Replies to post #17561 on Healthier Choices Mgmt Corp (HCMC)

[iwant1mil]

It means warrant holders are screwed again. Now the only choice they have is to hold forever until they become worthless or convert and get hit with a massive R/S. Since all holders can now convert, there's no need to offer the series B warrants anymore. Now the crooks don't have to pay one penny. Warrant holders are so screwed while the Vapor con men walks away with their millions.

[LivingTheGoodLife]

It means that they are not exchanging Series "A" warrants for Series "B" warrants anymore, which was the offer they made on June 21st.

You can find that out by reading their filings. Below are the links to the VPCO filings page and the June 21st filing.

http://www.otcmarkets.com/stock/VPCO/filings

http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=11452208

For those that hold stock in this POS, you can keep these links handy, as there will be more bad news. Probably filings for reverse splits. For those that are thinking of buying this stock, be forewarned, DON'T! GLTA

[CashBowski]

It's about the following press release which apparently is no longer valid.

Vapor Corp. Announces Intention to Conduct Registered Exchange Offer for Outstanding Series A Warrants

PR Newswire

DANIA BEACH, Fla., June 21, 2016

DANIA BEACH, Fla., June 21, 2016 /PRNewswire/ -- Vapor Corp. (OTCQB: VPCOD) (the "Company"), a leading U.S.-based distributor and retailer of vaporizers, e-liquids, e-cigarettes and e-hookahs, announced today that it intends to conduct a registered exchange offer to provide both $0.25 per Series A Warrant exchanged and a Series B Warrant of the Company in exchange for each of its outstanding Series A Warrants.

Each outstanding Series A Warrant currently represents the right to (1) effect a cashless exercise permitting the holder to receive shares of Company common stock under a formula set forth in the Series A Warrants or (2) purchase one share of common stock for $1.24 per share in a cash exercise. Currently, under the formula for a cashless exercise, each Series A Warrant represents the right to receive approximately 5,410 shares of common stock. As of June 20, 2016, there were 70,644,794 Series A Warrants issued and outstanding. All of the figures with respect to the Series A Warrants do not give effect to the two reverse splits of the Company common stock in 2016.

The terms of the Series B Warrants are expected to include the following features:

Each Series B Warrant will be exercisable into one share of Vapor common stock at an exercise price per share of $0.01.
The shares of Vapor common stock issuable upon exercise of the Series B Warrants will be registered for resale pursuant to a registration statement prior to issuance of the Series B Warrant.
The Series B Warrants will expire on July 30, 2021 compared to the expiration date of July 23, 2020 for the Series A Warrants.
Similar to the Series A Warrants, the Series B Warrants will contain a limitation under which exercise is not permitted to the extent that the holder or its affiliates would beneficially own in excess of 4.99% of the Company's outstanding common stock.
The Company expects to commence the exchange offer following the filing of a Form S-4 registration statement setting forth the terms of the exchange offer.