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Wow. When talking about a stock that is sub 0.01 I believe the only way to go is up right? Sure wisdom right here, straight from wall street. Unfortunately the only place this stock is headed is Chap 11. So get in while you can!
Rinse and Repeat.
News: These guys are not completely out of the Ecig industry. They still have numerous stores. They sold the wholesale side of the business to VPR Brands for pennies on the dollar.
They "sold" or as my opinion likes to say "relocated" their juice making assets to Chromadex a.k.a. Liquid Science in California again for pennies on the dollar.
Stores: Yes I had mentioned that they still had numerous Retail locations left for the time being. It funny to actually hear the news though that these stores will not renewing their leases, most which are coming due here soon. Their Employee Kevin Flemming (friend of the Brauser Family, who you though was gone) is quite open about that while he was in route to shutting down another store of theirs.
Conclusion: Only thing left in this Bank is Ada's Natural Market which is 1 store currently. Waiting for SEC to put all the pieces together on this one.
VPCO should still own 5 stores in the Southwest Florida Area as well as Tenn and Georgia but their whole warehouse and online store is gone and sold to VPCO. may want to recheck this.
EX-CEO Greg Brauser and his Minion Brandon Bal seem to have started a new company. http://talynt.co/
In my opinion these clowns have moved all the assets out of VPCO and over to other companies. Liquid recipes and production of liquids to Liquid Science a.k.a. owned by Chromadex (another Dr. Frost investment), the wholesale business and Kevin Frija a.k.a VPR Brands, invested in a Grocery Store and left The Vape Store Chains to rot. I mean look at their Facebook for them. They haven't posted anything since April.
probably either the CEO or some clueless new investor
Welcome to the "We lose all our money by wasting it on this stock" Club. Yes as previously stated the big spikes were RS's. This is a dead ship. Sell as fast as you can and never look back!
This is the one and only time your girlfriend burning the toast is a great thing.
As per the last filing. Nice to see your 600% profit margins going out the door to make 50% in return.
"During 2015, the Company purchased, at rates comparable to market rates, e-liquids sold in its vape retail stores and wholesale operations, respectively from Liquid Science, Inc., a company in which Jeffrey Holman (the Company’s Chief Executive Officer), Gregory Brauser (the Company’s former President) and Michael Brauser each had a beneficial ownership interest. During the six months ended June 30, 2016, the Company made approximately $168,200 or 48% of its purchases of e-liquid from Liquid Science for its wholesale, online and vape retail store operations, which purchases equaled approximately $353,000 in the aggregate. The Company did not make any purchases from Liquid Science during the six months ended June 30, 2015. Jeffrey Holman sold his ownership interest in Liquid Science, Inc. in April 2016. During 2016, the Company received royalty income from Liquid Science pursuant to the terms of a royalty agreement; approximately $52,000 received during the three months ended March 31, 2016 and $42,000 of royalty income received subsequent to June 30, 2016. Pursuant to the royalty agreement between the Company and Liquid Science, as consideration for use of a Company trademark, Liquid science would pay a 15% royalty on sales of licensed products sold directly to consumers. The royalty revenue was recorded when received. On July 21, 2016, Liquid Science entered into an asset purchase and license agreement with the Company, whereby the Company irrevocably sold, assigned, transferred, certain trademark, intellectual property, formulations, technology and granted rights to sell and distribute certain brand named products internationally. In conjunction with the sale, the royalty agreement between the Company and Liquid Science was terminated."
I believe the warrants were all issued by the Brauser team as a way to grow the business post vaporin/Vapor Corp Merger. Selling this doesnt help vapor corp in any way but to cut some bleeding losses. I believe that this is a pay off to frija to prevent a hostile takeover possibly. These brands could have been started back when he was CEO that is why he may still have interest in these. Either way neither of these companies are worth investing in because IMO Frija doesn't have anything innovative or unique to the vapor industry besides the helium juice line he is working on which is going to have a hard time establishing a market share this late in the game and VPCO is run by juveniles. This thread just peeks my interest.
you guys are acting like this is a big thing for Kevin. Its not.
#1 The product lines he took are the weakest product lines these guys had in store. VaporX has been plagued by countless retailers returning products because vapor offered them a sales guarantee "which was stupid". something like 1.7 million or so of inventory(dont quote me on that number exactly) was sent back to these guys and the only thing they could do was try to pawn it back off to another store. To top it all off the effectiveness of most of the devices and the quality of the liquids were pretty low so new vapors tend to not buy these crap machines.
#2. Kevin was not CEO at time of the warrants. Kevin was gone prior to Brauser being CEO and it was his screwed up team of Brauser, Bal, Frost, Swayman, Daddy Brauser, and James Martin.
On another side note: from the remainder of what the company has in/ or had in their profile the two biggest things would have been "the vape store" retail stores along with the "Naked Fish" Premium eliquid line. and lets analyze those.
-The Vape Store Chain has effectively shut down countless store in their "brand new" Orlando Market.
-Failed to meet expected quota of 30-40 stores like promised
-"Fresh Juice" Concept/Model of Manufacturing liquids to order in stores will not meet FDA guidelines. So Model is broken.
-Vapor Corp Paid for The Vape Store Chain to R&D a new Premium juice line with profits at wholesale costs being somewhere around 300% however somehow this was sent over to Liquid Science in California (a.k.a Chromadex) last good known number 949-632-1981.
List goes on and on. Know who your investing in.
more like Good Morning Vietnam!
Store is still in business(for the time being). 1 store operation.
VPCO is still holding onto the "the vape store" chain but since their model is screwed with their "fresh juice" plan everything proven thus far with sales from these is null and void as 75% of their profit is kissed goodbye as prebottled juice come in the door with 50% margins and the 300%+ profit margin juice manufactured in store goes out.
Now comes time to stock their stores with new liquids in prebottled form. So they paid for R&D for naked fish in house and then set it to Liquid Science LLC (a.k.a Chromadex). So The Vape Store then purchases from them and then resells it. Ever wonder where the money is going now? yeah to Chromadex not to the common VPCO stock holder.
take a peek at Scott Frohman's Linked In acct. As you see he now runs naked fish/liquid Science a Chromaxdex brand. Oh wait I see he used to be CEO of Vaporin.... that company that was bought by Vapor Corp 2 years ago.
see the connection now....
This company could have made tons more money since the merger of Vaporin/Vapor Corp 2 years ago, but has opted to follow this strange path.
Just Saying.... IMO
In My Opinion...
This appears to be correct. A sale (of older and quite possibly the brands he started) to buy his 28%. All these brands were becoming weak anyways as the industry leaders seem to be designing "closed" systems to cope with FDA regulations. Many of these brands already had had their website shut down for 3+ months. In addition these brands took many hard hits from the products not selling and the store owners returning somewhere close to $1.4 million+ of inventory because VPCO offered them a sales guarantee.
On a side note:
VPCO successfully created the naked fish line in house in June'ish of 2015 and gave this to Liquid Science (a.k.a. Chromadex) a california Based company with ties to Dr Frost and nothing do do with VPCO stock.
VPCO has also shut down atleast 4 of its 6 orlando based "The Vape Store" stores.
VPCO's Fresh juice model (The Vape Store Chain) does not work with the new FDA regulations as all juice will need to be prebottled and not manufactured in store.
This company is simply Bleeding to death with a model that is setup for failure.
Someone please tell me where the value is here?
VPCO Shuts down 4 Retail stores in the Orlando Area. So much for having multiple new locations. from 5 or 6 locations to 1 or 2. See your hard earned money at work.
Just look at these happy customers finding out their store has just vanished.
https://www.facebook.com/The-Vape-Store-Apopka-806554249419444/posts_to_page/
Two eyes are my facts there keyboard warrior.
I find it quite funny that Brandon Leidel(owner of Vapor Shark and 30 stores in East Miami Area) was spotted by locals in the fort Lauderdale area at the VPCO HQ.
SHOULD YOU SELL YOUR STORES TODAY OR TOMORROW?
Dr. Frost, Jeffery Holman, Scott Frohman, Brandon Bal, Greg Brauser and Dad in my opinion are all smoking that crack rock. Sizzle...... Watch this stock go up in flames.
World Vapor Expo tommorrow in Miami Beach. Local investors should go ask this company what gives. They will be there under the Naked Fish Juice Line. Maybe Scott Frohman or Jeffery will be there displaying their "fine" product.
10 cents. Simply Wow. I feel bad for all of you that lost money on this one. These guys must be smoking that good stuff in their offices in Ft Launderdale.
0.01 by EOD
dont forget the last quarterly report down at the bottom
"Industry Regulation
On May 9, 2016, the Food and Drug Administration (the "FDA") adopted regulations to include e-cigarettes, vaporizers, e-liquids under regulated tobacco products. The FDA will regulate e-vapor products, including requiring costly formal product approvals, limiting the manufacture and distribution of e-vapor products and could materially and adversely affect our existing retail and wholesale business. A consequence of the FDA's product approval process could result in the number of products available being limited. The FDA regulations and approval process could also make product development and manufacture cost prohibitive for the Company. Additionally, a reduction in available e-vapor products would diminish the need for our dedicated retail stores."
Bahahahahahaha, These guys bought a f'in grocery store! This should tell you very quickly on how confident they are in their awesome "the vape store" model. Flush those shares down the drain! Drain Clogged? Come get a bottle of Liquid Plumber Organic Blend found on Aisle 3.
Whelp there goes all your retail profit.......
"On May 9, 2016, the Food and Drug Administration (the "FDA") adopted regulations to include e-cigarettes, vaporizers, e-liquids under regulated tobacco products. The FDA will regulate e-vapor products, including requiring costly formal product approvals, limiting the manufacture and distribution of e-vapor products and could materially and adversely affect our existing retail and wholesale business. A consequence of the FDA's product approval process could result in the number of products available being limited. The FDA regulations and approval process could also make product development and manufacture cost prohibitive for the Company. Additionally, a reduction in available e-vapor products would diminish the need for our dedicated retail stores."
nice copy an paste from wiki but that did not answer the question.
sounds to me like you are an expert at this sir, what levels of DA/AP are considered "safe" in ppm for an e-liquid?
you do understand that you just classified 100% of the flavorings on the market into 1 stereotypical form. From the sounds of it maybe you need to do a little more research on how much DA is in some of the flavorings.
well popcorn lung is real, its not a joke. but its not as bad as media says. With the proper testing as per FDA regs popcorn lung shouldnt be a problem because manufacturers will have to report their ingredients and most flavor vendors are decreasing the ingredients that cause these problems. however the real test is the testing and the clical trials apart from the popcorn lung issue. It will take much more of the investors $ to make this happen.
The popcorn lung epidemic is over with for the most part. The part the VPCO will have problems with currently, is the fact that the FDA has now set a bunch of "deeming rules" last week. Last time I checked these guys had over 200 Flavors in house, and offering a vast amount of nicotine levels. You may ask what the problem is with that? Well if you go ahead and read the deeming regulations correctly, every formulation, this means 1 flavor and 1 nicotine level must be tested resulting in large amounts of testing and possible clinical trials to prove the safety of their liquids. Now to pair that with having 6 or 7 different nicotine levels for each flavor and 200 flavors, well 200(flavors) x 7(nic levels) x Amount X(testing/trials/submissions) = Many Millions. Couple this with the roughly as someone calculated on here yesterday or day before the 75 mil owed to warrant holders. Sounds like a disaster.
Stores did 4.2 Mil last year according the fiscal report, Wholesale revenue has decreased CY2015 year 60% roughly due to the lack of "cig-alike"(smaller ecigs that are same size to cigs, like VUSE you would see in 7-11), not to mention the 1-2 million in old products that are sitting stagnant in their warehouse prolly. On top of that these guys dumped money into a cig-alike patent which infringes upon someone else's designs so lets just keep paying out of pocket to even another company for a obsolete product. To add icing to the cake the business model they currently have wont even support FDA regs due to the "custom blending" they try to do in each store, so time to do a complete overhaul on the business model of their "the vape stores" There are many more stores/manufacturers that will be FDA compliant way before these guys.