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.
The warrant holders are being taken to the cleaners. They cannot convert because they will need in my estimate about 500 billion shares with a B to convert. Since we are sitting at less than .005 the Warrant holders must be waiting for something because the volume needs to increase 10 fold to get out but the company is limited to as I said before 5 billion shares. We are getting close to the end of the line. BK or a Sell is in the cards no other option! In my opinion The reverse split will be problematic do to SEC regs so I see a huge fight for control IMO
I see no theory that works! As the price drops conversion of shares far exceed the amount allotted. That being said who the "F" is buying the shares! The company is and are pulling them out of the market. Version at this rate is less than 30 percent! I do not buy it! What I do see is a large position being taken out. The warrant holders who are holding a substantial amount of warrants would never convert! Another plan or an 8k filed to create 500 billion shares at this rate maybe I would agree the they can get out, but it's not happening as only 5 billion shares are issued! 70 percent will be out of the ability to convert! BK or Sale IMO
Cash Bingo they only can convert 25 percent. That being said selling the company and or BK is the only option! Buying the shares back will decrease the likely hood of a major lawsuit. That is not to say it's not still in the cards and none of the current and or old Directors or Officers are immune to a suit. Buying the shares back will create a value of around 10 million plus EBITDA going forward.To eliminate risk sell is the best possible outcome for roughly 45 percent of the warrant holders and current stock holders.In my opinion!
Spook the problem in your outcome is the warrant holders who are now converting " which I agree it's happening" is problemmatic if they drive down the price and covert at such a low value. I am guessing the company is buying the shares back as you have thought yourself. At current rate of worst case the company would have to spend roughly 12.5 million. I see no special deal for friends and family as I also see that the scenerio assumes total shares outstanding hits the 5 billion issued at at a rate of .0025. If it goes lower burn rate is less but make very unhappy Warrant Holders unless a bigger picture is happening. In my opinion worse case after conversion the company gets rid of all holders and remains debt free with 10-12 million in cash. I am guessing operational burn rate is getting smaller as I predicted sales were in excess of 8 million. If my theory is correct the Standstill gave a raw deal to friends and family! It looks like a sale is going to have to take place otherwise the conversion stole over 25 million from the original 40 million. I also think because of the friends and family conversion scenerio they can not do the jumbo split nor do I think the SEC would slow it as I have written before especially with the ongoing scenerio. I expect a sale. IMO
The rule 6490 was put in place for over the counter stocks not to hurt the value of shareholders. Since VPCO already was stopped by Nasdaq and put to the pinks the Reverse split of 1-70 was already done. The eyes of SEC and FINRA are already watching. To do the JUMBO they would need approval and although they think they publicly announced it "that the board has discretion till 4/15 of 2017 or could decide not to do it, Is the red herring! They would be left with no tradable stock and we would be in a serious dilution problem.The design of the rule was for over the counter stocks! The SEC and FINRA would have to agree to the Jumbo split and in my opinion they are not going to get it based on what the transaction will do to shareholders
rule 6490 will be addressed if the company files with the Sec the jumbo split. I do not see this being in the best interest of the shareholders without great dilution destroying their value!
As share price decreases I see no way for warrant conversion of the 15% to be done by 4-15. What I do believe is that I do see the share buy back making sense. Once the majority of the shares are in the hands of the company the deal is done! what deal I have no idea, but something is going to happen. The R/S cannot happen
WOW! this would be a smart play given they were being torched in the open market and shorted down to sub penny. By buying it back they would be creating extreme value for share holders IMO. It could of all been done with less than a million in cash and makes huge sense. Now they rid the the liability and increase the value of the company. Smart Play! If this is what is going on!!!
Buy back does make sense! How did they cancel shares?
Its already below a penny!
They are not going to do the R/S. They gave a time limit of 4/15 17777777777. That should tell you what is going on with the reverse. Its says they will have 5000 or 2500 shares depending on the split. It will not trade at all without a huge Difference in Bid and Ask. bid $15 Ask $33 or Bid $40 and ask $66. Its a problem to do the reverse for many reasons but if they are taking shares out of the market that is a GOOOOOOD sign!
Most trades seem like wash trades. If the trades are conversion of warrants volume should be in excess of 100 million a day to convert the 15% at the current trading value. Some buys and sells but mostly black action which looks like wash trades that lowers the bid.
For Manipulation?
Boy! Talk about doing a deal with the devil! This is being so manipulated IN MY OPINION that wash trades back and forth not actual buys and sells. This is toxic manipulation and it is so destructive in MY OPINION
Lawsuits will take place if they do not right the wrong
Sorry for the last post my iPad does auto correct. A sale is the only way I see this playing out and is the lesser of all the evils. It is just my opinion. If they let the conversion take place a change of control could happen which was disclosed on the Dockets as not going to happen. I agree to all stay positive!
why do. Think of a sake over settlement with Warrant Holders? The warrant Holders would have more than enough equity in any deal to take over the company based on any deal. If a conversion takes place I am guessing a change of control would take place. The company would have to issue more stock to dilute the ownership. IMO They do have stock sitting on the sideline to issue more , but if you were a large warrant holder I do not think you would agree to the terms IMO. I think the only way they can do is to sell the company. This is the only solution that works for all. Again this is my opinion
sorry Chuck did not have intent on misspelling your name
[b Cuck if a sale occurs terms are offered and it goes to a vote. The buyers can carve out any terms they want to. So the easy answer is they do not need to deal with the warrants. To eliminate liability a company would want to deal with the warrant holders on good faith. As of right now we are all dealing with unknowns of what is going on behind the scenes. IMO they are being forced to sell.
you answered your own question! They never intend to do the R/S! They made a bold statement out to 4/15/17!!!!! 1-20000 or 1-10000 at the boards discretion! Really? I have seen this before " we might not be able to pay are debt back in 2 years from now? Not this company but companies that are in intense investigations as we speak! That being said the reverse split was orchestrated at 1-70 at the same time 85 percent of the Warrant Holders agreed to another Jumbo split WTF Some bigger action is going on behind the scenes and I can only assume a sale. IMO that's the only way to right the wrong!
Poison Pill! How was the deal structured from the very beginning? 5 million plus dollars was paid for the placement of the 40 million! That all being said a tremendous amount of money to be made by shorting it to oblivion after a deal and the company spending big money for retail stores with little income to show up in that quarter. The stock collapses! What the hell happened! In my opinion look at where the money came from and see if they shorted it! Very common in the bio-pharma space and not illegal. Does anybody know the float for real? The 15 percent that did not agree are trying to convert as you did.. That equates to roughly how many shares? The BS IMO of a filing that was caught shows proof of being inept or intentional to scare retail. Based off of your experience being a "Warrant Holder" it looks to me that the Holders cannot covert to shares before going to pink! The 85 percent as you have said is who? What would stop them from converting or holding to an agreement to "stand still"? I agree with CASH on the basis of not letting them convert, but I see a the only way this can work this out for all, is a sale that comes close to making the Warant Holders whole. In any other scenerio it's SEC all over this and I see no viable win for management and huge liability in both your scenarios and I know this is al conjecture! Whether they care or not is their problem. They need to know that action will take place if it does not get straighten out. At this point they MUST SELL the company because they were bambozzeled in making this deal.( in my opinion) The trades over the last week have been mostly wash trades so it's to get as many shares before a transaction of some sort. Hold or Buy in my opinion. Stupid to be selling! Again in my opinion
ok. Now they reclassify the sales as wholesale" only "yet calculate a debt number that means what? They decide not to put retail numbers in! This is BS! If they are willing to publish the loss then what were the retail sales and how did they post such a huge loss for one quarter compared to the loss they already posted for 9 months posted in their financial! Anybody?!!!
i spoke directly with the CFO and She confirmed the mistake that their attorney did not use retail sales and it will be corrected!
Lie is a strong word! They forgot to put in their retail sales! and yes 8 million at least!
Which means what? The fact they are going to adjust Revenues up, is unheard of! So if you sold on insider news you are trapped! I have no idea if there was intent, but the fact that the stock has gone to these levels is shameful and does not equate to a company with sales that I am guess to be over 8 million or more and shale be sitting on cash of estimated 15- 20+ million IMO. Monday is a slamming day up!
Immediately!
Yes! retail sales were not included in the report and will be restated! They need to rectify a big mess here!
wholesale revenue was only reported a restatement should be followed up with retail. IMO it should be restated up which I have never heard of or seen AGAIN IT GOES UP!IMO
If they try to do Reverse split do you not think this filing had any intent? Ask yourself who sold the day of the news during hours? They are suspect to early news that goes with the companies filings (insiders) Amateurs! Someone bought this up to 2 cents within the week and they know the real numbers. I suspect the company is sitting on cash but this bogus filing was too keep killing retail investors! They loaded exposes and dropped revenue from last quarter! Correction needs to be established and I have never heard of a company making a restatement up on revenues!
Audited vrs. non-audited BOOM! VPCOD has had it on their website and the information just provided does not say it is audited either. So whomever bought before this filing has legit claim against the company!
based on 11 new stores and roughly one month in the last quarter reported I estimate sales would have popped by the full 6.5 or roughly 14.7 million annually (best guess) Losess should be high for acquisition cost, but the way this reads its unclear if they are including last years lossIMO they need to restate losses and revs and this heads north!t/b]
VPCID made a big mistake! The most interesting thing is the trading volume spiked on BEFORE NEWS I the shares that traded out are suspect in an open SEC investigation. Just my opinion, but a big mistake at the wrong time with a public filing. Now this has teeth!
looks shady! They cannot take it down now ! Big problems in filings and or split activity based off what is on their website!
BS The Registrant’s total revenues were approximately $6.5 million for fiscal year 2015, compared to $15.1 million for fiscal year 2014.
This is what is on their financials posted unaudited on 9-30-2015 sales of 7.3 million!
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2015 7,359,069
August 6 2015 they raised 41 million they should be sitting on 20-25 million!
Based on having roughly 25 million in cash the company is worth roughly 260-280K right now. I could see a tender offer at 380k or roughly a 50% premium to the shareholders and then give a special dividend of 25 cents a share to the current shareholders fire management and get rid of the board. That would be a smart move HMM it could happen! GET SMART VAPOR!
Smart move stay the course IMO!
To issue 4 billion shares for the remaining Warrant holders is not going to happen!. To get all of the shares in the control of the Warrant holders and then doing a reverse split makes the numbers work but is about as stupid as it can get! They authorized more shares if in the event they can do the big Reverse split. If you are holding warrants then how does that make you fl that they will dilute it in the scenario that has been presented. I say let the board do the reverse split. Open up pandora's box is what that will do! They need to Pump up the value some how and a reversal will be the wrong way to go for all the reasons I said before!
Your exactly right no value after Split! So the point is to try and do a 1-10k/20k split that will get destroyed the next day it trades; so whats the point to try and do it? Hmm maybe to get the retailers to sell into this nightmare. Like I said if it goes to .001 I will buy the company IMO this is BS play amateur game and it has serious consequences that are involved especially if you have a shareholder that has a significant position and has deep pockets! Shares going back and forth are fake IN MY OPINION to get the bid down. My suggestion if you own below 15 cents hold. whats the point in selling? Anyone?
Take a nasdaq trading company off the to the pinks in less than a month does a1-70 reverse split and then states they want to do a 1-10000/20000. The 1-10k/20k is a poison pill, shares have been sold and traded back and forth. Either a change of control or a Pump and Dump from a Penny Stock group about to happen or has taken place. My guess is UP from here! The SEC will be all over this and all the shareholders can sue the Board individually if they decide in the next 13 months to initialize the split! The board put themselves on the firing line by stating they can do it at anytime! If they try to order the reverse split was it in the best interest of current shareholders or the ones from February 2nd?! The 40 million raised AKA large Warrant holders are in control now and all I see are lawsuits to get some of the 20 million thats left if the Board tries to apply the split or move the stock down. They come out with a stupid press release from shareholders approval from a month prior to do a reverse split of huge magnitude.! I can smell the lawsuits and for good cause fiduciary responsibility to the shareholders? Yes, our CEO might be a attorney, I would not want to be him based on my opinion of course! I will listen to anybodies reasonable outlook. if you can explain it to make any sense. . /b]