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Re: None

Thursday, 02/18/2016 11:12:48 PM

Thursday, February 18, 2016 11:12:48 PM

Post# of 62154
Important point everyone seems to be missing: VPCO stated in release yesterday "they no longer meet the equity conditions required to issue company stock". "Therefore, the company can NO LONGER ISSUE STOCK in lieu of cash". Technically, the warrant holders only agreed not to "request" conversion since they wouldn't get shares, company would be forced to pay cash, & they have nowhere near enough!

They are trying to get OTCQX or QB status by April 15. They WILL do the 1-70 RS & I would say it could come ANY TIME.

No idea what they could had offered to prevent a run for the cash?

I requested conversion today before I read the details. TDA didn't know squat. Very unlikely I get shares? Maybe cash but I sure won't put a dent in their $28 million on hand. Had I made the request 2 days ago I would have received millions of shares. Oh well...

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