Vapor Group Inc (VPOR)

[hempbutter]

True, VAPE is a great example for O/S. They took over a shell and they were issued restricted stock (In consideration for the merger, the shareholders of the Company received a total of 187,381,500 shares of common stock of PeopleString on a pro rata basis in exchange for 355,000 shares of the Company’s common stock, representing 100% of the outstanding common stock of the Company. Form 8-KA December 16)
PLPE had 62,618,500 + for vape 187,381,483 = 249,999,983
249,999,983 after a 1:40 R/S would mean an O/S of 6,250,000 shares. But, the O/S is still 1,565,463.
They did a 1:40 R/S... well VAPE O/S is still 1.5M after the R/S and the 187M shares issued are still unregistered. The O/S wasn't changed by the 187M unregistered restricted stock. 62,618,500 divided by 40 = 1,565,463
http://www.otcmarkets.com/stock/VAPE/company-info