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If you have held in this long why would you sell now???? Doesn't make sense to sell at or near the bottom with Q2 coming and news of why the company went to Denver.
This much like all penny stocks during the summer spike on news, then get shorted down on low volume.
There is no timetable on a reverse merger, it is done when the necessary audits, paperwork and requests from FINRA are filed.
I thought the dumping was last friday, well i guess if someone makes the same claim every week they will be right at some point
though screaming the same thing over and over again makes one question everything that they say
We are officially in the doldrums of summer. Volume at less than 200k in the first 1.5hr of the day. Nothing gona happen until investors come back
As others have said this is good time to load up for run at the end of summer beginning of fall. Same story last year as many penny stocks tanked in the summer i loaded up on growlife teretech mcig and did very well come Jan-Mar, I expect the same story here only bigger.
The rumors have been confirmed to be true why move on until official news is released. Updates happened on Nevada SoS last week so company is obviously still active and working on merger
Can anyone deny that the shell has been sold to Turbine Aviation?????
All logic would agree bit VFIN with non changing ask is always a boogie man in OTC land.
With the boys taking a trip to Colorado I am sure we ate in store for a few more surprises in coming months.
There was a T-trade for 86k shares so very well could be short covering
TA being gagged isn't a bad thing though we all want full disclosure but many big board companies do not make this info avaialble.
VFIN on the ask that does not move can be an issue but we shall see tomorrow, today's action was not positive.
But on the other hand, reducing the A/S then diluting doesn't make sense either.
Agree, I don't believe anyone unless they provide proof. but how would they know that they are not responsive to anyone? who is anyone as i am sure that they do not know who is attempting to contact Turbine and who Turbine is contacting.
Turbine is obviously working on something as there were 2 amendments filed with the SoS last week, so they must be responding to someone.
Well if they are no longer the IR firm why would Turbine be responsive to them, they would be an outsider at that point not covered under any NDA agreement. It would be the same as if you emailed the company and did not get a response.
I take it as the merger was completed and Turbine took control of the shell and have hired their own firms to proceed. Why would they want anything to do with minananamararar longer than they had to to purchase the shell.
Can you provide screen shots as you can never take someone's word as fact around here
I believe VPOR will make similar moves that all in the sector have it will just be on a bigger scale. Look at all MJ/vape stocks, the spiked, when down 50-70% then ran like crazy than loose 50-60%
Thats why Terratech Mcig to name a couple are at where they are. They went from sub penny-penny to to .20, then back to .05-.10 then a dollar now both are basing in the .35-.45 range.
This is the exact trend VPOR will follow only we made it to .45 on first push with all the right things aligning this can .75-.90 on the next run. Though I truly think VPOR is a wildcard due to the revenues they have already generated and the knowledge they have shown due to the decesions being made. Some might question Dror's past but we have all done things or been in situations that we regret whether we are complicit or not. He know finds himself in a situation where he can make a company worth $500M and have no need to play the penny market game. This is the opportunity of a lifetime for many as an industry as mature and untapped as MJ/Vaping doesn't come around to often.
That was not manipulation that was a massive sell of like 80M shares.
Yup, NITE is now content loading up, didn;t want them in mid to high .003's but now probably feels that time might be running out and best to scoop up shares before news is released
And with 2 corrections posted it makes me feel better knowing that there is not a bombshell in the first, as if it was there would not be another less than 24hrs later.
I think they are getting everything prepared for finalization of the merger, next week could get interesting
One things for sure, it is being worked on. The actions at least show us that something is happening behind the scenes. Due to the complexities of the merger they may have wanted to get through any obstacles before releasing news to the public.
I'm thinking they maybe received some comments from FINRA and are making the associated changes. There is often a back and forth with FINRA and SEC relating to comments and the comments they give can be pretty mundane
Just like they couldn't reduce the A/S because of all the filings
New action on NV SoS, wish someone lived by SoS to get a copy in person, it takes a while to get stuff when orded online
Action Type: Correction
Document Number: 20140529949-75 # of Pages: 1
File Date: 07/24/2014 Effective Date:
Can anyone deny that Turbine Aviation bought the GLGT shell?
Can anyone deny that they are waiting in FINRA for merger approval?
If you cannot deny the above to statements the sell up, dump or whatever the vultures call, it is pointless. This is a reverse merger play it will either be a 5x-10x or go back to .0001. Everyone here knows this as this is a very intelligent board.
Somebody must know something positive they are buying up the .0027's
Obviously there is as some retail newb wants to throw up 123k on the ask
I say it is a lotto pick as we do not know for certain if FINRA will approve and we do not know what the share structure will be when all is said and done. Nothing in life is certain, but the DD performed here enough for me to purchase 4M shares and see how this plays out. Gotta pay to play
I do not feel they would open a store so far from Florida at this point. They will wait until they see how the stores work locally before spreading outward.
I think it will be purchase order, distribution agreement for placement of VapeBox. If i remember corectly Wolf stated that hanover was at weed stock conference and that Wolf and Hanover were introducing Dror and Co. to stores, memory may be a litte off but that is what i got from it. Now that the VapeBox has been release to positive reviews i could see them getting some PO's for large orders.
Maybe it will be stores but i feel this is what they will do first.
Thanks Grundle, always nice when someone steps up and admits they were wrong, will keep that in mind going forward. Good luck
NITE and CDEL looking to slow things down, my guess is there on the short side and need to get shares before they get to high.
And i liked that tweet by Dror about another Colorado visit, anyone with half a brain can see what that is about.
Ask and you shall receive, guess you should brush up on your reading
Vapor Group, Inc., VPOR, Announces Reduction in Quantity of Authorized Shares of Its Common Stock
Jul 24, 2014 (eTeligis.com via COMTEX) -- DAVIE, FL , United States, via eTeligis Inc., 07/24/2014 - - Vapor Group, Inc. (OTCQB: VPOR), (the "Company", "Vapor Group"), announced today that its Board of Directors had approved on July 22nd a reduction in the total number of authorized shares of its common stock from two (2) billion to one (1) billion shares.
Dror Svorai, President and CEO of the Company stated, "Several of our shareholders have expressed concern over the large number of shares of common stock that we could issue over time. We are delighted to announce that we have decided to immediately file an amendment to our Articles of Incorporation reducing the number of authorized shares of common stock to one (1) billion from two (2) billion that is, we are cutting it in half. Over time, we will re-evaluate the number of shares of common stock authorized, and if we can cut it further, we will. We believe that this change represents a reduction in the amount of dilution that can impact our shareholders."
He added, "This change also represents our continued review and evolution of our corporate structure and overall business strategies which is part of a major long term expansion of our business."
A
The shell has been bought and name changed to turbine aviation. That is 100% undisputable fact.
It is a lotto play as the merger could be denied due to the failings of the prior owners of the shell and we have no way of knowing what the share structure will be.
There are a ton of good things here which makes it a great lotto play. Either to the moon or the grave. I bought my tickets for the show and am willing to take them to the grave.
If everyone understands the nature of the play the less they will be swayed by price movements or negative posts.
PPS does not matter at this point. This is
all about whether the merged goes through and is approve.
I dont think anyone can argue that if the merger is approved that this will not at least be a 5x but most likely much much more or a shred of the dd here is factual.
So we are all gambling on a 50/50 lotto play. Either we hit a home run or strike out. Many of players have made a nice career out of doing just that.
Good luck to all this has been and continues to be one of the best boards on ihub thanks to all the true DD gathering and sharing.
If you think it will eventually go higher from here why wouldn't you buy
If you think the stock is valued properly why are you here. I tend to spend my time on boards that I invest in and dont go around telling people why their investment is a bad one.
What is a proper market cap? Is Microsoft really worth 20b or whatever their mkt cap currently is, how about mcig vape vpco
And vapor group is unique they male ejuice in the USA using kosher and organic ingredients that comply with all proposed regulations. There may be lots of competition but that's because its an industry in its infancy that is growing exponentially. There were many more beer and soft drink companies before they consolidated or how about software companies tons until the bigger more established boys bought then all out. Its how a lot of big board companies became what they are. But of course you would have been the same idiot bashing monster energy when it was under .10 because there is so much competition in the beverage market. I believe they now trade about $80
I actually think that article is positive it is saying big tobacco is loosing out to true vaporizers like the 1-2-3 which are sold through different channels like vape shops.
Sounds like a good reason to open store fronts to sell your vaporizers and ejuice to the market directly and wait for big tobaccos knock. This article was refering more the blu type ecig which I thought was only a temporary transition to true vaping. Of course big tobacco is one step behind leaving the opportunity for companies like vpor to build a brand. People still thing ecigs are njoy and blu and are not as aware of the various types that can be refilled with juice of your choosing. This is still in its infancy with a large untapped market that merely needs to be educated about the product which is why stores if even break even are worth it for that alone.
Pretty much confirms everything that has been said and Pr'd thus far. And coming from you, I trust that you are indeed telling the truth.
So we know for a fact that the shell was sold to Turbine Aviation and that a merger has been commenced. An audit of this magnitude could take a while and FINRA will require extensive documentation for a aviation company taking over a dark non-reporting shell
Why does bid support from non retail MM's keep coming in in the low '003's? Not enough volume to flip in the .004's Even with all this so called selling, no matter what chart you look at accumulation is very high
Yup, price falls enough and all the sudden NITE puts up a bid for over a Mil, thinking they want some shares in low .003's
About 1.5M traded at .0007 today out of the 53.5M in volume. Accumulation is through the room with .008s being chewed through. Not sure where it ends but this will at least pop again over .001 with the trading the way its been. No signs of dilution and massive amount of shares being accumulated.
Nothing to do with shorts there is just no volume.
So is the rest of the OTC today. Vacations
We are just referring to L2, look at the ask if they feel like bringing it down all they have to do is sell into the bid as there is over 3M on the ask with little to no bid support