv's billions of preferred shares come off restriction in October? I think they should hand over their preferred shares.
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Let's see that Guidance Yaniv.
It's almost 7 days since that disastrous report and any legit company that wasn't solely interested in a PnD maneuver would've followed up immediately with forward guidance.
Here's some questions for you and Dror to spin into your next web...
___Tell us who SF is and who's shares are investors holding/buying...are we selling fidgets and emoji pillows?___
____Tell us who the new CEO will be?___
___Tell us who the management team is for SF, and how many shares are they being issued?___
___Tell us why VPOR doesn't own Easy Grinder?___
___Tell us that you will be locking up all preferred shares for 1 year (from your ol' playbook), or canceling them to reduce OS, or issuing them to new management with lock-up provisions ___
___Tell us you won't take another dime of toxic debt and you won't issue another single share for conversion. NOT 1! You already went back on your word once from earlier this year.___
___Tell us there are no plans for a RS for a period of at least one year___
___Tell us if the certificate at the transfer agent for 850 million shares is paying off ALL the debt...according to fins it was issued for debt conversion, but most importantly when will they be selling those shares?___
___You blew up the OS by a billion shares when you said you had no intention of further dilution.___
___You said you sold 40k units -- distributer with 7k stores -- another in Amsterdam, factory in China, and booked $2M in sales at the beginning of the year, yet months later we have yet to see any proof or a dime of those sales___
___You said you were paying off your liens, but got more slapped on top.___
___________So tell us... why in the heck should we believe a single word of what you have to say?____________
I'm sure I can come up with a couple dozen more concerns but I don't want to fry the spin machine.
Wait for the next bounce that gets you close to your buy in price and get out. That's how I do it bro. Sorry. It sucks. But that's how it works.
My man. I don't know how long you been pulling on the OTC. But there are plenty out there with products. Or claiming product. That's what happened here. They claimed the product only to show in the flip side that the product wasn't owned by the company that you invested in. Woops... We forgot to mention that the guy that owns the rights is fixing to leave. Our bad.
Can someone post the list of questions that was sent to Yaniv again? I cant seem to find them. Thank you.
Correct. I found that out on in April.
With real products we can buy? I find that promising. How other stocks that are only based on speculation have higher PPS baffles me.
Gotta love it!!! But seriously. It's OTC. What did ya expect? I'm still holding my shares. Small as it may be. But that's all I buy into to start with. 100000 here... 500000 there. What's the actual percentage of a pink slip shooting to the sky?
post 102194 ...newgens website is gone they don't exist anymore. They're an archived record only now. Please read "The Stewy's" post.
No merger with NewGen Concepts. They
are out of the picture.
That is about where I am at. EZ Grinder Inc. is Dror's. The company mapping has a direct 1 arrow that goes to his name and his name only. With Dror stepping down we didn't get clarity of what and will happen with the Easy Grinders that Yaniv and team have been out promoting and selling. At this time EZ grinder inc. is still part of VPOR and no spin off announcements have been made or publicly made.
If I want to really fire a shot across the bow, we can speculate Yaniv taking control of VPOR was a stipulation of Dror for the team to go out and sell his easy grinders and throw him all the money. The Q2 Financials almost support this sad speculation. Money is not accounted for on the amended Q2 Financials on Friday. That is now public record and this can be seen and verified. Where did the money go?
We are left with crazy speculations at the moment and this should never be the case. VPOR you have an outstanding product in the Easy Grinder. The bubble maps of everything that is VPOR was even larger than I anticipated. What other company/companies is bringing the rest of company down? Are we eating another full start up cost with Simple Cork. If so, that is not so bad if it was addressed and documented properly to shareholders.
Yes, I went a little sideways on speculation. Just straight talk us in a heart felt address to shareholders that honestly believe in this company. Q2 Financials and disclosure statements were handled with a "F" grade. It is unacceptable. Was VPOR kicking so much Butt with EZ Grinder INC. and Dror's product so much that other peoples responsibilities in the company were ignored to make more sales? Honestly that is a good problem to have, but whew!!! the copy paste of the Financials was very very bad...
On one hand we own the licensing for cork related "stuff". On the other hand, previous PR indicated a Total Vapor spin off, among others. With Dror's departure it certainly isn't clear (to me) where we stand, but it appears grinder revenue may be limited to distribution.
Under the terms of the Merger, NewGen Concepts will immediately explore the spin-off of each of Vapor Group's subsidiaries as an independent, publicly-traded company, wherein the first spin-off would occur in early 2017 by a share dividend to existing shareholders of record on a given date of ownership.
Still waiting on this part to happen...
Bill this is how I see it going down... Ez G was not brought into VPOR on the purpose to keep it simple, The merger had to happen first for simple cork get backdror <--- listing. Total vapor will be spun off first, I think that was in PR somewhere. This is where it will become its own entity.. thats when Dror and Y will make their merger again into EG. and become whole again. Simple cork goes their way and total vapor goes theirs. We are hooked into both, who knows what SF will do on their end...
We dont own ez grinder. Then what do we own and for how long. Rights to distribute? Cant that change. We own nothing?
Chill folks. No reason to get the pitchforks and torches out yet. You got on the ride... So ride it!
I'm with you there. PR this week.
Mostly feeling, but other reasons also. I
prefer not to disclose those.
In the past, when issues like this cropped up, even Dror would issue a letter to shareholders addressing the concerns. Yaniv has been more responsive and open to shareholders so I think that he will let us know rather quickly. GLTA $VPOR
I will direct you to sticky post 102177. I have the US patent office paper work PDF for Simple Cork listed. really neat stuff if you never saw the Patent office paperwork. It is very detailed of the product. You are very welcome in advanced. Also I have mapped out every major person and company listed with VPOR in that post.
Any patents or large partnerships?
Hey G, just curious, why do you assume so? Based on a conversation you had with Yaniv or a feeling?
There will be one out this week. Probably
tomorrow. $VPOR
Since SF holdings is the new name to deal with. I did dig this up from the eCommerce down in Florida.
Newgen Concepts, Inc. Overview
Newgen Concepts, Inc. filed as a Domestic for Profit Corporation in the State of Florida and is no longer active. This corporate entity was filed approximately one year ago on Friday, July 15, 2016 as recorded in documents filed with Florida Department of State. There are several officers known to have been associated with this organization at one point.
Name
Dror Svorai -President and Director
Arik Cohen - Director and Secretary
Avi Simhon - Director and Vice President
Yaniv Nahon - Vice President
Asaf Cohen - Vice President
(Looks like the Vice president position was a revolving door)
link for reference (it is not what I know, but what I can prove)- https://www.corporationwiki.com/p/2s5d25/newgen-concepts-inc
Mr. Yaniv, please write a letter to shareholders explaining what the hell is going on and what the vision and forward outlook for this company is. Thank you in advance.
I'm waiting for him to respond to a second and third email. I'll give benefit of the doubt he is busy with the trade show they are at. I wouldn't be surprised if he does answer later on at the end of the week. I prefer letting him know that we shareholders are not here to bash him. Were here to help him. I wouldn't be suprised my email is what made them review their financials.
Dear Mr. Bernstein,
Please make a call and straighten out this mess.
Thanks
slow poke
Since you at least caught Yaniv's attention with your email, I would recommend responding with how you understand if most items cannot be discussed to a specific individual, but that he please explains in a PR ASAP. Because you're right - many items can be (and should be) explained now...like the new shareholder, financials, etc.
Regarding your first question; their $1.2M salary was supposed to be booked last quarter, so ultimately yes, there's a possibility it shows up on any one of the next 2 quarterlies for FY17. Besides Yaniv's salary It should however only cover partial year for Dror and whatever their arrangement is with Jorge.
2nd question -- anything is possible, but the information available on SF Holdings in the public domain doesn't tie those particular companies to any of those industries, however I believe they'll tie it in.
What still baffles me is how come we are still asking all these "what if" questions? I don't understand why not at the minimum he could not share with me what is the vision of the company. That's the first question all owners or CEOs should be answering to the shareholders. Too many shady things are starting to bother me about this company.
Question is -- is all of this another Dror Svorai heist?
Regardless that VPOR is not an SEC company, they've failed in their fiduciary duties to their shareholders! We are lost!
According to that PR, SF is in charge of the voting block and all the subsidiaries. We own SF shares -- Does anyone know what exactly will we be invested in?
This goes back to the question that "Thekingof" asked me couple days ago. So, I spent a few days thinking about his question as to what does all this mean, and needed to do some reasoning with the current scenario since our train has effectively come off the rails, and reassess what could be in store. Since the new CEO doesn't seem to want to communicate, then I'm left having to rely on past experience with this crew to try to reasonably parse the current trajectory.
One thing we know for sure is as far as Easy Grinder is concerned... it is owned by Dror's private company EZ Grinder and May in fact have a very limited shelf life left with SF Holdings. Or, will remain, but Dror will continue to siphon cash and be paid handsomely in royalties just to fulfill whatever contracts they were able to land.
Let's not forget they have changed identities 4 times in the past 9 months alone...
Vapor group to - Newgen Concepts - back to Vapor Group - now to SF Holdings.
This is why I asked last week if anyone was at all curious who SF Holding is, and what exactly is their line of work. For all we know their interest don't align at all with the current business model and we could be buried to our eyeballs in fidgets and emoji pillows. Does anyone know for sure if they plan on keeping any of these segments? I sure as heck don't, but I can speculate.
Is anyone wondering why they haven't filed an amendment to articles of incorporation with the state of Florida? Wheres proof that SF holds those preferred shares?
Things Id like to mention....First, listing salary for the year, does that mean none should be listed on next Q fins? Second, could SF Holdings have more to offer than just money, lets say strong connections within the Wine, MMJ and or RX sectors....
Authorized Shares 8,000,000,000 a/o Jul 31, 2017
Outstanding Shares 5,073,788,021 a/o Jul 31, 2017
-Restricted 92,532,043 a/o Jul 31, 2017
-Unrestricted 4,981,255,978 a/o Jul 31, 2017
cash I've been thinking about a few things over the weekend and IMO after releasing those financials and than correcting them, if no one gets fired or accountable for the mistake, I honestly don't think SF holdings will be calling the shots even though they now have most of the preferred A shares. Logically speaking why would SF holdings buy into this company and see how it's being managed and not be concerned unless they have a lot of money to throw around. One thing I keep telling myself they must have bought in for a reason. I want to know what is that reason. I wonder if We can contact this company. Technically being majority shareholder they can respond to other shareholder questions.
Stew, their $1.2M salary is booked once a year -- I think you were thinking it's booked quarterly? If you look at my posts I think I mentioned it a couple times in the spirit of fairness lol.
Whether it was a mistake or removed after backlash, which I'm leaning to the latter... it's troubling that we had to bring it up to their attention before it was corrected.
I don't expect anyone to work for free, so they're absolutely entitled to fair comps, however, Dror and Yaniv's compensation is obscene for a company that's averaging around $50k in revenues in a quarter!
Their base salary (~$100,000/mo) has been solely financed by convertible debt. Their salary and billions in preferred shares is on par with a company that generates well over $100M revenues since executive compensation is paid relative to equity interest -- their base compensation is 200% of what they generate in sales PLUS equity interest -- that's beyond obscene!
An average CEO makes $186,000 per year, and you can bet they generate more than that in a quarter in sales.
What's even more troubling about this particular report...
How does your CFO Jorge Scholnik make a $1.2M mistake unnoticed -- meanwhile the CEO doesn't bother to look at the line item and wonder...
WTF Jorge -- that's a huge loss! Can you explain how we racked up $2M in losses for the quarter, and why is it noted that I'm being paid ~$600k when I've had to live on peanut butter and jelly (according to a SH)?
The CEO and CFO both have to certify those financials, so it went through 2 sets of eyes before issued and neither one of the two were bothered by the fact that there were over $2M in losses for the quarter.
Nice work Stewy! Wow!!
VPOR Security Details
Share Structure
Market Value1 $10,654,955 a/o Aug 18, 2017
Authorized Shares 8,000,000,000 a/o Jul 31, 2017
Outstanding Shares 5,073,788,021 a/o Jul 31, 2017[/b
-Restricted 92,532,043 a/o Jul 31, 2017
-Unrestricted 4,981,255,978 a/o Jul 31, 2017
Held at DTC 4,188,354,628 a/o Jul 31, 2017
Float Not Available
Par Value No Par Value
Transfer Agent(s) Verified by Transfer Agent
ClearTrust, LLC
Shareholders
Shareholders of Record 73 a/o Jul 05, 2016
Corporate Actions
Ex. Date Record Date Pay Date
Dividend (0.00) Sep 22, 2011 Sep 19, 2011 Sep 21, 2011
Dividend (0.00) Sep 22, 2011 Sep 19, 2011 Sep 21, 2011
Dividends are not adjusted for stock splits
Security Notes
Capital Change=shs decreased by 1 for 100 split Pay date=08/23/2010.
Capital Change=shs increased by 10 for 1 split. Ex-date=09/22/2011. Rec date=09/19/2011. Pay date=09/19/2011.
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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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