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doubtful as the converts have been easing back when needed to remain in the channel its been in for a while now. Convert down to mid 2's, let up allow those to flip till .0035 repeat. Will be in this channel until converts done or material news
Lots of shares being bought though, someone must be holding a ton of shares
that is not a new deal just them filing that they are now beneficial owner at they own 10% of O/S
There is no reason to release material news until the 8k is filed, get the company current, then start to release news and name change.
Same pattern as all successful reverse mergers
From my experience those that respond more to shareholders are the ones in the business of selling shares
They are trying to get an 8k done for 3 years of audited financials while trying to get a business off the ground. What do you want from them, a webcam following them around so you can watch them every minute
They put out a letter on the 31st saying things were moving, there is no reason to release any news until the 8k is behind us.
Trying to appease the auditors and legal while running the day to day all through the holidays is enough to deal with and do not need to be bothered by responding to shareholders.
still vastly undervalues 1.1B O/S x .003 = $3,495,000 Market Cap
Q3 YTD Revs = $3.3M
so currently market cap is lower than 3Q's of revenue, should be values at 3-5x annual revenues.
So assume slight increase in Q4 revs, put at $4.7M or so for the year
lets round it off for simplicity
$5M x 3 = $15M Market Cap - PPS .013
$5M x 5 = $25M Market cap - PPS .02
Both of which lower than many others in sector and almost a 10x from current levels
Understand but VFIN can be used by anyone
O/S 1.1B, converts must almost be done
looking like trips today, MAXM with 5.2M on the ask at .0012 and not much bid support
Good job folks, protecting .01 with strong support, lets attack the ask into the close.
Depends, they probably held a lot of 1's as thats when Dok was loading.
But they could have made a quick 100-200% today in DIDG so they most likely recouped.
Just a large retail holder getting impatient and jumping to the flavor of the day, happens all the time in OTC land.
Now they will just help us push the PPS higher once SWRF becomes the "IT" stock of the day
I do not think there will be anything of substance in the 8k, but the filing of the 8k in and of itself is noteworthy for many reasons.
1) It gets the company current on its filings with will allow it to uplist to Pink Current.
2) It costs a decent amount of money to get this filing prepared, audited, through legal and filed with the SEC. To me it shows there intention to grow the business.
As far as R/S, that is always the biggest risk in a reverse merger, however in the letter from Will Westbrook on 12.31 he said numerous times about building shareholder wealth and wanting to have a committed investor base.
the fact that Will has connections to Romney, means he is aware of what a good, faithful constituent can do for a person or in this case a company. I don't think they want to screw the current shareholders at the expense of the company at large.
It could all go in the crapper as this is a pure lotto play, but the filing of an 8k is significant on its own merits and what is contained is a lot of SWRF info
If people are lined up to buy, wait till last push to get this closed above .01, that is a very bullish close above a penny and will get many scanners lit up
looks like they will get hit during power hour, no support left at .0011
My guess is they wanted to free up funds to jump into DID$ that is running hard
I do not believe the company can currently dilute until the 8k is filed. But we will see the updated share count at that point
Take out that 1.5M wall and this will really get moving
Not if it can't close above one
Nevermind, holy bid support, over 3M at 98
.01 keeps getting rejected, if it cannot break today it will go lower
No "Super 8k" is the term for the reverse merger 8k filing. It will contain the audited financials for the last 3 years of both the SWRF shell as well as for Sooum. It will not contain and forward guidance or estimates for 2015.
It is a filing to finalized the merger, get current on filings and present the final combined entity financials.
Do not expect any fireworks from the 8k, it is merely a formality that requires a great deal of work on the Sooum team as auditors requests can be extensive and providing this info on a stinky pinky shell and a company that has been private can be difficult.
Yup, could be to protect against takeover as company with high value low share price is ripe for hostile takeover if certain protections are not built. And can also be used for internal purposes such as employee stock option plans and such. I do not think anyone here believes that the company intends to dump 100B shares into the market as it is simply not possible from a supply/demand perspective.
Read what i said closer, you said they made a killing on the run to .45 selling shares that are restricted and not even registered with the SEC to trade.
And at the time of the run they were on OTCQB and fully reporting with the SEC not a stinky pinky, so if they did what you are insinuating they sold shares that were not registered with the SEC and did not file the apprpriate form 4 violating Rule 144
Well the SEC has warmed of Ecig scams so they are on their radar but VPOR went though FIRNA without issue and now has had zero indications of anything violating SEC rules
There is no scam here, its called convertible debt that 90% of OTC companies have, why they are on the OTC
Maybe you should brush up on your SEC rules
What Are the Conditions of Rule 144?
If you want to sell your restricted or control securities to the public, you can meet the applicable conditions set forth in Rule 144. The rule is not the exclusive means for selling restricted or control securities, but provides a "safe harbor" exemption to sellers. The rule's five conditions are summarized below:
Holding Period. Before you may sell any restricted securities in the marketplace, you must hold them for a certain period of time. If the company that issued the securities is a “reporting company” in that it is subject to the reporting requirements of the Securities Exchange Act of 1934, then you must hold the securities for at least six months. If the issuer of the securities is not subject to the reporting requirements, then you must hold the securities for at least one year. The relevant holding period begins when the securities were bought and fully paid for. The holding period only applies to restricted securities. Because securities acquired in the public market are not restricted, there is no holding period for an affiliate who purchases securities of the issuer in the marketplace. But the resale of an affiliate's shares as control securities is subject to the other conditions of the rule.
Additional securities purchased from the issuer do not affect the holding period of previously purchased securities of the same class. If you purchased restricted securities from another non-affiliate, you can tack on that non-affiliate's holding period to your holding period. For gifts made by an affiliate, the holding period begins when the affiliate acquired the securities and not on the date of the gift. In the case of a stock option, including employee stock options, the holding period begins on the date the option is exercised and not the date it is granted.
Maybe you should brush up on your SEC rules
What Are the Conditions of Rule 144?
If you want to sell your restricted or control securities to the public, you can meet the applicable conditions set forth in Rule 144. The rule is not the exclusive means for selling restricted or control securities, but provides a "safe harbor" exemption to sellers. The rule's five conditions are summarized below:
Holding Period. Before you may sell any restricted securities in the marketplace, you must hold them for a certain period of time. If the company that issued the securities is a “reporting company” in that it is subject to the reporting requirements of the Securities Exchange Act of 1934, then you must hold the securities for at least six months. If the issuer of the securities is not subject to the reporting requirements, then you must hold the securities for at least one year. The relevant holding period begins when the securities were bought and fully paid for. The holding period only applies to restricted securities. Because securities acquired in the public market are not restricted, there is no holding period for an affiliate who purchases securities of the issuer in the marketplace. But the resale of an affiliate's shares as control securities is subject to the other conditions of the rule.
Additional securities purchased from the issuer do not affect the holding period of previously purchased securities of the same class. If you purchased restricted securities from another non-affiliate, you can tack on that non-affiliate's holding period to your holding period. For gifts made by an affiliate, the holding period begins when the affiliate acquired the securities and not on the date of the gift. In the case of a stock option, including employee stock options, the holding period begins on the date the option is exercised and not the date it is granted.
That is a lie and against SEC rules and up until a month or so ago they were fully reporting with the SEC. So if that is true they would be violating SEC security law, is that what you are saying?
But they have not sold any shares to date so how would they have made anything. Forms would need to be filed for any insider shares sold and they are all locked up till later in 2015
As i stated earlier, Dro and Co do not want the price to be in the trips as they will not make enough money on their shares and have made little to no money yet on VPOR as they do not take a salary
1B shares at .001 = $1M
1B shares at .0005-$500k
1B shares at .0001=$100k
Pretty sure that Dror and Yaniv want much more than $50k-$500k a piece for the work that they put in. They want to sell there shares at a much higher price and will rebound once dilution is done.
They set it up so all debt will be gone by the time any of there shares are vested and able to be sold, at which time the PPS will skyrocket as they are profitable, cash flow positive with zero debt
Either flip or come back for 10k earnings, do not pay attention to the day to day unless you want to sell and scalp.
This will rebound once converts stop
Well you can look at the news for yourself, but yes that is what they are saying and i feel we will get the same news here sometime in first half of 2015
We will make a move similar but more explosive to MINE who just PR'd they are done with converts and now can received more traditional financing.
Difference is VPOR has lowers O/S & A/S and much more revenues currently and much mroe revenue potential
Whats the real dilution problem, the converts that have been on the balance sheet since last March?
People say they don't provide info to shareholders, but obviously they do care and are trying to create value.
The explanation provided therein makes perfect sense and is in line with what big board companies do. I work for public company and received options/RSA's from time to time and each carry a multi-year vesting period to smooth the conversions from employees.
Its a win win as it provides conversion at a slow easy pace while also giving employees a vested interest in increasing the share price.
Also, for those screaming trips and that Dror is just gonna cash out. Look at all the work he has put in the past few years with out a salary, just the stock.
Even if he accumulates 1B shares, if the prices crashes to .001 he will only gross $1M. Sure huge payday for all of us, but for the time and effort put in I am sure he wants way more than that.
And if it crashes even more then than as people scream .0005 $500k, .0001 $100k, so don't think thats the plans that they have just wouldn't be worth it.
If you've held this long, you need to see what happens with the 10k then Q1 '15 Q, the next 5 months is do or die time for the company. As conversions let up they have the opportunity to show shareholders what they have been doing with the debt money, if they turn out a debt free company that is gaining market share, increasing revs, decreasing expenses then the increased O/S to 1B is nothing as they will be able to do a buy back if necessary with positve cash flow
Now it could all implode if they are not executing which will be clear as day when the next two filings come out.
It is an error that has happened on multiple ticker, not just VPOR. It closed down at 36
just L2 issues, having same thing on other tickers
I am nothing but honest and upfront, no hidden agendas and no reason for my post to be deleted.
Last post of the day, and feel free to look at my posting history as I clearly typically say only positive things but i refuse to look the other way when something doesn't add up.
Doesn';t mean this will be a bad play just that the posting of the shipments are suspect as they do not correlate to any of the companies' filings over the last few years.
if the wood was bought why is there no revenue from prior years? I would just like an honest answer to this question as it does not make sense.