I still have a difficult time regarding the "standstill". Like I have said, up until a couple weeks ago I held 6,500 warrants. I was never contacted by anyone regarding anything about them. I realize that is a very small amount and maybe a small group of investors hold the majority?
They never 8k'ed whatever they supposedly offered for people to standstill. I think it was more like "hey guys, as soon as we get kicked off Nasdaq to Pink, you won't be able to convert". In other words, a "forced standstill". What could they have offered, that they didn't offer me, that didn't need an 8k?
Also, I discovered they don't even know who the people are holding warrants in "street name"! The only way they could have come close to the "100%" they alleged they were going for would have been to contact ALL brokers and have them contact their clients.
They also changed the rules a bit regarding the exercise of warrants. I had a standing request in from the day they originally halted conversion. The day after they hit QB, I called TDA to find out if my previous request was still pending. Answer was "no", but before they could re-submit my request, Vapor wanted my name & account number, which TDA does not forward without permission. (new rule #1 and keep in mind nobody contacted ME about the new rule and the company never published it either.) I said "yes", but also wanted confirmation what date would be used now when I re-submit? The standard rule was shares that you get are based on closing pps two days prior to request date but I wanted confirmation of my date due to prior/pending request. So TDA gets back to me & says "ok, your request has been submitted and shares will be based on 2 days ago". The pps 2 days prior was .07 cents and that was when price was diving every day. I said "cancel my request". All of this took place over a couple hours. The "old rule" was you could cancel a request within 24 hours of making it. New rule #2 is "no cancellations once submitted. It took 4 days to get my shares so by the time I got the shares I paid .07 for they were trading at about .02 cents which resulted in a net below what I paid for the units, f me!
