Vapor Group Inc (VPOR)

[Topchef]

The 500 investor rule:
A SEC stipulation requiring a company that exceeds 500 individual investors with more than $10 million in assets to file its financials with the Securities & Exchange Commission. According to SEC rules, such a company has 120 days following the end of their fiscal year's end to file. If the data on the website is correct 744 investors claim they own VPOR shares.

The 500 investor rule is a key threshold for private businesses which do not wish to disclose financial information for public consumption.

If VPOR has achieved 10 million in sales they will have to file with the SEC under this rule or face penalty. I am not sure if they got to 10 million in the short time Easy Grinder was out in Q2, but who knows right now.