Vapor Group Inc (VPOR)

[Tony_the_Tiger_1973]

Let's spend some time analyzing the recent events to possibly reconcile where we are with debt.

Firstly the new OS is 8B from one of the 8k's. Great! We know from the preferred shares that they must hold 1.8B in treasury on top of current OS. This comes from 1M preferred shares x value of 1800 common. These are locked up, mind you.

Assuming current OS is about 3.6B... We can account for 5.4B shares.

Let's assume 750M is a strategic cushion for when it's all said and done... So that's 6.15B... Leaving 1.85B in conversion reserves. Some will convert and most of it wont. Dror said that typically these reserves are set by the lenders with the assumption that market price will be at 15-20% of what it is currently. So they only need 1/5 of whatever they're saying they need in practice.

That means that realistically they only need about 275-375M shares to convert. At .001 this adds up to $275k-$375k in debt left....

The numbers are there... Just have to piece it together. Thinking debt free will occur around 4B OS and the AS will eventually be dropped to between 6B and 7B.

Trading at 1x sales of $8m at 4B shares is still .002. And we are at .0009 now???

That's a 100%+ gain guaranteed from this level.

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