Thursday, August 11, 2016 11:08:54 AM
#1 The product lines he took are the weakest product lines these guys had in store. VaporX has been plagued by countless retailers returning products because vapor offered them a sales guarantee "which was stupid". something like 1.7 million or so of inventory(dont quote me on that number exactly) was sent back to these guys and the only thing they could do was try to pawn it back off to another store. To top it all off the effectiveness of most of the devices and the quality of the liquids were pretty low so new vapors tend to not buy these crap machines.
#2. Kevin was not CEO at time of the warrants. Kevin was gone prior to Brauser being CEO and it was his screwed up team of Brauser, Bal, Frost, Swayman, Daddy Brauser, and James Martin.
On another side note: from the remainder of what the company has in/ or had in their profile the two biggest things would have been "the vape store" retail stores along with the "Naked Fish" Premium eliquid line. and lets analyze those.
-The Vape Store Chain has effectively shut down countless store in their "brand new" Orlando Market.
-Failed to meet expected quota of 30-40 stores like promised
-"Fresh Juice" Concept/Model of Manufacturing liquids to order in stores will not meet FDA guidelines. So Model is broken.
-Vapor Corp Paid for The Vape Store Chain to R&D a new Premium juice line with profits at wholesale costs being somewhere around 300% however somehow this was sent over to Liquid Science in California (a.k.a Chromadex) last good known number 949-632-1981.
List goes on and on. Know who your investing in.
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