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It means they now have hundreds of billions of more shares to sell. The stock needs liquidity for that, which suggests another pump is in the works.
Honestly, the fact that GNCC raised their OS share count, at this point, is good news. It suggests the company is not entirely dead, and maybe, perhaps one last pump is in the works so they can dispose of billions more shares.
I’m not sure the trade actually executed at 0.0001. It posts that price because it’s unlisted due to expert market. Regardless even if it’s ten times higher it’s $500, but hopefully increases with time and market momentum.
The fact that there’s volume is a good sign. Seems to have somewhat picked up the past few weeks. Hoping the stock bull market will trickle into the OTC and we get one last pump next year.
They were pink current
Mark me down as interested in joining the class action. We might need to get some headway on this front.
Has anyone heard from Ron or Ted anytime recently? I’ve sent these two multiple emails and zero response.
This is not true: https://blog.otcmarkets.com/2021/03/25/understanding-the-expert-market/
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100% this post. OTC Scams run, usually every few years or so. We're going on 1 year since the last run in January which says 2023 may be the year for next pump and dump. I'm loaded and ready for it. Patience.
You’re spot on. These OTC pigs do move at the right time. Likely sometime in 2023 this ticket will pop. Just make sure to dump on the ride up.
Thank you, just sent him an email. Let's see if we get a response.
Can someone get a class action lawsuit going against GNCC Capital for breach of shareholder fiduciary duty? To recoup our lost investment, this is what will need to be done. Let's get the ball rolling on this.
What is Ron's email address? I want to contact him regarding the USAL default he filed tonight.
Um, no Ben. Revenue has fallen by over 90% this year compared to last. They used to pull $1-2 million a quarter and are now pulling only $100-$200k a quarter. Costs are rising and margins are falling.
They've increased AS to 8 billion and are now reverse merging into a cork idea, that is a prototype with no product.
You either haven't done your DD or are looking at old filings. But either case, I hope you don't lose all your money here..
Don't lose all your money bro.
Yes, HUGE accumulation has been occurring for the past 3 months. The stock is technically ready to explode upwards.
Question is, what will be the catalyst? Q2 financials? Other PR?
I'm buying along with the MMs in anticipation of some good news soon. The MMs always seem to know what's really happening with a stock.
I believe they wont release the updated 2014 10K or the Q1 from 2015. That's the only explanation for the lack of communication since the end of June "deadline".
Dror, likely came to the conclusion that the time, effort and money needed to re-audit and compile the 2014 10K and Q1 10Q was not worth it. I'm curious if the company starts on-time filing going forward, will the SEC (or OTC BB in this case) uplist them to fillings up-to-date (i.e. put them back on the OTC QB)?
Dror, did say in an earlier PR that he was required to update the 2014 10K before filling the 1Q 10Q. If anyone is familiar with SEC rules, I'd like to know if this statement is accurate?
However, I personally think we will see Q2 financials next week. Clearly the company is actively selling and much of the managements pay check is correlated to the stock value. When they start converting they definitley will want the stock price higher.
To me this is the only reason why the company would go silent. There is no 'PR' they could release explaining this without enduring a huge shareholder shit storm.
If Q2 comes and goes and still silence from the company... Then we might be up shits creek without a paddle.
Um ya, strong accumulation. Would you like to plot a 3- or 6-month chart and put up the acc/dist line. Tell me which direction it's going?
Lets prop bet, kid. As I said, this moves higher in the near to mid term meaning within the next 1 to 2 months. It will close above $0.003. You want to take the under? Or do you just want to lol at other posters like the punk you are?
Technicals are finally improving. Strong accumulation, Chaikin oscillator bouncing off of zero line in positive range with positive ADX convergence.
This bodes well for a short to medium term move higher. After fins hit, how the stock reacts will be the longer term indicator of trend. Thankfully, it finally looks like it's ripening for a bounce up.
However, we haven't had any dilution for a while now. Does that mean it's over or are they just waiting for a higher price? Probably, they're waiting for a price above par, but dilution as a whole should be getting near an end.
AS is absolutely not more important than OS.
AS actually doesn't matter too much... Companies can raise and lower the AS at their free will (assuming they have the votes) as we've seen with VPOR.
And no, your statement that companies always max out their AS is lol, even in pinkyland. Granted when VPOR increases their AS to 8 billion, it is a news event, but not one where you start valuing the company based on an OS of 8 billion. That's asinine.
I've reached out to him a dozen times or so. He responded back in 2014, but hasn't responded at all in 2015. I've tried three or four times already. He knows shareholders are pissed with all the dilution and instead of being transparent and open he hides behind his desk.
Please let me know the outcome from talking to your attorney. I would be very interested in joining a class action if we as shareholders decide to go that route. I'm in about 6 figures here, so would be willing to defend my investment. Dror, has been misleading and reckless and I'm confident I can show he hasn't been looking out for shareholder interest.
PM or post what you find from your attorney. Thanks.
VPOR should have a 8x multiple on yearly revenue/share accounting for growth.
A company that grows 15% y/y should have a 1 P/S. VPOR is growing close to 120% y/y, thus should have a 8 P/S.
Of course this is a dramatically simplified calculation, but it gives us a fair value range of where the stock should be trading. An 8 P/S with 520 million O/S, we should be at $0.08/share right now. Show's you how undervalued this stock is.
The average of the notes converted at $0.0037. I'm sure that included a bunch of notes converting at $0.001.
The good news is the vast majority of the debt (Hanover) can't convert for another 6 months or so. I think VPOR will be in a much stronger financial position by then. Larger revenues, great gross profit, with likely some net income too.
The near term though, is going to suck.I'm just hoping for a sector rally and a strong VPOR rally to kick off 2015.
No worries, sir.
I'm in this baby with you.
Cheds, read the 10Q:
Do the math buddy, they're converted at $0.001/share.
Also, stop saying the financials are audited. 2014 financials are NOT audited. The 2013 financials are.
I follow this company like a hawk and know the ins and outs of it. Still waiting on a response from Dror.
"On October 1, 2014, an unaffiliated third party investment firm, and holder of a $73,500.00convertible promissory notes of the Company, dated August 29, 2012, converted $10,000.00 of said debt into 10,000,000 shares per the terms and conditions of said convertible promissory note.
On October 1, 2014, the Company issued 5,000,000 shares of restricted common stock to a consulting firm per the terms and conditions of a specific consulting agreement for services with such party.
On October 7, 2014, an unaffiliated third party investment firm, and holder of a $99,500.00 convertible promissory note of the Company, dated June 20, 2012, converted $19,000.00 of said debt into 19,000,000 shares per the terms and conditions of said convertible promissory note.
On October 15, 2014, an unaffiliated third party investment firm, and holder of a $73,500.00convertible promissory notes of the Company, dated August 29, 2012, converted $15,500.00 of said debt into 15,500,000 shares per the terms and conditions of said convertible promissory note.
On October 23, 2014, an unaffiliated third party investment firm, and holder of a $99,500.00 convertible promissory note of the Company, dated June 20, 2012, converted $20,000.00 of said debt into 20,000,000 shares per the terms and conditions of said convertible promissory note."
That's actually not entirely true.
The market knew Dror was the CEO back when it was SPLI and it had a market cap over +$60 million. The market didn't just wake up and realize Dror was the CEO.
I don't think this drop is because people don't trust Dror. I think it's because he's taken on millions in debt to expand the business (rightfully so) and is letting it all convert to common shares (wrongfully so). Again, Dror should pay off all the debt that coverts at $0.001/share. No questions asked.
When Hanover is able to convert, re-evaluate. If we are back to a reasonable valuation let some of that convert, and pay some with cash. But the fact that Dror is letting debt convert at $0.001/share is disgusting.
I too submitted questions to Eric for the Pot Stock Radio show. I specifically asked about VGR media as well. Of course he didn't address that.
I'm sure Dror is one of their most listened to shows. They should of devoted a full hour interview and not some lame 15 minute update where none of my questions were asked.
VGR media could be scary, but it also could be nothing. Definitely something to keep an eye on. Dror already has 450 million VPOR shares. Does he really need to siphon money out of VPOR to become rich? No, he doesn't. That's one thing going for us.
Well did Dror's previous companies have revenue? I know INLC and ONTCO were dealing with LED lighting? Just sounds sketch.
VPOR isn't a shell company and does have real products, this we know. But I agree, Dror could be running his company way better to suit the need of shareholders.
He also doesn't need 450 million shares and he also doesn't need to retain 100% voting power. This should be left to a board, not a single person.
VPOR O/S is not 2.5 billion. It's 429 million.
What the tells you is ERBB is a short and VPOR a long.
The dillution is killing the stock though. But even fully dilluting the debt, we're still undervalued by 4x or so.
As much as I hate to say it, I very much agree with your post.
Do I think VPOR is a scam? Absolutely not, it's a growing business with great revenues and it will succeed. Do I think Dror is looking out for shareholder interest? Probably not. There clearly is dilution going on and it doesn't seem Dror cares. He hasn't paid any substantial debt off with cash, AND he's letting debt convert at $0.001/share!
I emailed Dror last week asking two simple things.
1. How can VPOR be debt free in 2015 when the business is cash flow negative? Are you planning to let the $3.6 million in debt convert to common shares? I wouldn't have any problem converting that debt if we were at $0.1/share, but down here at $0.006 we're going to get slaughtered.
2. Why haven't you paid the debt notes that convert at $0.001/share? VPOR has more than enough cash to pay these small number of notes off. Instead you're letting small debt holders convert at a fraction of current market price.
I've yet to get a response.
Yes this too. Doesn't make sense that they paid $75k of the loan to Hanover, only to take out another $38k loan from Hanover. What was that all about? Strange indeed, hopefully Dror could give us some insight to that.
I'm extremely bullish on VPOR and currently hold nearly 2 million in shares. However, I do have some questions for Dror that I hope he addresses in his upcoming interview:
1) Dror, you have numerous convertible notes that convert at $0.001/share as described in the latest 10Q. Since the majority of these notes are not large, why haven't you made it a priority to pay these off? VPOR's cash increased by approximately $500k this quarter, many of these highly dillutive notes (conversion at $0.001/share) could of been paid off, thereby maintaining shareholder value.
2) Dror and Yaniv formed VGR Media, a Florida Domestic Profit Corporation, on October 24, 2014. What is VGR Media and what is it's purpose? What relation does VGR Media have to VPOR, if any at all?
3) Dror mentioned in his latest shareholder letter that VPOR will have significantly reduced debt or will possibly be debt free in 2015. How specifically does he plan on satisfying the debt when the company is currently cash flow negative? How much of the approximate $2.8 million in notes payable does he plan on paying with cash and how much does he plan on converting into common shares?
I'm predicting revenue for Q3 to be between $1.3 and $1.6 million. If we take the middle of $1.45 million on the LOW end we should be $0.1/share. Unbelievable value we're getting here.
The interview was fake. This was confirmed by the company. Look at Uma Luca on twitter.
Need a big day tomorrow.
Excellent post. +1 couldn't agree more.
Big time hammer formed today. Big accumulation happening. Wouldn't be surprised for big green day tomorrow.
What are you forecasting as price in 4-9 trading sessions?
Agreed with the weekly chart. Looks sooo sexy. Today's consolidation could be very good, really depends on what happens tomorrow.
How is external site promotion allowed on this site?
#brokeandbegsformoney #learn2trade
Bottom is in boys. Pretty cool seeing that 1.9M block being taken out instantly. Big money is watching this. Hopefully you all were able to add.