A public company has many more choices of financing then a private company. Convertible debt is used by small OTC companies and multi billion dollar big boards

Why does any company go public, to raise funds and expand

some big buys on the ask 153k, 87k, 44k, 176k, about $18k worth

they already loaded on the high volume days in April and May

No one wants to sell 239k in volume and 1.6M lined up at .0027 to buy.

Accumulation still through the roof, RSI very very low. Regardless of news this thing will run anyway.

I find it very hard to believe as the cost to short this wouldn't be worth the potential gain

There are different trading styles, one is to play reverse mergers. People play close attention to sales listings of a shell and the associated ticker. Once the shell is sold they buy shares prior to any news coming out. They then sell when filings come out causing the price to go from the trips to .oo3.

Now the next round of RM play investors come in. Buying the rumor which is confirmed via filings with SoS and press release from company who sold the shell. We will sell once news is released and the next round of investors come in who will only invest once the RM is PR'd by the company

This is basically how ever RM play works, now sometimes the second wave crashes due to the news from the company but everyone here is well aware that this is a high risk, high reward play.

If there were sellers the Acc/Dis line would reflect it. When the price drops but Acc/Dist increases it is telling on what is happening.

Looking at L2 we are still dealing with converts, large sells below the bid that does not show on the ask. Once it is done we will move organically north.

Might explain the lack of news from the company as they know it won't have a posstive effect like it will once they are all sold.

Low volume also means no sellers, if all was not well why is everyone holding their shares.

Also purchasing 53.5% of the O/S wouldn;t make sense unless there was some sort of plan to go public using the GLGT shell

No point buying public shell and paying fee's to Nevada SoS for filings if they did not intend to do something.

The company could care less how long you wait, they are under no time table, only their own to ensure that everything is done properly. Or FINRA's and they are def under no time table.

Buy the rumor sell the news, once it is PR'd by the company or approved by FINRA you will not be able to buy at these prices

All are buying the rumor as everyone does on the OTC to be able to sell on the huge run up when news is released.

Is it a given, of course not, nothing is whether on or off the OTC, but all are here willing to bet that it will as the risk/reward is great.

I think it is possible if they execute their plan

- 10 retail locations in Florida by EOY
- 10,000 stores carring product nationwide by EOY
- Franchise locations in north east being worked on
- low cost Vap option released by EOY

I think all of these things could equate to a much higher 2015 rev figure but as we can see there are a lot of moving parts

It does a lot, it is same as paying off convertible debt. Reduces potential dilution

Also, it shows once again that they are shareholder friendly and the willingness to grow the company and increase shareholder value. Name me one other OTC stock that is reducing the A/S then having the owner reduce convertible shares.

The July amendment was stating that they now hold 53.5% of the O/S it was a correction to an earlier filing. It was shared a couple weeks back

If they are dead why are you wasting your time to post, all that post have a motive. Your's is evident

Shareholders Ask, Dror responds with a great little PR

- Franchises up and down the east coast

In July we began the process to franchise our "Total Vapor" store concept in Connecticut, New York, New Jersey, Pennsylvania, Delaware, Maryland, Virginia, North Carolina, and Washington D.C. We will have more to report on progress here in the coming weeks. Each of these market areas represents great sales potential and we are excited by the projects.

- explanation of American Smoke

In March we increased our percentage ownership of online retailer, American Vaporizer, LLC, and due to slower growth than projected, and the need for incremental investment, sold off our 51% interest of this company in June, so that we could refocus our marketing strategy and inventory investment and obtain a better return on our working capital. Important, the sale allows us to better focus our efforts on our core brands and the new products that they will bring to market this fall.

- Colorado Distribution

Separately, in the coming month, we will update you on our considerable progress in establishing broad distribution in the State of Colorado.

- New products

That said, we are currently in development of a line of low-cost, affordable vaporizers, including one available as a blister pack, and a limited edition series of vaporizers as well, all of which will be available by the holiday season.

We all have nothing to worry about, they are working on everything

Do you think they are doing a bad job? They have been public for 6 months and produced $2m on revs, reduced the AS by a billon, opened a few retail stores, while decreasing the working capital deficit.

They have shown that they will release news when news is worth releasing and will not simply put out fluff PRs. I would much rather a growing company focus on increasing revenues and improving the balance sheet than nursing the share price. If they continue to execute then plan that they laid out the PPS will rise. As everyone has said this is the OTC, the wild wild West of trading and a lot of things can be happen to PPS but of they can weather the storm and continue to build they will be on higher exchange by end of 2015

Do you think they are doing a bad job? They have been public for 6 months and produced $2m on revs, reduced the AS by a billon, opened a few retail stores, while decreasing the working capital deficit.

They have shown that they will release news when news is worth releasing and will not simply put out fluff PRs. I would much rather a growing company focus on increasing revenues and improving the balance sheet than nursing the share price. If they continue to execute then plan that they laid out the PPS will rise. As everyone has said this is the OTC, the wild wild West of trading and a lot of things can be happen to PPS but of they can weather the storm and continue to build they will be on higher exchange by end of 2015

Shocking that people do not understand how reverse mergers work or trade.

Anyone can look at a multitude of other RM's and they have all traded in similar patterns.

People buy the rumor, sell the news. thats how you make big money. All here are buying cheap shares on the rumor and will make bank once the news hits and others start chasing

I understand that as everyone has different risk appetites, I am willing to ride the waves and take on the risk for a bigger reward. Some flip for 10%-30% daily/weekly what have you. I am willing to hold certain stocks for months/year for 300%-1000% gains.

Did all right so far this year so willing to hold even if it goes to a .01 as i know it will at some point be back over .20

I agree, companies in a rapid growth stage must take on debt be it traditional or convertbile. In the pennies you will not get traditional debt as the lenders do not trust that you have cash and would rather have the flexibilty to sell shares and make higher yield.

i work for a company that will do over $400M in revs this year and we had a $200M convertible debt offering a couple months back. Tons of cash, cash flow positive and EPS over $1.5 but still wanted $200M in convertible notes, why because they want to be a $1B in annual revenues and do not want to do it organically.

Same with VPOR, they need cash just to bridge the Inventory turnaround and AR Days sales outstanding(DSO). They are making money but are dumping it all back into the company which every investor should want. If they keep doing what they are doing things will look vastly different April '15

To many convertible's, can't reduce or won't be able to cover

It has been said numerous times, nothing will change until volume comes back

Last week I vacationed at outer banks NC, was a 7 hour drive. On the way there I saw at least 10 Vapor shops.

My take is they must be doing well is there is that many, when i took the trip last year i do not remember nearly seeing as many, just a few tobacco shops.

this is not retail selling for the most part it is VFIN selling with reckless abandon for converts

Looking like we will break all support

Only thing that makes sense is convertible debt selling without the buying pressure to offset. You can see this happening to many OTC stocks in the summer doldrums with lack of volume.

Not sure I understand, the O/S only changed by 9M shares and was not due to insider selling, it was convertible debt

Look at the Q for O/S as of Tuesday

Convertible debt and not as much trust as they have been public for 6 months.

AS someone has mentioned Hanover comes in 3 tranches with first being like $400k, they were able to pay down $216k in debt during Q2 so it is not out of the question that they may be able to payoff a piece

That would not makes sense, pay off convertible debt before a buy back

Increased rev's, decreased loss, bought $700k in inventory, opened 4 retail locations, deployed the Vapor Box and pay $216k in prior debt. Oh and they attended can cup and weekstock conference which will attribute to marketing costs.

Not sure whats not to like, i think some were thrown off by the timing of the revenues from Vapor Box and retail which will hit in Q3

Porky they paid 220k in loans in Q2, so I would say its a safe bet that in Q3 they will be makign more payments.

you have said yourself multiple times, summertime blues with no volume. Only 900k has traded less than 1% of the float, this will be fine once the volume comes back to the OTC.

No stocks are doing well in OTC land, just pop, flip, PPS decline as volume dries and repeat. Shorts are having a field day all summer long as they are easily able to short and quick pop due to low volume

Non of the sales of American Smoke are included. Now what they generated for themselves off of that is impossible to know without disclosure from the company.

but since they sold the company removing all balance sheet items they would also have to exclude all American Smoke revenues. Can't take the rev without the expense. So the Q is reflective of Vapor Group

Any questions let me know and will do my best to answer. I for better/worse live in this world and am an accountant for public company

Lol, agreed but it is important to educate people when they think something is negative because they do not understand accounting. If you do not understand basic accounting reading a Q/K can be dangerous

Very good breakdown to give people an understanding on how to read the BS. At least for a retail sale company rev rec is straight forward. Once the order is shipped or received by the customer the revenue is recognized depending on the shipping terms.

Try to explain VSOE for software sellers and you will make peoples head spin

Not sure you understand what accounts receivable are. All AR has already been recognized as revenue. That's what AR is revenue where the cash has yet to be collected. That will flip to cash as the amounts are collected.