The reason why there are no revenues or current assets is because vape literally just came into existence over the last couple of months. You are witnessing the "birth" of a company. Have you seen their website? www.vapeholdings.com It is obvious that there is a well thought out business plan behind this company that they are actively executing. The reason why the stock price is up is because they are already looking like one of the most squared away companies in an industry that is about to explode. This is with only a handful of people that even know this stock exists... but more are finding out everyday and that is why the price is going up.
With vape taking over the PLPE "shell company" they are starting out with a clean capital structure. How many other penny stocks can claim that?
After phot's last round of dilution how many share's are there outstanding? They are looking at right about one billion shares outstanding.
How many shares does vape have outstanding? 62 million
To get to a share price of $1.00, phot would have a market cap of 1 billion dollars!
At a share price of $1.00, plpe would have a market cap of 62 million dollars.
Look at the valuation of mcig... 44 million dollars! For nothing.
Which stock do you think is going to hit $1.00 first. I cashed out of phot and put my profits behind plpe.
Sterling and his management group have done well but you have to admit they have made their mistakes. Their stake in growlife is getting diluted just as much as the shareholders! I can see why Kyle Tracy wants to get out now. He can see the writing on the wall. The Growlife team has had a lot of "on the job training" the last year or so with phot. I think with their refined talents and the connections they have made with phot in the industry they are prepared to get it right, right from the start with vape.
Words of caution: Buying into any penny stock is risky. Due to the limited information currently available, buying into vape is even riskier. Especially until more information is released. But as you all know... the greater the risk, the greater the potential reward.
