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All, stocks do not go straight up. They go up then down then up then down......
The key is to have higher highs and higher lows which we have been achieving on a weekly basis. It has consolidated and recovered nicely after last weeks attack. We will see it trade in a tight range for a couple more days.
Plenty of catalysts to come...
It doesn't matter whether you are or not, by stating you know its coming out you are giving the idea that you are complicit with the author and clearly have an agenda.
boarder line grounds for stock manipulation allegations per the SEC guidelines
Correct, the point being SPLI has been on fire the past month.
Month of March up 383% and only down 39% from the closing high of .42 . I'll take up 300% down 40% every month
And March 5th it was .05 what's the point
Do you not believe the PR stating audited 2013 Revenues of $2M? Everything else that the company has stated has happened. They just released audited adjusted filings for 2012 and most likely will release adjusted 2013 quarterly filings in the coming weeks.
With that they are obviously being audited by a PCAOB auditor and have no reason to lie in a PR about revenues that will be officially released via 8k in a couple weeks.
What is blurry about this company? Mcig had a non-gaap gross profit margin of 33%, assuming Vapor Group can even due half that they would have 2013 non-gaap income of $326k almost 18x that of mcig yet trades at more than 50% of the PPS of mcig.
This is not a knock on mcig, just trying to show the disparity that currently exists with SPLI PPS compared to its peers. All will questions and concerns will be put to rest in the coming weeks. there is no reason to leave now before the party even starts
-Name/Ticker change
-8k showing 2 years audited financials + full disclosure
-NATO show April
-New product launch
-Acquisition 51% of online distributor
-Potential mutual fund interest
Too many catalysts to come, the rise thus far has only been attributed to the few that have gone the extra mile in investigating who the Vapor Group is prior the the investment community at large took notice. Thanks to all been here since under .01 and have no intentions of leaving anytime soon.
2012 Amended SPLI Filings Posted to SEC paves way for 2013 amended filings and then reverse merger 8k as Dror has clearly stated in the PR's. These filings have been audited by PCAOB auditor that Vapor Group put in place.
Monest you claim the merger is not finalized. If that is the case then how is Dror signing off on the companies amended quarterly and annual reports filed with the SEC
http://www.sec.gov/Archives/edgar/data/1315718/000147793214001324/spli_10ka.htm
Wolf Video of Vapor Group office $$$$$
Valuations of Vapor Companies
If you believe SPLI is overvalued are you also on the other Vapor company boards letting people know how overvalued they are. Because looking at the below information would lead you to believe that SPLI is way undervalued compared to its peers
PPS O/S Rev Income
mcig OTCQB 0.71 270M $85K $30k (1)
VAPR Pink 0.21 70M $4K $-1.9M (2)
SPLI OTCQB 0.285 270M $2M $296k (3)
VAPE OTCQB 16.5 6.6M $0 $-392k (4)
1 - Non-GAAP Income YTD Q3
2 - Q3 YTD (9/30/13)
3 - 2013 Revenue and income with 15% profit margin
4 - 2013 YTD profit
All information was obtained from filings with the SEC or OTCmarkets.com. I assumed a rate of 15% for SPLI which is very conservative as based on Mcig their non-gaap profit margin is 33%. So looking at the facts how can anyone say that SPLI is overvalued compared to the competition
Fair enough, so all the 8k's with SEC are lies, they are reporting misleading info on OTCmarkets, all the retail locations selling products are lies, the Vapor123 ecig i have is fake, all the posters on here who have provided pictures of the facility are lies, the pictures by Yaniv in China at their manufacturer is a lie, the article from a university in China discussing the Vapor Groups presence in the country is a lie.
So all of these info from a variety of sources are all lies because you say so yet provide no proof to the contrary.
Per the merger agreement the split was not necessary. It is pointed out to notify everyone that the 750M shares issues as part of the merger would be post split shares.
No where in the agreement does it say that the merger is contingent on the reverse split. Just that the shares issues would not be subject to the 30-1 split.
Please explain for all of us "getting scammed" if the merger isn't complete then why does the OTCMarket info reflect that the Vapor Group is now in control.
So is OTCmarkets.com providing misleading info then? Should i contact them to update the officers and directors as well as the Name and contact info? All of which reference Vapor Group
Nowhere does it say Merger is Contingent on Reverse Split
MIAMI, FL--(Marketwired - Jan 22, 2014) - AvWorks Aviation Corp. (OTCQB: SPLI), (the "Company", or "AvWorks"), announced today that it has entered into an Agreement of Merger and Plan of Reorganization ("Merger Agreement") with the Vapor Group, Inc., a Florida corporation ("Vapor Group") under which the Company will issue 750,000,000 shares of its common stock for 100% of the issued and outstanding shares of Vapor Group from the Vapor Group Shareholders. Vapor Group, founded in mid-2012, is one of the leading companies in the E-Cigarette Industry and has a reputation for its product innovations. Vapor Group had 2013 revenues in excess of seven figures. The Merger will become effective as soon as practical.
Under the terms of the Merger Agreement, AvWorks Aviation Corp. will immediately change its name and address to that of the Vapor Group, Inc., and the existing Board of Directors of the Vapor Group, Inc. will replace the sole officer and director of the Company who will resign at closing.
Per OTC.com
Company Officers/Contacts
Dror Svorai President, CEO
Yaniv Nahon Vice President, COO
Jorge Schcolnik Vice President, CFO
Contact Info
3901 SW 47th Avenue
Suite 415
Davie, FL 33314
Website: http://www.vaporgroup.com
Phone: (954) 792-8450
Email: info@vaporgroup.com
Business Description
Vapor Group, Inc. (formerly named AvWorks Aviation Corp.) designs, develops, manufactures and markets high quality, e-cigarette brands which use state-of-the-art electronic technology and specially formulated, ?Made in the USA? e-liquids, which may or may not contain nicotine. It offers a range of products with unique e-liquid flavors that is unmatched in our industry. Its products are marketed under the Vapor Group, Total Vapor, Vapor 123, and Vapor Products brands. It sells nationwide through...
Are you saying that all of the 8k's are fraudulent and that the info on OTCmarkets is incorrect? B/C if the merger was not complete wouldn't the info still reflect Avworks Officers and office location?
News takes time to hit. In a coordinated short attack with the SA piece they can drive the price down quickly by timeing the sells into the bid at the time the article is released creating a panic and triggering stop losses.
Once this news is digested we are back on the march to $1
"Vapor Group was profitable in its first year of operations"
For calendar year, 2013, the Vapor Group's first full year of operation, it had gross revenues (audited) in excess of $1,975,000, which were achieved by steady increases in sales month-over-month throughout the year.Although final audited net profit figures are not yet available, Vapor Group was profitable in its first year of operations.Final audited financial statements for 2013 will be released in the coming weeks.
http://www.otcmarkets.com/news/otc-market-headline?id=15983448
They are just referred to as Super 8k's no need to get angry. If you would like here is the guidance from the SEC about 8k's related to reverse mergers aka Super 8k
http://www.sec.gov/divisions/corpfin/guidance/cfguidance-topic1.htm
"super" 8-k is for Reverse Mergers. Super is just phrase used for these types of filings
Per lexixnexis article
http://www.lexisnexis.com/legalnewsroom/corporate/b/blog/archive/2011/09/19/sec-provides-guidance-on-super-forms-8-k.aspx
Earlier this week, the SEC's Division of Corporation Finance issued some guidance with the staff's observations in its reviews of "super" Forms 8-K filed following reverse mergers. The filing must include all the information that would be in an SEC Form 10 registration for the combined company, essentially the equivalent of a public offering prospectus with some differences. If you haven't noticed, in recent months the SEC has taken to reviewing pretty much all of these, even though that is not required. Here are the highlights of the advice:
2013 Revenues mean nothing. 7 figure revenues merely give indication of the scope of the Vapor Group
forward guidance is what really matters and what will drive the price. Feel free to live in the past, I'd much rather concern myself with the future revenue that the company can generate. I mean valuation is not based on past cash flows
Valuation is based on discounted future cash flows
So you agree the 7 figure revenue will be reflected in the 10k as a subsequent event disclosure and will be presented as part of the 10Q
Let's state the obvious, the 10k for year ended 12/31 will not include any revenue of the Vapor Group. I thought this was common knowledge as the merger did not happen until after year end. the merger is complete and final as we are awaiting a ticker and name change from FINRA
As the merger was not effective until 2014 we will not see Vapor Group's revenues until the 10Q is filed within 45 days after quarter close as required by the SEC. Due to the fact that SPLI is fully reporting they will file by the deadline.
this doesn't prevent the company from releasing a PR prior to the 10Q filing notifying investors of earnings and forecasts for 2014. As stated by the Vapor Group they are current auditing prior financials to ensure that they are in agreement with the results.
Selling ecigs and ejuice in USA, South America and Europe. There are many online stores and retail shops carrying their products in Florida, Ohio, Washington, Pennsylvania as well as many others.
A quick google seach will supply multiple places where there products are for sale. In fact a fellow ihubber actual took pictures of a retail store that stocked vapor group products.
O/S per OTCMarkets is 2.5B Market Cap for today's close will not be updated until tomorrow
Also have distributor in North East
I emailed Vapor Group to see if they had a presence in my area (NJ) and received the following response
"Yes we have a small presence in the New Jersey Area with a wholesaler called Infinity Wholesale and in Philadelphia we have a couple retailers with our product line.
Michelle LaBarbera
Director of Marketing
Vapor Group, Inc
3901 SW 47th Ave., Ste. 415
Davie, FL 33314
O: 800.779.3315
C: 954-288-4361
F: 954-916-7584
Skype: mich03102
www.vaporgroup.com
The Vapor Group, a Florida-based e-cigarette company whose products sell in the United States, Europe and South America
Very true doesn't offer enough to draw concrete conclusions, but i think it is a great article regardless, that provides some more clues as to the current scope of this company.
You may be right but if you read the paragraph
"In fact, all the e-cigarettes of The Vapor Group are manufactured in China’s southern metropolis of Shenzhen, and then shipped to all over the world. Mr Nahon expects the net profit of Vapor’s e-cigarettes to reach US$35 million (about $273 million) by the next year."
It sure sounds like its specifically for the Vapor Group. Between this and the pics posted by Mr. Nahon in front of Accipiter who is located in Shenzhen, China (http://www.tobaccor.com/) it would seem that they are trying to corner the Chinese eCig market $$$$
Mr Nahon expects the net profit of Vapor’s e-cigarettes to reach US$35 million (about $273 million) by the next year.
Not sure if anyone saw this article tweeted by wolf. Not sure how legit it is but the website appears to be professional and has an edu web address.
http://tyr.journalism.hkbu.edu.hk/?p=1342
About
The Young Reporter (TYR) is an English news publication run by students of International Journalism in the Journalism Department at Hong Kong Baptist University since 1969. We publish eight times a year and have a circulation of more than 4,000, including tertiary institutions, public libraries, secondary schools, media organisations, legislative councilors, popular cafes and bookstores.
China market shut to international e-cigarette companies
International electronic cigarette companies encounter barriers to entry in China, where their products are made.
Vaping, the smoking of electronic cigarettes, is still uncommon in China, even though the country is the biggest consumer of cigarettes and manufactures 95 per cent of the world’s electronic cigarettes.
E-cigarettes are gaining popularity globally. The world spent US$2 billion (about $16 billion) on e-cigarette products in 2011, according to London-based market researcher Euromonitor International. Bloomberg Industries analysts expect global e-cigarette sales to soar to US$2.3 trillion (about $18 trillion) by 2050.
Nevertheless, they only account for a tiny part of China’s 1.2 trillion yuan (about $1.4 trillion) cigarette business.
Beijing announced last month it would ban smoking in public areas by the end of this year, opening up an opportunity for e-cigarettes to share the world’s biggest tobacco market.
The Vapor Group, a Florida-based e-cigarette company whose products sell in the United States, Europe and South America, has made several attempts to open the door to China market, but been barred by the authorities.
“A large source of revenue for the government comes from taxes on the conventional cigarettes. That is why they do not allow electronic cigarette companies to sell their products in China,” Mr Yaniv Nahon, the company founder, said.
In fact, all the e-cigarettes of The Vapor Group are manufactured in China’s southern metropolis of Shenzhen, and then shipped to all over the world. Mr Nahon expects the net profit of Vapor’s e-cigarettes to reach US$35 million (about $273 million) by the next year.
Mr Nahon is optimistic about the future of e-cigarettes. “Everybody smokes and everybody wishes to quit smoking. And that (vaping) is the easiest way to quit smoking,” he explained.
Vaping is viewed by many as a healthier alternative to smoking, as e-cigarettes do not burn the tobacco, and thus produce less of the major carcinogens present in conventional cigarettes. But some also say there is not enough long-term research to determine exactly how safe and healthy e-cigarettes are.
In view of the surging popularity of e-cigarettes in the U.S., Mr Nahon believes the federal government will soon start to tax on the products. E-cigarettes in some states, including Minnesota, are already subject to tobacco tax.
The U.S. Congress, the U.S. Food and Drug Administration and the European Union have been jointly examining ways to regulate the use of e-cigarettes and ban the advertising of them.
Vaping is viewed by many as a healthier alternative to smoking.
Vaping is viewed by many as a healthier alternative to smoking.
The Chinese authorizes would also make laws to regulate e-cigarettes, predicted Prof Zhao Yun, director of the Centre of Chinese Law at The University of Hong Kong. “Perhaps in the future, a judicial interpretation will be released by the Supreme People’s Court,” he added.
The Mist Shisha Sticks, a Hong Kong-based company who produces sticks for vaporizing flavored tobacco called shisha, has sold around 15,000 to 18,000 electronic shisha sticks internationally. The company launched its manufacturing facilities in mainland China and has just entered into its second year of operation.
Mr Nav Lalji, director of the Mist Shisha Sticks, expressed his concerns over lucrative patent infringement of the company’s Chinese counterparts. “If we are to sell our mist there, I’m sure within the span of two to three months, you will see copies of our products pop up one after another,” he said.
“Plus, I’m not too sure if the Chinese is ready for the product because they are very old-school in terms of tobacco consumption,” Mr Lalji told The Young Reporter.
Edited by Lavinia Mo
Don't think thats the same company pretty sure this is it
http://www.tobaccor.com/
NATO Show in April
Looking at NATO show website this morning. I think this is huge and could lead to a lot more exposure and potential deals now that the company is public. Not sure if they attended last year but they have 2 booths totaling 300sqft of space.
The sponsors of the event are all of the heavy hitters in the industry
Altria
Bic
Lorillard
Zippo
RJ Reynolds
and many others
Also looking at the exhibitor list i do not see
Vape Holdings (VAPE)
mcig (MCIG)
Victory (ECIG)
Only public traded competitor I see is Vape Corp (VPCO)
I could be missing some but you can find the list here
insert-text-here
Daily/Weekly Stock performance since 2/14
Thought i would do my part with all of the great folks here that have helped us all realize the Gem we have found. My apologies if there is an easier way of getting excel data into these posts but the raw data is below.
Highlights:
average daily gain (2/14-3/14) $12.5%
average weekly gain (2/14-3/14) 66%
Monthly Gain (2/14-3/14) 600%
Retrace from 52week high ($.25) -19%
So after averaging 12% a day and 66% a week for the last month, we have only retraced 19% from the high of $.25. Can't see how the stock could be any stronger. IMO it would be nice to churn and consolidate some more and regroup before ticker change, financials and NATO event.
Date Open High Low Close Volume Daily % Weekly % Month % Retrace From high
3/14/2014 0.17 0.23 0.17 0.21 10,785,100.00 10.53% 62% 600% -19%
3/13/2014 0.2 0.21 0.18 0.19 9,964,600.00 -5.00%
3/12/2014 0.24 0.25 0.19 0.2 12,415,000.00 0.00%
3/11/2014 0.2 0.25 0.13 0.2 24,668,500.00 5.26%
3/10/2014 0.14 0.2 0.14 0.19 17,599,100.00 46.15%
3/7/2014 0.12 0.14 0.11 0.13 17,074,200.00 44.44% 86%
3/6/2014 0.08 0.1 0.08 0.09 15,243,700.00 12.50%
3/5/2014 0.07 0.09 0.07 0.08 15,589,900.00 33.33%
3/4/2014 0.06 0.07 0.05 0.06 10,324,000.00 0.00%
3/3/2014 0.07 0.07 0.05 0.06 24,448,300.00 -14.29%
2/28/2014 0.06 0.08 0.06 0.07 30,566,700.00 40.00% 17%
2/27/2014 0.06 0.06 0.05 0.05 10,070,600.00 0.00%
2/26/2014 0.05 0.06 0.05 0.05 11,886,000.00 0.00%
2/25/2014 0.05 0.06 0.04 0.05 16,913,400.00 0.00%
2/24/2014 0.06 0 0.05 0.05 8,651,700.00 -16.67%
2/21/2014 0.07 0.07 0.05 0.06 26,299,300.00 -14.29% 100%
2/20/2014 0.08 0.09 0.06 0.07 16,608,800.00 0.00%
2/19/2014 0.05 0.08 0.05 0.07 17,763,000.00 75.00%
2/18/2014 0.03 0.05 0.03 0.04 18,017,900.00 33.33%
2/17/2014 0.03 0.03 0.03 0.03 - 0.00%
2/14/2014 0.02 0.03 0.01 0.03 13,620,800.00
Average 12.52% 65.98%
Let it drop, I'm ready to buy more as it will come roaring back next week
Not sure,they don't need to file 10k until 3/31 but that will not be relevant and have 45 days after quarter end to file 10Q (5/15) though that does not prevent them from a PR before hand offering estimates for the current quarter/year
My guess is they are still going through audits or prior information and will want to wait till ticker change before releasing financials. If i had to guess, mid April to coincide with the trade show
Hard to say how PPS will react. Most on here were in favor of split in order to raise the price to get more institutional investors and eventually uplist.
IMO it is a good thing as they understand that a 30:1 split at this point is excessive as when it was first announced the price was around .007 (30x.007=.21) we've already surpassed that price this past week. At this point I think they want to wait for the ticker/name change, April trade show, release financials, June WA recreational starting before going through with the split. Per the PR today
"That said, the Board may take up the matter again later this year for a smaller reverse split solely to set the stage for its movement to a larger exchange, but for now, there will be no reverse split."
To me this means they understand and are confident that the PPS will rise due to all of these events and that a split might not be necessary to reach the PPS requirements for a higher exchange. Or maybe at that point it will only need to be 5:1, 2:1 all depends on us a shareholders are where we take the price
passed a resolution cancelling the previously announced 30:1
AVIE, FL, Mar 14, 2014 (Marketwired via COMTEX) -- Vapor Group, Inc., formerly AvWorks Aviation Corp. (OTCQB: SPLI), (the "Company," "AvWorks," or "Vapor Group"), announced today that its Board of Directors had passed a resolution cancelling the previously announced 30:1 reverse split of its common stock, as per the 14C Information Statement filed with the Securities and Exchange Commission on February 11, 2014, and accordingly will notify all appropriate regulatory authorities that the reverse is withdrawn.
Dror Svorai, President and CEO, said, "We have become increasingly aware that putting into effect the 30:1 reverse split of our common stock has had a mixed reaction from our shareholders. Therefore, the Board of Directors decided that, for the benefit of our shareholders, we should cancel the reverse split and let the stock rise on its own merit while we continue to focus on growing the value of our stock by the growth of our business." He added, "That said, the Board may take up the matter again later this year for a smaller reverse split solely to set the stage for its movement to a larger exchange, but for now, there will be no reverse split."
About the Vapor Group Vapor Group, Inc., www.vaporgroup.com, is in the business of designing, developing, manufacturing and marketing high quality, e-cigarette brands, and vaporizers, which use state-of-the-art electronic technology and specially formulated, "Made in the USA" e-liquids, which may or may not contain nicotine. Vapor Group offers a range of products with unique e-liquid flavors that is unmatched in our industry. Its products are marketed under the Vapor Group, Total Vapor, Vapor 123, and Vapor Products brands. It sells nationwide through distributors, wholesalers and directly to consumers through its own websites and direct response advertising.
All of its E-cigarettes consist of a long-life battery, a heating element, a cartridge filled with an "e-liquid" and an atomizer which when heated, vaporizes the e-liquid. Because E-cigarettes are not "lit" like regular cigarettes, they don't create flame, smoke from burning, ash, tar, noxious fumes or leftover "cigarette butts." As a result, they may be used virtually anywhere.
Vapor Group is committed to providing E-cigarettes that are convenient and economical to use, safer and healthier than traditional smoking, and which provide a flavorful, enjoyable smoking experience.
Vapor Group, Inc. is managed by a highly experienced team of executives committed to responsible business policies and practices, including the marketing of our products only to those eighteen years of age or older, not making or avoiding claims about our product health benefits, and fulfilling the requirements of all applicable laws and regulations.
Safe Harbor Statement: This release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Certain statements set forth in this press release constitute "forward-looking statements." Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words "estimate", "project", "intend", "forecast", "anticipate", "plan", "planning", "expect", "believe", "will likely", "should", "could", "would", "may" or words or expressions of similar meaning. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company's actual results and financial position to differ materially from those included within the forward-looking statements. Forward-looking statements involve risks and uncertainties, including those relating to the Company's ability to grow its business. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the Company's limited operating history, the limited financial resources, domestic or global economic conditions -- activities of competitors and the presence of new or additional competition and conditions of equity markets.
CONTACT:
Vapor Group, Inc.
954-792-8450
It didn't seem to hurt VAP$. Trading currently 2x what it did presplit. Only reason it crashed was due to shadiness surrounding HIVE deal. Once that was cleared up it took off.
And we actually have revenues already unlike other companies trading much higher
Pictures of products in retail stores, pictures of office packing/shipping product, Facebook pics from the company of Chinese manufacturing facility, online retailers selling products, deal with ERBB, Presence at trade shows (NATO show this April), filing 8-k's with the SEC and all of the other DD done and shared on this board.
How is the company a scam and a fake?
I don't believe they changed the timing. On 2/26 They stated that they filed the paperwork and that the split would not occur until at least the end of the quarter. Much like the ticker change a lot of this is out of their hands and they must wait until all of the paperwork is reviewed and approved by FINRA and SEC.
As far as poster who spoke with Dror, I can understand them saying something in passing about why they chose 30-1 and how that may change depending on what happens between now and the end of the month. Obviously if the share price is $2/share by the end of the month (not saying it will be)it might make sense to reconsider the ratio of the split.
Vapor Group has not released any financial info. Info that you see relates to the old Avworks Aviation company that files all quarterly reports with the SEC.
They are referring to 90 day SEC restriction for buying security with unsettled funds. Nothing specifically with SPLI
Monkey13, to the point how does the float lock effect your volume predictions for FIBS