First, my apologies to White Lightning for not getting back earlier to his post. I take off for the Jewish Sabbath, and as while I am very committed to this board as you (dc key) have been kind enough to mention, it takes a back seat for 25 hours weekly. FWIW, the only time in my nearly three years here that I've wondered why I'm here was when I was pointing out that VHUB could force Gotama to convert their loan into shares at a contractual 15 cent price, and I was piled on for even imagining that any lender could have been that dumb for letting the conversion option be the debtor's rather than the creditor's. Why the Gotama matter is important at this time is that if the PLY transaction needs to go to a shareholders'' vote, and Gotama still has their something like 400,000 shares, it would be interesting to see (though we'll never know) how they're voting.
Second, your response is better than anything I might be able to cobble together. The last time I was personally involved in investing was back in the 1980's, and that was on a very small scale. I'm active on this board because this an enjoyable place for me to be in retirement and I've been fascinated by VHUB ever since I was getting boiler-room calls and e-mails about the company during Spring 2014 and was curious how long it would take for the stock to tank. In the end, Kyle and friends won my respect, as in my own long, now ended for four years, career the least inclination of mine would have been to become entrepreneurial.
Third, if the transaction is, as was advertised on December 30, an asset acquisition, there will be, I believe, either a "termination dividend" from VHUB representing the cash that's left after paying liabilities, followed by a formal liquidation of the company (or maybe the re-use of the shell to fashion a reverse merger for PLY so that they can escape their LLC status and go public) or there'll just be a pure liquidation and distribution of cash to shareholders. In the second scenario, the reverse merger possibility drops out of the picture.
Fourth, it may be the case that the real value-added of PLY's takeover of VHUB is that the concentration of sales will become foreign-centered more quickly, thus mooting the issues with FDA - though I think that President Trump's deregulation posture means only good things for the vaping industry.
So, I hope that there is sufficient quality in the post that my delay in response will be excused. I believe that the new week is going to be an interesting one, i.e. a good one for the shareholder community here. The one thing that makes me a little nervous is why PLY hasn't been snapping up all the shares that it can, even to the point of needing to file an 8K for crossing the 5% line of demarcation.
All comments are welcomed - don't confuse my writing reasonably well, albeit on the excessive side, with having all (some? any?) of the right answers. Something, not yet published on this board, must be a valid explanation for how the market-makers and PLY have acted since December 30, as I can't come up with any reason why VHUB, based on sales and earnings history even without regard to PLY's intentions, shouldn't be selling for over five cents already (i.e. valuing the company as a whole at say $5 million, given 90 million issued and outstanding shares.
