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WRONG WRONG WRONG
If a wholesaler buys 10,000 grinders (or even 100,000 grinders), that is only 1 order number. Your math is incorrect.
They did not receive 600,000 orders. It's basic 5th grade math. Look at the time-frame: 100,000 orders at time of Champs Trade show. So that means 500,000 units in less than 6 weeks?!
Their ordering system reach a certain number, and then change to 600,...
I'm still debating whether to take the huge hit and buy back in 2 months.
I was only able to pick up 500000 at 18 all day... it like cdel took my orders and then cocked blocked me..
Sold my 9,000,000 yesterday, took a 2K loss and am happy I am out. If VPOR had any Control of their grinders they would have used them in their financials, next financials you will get nothing time to go. ,0005 soon.
So upsetting and completely angering how this panned out. I was just as if not more excited than anyone since February.
This is ugly and I'm EXTREMELY disappointed in management. Not ONE bone has been thrown to us. The rich get richer, the rest get burnt.
If we don't get news by Friday I'm out.
Us longs we tried.
I'm going to stay on plan. I will continue to trade a portion of my shares in and out of these price fluctuations and accumulate more shares. No more out of pocket money is going into this stock but I can turn it to better my position. Q3 here we go.
I am with you, there are too many things going on behind the scenes that we are aware of that supports yanis statement of big q3 revenues (shows, distributors, price increase on website, etc.). I agree that it is frustrating to see the pps drop as yaniv ACTIVELY withholds details from us, but that may be part of a bigger picture, or it may be because sales are abysmal, who knows. But again, too many things going on that we know of...im staying in.
Oh no I'm telling the idiots lol I'm in all the way
You out? What was the final straw?
By the time the next financials come out we should be sub .0009, who's going to hang on for months when there is better buys/stocks out there? And who's to say they are not going to sell off the whole grinder operation to the SF Holding company, if it smells rotten it is rotten, the fact they did not use any part of the 100K+ sales of grinders in their financials is rotten. I am not sticking around to be the last bag holder.
This could also be a good PR with DEFINITIVE NUMBERS. We are 47 days in Q3 already, be nice to get a projection to offset yesterday's news.
Amen - financials do not lie. Audited financials would be even nicer.
Respect the honesty and I do not blame you. Everyone is entitled to their choice. Hope it goes back up and you can still get in if it does at a good price. Want us all to succeed.
You hit thenail on the head right there. All the sales in the world mean nothing if revenue is not going to show. Yaniv needs to speak in specifics. I also want to know how they plan on lowering liabilities.
I got out of this yesterday.
But I will not trash anyone who is holding long as
so many jerks do on many of these pinkie boards.
It is your money and your choice.
I will continue to watch this stock and possibly jump in again
when the situation is more positive.
Good luck to all.
It is very hard to sit here and keep losing money...Back in the long ago days when the stock went from 0.43 to triple zero it was to all our amazement... we didn't understand why... It was from massive dilution from the way they financed their projects.. 2015 was supposed to be our "breakout year" The stock went to nothing and we didn't even know if they were still operating.. the phones didn't work, they moved and dthe pps became 0001-0002. I sold out everything at 0001 because I didn't think they were even operating and wanted something, anything back from my monumental loss... I too am sick of this and the giant loses... But as far as we know there is no dilution, we seem to have a winner product and another coming.. If they are at all fair to us we should be ok.. There is no real way to know for sure... I really like and trust Yaniv so for me I am hanging in but it really is enough.. It is time we made some of the money off this... Giant salaries with us footing the bill is ridiculous.. we need fairness... the only thing is to hang on I suppose. that is what I will do but this otc penny stuff is ridiculous
I agree we need something solid on why Q3 is going to be huge. Yaniv stated this in the PR yesterday with nothing to back it up. We are left with confusion from the Q2 financial that made no sense. We have an investor on the board speculating an order number in the 650,000 range. As investors that see the Financials, we can see the sales are not high enough to cover the "officers compensation" each quarter. This means investors are paying your salary. We want solid proof on why Q3 is going to be huge.
29 of 31 reviews are verified. Keep trolling
HH99Just asking, is there any dilution here?
All reviews for all products are bogus .thats funny you didn't know that
Question for stock pros:
As an alternate reporting company, what does VPOR need to continue to do to be compliant without fear of suspension orD listing? Not just now but in the future
Thanks
Why is it that the amazon reviews are obviously all bogus and not from verified purchasers.
It could be the price increase was by Dror increasing the wholesale price of easy grinder to VPOR. Since he is sole owner of EZGrinder Inc.
no vomiting stewy... hang on
Real forward guidance would be appropriate here. "We promise we'll do better next time" is not a great response.
I'll believe it when it's on the financials.
OMGyeahhhh you're right. So smart
Don't be afraid to buy VPOR shares under 0.0020...
Bingo!!
You get to move to front of the class.
Good job!
until its reported and on paper.
600,000 units could be possible. Think, they did 3 major shows to distributors and wholesalers for two days each, and most likely 12 - 15 hour days. They were in front of or spoke to thousands of people. In one show they did 20k units and then an additional 20k. Combined with retail sales I'm betting they did an additional 60k units bringing them to 100k units sold before the shows. 500,000 units from the shows, if they sold to even 100 distributors at 5,000 units per they are at that number. 100 distributors out of 1,000 they may have presented to is %10 penetration which would be completely feasible when talking sales expectations.
All IMHO, GLTA!
there is no way i am going to believe that we sold 650k grinders i don't care what was said who said it that's BS. until i see it on the financials its all speculations. i am not selling just stating facts. i forgot for a second we are in the pink so let's treat this stock what it is a pink OTC that is all. until i we get good PR and see Prices rise in shares this isn't going anywhere
Not bad action this am... not much selling and the bid is growing nicely. Slow and steady wins the race!
This is a cat and mouse game. Mixed signals everywhere. I'm just saying I got more shares this mourning. Vpor is a confusing ticker right now.
That's the million dollar question......... your guess is as good as mine as we are all basing estimates on tidbits of data and volumes of rumors. For a new product only on the market for a couple of months personally I find the progress amazing.
I agree. I don't think they are even close to half that number.
Huh? Are you telling us how smart you are?
10000 EG units?
You better speed up your DD or your going to be disappointed.
This back in February.....
https://www.otcmarkets.com/stock/VPOR/news/NewGen-Concepts--Inc---formerly-Vapor-Group--Inc---VPOR--Reports-First-Production-Run-of-20-000-Units-of-Easy-Grinder-trade--Is-Sold-Out?id=151825&b=y
good morning gentlemen. lets have a nice clean fight, shareholders to your corners and let's get ready to make money.
3 speculative reasons Dror is selling his shares to SF Holdings in China.
1. Factory in China needs capital, hence Dror is selling his shares to funds the factory costs.
2. Dror needs money for personal reason and he sold his shares to get money for some reasons.
3. SF Holdings see potential in VPOR and requested for a stake in VPOR.
All are just speculative reasons and not to be taken seriously.
I will put this out there. Easy Grinder has done major shows in Q3. New vendors have put the product up. Thier is surportting evidence Easy grinders are selling. That is as far as I will go with this post.
Or maybe everyone will psych themselves up with unrealistic expectations for the FIRST quarter these will be on the books and then cry themselves to sleep when they aren't overnight millionaires like this last quarterly. I thought people were going to go home and hang themselves from some of the comments.
Best to be grounded in reality so as not to set yourself up for disappointment. Emerging companies don't start a new luxury product that costs $150 and blow out a million units the first quarter.
What we're looking for here is incremental progress. 600,000 units? No way man. I'd be happy as a pig in mud to see 10,000. That's $1.5 million in sales and hopefully we're getting a decent cut of that for distribution.
I'm with you all as an investors but a hard lesson was just learned 36 hours ago and already many have forgotten it.
Be realistic.
I also would like to be added to the foolish list!
Add me to this list of fools.
this is a game...only smart people can play....and the winners always don't follow any companies any people....
Yes VPOR maybe can up to 0.010 in the future...but I don't care about it..take benefits first....enough said!!
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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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