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.
Good catch. That mistake is now corrected to a tune of negative $100k.
well hopefully he hits the water and doesn't hit the land...... of cotton...
That's exactly what I needed, thank you!
True. We'll if the numbers deliver we'll have a massuve gap up if we remain oversold. Until then, range bound consolidation until we break down to .001 or break out above .003.
Amen. Def looking to exit either way come fall.
Understood. I was thinking everything else was in order, except that the entry was wrong and wasn't included as a dependency, it only altered the EPS. I will look it over this weekend when I have more time available.
Thanks for the "non-hysterical" response.
Some more deadpan humor hopefully, unless that bridge you're going to jump off is one of those decorative lawn bridges that are about 3-4 feet tall. Still could be tragic, could really sprain your ankle.
This was my very first long penny play and been in one year plus from .0003 I will always have shares here but am only riding on what I wish to loose at this point. I will be taking profit on the rest today. GLTA
what is the link to the new updated financials ?
Something else would have needed to change if that were the case. If you remove expenses from the income statement, then retained earnings or some balance sheet account would have to change as well to balance. It doesn't appear anything else changed which is why it's confusing.
https://www.otcmarkets.com/ajax/showFinancialReportById.pdf?id=177328
If this link works it's the first version of financials. Had it open in my browser.
Someone mentioned they wanted to compare.
I am very positive about the product itself. THe part I can't get past is wondering if somehow we could wake up one morning to find the easygrinder is owned by someone else, has been transferred, etc. I am still in at this point but absolutely thinking about bailing.
Anybody that has been part of a small company knows that spreadsheets are everywhere. I'm not defending what happened, but I wouldn't be surprised if the financials were all linked or calculated values, except for the Comp number which was a plug in value left over from a previous version. Unfortunate and sloppy, yes, but mistakes do happen.
I don't believe the entry was "buried" in some other place.
Yep, more fluff. Come on Yaniv, this is getting ridiculous.
Oh well let's all cheer about the improved financials and get the PPS up so we can all exit
Boy-- that was great fun.... Felt like I was at a great sale... Have to do that again !!!
my goodness...Yaniv you must save this gentleman...this is a life...lol...
if you get your friend to whip you; you can feel less guilty about losing money... Then when you end up making a fortune you can be happy
I'm holding. I'm all-in. I don't want to take the loss.
I'll probably stop monitoring this board soon, because will need to wait for 3rd quarter results (November?). Long time away. Who knows what will happen. Maybe nice PRs in September and October. Then hopefully $20M in revenue. In the meantime, I am not even looking at my account, because it may convince me to jump off a bridge.
Money just goes poof. Still would love to know where this was moved to. They got called out and realize it looks horrible. Of course their financials are not professionally audited so they can blame whatever they want.
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!
Followers
|
957
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
111921
|
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: |