VaporBrands International Inc (VAPR)

[mfitrader]

They could be in tremendous debt. In the last year and a half, they claim they have paid off $3 million in debt with $16 million in revenue the last two years. Yet they still claim they have about the same profitability they had in 2004 and 2005, when they made no claims of paying off debt and had about the same revenue as 2006 snd 2007. The president of the company says he has no idea how much debt the company has on its books, because he has never seen them and takes whatever the company tells him at face value. This is after KNOWING they have made false claims about owning a power plant, mining vanadium, and having tens of millions of dollars in contracts that were "works-in-progress" that they did not show in their backlog and just disappeared.