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I bought some of Audi's shares today.
Not exactly what I was hoping to hear.
So, who's up for some corks?
Yes, that was why I put my question to the board last week re: significant price moves. I believe this board holds even more than the 530mm I am aware of. There are many long time lurkers here, as well as regular posters that have not disclosed - and that is fine. My count represents only about 40 positions.
Yes they do. Curious that that hasn't been updated on the OTC site yet. It's been over a year.
Just sharing my informal tally from those who have shared, even though I have no way of adjusting amounts as a result of last week's chaos.
Prior disclosures on this board put well over 10% of the OS in "our" hands.
Since there is no asset listed for a plant in China, I have assumed they bought capacity, not property. They probably paid for the specific tooling and buildout, but I believe that would show as an expense item and not a capital one, especially if they don't actually own the facility. I could be wrong, but I believe the PR said they "opened" a facility, not they "purchased" a facility.
It would also make sense from a cost perspective. While they would have been on the hook for their specific tooling, the labor would be variable as orders fluctuate. Farming out the labor to a third party would be prudent with that variability. Why take on the overhead of hiring EEs when you can just pay for what you need?
I also met Dror and Yaniv at ASD, speaking with both of them at length. I came away with same perspective as Audi.
But, just like many of you, I also want additional clarity this week.
Yes, I understand NewGen is out of the picture. I was addressing Bill's question of what we have left?
We dont own ez grinder. Then what do we own and for how long. Rights to distribute? Cant that change. We own nothing?
The point was I'm still waiting on the Div.
On one hand we own the licensing for cork related "stuff". On the other hand, previous PR indicated a Total Vapor spin off, among others. With Dror's departure it certainly isn't clear (to me) where we stand, but it appears grinder revenue may be limited to distribution.
Under the terms of the Merger, NewGen Concepts will immediately explore the spin-off of each of Vapor Group's subsidiaries as an independent, publicly-traded company, wherein the first spin-off would occur in early 2017 by a share dividend to existing shareholders of record on a given date of ownership.
Still waiting on this part to happen...
I did some nibbling on the 21's today.
No problem, I get your point about nobody noticing. Could be.
From memory though, I thought they recognized Exec comp on an infrequent basis, and not every quarter. I want to go back through the old reports and see if I am remembering this correctly.
If that is the case, then a plug in value may or may not be needed in this particular version, and could have been a sloppy left over. Of course this begs the question of process maturity, but that's another topic.
Understood. I was thinking everything else was in order, except that the entry was wrong and wasn't included as a dependency, it only altered the EPS. I will look it over this weekend when I have more time available.
Thanks for the "non-hysterical" response.
Anybody that has been part of a small company knows that spreadsheets are everywhere. I'm not defending what happened, but I wouldn't be surprised if the financials were all linked or calculated values, except for the Comp number which was a plug in value left over from a previous version. Unfortunate and sloppy, yes, but mistakes do happen.
I don't believe the entry was "buried" in some other place.
My accounting friends, does a significantly depressed PPS trigger or neccessitate any further dilution due to MC changes (and ratios)?
From what I've gathered from disclosures on this board, we collectively control a very significant % of OS, and as a group, will easily move the PPS if there is a mass exodus (which btw, IMO is clearly already in progress).
Missed opportunity.
With a conscious decision to avoid the topic(s) at hand, I have to assume our new SF friends are calling the shots... Unsettling.
Having an unknown entity as the new controlling interest absolutely concerns me. I am also curious about the distribution of EG income and how the allocation of revenue will ultimately hit the bottom line. Some clarity on this is appropriate and in order.
I appreciate the laundry list of Q's submitted, but honestly am only expecting a limited response. Quality of the communication is the key, not the quantity.
As for positioning, what I am struggling with are the future prospects vs these new unknowns. Communications, or lack thereof, will be telling regardless of what happens.
GLTA
A bit of clarity on the corks from the quarterly. Nice to see the patent was awarded in France.
Following the merger, on November 8, 2016, all intellectual property pertaining to “Simple Cork” was
transferred by the Issuer into a new, wholly-owned subsidiary, “Simple Cork, Inc.” incorporated by the Issuer in the
State of Florida. By the end of 2017, Simple Cork, Inc., plans to go-to-market nationally and internationally with the
Simple Cork product.
On July 14, 2017, the Issuer was granted its first patent for “Simple Cork” by the French government.
All Company products are made for it by third-party manufacturers under specific manufacturing agreements.
Please leave some cheapies for me next week!
Spurs ok?
Thank you for taking the time to put this together. Looking forward to the response.
Just called the Chicago variant and they said they are not the ones mentioned in the VPOR PR.
SIX digits? That's a half mil above the previously posted order #.
Standing firm here, at least until Q3 fins, as I've stated before.
Still waiting to see disclosures on the cork, but I don't expect that to play out until a bit later this year.
I wouldn't be surprised if some or all of those piddly debt amounts are somehow related to the upcoming arbitration. If the company believes they have a strong case they may hold off until it is settled one way or another.
Who here is in the VPOR stock "ALL IN MEMBERS" copy paste the post and Add yourself to the list!
1. Stewy_33
2. 11AudiS4SC
3. Jbb
4. Canofan
5.wmeshel
6.kinglord
7. Locksmith
Your comments are ALL consistent with the conversations I had with Y and D back during the ASD show a couple of weeks ago.
I've said it several times before, patience everybody. Q2 should give us insight into startup costs, orders, etc, but Q3 and beyond is when I think things will really start to happen.
Simple Cork
Shalom is removed, as I expected, but Dror is not listed here either...
http://search.sunbiz.org/Inquiry/CorporationSearch/GetDocument?aggregateId=domp-p16000089384-b653789e-c36f-43e5-846b-246fe8a0fac7&transactionId=p16000089384-2fd4e240-ba6f-4fed-9ef1-99a246f2dd63&formatType=PDF
Nice summary. A thoughtful post - how refreshing!
Spot on. Q3 and Q4 will show how well the current approach panned out. We all have the ability to stay or go at any time. I have my sights on later this year, as I think it will time for the distribution channel to become fully established.
It's still early in the game. Just warming up now, IMO.
You have no basis to make that claim about their character. It's a shame that you'll be able to benefit from their efforts while you hide behind the anonymity of this board and sling mud.
Yes, everyone is entitled to their opinion, but you always manage to take the low road in the process. It defines you.
My take away from ASD is that the product is indeed moving, but it may take some time for the distribution channel to become fully engaged and for greater brand name recognition. It is happening, no doubt it.
Patience is the word that keeps ringing in my ear.
With only a month of product in hand for Q2, I'm really moving my sights to Q3 fins.
We are still early in the life of this product. Let's give it some time and see what evolves.
Trade shows are like a box of chocolates, you never know what you're gonna get. Fingers crossed for good results this week.
This scenario isn't that far fetched at all. They have been looking to move into alternative markets and even Cramer mentioned their non-tobacco acquisitions on his show several weeks ago.
I'm surprised nobody mentioned this possibility until now. Once a couple of Q fins are out and the split happens, this would be a very nice exit strategy.
I wouldn't, however, want the cork lumped into the deal. That needs to stand alone once contracts are in place and a proper valuation can be determined.
Nonetheless, the future looks bright.
Because he doesn't want to hold his short position over the weekend and wants to cover today.
They removed the note about availability on Amazon.
Don't need that distribution channel any longer or just too costly? Other?
That would help tidy things up a bit and put away at least one unanswered question. Cleaning out the closet would be a great underlying theme towards establishing a sound corporate image.
What would be nice would be a $2mm buyback funded by preorder agreements.
The spilt wouldn't bother me at all because the math works out the same. It would, however, help pave a path to a different market; i.e. uplisting. To that end, I would welcome the reverse split and actually have been expecting it.
Scotty, beam me up. Bring me back after Q3 fins.
Well, well now. A nice example of supply and demand in action, I'd say.