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nodummy

06/30/16 1:00 PM

#109869 RE: DaReal #109866

Did you see today's 8k from VPCO?

After all the dilution that ticker has already gone through because of those toxic warrants they sold (diluted to no bid then a 1:70 reverse split then diluted to no bid then a 1:20,000 reverse split then another 4,944,000,000 free trading shares issued towards warrants taking it back near $.0001/share) they still have another 728 billion common shares to go before they have paid off all of the warrants.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11468278

That has to be the most idiotic form of fund raising ever conducted by a CEO running a publicly traded company. You can bet the CEO has friends and family that cashed in big time on those warrants.'

I think they only have 4,950,000,000 shares authorized so the O/S is currently maxed out, but once they raise the authorized share count again watch out because the flood gates will open with people wanting to cash in on their warrants before its stuck at no bid and they can't any more. I'm not sure if VPCO can get another reverse split approved. People might not want to take that chance.



Oh and surprise, surprise.... VPCO is another ticker that has Barry Honig as an insider. I wonder if Honig got in on the warrant party. The warrants were introduced in July of 2015 after Honig became an insider so who knows maybe the warrants were his idea.

http://www.gurufocus.com/news/334548/barry-honig-michael-brauser-take-a-position-in-vapor-corp