Vapor Group Inc (VPOR)

[rolvram]

Less than a year ago they reduced AS from 2 to 1b:

DAVIE, FL / ACCESSWIRE / September 2, 2014 / Vapor Group, Inc. (VPOR), (the "Company"), announced that the total number of common shares issuable to management have been reduced to 450,000,000 from 750,000,000. These shares are not issuable until July 22, 2015. Under the terms of the merger agreement of January 22, 2014, Vapor Group, Inc. originally was to issue 750,000,000 shares of restricted common stock, but as the result of a subsequent agreement between the shareholders and the Company, the Company has issued 250,000 shares of convertible Series B preferred stock, which, if ever fully converted, would result in 450,000,000 shares of restricted common stock, down from the original 750,000,000 shares that were to be issued per the merger. Over time this reduces potential dilution from conversion of the preferred stock by 300,000,000 shares. Moreover, under the agreement, the convertible preferred stock cannot be converted until after July 22, 2015.

The Company’s total number of shares of authorized common stock have been reduced to 1,000,000,000 (1 billion) shares from 2,000,000,000 (2 billion) on July 22, 2014.

CEO Dror Svorai said, "This reduction of shares is just another step in providing exceptional shareholder value for our stakeholders. This move will protect shareholders from future dilution as The Company continues to progress on its business plan."