Exactly, what I have been saying for weeks.
What we know: Svorai and Nahon finally captured the golden goose that lays the golden egg, the Easy Grinder. How they obtained control and ownership from the inventor, is still yet to be determined.
On 12/12/16, Dror Svorai filed with the state of Florida's Secretary of State, incorporating a company known as EZ Grinder, Inc. Dror Svorai is the one and only listed officer of this corporation. EZ Grinder, Inc. owns the trademark, 'Easy Grinder' and claims patent pending's for U.S. and foreign countries.
In January of this year, the Easy Grinder was introduced to the public at a trade show in Los Angeles.
Total Vapor, Inc., a subsidiary of Vapor Group, Inc. was chosen as the exclusive worldwide distributor for the Easy Grinder.
With Total Vapor's promotions and displays at various trade shows and locking up contracts with several distributors, the Easy Grinder has and continues to be a very popular item. In all probability, funding for the production, promotions and the factory set up in China to produce the Easy Grinders, came from the Vapor Group Inc.'s resources.
At the end of June, this year, Svorai resigned as an officer of Vapor Group and Total Vapor. There can be several reasons for this, to avoid a conflict of interest if Svorai sells EZ Grinder, Inc. to Vapor Group, Inc. or perhaps a merger between the two companies. Another possibility is that EZ Grinder will buy a public shell company in order for Dror to retain a public company to continue the sale of Easy Grinder. A buyout of EZ Grinder by a third party, is not out of the question either.
What to expect: Vpor stock will tank this week due to panic selling. Probably will stay that way for weeks. I'm not selling, I will probably buy more stock if an announcement of a merger or buyout of EZ Grinder happens.
This is in my opinion only and in no way advice as to anyone's investment decisions, concerning Vapor Group, In. $VPOR
