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He is wasting his time
Believe me these talks been around since at least end of 2014
This is not their first rodeo ( especially Dror)
The only thing you can do now assuming they really let us down is to make sure no one else will fall for their cons again...
We got to make sure we share our experience with anyone that will listen and make sure if Dror jump on another ticker that we follow him to make sure any future vendor, customer, landlord, and especially future shareholder understand his game
I know Dror was involved in other scams ( allegedly) and if those people he screwed over before were here in the beginning believe me we wouldn't be in this situation
We got to do anything within the law to smear their names in public so they will be ashamed to get out of their house and find ways to smear their name anywhere they go ( including Israel,you can leave that up to me...)
But again this is only going to happen if they end up screwing us... They still have time ( very little) to turn things around
IMO.. What was interesting about this yesterday... Bill was buying at .002 and most likely being shorted to. When they brought it to .0019 right after, that's when I started buying 002's, and with locksmith chiseling at the 21's. I'm sure they had to short shares even further than their nominal 25% > yesterday. Note all the 5th and 6th digit trading, and not sure if they were able to cover all trades yesterday.
Yes we know, people are betting this company is heading to triple zero's .0009
oh snap, even I make mistakes, Jorge Schcolnik was appointed a member of the Board of Directors... ya fire his ass!
Dec '14
1.4. Board of Directors at the Balance Sheet Date:
Position Name Board of Directors
Chairman & CEO Dror Svorai
Vice-Chairman & COO Yaniv Nahon
CFO Jorge Schcolnik
http://www.otcmarkets.com/financialReportViewer?symbol=VPOR&id=157203
I would fire his ass and go back and recheck all of his work and he may be the reason A & C couldn't complete an audit
51.78% Short
http://otcshortreport.com/?index=VPOR&action=view
He has been the CFO since '14
Jorge Schcolnik was just named as the new CFO on July 20, 2017. Since he is walking into someone else work lets give him another quarter to get the books straight.
by the looks of that.. the CFO should be fired...
On page 4 the officer compensation was removed.
(Loss) from continuing operations on Tuesday was (1,555,741)
(Loss) from continuing operations was changed to (366,759) on Friday.
Smaller details:
Advertising and promotion for 6 months
was adjusted from (Tuesday) $42,170 to $80,724 (Friday)
Interest Expenses for 6 months
was adjusted from (Tuesday) $358,154 to $625,090 (Friday)
Depreciation for 6 months
was adjusted from (Tuesday) $2,478 to $2,147 (Friday)
Commissions for 6 months
was adjusted from (Tuesday) $1,991 to $4,605 (Friday)
Professional fees for 6 months
was adjusted from (Tuesday) $29,502 to $45,331 (Friday)
General and administrative expenses for 6 months
was adjusted from (Tuesday) $136,128 to $131,141 (Friday)
Jumping down to the math as the numbers don't lie:
OTHER INCOME(EXPENSE) go down a few lines and you will find
Total other income and (expense) Net (Loss) Earnings 3 months
was adjusted from (Tuesday) ($2,100,266) to ($911,284) (Friday)
subtract $2,100,266 - $911,284 = (eliminated officer compensation) $1,188,982
The adjustments they made do not equal the $1,188,982. The numbers are still wrong, their is a lot of money not accounted for.
---MIC DROP from atop of MOUNT EVEREST---
I did not expect an informative email response either; HOWEVER, I was hoping the email itself would remind Yaniv of what is needed to be disclosed to investors in his PRs, which he is not doing.
Yup, I'll admit I'll fall back in love with VPOR once they post the necessary PRs. I'm still confused what his incentive is for not doing so. He had many weeks. What's his angle. People say - oh, he must be shorting the stock. Why would he do that? Not sure he even can.
What did you find from your side-by-side comparison?
I try to keep dry powder on hand waiting for the dip to occur.
I will be fair and honest, I don't disagree with any of your post on this one. I am sure you read my post today. My testimony is all what I can prove and something is up with the cash flow of the company.
Looping to your facts- Yes we can see the new distributors. I can't wait for simple cork! Simple cork is why I invested with VPOR in the 1st place. I will also follow up, even with my not happy responses (fair is fair, whining) I added shares at .002 and .0019 this week. I am hoping to cash in like you're but I am a little rattled how things went down in Q2.
Some of them yes, others have already been shared publicly therefore giving more detailed information on those specific points that were addressed in a PR is not considered insider information.
What did you expect asking for insider information. The response you got was the the appropriate one. I would of been disappointed with any other response as it would of been unethical and unbusiness like. We are just investors.
*EMAIL RESPONSE*
Hi All,
I received a response the day after I sent my email and had not shared it because it was the same response everyone was expecting to hear from Yaniv. I emailed him back that he should provide me at the minimum what his vision of the company is and have yet to receive an answer.
Here it is:
Dear Matt,
All your concerns will be properly addressed with public announcements at the appropriate time. We cannot provide information to ihub participants only, we have to provide such information to our overall shareholder base at the same time. I hope you understand.
Thank you.
I am a big picture and numbers guy. When it is all said and done the numbers don't lie.
I believe in the products VPOR has. The easy grinder is an outstanding product. I own one and I have showed other people it. Some of these people went to the website and bought a grinder. Simple cork is brilliant and I am anxiously waiting for it to come out. The only gaps are how the books are being run with suspicious numbers that questions where the cash flow is really going.
When Q2 financials came out Tuesday I saved the PDF file and even printed it out. Than VPOR changed the numbers on Friday to remove officer compensation from their 2017 filings. I also saved that report and printed it out. I have done a side by side comparison and I see how the numbers were moved around. It is not my honor and reputation on the line...
Something fishy is going on here! We as investors are left out in the cold when we ask for clarity and guidance on questionable topics. We wanted a heart felt response and we got another easy grinder review.
The SEC is a joke,
When they slapped Herbalife with a slap on the wrist in 2016 for running a
Ponzi scheme in there multi-level marketing scam where millions of people
on the bottom are loosing money and only a few at the top are racking in
millions.
Eventually the ones at the lower levels who have lost money drop out and new recruits are signed up.
Their stock is still doing well.
What a sorry state of affairs in government oversite.
I plan to grab a mil or so 19s early next week. Keep the price low a few more days so my funds can clear. (18s would be even better)
Only one thing to do then Stewy,
send your proof and documentation to the SEC, FINRA and let them look into it. Also, if you are that convinced of stock manipulation, then you can also start a class action lawsuit. GLTY and all. $VPOR
I am convinced VPOR short sells its own investors and tanks thier stock on purpose. Why you ask? If you bought at .003 or more month ago and the Q2 fins upset you. VPOR wins if you panic sold for less. When you lose they make money as you sold your shares for less than you paid for them. VPOR gets paid as long as shareholders pay thier salaries. VPOR corrected thier books to hide the officer compensation from public record. What else is that is left to prove we aren't being conned? If Q3 has no easy grinder sales on it anD VPOR still claims Easy Grinder is their product and they're collecting revenue for it... than this is a slam dunk for the SEC to investigate with a class action lawsuit.
I picked up some 2's today also...
I did some nibbling on the 21's today.
and on another note... I would think SF would of had Dror do the dirty work of a R/S if they wanted the share structure cleaned up. My gut feeling is they are nibbling at shares. Just need to know who SF is...
Just because he said Q3 doesn't mean anything. This isn't the first time VPOR has issued great news and not have it reflected on the financials with little to no detail. Until we start seeing some hard factual numbers, this won't go anywhere for months
He said it in the PR, Q3.
No worries here.. I'm thinking the same.. everything now is pointing to simple cork right around the corner.. I do think Total Vapor will be spun out with Y and who ever is in control of SF is moving simple cork to the front.
Stay the course sp. I think the next big
pop coming will be due to Simple Cork. Ohayon is now named as a preferred shareholder. He probably owns a shi#pot full of common shares also! Yard sale prices right now. His name was recently removed from the Simple Cork, Inc. as a director, I haven't quite figured out all of the shuffling yet but something is cooking, especially with Ohayon still in the picture.
Hopefully, the panic stricken will take the weekend off to calm themselves down! GLYY and all $VPOR
coupon code for that : )
On mobile so can't pull up fins to verify ST holdings actual name but those on computer, is this the same company??
http://www.reuters.com/article/us-united-parcel-sf-holdings-idUSKBN18M06B
Would make sense as the warehouse/ distributor is in China and if they DID have 60k orders this could make sense? But why 1M dollars for the partnership?
Thoughts?
Instead of us speculating why it wasn't reported it should have been very clearly communicated from Yaniv. He knows everybody is waiting for the EG fins. Why not make it abundantly clear where and how will it be reported.
Could also have been contingency sales to distributors. If the distributors have a right to return any unsold goods whenever they please, then you can't take the EG into revenue until the distributor actually sells them.
Only thing I can think of is that these were just purchase commitments and not actual orders like when you go to a website and checkout with a credit card. Then the sales would be booked into revenue when the EG was shipped/received by the customer and a bill was sent.
Has this been explained yet? I know it hasn't officially by Yaniv. We had 40k orders IN Q2. Nothing shows that. Why and where is it?
we are up 5% SF buying??
must be on your side, working fine for me. Try restarting the app.
Is there a glitch on ihub side because I haven't seen any movement today in the ticker. Haven't seen green or red but there is 27M volume. ????
Not being humorous, but it's actually a real possibility. Maybe not the Maldives, but somewhere outside the US where there is no extradition.
Well, it's a 21 bedroom estate, so I'm thinking he has enough roon to house you.
Is there any proof Easy grinder sales go to VPOR? The Q2 financials sure don't show it.
Too expensive gadget ! Drop the price.
on July 20, 2017, Dror
Svorai entered into a stock purc
hase agreement with a privately
-held company, SF Holdings, LLC, (the “Purchaser”) for the s
ale and
transfer of 100% of his Series A Preferred Stock
in the Company
, which represents voting control of the Company (the “Agreement”).
Under the term
s of the Agreement, effective on July 20,
2017,
the Purchaser
obtained any and all rights to vot
ing 100
% of the shares
of Series A Preferred Stock
which 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 of
the 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.
What bugs me the most is that it looks like if they really wanted they could be running a very successful company. There is great interest in EG and their core which is Vaping pens and liquids still get them steady revenue. But they keep falling back into their bad habits and cashing out at the peak of interest. I suppose this is easier life than running a legit company. I expect nothing less now but that new shell company to sweep all Grinder revenues while PPS will go slowly back to low 0.0005s
Maybe SF is a blessing in disguise...obviously Yaniv can sell and show-maybe SF can attend to the Business aspect of this venture -
either way I'm still sitting tight.
To error is human.. Errors don't bother me as long as people man up to them..
But, My concern here is SF holdings and their plans.. RS us to oblivion?? Buy up the common?? They do have all the voting rights and pretty much in control and we don't have a model on what they do.
Right, if it is a glitch then someone looking at these messed up. Its like going on an interview with a resume with spelling errors.
I agree but a product takes time to sale and Rome wasn't built over night
Honestly I am becoming more and more afraid of that. Not being negative, I really want my investment to pay off, but I am being realistic in feelings.
And he can say whatever he wants about Q3 and all the shows and selling orders and the best grinder in the world. That means nothing unless we start seeing debt paid.
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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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