Ultima ratio regum! give me oysters and beer for dinner every day of the year.
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Summers almost over... Where is that rebrand??
I believe it was scheduled for later in the summer, not end of summer...
Lol. I must have forgot to put on my stupid glasses. Nice of them to finally admit that this is a pump and dump and stop pretending they r a real business. Today's PR basically said "ERBB announces new way to pump stock"
I remember when med box had dr. Bruce talking in front of their green screen. Looks like ERBB is finally catching up... Just a few years behind and lower quality - like everything ERBB does!!!
Lol. Did anyone watch the video!?!? The office they r in looks ok but the quality is pathetic!! Talk about unprofessional! Cool background on the green screen... It really looked like he was in the forest!!
Lmfao
What's the net after servicing that debt??
Because the stock is about to run to 10 and they want to be able to sell when that happens...
We will b getting a pr like this every week IMO. Now that thy have the money expansion is about to go into hyper speed!!!
When investing in companies u always here real investors say the people are the most important thing. Soooo many penny stocks prove that. The management teams that don't communicate and don't have retail shareholders interests in mind always go no bid then r/s then no bid again.
"don't bite the hand that feeds you."
Very important concept that management doesn't get!!!!!
Nope. Not without a r/s... And not with this much toxic debt. And especially not with management that r such huge a holes!!!
Only way we will get buying is with communication. Summer is almost over. Bad summer for oslh and its shareholders. No rebrand and management Mia as we race to no bid...
Now this afternoon's 8-k makes sense. The pos management wanted to butter is up with "good" news before dropping the def 14...
I'm not buying the units.this stock will run. They have an opportunity to make a lot happen near term with their capital...
Management will get a pump going. They have big money and r making progress.. This will run hard in time...
Lol. I was long this. My avg is closer to $3. I thought we would get an exciting profitable tech acquisition that would launch this to $10. Maybe a big app development company, app advertising business, maybe even a holding company with a bunch of exciting apps. Instead we got a carpet company that's only worth what we paid for it. There r no synergies with the original live business, no economies of scale, no cost savings, no added growth to either business. We leveraged up to buy cash flow. Now we have more assets and more debt with no excitement.
It's like management was like "wow our business (live deal app) is so cool and exciting we need to take things down a notch. What the most boring business we can get our hands on? Oh, I know. A carpet company!"
I also can't tell you why they spent all of that money on a carpet company and have yet to update the app!!
Lol. What type of company would a restaurant app/carpet business make a good target for??
Actually I heard groupon is looking to enter the carpet business!!! Lmfao
Buys all day. 25 mill eod dump...
There's more. Just off the top of my head AGTK/MWIP, erbb, ndev, every mj stock with a market cap under $1 mill...
I really hope this isn't the direction the rebrand takes us. Not only is everyone trying to do it but when mj becomes fully legal there will b no need for the business.
IMO they could go the direction of their lgbt rewards program and make it for mj. I can't remember the website but check it out and imagine it being all about pot and not lgbt. That IMO could b great. Mobile payment tech... Not so much.
What's been happening here?? Wow, things really fell apart...
Lol.
I agree. Big things coming IMO. The dilution potential is scary but it seems they have a lot of growth options...
Anyone find anything on healthsol??
Last year when I watched public companies rushing to payment solutions I thought it was too late and very near sighted.
Now that oslh is doing it I still think it's too late and near sighted. What happens when banks start working with the industry? Not to mention every public company out there is working on a mj payment app...
U can change a post through the website for like 15 min after its posted.
I have the same problem but I don't think you can change it on the app.
Item 8.01 Other Events.
On August 13, 2015, OSL Holdings Inc. (the “Company”) entered into a Letter of Intent (the “LOI”) with HealthSol Limited, a British Virgin Islands company (“HealthSol”), pursuant to which the Company and HealthSol intend to enter into an unincorporated joint venture or other similar agreement. The Company and HealthSol intend to develop and market a mobile-to-mobile payment solution to solve current cash-only issues for the pain management and alternative medicine marketplace, subject to and in accordance with the terms of a definitive agreement.
I was long. Now I'm stuck. Ur just stupid. Perhaps u like getting f'ed by management!!
I've been here longer than just about everyone. U say they r a start up but I have seen the business make huge progress and the stock has collapsed... Why? Because management sucks!!!
GTFO and stop looking sooooo stupid!
U still haven't made a clear argument as to why u r bullish on oslh... Maybe u need to b because oslh is in ur name!! R u Steve?!?!?
Word. Mj stocks aren't doing well. I thought they might make a come back this summer but nothing. IMO too many scams and death spirals out there. It's so hard to find a decent mj stock these days. CANV is a perfect example of that...
$1.20?!?
There r way better mj lotto tix out there IMO.
It crazy that this is what real advisors were putting clients requesting mj stocks in. Now it's just another toxic debt play. They probably feel stupid.
I feel like the green rush left a sour taste in a lot of new penny stock investor's mouths. IMO CANV and similar stocks really hurt the OTC markets... It will take years (maybe 10+) for the OTC to recover IMO
Where do u see this going if u "win the lotto"?? Lol
That or he is on an island somewhere with our money. Smoking a fatty and laughing at us suckers!!
Idk... I feel more red coming...
This was once the most conservative/solid OTC mj stock. Now it's just a toxic debt play like the rest until we see otherwise...
Remember that insider that had the article about being the first pot billionaire??? He probably killed himself lol
"Solid management + Expansion plans already in the works"
Care to expand on that??
Sups coming??
Yep. Buy VPCOU and get in on VPCOs toxic debt!!
At least the company got some real money. Now it's up to management to make it happen. I wouldn't be surprised if insiders were buying into VPCOU....
It's all management fault IMO. Like u said the hydroponics r a highlight... So why it stock with that?? Instead they r all over the place!!
The reason they have crap financing is bc management is crap! If they acted like real business men (had a decent plan they stuck to and treated shareholders with respect) they would have real funding IMO...
Management needs to go or apologize and prove themselves IMO.
Trips before r/s??
"I would think this stock would be running a bit based on the potential rebrand."
IMO it's not running because it is such a gamble. They said they were rebranding the whole company and then went silent. IMO they will continue to b in the mj space but it could be a completely different business. No one knows except management and they always seem to b looking for ways to screw retail...
Lol!! I bought some more of this despite this boards consensus. Too bad a missed the pop this morning. Probably would have sold a bunch at 1.25...
IMO The dumping was people who know how this stock works locking in profits and waiting for the next dip.
Why isn't VPCOU moving today?
I hope so.... When will management show their faces?? We need the rebrand!!!
Vapor Corp. Reports Second Quarter 2015 Results
Source: PR Newswire (US)
DANIA BEACH, Fla., Aug. 17, 2015 /PRNewswire/ -- Vapor Corp. (NASDAQ CM: VPCO, VPCOU) ("Vapor" or the "Company"), a leading U.S.-based distributor and retailer of vaporizers, e-liquids and e-cigarettes, today announced its financial and operating results for the second quarter ended June 30, 2015.
Second Quarter 2015 Financial Highlights
Net Sales More Than Double Q2 2015 vs Q1 2015
Net sales for the second quarter of 2015 were $3.0 million compared to $1.5 million in the first quarter of 2015, an increase of 105%. This increase was primarily due to the Company's retail Vape Stores expansion strategy and increased wholesale sales.
Gross Margins Increase
Gross margins for the second quarter of 2015 increased to 45.2% from 25.3% the same quarter one year ago and from (-12.4)% from the first quarter of 2015. This increase was primarily related to product returns and discounts that were recognized in the previous quarters, as well as improved operating margins from the Company's retail operations. The Company has struck new wholesale agreements with many of its retail customers to minimize the impact of future product returns and discount programs.
Adjusted EBITDA Loss Reduced 46% in Q2 2015 vs Q1 2015
Adjusted EBITDA, a non-GAAP financial measure, was ($1.5) million in the second quarter of 2015 compared to ($2.8) million in the first quarter of 2015. This significant reduction was a result of the Company's two-pronged strategy to shift its wholesale business to concentrate on smaller retail chains (generally 150 stores and less), while seeing the benefit from operating more of its vape stores for a full quarter.
"In the second quarter of 2015, we drove sequential quarterly revenue growth of 105% through our revised wholesale strategy and the strong performance of our 'The Vape Store' retail locations," said Jeff Holman, CEO of Vapor Corp. "The recent completion of our $41.4 million capital raise offers us the ability to significantly expand our direct-to-consumer model, 'The Vape Store,' by opening new locations and acquiring existing vaporizer retailers, which will be transitioned over to our brand. We currently have 11 'The Vape Store' locations, with a goal of increasing the number of company-owned retail stores by 20 to 30 locations before the end of the calendar year."
Greg Brauser, President of Vapor Corp., stated, "Vapor Corp.'s competitive differentiator is rooted in our buying power and fast-growing network of retail locations. As we continue to acquire stores and expand our brand, our economies of scale and purchasing power will increasingly improve, further enhancing our ability to offer the industry's highest quality e-liquids and vaporizers to customers at reduced prices. These strengths elevate our competitiveness in the approximately $3.5 billion vaporizer market and favorably position us to achieve our long-term goal of being the leading national vaporizer retailer."
Recent Business Highlights
Completed an offering of 3,761,657 convertible preferred stock units at $11 per unit for gross proceeds of approximately $41.4 million and net proceeds to Vapor Corp. of approximately $38.7 million.
Opened 11th "The Vape Store" location in Kissimmee, FL, in response to the growing consumer demand for vaping products and in recognition of the shift in consumer preferences to shop in vape-dedicated stores.
Fully implemented a new point-of-sale and retail software system in all of the Company's Vape Stores to improve efficiencies and controls as part of its expansion plan.
Completed overhaul and relaunch of TheVapeStoreOnline.com, Vapor Corp.'s e-commerce channel and premier destination for e-liquids, devices, tanks and coils, as well as educational resources for both new and experienced vaping customers.
Successfully relaunched Vapor Corp.'s affiliate program, whereby affiliates are supplied with a unique coupon code and receive commission for every product purchased online at Vapor Corp.'s e-commerce websites when a customer enters their code at checkout.
Rolled out a rewards program across all retail store locations and on Vapor Corp.'s e-commerce site.
Launched "Naked Fish", a new, premium line of dripper e-liquids. The Naked Fish line is mixed using the highest quality USP Kosher Food Grade Vegetable Glycerin and Propylene Glycol.
"On the heels of our recent capital raise, we are in a much stronger financial position. We are debt-free as of today and have what is likely the largest cash war chest in this segment of the industry. During the second quarter we completed the recognition of all returns and write-downs on expired e-cigarette product. In addition, we have entered new agreements with many of our larger wholesale retail customers that minimize our responsibility for the sell-through of product through their stores, mitigating our exposure to the magnitude of returns that stymied the e-cig industry in 2014," concluded Mr. Holman.
Non-GAAP Financial Measure
This press release includes both financial measures in accordance with Generally Accepted Accounting Principles, or GAAP, as well as a non-GAAP financial measure. Generally, a non-GAAP financial measure is a numerical measure of a company's performance, financial position or cash flows that either excludes or includes amounts that are not normally included or excluded in the most directly comparable measure calculated and presented in accordance with GAAP. Non-GAAP financial measures should be viewed as supplemental to, and should not be considered as alternatives to net income, operating income, and cash flow from operating activities, liquidity or any other financial measures. They may not be indicative of the historical operating results of Vapor nor are they intended to be predictive of potential future results. Investors should not consider non-GAAP financial measures in isolation or as substitutes for performance measures calculated in accordance with GAAP.
Our management uses and relies on adjusted earnings before interest, tax, depreciation and amortization, plus non-cash stock based compensation and changes in the fair value of derivatives or Adjusted EBITDA, as a non-GAAP financial measure. We believe that both management and shareholders benefit from referring to the following non-GAAP financial measure in planning, forecasting and analyzing future periods. Our management uses this non-GAAP financial measure in evaluating its financial and operational decision making and as a means to evaluate period-to-period comparison. Our management recognizes that the non-GAAP financial measure has inherent limitations because of the excluded items described below.
We have included a reconciliation of our non-GAAP financial measure to the most comparable financial measures calculated in accordance with GAAP. We believe that providing the non-GAAP financial measure, together with the reconciliation to GAAP, helps investors make comparisons between Vapor and other companies. In making any comparisons to other companies, investors need to be aware that companies use different non-GAAP measures to evaluate their financial performance. Investors should pay close attention to the specific definition being used and to the reconciliation between such measure and the corresponding GAAP measure provided by each company under applicable SEC rules.
The following table presents a reconciliation of Adjusted EBITDA to Net loss, a GAAP financial measure:
2015
Q2
Three months ended
June 30, 2015
Q1
Three months ended
March 31, 2015
Sales, net
$ 3,011,303
$ 1,468,621
Gross Margin
1,359,698
(182,489)
45.2%
-12.4%
Advertising
67,398
105,177
Selling, general and administrative
3,534,304
3,243,189
3,601,702
3,348,366
Total other expense
2,511,251
450,341
Net Loss
(4,753,255)
(3,981,196)
Add Back:
Interest, net
535,001
377,459
Change in fair value derivative liabilities
(214,768)
37,965
Depreciation and amortization
648,981
437,632
Stock based compensation
173,691
364,576
Other stock based expense - waivers
2,113,889
-
3,256,794
1,217,632
Adjusted EBITDA
$ (1,496,461)
$ (2,763,564)
About Vapor Corp.
Vapor Corp., a NASDAQ company, is a U.S. based distributor and retailer of vaporizers, e-liquids and electronic cigarettes. It recently acquired the retail store chain "The Vape Store" as part of a merger with Vaporin, Inc. The Company's innovative technology enables users to inhale nicotine vapor without smoke, tar, ash or carbon monoxide. Vapor Corp. has a streamlined supply chain, marketing strategies and wide distribution capabilities to deliver its products. The Company's brands include VaporX®, Krave®, Hookah Stix® and Vaporin™ and are distributed to retail stores throughout the U.S. and Canada. The Company sells direct to consumer via e-commerce and Company-owned brick-and-mortar retail locations operating under "The Vape Store" brand.
Great post!! Thank you!
Classic. U know how to reply spot a scam? R/s over 1:10.
This will completely wipe out current shareholders and give management a chance to start over...again!
Why do such a large r/s?? If they had a plan that could move the stock cutting the o/s in half would do the trick. IMO big r/s means management is only looking to screw shareholders and dilute to pay salaries...