that is the inherent problem with the offer...which i suspect may result in it not passing. however, i do believe those with preferred shares will get out ahead.
What you are saying makes sense and is very possible. However, maybe the dilution or some part of it is already factored in? How could it not be when it's been known for 6 months now this was coming? By that I mean the 128/64 offer OR the original deal. They both create a ton of shares.
The day they announced the financing via the units (July 23), VPCO closed at 1.23. The recent low was .14 cents. That's quite a drop!
Am I confident how it will play out? No F way! I'm just trying to make a few bucks back from the units to make up for the biggest investment mistake of my life.
News 
Market Data 
Discover 
