Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Anybody planning on investing in Kyle Tracy’s new venture Vape Holdings? Kyle Tracy is the interim President of Growlife Inc. Vape holdings took over a shell company (ticker symbol PLPE). PLPE has almost doubled this week and at a valuation of about $1 million has plenty of room to run. Vape Holdings is going to be entering the vaporizor market. For a comparison, MCIG is trading at a valuation of 37 million and they barely have a prototype on the market.
officerk... how about working your due diligence magic on Sterling Scott's latest venture... Vape Holdings.
They are being traded as PLPE. The stock doubled today on 10x average volume.
Sterling Scott as well as his wife Diane Scott are listed as primary shareholders of Vape Holdings. Vape holdings recently acquired PLPE through a reverse merger.
The filings state that the company will be selling vaporizers.
On August 9, 2013, PeopleString, the Company's wholly-owned subsidiary, RewardString Corporation, and Vape entered into a Merger and Reorganization Agreement (the "Agreement") whereby Vape will be merged with RewardString, with Vape being the surviving entity (the "Merger"). In consideration for the merger, the shareholders of Vape will receive a total of 187,381,500 shares of common stock of the Company on a pro rata basis in exchange for 100% of the outstanding common stock of Vape.
Anybody concerned that this may be taking Sterling's attention away from Growlife?
Anybody think that this might be a good investment? This would definitely be getting in on the ground floor. Wonder what is going to happen when they put out their first press release. I see the stock price taking off.
It looks like things are in the very preliminary stages. I came across it while digging through financials.
My guess that things are well in the works and they are in a hurry to make things happen quick which is why they did the reverse merger to get the corporation with publicly traded stock... which is PLPE
The next step is probably a ticker change to VAPE which is conveniently still available.
There is obviously a close association with Growlife (PHOT) here.
Sterling Scott is the CEO of Growlife
Growlife is up 300% this year and has a market cap of appx. 60 million.
Growlife is the number one marijuana stock and will give this instant credibility.
Look who signed off on the...
REORGANZATION AND MERGER AGREEMENT
VAPE HOLDINGS, INC. Shareholders
By: /s/ Brian Hill By: /s/ Sterling Scott
Name: Echelon Growth Partners, LLC Name: GrowLife, Inc.
Title: Partner Title:
Brian Hill
By: /s/ Sterling Scott By: /s/ Diane Scott
Name: Sterling Scott Name: Scott Family Trust
Title: Trustee
Read more: http://www.faqs.org/sec-filings/130815/PEOPLESTRING-CORP_8-K/f8k080913ex2i_peoplestring.htm#ixzz2l2kgmpmk
VAPE HOLDINGS, INC. Shareholders
By: /s/ Brian Hill By: /s/ Sterling Scott
Name: Echelon Growth Partners, LLC Name: GrowLife, Inc.
Title: Partner Title:
Brian Hill
By: /s/ Sterling Scott By: /s/ Diane Scott
Name: Sterling Scott Name: Scott Family Trust
Title: Trustee
By: /s/ Christiane Stearns By: /s/ Brian Bargabus
Name: EM2 Strategies, LLC Name: Brian Bargabus
Title:
By: /s/ Lidiana Wijayanti By: /s/ Reinhard Hiestand
Name: Lidiana Wijayanti Name: EMAC Bandels AG
Title: Admin Officer
By: /s/ Donna Hill By: /s/ Julie Burdick
Name: Donna Hill Name: Julie Burdi
Read more: http://www.faqs.org/sec-filings/130815/PEOPLESTRING-CORP_8-K/f8k080913ex2i_peoplestring.htm#ixzz2l2ioyRcj
Integrity Media is on board as well.
Vape Holdings = Sterling Scott = PLPE
It is in the filings.
PLPE was involved in a reverse merger. With Vape Holdings.
Look who is behind Vape Holdings...
http://www.faqs.org/sec-filings/130815/PEOPLESTRING-CORP_8-K/f8k080913ex2i_peoplestring.htm
Sterling and Growlife!
You can disregard any peoplestring numbers. After the merger that all goes away. It looks like Vape basically used it as a shell to quickly start a company and get a ticker symbol on the market.
The vape market is booming. This article is from the NY Post on Nov. 14th.
http://nypost.com/2013/11/14/pot-vaporizers-let-professionals-get-stoned/
plpe up 80 percent today.
Market cap at less than 1 million.
Vape Holdings...
more recent filings on yahoo quotes page.
http://finance.yahoo.com/q?s=plpe&ql=1
Interesting find that I just dug up.
It looks like Growlife and Sterling Scott have started a new company called Vape Holdings!
http://www.faqs.org/sec-filings/130815/PEOPLESTRING-CORP_8-K/f8k080913ex2i_peoplestring.htm
Vape Holdings has just completed a reverse merger with a company called peoplestring and is now trading as PLPE!
It looks like the vape market is next. Possible spin-off?
Phot has been able to show increasing revenue but at what cost to the shareholders? I pulled the revenue and outstanding shares from the past four quarters. I then broke it down to revenue per share (revenue divided by shares) to get a ratio that could be compared across all four quarters.
For the three months ended September 30 2013, our revenue was $1,313,399
As of November 14, 2013 there were 711,855,833 shares outstanding
Rps = .0018
For the three months ended June 30 2013, our revenue was $872,557
As of August 13, 2013 there were 620,034,915 shares outstanding
Rps = .0014
For the three months ended March 31 2013 our revenue was $760,709
As of May 14, 2013 there were 531,062,596 shares
Rps = .0014
For the three months ended December 31, 2012 revenue was $674,620
As of April 1, 2013 there were 496,322,787 shares
Rps = .0013
What can you take away from this? I am not really sure but it appears that despite increasing the share count by almost 100 million in the last three months the revenue has increased enough to raise the revenue per share number has as well.
For more competition check out Santa Rosa California where they just opened up their most recent store. When I google grow store and Santa Rosa or Santa Rosa hydroponics there are numerous stores in the area.
Even worse is I can't even find the website for the Santa Rosa store.
I think one of the problems with their stores is they are facing substantial competition in the markets they are in.
People thought the price was going to spike with the vote in Portland because they have a store there. If you google grow store + portland maine you find out that there are a good number of stores in the area. There is one company that actually has three stores in the area...
Urban Garden Center
Three Location's
Portland, Topsham and Brewer
All Store's open
7 Day's a week
10:00am - 6:00pm
Some good posts on here tonight.
I would like to see Sterling provide a breakdown of revenues. This page on their website lists what I would assume are all the revenue producing segments of the company.
http://growlifeinc.com/companies/
Growlife Hydroponics - retail stores
Greners.com
Phototron
Cannabis.org
Stealth Grow
Sgsensors.com
Growlife productions.
What did each segment contribute to the overall revenue number?
I am looking through the old quarterlies and trying to back out the numbers to figure what to attribute the revenue miss too.
I am assuming that it is probably due to the retail stores because Sterling would be familiar with the phototron and stealth grow numbers from previous quarters and this was the first time adding in full retail.
Challenge to the board....
Growlife is scheduled to appear on icannabisradio.com at 5 pm on Monday. Alan Brochstein will be conducting the interview and has stated that Growlife has told him they want him to challenge them with his questions.
This provides the perfect opportunity for everybody on the board to come up with some solid questions to find out exactly what is going on. We all know that Alan monitors this board and it would be great if he could get some answers for us.
Perhaps one of the moderators could maintain a list of the questions and stick them to the top of the forum.
There is no true "discussion" here. The majority of the people are here to try to convince more people to buy phot so the value of their own holdings go up. Similar to a ponzi scheme.
I have been questioning phot's market cap for the past week here... including relevant analysis and links to financials etc. Any attempt of having a balanced discussion was met by cries of basher and an attempt to run me out of here.
Not to mention... if you don't toe the party line they just delete your post.
It is funny... or perhaps more sad... certain posters cut and pasted the same articles and posted them repeatedly day in and day out and it is called research.
If two of my posts even remotely resemble each other they are labeled repetitive and deleted.
One more thing....it looks like mjna is starting to break down here. I see it accelerating on its way below .13. With more mj company financials due to come out this might not be a good weekend to be long the sector.
This post is the perfect example of the uneducated "investors" here on this board.
Trust me on this one. Hedge funds are not "looking to borrow your shares".
Hedge funds are nowhere near here and they would never be involved in a stock that is not marginable.
The simple reason why the stock sold off so hard this morning was because people panicked and all put in market sell orders at the same time.
Good question... I posted it this morning but it was deleted for some reason.
The number of shares outstanding is listed on the first page of the 10Q:
As of November 14, 2013 there were 711,855,833 shares of the issuer’s common stock, $0.0001 par value per share, outstanding.
By the way, this number doesn't include all of the dilutive financing that is still out there (converts, warrants, options etc.)
Compare the above number to the last 10Q
As of August 13, 2013 there were 620,034,915 shares of the issuer’s common stock, $0.0001 par value per share, outstanding.
That is almost 100 million shares in the last 3 months! or about one million shares a day!
Folks... it is called the "smart money" for a reason.
What a great day to be a trader! Picked up a million shares in the .06s and just finished unloading in the .08s.
This ride isn't over. Still priced too high here. Looking to do another round trip today.
How many shares did you sell at .09?
I only saw about 300k total go by.
I was planning on buying back in at .075 but this is getting really ugly now.
Looks like I might get .065
So High Times magazine puts the SG sensor on the cover of the November 2012 magazine.
http://www.sgsensors.com/index.php/support/press/high-times-november-2012/
And what happens? Growlife goes nowhere with it and today we find out they eliminated the entire product line. How does a company that owns 7 retail shops and three websites not be able to sell these things!
When you are diluting at the rate of 100 million shares a quarter there is very little room for error. A couple more swing and misses like this and it is game over.
You are calling me biased?
You posted:
One of the best things about the 10-Q, is that it shows Dilution
has been reduced to almost nothing.
The only thing I replied with were the facts that dilution did indeed increase almost 100 million shares in just 3 months.
The actual numbers were were 620,034,915 shares to 711,855,833 shares from August to November!
Which 10Q are you reading?
The most recent 10Q has the following right on page 1:
As of November 14, 2013 there were 711,855,833 shares of the issuer’s common stock, $0.0001 par value per share, outstanding.
By the way, this number doesn't include all of the dilutive financing that are still out there (converts, warrants, options etc.)
Compare the above number to the last 10Q
As of August 13, 2013 there were 620,034,915 shares of the issuer’s common stock, $0.0001 par value per share, outstanding.
That is almost 100 million shares in the last 3 months! or about one million shares a day!
Smart move by Sterling to get out a quick fluff pr to get attention away from the bad revenue miss in the quarterly.
Just 4 months ago Sterling was guiding us to $1.8 million in Q3 revenue.
http://finance.yahoo.com/news/growlife-updates-guidance-projects-revenues-100000111.html
And what does he deliver? $1.3 million!
That is a miss of almost 30%.
He has to take a serious credibility hit here. Future projections are questionable at best.
If a real company were to do that class action lawsuits would flying.
It is your third post ever and you still haven't read the 10Q and you are going to call me out.
What do you think of Alan's 420 investor call comments on phot?
Alan talking about growlife right now on his call....
Are you serious? You really can't scrape together $22 to find out yourself what Alan Brochstein has to say.
You must really have a a lot money invested in phot.
By the way.... Alan is doing a live call right now. Talking about mjna right now.
I am impressed with him. He tells it like it is.
That is a great strategy to use when investing in the market. Rely on the uneducated sheeple to buy into the stock you invested your hard earned money into, in order to make a profit.
I think buffet wrote a book on that.
Just 4 months ago Sterling was guiding us to $1.8 million in Q3 revenue.
http://finance.yahoo.com/news/growlife-updates-guidance-projects-revenues-100000111.html
And what does he deliver? $1.3 million!
That is a miss of almost 30%.
He has to take a serious credibility hit here. Future projections are questionable at best.
Not to mention their net lost increased from $1.6 million last quarter to $1.8 million this quarter!
Also, with current liabilities $1.5 million and assets at 1.2 million be prepared for some serious dilution! That is with a current market cap at $60 million dollars!
Unless you yell and scream that phot is going to a dollar they don't care what you have to say.
Their only goal is to convince as many people as possible to buy the stock so the value of their stock goes up!
They are not here to have any kind of educated discussion.
Notice how not one person has mentioned how much money phot lost this quarter.
So High Times magazine puts the SG sensor on the cover of the November 2012 magazine.
http://www.sgsensors.com/index.php/support/press/high-times-november-2012/
And what happens? Growlife goes nowhere with it and today we find out they eliminated the entire product line. How does a company that owns 7 retail shops and three websites not be able to sell these things!
Comparing 3rd quarter 2013 anything to 3rd quarter 2012 is like comparing apples and oranges. They are almost two different companies.
Have to throw this out there... I called this the other day and then proceeded to get bashed by the cheerleaders on this board who only want positive things to be posted.
Alan Brochstein just provided a little more color on what price he is looking to sell phot short term as well as reaffirmed his one year price target.
The name of the service is 420 investor and it costs $22 a month. I believe that if you cancel within one month they will give you your money back.
Disclosure: I am in no way affiliated with 420 Investor. I have been a member for about two weeks now and I am happy with it so far. I am already up over 10% with his gwph call from yesterday.
Many people here are way too emotionally attached to this stock.
Alan provides a clear, impartial point of view that any prudent investor here should at least consider in making any decisions.
I highly recommend that everyone here checks it out. You have nothing to lose.
strategydoc says...
"I just happen to be studying methods of valuation for mergers and acquisitions at a top 5 MBA program in the world."
That is probably the funniest thing I have read on these message boards. I know more than a couple ivy league mba's and they have much more important things going on then hanging out on penny stock message boards.
Fundamentally Solid?
Don't let the facts get in the way of a good story stock. The truth is that the balance sheet is awful.
http://www.sec.gov/Archives/edgar/data/1161582/000107997413000485/growlife10q6302013.htm
You say that trading at less than .15 is a joke. What is Alan Brochstein's one year price target?