Been meaning to get around posting on here for a while now. Everything I say is my opinion so feel free to add any important information that I missed.
Hey everyone, just one of the lurkers here ready to please both the bulls and the bears in this public forum. A bit about me, I started buying into this stock when it was at 3$ and have lost a lot of money. However, I'm still very hopeful for this company and I believe that VAPE Holdings has a lot of potential of becoming a great company somewhere in the future. So let's talk about it.
First of all, I'm going to list a lot of my concerns with this company. I want to do this because there are many things you need to pay attention to in OTC stocks. My first concern is that VAPE Holdings has repeatedly fail to deliver. The biggest example I can think of is Hive Glass, which was supposed to be launched in December. However, it wasn't launched until recently, many months later. To you bullish investor, I want you to ask yourself; "how many times will you let Kyle Tracey and the rest of the VAPE team opportunities to disappoint you?" and "What reasons does VAPE have for not sticking to their schedule?". My second concern is that Kyle Tracey and his team has give themselves bonuses, around 100,000 additional shares each. At this current time, the value of those 100,000 stocks is worth roughly 60,000$. While I do think that using shares to pay everyone is a good idea, why are these insiders giving themselves large bonuses worth the same value as their annual earning? And finally, I'm concerned about earning. VAPE is roughly making $300,000 dollars a quarter, which roughly translate to $1.2 million a year. Despite the fact that HIVE has launched new products, profit does not seem to be rising. Other shareholders, are you concerned?
Now, let's talk about why I'm still in this stock. First of all, Warren Buffet once said "If you like a product, you should invest in it." While I do not use their products, I can clearly see a large amount of people are using it. Great reviews from a lot of people, huge instagram follower base, and many tweets with the hashtag #HiveCeramic. To the bears, I ask you to think "How much is an entire type of D-Nails worth?" Another question I would like you to ask yourself: "Is there a future for this company?" From my studies, yes. Currently only 2 states have legalized recreational marijuana. We have 48 more states. And then you have to think about how dabbing is not popular on the East Coast yet. There's a future in this. And finally, ask yourself "If an individual investor was able to invest 2 million dollars into this company, why shouldn't I?"
I hope you can all add onto these questions, from both sides. A lot of your post contain good information but I feel like I'm in a room with pumpers and bashers. I'll like to thank the individuals who post interesting facts. Also, if you speak to Hayden IR, pls stop saying you did because I don't trust you at all. If people wanted to know something, we should all just called IR ourselves.
