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.
No glitch. Just a stand off. Look the first massive $45 trade just went through on the bid...
Lol yeah, good luck with that. Because every company just puts out PRs because one of their shareholders tells them to.
That's for the quick cash MLHC. Good luck to those who just bought in after the drop - don't forget to sell for profit. hope those still holding from before make up the losses or took this opportunity to average down some.
GL
Looking for a nice momentum play this fine Monday morning... could I have found my gem? Looks like we could have some fun today here!
Have to say I sold a while back. Revenues were basically spot-on where I thought they'd be, but expense management was not where I or anyone else wanted to see it at. A company can realize super high revenues and growth, but if their COGS/operating expenditure outweighs revenues and you can't turn a profit... that does not signal me to go/stay long on that company.
So is the VAPE story. I do think management has a chance to figure it out eventually. As I've stated in previous posts, it's difficult for a start up to become profitable right away due to high initial fixed costs. As their client base and recognition continues to grow their costs will continue to dilute down and eventually they will march forward in the black. Longs here should acknowledge that this transition typically doesn't happen for companies trading on the penny boards. While there is a 'chance in the future' we know what the typical result is.
Right now this is going to continue to be a momentum play throughout the next year as PR's/updates will come out and the price will fluctuate. Buy when opportunity presents itself, sell when you've made money, invest when you feel it's finally going to be profitable. That's just my strategy and opinion, please form your own and trade accordingly.
This is incorrect. Read my previous post.
No, they did not get it wrong. The 10Q states period ended June 30th 2014. These forms are not quarter-specific because companies can have their own fiscal periods.
In the PR this morning VAPE refers to their FISCAL Q3, which in this case ties to CALENDAR Q2. This is a common practice across the board.
Did you all NOT expect to see this? I called around 400k in rev a while back based on the information we had and stated reasoning behind it.
This company is STIlL RAMPING UP. It's only the first quarter where product was sold during the entire quarter, but as it states in the PR full-scale operations were only in place during part of MAY (you know, at the end of Q2).
Did you guys expect 0 expenses based on selling these products? If VAPE only sought out to sell 100k in product each month as a MAXIMUM then their inventory and fixed expenditures would be lower to reflect that. Instead, VAPE/HIVE invested in PP&E to support MUCH larger future volumes. With increasing worldwide recognition, full scale e-commerce sales, and a continually expanding brick and morter clientele sales will continue to expand double to triple digits.
This doesn't happen overnight, folks. Simple business accounting here. As revenue increases variable costs remain static while fixed costs decrease until they need to expand again. I believe VAPE has established a solid platform from which to launch and will continue expanding exponentially and will simultaneously lower their costs as a proportion of their sales revs.
Did 'someone' say VAPE is trading in the low $2's right now? Looks to me it hasn't dropped below $2.65. But you know, it's only fact so of course it's objective for some....
Don't believe them about having over 1000 stores carrying HIVE products? Start calling the list. They have products and are selling them.
I honestly expected VAPE to dip bigger today. Thinking we'll still see a bit of a sell off today and/or tomorrow before ramping up Thursday and Friday into news by Monday. Base looks solid above $2.50 with heavy resistance below at $2.25. If news doesn't come out until after close Monday I would expect a dip to test the resistance as a worst case scenario but I really dont think they will wait past opening bell Monday to release.
Got to agree with that... I hold no shares here (haven't since it was up near .0008) and I find it hard to believe people still talk about this one. It's been no trade at the lowest possible price for how long?
If I were to throw in a lottery bet on this one at this price it wouldn't be more than $10.00
Nothing. Simply a mental block placed on a whole number.
Love the action here this morning... or even lack of action if you'd like. News of late filing after close Friday and still those holding don't want to budge an inch on this. Shows me that they know what to expect from the company and the true value of their shares.
Good luck VAPErs!
Lol there he is again right on que. I'll agree he probably has no short position. He either gets paid to post misinformation or he got burned BADLY by poorly trading in the OTC and now he has no money to invest so he just blasts every board possible.
There is Z E R O proof anywhere that the SEC is suspending this, or ANY other stock. No one outside the SEC knows before it happens, so that statement will always be false. Also, he's said VAPE was "about" to be suspended for MONTHS now.... so I guess he's been wrong every single time he's posted that.
They are N O T late on their filing. If you do any shred of research you'll see that the due date isn't until Monday August 18 and they can file to legally submit it late if they wanted to. Another blatant lie.
I could go on but it's really pointless. Anyone reading this board knows who is full of it and who has the facts.
See you on the other side (of the 10Q!) - Happy trading!
Looks like volume is starting to wake up. I'm expecting some decent accumulation this afternoon.
Trading is not based on past performance, but future expectations. This effect is amplified in the OTC to an extreme degree. No one buying this stock cares about the pittence of revenue seen in Q1 because we KNOW it was based on a whopping 5 days worth of sales data. Q2 is based on 90 days worth of sales data. Factor that in to your calculation and it will explain the current pps and the future expected pps.
The other piece is VAPE's tight share structure and very low float.
VAPE management really doesn't need to cater to the couple people posting on this board. The 40-day deadline for large companies to file their report was Monday August 11. +5 business days for small companies means the filing deadline is Monday, August 18 for VAPE to file. The deadline to submit a notice for late filing is the business day AFTER your deadline (so Tuesday, August 19) which gives an additional +5 business day. That means the LAST possible day they can file late is Monday August 25.
Please just chill out. If you really think this stock will fly after earnings you shouldn't be concerned with a couple of days difference in filing. They will submit when they are damn well good and ready to submit it.
Nah let them play their game. Interest hasn't poured in yet. I was waiting to see if it dropped any today but when it held at the open I put in for the rest of my position. Many traders are still waiting to see if this drops before the build up but I'm not counting on that happening.
Volume will start to increase today and especially tomorrow. The only thing that could slow this down until next week is a delayed filing.
No one wants to budge yet. Sellers don't want to sell into bid and buyers aren't willing to chase ask yet. There are a T O N of people watching and waiting on the sidelines for the report to come out. This stock is watched heavily around expected news and just wait the second it comes out these sideliners will jump in fast.
I'm putting my money down on seeing between 400-500k in verified sales for Q2. The company reported 100k sales in April and 250k in orders. I realize this side of the business is still in the start up phase and that there will be delays, especially considering their client base are primarily retail outlets (brick & morter stores) rather than individual consumers which will ramp up with web based sales.
But Assuming those orders weren't delayed more than two months from the press release that forms our base at 350k. During this time they also added authorized buyers and may have had repurchase orders from April and May and second repurchases from April in June if demand on the product was high enough. Since it's still a new product I'd say the repurchase numbers are low for now. Also we all know there can be a delay between registering authorized dealers and actual orders processing.
Based on the above I assume sales for Q2 in the area around 450k. Now that they have over 1100 dealers and ecommerce running, this number could realistically triple in Q3 and continue to grow and solidify going forward.
Those are my thoughts and what I'm projecting for my trading purposes. Form your own opinion and trade based on that.
I personally doubt that high of sales figures - for this reporting quarter. I think they will be significant, but I wouldn't expect million+ numbers until Q3 based on when they increased their distribution network.
Obviously they are growing, and growing from 200 outlets to 1100 outlets is fantastic, but remember there is lag time between signing stores and getting actual sales numbers, and that we'll just be receiving numbers from April - June. I expect their business to continue ramping up over time but would like to think I'm realistic about how long the process will take.
VAPE still has a high amount of liabilities since they are still a new company so I don't expect the huge pps increase that some here do. I agree revenues are up but keep in mind it will take a while before they catch up to their liabilities. Eventually as the company executes its plan it will be where the longs here want it to be. If VAPE is the 'real deal' then it won't happen overnight.
Not necessarily, even with a 5 business day extension that would push the latest date to August 22.
Keep in mind the 10-Q due date of August 11 is for larger companies. This is from the SEC.gov site:
My take on the recent activity: First, a great activity PR came out. We get confirmation of expansion which is what anyone long here is speculating and banking on. The 'problem' was the quick run up to $3.
Why? Because this is the O-T-C. That's what happens. Good news comes out, everyone buys knowing there will be a quick upswing in price, then the good traders sell for quick profit and let it die back down.
What are we left with? Prior to news this was hanging around $2. Now it's sitting around $2.25. If you ignore the quick up/down in price and look at the increase between last Friday around $2 and today's price around $2.25 that's a 12.5% increase in pps.
If this was a big board stock that had great news come out and went from $200 to $225 everyone holding would be ecstatic. I wouldn't be complaining about that increase for sure. Knowing quarter results are due soon I would like to see VAPE hold at or above the $2.25 level until the next PR comes out. Guess what? This will happen again! Good news, rapid increase in price, then a drop-off. The quality of the results will determine the magnitude of the change. Because this one has the potential to drastically change their business (basically no revenue to strong revenue source) this may leave more 'investors' for some longer term potential so I'm thinking this will not drop as much next time but there will almost definately be some kind of trader-driven bubble.
Just my thoughts, bet on your own.
SEC Filing due date for the 10-Q is Monday, August 11'th. However, this is based on the 40 day rule after the end of the quarter. For companies that have a public float under $75 million the 10-Q is due 45 days after the end of the quarter. That would put it to August 18 with a late filing deadline of August 25th. They do, of course, have the option of submitting sooner.
Linke to dates and SEC filing rules:
http://www.merrilldirect.com/cps/rde/xchg/merrilldirect/hs.xsl/edgar-sec-filing-deadlines-and-holidays-2014.htm
http://www.sec.gov/answers/form10q.htm
GL
Great news, but this went vertical way too fast for my taste. Flipped for around .30 gain this morning.. I'll be back in before financials when this calms a bit.
Really? Because right now it's sitting at 0 volume...
He can't. There was no new news out today.
Lol glad I took profits at the open.
Three letters: O T C
Took some profits myself, still holding more from those nice low prices yesterday.
Anyone notice this link states value in Canadian currency, not USD? I think that might play into your valuation..
SEC says the due date is August 11:
http://www.merrilldirect.com/cps/rde/xchg/merrilldirect/hs.xsl/edgar-sec-filing-deadlines-and-holidays-2014.htm
Until Q2 report comes out there just isn't anything solid to hold this up. Nothing has changed since April really. I wouldn't call this 'dead' or 'done' until seeing the report myself. Q1 it was still in development phase transitioning at the end of March, Q2 is an entirely different ballgame.
That's going to be the speculation over the next 3 weeks. If you think the results will be terrible, you're betting its going further south than ever. If not, you're betting on a rally above $3 that will keep going.
I'm looking at it filling the gap right before July. I believe support around 2.06 and strong support around 1.90
Nah I'm ok with this for now - haven't hit my target re-purchase price!
Would be nice. For now though the challenge is going to be not falling asleep on my computer watching this activity..
Lol Malvern you are quite optimistic, but that's almost as bad as saying it's next on the SEC halt list. You really can't back up your opinion unless you have insider knowledge!
PR would be nice but since we didn't get an update right after the end of Q2 I'm no longer expecting one until the filings are actually due in August.
A few thoughts about the recent activity..
1) I know it's their job to scream dilution, but on a small retracement with 100K volume? Not likely. Let me know when they dump 2 million then we'll talk dilution.
2) Those saying this will drop/die/never go up/whatever are welcome to say this. Truth: They haven't posted more than the Q1 results yet so we do not have evidence otherwise. Investing/trading is SPECULATIVE. So if they want to short this speculating VAPE will not produce revenues that's their business. Others can speculate they have revenues but the costs will outweigh the benefits. Those long are speculating that based on number of stores selling, new product lines, full quarter timeline, national hype, and publicity through recent expo's that revenues will outweigh costs and meet or exceed expectations.
3) Q2 results aren't due until August 11. Companies should not bend their knee to traders with $500 'invested' in their company by delivering on every demand. This is a penny stock. It moves with great volatility because real numbers are few and hype is king. That being said, expect this kind of fluctuation until numbers are posted.
4) "The drop" from $41-1. VAPE was a hype company after the reverse split and fell with the rest of the index as they still had no product. This quarter is different because it will be the first report with a full 3 months of usable data. This will set the stage for future development. You can't compare a company with product being sold/business as usual to a company in the development phase. VAPE needs to prove itself with the Q2 report and I doubt there will be any fluffy news prior to this.
5) I expect to continue to see low volume. There are T-O-N-S of traders with VAPE on their radars. This will move in an insane way once results post, regardless of them being positive or negative.
Did I sell today before the drop? YES. Based on yesterday's activity I felt this was coming.
Will I buy in again? YES. I don't expect this ticker to go away any time soon.
Everyone saying this will go up is right. Everyone who says this will go down - is also right. It's all about timing, as you've heard hundreds of times before.
Not sure about 'boiling' just yet. It certainly wants to stay above room temperature though. This board on the other hand is quite boring for a Monday morning!
It's actually making me focus on doing work at work..
The real question here is bounce or set up for run next week.