Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
What's he doing now that Yaniv is CEO?
Dror has not left. $VPOR
We will probably see a NT filing...
Most likely they will PR they are attending this show but that PR is not for us investors. That said they need to work on their IR. Their lack of updates to shareholders is quite surprising. I do think Dror leaving has something to do with it.
new seller on amazon. King of Vape
https://www.amazon.com/gp/offer-listing/B071ZJHR5P/ref=dp_olp_new_mbc?ie=UTF8&condition=new
I don't think Yaniv has time for PRs tomorrow or Friday
If he's at these events, then numbers won't arrive until next week. That means stock will continue to drop. Additionally, if there is indeed a fluff PR, then I would expect stock to drop even further. Great for long-term exposure, but immediately - this is going to hurt.
I do not think there's going to be any buy-back now. They need to pay off all debt. I think step 1 for them is to become debt-free millionaires; that is what any responsible CEO would do. Then help out us ancillary shareholders.
I sense another fluff PR tomorrow. We need updates containing numbers and projections.
Exposure, Exposure... and more Exposure
Wow, the VPOR team is out their slaying it again. No doubt they are motivated! They're covering a lot of ground going out and selling this product. GO VPOR
Easy Grinder:
At Big Industry Show Thursday-Friday
Come see us this Thursday and Friday at @BIGIndustryShow NY booth #313 @VaporGroupInc
Come see us this Thursday and Friday at @BIGIndustryShow NY booth #313 @VaporGroupInc
— Easy Grinder (@Easygrinder_) August 9, 2017
With the trend this week, 1's are not out of the question.... back in March on the announcement easy grinder was going into production we jumped to a high of .0068. We now have 100,000+ confirmed orders. Some of us own an easy grinder or two.... and here we sit at an open tomorrow at .0025!!! It is unbelievable!!!
It is agonizing waiting for the rest of the world to know what we do already.
Time will tell I'm going we see solid numbers and guidance.
Communication would help..... This is from 1st qtr.
Note 5 – ADDITIONAL INFORMATION Note 5 - Stock
The Company had 4,222,963,021 shares of common stock issued and outstanding as of March 31, 2017.
https://www.otcmarkets.com/ajax/showFinancialReportById.pdf?id=169846
If they toss that hidden 800MM.. They actually could say they retired about 50MM
That's what I thought too...but communicating it would be a step in the right direction too.
there is about 800MM not issued.. yet??
probably used some shares for manufacturing EG
If that's the case why do we have 1b+ more shares since then? There is some undisclosed increase without reason unless I missed something.
As announced on August 22nd, the Company had entered into agreements with several of its noteholders for the payoff of convertible promissory notes over time. All parties to the Merger have agreed that prior to its closing, in order to strengthen the balance sheet of the Company, the Company also shall have entered into additional settlement agreements for the elimination over time of other forms of debt, including tax liabilities. Such settlements are already in process.
https://www.otcmarkets.com/stock/VPOR/news/Vapor-Group--Inc---VPOR--Releases-Additional-Information-on-Merger?id=139307&b=y
They should announce that they've renegotiated all CDs and agreed to no conversions for 1 year. Plan to use future revenues to pay it off entirely.
This combined with the announcement of an immediate $2m share buyback over the next 1 year and $VPOR flies!
so if a company does a buyback, do they have to announce it ahead of time?
Thank you. I have been here for a while. I have decent amount ! I also learned a valuable lesson about taking profits. Thank you for the welcome!!! almost 2 milly strong. Let's go vpor
Also welcome LL, the move you made may be brilliant by open tomorrow!
you got lucky I only got 57% gains....I bought back some at 22 today..lets see tomorrow...
Nice! you gotta lock that sh!t in when the gettin' is good and not get greedy. I know of a couple friends that despite good advice decided to hold and took minuscule gains on the way down. It's a great example of what VPOR can do -- even with 3-4b float...not a problem once catalysts start to fall inline.
GLTY
I did the exact opposite up 131% yesterday .. Come on VPOR!!!!!!!!
Oh how I can't wait for you penny oh you sweet penny, show you're self..
VPOR all the way up
Wednesdays have typically been news days! On high alert tomorrow!
If they bought ERB$, 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.
Followers
|
957
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
111920
|
Created
|
08/17/10
|
Type
|
Free
|
Moderators |
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
![]() |
| |
| |
| |
| |
|
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |