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I think what we'll see, starting tomorrow,
will be a mad scramble to get paperwork filed with the FL SOS concerning SF Holdings, LLC. As CB stated, what VPOR Investor Relations told Bill, is insider information. Certainly not Bill's fault for asking a question, but serious enough that Yaniv should be concerned. GLTY Juice and everyone else still in it with us. $VPOR
You said it perfectly
And in quick translation. They are crooks ( allegedly) and they will find a way to run it again...
That was what kept me alive last summer and I am glad I was right to be able to take out what I put in and like you have freebies
Is what they are doing OK? I don't think so
Is what they are doing ethical? I don't think so
Is what they are doing legal? I am not sure...
Like you I believe we will have another run question is how low they want to take it so the " Palm tree" can load more shares... Last time he loaded a bunch of them at .0011...
The PR makes sense to me and here is why;
Ez grinder WILL sell when the price is lower and the again in the future the design WILL change again even better than the one you own if ya bought one already. Did you invest long ??? ??? Long isnt six months. Where you all hoping to cash in and move on ? Patience young skywalkers.
I just saw the pr and it said ask investors@vaporgroup.com so I did and you saw the question and answer
If I was on their board I would want to be investor relations and answer everything I could....
I really don't know anything more than anybody... I just trust Yaniv..
we know the product is great and if they can run it so shareholders can win and not just the insider principals that would be great... I hope they will... I like the honesty in latest pr.. no very hopeful but that is ok.. we can grow, we have time
For anyone that has been with this company
any length of time, two years or more, we know this is nothing new in the way Dror and Yaniv operate. This is far from being over. These guys have found a couple of moneymakers and they are not about to quit yet. Dror needs a public traded company to keep Easy Grinder alive. They need a public traded company to take full advantage of Simple Cork's potential. In two weeks, things will be smoothed out and it will be business as usual. It will be at least another year before they pull their finale and fold. For investors, there's still money to be made but don't get caught riding to the top and then all the way to the bottom. It will be over.
What I look for: To keep Easy Grinder alive, VPOR will 'purchase' EZ Grinder, Inc. Probably paying Dror another million bucks for that 'privilege.' Simple Cork will be promoted to the max, going into the holiday season and beyond. With all of the new hype, new investors, all excited about making a quick million, will flock into the company. The share price will go up with all of the new excitement. At that time, you'd better be out or close to it. At least one more chance to salvage your investments. Just my opinion only. I am still invested, my shares are mostly freebies from the run in the spring of 2014, so I'm in for the next and possibly the last, ride. GLTA
The ship is in stormy waters now. New captain Yaniv will updates us regularly on direction of Vpor.
Paper loss is nothing to actual loss.
Invest what you could afford to lose. Don't borrow to invest.
Well, the charts is no good. Majority is selling and longs have turned to short.
Very true but I'm sure if we had shareholder questions Bill would answer us!
Yeah, but then he'd be an insider, wouldn't be able trade and would miss out on all this fun!
Bill rather than buying the stock you probably should ask about becoming an owner with the amount of money you have invested in this company
In one week I will have access to $10k more... When it is available I am putting it all in vpor at whatever price
Thanks man! I am not selling. My bets are on the growing popularity of easy grinder and especially the cork to get us back up. That's just my view regardless of what others think or say.
Seriously-- that's ridiculous... just hold tight it will be fine... You are absolutely not a loser
Me too.. who shares will it be tomorrow
I cried when I saw my account today. I literally started bawling like a little b--tch. I am a pathetic loser.
A number of members asked me today in private messages. I didn't sell any shares today. I commented I would buy again at trips. I'm going to ride this out. By no means am I happy about today's address. My sights are still on simple cork regardless of what company and management has it.
Stewy
I don't care what anybody's gonna say about this company they're going to go back up there sales are gonna go back up Yaniv will fix all the mistakes that happened. Yaniv brother make every one regret selling there shares. I will buy more shares even if it goes to trips.
10cents? Ha! You had me for a little, but now knowing what you consider as possible, it's just difficult to value your opinion on where VPOR can go.
No way 10 cents will ever happen brotha. Not with the share structure or EZ not being reported. If the pattern trend the last 8 month's is a continuous short and drop you have data to predict what another 8 months will be.
Yea dude I finally caved and looked and the amount in the red parenthesis and it made my stomach sick. Sad to see all the supporters, including myself turn. We had nothing but high hopes and praise for the EZ grinder product.
What's disturbing is I REALLY believed this was going to be the "one" to help me get to financial stability for the year and pay off student loans etc. I felt it. I really thought this was it. I showed it to family and friends and they believed it. Then they pull the fast one on us with SF, no Ez sales, mislead by 40k pre sold out units, Amazon, trade shows, manufacturing partnerships etc.
Can you not trust anyone anymore? Rich get richer, us lower and middles continuously get screwed.
Sell sell sell this company is down with no sell at ALL.
panic is never good. I would love to know why Audi left after he was confident but I may never know. I do know that it is the scared investor that is really driving things down as the pps was slowly moving up back to its previous position. I also know I was able to scalp at .0015 and instantly made 300$ so it is all about your perspective.
Overall I am still down on this one but that could all change. I mean they are selling and the product is good and they might not have the market saturation currently but if they get a big name behind them it could change overnight. How bad would a person feel if they sold out now and in 4 months it is at 10c?
I guess I'm lucky women never liked me to begin with.
Also....NOW I SEE WHY THEY RAISED THE GRINDER TO $150. The cost of manufacturing went way up.
And VPOR started dropping to the .0022/.0023 even before financials came out. I did not think it would drop before .0027. I wonder if people knew about sales before hand, but we'll never know.
I a dizzy with shock and panic with how much I've lost (haven't sold yet though, but will). Right now, I'm just too afraid to log into my account to actually see that red number in parentheses; I just don't know if I'll have the stomach (though I can easily do the math in my head).
Such a humbling experience.
Indeed haha, except some are worse than others -- unfortunately.
Deception runs rampant with every penny stock from what I can understand lol
I agree about trial and error, but they knew about this months ago, yet not a mention of it. They knew the cost from the second they produced their first grinder. They probably actually had a pretty darn good idea when Yaniv flew to china to manage it firsthand. Sorry man, but deception runs rampant with this crew.
It only makes sense for a company to say "If you can't meet our demands now then come back when you can" Like I said it takes trial and error, they're NOT going to get it right the first time.
Well, I'm only counting on them to have their act together for a couple weeks tops before they screw shit up lol.
Whenever I get anxious about my investments here I just use my grinder feel so much better
Simple cork is probably a great idea if the right people were actually selling it but with these clowns… It might as well be a fishing lure
Ooh..I gotcha. Yeah that makes more sense lol
I think you need to read it again because they couldn't make it any clearer....
LOL - ok your girl friend
Just sayin if they shipped say mid July-payment terms of 90 days and their "books" only reflect a "sale" when an invoice is paid...then it will be mid October until those monies from the July ship is in their financials
As mentioned here earlier today-they most likely are a cash basis accounting method. Scenario above is how a cash basis company would record a "sale"-when monies are received versus when "shipped"
What? I have no idea what any of that means I just know there's a difference between "WE SOLD 40,000 and WE SHIPPED 12,000 due to complications" People saw that and said "THEY LIED THEY ONLY SOLD 12,000 SELL SELL SELL"
...and if their accounting is cash basis-and they extended terms to say net60 or net90 to get new business, there's a real good chance sales haven't hit their books
My day was bad, and now you are bringing my wife into the fold. Now my day is just totally ruined. Thanks.
The scenario here is, On contract they have sold 40,000 units but were only able to finish making 12,000 due to " However, we encountered serious limitations on what we were able to ship against distributor commitments due to the pre-production need to redesign critical components of the grinder, which delayed the start of initial production and slowed factory output. "
Those 40,000 units are still sold but only 12,000 have shipped out. They did not just sell 12,000 units...people just panic without comprehending..I'm going to make money here.
You know when Audi sells, the biggest unabashed permabull on this board, then it's time to seek higher ground.
Yeah, unfortunately that was the final kick in the nuts -- none of the sales were factual AND finding out that if history is any indication, Dror's EZ Grinder can and will probably suck the last cent out of Easy Grinder before he rolls in the Cork as a PnD finale.
One ray of hope is that's where folks can make up losses, but Dror and Yaniv are cheap and would probably rather send it to trips before that happens so they (and family and friends) can load...rinse and repeat.
The only drawback this time is there won't be any MMJ sector hype.
Can you let Yaniv know he needs to PR this with a full disclosure very soon? As Cash said this needs to a formal PR?
thats a wrap 12000 sounds about right. See Y'all in trips next week
You people aren't reading, They did technically sell 40,000 units to distributors but only 12,000 shipped out. Since its market introduction this year, we have been able to ship 12,000 Easy Grinders to date. Earlier, we had announced that we had commitments from distributors for the purchase of many more. However, we encountered serious limitations on what we were able to ship against distributor commitments due to the pre-production need to redesign critical components of the grinder, which delayed the start of initial production and slowed factory output. This in turn, forced higher manufacturing costs and resultant increases in wholesale and retail pricing. Consequently, several distributors reduced the size of their orders, backed off on commitments, or decided to delay acceptance of shipments of the higher priced product until we could prove market acceptance of Easy Grinder(TM).
They had complications.. They basically screwed up, but people are interested in the product, i think people need to give it time.
I know that this day will not be good one when I woke up this morning. I randomly made a choice from my vitamin box with a 6/7 change of picking the right one and I missed. Then this happened which makes the unfortunate incidences count to be 2 since bad things always comes in 3 I am still waiting for the third.
Guys loosen up this is life I think we win more than we lose. Hug your kids, kiss your wife and tell her you love her things could be worse.
And not tell us they have total controlling interest in said sales of product
Not all businesses tell you they sold $40,000 units when in actuality...they didn't sell $40,000 units. THAT is not trial and error. That's why people are bailing.
And who knows what percentage they actually get for distribution...it's not like they'll book anywhere near the expected revenue for the product. The potential here has really gone up in smoke. I bailed.
NNNext!
Yeah people were expecting it to make them rich and there was a few drawbacks so now they're jumping overboard. Not all Businesses execute everything perfectly on their first time, it takes trial and error for some..
Those revenues don't reflect any more than their vape segment, since ~$50k is right around what they've been producing before Easy Grinder, that's why I was shocked that they couldn't book at least a very small percentage, but if they're essentially saying those early contracts are now null and void...well, then... that's that.
12,000 is it...and maybe another thousand by September 30th (if they're lucky) and that's Q-3 right there.
Yaniv is experiencing a very public and embarrassing learning curve.
His PR today went a long way with me. Balancing design, manufacturing, product revision, marketing, sales, and investor relations isn't as easy as some might think. It's been only 83 days since the revised grinder shipped. I'm pretty content to give VPOR another 83 days to see what happens next.
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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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