Vape Holdings Inc. (fka VAPE)

[fisher5]

Non-assessable does not mean that it can't be sold. It means that the issuer cannot require additional levies or investments from the shareholder. "Fully paid and non-assessable" basically means no strings attached for the recipient. Both the 1/3/14 and 1/14/14 8K's had this language.

I wish the 8K gave additional information on the restricted stock. My understanding of a restricted stock is that it is restricted until it vests. The notion of a restricted stock that vests immediately doesn't make much sense to me. I believe the vesting requirement is what makes it restricted. If there are other restrictions on what can be traded after vesting has occurred, disclosure in the 8K would have been nice.

Again, I'm not bailing yet. I will wait for news and hope this bounces back.