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porkypig, It is illegal to manipulate stocks... some one will be arrested for it... mark my words....
some one should be investigated....................imo
One Big Pick. Once a Week.
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WFWL (Wi-Fi WIRELESS INC)
IS OUR NEW 2 CENT PICK!
Dear Traders and New Members,
WFWL (Wi-Fi Wireless Inc) is our New Pick!
Last Trade: .02 | SEC Filings | Recent News
Begin your research at www.wifiwireless.net
So what's got Wireless Industry titans, Comcast and Time Warner, shaking in their boots? These are two of the largest Internet Service Providers in the country with millions of subscribers nationwide! Is it that they know the end is near? Could that be why they recently announced plans to merge and possibly salvage whats left?
The writing is on the wall, folks. Internet Providers know what's coming. Eventually, Internet access will be as free and available as the air we breathe. WiFi Signals will be everywhere and be provided for all devices whenever we need it. In fact, this future has already begun! And todays new pick is a company that may be ready to deliver that future right now...
We are issuing an IMMEDIATE Alert on WFWL for Today!
WFWL is a company that's leading the charge in Municipal Wi-Fi Systems that plans to help cities provide citizens with FREE Wireless Internet through it's WiFi My City™ program! Is this some Utopian Dream? Not at all! This company believes that Internet access is as important to modern society as any public utility!
But what makes WFWL so appealing and urgent RIGHT NOW is that they plan
to make a HUGE ANNOUNCEMENT which will reveal the first cities that will be
participating in the company's landmark program of Free City-Wide Wi-Fi!!
Talk about a major future catalyst!! There's no downplaying the importance and impact of this. This is not only a huge deal for the company - but huge deal for all of us as a society. WFWL is essentially about to take the first step in what may become the standard for Internet access in the future!
And as we await this game-changing announcement, WFWL is trading at literally GROUND FLOOR levels with a price tag of just 2 CENTS! Take a look at the chart below...
COULD WFWL'S IMMINENT NEWS SEND IT BACK TO HIGHS?
Just this past Summer, WFWL surged to highs of .12 on news of the company's first announcement of the WiFi My City Program.
A return to last Summer's highs would yield traders up to 500% GAINS!!!
Since declining, WFWL has traded in a channel between .01 and .04 - held back by the 200 Day Moving Average which is currently at .03.
We will be watching for a breach of the 200 Day Avg to confirm a New Bullish Trend.
Could WFWL's IMMINENT News Announcement send it back to highs and beyond? Let's dig in further....
WFWL - BRINGING THE FUTURE OF WI-FI...TODAY!
While WFWL offers other innovative services such as WiFi-enabled cargo and container shipping (very cool!) and it's WiFi Wings VoIP service, today we are going to focus on the company's landmark WiFi My City announcement.
Most of you reading this newsletter are likely doing so over a Wi-Fi connection. The days of wired and dial-up access are almost all but over.
WFWL understands this and realizes an immense opportunity. Internet access has become so engrained in our society that connectivity has become a utility. Yet, Cable giants like Comcast and Time Warner still gauge customers thousands of dollars per year just to connect to the Internet.
WFWL IS FOLLOWING IN THE FOOTSTEPS OF TRUE AMERICAN EXCEPTIONALISM
In 1862, Abraham Lincoln signed the Pacific Railway Act, authorizing the first transcontinental railroad in response to the growing need for a system of connectivity that would link the four corners of the country. Back then, we recognized the need for railways to connect us and drive commerce and the economy. Needless to say, America soon became the greatest Industrial power in the history of mankind.
Today, information travels much faster - and WFWL plans to bring this same vision with Internet access.
HOW WI-FI MY CITY™ WILL WORK:
Municipality-wide networks are a necessary resource for the foreword thinking communities that will lead us into the future. Just as the designers of our railroads realized long ago, there is no “one size fits all” model for the engineering of a citywide network. No two cities are exactly alike. A municipality network’s success hinges on proper engineering, on customization, on a tailored approach for each prospective city through which the network will pass.
WFWL has a customized solution to build networks from the ground up, working with each City, Town & Village every step of the way to design a system that it's needs. The City WiFi Network will be available to all residents, businesses, schools, religious organizations, stadiums, outdoor parks, venues as well as serving visitors and commuters who work within the City limits and WITHOUT Ads.
SO HOW WILL WFWL MONETIZE CITYWIDE WI-FI?
WFWL will employ an innovative business model that offer tiered plans with different access speeds. Every resident of the city will be authorized for the basic service at no charge. However, residents who want turbo-boosted speeds can sign up for the sponsered service and will get ads. There will also be subscription plans for higher speeds without sponsership. [Read More]
HUGE ANNOUNCEMENT COMING FROM WFWL SOON!
As the company's March 2nd Press Release highlighted....
"After almost a year of preparation and affiliate partner evaluation we are confident the right
elements are in place....We are planning to announce soon the name of the City or Cities
that will lead the way for all Municipalities that want the essential utility of a City Wide Wireless
Network for their community."
SO WHICH CITIES WILL BE ANNOUNCED?
WFWL has already made mention of cities in Arizona, California, Illinois and Michigan which they have made presentations to and have been working with.
All we'll say is that you can bet the Street will be eagerly anticipating this announcement!
THE BOTTOM LINE
Traders, it all comes down to what you believe. Will the modern necessity of Internet Access always be controlled by price-gauging giants like Comcast and Time Warner? OR do you believe that internet connectivity will one day become a public utility that will allow us all to remain connected and communicate at all times?
The revolution has already begun! This is already happening in cities like New York, Kansas City, and even establishments like Starbucks allow you to stay connected. Will you be on the right side of the history?
WFWL presents a rare opportunity here at just 2 CENTS! We all know the kind of impact future catalysts like this have on the market. Speculation is what drives Wall Street!
Remember where you heard this one first! Make sure WFWL is on your screen right now and Follow Us on Twitter for Updates & the Play-by-Play!
Good Trading,
Editor
StockoftheWeek.net
Time and Sales for WIFI WIRELESS INC (WFWL) Mar 20, 2014
Symbol:
Time Price Volume Market
09:31:32 0.03 12485 OTO
09:31:24 0.03 6100 OTO
09:31:24 0.029 5000 OTO
09:31:24 0.03 72000 OTO
09:31:24 0.029 10000 OTO
09:31:23 0.028 10000 OTO
09:31:21 0.028 19125 OTO
09:31:21 0.028 4000 OTO
09:31:14 0.028 25000 OTO
09:31:11 0.0239 66700 OTO
09:31:11 0.0239 20000 OTO
09:31:11 0.0275 10000 OTO
09:31:11 0.0275 500 OTO
09:30:59 0.0239 5000 OTO
09:30:38 0.023 25000 OTO
09:30:35 0.023 15000 OTO
09:30:30 0.023 4000 OTO
09:30:25 0.02 25000 OTO
09:30:24 0.02 50000 OTO
Time and Sales for WIFI WIRELESS INC (WFWL) Mar 20, 2014
Symbol:
Time Price Volume Market
09:36:19 0.11 15000 OTO
09:36:11 0.11 10000 OTO
09:36:00 0.10 117650 OTO
09:35:30 0.10 50000 OTO
09:35:22 0.10 5000 OTO
09:35:16 0.10 3000 OTO
09:35:16 0.10 5000 OTO
09:35:15 0.10 14000 OTO
09:35:15 0.10 1000 OTO
09:35:05 0.10 5000 OTO
09:34:58 0.085 24300 OTO
09:34:57 0.085 2600 OTO
09:34:56 0.0775 5000 OTO
09:34:56 0.085 2500 OTO
09:34:45 0.085 1500 OTO
09:34:44 0.085 1000 OTO
09:34:41 0.06 22865 OTO
09:34:41 0.06 25000 OTO
09:34:40 0.06 25000 OTO
09:34:39 0.06 25000 OTO
09:34:39 0.06 5000 OTO
09:34:39 0.06 20000 OTO
09:34:38 0.085 19125 OTO
09:34:37 0.06 2000 OTO
09:34:36 0.06 25000 OTO
09:34:36 0.085 7500 OTO
09:34:35 0.06 25000 OTO
09:34:34 0.06 25000 OTO
09:34:34 0.06 25000 OTO
09:34:33 0.06 25000 OTO
Time and Sales for WIFI WIRELESS INC (WFWL) Mar 20, 2014
Symbol:
Time Price Volume Market
09:41:19 0.18 300 OTO
09:41:19 0.18 3500 OTO
09:41:19 0.18 20000 OTO
09:41:18 0.1801 1863 OTO
09:41:10 0.19 1100 OTO
09:41:10 0.19 3105 OTO
09:41:08 0.19 8000 OTO
09:41:08 0.19 300 OTO
09:41:08 0.19 1300 OTO
09:41:08 0.19 10000 OTO
09:41:08 0.19 2500 OTO
09:41:00 0.21 4500 OTO
09:40:54 0.15 7000 OTO
09:40:52 0.15 500 OTO
09:40:51 0.22 25000 OTO
09:40:51 0.22 25000 OTO
09:40:49 0.22 25000 OTO
09:40:38 0.22 500 OTO
09:40:34 0.22 500 OTO
09:40:34 0.22 4000 OTO
09:40:34 0.22 1920 OTO
09:40:34 0.22 1000 OTO
09:40:34 0.22 1000 OTO
09:40:29 0.2199 1000 OTO
09:40:23 0.20 2500 OTO
09:40:02 0.20 8800 OTO
09:40:01 0.20 2500 OTO
09:39:58 0.19 700 OTO
09:39:58 0.19 1000 OTO
09:39:56 0.1899 20000 OT
Time and Sales for WIFI WIRELESS INC (WFWL) Mar 20, 2014
Symbol:
Time Price Volume Market
03/18 0.02 54500 OTO
03/18 0.02 10000 OTO
03/17 0.02 39200 OTO
03/17 0.023 1040 OTO
03/17 0.02 20800 OTO
03/14 0.015 550 OTO
03/13 0.02 10000 OTO
03/12 0.02 1000 OTO
03/12 0.02 3000 OTO
03/11 0.02 6000 OTO
03/11 0.023 10000 OTO
03/11 0.023 200 OTO
03/10 0.0239 800 OTO
03/07 0.0239 3900 OTO
03/07 0.02 2100 OTO
03/06 0.0239 11000 OTO
03/06 0.0239 13100 OTO
03/06 0.0239 1500 OTO
03/05 0.017 60000 OTO
03/05 0.017 2250 OTO
03/04 0.017 10000 OTO
03/04 0.017 10000 OTO
03/04 0.0155 10000 OTO
03/04 0.017 300 OTO
03/04 0.0111 200 OTO
03/03 0.0171 13100 OTO
03/03 0.02 2000 OTO
02/28 0.02 2800 OTO
02/28 0.02 700 OTO
02/28 0.02 400 OTO
$DSCR nice lunch dip.. looking good for run to .01
Holey worm farts batman... Lmao missed my .15.... dam
that is going to make for a nice chart.....
MD-420, I really don’t know. By what we know my guess would be 10m plus. Vapor manufactures there own oil ( FDA approved By web sit and Pr) and manufactures there own pens, so i lean more towards the 10m.
One thing is for sure, we will find out here shortly:)
ST
MD-420 and new investors, If you start at the beginning Jan 22 Pr. and follow what they said they where going to do, there is no reason to believe any diffrent than 2013 revenue was in excess of 7 figures....
from the filling of the sos Florida corp merger to the Def 14c and now Fridays PR... Until this company gives me a reason not to trust them than I will take it at face value....
I am excited to be part of this company’s future like many others here and I wish all the best for everyone’s financial future with Vapor Group... Is it Monday morning yet? LOL
ST $,$$$,$$$.00
does any one else show 17,139,138 shares traded @.134 on there trading account as of now? lol weird.... Up 0.75%
I believe we will see a 150% to 250% increase by Tuesday.. IMO
With the news on Friday, weekend DD'ers will be buying at open.
That is my take on it.
ST $,$$$,$$$.00 Lol
see ya all in am.
WOW, it has been nice and quiet while the DD on this company was being done the last few weeks.. It is a shame that we now have to put up with this BS of bashers.. We longs all new it was coming. New investors do your DD. look at all of it and you will see there is NO pump and dump here.. This is the back door IPO with a better share structure than any other resent IPO in the market..
ST and getting richer doing it..
GLTA, see ya on Monday..... $,$$$,$$$.$$+
Thanks for that 126k more. .06
Wtdoiknow, WOW, you are only one of the few that know the truth of what that borrow program did to our country.. Look at all the sub penny stocks moving, WHY? No more borrowing folks.. Been waiting for this 12 years now and it has finally arrived.. Shorts and Naked shorts cleaning there books..... The Call.... lmfao finally.....
ST and getting my pay back in millions $$$$$$$$$
What a bloody Friday... wow We could relay use some news pre market Monday
My goodness look how wide the spread is "crooks"... LOL MM are shorter than I thought.... to funny
some one call them up and tell them I have a few Mil. they can have for .75
lmao
ST
WOW, What a ride...... the MM are so fricken short... They don't know if there coming or going....LOL
Just added 51's I'm A buyer at 42 if they want to keep this crap up........
ST
If I understood what the 14c filling said, Vapor will file with the State of Florida by tomorrow close of day. That is the 10 day mark after mailing there shareholders. The Event Effective Date will be the date of R/S.. So Monday we would trade under new symbol.
IMO and understanding GLTA
ST
http://search.sunbiz.org/Inquiry/CorporationSearch/SearchResultDetail/EntityName/domp-p13000073660-2b99f894-effc-4071-8e68-8cd47de927cf/Vapor%20Group%2c%20Inc./Page1
TheLaw, not a bad profit in less than a week? Ridding the rest threw the R/S...... LoL:)
The print of .002 was a z trade... Z= out of sequence trades... here is the list of the trades at EOD...
T=Form T Trade clearing of books for day.
Timee and Sales for PRIMCO MANAGEMENT INC (PMCM) Feb 18, 2014
Symbol:
Time Price Volume Market
17:47:14 z 0.002 1000000 OTCBB
17:47:07 z 0.0017 1000000 OTCBB
17:47:07 z 0.0021 1500000 OTCBB
17:47:01 z 0.003 150000 OTCBB
17:47:01 z 0.0034 140000 OTCBB
17:46:59 z 0.004 36477 OTCBB
17:46:59 0.004 23 OTCBB
16:03:00 t 0.0046 20000 OTCBB
16:02:58 t 0.0046 251000 OTCBB
16:02:55 t 0.0046 220000 OTCBB
16:02:51 t 0.0046 300000 OTCBB
16:02:51 t 0.0046 214348 OTCBB
16:00:19 t 0.0046 99809 OTCBB
16:00:00 0.0046 40191 OTCBB
Lawishere, I have to agree with ya on that... Can you get text over there?
you Got Mail. $SPLI is going to kick azzzz this week..
hope every thing is going good.
Lawishere, I have to agree with ya on that... Can you get text over there?
you Got Mail. $SPLI is going to kick azzzz this week..
hope every thing is going good.
beamin, keep to the facts.... the facts is we can't see the privet company’s books till they go public........
The question that needs to be answered is what will the float be post split?
The Def 14 states the 759m 750 locked how many of the 9m will be in the market... NOT MANY.. Supply V demand + earnings will dictate what the PPS will be.......
DD on date for R/S From Def 14c 2/11/14
(the “Information Statement”) is being mailed on or about February 11, 2014
The Amendment to the Company’s Articles of Incorporation will be filed with the Secretary of State of Florida no later than ten days after the mailing of this Information Statement. The Reverse Split would become effective as of the date of such filing (the “Effective Date”)
That would put the R/S on or no later than 2/21/14. This date is a Friday, so by Monday 2/24/14 we should be trading post split with new ticker symbol. That is how I read this and if you see it any different please correct... TIA and best of luck$$$$$$ ST.
Based upon the 283,353,478 shares of Old Common Stock outstanding on the Record Date, the Reverse Split of one-one thirtieth would decrease the outstanding shares of Old Common Stock by approximately 96.7% or to 9,445,116 shares.
Florida SOS as of 2/14/14 12:30pm.
http://search.sunbiz.org/Inquiry/CorporationSearch/SearchResultDetail/EntityName/domp-p13000073660-2b99f894-effc-4071-8e68-8cd47de927cf/Vapor%20Group%2c%20Inc./Page1
Detail by Entity Name
Florida Profit Corporation VAPOR GROUP, INC.
Filing Information
Document NumberP13000073660
FEI/EIN NumberNONE
Date Filed09/04/2013
StateFL StatusACTIVE
Last EventAMENDMENT AND NAME CHANGE
Event Date Filed02/10/2014
Event Effective DateNONE
Principal Address
3901 SW 47TH AVENUE - STE. 415
DAVIE, FL 33314
Changed: 02/10/2014
Mailing Address
3901 SW 47TH AVENUE - STE. 415
DAVIE, FL 33314
Changed: 02/10/2014
Registered Agent Name & Address SVORAI, DROR
3901 SW 47TH AVENUE - STE. 415
DAVIE, FL 33314
Name Changed: 02/10/2014
Address Changed: 02/10/2014
Officer/Director Detail Name & Address
Title PTD
SVORAI, DROR
3901 SW 47TH AVENUE - STE. 415
DAVIE, FL 33314
Title VSD
NAHON, YANIV
3901 SW 47TH AVENUE - STE. 415
DAVIE, FL 33314
Title CFO
SCHCOLNIK, JORGE
3901 SW 47TH AVENUE - STE. 415
DAVIE, FL 33314
Annual Reports
No Annual Reports Filed
LYNeighbor, also if you watched the trading over the last few weeks you should have recognized that this is trading supply and demand as we saw yesterday at 10:10 on that dip.... No sells and the MM could not hold it down without getting even shorter.. If you short this stock,,, YOU WILL PAY (THE BIG "M" CALL)
Nice close... MM short big time... big gap and run next week.....
Been a fun week ya all...
ST
Feds Issue New Banking Rules for Marijuana Sellers
WASHINGTON – The Obama administration issued new rules Friday intended to ease the concerns of banks wanting to deal with businesses that legally sell marijuana, something the nation's banks have so far declined to do.
The rules, issued by the Treasury and Justice Departments, are intended to "move from the shadows the historically covert financial operations of marijuana businesses," said Jennifer Shasky Calvery, director of Treasury's Financial Crimes Enforcement Network.
While 20 states and the District of Columbia have passed laws allowing the sale of medical and recreational marijuana, its production, sale, and possession remain illegal under federal law. And because the federal government regulates banking transactions, marijuana dealers have been unable to get banks to do business with them.
As a result, dealers operate strictly with cash, creating a tempting target for thieves. Treasury Department officials say the revised rules should reduce the dangers associated with conducting an all-cash business.
Under the new regulations, banks wishing to do business with marijuana dealers must verify that they are properly licensed and must gather information about the types of products they sell and the nature of the customers they serve. Banks must also be alert for any signs that the dealers are engaged in improper transactions.
Current rules require banks to notify federal regulators of suspicious activity by their customers, which currently would include any marijuana dealer because of the prohibitions under federal law. Under the new rules, the notices will still be required, but banks that believe a marijuana dealer is reputable will file a "marijuana limited" report.
If a bank believes a dealer is not behaving under guidelines, the bank should file a "marijuana priority" report, which could be based on such factors as greater revenue than local competitors or an inability to demonstrate that revenue is derived exclusively from legal sales.
In the past, bankers have been skeptical that rule changes alone would ease their concerns about doing business with marijuana dealers and have called on Congress to explicitly change federal law.
“This guidance is a set in the right direction, but it’s not enough,” said Amanda Averch, director of communications at the Colorado Bankers Association. “We don’t see that guidance as giving banks a full green light to bank these businesses. We feel the only real and lasting solution is an act of Congress.”
Jim Pishue, president of the Washington Bankers Association, agrees. Guidelines don’t change the law, he said, and it isn’t permanent — it can change from administration to administration.
“These guidelines may give some a little bit of confidence, but I don’t think it will give them enough to bank these folks,” Pishue told me.
Bankers aren’t really worried about the possibility of going to jail. They fear the stiff penalties federal regulators can impose for violating the law. These include: civil money penalties, fines, cease-and-desist orders or withdrawal of FDIC insurance. They can even also ban someone from working in the banking industry for life.
Rep. Denny Heck, D-Wash., thinks the banking industry will get in the game.
“The reality is that some bankers will do it and once some do, more will. So this is going to happen,” Rep. Heck said. “Some will come kicking and screaming, some will come readily, some won’t come at all. But we’re going to move in this direction because it’s the only thing that makes sense.”
As Rep. Heck pointed out, some banks and credit unions are already offering banking services to legal marijuana dispensaries “with a wink and a nod” and their ready to come out into the open.
“Every financial institution will have to make its own risk assessment and whether it makes businesses sense,” said an administration official. “While it may not reassure every bank, we’re proving an opening for those who want to serve this sector.”
A Treasury Department official said demand has been especially heavy in Colorado and Washington, where retail sale of marijuana was is now legal under state law.
The Justice Department Friday directed federal prosecutors to focus their resources on suspicious dealers when considering filing charges of money laundering or other offenses against banking transactions by marijuana dealers.
First published February 14th 2014, 2:07 pm
Feds Issue New Banking Rules for Marijuana Sellers
WASHINGTON – The Obama administration issued new rules Friday intended to ease the concerns of banks wanting to deal with businesses that legally sell marijuana, something the nation's banks have so far declined to do.
The rules, issued by the Treasury and Justice Departments, are intended to "move from the shadows the historically covert financial operations of marijuana businesses," said Jennifer Shasky Calvery, director of Treasury's Financial Crimes Enforcement Network.
While 20 states and the District of Columbia have passed laws allowing the sale of medical and recreational marijuana, its production, sale, and possession remain illegal under federal law. And because the federal government regulates banking transactions, marijuana dealers have been unable to get banks to do business with them.
As a result, dealers operate strictly with cash, creating a tempting target for thieves. Treasury Department officials say the revised rules should reduce the dangers associated with conducting an all-cash business.
Under the new regulations, banks wishing to do business with marijuana dealers must verify that they are properly licensed and must gather information about the types of products they sell and the nature of the customers they serve. Banks must also be alert for any signs that the dealers are engaged in improper transactions.
Current rules require banks to notify federal regulators of suspicious activity by their customers, which currently would include any marijuana dealer because of the prohibitions under federal law. Under the new rules, the notices will still be required, but banks that believe a marijuana dealer is reputable will file a "marijuana limited" report.
If a bank believes a dealer is not behaving under guidelines, the bank should file a "marijuana priority" report, which could be based on such factors as greater revenue than local competitors or an inability to demonstrate that revenue is derived exclusively from legal sales.
In the past, bankers have been skeptical that rule changes alone would ease their concerns about doing business with marijuana dealers and have called on Congress to explicitly change federal law.
“This guidance is a set in the right direction, but it’s not enough,” said Amanda Averch, director of communications at the Colorado Bankers Association. “We don’t see that guidance as giving banks a full green light to bank these businesses. We feel the only real and lasting solution is an act of Congress.”
Jim Pishue, president of the Washington Bankers Association, agrees. Guidelines don’t change the law, he said, and it isn’t permanent — it can change from administration to administration.
“These guidelines may give some a little bit of confidence, but I don’t think it will give them enough to bank these folks,” Pishue told me.
Bankers aren’t really worried about the possibility of going to jail. They fear the stiff penalties federal regulators can impose for violating the law. These include: civil money penalties, fines, cease-and-desist orders or withdrawal of FDIC insurance. They can even also ban someone from working in the banking industry for life.
Rep. Denny Heck, D-Wash., thinks the banking industry will get in the game.
“The reality is that some bankers will do it and once some do, more will. So this is going to happen,” Rep. Heck said. “Some will come kicking and screaming, some will come readily, some won’t come at all. But we’re going to move in this direction because it’s the only thing that makes sense.”
As Rep. Heck pointed out, some banks and credit unions are already offering banking services to legal marijuana dispensaries “with a wink and a nod” and their ready to come out into the open.
“Every financial institution will have to make its own risk assessment and whether it makes businesses sense,” said an administration official. “While it may not reassure every bank, we’re proving an opening for those who want to serve this sector.”
A Treasury Department official said demand has been especially heavy in Colorado and Washington, where retail sale of marijuana was is now legal under state law.
The Justice Department Friday directed federal prosecutors to focus their resources on suspicious dealers when considering filing charges of money laundering or other offenses against banking transactions by marijuana dealers.
First published February 14th 2014, 2:07 pm
Feds Issue New Banking Rules for Marijuana Sellers
WASHINGTON – The Obama administration issued new rules Friday intended to ease the concerns of banks wanting to deal with businesses that legally sell marijuana, something the nation's banks have so far declined to do.
The rules, issued by the Treasury and Justice Departments, are intended to "move from the shadows the historically covert financial operations of marijuana businesses," said Jennifer Shasky Calvery, director of Treasury's Financial Crimes Enforcement Network.
While 20 states and the District of Columbia have passed laws allowing the sale of medical and recreational marijuana, its production, sale, and possession remain illegal under federal law. And because the federal government regulates banking transactions, marijuana dealers have been unable to get banks to do business with them.
As a result, dealers operate strictly with cash, creating a tempting target for thieves. Treasury Department officials say the revised rules should reduce the dangers associated with conducting an all-cash business.
Under the new regulations, banks wishing to do business with marijuana dealers must verify that they are properly licensed and must gather information about the types of products they sell and the nature of the customers they serve. Banks must also be alert for any signs that the dealers are engaged in improper transactions.
Current rules require banks to notify federal regulators of suspicious activity by their customers, which currently would include any marijuana dealer because of the prohibitions under federal law. Under the new rules, the notices will still be required, but banks that believe a marijuana dealer is reputable will file a "marijuana limited" report.
If a bank believes a dealer is not behaving under guidelines, the bank should file a "marijuana priority" report, which could be based on such factors as greater revenue than local competitors or an inability to demonstrate that revenue is derived exclusively from legal sales.
In the past, bankers have been skeptical that rule changes alone would ease their concerns about doing business with marijuana dealers and have called on Congress to explicitly change federal law.
“This guidance is a set in the right direction, but it’s not enough,” said Amanda Averch, director of communications at the Colorado Bankers Association. “We don’t see that guidance as giving banks a full green light to bank these businesses. We feel the only real and lasting solution is an act of Congress.”
Jim Pishue, president of the Washington Bankers Association, agrees. Guidelines don’t change the law, he said, and it isn’t permanent — it can change from administration to administration.
“These guidelines may give some a little bit of confidence, but I don’t think it will give them enough to bank these folks,” Pishue told me.
Bankers aren’t really worried about the possibility of going to jail. They fear the stiff penalties federal regulators can impose for violating the law. These include: civil money penalties, fines, cease-and-desist orders or withdrawal of FDIC insurance. They can even also ban someone from working in the banking industry for life.
Rep. Denny Heck, D-Wash., thinks the banking industry will get in the game.
“The reality is that some bankers will do it and once some do, more will. So this is going to happen,” Rep. Heck said. “Some will come kicking and screaming, some will come readily, some won’t come at all. But we’re going to move in this direction because it’s the only thing that makes sense.”
As Rep. Heck pointed out, some banks and credit unions are already offering banking services to legal marijuana dispensaries “with a wink and a nod” and their ready to come out into the open.
“Every financial institution will have to make its own risk assessment and whether it makes businesses sense,” said an administration official. “While it may not reassure every bank, we’re proving an opening for those who want to serve this sector.”
A Treasury Department official said demand has been especially heavy in Colorado and Washington, where retail sale of marijuana was is now legal under state law.
The Justice Department Friday directed federal prosecutors to focus their resources on suspicious dealers when considering filing charges of money laundering or other offenses against banking transactions by marijuana dealers.
First published February 14th 2014, 2:07 pm
G-OIL-D I posted this earlier IMO and DD
DD on date for R/S From Def 14c 2/11/14
(the “Information Statement”) is being mailed on or about February 11, 2014
The Amendment to the Company’s Articles of Incorporation will be filed with the Secretary of State of Florida no later than ten days after the mailing of this Information Statement. The Reverse Split would become effective as of the date of such filing (the “Effective Date”)
That would put the R/S on or no later than 2/21/14. This date is a Friday, so by Monday 2/24/14 we should be trading post split with new ticker symbol. That is how I read this and if you see it any different please correct... TIA and best of luck$$$$$$ ST.
Based upon the 283,353,478 shares of Old Common Stock outstanding on the Record Date, the Reverse Split of one-one thirtieth would decrease the outstanding shares of Old Common Stock by approximately 96.7% or to 9,445,116 shares.
Florida SOS as of 2/14/14 12:30pm.
http://search.sunbiz.org/Inquiry/CorporationSearch/SearchResultDetail/EntityName/domp-p13000073660-2b99f894-effc-4071-8e68-8cd47de927cf/Vapor%20Group%2c%20Inc./Page1
Detail by Entity Name
Florida Profit Corporation VAPOR GROUP, INC.
Filing Information
Document NumberP13000073660
FEI/EIN NumberNONE
Date Filed09/04/2013
StateFL StatusACTIVE
Last EventAMENDMENT AND NAME CHANGE
Event Date Filed02/10/2014
Event Effective DateNONE
Principal Address
3901 SW 47TH AVENUE - STE. 415
DAVIE, FL 33314
Changed: 02/10/2014
Mailing Address
3901 SW 47TH AVENUE - STE. 415
DAVIE, FL 33314
Changed: 02/10/2014
Registered Agent Name & Address SVORAI, DROR
3901 SW 47TH AVENUE - STE. 415
DAVIE, FL 33314
Name Changed: 02/10/2014
Address Changed: 02/10/2014
Officer/Director Detail Name & Address
Title PTD
SVORAI, DROR
3901 SW 47TH AVENUE - STE. 415
DAVIE, FL 33314
Title VSD
NAHON, YANIV
3901 SW 47TH AVENUE - STE. 415
DAVIE, FL 33314
Title CFO
SCHCOLNIK, JORGE
3901 SW 47TH AVENUE - STE. 415
DAVIE, FL 33314
Annual Reports
No Annual Reports Filed
$SPLI DD on date for R/S From Def 14c 2/11/14
(the “Information Statement”) is being mailed on or about February 11, 2014
The Amendment to the Company’s Articles of Incorporation will be filed with the Secretary of State of Florida no later than ten days after the mailing of this Information Statement. The Reverse Split would become effective as of the date of such filing (the “Effective Date”)
That would put the R/S on or no later than 2/21/14. This date is a Friday, so by Monday 2/24/14 we should be trading post split with new ticker symbol. That is how I read this and if you see it any different please correct... TIA and best of luck$$$$$$ ST.
Based upon the 283,353,478 shares of Old Common Stock outstanding on the Record Date, the Reverse Split of one-one thirtieth would decrease the outstanding shares of Old Common Stock by approximately 96.7% or to 9,445,116 shares.
Florida SOS as of 2/14/14 12:30pm.
http://search.sunbiz.org/Inquiry/CorporationSearch/SearchResultDetail/EntityName/domp-p13000073660-2b99f894-effc-4071-8e68-8cd47de927cf/Vapor%20Group%2c%20Inc./Page1
Detail by Entity Name
Florida Profit Corporation VAPOR GROUP, INC.
Filing Information
Document NumberP13000073660
FEI/EIN NumberNONE
Date Filed09/04/2013
StateFL StatusACTIVE
Last EventAMENDMENT AND NAME CHANGE
Event Date Filed02/10/2014
Event Effective DateNONE
Principal Address
3901 SW 47TH AVENUE - STE. 415
DAVIE, FL 33314
Changed: 02/10/2014
Mailing Address
3901 SW 47TH AVENUE - STE. 415
DAVIE, FL 33314
Changed: 02/10/2014
Registered Agent Name & Address SVORAI, DROR
3901 SW 47TH AVENUE - STE. 415
DAVIE, FL 33314
Name Changed: 02/10/2014
Address Changed: 02/10/2014
Officer/Director Detail Name & Address
Title PTD
SVORAI, DROR
3901 SW 47TH AVENUE - STE. 415
DAVIE, FL 33314
Title VSD
NAHON, YANIV
3901 SW 47TH AVENUE - STE. 415
DAVIE, FL 33314
Title CFO
SCHCOLNIK, JORGE
3901 SW 47TH AVENUE - STE. 415
DAVIE, FL 33314
Annual Reports
No Annual Reports Filed
DD on date for R/S From Def 14c 2/11/14
(the “Information Statement”) is being mailed on or about February 11, 2014
The Amendment to the Company’s Articles of Incorporation will be filed with the Secretary of State of Florida no later than ten days after the mailing of this Information Statement. The Reverse Split would become effective as of the date of such filing (the “Effective Date”)
That would put the R/S on or no later than 2/21/14. This date is a Friday, so by Monday 2/24/14 we should be trading post split with new ticker symbol. That is how I read this and if you see it any different please correct... TIA and best of luck$$$$$$ ST.
Based upon the 283,353,478 shares of Old Common Stock outstanding on the Record Date, the Reverse Split of one-one thirtieth would decrease the outstanding shares of Old Common Stock by approximately 96.7% or to 9,445,116 shares.
Florida SOS as of 2/14/14 12:30pm.
http://search.sunbiz.org/Inquiry/CorporationSearch/SearchResultDetail/EntityName/domp-p13000073660-2b99f894-effc-4071-8e68-8cd47de927cf/Vapor%20Group%2c%20Inc./Page1
Detail by Entity Name
Florida Profit Corporation VAPOR GROUP, INC.
Filing Information
Document NumberP13000073660
FEI/EIN NumberNONE
Date Filed09/04/2013
StateFL StatusACTIVE
Last EventAMENDMENT AND NAME CHANGE
Event Date Filed02/10/2014
Event Effective DateNONE
Principal Address
3901 SW 47TH AVENUE - STE. 415
DAVIE, FL 33314
Changed: 02/10/2014
Mailing Address
3901 SW 47TH AVENUE - STE. 415
DAVIE, FL 33314
Changed: 02/10/2014
Registered Agent Name & Address SVORAI, DROR
3901 SW 47TH AVENUE - STE. 415
DAVIE, FL 33314
Name Changed: 02/10/2014
Address Changed: 02/10/2014
Officer/Director Detail Name & Address
Title PTD
SVORAI, DROR
3901 SW 47TH AVENUE - STE. 415
DAVIE, FL 33314
Title VSD
NAHON, YANIV
3901 SW 47TH AVENUE - STE. 415
DAVIE, FL 33314
Title CFO
SCHCOLNIK, JORGE
3901 SW 47TH AVENUE - STE. 415
DAVIE, FL 33314
Annual Reports
No Annual Reports Filed
The MM printed my buy as a sell @.0132 MM games covering shorts... lol
Filled Buy 45600 SPLI Limit 0.0132 -- -- 10:30:59 02/14/14
MM printing buy at bid... dirty bast*rds
Dig4Slvr, that is a very conservative target price.... 1.00 to 2.00 is closer to value/earnings at 7+ figure rev. pre split
Thanks beamin,, miss read that..... vape's R/S not vapor/aw works.... lol
slow and steady on the bid till the EOD run..... LOL.... We need news on r/s date
SPLI$$$$$$$$
ST
$SPLI filed with FL. S.O.S. and SEC Def 14c 2/11/14 a must read
EOD run today will gap in am... imo
it is a intresting read as to what Vapor Group is doing... imo is $$$$$$$
GLTA
ST
I see .33 before R/S if Vapor is 7+ fig. $10.00 with 9m float is a great start.. That will attract big money....IMO...
We will see more and more news.... helllll ya I cant wait to see there earnings
SEC filing DEF 14C 02/11/2014
I do not know how to post it but it is filed.... Lets roll$$$$$$$$ lol