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I think if you temper it down to 2-3 per share by 2018 I would be a supporter of this but 10 a share is a bit much. If they did a 2:1 RS in late 2017 then you might get that much a share.
Hopefully this week starts a upward trend. Then news of favorable terms followed by revs back close to 15 mill in August with still only 75 mill shares outstanding and then pepper in news releases throughout of new stores in the U.K. And other areas of Europe and we will see great value soon.
Hi honeycomb,
That may be true but do not confuse that with it being true debt. It just shows that for several quarters they have only lost money and not made net profits to pass on as a dividend.
Quote
"Considerations
An accumulated deficit does not necessarily mean a company is in financial trouble. There are some cases in which a business might have an accumulated deficit and still have a strong financial future. For example, a young, small business that has yet to generate a profit.
One period of profit could turn its accumulated deficit into positive retained earnings"
I can't help but think this is something more organized than just several small time private investors causing this abrupt rise in 3 straight days. Maybe MM are bored with the low value and decided to push it up for people like us to buy more or the board of directors managed to get someone to buttress the pps during this time with the expectation of it rising more.
July 7 is the term date for part of the debt. I would expect a PR before or on that date.
This pps is still way below fair value. 50 mill a year with 75 mill shares outstanding = 66 cents.
Hopefully after the PR we can get a correct value for this stock.
Chuck schwab has it up by 31% right now..... Amazing. Off no public news. This might be what the new IR firm has done to get bigger pockets invested in us.
Ok what the hell is going on! I'm super happy about it but I would like to know why.
Miguel and Dave rider are high level employees of VIP. They are invested but not for the huge amount calm waters is.
Porter family trust has asked questions on previous conference calls. That's interesting that Miguel corrall is a debt owner. From what I can see he is part of the group who is owed money. He did sell off VIP so it makes sense that he is owed some in addition to what VIP is still owed. That should show confidence. He is invested in the success of the company.
This is their response
Thanks for your email. As stated on the last quarterly conference call, management indicated they were working on the recap.
Once the recap is finalized there will be a news release with the results of these efforts.
Yeah about a week ago actually called and spoke to a gentleman over the phone and try to ask him some questions about the press releases not being done for the new kiosks and other things and he really was pretty tightlipped he kept saying that they're waiting for the new recapitalization to be completed before they can say much of anything
Maybe try emailing the investor relations group I just did myself let's see what they say.
ECIG@DennardLascar
I beat you to the punch this time
They still look like a company worth much me than 15 cents a share
The new store looks very nice. Not a kiosk.
https://mobile.twitter.com/vipcig/status/747472477656276993
You assume the worst. Cigs are already banned in the same manner and they still produce billions in revs each quarter in the U.K. . The ecig growth potential is still there. Also you should take note that our buying power increases since our funding starts as American dollars and we will lose less in the foreign dollar exchange rate due to britexit.
Meh, not as serious of a concern as you make the sound. Nothing legal has happened yet. Won't affect business ops
The other thing is how he could have exercised several million warrants when they were in range (low 20s) but didn't. Outstanding shares are so low and have stayed in the 75 mill range since sept of last year I believe. Provides confidence in building shareholder value and not just executives getting all the profit.
Great thoughts. Keep it up!
Another new flavor and this kiosk in London is new! Making moves
I'm only saying that they have to show legal cause to go bankrupt. Not being able to pay interest or the debt notes of 18 mill is not enough when you consider the yearly revenues. If the revenues were declining by a great deal then I can understand but 11.6 mill down from 15 mill is not enough to show good cause for defaulting. Plus the companies would be sold off to debt holders. Overall a terrible outcome. Even for calm waters. Not gonna happen.
You don't not understand bankruptcy law very well do you? Doesn't work that way.
I think it will but not till much later. First max out the OS and maybe even try to increase the AS. Once that's used up then they will do a RS. But that's 2 years or so I imagine given how little they dilute the shares
So how want is that now since the conference call? 3 or 4?
https://mobile.twitter.com/vipcig
Look at the new photos
I wonder about dilution but these prices are below the lowest exercise price of 0.21 therefore it can't be dilution, right??
Plus the share price before the last earnings report was above 0.21 and they still didn't dilute to help pay for cost. So why would it happen now?
Plus the volume is still way way too low for true dilution.
If you think it's dilution explain the exercise price conflict? They can dilutive if the price is below the exercise price right? Thanks.
Hooray! Lol an optimist. You must have just bought in recently. Good for you sir!
I agree.
You are silly. Slow down. Cut it out this the sky is falling junk. You don't know any better than us. If you are in USA then you are not realizing that VIP is the major player here. What is or is not on the shelf is not relevant. You can't walk in the store take a look at the shelf and make that kind of conclusion that they are somehow unable to stock the shelves.
Why don't you talk about the new kiosks and the new flavors and the new websites and the new CFO and the new marketer and explain how that is going on and yet you think somehow they might go bankrupt?
Also the new updates about a job fair in London and this landlord post that the other person showed us and explain that with your theories?
And then go on to explain how one lender owns the majority of the debt and how somehow he's gonna let it go to bankruptcy and maybe get 50% of his value.
You are being too simplistic. I agree with you though the stock sucks right now and I'm losing a lot of money because of it if you are to then maybe should try to be a little optimistic.
Yup. So basically they are looking to hire for a new kiosk in London? That's my take.
Thanks for keeping up informed! Keep them coming. It seems like London will get VIP kiosks. Landlord day and a hiring flyer back to back? They must be pushing for new spots within London.
Well maybe this is the start of an investor push. The new marketing chief in action? Again it's amazing how this debt and falling behind by 3 mill in revs have caused the freak out.
Yes yes I get it that they need to make more per quarter quickly but it's not so dire as many think. The 19 mill that come due in July and August is less than 25 percent of all the debt owed to strong. Get passed that and give them some spending money and the pps can turn easily.
VIP makes 32 mill a year and they do it in a cost controlled way. The ebitda was -1.4
They are getting very lean on cost and are so close to being in the black with business ops.
Can't wait for the restructuring to be announced so we can move forward and give shareholders some form of confidence of the debt situation.
Two kiosk openings, new vapestick flavors, three new raceway kiosks, now this cryptic Twitter post. Can't imagine this being a company that is sunk. Lol. 10cents...... It's silly.
Can someone let me know the email for Dan? Dan.oneill@ecig.com?
Why would he want to single handedly destroy his own investment ? Sure he may get some change from it but it won't bring back the 80 mill he is owed
I'll buy at 10 cents. For anyone to think some how that they will just go to 1 cent or belly up right now is silly. Think about it. Fair value is at least rounding up yearly revs of 50 million so even if you had 100 million shares out that's $.50 or if you had 200 million shares out that is still $.25
Idk. Check the 10-k. Devil in the details
What the heck are they suggesting with this post? Landlord day?
You have to do the math your self. 8 mill is from the uk. Leaves 3.7. Of that they said 1.5 is from online. And then the rest is USA sales.
Plenty of time to recover the pps. Wait for the June pr concerning the debt restructuring before getting very concerned.
You are being a bit over reactive. Yes they have a lot of warrants to cover but the main holder of them can't have more than 10 percent at any one point in time. They won't issue a RS until the current OS is used up at least to 50% of the AS. That situation is a long ways away. Not saying it won't happen but not just yet.
Overall Walmart accounted for very little. Of the 11.7, 8 was VIP and of the 3.7, 1.5 was gec online sales. So that leaves very little in revs for fin revs when considering you have to subtract for all other fin accounts and vapestick USA sales
The thing that's funny about this is one man has 80 million invested is not going to just refuse to negotiate and let that all go away. Even if he was to seize all their products and sell off the rights he would still get much less. The CEOs exercise price is $.75. The only debt that's an issue right now is the 19 million and then the monthly interest. I'm still very concerned but until we see the terms of the debt agreements for the recapitalization nothing is over. They are not here just to flip the stock like most of us are. Just like the poster showed they're having a career fair in the middle of all this opened up two more kiosks did a makeover at another boutique they also have three new kiosks that are going to open up for the race tracks in the UK which is great advertising and in the conference call they talked about someone traveling to Africa for expansion opportunities. If they really were sunk I don't see all that happening anymore. Looks to me like we just got to keep holding our breath until news of the refinancing. Someone with a lot of shares today just sold or several people who gave up on the company just sold today.
Thanks for looking into your crystal ball. As a moderator shouldn't you be more reserved and not just shoot off pps predictions? 22 cents...... You might as well use the zodiac or a pair of dice if you are gonna start behaving like this.