diannedawn, thanks for demonstrating that civil conversations between differing opinion-holders really can be done here. I do agree with the underlying premise of your theme, namely that it is a red flag if a company deals with Shysters like Fife and Friends (just in case, Shyster is a proper Yiddish term, not to be confused with Shylocks which has taken on an anti-Semitic overtone over the years). I believe that the red flag becomes somewhat less red when the amounts involved are limited, as I would assert the case to be with Vapor Hub.
While there has yet been no dilution (and certainly the Gotama conversion at 15 cents per share is quite the opposite of dilution), at some point in time the company will/can no longer engage in the rolling over of debt. It is reasonably transparent that, while the company has paid all installments of all debt with cash, that cash has in effect come from taking on "replacement (and more) debt."
Sooner preferably and later essentially, the company will need to prove that it can reach sales volume levels which will sustain a profit. If it achieves that, I would believe that the stock will do very well, even if there is some dilution should some old debt be replaced by new equity. If it doesn't do that, one of two outcomes will ensue - either it will go out of business, or through the quality of its products it will become an attractive acquisition candidate that might have a good auction for its buyout price.
We'll pick this up later on, or maybe sooner if either your further digging into the 10K or my own occasional leisure reading takes us there. Until then, in between your laughs while rolling on the floor, it actually may serve you well to keep an open mind when interacting with the more fervent bulls on this board; I've learned a lot from them over the course of the months.
