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I tried to buy some shares today to "average down" a bit. TD Ameritrade put LTNC on it's "restricted list" so it can only be bought through them using a broker.
...some securities are more vulnerable to manipulation than others...
I have multiple accounts with a "decent" balance. I told them to remove the restriction for me.
I do apologize, but LTNC is on our restricted list and until it is removed, you will need to place trades for this security with a broker...
Awesome.
I wonder the same and have no clue. Regardless of what anyone says, it's always about the MONEY. Only they know what they could walk away with now versus the risk for something better or worse later. I hope "this ain't the end of the road"...
No idea if non-sense, but "something" is driving the action today. I seriously doubt everyone just decided we were beaten down enough and it was time to buy. I really think us peons don't get the "leaks", whatever they are.
I fear a buy-out. At the cost I'm in at (and I think you too), the price won't be high enough. What would it take to buy this company? $2, maybe $3 bucks a share?
Well, if things don't turn around soon, ECIG won't be "joining us", they'll be "the only pure e-cig play on a major market"...
I wouldn't be surprised if Q3 is more like mid-November. Last year's Q3 report was a bit "out of character" for them. It was also within a day of when they announced the "private placement" funding so that might have been the reason? Who knows...
Note/Correction: The job opening says 9 new stores, not 10 like I said so the $1 million for 9 stores makes even more sense...
Maybe they took the loan out so they could give more money to Ryan Kavanaugh?
Sorry, his deal is a thorn in my ass (so far) and I couldn't resist.
I agree we can all just speculate at this point, but I doubt (and hope) they didn't take out this loan for the new position! The posted salary before benefits etc. is about $100k annually. Also agree they already have more than this on hand so my guess is it's entirely for the new stores. The existing cash on hand is for the existing, continuing operations.
To back up my "theory", I looked into opening a "VaporFi" franchise. Keeping in mind the goal of opening 10 stores before the end of the year, check out these numbers:
Required Net Worth = $100k
Total Required Investment = $89.3k - $159.8K
Sure looks like a million bucks would get you 10 VaporFi stores!
http://www.entrepreneur.com/franchises/vaporfi/334454-0.html
Yeah, that job listing is like a “press release” itself. I’m so pessimistic at this point that I searched an extra hour looking for confirmation. The job listing apparently is picked up by a few employment sites. I kept looking for an actual “listing date” instead of “3 Days Ago” but couldn’t find one. Maybe I’m paranoid?
So, any thoughts on the $1 million loan announced today?
Found something interesting?
I've been digging in different directions trying to find anything to keep my sanity. I stumbled onto a job opening at Vapor Corp. for a “National Sales Manager”. Looks like it was just posted this past weekend and I’m pretty sure this is a “new position”?
The link is below and I know the company needs to “sell themselves” to potential talent, but here are a couple hi-lights:
Vapor Corp currently has around 50 employees with expectations to grow to 100+ employees by the end of the year due to the number of retail stores they are opening nationwide.
I thought the retail stores were part of the IVG deal? I guess they are moving forward in this area without IVG?
Build relationships at the HQ level with key wholesale retailer accounts (Rite Aid, Walmart, The Pantry, Family Dollar, Dollar General, Hess etc…)
Walmart? Do we have anything going on at Walmart or is it the “new guys” job to get in there?
Future growth of company including Development of sales strategy for new business acquisitions and sales channels.
I guess “business acquisitions” are still on the table”?
Overall Sales Vision: The sales strategy for Vapor Corp is growing and this role is crucial as we continue to penetrate new markets and focus on our retail growth; starting with 9 stores and looking to have 100+ stores at the end of 2015. This role is critical in the following areas:
Again with the retail stores, 100+ by end of 2015?
Company owned Retail Kiosk locations (currently being built)
Kiosk locations being built…
http://www.americasjobexchange.com/job-detail/National-Sales-Manager-Fort-Lauderdale-FL-568077759
By the way, there is nothing on the Vapor-Corp web site about this job or the retail locations, etc.
My latest hypothesis is there is nothing “criminal” going on, but we still might be f’ed. We know the company provides NO guidance or ANY forward looking statements. I think if they had anything at all “solid” to report, they would. They will not issue a “fluff” or a “we’re working on…” type of release. We can only hope that they are working on “something” to stay ahead of the curve, increase sales, and stay in business.
With that said, I think it’s the entire “e-cig/vape” industry that is under pressure. Investors are afraid of regulation, taxes, patent issues, potential health issues, bans, etc. We may or may not survive. E-cigs in general seem to be dying on the vine after such a short burst of notoriety. We all know vaporizers are already replacing e-cigs. Maybe investors are thinking “so how long will this phase last and what’s next”?
I no longer work due to MS so I am home 99% of the time. I watch “hours” of news every day, read the newspaper, and follow my investments and various issues via the Internet. Bring up any kind of political or news-worthy event in the world and I’m the guy who answers “yeah, I know all about that”. I can tell you EVERY story about e-cigs that makes news is negative. If I didn’t do my own research and have a “vested interest” in these things I might think they were worse than WMD’s. I have seen “reports” stating how dangerous e-cigs/liquid, etc. are. How they’re being marketed to kids and hundreds of children are being poisoned. One report said the “poisonings” are up 300%. The number of incidents in 2013 was around 1,300. What they don’t say is more than that were poisoned by ink pens and there were 10,000 kids poisoned by dishwasher detergent pods because they look like candy! Yes, 10,000 is correct. What do you think makes the headlines?
Here’s another example a couple weeks ago when I was searching for some kind of e-cig news that I don’t recall. The headline/link from an England newspaper was: “E-Cigarette Explodes, Burns Apartment – Kills Elderly Man”. (about a year ago when I told my brother I invested in e-cigs he told me he heard e-cigs blow up and kill people so obviously the story I found wasn’t the first one) I couldn’t resist and had to read the story. The article said a man with “oxygen tanks” in his apartment was recharging an e-cigarette but he wasn’t using the correct charger that was designed for the e-cig! The charger caught on fire which spread to the oxygen tanks and boom! Now take another look at that headline because that’s what gets reported.
I’ve been thinking about all the stuff I wrote above for a while now but keep putting the “blinders” on and telling myself everyone else is stupid and doesn’t understand what these things are. I don’t plan on selling and taking a HUGE loss so right now it looks like I’m the stupid one. I plan to hang on and hope the company finds a way to get the sales increasing again which should get the stock price moving the right way and keep the company in business. Now look at the story I just found from “Business Insider” that prompted me to write & post this. It kind of backs up some of what I’m saying and offers some explanation as to what is going on. Note the connection to “pharmaceutical” stuff too.
http://www.businessinsider.com/r-as-big-tobacco-takes-up-e-cigarettes-investors-look-ahead-2014-9
That looks like a "custom" unit that is clearly using some of our parts? Maybe they can't claim it?
To your point though, I recently saw this on the site that I'm fairly sure is new?
http://www.ivaporx.com/index.php/products/vaporx-excite-electronic-ecigarette
VaporX E-cigs that are re-charged in a cigarette-like case. I don't recall a "VaporX E-Cig" not to mention the wiz-bang re-charging case?
Asleep at the wheel?
The part I didn't say was I changed the order via "replace" to 1.51 at 3:55PM & still didn't get filled! Bigger thing though is the "quantity" that went thru at last trade...
PS It was a "Day + Extended Hours" order but there was NO after-hours activity.
Looks like my order for 2,000 shares at 1.49 wasn't filled. Then I see the last trade of the day was for 109,898 shares at 1.49! Don't know what to think? Maybe another institution bailed? Maybe I should be happy my order didn't go thru???
I just put an order in to buy 2,000 shares at 1.49, hasn’t filled yet. I’m considering having myself declared incompetent so I won’t be able to touch my accounts. I think I need help…
I feel your pain! My problem is I "averaged down" at $5, $4, & $3 but bought most of my shares in the $7 'ish range so I now hold 9,020 shares at $5.89. I've made 29 buys, no sells. I'm running out of ammo. Tempted to pick up a bit more at these levels but each time I've bought more I thought "how much lower can it go"?
I heard they are partnering with Apple and have an app for the "Apple Watch". You can vape directly from your wrist! Wait, I think I dreamed that...
Back in December I emailed Jeffrey Goldberger at KCSA, one of the "Investor Relations" folks. He responded within 24 hours. One of my questions was if the company made an "e-cigar" since at the time I didn't know. He had someone mail me two cigars which retail for $30 each so at least I got that for my investment!
Jeffrey Goldberger
jgoldberger@kcsa.com
Phone: 212-896-1249
With that said, you should know that I am a psychic. So not only can I read your mind and know your questions, I already know the answers so you can save time by asking me. Here are your answers in advance so pick whichever one(s) you want:
A) Management’s position is that it will do that which is in the best interest of all shareholders.
B) Right now, the Company is concentrating on building its business.
C) Management does not make projections or disclose that type of information.
D) The company does not differentiate or disclose sales figures within product category, family, or segment.
E) We are currently working on some exciting developments but unfortunately we are not at liberty to discuss them at this time.
Distributor slaps electronic cigarette maker with breach of contract claim
http://cookcountyrecord.com/issues/892-breach-of-contract/267276-distributor-slaps-electronic-cigarette-maker-with-breach-of-contract-claim
I'm not sure what to think anymore! But, if you use the very basic "price to sales" calculation, as I like to do, here's some fun with numbers:
I believe VPCO has had a P/S of around 3.5 to 4. It is currently 1.43 which tells me the share price could/should easily be about double the 2.05 it's at.
ECIG has a ridiculous P/S of 31.29. If our P/S were 31.29 the share price would be $46.23 (don't hold your breath)
So, if we go back to or had a modest P/S of 3.5, based on the current amount of outstanding shares we would need annual revenue of about $95 million for a share price of $20 & change. As a reminder, our revenue for the first 6 months of 2014 was almost $10.9 million so we're a "tad short"...
To the moon!
Sorry, but after the mega-drop it's funny how it actually feels good to be up a decent percentage. Hope it lasts and then only 10 more days in a row!
Tidbit from the acquisition document:
Background of the Acquisition
In early January 2014, Kevin Frija, the Company's then Chief Executive Officer, initiated informal discussions with the senior
management of IVG about a potential transaction between the companies.
So it looks like Frija, who some thought was a dope and happy when he left, was behind the acquisition that could save us...
I just saw Nike has a "Vapor X" product line including soccer cleats for kids. Instead of suing Nike, maybe we can get them to include a Krave with every pair sold? This way we could get 'em hooked now and have a "customer for life"...
Desperate times call for desperate measures
For the record, I am way over-invested in this speculative position. I started buying last October. I bought on the way up, and on the way down. No, I haven’t taken any profits the “very few” chances I had. I am an investor, not a trader. Because I am an idiot, I bought another 850 shares yesterday so I now hold almost 9,000 shares at just under $6 ps.
I do not blame Kavanaugh for all our woes. I agree he has an impressive resume and I was ok with the arrangement. My beef is we haven’t got anything out of him and it’s his pay that was mentioned every time another excuse was needed for the loss. Do I think he had the “connections” that enabled the company to buy a booth at a pot-head festival? (not to mention we don’t have much of a product in this area) Um, no. Did he engineer the IVG acquisition? I guess it’s possible but I highly doubt it. That’s not what he was hired to do. He is supposed to get us high-profile recognition. Like getting Leonardo Dicaprio to puff on a Krave in a movie or a very visible event. Did you hear the questions from the only 2 institutional/finance people who were interested? (by the way, neither of those guys sounded like they were in a hurry to buy more shares) It was asked if Knight Global received any funds other than the original agreement. Like commissions for “actual” sales that were a result of their efforts. Answer was “no”.
Regarding the “infomercial”: I could care less right now if it’s on YouTube. The idea is to make money. Didn’t they say the same thing after Q1 that “revenue and margins were affected due to the end of the Alternacig infomercial”? I understand they phased out/are phasing out Alternacig and the new one is for a VaporX product but if you make money from infomercials that also have higher margins, why the F would you not have an infomercial running perpetually?
Revenue: The only fair way to analyze the $1.2 million “move” from Q1 to Q2 is to look at the quarters combined and compare that to last year. Revenue dropped $1.67 million, or 13.33% for the same period. We are in an industry that is projected to increase by 25% per year. Doesn’t that mean we “dropped” by about the rate we should have “increased”? May I remind everyone we’ve had vaporizers all along so I’m having a hard time seeing how the transition from e-cigs to vaporizers hurt when we sell both?
So with all my negativity, doesn’t it scare the sheet out of the longs that it appears if we didn’t have the IVG acquisition, which hasn’t closed yet, we would be DOA?
Seems like every place the word "loss" is mentioned so is "Knight Global". Looks like Ryan collected almost $1 million. Wasn't he supposed to be compensated for "increased sales", new distribution partnerships, awareness, etc. Sales went down, didn't they?
Did I miss something, or can anyone point to anything he or his company did for us?
Fox BN just mentioned something about "29 States seek tighter e-cig rules". I Googled for more info and got side-tracked by a "press release 2 hours ago":
Research and Markets: US E-Cigarette Market 2014-2018: Key Vendors are LOGIC Technology Development LLC, Lorillard Inc, NJOY Inc & Vapor Corp.
http://www.businesswire.com/news/home/20140811005821/en/Research-Markets-E-Cigarette-Market-2014-2018-Key-Vendors
I thought it was interesting that Vapor Corp. is listed 4th under "key vendors". The above link is a pitch to purchase the 63 page report that was written in May. The cost is $2,500 so I think I'll pass!
I know nothing about the company who wrote the report or how the "news" for it was posted 2 hours ago...
The stock went down after initial announcement.(I know it was same time crappy earnings were announced) Today they said they will be taking on more liabilities including the suit against IVG, will increase the amount of cash they will front to IVG, will take on a bit more debt, and add 60 more days of uncertainty regarding the impact of the aquisition.
How does the stock "not" go down from here?
Could be?
Here's some "non-positive" news: Just received the latest catalog from Cigars International. Their sister company is CigarBid. They are "huge" in the cigar business. They announced they are selling e-cigs. Catalog has BLU, CIG2O, E-Swisher, EZ CIG, FIN, Logic, & NJOY. Oh well.
Maybe Kevin Frija wasn't the "idiot" many thought he was?
I'll take a stab at it: I think there is a separate SEC filing when insiders buy or sell. The info can be released with or without the qtr. reports so you'll see it with "8-K" headlines stuff. IMO insider buying will have little to no effect on the stock price but selling would.
Russell list means some ETF's and MF's will automatically be buying shares. We had no effect being uplisted to the NASDAQ so I doubt this will have much impact either.
I believe there are only 3 things that will effect the stock price: Sales, sales, & sales...
Geeze... I wasn't expecting another "buying opportunity" until the Q2 earnings were announced...
Yup, you're someone I recognized from your posts! Point is, "it's them, not me" and I'm not the only one who has given up (with Yahoo!)
Slightly Off Topic: I posted this here once before about a week or so ago. The Yahoo message board no longer works for me from my PC or phone. Nothing happens when I click "post" or "reply". I've tried the typical clean-up & fixes. Their user-help area indicates it is happening to MANY people and Yahoo doesn't care. There is NO support for message boards.
I can tell from the user id's here that some people are migrating over. It might be helpful if someone "who can still post" over there lets people know there are still VPCO longs! I get the feeling people who don't know about Investors Hub or the posting problems (not to mention all the spam)might assume everyone has bailed on VPCO and sold!
TD Ameritrade shows the "last" price as 5.45, down .15 cents for the day. Looks like the "22" shares didn't count...
I’ve owned this stock long enough now so I know the reasons why it’s not flying today.
Pick one:
•It’s the Market Makers, they are manipulating the price.
•It’s triggered stop losses.
•It’s just routine profit taking.
•Even though all of us knuckleheads know the stock was up-listed today, the people who do this for a living have no idea yet.
•There are stock buy orders on a Malaysian flight that are being delayed.
•It’s the shorts, they’ll be sorry.
•Restricted shares are now un-restricted.
•Big Tobacco is manipulating the stock to get a cheaper take-over price.
Sorry, but I was hoping to be in a good mood all weekend…
Good news indeed. I was also surprised not only that they didn't wait until the last minute, but never issued a press release saying they "applied".
Important bit about the timing to me is this is just before the LD Micro conference on June 4th. The "excuse" in the past why there is little or no institutional buying was blamed on being an OTC stock. I really hope this changes soon...
Side note: I know many folks post on the Yahoo board too. I have not been able to post for over a month from my PC. Smart phone was working up until a few days ago and now that doesn't work. There is NO support for message board problems, they don't care. There are tons of people with the same problem as me. I only mention this for those that might be wondering why people are disappearing or not posting over there.
From prospectus:
Under the Purchase Agreement governing the Private Placement, we are required to list our common stock on The NASDAQ Capital Market not later than July 29, 2014. No assurance can be given that will be able to do so by then or at all.