1) VPCO declared in a recent 8k that they had approximately $28 million cash & cash equivalents as of Dec 8, 2015. Assuming the O/S is 1 billion, the cost to buy back EVERY share at current .0006 pps is $600,000. Why not?
2) EVERY PENNEY OF THE $28 MILLION CAME FROM UNIT SALES (a.k.a. "warrant holders")
3) The UNITS traded openly on the Nasdaq for 6 months. ANYONE could have bought them. I did. I do not believe I am evil?
4) For those wishing death to the warrant holders, please see item #2.
5) For those wishing to change the rules for warrant holders, first refer to item #2 above, then, I say add a "no short" clause. Or, yes, freeze the warrant conversion and do a 1-10,000 RS to wipe out all commons. Then un-freeze the warrants so we can be paid from "our" $28 million. How about that idea?
6) IMO, the "shareholders" & "non-shorting warrant holders" will likely be screwed equally & probably should be. I don't see this as an "us vs. them".