Vapor Group Inc (VPOR)

[CashBowski]

Couple of points. I'm not exactly sure what your point is about the preferred shares, and I don't know if you realize that they don't divest automatically when they come off restriction.

So to say "they'll convert in October" is a false narrative when you don't know how or to whom those shares are allocated. Most importantly the fact that they reduced the Authorized shares to 8B doesn't support your theory since if they were converted, then there wouldn't be enough shares to preserve the capital structure in regards to anti-takeover provisions.

Second, when the OS increased from 4.2 to 5 in 10 days, the volume didn't support the theory that there was dilution since those shares would've had to have been dumped into the market, hence we would've shown around 1.5b in volume in that span of time (10 days), when in fact we only registered ~450 or so in trading.

This leads me to believe that there was a restricted share exchange with a QIB for an acquisition. Possibly they purchased the new company for the spin-off or some other form of a purchase. It could've been the factory but I don't think so, because I believe the first 200m shares that were added (from ~4B to 4.2B OS) was for that purpose and this is something entirely different that will be revealed hopefully in the near future.