Vaporin Inc.(fka VAPO)

[derdav3]

yep, my eyes also went straight to the revenue line but:

they had 770k cash on sept 30th, on nov 7th they have 330k cash.. and tell us now they have to raise cash - on our last quarter I believe they said they don't have to raise... If you were in the management, how would you handle cash? Would you accept such a ridiculous burn rate? (Additionally they hired this nonsense penny promoter...)

Also: Vapor Corp merger is IMO only good because we get such a big piece of the pie, but looking at their financials... not investable at this point.

I'm still long, but not as confident as before