Ultima ratio regum! give me oysters and beer for dinner every day of the year.
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"DANIA BEACH, Fla., July 30, 2015 /PRNewswire/ -- Vapor Corp. (NASDAQ CM: VPCO) ("Vapor"), a leading U.S.-based distributor and retailer of vaporizers, e-liquids, e-cigarettes and e-hookahs, announced today that it has closed the offering of 3,761,657 units at $11.00 per Unit for gross proceeds of approximately $41.4 million and net proceeds of approximately $38.7 million."
Whats our current market cap?? Are we trading at less than 1x cash??
How r they going to put this $40 mill to work?? thats a lot of money IMO...
It may continue but it's not the diluters blocking a run today. VFIn and VNDM r backed way off. Retail is stoping us today... That and no confidence in management which makes it hard for new buyers to come in and old ones to want to stay...
"Take away the RS and you have no OTC."
Exactly. But this is a company that is listed on the Nasdaq and acts like it's in the OTC!!! No communication, reverse splits, dilution, dumping insiders, etc
Thanks!! I'm from the east coast so I don't have a lot of experience with dispensaries.
I'm guessing they just check ur credentials before u enter the shop and that's that, right?
Why do they need all of the fancy and complicated security features??
"I've used them plenty to just pop in to grab some goods instead of waiting behind long lines."
What kind of machines r dispensaries actually using?? I thought we had like the only one...don't we have patents??
Such a big r/s. Anything more than 1 for 10 is just scam material. This is a shareholder wipe out!! Why not do a 1 to 5?? Oh I know why: because this is a complete scam that uses investors as a tool to pay management!! And the increase in the a/s too!!! What a slap in the face. "Legal" (and I use the word very loosely) robbery!!! MF is a complete con man!!!
Seems like MF is coming to the end of the line with his reputation. So many name changes to run away from the past for AGTK. MF may need to conduct a personal name change if he ever want to interact with real business people again!!
This is pathetic. Didn't we just do a r/s to get over $1?? Lol. What a pos
Do we think they will actually b able to raise the money??
GLTA
IMO the problem is the lack of direction. R they manufacturers, a private equity type of roll up firm, or an exciting app??
I love the live deal idea but it seems like they aren't allowing it to perform at its full potential... Now management is focused on buying yarn manufacturers instead of growing the app??
"i believe the reason they increased the a/s was so they wouldnt have to r/s."
I agree with that statement 100%. My only concern is that management is so sneaky/stupid that they might just do a r/s. Increasing the a/s like that and following it up with a r/s is the scummiest thing a penny stock could do. Hopefully management knows that an r/s isnt the answer to their problem. An r/s wont make the toxic debt go away, all it will do is piss of the market even more.
They need to get the dilution under control and actually communicate a clear message to the market IMO. Right now things are so uncertain it is impossible to feel comfortable here. I wish we knew management was looking out for us but since they gave themselves preferred stock they dodnt seem to care about the common...
I say no r/s unless management is really really stupid... IMO
GLTY
I have a strategic way to finance things. Stop paying management the big bucks and use that money to finance thing more traditionally!! lol
VNDM in the ask but looks like he is showing his hand... We need the rebrand ASAP!! What is taking so long?? If all they do is change the website after all of this time I will b shocked/pissed
Rebrand must be something big IMO
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Submitted by Marijuana News on Wed, 07/29/2015 - 08:45
The cannabis industry is the hottest industry in the United States and it is growing at a rapid rate. This growth has led to a surge in the number of publicly traded cannabis companies. There are more 300 such companies and most of them will dissolve or shut down over the next two years.
When it comes to marijuana stocks, you cannot analyze them like your typical investment. These are developmental companies and a lot of them do not even generate revenue yet. For this reason, you cannot look into metrics like Earnings Per Share (EPS), Price to Sales (P/S) or Price to Book (P/B). Many investors do not have the time to perform thorough due diligence and look into all of the necessary factors, so we are going to focus on the most important ones. These are:
Who makes up the management team
Share count and capital structure
Company history and financial stability
I want to highlight a few announcements made by a few publicly traded cannabis companies during 2015 so you can better understand the importance of due diligence.
Management related issues: Medbox Inx. (MDBX)
On February 14th, P. Vincent Mehdizadeh, founder and majority shareholder of MDBX, decided to comment (voluntarily) on recent sales of MDBX stock by company insiders.
Mehdizadeh said he secured a credit line and used shares of MDBX as collateral. He then loaned MDBX an undisclosed amount of money. After Mehdizadeh tried to remove MDBX’s current management team because they wanted to re-audit the company’s books, shares of MDBX sold off and this caused a margin call on the collateralize stock.
Mehdizadeh said, “Medbox was not in a position to pay back my note so these involuntary sales were transacted by my bank to recoup the loan. The credit line has been fully satisfied as of today's date. In addition, I have ceased any and all trading activity on my regularly scheduled trading plans until further notice. I am also looking into re-investing into the company to recoup some of the shares I was forced to liquidate over the last couple weeks. I am still a long-term believer in this company and feel Medbox is positioned perfectly to be a leader in this new industry.”
Since making this statement, Mehdizadeh and his affiliate companies have sold more 650,000 shares of MDBX. Investors need to evaluate a company’s management team before investing in the company!
Financial Structure: OSL Holdings Inc. (OSLH)
On June 1, 2015, OSLH announced that it filed an amendment and increased the number of authorized shares of common stock from 649,000,000 to 1,947,000,000.
Between April 10th and June 2nd, the company issued 103,286,059 shares of common stock related to the conversion of convertible promissory notes that were previously issued to accredited investors. The issuance did not bring in any capital to the company because they were paid when notes were issued.
When OSLH made this announcement, they had 733,470,037 shares of common stock outstanding. Less than six weeks later, OSLH had 1,079,447,477 shares of common stock outstanding.
OSL Holdings has an issue that can only be fixed by conducting a reverse split (also not good for shareholders) and investors need to look into the number of shares a company has prior to investing.
Balance sheet and Operational issues: Mountain High Acquisitions Corp. (MYHI)
On March 31, 2015, Mountain High Acquisitions Corp. (MYHI) entered into a share exchange agreement with Freedom Seed & Feed, Inc., where MYHI agreed to purchase all issued and outstanding shares of the company On June 30th, MYHI and Freedom Seed & Feed mutually agreed to rescind and terminate the share exchange agreement.
This move comes after MYHI’ subsidiary entered into a master property purchase and sale agreement with Deep Blue Enterprises, LLC, on April 30, 2014. Under the agreement, MYHI was supposed to acquire three properties for $12,500,000. The company raised $850,000 to meet the initial payment requirements, however, in August 2014 MYHI decided to stop making payments and allowed the agreement to expire. MYHI decided not to pursue recovery of the payments due to the legal costs and the low probability of recovering the payments.
During the years ended March 31, 2015 and 2014, MYHI did not generate any revenues and the company’s current assets include $45 in cash and a $50k advance to GreenLife (a potential acquisition).
Do your due diligence
Since, the emergence of the cannabis industry has created opportunities for fraudsters, investors need to do their due diligence before investing in a cannabis company and evaluate the source of information before acting on it. Technical420 is an independent provider of cannabis stock research and analysis. We do not accept money from companies for favorable ratings and no employee is allowed to own any cannabis stocks. These rules are in place so that Technical420 can provide investors with non-biased, accurate and independent research.
This marijuana news is brought to you by 420 Intel. For the latest breaking cannabis industry news, subscribe to the 420 Intel newsletter. If you'd like to promote your product or service in this area after every article, contact us.
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Copyright 2015
These guys r idiots!! "OSL Holdings has an issue that can only be fixed by conducting a reverse split"
Oslh's problem can't b fixed with a r/s! A r/s doesn't make toxic debt go away!!!
Lol. Looking good here... DM suckssssssss!!!!!
Why in increase the a/s during a quiet period just to r/s??
IMO the purposely increased the a/s so they could avoid the R/s...
We will r/s but hopefully it is in the way to the nas.. But who knows with this stupid management
I agRee. Also looks like VNDM is at .0052, vfin is at .01 and BKRT is gone from L2 all together. Diluters backing off. Now all we need is very solid news and we can run hard IMO...
Lol. Not gonna happen
As soon as vfin drops in to try to sell some stock the bid collapses... What a surprise lol. When will management do something to give this stock a fighting chance??
Lol Cheryl is a bigger scammer than they r IMO. These guys r sneaky snakes but cs is just a complete bs er...
What's the point. They don't respond bc they don't care.
On another note looks thin all around today. Did BKRT disappear from L2 entirely??
We need the rebrand!!!!! Wtf is taking so long?? Oslh is on life support and management is taking their time... This rebrand better be spectacular. It can't take this long to change around a website and business description. What r they possibly doing for this rebrand that is takin so long (and possibly, costing so much)?!?!
Oh and don't even get me started on how the pot stock bubble ruined the OTC. Now mainstream investors think every penny stock is a scam just like the pot stocks they lost all of their money on. Will take a long time for the OTC markets to recover from the damage these pot stock scammers caused IMO...
Exactly!!!
"The public OTC MJ stocks had their chance and they did a complete flaceplant. "
$100 mill market caps, millions of $$ in trading volume, and just about all of them have nothing to show for it other than toxic debt!!! I wish there were pot stocks out there with smart management. It seems like behind every pot stock there is a penny stock scammer...
Both nailed it lol
"Re: shajandr Post# 17900
Sub-dime close before EOM - fulfilled."
Movement here is 100% up to diluters and management IMO. The holy grail is a news day AND diluters off the bid.
Down 20%?? Wtf!
On July 21, 2015, LiveDeal, Inc. (the “Company”) held its Annual Meeting of Stockholders to vote on the following matters:
...
2. Approval of Amendment to the terms of the Company’s Outstanding Convertible Notes
Stockholders approved the amendment to the terms of the Company’s outstanding convertible notes, in accordance with the voting results listed below:
Votes
For Against Abstain Broker Non-Votes
5,370,824 76,732 40,434 6,186,794
Looks like all diluters have backed off to .0015 at least. Some ask slapping will get us moving. Just dont know if this is a trick by diluters to bring in volume.
If it is real why didnt Branson just buy us out and save the African children himself? I've seen people say he doesnt want to be in business with Mike but if this is so revolutionary why just let this project die?
Personal issues shouldnt stop Branson from saving the world from landmines IMO... Something doesnt add up...
I spoke too soon. Not looking so hot anymore lol
Looking good here!! Lol
It is looking thin but BKRT just jumped in at .0012. We need the diluters to back off and give this a chance to recover. Some decent news/rebrand would be nice.
I thought the CEO said they were going to make more of an effort to communicate with shareholders...
Could new management make something happen here?? I saw a bbc documentary that featured Mike and the mine seeker tech and it said that it worked. Was that bs?
So is this the week we fall back under 1??
Why do u say that??
Yep. Nothing happening until those get cleared up. Maybe they can get their hands on some cash and buy a dispensary or something...
Lol. Based on the history here I would say we r not in the 5%. We have already been part of the 95% multiple times!!
Maybe the wow part is thinking management can be fired. They control the company through preferred shares. As far as I can tell no one else can get preferred shares unless management want to give them to someone. No matter how much dilution happens they will still control 51% of the company. The only one that can fire management is management!!!!
Perhaps when the sec puts them behind bars they will find someone better to run the company while they are away lol
Now that sounds more accurate lol
Niceeeee. Finally doing something sort of smart. They might actually buy something of real value!!