Vapor Group Inc (VPOR)

[capitalkid]

Ownership & Share Structure

Can somebody breakdown the 270 MM shares of common outstanding by ownership?

To me, it looks like Dror owns 165 MM of that 270 MM, along with some preferred stock, which grants him controlling interest.

However, who owns the other 105 MM of common? Is it just whomever was lucky enough to be holding onto the shares when Dror initially bought the 165 MM shares?

Hasn't that screwed Dror out of ~40% ownership of the company?


Is there any way this is going to come back and bite existing shareholders?

I've been accumulating, b/c it looks like this company is going to be generating some serious cash in the coming quarters. However, I'm a bit nervous ... I don't want Dror waking up one day and deciding he screwed himself and then doing a reverse split followed by massive dilution.

I hope I'm misreading the details, or somehow don't correctly understand the full picture here.

I can't wait to be a significant holder here!