Replies to post #31862 on Vapor Group Inc (VPOR)

[AMJ1415]

Hahaha remember this post from last night?

[SooS416]

Ask and you shall receive, guess you should brush up on your reading

Vapor Group, Inc., VPOR, Announces Reduction in Quantity of Authorized Shares of Its Common Stock

Jul 24, 2014 (eTeligis.com via COMTEX) -- DAVIE, FL , United States, via eTeligis Inc., 07/24/2014 - - Vapor Group, Inc. (OTCQB: VPOR), (the "Company", "Vapor Group"), announced today that its Board of Directors had approved on July 22nd a reduction in the total number of authorized shares of its common stock from two (2) billion to one (1) billion shares.
Dror Svorai, President and CEO of the Company stated, "Several of our shareholders have expressed concern over the large number of shares of common stock that we could issue over time. We are delighted to announce that we have decided to immediately file an amendment to our Articles of Incorporation reducing the number of authorized shares of common stock to one (1) billion from two (2) billion that is, we are cutting it in half. Over time, we will re-evaluate the number of shares of common stock authorized, and if we can cut it further, we will. We believe that this change represents a reduction in the amount of dilution that can impact our shareholders."

He added, "This change also represents our continued review and evolution of our corporate structure and overall business strategies which is part of a major long term expansion of our business."

A

[Chefshut]

Thanks for the most non informative BS post of the day! Evidentially you don't know much!

[@WolfofWeedST]

Talk about ur all time back fires....

Here's some other pipe dreams that will materialize:

Portion of note being paid off

7 figure Q2 (my guess 1.1-1.3M)

Colorado dispensary placements

And a bunch of other stuff no one will see coming I'm guessing.

[porkypigg]

good to see a company actually listens to the shareholders' concerns. VPOR IS A WINNER !
don't be surprised to see .20's sooner than later.

[Welcome2Pinkyland]

ZDanger, I like your style/strategy. I'm going to try it:

Vapor will never give a cash dividend.

[spshond]

I believe the A/S has been reduced! Next I believe you mentioned financing. I cant wait for a report to come out stating that we have paid off some debt!!!!

Reduce the A/S?? Have you even read the filings? Look at their convertible debt. Then look at their preferred shares. The preferreds convert into 750 mil shares, albeit down the line a bit. Still the A/S has to cover all this. First step is to make actual net income. They haven't proven this yet. Next step buyout that toxic financing(convertible debt). A/S reduction is a pipe dream at this point. No idea why people keep saying it.

[chriswi100]

Just had a chance to check out the news. The reduction in shares is great news. Not sure why the price didn't go up more???