IVG really isn't that great of a company. Aside from poor financials, the stock is up 5,000% in one year. THAT IS NOT NORMAL! The only reason that it is up so high is because of VPCO planning to buy them out and assuming their debt. Unfortunately without VPCO, they revert back to being a bankrupt company.
Buying IVG will probably increase profits, but it's also going to increase debts, which isn't inherently bad, debs will grow as profits grow. In this case I don't believe that VPCO is really getting a whole lot for their money, but they don't really have a choice, they NEED to start expanding or they'll get squished out of the market. So I think the IVG deal will go through, not because it's a great deal, but because VPCO needs it to stay off life support.
VPCO can totally pull this off, they can turn IVG around, they can turn themselves around, and they can hit profits (although don't count on profit the 3rd quarter, anything these new stores make will all be pushed to 4Q/year end). The main problem is that brings us 6 more months away before VPCO sees profit, and probably another year before the changes happening now are truly reflected in all their glory in the Quarterly financial reports. A lot can change in that time, especially in a growing industry like this one. If you believe in this company,stay strong, but be prepared to stay long, otherwise I highly recommend people reconsider the short term future. VPCO is NOT going bankrupt, but they are shrinking, and all signs point to a continued shrinkage for the next few months. The stock price is going to reflect this... so you know, just be prepared to deal with that.
I got out in May. I don't believe the IVG acquisition will raise the price. Most people who take a serious look at this company can tell that it's going to happen, and the current price IS ASSUMING MERGER. Good news will not change the price a whole lot at this point. I think your best bet is to exit the stock for now, and buy back around Q3 (probably a day or two after).
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