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Yikes. Per the annual, they already paid them the $350,000 break up fee. The cost was > $50 million. How would you suggest we buy them?
I know this is "kickin 'em when they're down", but I went to my local quickie-mart for lottery yesterday. Might be a Kangaroo?
The mini-display on customer side of register that sold FIN products; e-cigs, AVS, & refills, was "gone". It also had a couple other brands on it but I don't remember which?
I saw Vuse & Mark Ten behind the counter by the cigarettes/tobacco products. I live in a busy beach town where there are 100's of convenience stores so I have no idea if it was just this one? They hire a new clerk about once per week and this one was brand new so there was no point in asking her anything. I'll re-check next week.
Take it FWIW...
Sorry for the duplicates...
From what I have read, the WORST possible thing management could do is to acknowledge NSS! Anything short (pun intended) of stating NSS "was" happening and has been stopped could be disastrous.
People know how difficult it is to identify & stop the activity so acknowledging it's happening, even if saying you're on top of it, would send people running for the hills.
JMHO...
The new corporate web site is not new & the counter has always been there...
Website: Is this like one of those things where one person sees a space-ship and then everyone else sees it too?
Not like I check it everyday, but I see NO visual differences? Same pages, layout, colors, fonts, etc. I even recognize some of the people mugging while vaping. Same FAQ's (like they report no later than May 30 for the second quarter)The "contact" page has also NOT changed.
The ONE difference I did see is I requested to be on the "Investor Info email list" and I did not receive an error. Yeah. I'll post if I receive an acknowledgment.
Maybe they are working on it and some new stuff was out there for just a moment?
"Revenues aren't flat. Not the BEST, but definitely not flat."
Revenue has decreased the past 2 quarters in a row. "Flat" would have been welcomed...
"I've sent the company numerous emails and messages through there contact form, but never heard anything back."
That's because the contact form is BROKEN and probably should be the first thing to fix! After spending 10 minutes to fix that problem, the bigger stuff can be tackled...
Speaking of Mansour, and since it's a slow day, am I being "picky" about why the word "potentially" was included in this statement from the PR?:
I am also pleased to have strengthened our relationship with the Mansour Group, which helps solidify our financial position and potentially creates opportunities for expansion in the Middle East and Northern Africa.
I thought since we kissed and made up with Mansour, distribution in the Middle East and Northern Africa was or would be a "done deal"? IMO, you can easily make that statement without the word "potentially" and still wouldn't be crossing the line. Just sayin...
By the way, don't text/read and drive! You want to be alive when we ultimately cash in!
Are you saying you think it would be a good idea to sell/issue shares so they could buy shares? Thanks...
You don't think an 8K for a letter from NASDAQ that warns "DE-LISTING won't effect the stock price? I know they get 180 days and they already told us they will "fix" the situation with another RS.
Yep, nothing to worry about here...
Just finished a glass of wine so I'm feeling a bit better... The determination to be "accelerated" is based on the public float market cap value at the companies "2nd fiscal qtr.". Q2 2014 made them accelerated. You keep that designation until the "next Q2" which is next qtr. for ECIG. Unfortunately, they likely will not be accelerated come June 30, 2015. You "did" see something. There was an 8K where they checked "the wrong box" as to their status. The correct box of accelerated was checked with the next 8K.
Here is all you need for "proof". They would not have filed the NT "not timely" on May 11 if they where not an accelerated filer whose report was due on May 10, right?
Geeeze, LM777's post nailed it. It is due via the extension TODAY. If the report is posted after close of business today, like around 5:30EST, it gets tomorrows date. They "are" an accelerated filer and they can't "choose" to not be one! This is the exact same crap we went thru at Q4. Sites like Bloomberg make an "educated guess" that means nothing. To me it will tecnically be late but so was Q4 and ther was no trouble that I know of, unless that was the cause of some of the issues in the Canadian markets?
This is probably part of the "master plan" to get us all talking about "report due dates" and not how crappy things might be!
Hope I'm not yelling or ranting "at you", not my intent!
Don't get me started. That doesn't work going on 6 months now. It is a "broken link" left-over from the former IR company related to the IPO. If you want SEC alerts, you need to get them from some other service, like your broker.
Remember, today is "day 30 under a buck" so we should definitely "hear something" real soon...
I have some thoughts but probably as many questions too. I starting buying VPCO in the fall of 2013. I continued to buy and ending up selling 20% of my position in Dec 2014 for a huge loss. I still hold a significant position and continue to watch it melt away. I thought ECIG would bail me out and now I hold "a lot" at a little over $1 dollar. Needless to say the e-cig/vapor market has "not been good" for me.
VPCO claimed 60,000 retail locations at one point. I think that number is 45,000 now? They are in the US and "somewhat" Canada under a private label but no other international presence.
They also hold a handful of patents related to e-cigs/vapes.
Q4 2014 sales did a major nosedive. The excuse was the transition from cig-a-likes to vaporizers. Some things I don't understand:
VPCO had a good variety of vaporizers, pens, disposables, re-fillables, etc. They also have US made e-juice and devices for dry-herb, CBD oil. So how were they not prepared for the transition?
Has ECIG used that excuse yet? i.e. the transition from cig-a-likes. In the US, other than the FIN AVS system I know of no other vaporizer products?
VPCO did a merger recently where they gave away 45% of the company. The new model is building brick & mortar retail stores. They have 5 or 6 open now with plans to have 20 by the end of 2015. They plan to get away from the distributor model. Q1 2015 sales were terrible but they claim it is too soon for the effects of the merger. The company they merged with already had some stores, various vaporizer products, but maybe most important a billionaire backer. They are talking about another RS and they need more capital to survive out of one side of their mouth and how the stores will be great, increase margin, make them a leader, etc. out of the other.
If the reason for their demise is bad management/decisions then my investment with them is screwed. If it's because e-cigs/vapes are dying already, market over saturation or something along those lines then I am really screwed!
A big lesson so far for me is to take at least some profit if/when you can. I failed to do that with both. The other is "patience alone" may not be a good thing. Probably some other stuff I forgot but I'm getting depressed writing this so I better go...
I saw something about "pro forma", which means whatever they want it to be, that didn't impress me either. I'm gonna get hammered now before I look at this any more. Maybe that we make me feel better?
It's out...
"800 shares" means somebody had about $320 to invest so 800 x .385 plus $9.99 commission = $317.99
Earnings are due tomorrow so they must be released or they are late. Unfortunately it will likely be after the close. As far as the poster predicting a "surprise beat", beat what? There are no projections for revenue or anything else so what would they "beat"?
I've had a depressing thought for at least a week or two. Since we're talking about another R/S, now seems like a good time to pile on:
We know management has been doing a "dog & pony show" to potential investors from recent filings, right? We haven't heard about anyone wanting to invest. Could be that the company is going thru "all the offers" to pick the best one, but I doubt it. These investors would have access to up to "today" sales figures and such. The share price continues to plument. Some possibilities:
A) The new plan to build brick & mortar outlets isn't working.
B) Investors do not "believe" the plan is working or will work.
C) There simply has not been enough time to see if the plan is working.
So, since Frost would get the same access, what does it say if he "does NOT" invest?
To add to my misery today, my PC has crashed. On phone, glad you found it...
What? (1st paragraph)
SEC filing yesterday after bell. Walking my dog, I'll post in a bit if you can't find it.
Ps, looks like we'll be f'ed...
Looks like the plan to stay on NASDAQ is a reverse split. Possible explanation for tankage...
That's something else, check the dates. They are still in some kind of vague filing default in BC that does not have a cease trade order? Default from is May 5, to --. On my phone. Search bcsc.bc.ca "default list".
I found & read that months ago. Unfortunately, my take was is if you have enough money and the right contacts you can short all you want, destroy a company, make a ton of money and absolutely get away with it...
NT 10Q out. Surprise, surprise...
Probably an old or dead/broken link, like the "investor relations" & "send info" links still are after 6 plus months.
Sorry, big pet-peeve for me...
52 week high is $6.94.
What do you consider "cheap"?
As you know, I was speculating as to what "Stockslayr" meant by "code blue" and I guessed correct.
I also posted last Friday how earnings should be out by next Friday the 15th and Monday the 18th would be the 30th day "closing" under a buck.
IMO, there better be "something good" in the report. I know they are building-out the stores so expenses will be up, I'm just saying we need to hear something positive regarding revenue to show that the plan is working. If we do, a pop over a buck would be likely, otherwise, "code blue"...
ps Since stuff always seems to leak prior to reporting, I don't take it as a positive that we continue to inch down instead of up.
Code blue?
1) What color does a person turn when they "stop breathing"?
2) Sometimes used in a medical situation to call for help when a "heart stops".
3) What K-mart used (almost) to announce a sale (blue light special).
I think the poster is referring to options 1 or 2...
I was in LV last year during this convention. It is huge deal! After waiting in line over an hour to register, I wasn't allowed in. It is for distributors, c-store owners, etc. Boooo
Not sure what's next, but here's something to think about over next couple of weeks.
Today was the 19th consecutive day we closed below $1. Monday 5/18 would be the 30th which would trigger a Nasdaq "de-listing warning". I know they would get 6 months to recover, but a warning would not be good.
Also, the past 2 years the 1st. quarter report came out on May 15th. This year the 15th is a Friday, which would also be "day 29" under a buck.
So, something is gonna happen fairly soon...
I am a former IT professional (mid-range systems for manufacturing) so we're on the same page. When I contacted them about the broken link, I said "to me it's like a company who doesn't answer their phone"!
Good luck, I'll let it go now...
I've been bitchin' for months that the "Investor Relations" link is BROKEN! If you attempt to request information or sign up to be on the mailing list, after you fill everything out you get an error. I was told it's "left over" from the former IR company.
How tough would it be to AT LEAST provide a simple message like "please contact blaa, blaa, blaa at IR"...
You're talking about e-commerce and major re-writes. Maybe they could start with a 10 minute fix?
Re: I'd like to make one point nobody has made...yesterday was the largest volume day in the history of ECIG relative to its OS and it was an up day by 65+%....I shall reiterate that this is just the beginning.
Post by Yeag1717 below:
Tuesday, April 28, 2015 3:05:44 PM
Re: None
Post # of 66636
Largest volume day in stocks history if you take into account pre R/S figures. Largest amount of money changing hands. That's good right?
I think you also said we would close above a dollar yesterday. Let's not get too full of ourselves, settle down...
Re: "Free shares". See my post #65606. Do people only read their own posts?
As it turns out, the "infamous email" was 100% legitimate. It was post no. 9521 on 12/22/14. Unfortunately, d-bag Willis did NOT include the words "pro forma" along with the $80 million figure.
The same comment & figure can be found in the recent 10-K and the use of "pro forma" was debated here. There were also a few posters who attempted to explain what Willis may have meant by stating $80 million back then but most people read what they wanted to.
The next problem was since "Willis said $80 million", & sales thru the first 3 quarters was about $30 million, many "iHubbers" deduced that Q4 "had to be" $50 million.
The NEXT PROBLEM was once again, "iHubbers" stated as fact that if Q4 2014 was $50 million, then clearly full year 2015 would be AT LEAST $200 million!
The NEXT PROBLEM was more "iHubbers" said that "only $200 million" wasn't factoring in growth so clearly 2015 would be much more than $200 million!!!
For the record, I do not know the original poster (z_deville) and I blame Willis.