Monday, December 01, 2014 4:06:04 PM
Do I think VPOR is a scam? Absolutely not, it's a growing business with great revenues and it will succeed. Do I think Dror is looking out for shareholder interest? Probably not. There clearly is dilution going on and it doesn't seem Dror cares. He hasn't paid any substantial debt off with cash, AND he's letting debt convert at $0.001/share!
I emailed Dror last week asking two simple things.
1. How can VPOR be debt free in 2015 when the business is cash flow negative? Are you planning to let the $3.6 million in debt convert to common shares? I wouldn't have any problem converting that debt if we were at $0.1/share, but down here at $0.006 we're going to get slaughtered.
2. Why haven't you paid the debt notes that convert at $0.001/share? VPOR has more than enough cash to pay these small number of notes off. Instead you're letting small debt holders convert at a fraction of current market price.
I've yet to get a response.
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