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That's true.
But normally when a company wants to push their great product further, they start looking for a partner who can do more than just provide money. Or at least someone who has a successful history in doing business, unlike VPOR.
Here's a problem with the wine cork:
VPOR didn't invent or develop the technology themselves. They bought it.
My question is: What was the reason that the developer didn't start manufacturing and selling the product themselves? Or did they try and fail?
If I remember correctly the patent had been drafted quite a long time ago.
Maybe they needed more money to continue the development or for production or for holding the patent... whatever. But if I needed money in a similar situation, a company with VPOR's (Dror's) history would be one of the last places I would look for. If I really believed in my product, that is.
What did VPOR bring to the table in this reverse merger deal? Doesn't make sense from the original company's point of view.
OK, thanks. Seems to me this company is dead. I think everyone except Bob McNulty has resigned. It's sad because now would be the time to hit California hard with the CAFS concept.
What a wasted opportunity.
Hey 4life7, you had a friend in the CAFS salesforce, right?
Have you heard anything from him lately?
That's not too bad. It means with a similar hype we could peak approximately at 11 cents.
I wasn't around back then but if I understand correctly the setup now is somewhat similar to that one. The price point being about the same and a merger in the horizon. Now we only need someone to hype the sh*t out of this one :)
What were the AS and OS back then?
I'd like to know to be able to do a simple calculation of the potential of VPOR. Where would we end up with a similar run and the current share structure... thanks!
I don't know about that, but if Sanders keeps doing well we'll have an interesting year ahead of us. Should he be elected president, 2017 will be even more interesting.
As I said in my initial post, I don't know if that's true, but at least they are still up and running.
Yes, but they said that only the management knows what the fins look like or when they're going to be released and that they're working hard to get them out.
I was there at about 12:05 pm.
Yes, the "warehouse" I was talking about was also the shipping area. There were packages on the shelves and ready to be shipped but there was no one working in that area so it didn't seem too busy.
I went to see their office today.
I'm on holiday and decided to do something useful with my time here in Florida. And so I went to see the VPOR offices myself.
There were a few parking spaces reserved for VPOR infront of their office, but they were all empty. In the lobby there was a nice lady who asked how she could help me. I replied I just came to see if the company still exists after this long quiet period. She said yes, they are very much alive and active. I also asked when they would release news or financials, but she replied that only the management knows, and they were out of office.
At this point another woman came to the lobby and told me about the same things. She then asked if I wanted a small tour around the office. The first back room was an actual "working room". There was one man working on something and eLiquid products scattered around. A new thing at least for me were the "standing scooters". I don't know what they're called but you see them everywhere around here. A small Segway-like motorized board with two wheels, that you control by tilting your body. Anyway, the scooters are now part of VPOR's business model. I'm not exactly sure if they only sell them or if they also fix them but at least one scooter on the table was opened/dismantled. I should have asked more.
The next room was the actual warehouse, which was full of eliquid and other VPOR products.
At this point I asked if the product was selling well, and she replied "Yes, we are opening a new store in New York." That was also a new thing for me but then again, I haven't been following VPOR or this board too actively during the past two months.
After the warehouse there were a few emty office rooms, hers and the management's. But apart from the three people I had already seen, no one else was there.
The two ladies were very nice and polite and said that the management was working hard to get news and financials out. I don't know how true that is but at least the company still seemed to be active. I never asked if I could've taken some pictures inside, but here's an image taken from the front of the building.
I should have asked more at least about the scooters and the new store in New York. If someone else visits Miami or lives near VPOR, it would be nice if you went to the office and asked more about these things.
- FW
OTCQB has a bid requirement of $0.01 over a 30-day period, so I'm guessing the purpose of this split is for CAFS to uplist to QB. I can't think of any other reason. The split in itself is not particularly good news but uplisting would be. Let's see what happens.
Dead cat bounce or a sick dog turd, it's all the same to me since I don't really care what the pps is at the moment or what it'll be in the near future. The truth is that the current share price is based on nothing but speculation. CAFS hasn't proved anything yet. No revenues to show if this business model truly works. Until then the PPS is what it is. Let's talk about dead animals when they've been in business for a few quarters or a couple of years. Only then we will see if this company has failed or succeeded.
It's true that the buying rumors are exactly that: rumors. But I highly doubt 4life7's motivations in quickly mentioning this in an ihub post would be to prop up anything.
I think people are forgetting how new this company is, and that what they're trying to do has never been done before in their field. It takes time, patience and different approaches. At this point we can only hope that everything works out. No one knows anything for sure.
Cool! Thanks for the info. It's nice to have someone on the inside :)
Things really seem to be heating up here, like worksfornickels said. Only this time without the sarcasm.
This article released by HighTimes might have contributed to yesterday's 100% rise in pps:
High Growth Pot Stocks and Sectors to Watch in the 2nd Half of 2015
I got 500k for .0005. Huge, I know. :)
MCIG is acquiring a security firm that specializes in the security of medicinal marijuana dispensary and grow operations. Seems like MCIG and CAFS are strenghtening their relationship.
OTC News piece
It seems strange to me that since the PR of the deal last year they have not mentioned the first store at all. They only talk about their stores in California. Or have I missed something?
I'm relatively new to OTC. How rare is it for a penny stock company with an actual product and millions in revenues to be trading at this level? Seems almost like a no-brainer buy decision... or what?
Cafe Serendipity Holdings, Inc. Announces Its 5th Branded Store Licensed Agreement
HENDERSON, NV--(Marketwired - May 6, 2015) - Café Serendipity Holdings, Inc. (OTC PINK: CAFS) (the "Company"), a brand builder focused on the build-out of a national brand in the recreational adult use, and medical marijuana dispensary industry, announces today that it has signed its 5th agreement for the branding of a medical marijuana dispensary in Lake Elsinore, California. This will be the second store in the local market of Lake Elsinore. The store will use our brand and market our proprietary products under the terms of the licensing agreement.
"Café Serendipity continues to focus on rebranding existing stores with our branding formula that is proven to have an immediate impact and resonates with its new and existing customers. The Company is excited to announce the launching of its Licensing Business Seminars by county in California beginning with the historic Crest Theatre located in downtown Sacramento, CA. on May 14th at 6pm. RSVP on our website www.cafeserendipity.com. Seating is limited. The seminars are designed to sell a limited number of licenses for Café Serendipity stores in the greater Sacramento market, are industry specific, informative, and educational. The Company plans to host additional meetings throughout California and several additional states. We will formally announce our schedule, complete with dates, time and locations later this month," said Bob McNulty, Chairman of Café Serendipity.
About Café Serendipity Holdings, Inc.
Based in Henderson, Nevada, Café Serendipity Holdings, Inc. owns and operates Café Serendipity. The Company is a builder of upscale branded turnkey retail stores in the recreational adult use, and medical marijuana dispensary industry. The Company is marketing its unique brand and product lines through a coast to coast licensing network of Company approved stores and growers. The licensed stores and growers benefit from Café Serendipity's proprietary technology solutions, quality control sciences to the growers, ERP/POS systems and a growing list of tier 1 brands and vendors. The Company currently markets to the approximately 6,000 existing legal recreational adult use and medical marijuana dispensaries in the USA.
Safe Harbor: This release contains statements that constitute 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, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of Café Serendipity, its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond Café Serendipity Holdings, Inc. ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is and will be included in Café Serendipity Holdings, Inc. filings with the OTC Markets, Securities and Exchange Commission and/or the Company's website.
CONTACT:
Cafe Serendipity Holdings, Inc. Corporate: www.cafeserendipityholdings.com
Online: www.cafeserendipity.com
Facebook: www.facebook.com/cafeserendipity.net
Instagram: www.instagram.com/cafedipity
Twitter: www.twitter.com/cafedipity
LinkedIn: https://www.linkedin.com/company/café-serendipity
Tel: 702-492-1236
info@cafeserendipity.net
info@cafeserendipity.com
Very nice!
And this time they've even added a date estimate for the fees.
Let's hope this announcement is the first of many more to come.
Is this the company that owns Weedmaps.com ?
McNulty's shady past has been brought up on this forum earlier, last time by myself. It doesn't really worry me, since he's not the only one leading this company. And to his credit, he has also been successful at least with Shopping.com.
It is obvious that CAFS needs to start delivering some good news in the coming weeks and months. The first stores need to open and they need to start closing more deals. CAFS is risky, but show me a startup that isn't. What I like about this company is that it seems that the team is really trying. At least that's the impression I get from all the press releases, interviews, Facebook updates and unofficial rumours told by for example people in this forum. I'm sure someone's gonna point out that Facebook updates and rumours don't mean crap, and they're right. But all these things combined with the everchanging attitude towards MMJ and recreational cannabis in the US give me a good vibe about the uncertain future of this company. Only time will tell if I've been fooled.
I've been adding since september and am thinking about adding more in the near future.
I've tried to connect from multiple different IP addresses. Maybe it's restricted to US connections only for some reason.
Does the new website www.cafeserendipityholdings.com work on your computers? I can't get the page to load. It tries but then just times out.
SmallCapVoice Interview with Serendipity Holdings, Inc. (FOFU) fka Force Fuels, Inc.
Does anyone know what's going on with the first recreational store they announced back in August? I've never heard anyone mention it after the press release.
How so?
Hehe, good point. I'm sure he has thought this through :)
Yep, that's what I'm expecting too. I hope we're right :)
In six months we'll all be much wiser.
That is good news.
But still, the more I read about McNulty I get a feeling of a guy who might bail when he sees trouble. I hope this is not true, anyone with an internet connection can write garbage about others.
Let's hope things start rolling soon and troubles are minimal.
McNulty's previous (not so known) businesses
McNulty's known for his success with Shopping.Com and Homeclub, but he's been working on lots of other projects too. For example this site ( http://www.zdnet.com/article/thebigstore-a-big-bust/ ) talks about TheBigStore.Com and its demise. Especially the quote "He took the money and ran," gets me a bit worried.
There's also a whole blog site dedicated to McNulty, written not in the friendliest way: http://mcnultyscams.blogspot.com
I myself have invested in FOFU and am hoping that it's not a scam. I think it truly has potential. But is McNulty a real entrepreneur who knows what he's doing, or is he the kind of guy who - when the time is right - just wants to "take the money and run" ?
Any brave guesses what the new ticker will be?
Maybe "CSPY"? :)
Haha I did just the same.
25k for my parents :)
How much FOFU do you own?
I'm just curious to know how many FOFU shares do people own. I've started to slowly grow my stake for the long term and I currently own (only) 200 000 shares. I feel like getting more would be a wise thing to do but for some reason I'm still hesitating.
What's your stake and are you going to get some more?