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Wednesday, August 03, 2016 10:54:37 AM
This appears to be correct. A sale (of older and quite possibly the brands he started) to buy his 28%. All these brands were becoming weak anyways as the industry leaders seem to be designing "closed" systems to cope with FDA regulations. Many of these brands already had had their website shut down for 3+ months. In addition these brands took many hard hits from the products not selling and the store owners returning somewhere close to $1.4 million+ of inventory because VPCO offered them a sales guarantee.
On a side note:
VPCO successfully created the naked fish line in house in June'ish of 2015 and gave this to Liquid Science (a.k.a. Chromadex) a california Based company with ties to Dr Frost and nothing do do with VPCO stock.
VPCO has also shut down atleast 4 of its 6 orlando based "The Vape Store" stores.
VPCO's Fresh juice model (The Vape Store Chain) does not work with the new FDA regulations as all juice will need to be prebottled and not manufactured in store.
This company is simply Bleeding to death with a model that is setup for failure.
Someone please tell me where the value is here?
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