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Within 11 trading days we have over 1.5billion in trading volume.......We have converted almost all the debt....The Pre Payments were just a warrant of good faith for investor confidence.....
Come next week or so when were debt free don't kick yourself.......
That's cool....But this debt is coming to a end...
This is literally the only OTC Stock I own that hasn't taken out any Toxic debt in 2015.....
That's why you buy now....If you wait til debt is paid be prepared to chase hard.....
0008's falling on L2
0008's falling on L2
Sorry boys for the bid sitting I'm doing.....Have a big chunk I'm trying to get.....lol
Some of my 11"s filled.....The Bid support is immense!...
With 10k , Buyback. And Dividend news looming......
We will see a rush any day now....
I don't believe the fluff but I also know how these things work and half of what your saying seems like to some attempt to rub it in that this company is failing.... If you sold move on....I still hold here and I've moved on....
I check back here to see how's things are time to time because I hold.... What's your reason.....
Let's be mature here...
The company does not benefit trying to pump the price up so the that the Note holder gets a profit on their conversion........(Unless there warrants )
That's why Note holders convert without mercy because they don't care What's going on they just want there investment back ...
Another solid week ahead
My order for more 0011's are queued up.....
Will have to watch L2 closely ....
Time to uplist to NASDAQ lol
Imagine Financials Wednesday with debt free PR and buy back announcement.....
Long week ahead lol.....
I'm just tired of given them the benefit of the doubt...They no longer deserve it....
When they come through with what they promise they can have that luxury back.....
I'm no longer going to assume and come up with rationalizations.....
GLTA
The 2 million was for the servers i didn't say it was for the facility.... Even if we get the facility we still need funding to fill the warehouse with our own servers.....
PR stated that were in negotiations for the new warehouse...
We don't have a new warehouse yet...and it doesn't matter because we don't have the funding to order the servers because the 2 million dollar loan still hasn't been agreed upon yet ,Hence why they are Leasing them...
If they changed their strategy back to building a warehouse im pretty sure we would see a PR about that...We can't just assume they aren't going to do what they said they are gonna do in the Press Release....
Straight from the PR
"The Company has cancelled all server orders previously reported. The Company has determined that its current facility in Washington State is not economical at the current electricity rate of $.09 per kilowatt hour. The average server runs at 1 kilowatt per hour 24 hours per day. The company determined that the cost of power in its expansion would be a significant factor in its profitabity for the future. Each Peta Hash at the current electricity Rate costs $64,500.00 per month.
The Company is currently in negotiations for a 10 Megawatt facility with electricity at the rate near $.02 per Kilowatt providing a cost savings of $.07 per Kilowatt or approximately $50,000.00 per month per Peta Hash.
The Company has determined that it is more economical to lease servers and Hash Rate than to build out the current facility.
"
Most likely had a much smaller share structure which can sustain those types of price levels easily.....
As it stands now 3 cents is my target....
But the way the CEO has been sticking to his statements.. If we get a buyback after debt is gone like he stated in the Blog Interview then I will hold much longer....
When it gets over 1 PetaHash's and it's on their address and not on someone's else's worker then I'll get excited.
This is just another BS event until proven otherwise
So much good vibes here just hope I get to double up at 0012 on Monday lol
The thing with ECI* that got alot of us hurt after the reverse was having our expectations too high and coming up with scenarios in our heads......
I still have a long position there because I believe in the long run it will work out but with this play it's more about What's already laid out in front of us and less about speculation......
Well they never had money hence the dilution but the last time they reversed before the one that just passed was 6 years ago....
For them to Max out the A/S again that will take them quite awhile before were at risk for a reverse...
Things aren't looking pretty here but Let's not get carried away with the antics. And leave the facts where they lie.......
Servers come online things will get better here but not if they keep stringing us along with that process....
A few reputable posters here having been following the debt situation through the filings and Financials and it lines up perfectly to what the CEO is claiming....
Also we will be able to see in the upcoming Financials that he didn't take on anymore debt....
The proof is already in the pudding...
I feel The same way and about to double up myself....
The thing is, its not like were loaded up on the beliefs something will happen , it's all laid out in front of us....
If he would of said I'm gonna do debt payments and I'm working on getting into shoprites I would of still been on the fence but all these things we normally hear only as forward looking statements have already been accomplished...
Everything finally fell into place for this play.....Now it's time for us to make bank....
Vapor Group, Inc., VPOR, Releases Letter to Shareholders
Vapor Group, Inc. (OTCQB: VPOR), (the "Company" or "Vapor Group"), today released the following letter to shareholders from its President and CEO, Dror Svorai.
Dear Shareholders:
First, for the full year 2014, Vapor Group did about $4 1/2 million in revenues (actual $4,481,839), an increase of about $2.5 million (actual $2,490,816), or 125% over calendar 2013 sales of $2 million (actual $1,991,023).
For the first quarter of 2015 preliminary revenue results show us well ahead of the same quarter of last year. Final results will be released in our forthcoming quarterly report to be filed before mid-May.
The results of the first quarter also include revenues from our continued expansion of distribution in Colorado and throughout the country for our e-cigarette, e-liquid and particularly our vaporizer product lines.
Important, we have also entered into an agreement with a major e-cigarette manufacturer in China who we will supply continuously with our proprietary "Made in the USA" e-liquids. in a complete range of flavors for resale internationally. We were chosen by them because of the high quality of our e-liquids, their excellent taste and range of flavors. (No one can offer anything similar.) In fact, we have already begun to export bulk shipments of e-liquid to China. We believe over time that this agreement will generate significant export revenues for us and further drive the growth of our e-liquid business.
Lastly, we continue to reduce our overall debt burden. As we stated in our 10-K of March 31, 2015 for the period ended December 31, 2014, we have reduced our debt by almost $2 million ($1,958,229) through prepayments and debt conversions to equity in the first quarter of 2015. As a result, the remaining outstanding balance of "Convertible notes payable" and "Accrued Interest" on our Consolidated Balance Sheet would be reduced to $1,441,314 from $3,399,543 which is what it was on December 31, 2014, that is a reduction of 58%. That said, we remain determined to eliminate all such debt by the end of June.
Please remember that 2014 was our first year as a public company and one in which we needed to invest in inventory heavily, drive sales, establish national branding and distribution, and demonstrate that we are here for the long term. We believe that in 2014 we demonstrated significant achievement in all these areas. For 2015, we are committed to continue to grow revenues in order to drive shareholder value.
In the coming months I look forward to providing you with further updates on the progress that we is making.
Very truly yours,
Dror Svorai
President and CEO
Vapor Group, Inc.
Definitely see that happening since They are about to be profitable starting next quarter.....
No Reverse Split also Announced
Dror Svorai, President and CEO, said, "Even though the Company has gone on record that there won't be a reverse split through June 30, 2015 and that a reverse split may or may not be considered for the remainder of the year, several shareholders have expressed concern that in the remainder of the year the Board could vote to reverse split our common stock because of the amount of shares issued and outstanding.
Clearly the concern is that such a reverse could negatively impact the value of our stock owned by our shareholders. Although the number of shares issued and outstanding remains of concern, the Board decided that in the interest of helping to maintain investor confidence that it would publicly state that it wouldn't authorize any reverse split in 2015." He added, "Moreover, the Board felt that our results for 2014, and those for the first quarter 2015 when announced, along with our ongoing efforts to further grow the Company, will help build the value of our common stock over the year.
In other words, over time, we believe we don't need to reverse split our stock to have its value increase, we can accomplish this by demonstrating the growth of the Company."
The CEO has been making cash payments towards the debt and in a letter to shareholders he let us know how much debt is left....
We have been burning through the remaining debt through conversions ever since then and we are almost done.....Also he hasn't taken out any debt in 2015.....
We are looking golden here....and it's not just forward looking statements... Just do your DD and you'll see all these facts in the SEC filings...
With the volume we have had and dilution out the way I can't wait for that outcome....
We can also look forward to them having a good amount of cash on hand....Which you can't say for 90% of the OTC....
This is the time to own this stock....When we're about to go across that horizon into Profitable quarters and Clean Debt....
He's needs to just fade into the darkness lol...
First the baseless claims and then when he tries to post facts their wrong lol...
To look at his resume and see how many major companies he's been involved with and think this company will fail cause it's on the pinks sheets is crazy...
He will be great just like he's always been...
ECIG LONGGG
Dror is really painting a good picture here...
Last piece of the puzzle he needs is his share price to follow suite so he can start securing Non Toxic loans....
I believe thats what his main goal is now....To drive the Stock price up and keep it there so his company can have the full package.....
That would and is gonna be nuts....Debt free and on their way to a profitable quarter....
SIGN ME UPPPP...
Well I know how the impatient investors and people who hold for a couple days Max think.....
I actually transferred funds on Monday to get back into mdcn cause it's on a dip but it seems it's a dilution fest over there......
Gonna double down here instead for more of a sure thing...
Holding strong here......Looking forward to news...
Have 10k clearing Monday to soak up the impatient....
$VPOR Strong....
Praying for nervous people to exit so I can double up on Monday lol.....
Yup more anticipating now.....keep churning this level until the 10Q.....