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10cents? Ha! You had me for a little, but now knowing what you consider as possible, it's just difficult to value your opinion on where VPOR can go.
No way 10 cents will ever happen brotha. Not with the share structure or EZ not being reported. If the pattern trend the last 8 month's is a continuous short and drop you have data to predict what another 8 months will be.
Yea dude I finally caved and looked and the amount in the red parenthesis and it made my stomach sick. Sad to see all the supporters, including myself turn. We had nothing but high hopes and praise for the EZ grinder product.
What's disturbing is I REALLY believed this was going to be the "one" to help me get to financial stability for the year and pay off student loans etc. I felt it. I really thought this was it. I showed it to family and friends and they believed it. Then they pull the fast one on us with SF, no Ez sales, mislead by 40k pre sold out units, Amazon, trade shows, manufacturing partnerships etc.
Can you not trust anyone anymore? Rich get richer, us lower and middles continuously get screwed.
Sell sell sell this company is down with no sell at ALL.
panic is never good. I would love to know why Audi left after he was confident but I may never know. I do know that it is the scared investor that is really driving things down as the pps was slowly moving up back to its previous position. I also know I was able to scalp at .0015 and instantly made 300$ so it is all about your perspective.
Overall I am still down on this one but that could all change. I mean they are selling and the product is good and they might not have the market saturation currently but if they get a big name behind them it could change overnight. How bad would a person feel if they sold out now and in 4 months it is at 10c?
I guess I'm lucky women never liked me to begin with.
Also....NOW I SEE WHY THEY RAISED THE GRINDER TO $150. The cost of manufacturing went way up.
And VPOR started dropping to the .0022/.0023 even before financials came out. I did not think it would drop before .0027. I wonder if people knew about sales before hand, but we'll never know.
I a dizzy with shock and panic with how much I've lost (haven't sold yet though, but will). Right now, I'm just too afraid to log into my account to actually see that red number in parentheses; I just don't know if I'll have the stomach (though I can easily do the math in my head).
Such a humbling experience.
Indeed haha, except some are worse than others -- unfortunately.
Deception runs rampant with every penny stock from what I can understand lol
I agree about trial and error, but they knew about this months ago, yet not a mention of it. They knew the cost from the second they produced their first grinder. They probably actually had a pretty darn good idea when Yaniv flew to china to manage it firsthand. Sorry man, but deception runs rampant with this crew.
It only makes sense for a company to say "If you can't meet our demands now then come back when you can" Like I said it takes trial and error, they're NOT going to get it right the first time.
Well, I'm only counting on them to have their act together for a couple weeks tops before they screw shit up lol.
Whenever I get anxious about my investments here I just use my grinder feel so much better
Simple cork is probably a great idea if the right people were actually selling it but with these clowns… It might as well be a fishing lure
Ooh..I gotcha. Yeah that makes more sense lol
I think you need to read it again because they couldn't make it any clearer....
LOL - ok your girl friend
Just sayin if they shipped say mid July-payment terms of 90 days and their "books" only reflect a "sale" when an invoice is paid...then it will be mid October until those monies from the July ship is in their financials
As mentioned here earlier today-they most likely are a cash basis accounting method. Scenario above is how a cash basis company would record a "sale"-when monies are received versus when "shipped"
What? I have no idea what any of that means I just know there's a difference between "WE SOLD 40,000 and WE SHIPPED 12,000 due to complications" People saw that and said "THEY LIED THEY ONLY SOLD 12,000 SELL SELL SELL"
...and if their accounting is cash basis-and they extended terms to say net60 or net90 to get new business, there's a real good chance sales haven't hit their books
My day was bad, and now you are bringing my wife into the fold. Now my day is just totally ruined. Thanks.
The scenario here is, On contract they have sold 40,000 units but were only able to finish making 12,000 due to " However, we encountered serious limitations on what we were able to ship against distributor commitments due to the pre-production need to redesign critical components of the grinder, which delayed the start of initial production and slowed factory output. "
Those 40,000 units are still sold but only 12,000 have shipped out. They did not just sell 12,000 units...people just panic without comprehending..I'm going to make money here.
You know when Audi sells, the biggest unabashed permabull on this board, then it's time to seek higher ground.
Yeah, unfortunately that was the final kick in the nuts -- none of the sales were factual AND finding out that if history is any indication, Dror's EZ Grinder can and will probably suck the last cent out of Easy Grinder before he rolls in the Cork as a PnD finale.
One ray of hope is that's where folks can make up losses, but Dror and Yaniv are cheap and would probably rather send it to trips before that happens so they (and family and friends) can load...rinse and repeat.
The only drawback this time is there won't be any MMJ sector hype.
Can you let Yaniv know he needs to PR this with a full disclosure very soon? As Cash said this needs to a formal PR?
thats a wrap 12000 sounds about right. See Y'all in trips next week
You people aren't reading, They did technically sell 40,000 units to distributors but only 12,000 shipped out. Since its market introduction this year, we have been able to ship 12,000 Easy Grinders to date. Earlier, we had announced that we had commitments from distributors for the purchase of many more. However, we encountered serious limitations on what we were able to ship against distributor commitments due to the pre-production need to redesign critical components of the grinder, which delayed the start of initial production and slowed factory output. This in turn, forced higher manufacturing costs and resultant increases in wholesale and retail pricing. Consequently, several distributors reduced the size of their orders, backed off on commitments, or decided to delay acceptance of shipments of the higher priced product until we could prove market acceptance of Easy Grinder(TM).
They had complications.. They basically screwed up, but people are interested in the product, i think people need to give it time.
I know that this day will not be good one when I woke up this morning. I randomly made a choice from my vitamin box with a 6/7 change of picking the right one and I missed. Then this happened which makes the unfortunate incidences count to be 2 since bad things always comes in 3 I am still waiting for the third.
Guys loosen up this is life I think we win more than we lose. Hug your kids, kiss your wife and tell her you love her things could be worse.
And not tell us they have total controlling interest in said sales of product
Not all businesses tell you they sold $40,000 units when in actuality...they didn't sell $40,000 units. THAT is not trial and error. That's why people are bailing.
And who knows what percentage they actually get for distribution...it's not like they'll book anywhere near the expected revenue for the product. The potential here has really gone up in smoke. I bailed.
NNNext!
Yeah people were expecting it to make them rich and there was a few drawbacks so now they're jumping overboard. Not all Businesses execute everything perfectly on their first time, it takes trial and error for some..
Those revenues don't reflect any more than their vape segment, since ~$50k is right around what they've been producing before Easy Grinder, that's why I was shocked that they couldn't book at least a very small percentage, but if they're essentially saying those early contracts are now null and void...well, then... that's that.
12,000 is it...and maybe another thousand by September 30th (if they're lucky) and that's Q-3 right there.
Yaniv is experiencing a very public and embarrassing learning curve.
His PR today went a long way with me. Balancing design, manufacturing, product revision, marketing, sales, and investor relations isn't as easy as some might think. It's been only 83 days since the revised grinder shipped. I'm pretty content to give VPOR another 83 days to see what happens next.
90mill shares were dumped on the 8/15 and it went to 0.0004. 90mill shares TRADED today and it only went to 0.0015 and closed at 0.0018. There's actually a difference here.
I bought some of Audi's shares today.
If they have launched in markets their measley 30k in revenue doesn't reflect it.
I don't know brother, if any of it was true...doesn't look that way. As far as the CBD, didn't they already proclaim they were selling CBD? Same for Europe...I thought they already moved into Europe? I feel like they've essentially ran outta things to say and are recycling some old news.
They lost some great shareholders today!
Thank you man, for all your efforts. It certainly wasn't for lack of trying. Check back around Q-3. They still have the Cork to pump and dump. Buy low sell high brother. I'll be keeping in touch with you, and you make sure to do the same.
Good luck
I didn't sell any and don't intend to... I am waiting for the long term
Idk I don't see anything bad. Went all the way down to 0.0004, recovered. Went up for a few days now sold to 0.0015 and started to recover to 0.0018. the people who got in on around the new 52 week low are just selling for profit now from what I can tell.
Sell sell sell
No
I was 99 percent down on VPOR
Me neither, but very skeptical due to timing of today's news. Should have been communicated months ago. The just said shipments delayed due to improvements, not orders rescinded.
You're the only one that has that information, when all other emails have been told that they can't release information. They issued a PR hours ago without any mention of this.
From experience, and for everyone's sake -- to protect shareholders there better be a PR by end of the day. Regulators don't look kindly on this sort of thing.
You were down 99% prior to buying into VAPOR? From other stock plays? You originally bought 100M shares around the .0001 mark? And then your 100M shares brought you out of the red and then some?
just clarifying the story. I see this being a LONG time before it bounces back, if ever. I was hoping to sell because I wanted to go away for vacation and repay some loans, but that will have to be on hold. I was really certain with this one. If I sell, then I hope they end up fined and in jail. If I keep, I hope all stays well and improves
90 million shares dumped today. How many just from regulars on this board?
As of this morning, there is still no
indication that any paper work has been filed with the FL SOS showing SF holdings, LLC. that is connected to Yaniv or any other officer connected to VPOR. It could be in the works, but so far, nothing. GLTA $VPOR
its investors@vaporgroup.com It is not investor@vaporgroup.com
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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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