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.
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.
Closed at .0001 and I just called the transfer agent and current OS is at 4,374,456,056. We will need another 1B+ trading day to max this thing out.
Agreed! I just hope he isn't doing the new CEO and favors.
Yes EX CEO has the keys. The CEO which made this company great. When he was in charge he took this company from 3 million in sales to 29 million. Once he stepped down and the current CEO took over, the company headed south and everything went down hill. Hopefully he is back to save the company, more good things to come IMO.
once OS maxes out this will start moving up. about 500,000,000 more shares to go.
This is the way i'm looking at it.
4,799,534,928.00 -- History Trading Balance AS OF 6/23/16
1,414,000,000 -- Today's Volume
6,213,534,928.00 -- Trading Volume Since RS
4,038,797,703.20 -- Estimated Warrant Trading (65% OF Total Volume)
5,000,000,000.00 -- Max AS
-961,202,296.80 -- Remaining Volume needed to reach max AS
looks like 67 million shares have sold already pre-market.
Can anyone confirm?
We already have shares on the bid. That's got to be a good sign.
GLTA!!
Yes next report should be by the 3 week of August.
Yes they did report on 5/16/16 there 10q for Q1.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11391151
They will report again august.
Ok, I just called Equity Stock Transfer in NY.
The current OS is 3,016,026,785.
Which means we still have 2 billion to go!
I thought we were much closer. With the low volume the last 2 days it's going to take longer than Monday to MAX out. May now be end of next week. IMO
Did you call? Do you know were the OS is right now?
This is my estimate on where we currently are with VPCOD OS.
4,732,074,927.00 History Trading Balance AS OF 6/23/16
45,686,000.00 Today's Volume
4,777,760,927.00 New Balance
4,061,096,787.95 Estimated Warrant Trading (85% OF Total Volume)
5,000,000,000.00 Max AS
-938,903,212.05 Remaining Volume needed to reach max AS
We need almost another 1 billion in Volume to max out AS. IMO
looks like to me by the end of trading on Monday this OS will be maxed. Then we start moving up. Can't wait till next weeks run!
buy people, buy!
Looks like we are getting close to maxing out the OS AT 5 Billion. See history below after last RS.
Date Price Change Change (%) Low High Volume
Jun 22 2016 0 0 -50.00% 0 0 874,390,644.00
Jun 21 2016 0 0 100.00% 0 0 2,373,532,363.00
Jun 20 2016 0 0 0.00% 0 0 504,483,120.00
Jun 17 2016 0 0 -47.37% 0 0 250,237,916.00
Jun 16 2016 0 0 -5.00% 0 0 67,044,285.00
Jun 15 2016 0 0 0.00% 0 0 54,419,693.00
Jun 14 2016 0 0 -80.00% 0 0 166,835,977.00
Jun 13 2016 0 0 -50.00% 0 0 32,818,911.00
Jun 10 2016 0 0 -41.18% 0 0 10,018,255.00
Jun 09 2016 0 -0.01 -69.09% 0 0.01 8,982,019.00
Jun 08 2016 0.01 -0.01 -36.05% 0.01 0.02 2,788,498.00
Jun 07 2016 0.02 -0.06 -78.50% 0.02 0.1 1,977,878.00
Jun 06 2016 0.08 -0.02 -20.00% 0.08 0.2 500,571.00
Jun 03 2016 0.1 -0.1 -50.00% 0.09 0.35 347,175.00
Jun 02 2016 0.2 0.2 -% 0.2 1 48,392.00
Total 4,348,425,697.00
I have been following this stock for the past 2 years. I also used to own warrants.
What you are saying is true but you are forgetting one thing this time around. When the first 3 amendments were completed the company already had a massive RS splits already approved. This time around there our no RS splits pending. So this is the bottom for now.
They would have kept on RS if it would also clear their delisting notice as in time past. This time around they could not accomplish that with a RS.
They have about 15 million on cash in hand. If they get delisted and the company goes belly up they will have to return all that cash to pay debit. knowing the way they operate do you really think they will give up 15 million bucks? no way Jose! THIS TIME ITS DIFFERENT.
Adas Market is not closed and is a real Biz. Just check out there website below and call the number yourself.
Also the vape shops are also real store which i have been in and are always busy.
http://adasmarket.com/
they also sell their vapor products wholesale via the site they own below.
thevapestoreonline.com
Also if you ever go to a dollar General Store you will see their products for sale there.
We may have to suffer with the PPS for the next week or so. But once the OS max out, up we go.
Stay strong people with this volume the OS will be maxed out to 5 billion in no time. Once maxed it will go up slowly. Now is the time to get in at .0001 on the bottom floor.
No reveres split is pending or approved or even out for vote.
This is NOT an investment for longs but we should make some cash in the following 2 weeks. Interest in this stock is back and the volume supports that. The morning are always a sell off as today new warrant holders are converting.
I believe so, at least for now until it hits .01 and stay their to clear OTC desisting. R/S can't keep the PPS over .01 for more than 10 days to clear that way. VPCOD has no choice but to stop dilution until they are cleared.
closed at .0002! we are on our way!
Tomorrow we will close at .0003.
the train has left the station.
happy days ahead!
dilution is over for the time being, till they .01 again.
you have to see the 2.5 billion were traded today. If the OS is maxed out at 5 billion already, that means half of all the diluted warrants were already exchanged. Plus whatever else has been exchanged the last 3 weeks. It will be safe to say all the warrant dilution is gone. Also can't short a stock at .0001.
All signs point up on this one. Before today's news i would agree with you but not after today.
If i were you i will throw at least 100 bucks at this so you wont feel left behind.
WOW, over 150 million on bid now. Up we go .0001 sellers running out of shares to sell.
WOW, today's volume is half of the volume of the entire OTC market.
VPCOD 2.1B VS OTC 4.4B
If this volume continues tomorrow we should see PPS at between .0002 and .0004
slowly but surly going up. VPCOD has run out of options to have PPS back over .01. They have no choice to stop the bleeding for now.
someone that's going to make a lot of money.
100 million on the bid, that is no warrant holder.
bid back in!
almost at 1b shares traded already. I'm telling you this baby is going to finally run.
and off to .0002 we go.
I agree with you that the amount of warrents still pending is way to much for this stock for longs. Longs are toast!
but if you want to turn a profit for a stock that for the last 2 years has bleed itself to death then now is the time to buy.
Like you said this con men will do anything to keep making money and that includes staying listed on this exchange. They will do anything to bring this PPS to over .01 again.
No reveres split is pending because they now that will another one will not keep their PPS over .01 for 30 days to clear their notice. last spit went under .01 again after only 10 days.
They must increase this PPS to over .01 organically or the company is toast . They will not let this happen. now is the time!
Bid is back baby!
no more bid days ahead
This is what so many have been waiting for the restructuring of the warrants and a push for the stocks PPS to .01 WITHOUT a reverse split.
if you read the news correctly it states that was their obligation before this "Intention to Conduct Registered Exchange Offer for Outstanding Series A Warrants"
once the "Intention to Conduct Registered Exchange Offer for Outstanding Series A Warrants" is completed then
The terms of the Series B Warrants are expected to include the following features:
•Each Series B Warrant will be exercisable into one share of Vapor common stock at an exercise price per share of $0.01.
•The shares of Vapor common stock issuable upon exercise of the Series B Warrants will be registered for resale pursuant to a registration statement prior to issuance of the Series B Warrant.
•The Series B Warrants will expire on July 30, 2021 compared to the expiration date of July 23, 2020 for the Series A Warrants.
•Similar to the Series A Warrants, the Series B Warrants will contain a limitation under which exercise is not permitted to the extent that the holder or its affiliates would beneficially own in excess of 4.99% of the Company's outstanding common stock.
The Company expects to commence the exchange offer following the filing of a Form S-4 registration statement setting forth the terms of the exchange offer.
In addition, the Company announced today that it had repurchased in a negotiated transaction 2,835,560 Series A Warrants in exchange for $0.25 per Series A Warrant and a warrant to purchase common stock with an exercise price of $0.01 per share. Through this repurchase, the Company expects to save an additional $3.1 million in potential payment obligations to the former holders of these Series A Warrants.
looks like VPCOD wants to push the PPS to .01
no mention of revere split so they will slow down warrant conversation which also means the OS is not maxed out. looking at volume since the 1 for 20000 split and i think OS should be around 2 Billion. Does anyone have an update of the actual current OS?
We may finally see a bounce here with a reveres split hovering overhead.
Any thoughts?
Vapor Corp. Announces Intention to Conduct Registered Exchange Offer for Outstanding Series A Warrants
DANIA BEACH, Fla., June 21, 2016 /PRNewswire/ -- Vapor Corp. (OTCQB: VPCOD) (the "Company"), a leading U.S.-based distributor and retailer of vaporizers, e-liquids, e-cigarettes and e-hookahs, announced today that it intends to conduct a registered exchange offer to provide both $0.25 per Series A Warrant exchanged and a Series B Warrant of the Company in exchange for each of its outstanding Series A Warrants.
Each outstanding Series A Warrant currently represents the right to (1) effect a cashless exercise permitting the holder to receive shares of Company common stock under a formula set forth in the Series A Warrants or (2) purchase one share of common stock for $1.24 per share in a cash exercise. Currently, under the formula for a cashless exercise, each Series A Warrant represents the right to receive approximately 5,410 shares of common stock. As of June 20, 2016, there were 70,644,794 Series A Warrants issued and outstanding. All of the figures with respect to the Series A Warrants do not give effect to the two reverse splits of the Company common stock in 2016.
The terms of the Series B Warrants are expected to include the following features:
•Each Series B Warrant will be exercisable into one share of Vapor common stock at an exercise price per share of $0.01.
•The shares of Vapor common stock issuable upon exercise of the Series B Warrants will be registered for resale pursuant to a registration statement prior to issuance of the Series B Warrant.
•The Series B Warrants will expire on July 30, 2021 compared to the expiration date of July 23, 2020 for the Series A Warrants.
•Similar to the Series A Warrants, the Series B Warrants will contain a limitation under which exercise is not permitted to the extent that the holder or its affiliates would beneficially own in excess of 4.99% of the Company's outstanding common stock.
The Company expects to commence the exchange offer following the filing of a Form S-4 registration statement setting forth the terms of the exchange offer.
Vapor Corp. Enters Into Fourth Amended and Restated Standstill Agreements With Holders Of Its Series A Warrants
DANIA BEACH, Fla., June 21, 2016 /PRNewswire/ -- Vapor Corp. (OTCQB: VPCOD) (the "Company"), a U.S.-based distributor and retailer of vaporizers, e-liquids, e-cigarettes and e-hookahs, announced today that the Series A Warrant Standstill Agreements (the "Amended Standstill Agreements") have been amended and restated to permit the repurchase or exchange of the Series A Warrants in certain additional circumstances. These circumstances include the repurchase of the Series A Warrants below a certain price per warrant and pursuant to the terms of the recently announced exchange offer for the Series A Warrants. In addition, pursuant to the terms of the Amended Standstill Agreements, the Holders agreed in certain circumstance to receive only common stock (and not cash) pursuant to an exercise pursuant to Section 1(d) of their Series A Warrants. Those circumstances include if the Company is deemed not to meet the "Equity Conditions" of the Series A Warrants because of the failure of the closing price of the Company common stock to be at or above $0.01 per share. More than 85% of the Series A Warrants are subject to the Amended Standstill Agreement.
In addition, the Company announced today that it had repurchased in a negotiated transaction 2,835,560 Series A Warrants in exchange for $0.25 per Series A Warrant and a warrant to purchase common stock with an exercise price of $0.01 per share. Through this repurchase, the Company expects to save an additional $3.1 million in potential payment obligations to the former holders of these Series A Warrants.
thank you!
Anyone with L2 can tell me how many more shares are on bid at .0134?
What's going on today? Anyone have a guess why we haven't moved a share today?
Endless amount of shares at.0001.
It never ends, frustrating!
These are the only reason FINRA will decline the RS due to rule 6490
Factors that may be considered by the FINRA Operations
in finding a request to process documentation related to a Company-Related Action
deficient are explicitly limited to the following:
1. FINRA staff reasonably believes the forms and all supporting documentation, in
whole or in part, may not be complete, accurate or with proper authority;
2. the issuer is not current in its reporting obligations, if applicable, to the SEC or
other regulatory authority;
3. FINRA has actual knowledge that parties related to the Company-Related Action
are the subject of pending, adjudicated or settled regulatory action or investigation
by a regulatory body, or civil or criminal action related to fraud or securities laws
violations4
;
4. a government authority or regulator has provided information to FINRA, or FINRA
has actual knowledge, indicating that persons related to the Company-Related
Action may be potentially involved in fraudulent activities related to the securities
market and/or pose a threat to public investors; and/or
5. there is significant uncertainty in the settlement and clearance process for the
security
I agree with some of your points but not all. Warrent holders are also losing money as I was a Warrent holder. This is how, I send me Warrents in today for exchange and I get the value for the last 2 days. It then takes VPCO a few days and even a few weeks in one of my cases to convert. While I was waiting to receive my shares in my brokerage account the PPS drops another 30% for example, then I have lost 30% of my investment. Everyone here is getting a raw deal. Just take another look at the 10q under the legal section, VPCO even got sued by a Warrent holder for taking to long to convert his Warrents.
Also keep in mind the Units were available for everyone to purchase it was not just for their investor friends. So it's not Warrent holders VS common stock. It's more like Warrent holders & common VS VPCO management.