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I know same flipper BS, pump one minute bash the next. Seems you need to do a better job though as no one is selling
We are all awaiting the 8k and audited financials which should be out no later than the end of January, but you already know that.
The worth of the shell is irrelevant as it was only a means for Sooum to go public much cheaper than an IPO. The update provided was good in that it states they are working towards a common goal and are integrating all of these various aspects into the new Sooum
Have you ever been involved in a merger or acquisition? I have and even for large companies it can be quite cumbersome and time consuming as it takes all departments and working of various external parties to get everything finalized. And this is all just for the routine business processes let alone the dissemination of new contract news that most likely still needs to go through legal and financial scrutiny now that they are attempting to be fully reporting.
You don't go from a strart up private entity to a fully reporting publicly traded company overnight will all PR's and documents ready to go, this is why the SEC gives companies more than 2 months to get the 8k done as it is known it will take time.
Add to that its year end reporting and tax time with holidays thrown in, they have more than enough on there plate to work at instead of babysitting the PPS.
though your just a flipper anyway so you could care less
Not to mention trying to accomplish this all through the Thanksgiving, Christmas, New Year holiday when it is often difficult to get full time attention from auditors, lawyers and other consultants due to time off and other obligations
tired of pennies yet that is all you post about, hmmmm
Well rumuda has been in this stock for a while not and didn't seem to stop you from posts like "SWRF=Gold"
but now all the sudden its bask mode, lol. i know load, load, load, pump, pump, pump, sell, sell, sell, bash, bash, bash repeat
Why sell now, you have a clear deadline of the 8k that must be filed per SEC guidelines
Why would the company be concerned about PR's before they even finished the 8k, that is putting the cart before the horse. The 8k will be the start of the run or collapse as that is when the real fun begins
Funny how some forecast the dump minutes before it happens, then all the sudden everyone is bashing.
Think people are banking on selling today, no news tomorrow, sell off and rebuy at 3-4 for rebound back to 6
Agreed, just doesn't make sense to dump into the bid at 5 when 6's have been attacked last few days
maybe Dok had that interview and it didn't go so well, rumuda and him dumping some shares
is odd with the amount of volume there has been at 6 that someone would want to dump 40M at 5, why wouldnt they have sold them at 6 over the last few days
I know right, only has 1M to sell and can't liquidate his position with over 60M in volume
Funny, it seems like it is even on the day to me and up 600% in past couple months
For one, never use ihub as a source of info. But all we know is that As of December 3, 2014, there were 514,376,672 per the most recent filing
http://www.otcmarkets.com/stock/VPOR/filings
Convertible debt has brought it down after it was heavily shorted along with all other MJ stocks after the Q1-Q2 boom.
the VPOR chart is not unlike almost all of the other MJ tickers just have a more drastic increase which means more dramatic decrease.
So combo of conversions and lost interest not offsetting the selling is what caused the collapse.
Convertible debt has brought it down after it was heavily shorted along with all other MJ stocks after the Q1-Q2 boom.
the VPOR chart is not unlike almost all of the other MJ tickers just have a more drastic increase which means more dramatic decrease.
So combo of conversions and lost interest not offsetting the selling is what caused the collapse.
lol, people repeating the Dror non sense again, like a broken record. we get it the sky is falling, you are the master at valuations and thing a company that makes $5M in annual revenue should have a market cap of $1M
This is all about debt, the success of the company will be how they can leverage that debt into future growth. I work for a company with market cap in billions, took on hundreds of millions in convertible debt this year and guess what they market responded favorably.
Now this is the otc, so convertibles are the boogie man but is all about what you do with the money and VPOR has shown it has gone into inventory and increasing revenues. Until the money is unaccounted for they are doing the same thing that all companies do in massive growth stages, look for financing to raise capital
Because of the balance sheet and debt, look at Mcig, fraction of the revenues and 35M mkt cap.
Once the debt is cleared and the balance sheet flips this will be a completely different scenario
why is it that other companies in similar industry are trading at much higher market caps with no revenues?
If O/S is 1.5B and company makes 6-8M in annual revenues then market cap should be about $30M-$45M (5x revenues)
that would equate to PPS of .025 (37.5M mkt cap/1.5B O/S)
.025 - .003 = .022/.003 = 733% gain
Sounds good to me
Not sure news tomorrow would be the best, better off waiting till next week instead of New Years Eve where markets close early and many do not show up to work.
I think the major decline in PPS and market cap compared with revenues is exactly why this is a great potential play.
Show me any other play in the industry that is valued lower, i don't care what the O/S is, its all about market cap and this trades currently with a market cap below revenues.
this should be 5x revenues about $30M-$45M Mkt cap and you can do the math on the PPS, hint event with 1B O/S and Mkt cap of 37.5M PPS should be .0375
3's were the bottom now 5's are the bottom. Lets keep the slow rise up as shares are accumulated into longs hands.
this volume keeps up and a squeeze is bound to happen
Bid/Ask getting a little jumpy, bid currently at $5 ask $20, was showing $45 for a few minutes
Far from bad day, on slow vacation week at end of year we are only down 13% after massive gains on. I'd say holding large portion of gains last week on large volume is a great sign
Let it churn and rebase here before it moves again.
3.3M on bid at .0033 and 11.6M in total through .001
currently being flipped but bid support and interest is still here thats for certain
Try to make your claims somewhat realistic
Stephen J. Messina, 51, an operations employee at a suburban Philadelphia computer supply company is the one identified in your SEC claim
Steve Messina began his 23 year career on Wall Street as a Fixed Income execution trader for Oppenheimer & Company. Responsible for the Trading and marketing of Federal Agency bonds and US Treasuries to Oppenheimer’s sales force. After several successful years generating revenue, and sales commission for the firm, he was promoted to Executive Director and moved to the Inter-dealer and Institutional sales-trading desk.
As Executive Director, Steve cultivated and managed over 150 Institutional accounts, and was instrumental in enhancing the firms Fixed Income presence within Capital Markets domestically and abroad.
Does this seem like the same person
Really no point in selling now if you haven't already unless for tax loss reasons. Has been churning consistently in the 3-4 channel with 29-3 looking like bottom.
All, this can be a rare instant where the little guy takes control from the MM's.
Don't flip this stock, at least not at these levels. Buy, buy, buy, hold, hold, hold and we can lock the float up and watch this thing move 10,000%
I have seen this before and with the right mixture of float lock, reverse merger 8k, PR news of new company, and Revs can lead to serious gains.
Is it possible that the company is now registered in a different state? I feel it is odd that the R/S info is still not posted to NV SoS as they still list original share structure.
I sold off most of holdings but kept 1.5M or almost nothing post split just to see how things play out. Bid/Ask has been weird since the change with $7 currently on the ask.
What is the point of going public with a company with zero liquidity? This i have yet to figure out, but this is playing out almost the same as Flex-Power
Is your question why buy a shell vs. IPO or why go public at all?
IPO vs Shell is easy, shell is much cheaper and faster than an IPO. IPO's can take years and millions of dollars to complete. A shell can be purchased for 20-100k and brought clean for few hundred thousand more. The shell is already public so it takes a lot of the initial red tape out of the equation. The effort now is in getting all filings current and producing 3 years of audited financials then they are free to uplist to qb status of .01 pps criteria is met and will at least be current status.
As far as why go public, that is harder to say with certainty as there are many reasons.
1) Sell shares and make money of shareholders by dangling great idea and hopes of future revs which often is the number 1 reason many go public on otc
2) access to convertible financing, many distressed, cash strapped companies can access capital via convertible debt some toxic some not as much. Almost always at expense of shareholders and cause death spiral of PPS (see 75% of otc tickers)
3) Traditional financing, due to audited financial statements and equity banks will be more willing to offer traditional financing or revolving lines of credit. Of course depends on quality of said financials.
4) Acquisitions, with stock it allows companies growth opportunities otherwise not possible as significant cash is often required.
5) Hiring/Internal Growth - having stock and option programs can often attract a higher quality board and management team due to equity compensation.
Now in the OTC share selling companies are the norm, with real revenue generating companies in toxic debt spirals in close second and yes they are not mutually exclusive and often work in concert.
however, there are times where items 3-5 might be a reason for Sooum to go public and fast track their business and capitalize on the potential that exists.
Large bid support but slap the ask very very slowly as to not cause a breakout, they are very carefully loading in my opinion and do not want to start the TA breakout early
20M in bid support ready to run
L2 starting to flip, bid getting heavy at 8
9M on the bid vs 1M on the ask
All moving averages are converging around 5, something has to give but 10SMA and 50SMA are starting to cross the 200SMA
90 day daily chart
10SMA .0004
20SMA .0005
50SMA .0005
200SMA .0005
Still more on the ask then bid and if people bid sit this will go lower before EOD as people exit before holiday
True, however if you want 4's you need to slap and 3's are not being touched
4's are coming down fast
I hope not, its xmas eve, why would any company waste news on a half day before major holiday
Almost a repeat of yesterday, ask slapping out of no where and 31M on the bid at .0004
Someone just waiting to see if 3's will hit and when they dont they cave in and go for fours. Someone wants a lot of shares at 3/4
Why would a fully reporting SEC filer who received FINRA approval Q1 '14 be halted?
Looking at L2, seems like we are dealing with tax loss selling at this point as dilutors are off the ask currently with volume slowing
Good thing we have a FINRA approved, SEC filing, fully audited ecig company here. if it is a scam then, FINRA messed up, the accounting firm is committing fraud and SEC is turning a blind eye to all of the filings