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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!
Love this email canadian. Asks all of the important questions and shows that shareholders are knowledgeable and demand transparency.
Thanks canadiantrader!!
All very good question, and good luck in getting the answers.
Hahaha but honestly yaniv is a new CEO so can I say:it's a just beginning..!!??like yaniv said:stay tuned...lol
Well done, thanks
Great questions. He may not be able to answer except in official release. But the questions are right on
I hope he puts a party hat and some balloons at the end of his answer just for you! ??
If you go look back at his posts he has some good days and some bad so most people prb blocked him
my lord....I know Yaniv's answers:I have a surprise for you guys...stay tuned....that's all...
Hi All, this is my email to Yaniv. Waiting for a follow up. I don't expect all to be answered as it may go against the SEC rules but hoping to get something out of this.
Will keep everyone posted.
Hi Yaniv,
I am writing to you on behalf of the all the ihub shareholders who have been around for a while now and are sticking around. Today was a very interesting day in regards to the stock price. Obviously with the current financials released yesterday there are concerns from majority of us (stock dipping 50% and bouncing back in consequence).
I am hoping you can shed some light on the following concerns we all have given the new information. Transparency is key from an owner of a company in order to keep shareholders interest in the company so whatever you cannot respond to if against SEC Rules please advise why you cannot respond to the question.
1 – The PR released today advised that the revenues of the company will only be released in Q3 and there has been "huge" gains. Why not say the actual amount vs general terms?
2 – If you cannot say how much in revenue can you at least say how many units have been sold. Other companies ex Netflix say publicly how many users they have so people can do the math.
3 – Reading the financials there is a lot of bad debt, what are the plans to get rid of this debt with high interest?
4 – Does the plant in China exist as there was nothing to that nature on the financials?
5 – The loan is it from shares diluted?
6 – Who is SF Holdings and how will they dictate how you operate the company?
7 – Does Vapor Group own exclusive rights to the Easy Grinder and what is the affiliation with EZ Grinder corp owned by Dror?
8 – The 40K grinders that were pre sold back in April, were they officially sold and to distributors or retailers?
9 – Why did the price of the Easy Grinder increase twice in the last month?
10 – What is your vision of the company and what is SF Holdings vision assuming all operations need to be discussed with them.
11 – Do you intend to do a share buy back?
12 – What's the angle with Simple cork and total vapor and its subsidiaries
13 – Dror is still a shareholder of preferred B shares in Vapor Group, what is the interest there?
14 – Is it safe to assume with the order numbers when you buy an easy grinder example now is over 600K that is the amount of easy grinders sold?
15 – Who writes your PR's. This is only positive criticism, they need a lot of help as they lack punch! Any way you can invest a bit of money in a company to write the PR's.
16 - what is the 1.18MM in owners compensation
17 - if you have the 600K orders locked up. What are you doing to fulfill these orders or do you have the man power to do so?
With fair transparency I advised the shareholders on iHub I would post you answers.
Thanks
You don't even taste jim beam after 3 shots
Or..... get a divorce, cut your losses and move on to someone else that treats you right.
Appreciate your analogy but see what I did there? Ha
Stocks in OTC rises erratically and no logic. Just buy at right times and averages down or up in good times and bad times, YOU WILL BE OK.
When you see VPOR as good company, by all means ride it out good or bad times.
It is like you married to your wife, you stay with her good or bad times. Divorce is costly.
Meant. 040. We all had hopes of .01 with fins this week. The taste in my mouth is worse than Jim beam
Last year hugh? Might want to look again.
Providing that there is truly a sale of a major interest in this
company to another company, then both company will need a Audit
according to the SEC rules. therefor VPOR shareholders must be
properly informed.
yeah there may be truth to what you say
SF holdings might be just interested in the cork... this maybe why Dror was able to keep the EG and total vapor will be spun off, things to think about anyways
Yet to be determined..
Good job. Great find
If it is sf1 they do have a nice plane...
https://www.flickr.com/photos/62747648@N08/30867029051
The last time Vapor Group saw .40 cents
was 2014.
Last year it was also at 40 cents so....
He is a registered agent.. kinda like a holding address when incorporated is out of state or don't want to list home address
He does have a nice house...
yep, ties right in I think
Be patient guys. Remember last year these VPOR was trading at 0.000xxx price.
Just need a strong stomach to ride the wave.
Who's Michael Pape?
I think you nailed it, looking at the date.
Ranza: Probably there will be future dilution. Not now as you can see in their OTC report.
Dror is out and depends on Yaniv direction now.
1 down, several to go
Just called the Chicago variant and they said they are not the ones mentioned in the VPOR PR.
SF Holdings, llc
take your pick... lol
http://findnycorp.com/corporation.php?id=2985994
http://sfholdingsllc.com/
https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=224727697
https://www.showmetherent.com/Company.aspx?CompanyID=122905
https://start.cortera.com/company/research/l6r1myo4p/sf-holdings-llc/
http://njparcels.com/property/0709/140/8
Heard you loud and clear the first time.
See ya Bro!!
We longs will be sticking around.
Thank you whoisit.
See ya in a few!!
What if the order numbering system is set up to record individual orders in the tens digit space and generate a random number for the ones place? Sure, it would be somewhat shady, but plausible that 65000 or so orders have been made.
The other possibility is that each order number is sequenced to the total number of stock moved, In which case order 65000 may have been for 100000 units, making the next order 165001 and not 65001.
Just my speculations...thoughts?
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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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