Ultima ratio regum! give me oysters and beer for dinner every day of the year.
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.
FYI most public companies (especially penny stocks) have been around as shells for many years and have had various companies reverse merge with them. It is not uncommon for these companies to have a long list of name changes, new management and different industries. The problem is when the same management is still running the company in a completely different industry than their expertise....
It's crazy that management has let this get to a market cap of less than $500,000. $5million in revenues!! MJ revenues!!! And we have a $500k market cap... Why? Because management is absolutely pathetic. They r either criminals or complete morons. My vote is for the later.
I wonder if the new hires have quit yet??
""People can expect consistency from state to state in American Green brands," states Steph Shearin, American Green president. "
Lol consistent crap and failures!!! Lmfao
"These products will be sold exclusively at all participating ZaZZZ network affiliates. "
Are there any "affiliates" in the zazzz network???
I agree that that is where the big pumps come from but IMO pumps r built on a foundation of long shareholders. Even the most loyal shareholders turn into flippers when they don't trust management. We need people who want to buy in the trips and hold for a dollar. That locks up the float and that is how we run. IMO OSLH lost trust of any current or future long and will therefore have much more difficulty making a run...
Not to mention we have $2mill in toxic debt just waiting to squash any run that comes along...
Fire management!!!
GLTA
Yes, it's a nice strip mall!!
Sounds about right
"I think FINRA said no approval on the RS"
Ha!! Good!! I wish they would say that more often. I'm sick of these penny stock management teams using the r/s as restart. Let's see if these guys can actually do something now that they don't have the r/s to lean on... Time to start running this like a business not a dilution scam!!!!
Let's see if we get an update from the company...
Lmfao. I just saw this. Curt Kramer is Asher enterprises!!! The king of toxic debt!!! Nice to see he is here to finish things off in true penny stock fashion...
What if the common price is below 1.08. Do the warrants convert at a lower pps??
Common is also a good deal at current pps IMO. Communication has started back up. They have big money. We r moving now!!
What's happening with this pos?? Under $2 now!!
$400,000 market cap and they have $5mill in annual MJ revenue. Normally I would say this is way under valued but management is soooooooo horrible it may actually be overvalued!!!
How have they not completed the rebrand yet!?!?! DO they not realize that common shareholders r getting murdered out here while they act like they have all the time in the world to turn this around?? This ship is sinking fast and rather then doing something to plug the holes management is out to lunch trying to decide if they should use paper or plastic!! Every day we stay in the trips is a day they issue 100,000,000+ shares to toxic debt holders and make it harder and harder for the stock to ever recover!!! How do these morons not get it!?!?
How'd u come up with that? Could go lower IMO. No business here and nothing in the pipeline...
We have about $2 mill in toxic debt. At today's pps that converts to about 20 billion shares!!! What is management doing to change that? We need the pps to increase drastically. If we had decent management we could b at a $50 mill + market cap IMO. Current management has us sitting under $2mill...
It's not an SEC thing. It's an OTC markets thing. IMO OTC markets doesn't want to drop anyone if they don't have to because QB companies pay a higher fee...
Sooooo, where is the bottom?
Everyone is looking to get out on a bounce which will make it very hard to bounce IMO. Management completely killed this. If only they we accountable to someone!!
The date says it's new... The content says its old...
We need management to show their faces to keep this from going now bid!! Trips with tons of toxic debt and management that seem oblivious to the entire situation is very scary!!!
It's always been very volatile but it's never really had more than 500 mill o/s. .. It's a very different stock than it used to b. About a year and a half ago it ran from sub penny to .20+
I don't see that happening again. It's like management is doing everything in their power to crush this stock!!
Do u think we get news Monday? We sure need something to stop our race to no bid...
Agree with everything but saying the converts can't lose. If they convert everything and it goes no bid they lose. IMO debt holders will push for a r/s before they convert. That would give them more room to pound the bid before it goes no bid.
What happens here you ask. Well I guess management did that huge pump with shuman, then cut ties and went back to business as usual. By business as usual I mean toxic debt, dilution, horrible communication, etc.
I would rather have an exciting tech company that makes money!! I wonder how they will describe the business in the next filing. It feels like live deal is so insignificant now...
I agree. I tried to pick up some .60 the other day. Had to settle for .65. A lot of good stuff finally happening here. With over $30 mill in the bank there r no excuse not to execute, especially in the near term IMO. Very Good things coming IMO
Why would they leave that out of the pr??
"each Series A warrant will be exercisable into one share of common stock at an exercise price of $1.24 per share."
I'm guessing the adjustment is in the 8-k somewhere?? No wonder they got the money. It's toxic debt in disguise!!!
If the pps of the common doesn't go above the warrant strike price the warrants are worthless..
"Do you see any hope?"
Yes! $40 mill in the bank! RUN COMING IMO.
rightfully so. The have been doing a fantastic job! LMFAO
The both got paid more than the current market cap!!! Why is that??
Worst management ever. Usually penny stock scammers never have anything happening on the business end and ride the stock to no bid. These a holes managed to do the same thing with $5mill in annual revenue and tons of eyes on their stock!!!
What morons!!!!!
I havent tried to contact anyone at the company in a while... Im too fed up with them at this point!!
LOL great idea but I think management already thought of that. They have preferred stock that combined will always have 51% voting. Common will ever control the company!!! Management can do whatever they want because they control the preferred and decide who they give it to... Classic bs move. It allows them to do whatever they want with the common. Common stock literally means nothing to them!!!
Is there anyone in the LA area that wants to go check out the store and see if they can find management??? When and how do we hold these scum accountable??
http://ih.advfn.com/p.php?pid=nmona&article=68063956
DANIA BEACH, Fla., Aug. 6, 2015 /PRNewswire/ -- Vapor Corp. (NASDAQ CM: VPCO, VPCOU) ("the Company"), a leading U.S.-based distributor and retailer of vaporizers, e-liquids, e-cigarettes and e-hookahs, today issued comments on its recent capital raise and the intention to expand its network of retail locations.
"Following the completion of our recent public offering, we are extraordinarily well funded and well-positioned to execute against our business plan swiftly and judiciously," said Jeff Holman, CEO of Vapor Corp. "I am happy to report that Vapor Corp. now has a financially clean slate and will use this significant war chest to fund our expansion efforts. Our 10 existing 'Vape Store' locations are performing well and are profitable at the individual store level. This significant infusion of capital will allow us to accelerate our retail expansion through a combination of new store launches and a roll up, in the form of purchasing existing, profitable vape store locations. The current retail environment is highly fragmented and ripe for consolidation."
On July 30, 2015, Vapor Corp. closed an offering of 3,761,657 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. Each unit consists of one-fourth of a share of Series A preferred stock (convertible into 10 shares of common stock) and 20 Series A warrants. Each Series A warrant is exercisable into one share of common stock at an exercise price of $1.24 per share. The units began trading on The NASDAQ Capital Market under the ticker symbol "VPCOU" immediately following the closing on July 30, 2015.
"As the vaporizer and e-liquid market continues to mature, there is a tremendous opportunity for Vapor Corp. to capitalize on its industry knowledge and proven track record of launching and supporting a successful retail store concept," continued Mr. Holman. "We are confident that consumers will react favorably to our expanded retail and branded presence. We are currently on track to fulfill our goal of increasing our company owned retail store footprint by 20 to 30 branded retail locations before the end of the calendar year. In addition, based upon "The Vape Store's" proven track record, we also expect the coming launch of our franchise model to be exceptionally well received."
These ramp-up efforts come amid considerations by the Food and Drug Administration (FDA) to implement its new regulations, further evidencing the constantly evolving e-cigarette and vaporizer market.
"We predict that the pending FDA regulations will improve safety and the responsible use of vaping products in what is currently a largely unregulated space. However, these regulations will likely make it more difficult for smaller, local vape shops to remain in business. As a result we expect to see the elimination or consolidation of much of the current vape store landscape. Vapor Corp. is cognizant of the opportunity that this presents for the company to make reasonably priced acquisitions during its consolidation efforts, and at the same time offer smaller businesses a reasonable liquidity event under the circumstances. Vapor Corp. is committed to the responsible use of vaporizers and accompanying substances, and is excited to be so strategically positioned to benefit from this changing regulatory landscape," concluded Mr. Holman.
Forward-Looking Statements
Possible only if management does a complete 180. With rebrand and transparency we can climb. It may b too late for current management to regain the markets trust IMO...
Only management can turn this around...
Cashless? I thought they were like 1.24 strike price...
Huge ask. Everyone running for the door. If this was a real company and their stock was performing like this they would publicly address it. Oslh management continues to act like everything is fine... They will fail because they r too embarrassed to even show their face!! If they had retail on their side they could get the pps up IMO. We will lose that opportunity when they issue half a billion shares at .0002 to convert $100,000. Then it will b a huge uphill battle against the diluters to move this IMO...
Do u really believe that this is going to explode again?? And why??
How stunning will they be??