Vapor Group Inc (VPOR)

[PIGEON RIVER PROSPECTIN,TN]

Do you have a link? lemme find for you my old DD

3. Magna - VPOR's principle lender

Magna and VPOR revised the April convertible notes--conversion price is no longer fixed at 15c (makes no sense for Magna) but is 30% discount lowest market with a 5 day look back. Compare this to the typical 60% discount to market with a 15 day look back and you will see that Magna's notes are not as toxic as people think and this lender to $VPOR is more friendly than it usually is to other issuers.

Also on the date that the April notes were revised, $VPOR also prepaid a part of a note. I expect this pattern to continue and more lenders will give financing to $VPOR based on the revenue growth it will have and the fact that we're looking at sustainable growth