Vapor Group Inc (VPOR)

[ReservedRisk]

$VPOR CALLED IT! UP WE GO!

$VPOR now that consolidation has taken place, a PR is most likely in the works.. ;^)

Have a feeling it's going to be a GOOD 1.

Follow me and make $!

Vapor Group, Inc., VPOR, Announces Reduction in Quantity of Authorized Shares of Common Stock and Reduction in Debt
MIAMI, April 27, 2017 /PRNewswire/ --

Vapor Group, Inc. (OTC Pink: VPOR), ("Company"), announced today that its Board of Directors has approved a reduction in the Company's quantity of authorized common stock from fifteen billion to eight billion shares. The primary reason for this reduction was the Company's settlement or paydown of several convertible promissory notes reducing the overall debt owed to noteholders. Such notes frequently require the borrower to reserve large quantities of shares for debt to equity conversions over time.

Dror Svorai, President of Vapor Group, stated, "We have long been concerned about the amount of debt we have been carrying and the associated large quantity of authorized shares of common stock that we were required to reserve for it. We are delighted to announce that by reducing this debt significantly, we are now able to reduce our authorized common stock from fifteen billion shares to eight billion - cutting it almost in half. Importantly, this change represents a reduction in the potential for the ongoing dilution of our shareholders while simultaneously improving our overall financial strength."