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I received similar via a phone call. After goving him an ear full, i told him that because they left the investors with nothing, im not going to vote in favor of the deal. Due to the fact he asked me to at least vote either way, that tells me they dont even have enough voters to establish a quorum and have the meeting.
If there is no deal, what is happening to all the revenue for the last 3 months?
I received similar via a phone call. After goving him an ear full, i told him that because they left the investors with nothing, im not going to vote in favor of the deal. Due to the fact he asked me to at least vote either way, that tells me they dont even have enough voters to establish a quorum and have the meeting.
If there is no deal, what is happening to all the revenue for the last 3 months?
Dont fall for false promises of getting money from the Magnavape lawsuit. Realize how the winthers have treated the shareholders and conveniently sold the assets for a sum which will leave us a net zero upon completion of the wind down. The news blackout for the last 15 nonths.....and you think they will pursue this case and pursue collections for us? If there is anything to be had, they will make arrangements so we dont see a penny. Consider these facts when deciding to vote or how to vote........
Things are getting interesting here. If they are contacting us, they obviously do not have enough votes to get the deal done. In fact, im fairly confident they are worried they dont have enough votes to establish a quorum. I am NOT advising anyone what to do, but i may be a non vote so they have a harder time establishing the quorum and cant even officially hold the meeting. A "no" vote is still a vote and counts towards establishing the quorum.
Anybody get a call from VHUB asking you to vote?
Would this affect the voting? If someone liquidates their position do they have a vote? Is it a strategy to obtain votes and push this sale through?
I dont know the answer. This does NOT make sense to me unless insiders know about another offer or a settlement of the lawsuit.
Obviously someone felt the need to take/increase a large position in VHUB at a price higher than a possible payout to shareholders. Either someone knows something or they are really dumb..
I agree.. Strange
Thanks BernardSamuel.
Your information is very helpful.
Im still amazed that Kyle Winther had the Gall to be in the PLY advertisement for the last several months. It almost seems like he is "thumbing his nose" at all of his investors, showing us how well off he is . Its funny how he can be advertising his product for months before the shareholders even vote on sale of assets.
Think that constitutes a conflict of company interest?
Think he has not negotiated a compensation package in lieu of VHUB getting reasonable money for assets? He has sure showed us that he in fact has not had the best interest of his shareholders in mind
Funny how some of our posters are noticing that its been business a usual for VHUB so far
Thats my 3 for today
Was there a link somwehere during the "iJOY" fiasco where Kyle Winther was stating that they had alternative manufacturers? Who remembers that? Just doing some digging regarding what may constitute intentional misleading of shareholders
Cashbuyers:
With Kyles complete disregard for shareholders, do you really think there will be ANY money to disburse to us? The way they structured this entire sham of a transaction, Im sure they will make up as many costs to offset any remaining assets so the net will be zero.
VHUB has been dishonest and unethical as the day is long....
Doubt they will pursue the magnavape case or any award either.
That is the type of people we believed in... sad
I hope people will spread the word about the Winthers and how they do business. No integrety
I am also TD ameritrade. Lets give it until eod tomorrow then I will make a call to tda
Funny that I have NOT received mine yet
when i get mine i will be voting "NO"
I did not get mine...
Someone is unloading a pile of shares....... not me
So if we do not sell our shares, would we be a part of the Shell, or whatever that turns into?
Speaking of illiterate, it's "they're" not "there".........
Interesting perspective. However, it seems that the Winthers won't think twice about screwing the shareholders. Its hard to be optimistic that there will be any good outcome.
I think it is as simple as the Winthers know with possible "deregulation" or easing of pending regulation, that VHUB could be a gold mine with their international sales. Possibly they just view the investors as a burden and are doing what they can to convert to a privately held entity. Just one possibility, but based on the timing of what I have seen over the past 16 months, I think it may be the most likely.
Bernardsamuel:
What has become of Fife/Typenex? Aren't they holding a significant amount of shares? Think they are part of this scam transaction?
Obviously a scam to go from public to private.
If some of you recall, early last year I was complaining about lack of news and stating something fishy was going on. If you might be "buying" into the excuse that the wheels fell off in the 2nd half(calender) of 2016, consider this:
Issues news from Vhub in 2014: 49
Issued news from Vhub in 2015: 60
Issues news from Vhub in 2016: 13
From 1st half 2014 : 36
from 1st half 2015 : 48
from 1st half 2016 : 6
Funny for a company whose revenues skyrocketed to $ 1.0 M per month in 2016 isn't it??
Does this indicate to you a strategy that has gone back to the beginning of 2016? It does to me. Opinion is that this plan was cooked up over a year ago and they were going to drive the PPS down.
Thoughts??
Thanks Bernard.
These types of documentation will be extremely helpful in proving our case.
I have a law firm with experience with these cases reviewing. Im planning on holding and pursuing a claim. Might need help from you guys compiling data and history. Class actiom suit is probable
I'm amazed more people are not unloading their shares. They must be assuming they will collect from the Magnavape lawsuit. Any thoughts anyone?
Donner and Dahmer unfortunately......
I have started the ball rolling and I do have an attorney who specializes in these cases reviewing it. Eventually I will invite investors to participate. Stay tuned.
What a scam this turned out to be....
Any CURRENT SHAREHOLDERS going to vote in favor of the asset sale? If you are, why?
This deal stinks and does NOTHING for the shareholders
Im not understanding. A sign of weakness to who? At this point, what does weakness have to do with anything? Investors just want someone to pay more than the ridiculous price that the Winthers and PLY have agreed to. I assume the Winthers and insiders have enough shares to push this shady deal through already. What am I missing? The only thing stopping this transaction is a better offer.
If Kyle Winther did not invest the energy in trying to find a better sales offer (and apparently rejected one other offer without telling investors), what makes you think they will even try to pursue this litigation? He has NO intention of doing ANYTHING for the shareholders. That has been apparent for the last 14 months.
I don't think the Winthers are being strong-armed.... I think this is all a scam to shake off the investors interests and run away with a profitable privately owned company.
Maybe Im not understanding the situation. If VHUB is meeting with Magnavape, why not try to sell the company to them for a higher price than the PLY offer in lieu of litigation? That way Magnavape gets something for their money and VHUB shareholders get a better deal. Again, maybe Im not understanding thsi situation correctly.I dont know anything about Magnavape.
Why would they offer anything when they could buy the entire company for $ 3 Mill?
What a great resolution.. You pay our shareholders $ 3.0 Million and now you own all the product and the rights too.. If they have manufacturers lined up, they would get a return on the investment.
I encourage all shareholders to file a complaint with the SEC:
https://www.sec.gov/complaint.shtml
We can do nothing, or we can do something. The Winthers have clearly failed their fiduciary responsibility and have probably solidified a lucrative side deal instead of sharing with the shareholders.
Unethical
Disgusting.
Probably illegal
What I have been afraid of due to VHUBS lack or responsiveness over the last year.
Good Advice. I will try to post some contact info within a few days for those who are interested.
Possibly filing a complaint with the SEC might be a good start
Will do
Did you take any legal action?
Some may say pursuing a claim is pointless..some of those opinions may be planted by vhub insiders trying to discourage resistance. Im going to do what i need to do regardless of what i read on this board. If some want to join in, your participation is welcomed.
Agreed. I think that the Winthers are heading for a massive legal battle. You cant just cut a side deal for yourself and give away all the companies assets and leave the investors holding the bag. I dont think the SEC will hold still for that once they review the situation.
VHUB very clearly had better days ahead with the sales and pending deregulation due to the Trump Presidency. There is no need for KYle Winther to give the farm away unless he is receiving alternative compensation. That would be fraudulent in my opinion, but we will let the lawyers figure that out too. Wonder how deep PLY's pockets are??
Im in it for the long haul.
Not liking the idiotic postings today. Everyone grow up or get off this board
Time for shareholders to look at a class action lawsuit against the Winthers. VHUB'S attitude towards its shareholders changed a year ago, this has all been a deliberate setup to defraud the investors in my opinion..
Knowing how these guys have acted, they will find a way to offset any sale proceeds and leave the investors a net $0. There has been a year long history of VHUB trying minimalize any positive news and drive the value to $0.
Remember the odd facebook listing of Perlingos as a "former" employee last summer?
Remember all of the other odd actions and lack of info, the firing of Moreno after the news release of two impressive sales months? Do these things add up here to just a bunch of Fraud?
Looks like Kyle and the rest of the Winthers are establishing a reputation which will follow them for decades.
Lets be clear... this is what is NOT GOING ON HERE......vhubs revenues soar, vhub becomes profitable, trumps presidency will likely remove or ease vaping regulations from the fda, vhub has domestic and international sales that are trending towards $ 12 million a year which would make the Winthers wealthy.............and he just decides his company isnt worth more than $1.0 Million, so he takes the deal and rides off into the sunset with peanuts.............THAT IS NOT WHAT IS GOING ON HERE! Anything outside of this box is fraud or monumental stupidity. We all know which it is, dont we....