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Making room for the new carbon graphite version?
That’s just it. There is no demand.
It’s not manipulation, it’s supply and demand. All the 13s were gone and there was a spread of 2 (12/14). The next order that hit tape was a 13, and it went to the ask. And it was mine, btw.
Looks like we are back on Prime. Sold and fulfilled by Amazon.
I agree that audited fins are needed and I want to see them, too. I’ll give it a year.
All good stuff here, Cash (as usual). An alternative view (i.e. mine) of the non-audited financials situation is that D & Y are acutely aware of the implications of audited fins. My take is they know that going the audited route would force disclosure of the conversion rate and put further downward pressure on pps since the rate would then be known/disclosed.
I believe they are consciously deferring to go the audited fins route until later, when the pps can support a downward push. For all of our clamoring, doing so at this point just wouldn't make sense. A hit to pps now could invoke additional "trouble" if the debt to MC ratio is further eroded. I don't know that this is the case, but I wouldn't be surprised if this kind of provision is in place with some or all of the note holders.
I think they know exactly what they are doing. There is a TON of money within their grasp and I just don't see them risking that huge payoff. A few on this board (including those still lurking) have had this conversation with Y F2F and they know he will bring the corks to market. As I've said before, if the corks are going through the same level of scrutiny that the grinder did, then I'm ok waiting a bit longer. Heck, they might even sell some grinders in the meantime!
I'm not so sure. I don't know where the handle will be made, but remember, this is a licensing deal. The cork manufacturers will produce the product themselves.
I'm pretty sure they did test on site in China with a variety of similar herbs that were available. But without the sticky "real deal" being available, my guess is that's what lead to the do-over on the current model.
Current feedback and reviews clearly indicate that they got it right and the grinder performs very well.
Regardless of what anyone says about their business acumen, it's very clear they nailed it with the current design. Holding back an inferior product was the right thing to do.
I think lighting will strike twice in the same place and the cork is going through the same process of refinement. A lot of the current bashing about the cork is the same as what was said about the grinder earlier this year.
When Yaniv put out the early video of the grinder a lot of people panned it, said it was fake, too big, too loud, etc. With that kind of warm welcome it's no wonder he has pulled back on his social media presence.
As I read the recent PR, it struck me that the one thing most large companies are concerned about (other than image and quality) is cost. I'm sure they have hundreds of cork variations and models that were abandoned for a variety of reasons. None of us care about the failures, it's the successful one that we all want to see. Just like the grinder, I'd prefer to see a well designed, cost effective product come to market late, rather than a costly or immature product that flops.
If the cork is getting the same level of design scrutiny that the grinder did, waiting a bit longer is fine with me.
The funding and the revenue split answers, I believe, were the most important. I'm good with this information. At least I can now begin
to put an earnings model together.
To be clear, "parent" only in the technical sense of managing the site and digital certificate. Remember the malibu example.
I have nothing to indicate anything going on on a business level betweeen the two entities. However, technical things can be the precursor to other "events". Who knows?
It looks like there are several things going on.
The association with the detox company is not an accident. I'm looking for something new in this space that we haven't heard about yet.
The fact that it was simplecork and not EG tied to the detox company supports the notion of a split of EG and the cork. I haven't found any association, yet, of EG and the detox company. Maybe Yaniv has something of his own that he will bring to market in this space?
The possible association to Jenssen Varela concerns me. Perhaps he was a long ago link that still maintains the vaporgroupstocks.com site? There is a reference on that page to an image from Oct of 2014. I REALLY hope this is a legacy site and not a new one. His recent legal issue would not bode well for Yaniv.
Sometime during past research, I found that the EG site is/was supported by Best Web Solution Co. They are based in FL but also have an office in India. My guess is Jenssen is not with this company. Fingers crossed on this one, in a big way.
Back to the hosting company, it is quite possible they were doing some internal maintenance for their own needs as many other sites were also relocated on the same day. The move itself could have been routine, but the co-location of sites is curious. It also could have been done by the hosting site to provide a new piece of hardware or to provide extra capacity for those sites. More to dig on this...
Lots of questions for you all to help look into. Never a dull moment, eh?
re: Simplecork.com outage
I am not a network admin, but I did consult with one. Here is my take on what may have happened. Stay with it; it gets interesting.
The outage itself could have come from a myriad number of reasons. Anything from a fat finger mistake, to bad tracking of paperwork, a mistake at the hosting site, or as a part of maintenance that didn't go quite right. However, consider that now is the general time frame that we were told Simplecork would come to market.
The simplecork.com site is hosted on a server along with over 900 other web sites. The IP address of this machine is 107.180.40.68. Any web site on this server will have the same address. The "setup" for simplecork.com includes the provision that at some point in time, the site may accept financial transactions, (but so far it does not). In order to do this securely a digital certificate must be applied. The interesting thing is that the entry refers to another site called drugdetoxcenterlongisland.com as the parent, or controlling reference to simplecork. It's kind of like this: Product.Company.com
So, an example would be along the lines of malibu.chevrolet.com.
The entry on/for the simplecork.com site is simplecork.drugdetoxcenterlongisland.com. Now that's a bit confusing! Why would simplecork be associated with another company's web site?
Digital certificates have an expiration date, usually in 1 year increments. This current certificate expires on 9/22/18 around 5:00pm ET, or 1 year from when the site was noticed to be back up, after having been down.
The owner of drugdetoxcenterlongisland.com is hidden, but interestingly on that same server is a site call vaporgroupstocks.com. Coincidence?
JENSSEN VARELLA is the owner of this site, as well as the following sites:
5bestpennystocks.com
delraybeachhalfwayhouses.com
deudapaga.com
drugrehabcenterlongisland.com
drugrehabcenters.care
drugtreatmentcenterillinois.com
drugtreatmentcenterindiana.com
drugtreatmentlongisland.com
drugtreatmentprogramflorida.com
drugtreatmentprogramsflorida.com
floridashealthinsurancenetwork.com
halfwayhouseslongisland.com
halfwayhouseswestpalmbeach.com
longislandtreatmentcenters.com
marijuanafriendlyhotels.org
potfriendlyresorts.com
recoveryessentials.org
rehabcenterslongisland.com
rehabcentersnorthcarolina.com
soberlivinglongisland.com
statinislandsoberliving.com
toppickpennystocks.com
treatmentcenterindiana.com
vaporgroupstocks.com
weedfriendlyhotels.org
I believe JENSSEN VARELLA is located in the same area of FL where our VPOR friends are located. Coincidence?
Of the 900 or so sites on the same server, I found these other interesting sites:
detoxcentersdelraybeach.com
detoxcenterswestpalmbeach.com
drugdetoxcenterlongisland.com
floridashealthinsurancenetwork.com
palmbeachcountydrugdetoxcenter.com
simplecork.com
toppickpennystocks.com
vaporgroupstocks.com
I can't put Jenssen directly to VPOR, but both the simplecork and drugdetoxcenterlongisland sites were built using WordPress and both left the default description in the title (sloppy work for coders, but consistent).
Also, on 9/19/17, simplecork.com, vaporgroupstocks.com and drugdetoxcenterlongisland.com were all moved to the same server/IP address. I guess this could have been a coincidence, but if it was, what would have been the reason that the hosting facility used to co-locate these particular sites, on this particular day?
If you go to toppickpennystocks.com, the contact information points to nayla@nakedmedia. Jensson Varela is listed as a manager there http://www.florida-corporation-search.com/flcorpld_view.php?editid1=L16000108202 who also appears to be the person mentioned in this court order for operating a fictitious business http://www.dbo.ca.gov/ENF/pdf/2016/Consumer%20Capital%20Advocates%20LLC.pdf
Wow, my head is spinning.
Any of you long timers familiar with the name JENSSEN VARELLA, maybe going back to 2014?
Not sure if I'm going down a dead end but it seems like he is back (or still?) in the picture with VPOR. And I'm not liking what I'm finding...
I will need some time to put this all together and make sense of it, so any help would be appreciated.
Grinders are selling for $50 on the Diamond CBD site (until Friday) as a post Irma promotion. Code = Irma. They also mentioned a 10% contribution to relief efforts. That has to put their acquisition cost somewhere in the $40 range. If so, that in turn would put production costs around $20/unit or less.
Not a bad markup if sold direct. Too bad we don't know how much of it actually gets into the earnings bucket.
Yes, he is fine. He wisely chose to relocate and avoid Irma.
Well now, the plot thickens.
Still more shares to come and we're already near trips.
Ironically, I was almost wishing the cert was converted.... At least we could've blamed that for the price move. Now it's plain old lack of demand and too much supply - however that supply is being brought to market.
Sure hope a catalyst is in the works to generate some new demand.
Still here... I was pretty sure we'd see a pullback after Q2 results. Too much hype for just a few weeks of product availability; weak hands would walk, and they did. What I didn't expect was all of the cancelled orders and the lack of clarity on the revenue pass through. I was ready to double my position just as G, SP, C and others really dug up some nuggets. That plan is now on hold. With appropriate clarity I would be glad to extend my position further.
I'll give them a break with all the chaos of Irma, but a PR with guidance on how Q3 is going would be appropriate at this time. The irony is that even with a great PR, we still can't do a projection of possible EPS. That is more than annoying, but I'll give Yaniv the opportunity to make this right. My window for this to happen is now shorter than the amount of time I've been long.
C'mon Yaniv, do the right thing here, and now. You have a great opportunity to generate wealth for many, many people. That is your responsibility as the leader of the company. I support your efforts, but in the end, execution is what carries the day.
Ha! It looks like they didn't pay the bill. LOL.
Any European patent application is deemed to be a request to extend/validate the effects of the European patent application and the European patent granted in respect of it to all states not party to the EPC with which extension or validation agreements are in force on the date on which the application is filed. However, the request is deemed withdrawn if the extension fee or validation fee, whichever is applicable, is not paid within the prescribed time limit.
The time limits for paying extension and validation fees are governed by the national laws of the extension/validation states, according to which extension and validation fees are to be paid within six months from the date on which the European Patent Bulletin mentions the publication of the European search report.
If the extension or validation fee is not paid in due time, the request for extension or validation is deemed withdrawn.
If the extension or validation fee for a state is not paid within the basic period, the applicant can still pay it, together with a 50% surcharge, ....
https://www.epo.org/applying/european/request-extension-validation.html
IF a deal has been struck and the cork is getting ready to go to production, what if anything would need to be done to allow a third party to produce Simple Cork? Do any of the patent rights and/or assignments need to change?
I have limited knowledge in this area. TIA
What about the possibility that this is all positioning for the spin offs that were announced previously this year?
If you align the businesses under grinders, corks and other (liquids, accessories and other), you have clear distinction for products, branding and identity. If done this way each could clearly stand on its own as an ongoing entity, or perhaps just be put up for sale piece by piece.
IF a cork deal is in progress, they could be placing enormous pressure on this very small company to separate the cork business from anything MJ related before bringing the product to market. I have first hand experience with corporate giants absolutely demanding unreasonable deliverables and timelines to small entities. They dangle the contract in the air and throw their weight around knowing they have nothing to lose, but it means everything to the small company. In the process, corners get cut and mistakes get made. Could that be the case here? - IDK.
Yaniv strikes me as an engaging personality with a very strong work ethic. He put in a lot of time and effort to bring the grinder to market, and I would be surprised if he would allow this all to just fall apart. Will he make it right for himself and the shareholders? Time will tell.
My other observation is that he is always looking for new opportunities to grow the business. The stated mission of the company is to look for IP opportunities and it is unbounded by market or segment. They can pursue any endeavor they wish. Maybe something is in the works that has nothing to do with any of the current initiatives and this is all staging? We just don't know yet.
Am I content with the company's disclosures and how things have come to light in the previous few days - absolutely not. But, I think about the prospects of a cork PR and what may happen between now and then. I dread the thought of this going to trips, or worse, in the meantime.
Where does this all leave me? I've pretty much written off grinder revenue - and not too happy about it btw. But, when I think back to how Yaniv's eyes lit up when I asked about the cork, I am inclined to wait it out. When you do the math on a recurring licensing deal on millions and millions of bottles per year, the loss of grinder revenue will look like a bump in the road. I just hope we still have a ticker by then.
Traded shares are O/S. O/S is not impacted by trading volume.
Right on. We all know what happens when we assume. Yaniv will have a nice long weekend to put an appropriate PR together and address all of our concerns.
Maybe the next IP opportunity that they are pursuing is a way to predict when the rising lava dome in Yellowstone is going to blow, and the super-volcano blows us all away to smithereens. Maybe they are going to license the data and sell it on a subscription model? Being close to the action might have its advantages. Who knows?
http://www.express.co.uk/news/science/768778/Yellowstone-eruption-Supervolcano-BRINK-of-erupting-increased-activity
Yes, if you scroll down on the original "landing page" you can see the property history. Several listings and price changes over the years but no sales.
Yes, there is that possibility as the public records take time to show up. But, the history looks like a property that just won't move.
Looks like that property has been on the market for a very long time, probably with various agents. This does not look like a recent listing to me.
This is the same address where the various cork domain names are registered.
Bingo! Nice work!
Was this directed to me? If so, you missed my point. With O/S remaining the same, the downward pressure demonstrates more sellers than buyers. I expected a fall off after fins due to expenses and short sighted "investors". Downward pressure will continue until we can model sales, expenses and earnings. Until they come clean on the revenue split we're all guessing at what PPS should be.
So this continues to demonstrate the fact that without clarity and a clear reason to buy, the sellers are, and will continue to win the day.
Here's hoping that post-holiday trading brings better clarity and a catalyst to attract new money.
Have a good weekend everybody. And best wishes to all those still facing Harvey related challenges.
The lack of clarity on this topic I believe is the most contributing factor that continues to suppress pps. Yaniv needs to address this soon or I fear pps will continue to suffer. He needs to establish his image as the leader of this company and make this right. Yaniv alone now controls this destiny. Unless, of course, someone involved with SF is calling the shots.
I have to believe your post deletion was a mistake. As one of the level headed members on this board I would also miss your contributions. With the reinstatement of you post, I hope you reconsider staying around.
A quick review of the domains (i.e. web site names) that are registered to Y and D is pretty stark.
All eight cork related domains are registered to Yaniv. All "vapor" related domains belong to Dror.
Dror still owns easygrinder.com. He also has a brand new domain that seems unrelated to VPOR. It looks to be in the health and fitness area.
Yaniv = corks
Dror = Easygrinder
???
With EZ Grinder in the mix, it's unclear to me how (much) revenue is actually making its way to VPOR earnings. It could be $1/unit for all we know.
Until we get clarity on this I can't come up with the math to get this to a $250mm MC.
A nickel seems like a stretch without corks. We just have too many shares outstanding. Do you think a share buyback is going to happen?
Yes, it was to avoid confusion and was announced in a PR.
Binding arbitration that was scheduled for Aug 15-16 in SLC has no public record, and it appears that no case number was assigned either. I spoke with the Third Judicial District Court of Salt Lake County and they have no record of a case with Vapor Group or anybody named Savori. She concluded that since there was no case number, the "case" went straight to arbitration and that there may not be any public record of the settlement (assuming it actually went off as scheduled). Since it was likely a material event to VPOR, however, I would expect to see something related to this outcome in the Q3 fins, or a separate PR if it went in their favor.
You can find the reference to the above in the Q1 fins from this year, note 6.
Can any of you legal eagles provide any addition insight or clarity on this? I do not have a legal background.
Glad to see you are still here and long. Hope things are going well for you.
Oui oui!
The CBD part doesn't wow me that much either. I'm more curious about the prospects of what could play out as a distributor for grinders.