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where those all your .002's?
Why doesn't Yaniv mention the error in the financials regarding officer compensation.
I was following Signal Bay (SGBY) for a while, and when they posted earnings, they boasted ~130% increase in revenue. Then just a few days later, they announced they had a clerical error, and it was only a 30% increase in revenue. An embarrassing mistake, indeed, but at least they notified the public!!
Why isn't Yaniv explaining his mistake?!?! Was it a typo? Did they in fact actually have $1M somewhere? Did he hide that somewhere in the other line-items? I wish I downloaded version1 vs. version2 to see the difference.
I got really drunk last night, and I sent an angry email to the company. Not a smart thing, but hey, probably not as dumb as their (in)actions.
hope it works out for you----i made a ton-HERE-form 005-36cents---and will never touch it again-and that includes when the coming dump puts it to the 000s again-all imo of course!!-tmonkey
I've been long this co for a long time but your right they are staring to look shadier than a three dollar bill
Check again, $0 for officers compensation.
I really want to be positive be that 2q report makes me very nervous about management.
They want you to believe their $9.99 spreadsheet software had a meltdown, but the timing was a little odd since it wasn't addressed in that follow up PR, and wasn't changed until yesterday. So, the question is where did that $1.2 mil come from to begin with, and where did it go?
How could you misplace $1.2 million and not realize it?
POOF -- Gone! As if it never happened.
Does anybody still feel positive...Very negative board attitude this am...Discouraging
Engines, you supply a steady source of sarcastic, satirical, and deadpan humor in your posts whether you know it or not that I personally find amuzing, and with what's been going lately with Vpor, it's welcome in contrast to the foul mood most of us are feeling at the present time.
Sooooo...did they pay themselves a million dollars or zero dollars...nobody else finds this odd...
My accounting friends, does a significantly depressed PPS trigger or neccessitate any further dilution due to MC changes (and ratios)?
From what I've gathered from disclosures on this board, we collectively control a very significant % of OS, and as a group, will easily move the PPS if there is a mass exodus (which btw, IMO is clearly already in progress).
They can disclose numbers, and detail, and projections, and whatever they want to disclose.
I can pull up thousands of SEC reporting companies that go well beyond providing numbers, that's what legitimate companies do if they value their shareholders.
VPOR is not an SEC reporting company so they can go even further than those that do report to SEC.
This is just excuse after excuse for utter failure.
I have made millions on OTC, pal. Know what you own. It's not about getting rich quick. Patience is the key here. Just my opinion.
Probably not ripe for them to disclose numbers.
They will do it at right time when there are anger and blood in the street.
It is all part of cat and mouse game. Survival of fittest test here.
Unsettling is putting it mildly.
I'd venture to say alarming would be a more fitting description of current events.
Not happening brother...that was it! There's no Guidance.
They've issued 2 PR's since fins, neither of which addressed one iota of what exactly is going on here, or what to expect. They're well beyond point of no return.
If they themselves can't outline what to expect, then what's the point to all this?
Note 6- Legal Matters
On July 5, 2016 the Company voluntarily filed Form 15 with the SEC in order to cease reporting obligations under
Rule 12g-4(a)(2) of the Securities Exchange Act of 1934 (the “Form 15 Filing”). Subsequent to the Form 15 Filing,
two (2) debtholders have filed separate legal actions against the Company for the collection of an amount of either cash
or common stock to which they believe they are entitled under the terms and conditions of each’s respective debt
instrument.
On or about July 15, 2016, an investment firm filed a civil complaint against the Company in the United States District
Court for the Eastern District of New York, alleging a breach of a convertible debt instrument in face value of over
$75,000. The Company has contested the allegations and the matter is pending.
On September 23, 2016, an investment firm filed a civil complaint in the United States District Court for the Eastern
District of New York against the Company and its CEO alleging a breach and default of a convertible debt instrument
in face value of over $75,000. In February 2017, the civil complaint was settled by binding arbitration. No issuance to
the investment firm by the Company of capital stock of any class occurred under the settlement.
On January 17, 2017, an investment firm filed a civil complaint against the Company in the Third Judicial District
Court of Salt Lake County, State of Utah, alleging breach of the terms and conditions of a convertible debt instrument.
The Company is contesting the allegations. The complaint is undergoing binding arbitration.
Note 7 – SUBSEQUENT EVENTS
On July 20, 2017, Dror Svorai, President and CEO, resigned as an officer and director of the Company and from each and of its
subsidiaries. Simultaneously, with Mr. Svorai’s resignation, Yaniv Nahon, Vice President & Chief Operating Officer, assumed the
role and responsibilities of President & CEO of the Company and each of its subsidiaries. Simultaneously on July 20, 2017, Dror
Svorai entered into a stock purchase agreement with a privately-held company, SF Holdings, LLC, (the “Purchaser”) for the sale and
transfer of 100% of his Series A Preferred Stockin the Company, which represents voting control of the Company (the “Agreement”).
Under the terms of the Agreement, effective on July 20, 2017, the Purchaser obtained any and all rights to voting 100% of the shares
of Series A Preferred Stockwhich was held by Dror Svorai, transferring control of the Company to the Purchaser. As a result of these
events, Dror Svorai is no longer an officer or director of the Company, nor the controlling shareholder ofthe Company.
Also on July 20, 2017, Jorge Schcolnik, Chief Financial Officer of the Company, was appointed a member of the Board of Directors
of the Company.
Missed opportunity.
With a conscious decision to avoid the topic(s) at hand, I have to assume our new SF friends are calling the shots... Unsettling.
Still getting his ducks in a row? There had better be another PR next week.
Lol because we're not worthy, bother. So sad!
How come I wasn't thanked in that PR lol
NEWS:
LMAO...NO Guidance!
What a joke!!
I don't know if it's them.
I'm just throwing this link in with slow pokes connection of SF Holding companies.
Wait so now there was NO officer compensations???
Look at the revised financials
The only SF Holding showing up in NM corporate records:
https://portal.sos.state.nm.us/BFS/online/CorporationBusinessSearch/CorporationBusinessInformation
These guys are a joke... Why do you think its them? If it is them what could they possibly offer? opinions please
Billions of shares outstanding CEO Pocketing a MILLION while showing only thousands on the books. Very telling for the direction of this stock. Use caution here!
another post to remember----you are being taken to the cleaners here over such a long time now---wait until they see the jig is up and really start a mega share dump-------tmonkey
You are entitled to your opinion; time will tell. The patient investors will be rewarded. This is a long term investment. Just remember this post...
Just my opinion.
disagree!your sounds not logical!!enough said!!
Be realistic folks...this is not a get rich quick scheme. Try to understand the business aspects of this stock. EG was just released. There are lots of costs involved, manufacturing, marketing, transportation, etc. It takes time to start seeing profits.
We may or may not begin to see any profit until at least 4 Q. Don't expect too much too soon. Be realistic and look at the big picture. This stock has a lot of potentials in my opinion.
Comic relief? Please explain, if you can.
Be wary of input from someone giving non-constructive jiba-jabba.
Yeah, agree with you. Once Yaniv earns all of our trust, we can start anew. Until then, hammer away because sooner or later he'll reveal his intentions and true character with the constant pressure from we longs especially.
If this is a true story, your buddy needs to grow up and realize what hes dealing with. OTC is crazy and panic selling is never a good idea. Hope you mend the relationship.
That was hilarious!
Damn Stewy! One thing I learned is don't give OTC investment advice to people I care about without letting them know the consequences. That said could happen to any stock. If he hasn't sold and assuming in October it goes to .01 I hope you guys look back at this and laugh but punch him in the face to call it even and shrug it off!
I hurried to finish my last post as I had a knock on the door. My life long buddy of 25 years that is also a shareholder of VPOR stopped by. I opened the door and said hi and stepped outside onto my deck. I always shake his hand when I see him. Always... When I went to shake his hand he took a swing at me!
With all my training, out of instinct, I deflected his punch with my left shoulder and forearm. I spun him 180 around, kicked out the back of his knee, and put him in a full nelson till he calmed himself down. Long story short: he blames me for buying VPOR shares and how much money he lost on Tuesday. He told me he sold a lot of his shares out of panic. Before I let him up. I told him I want you to walk straight back down my drive way and go home. Call me tomorrow when you got your head straight.
Seriously! people are getting hurt now! A 25 year long friend took a swing at me. Come on Yaniv and Team, I don't deserve this....we as shareholders don't deserve this.
Hey man I 100% understand your POV. I truly believe in more transparency 2x too because of the past.
That said, we keep hammering them to do something, or we just sell.
My criticism will halt immediately once Yaniv provides enough evidence that shows he is not only a competent leader, but not corrupt. At this point, there are many hoops of fire he needs to go through to provide that evidence. If somehow he does, I may even get back in with some serious money again. For now, I am content with keeping a relatively small position and watching this whole thing unfold before our eyes. Vpor is turning out to be better than most reality shows...sadly.
I get it! Kept just enough to talk shit, I'm still very profitable on my trade. To me it's not about that.
At the end of the day opinions are like A-whos & everyone has one and they all stink. You have a gamblers-small-lot-position now which makes your recent loss even less bias.
Hey guys! I have been mostly responding to private messages lately. Their have been a ton coming my way. I know a lot of us are down big time in our portfolios, some of us thousands and thousands... We know who we are.
My thoughts are neutral at the moment as negatives and positives of this stock are oddly in balance. I will not list the obvious negatives ATM, but the positives are still there. If you believe in this stock .002 is a good price per share. The recent shows proved Yaniv and team are out their trying to sell the crap out of the company. These show also added new vendors which we can confirm. Yaniv allowed one of our share holders into the New York City show that really wasn't open to the public. That was a class act and he didn't have to do it.
I know how a lot of you feel. I feel like poop too, but I am giving Yaniv and team the chance to deliver for us. We have been footing the bill as shareholders for a good while now. Fair is fair, and VPOR knows they owe us one.
Stewy
Actually, not really reeling at all. Sold most of my position at a small loss and put it into my biggest holding and am up 11% on just my new money 1 day after selling. Recovered that loss and made unrealized gain overall. I just want to be a part of this train wreck in some small way. I'll also feel much better about criticizing Yaniv and Co. if I still have some skin in the game. And I will be a much bigger critic than I have been already.
Are you kidding?? Engines is the best this board has for comic relief...and we need it badly after the crap we are being dragged tbrough. I may not be all in any longer, but still have a stake out of sheer morbid curiosity of this thing actually doing something remotely good for shareholders. Vpor can no longer hurt me..
It is time Bill... the time is now.
Thank you Slow... Now is the time for the good stuff to happen.. corks is so huge ; it will be amazing
Good luck and much happiness
Bill
Dude.. I am really sorry for your loses, things like that can crush people. I wish you well in the present and future.
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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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