Replies to post #88288 on Vapor Group Inc (VPOR)

[CashBowski]

I have a problem with the amount of debt as well, however there has only been approximately around 50M shares added to the outstanding in the last 3 months, which is about the average daily volume or ~.012% in total dilution in a quarter, and cut by third from the quarter before that -- so if there's notes that in its entirety can be settled in one session, then it's hardly what would be considered a dilution scam.

A majority of what's on that list is settled, and some of which is from when the company was $SPLI going back to 2011 -- a good portion was previously reported as paid in SEC filings.

No question there's still debt that needs to be addressed -- this has always been my main concern, however it's somewhat reassuring that they recognize the burden on shareholders and have initiated a plan to consolidate to traditional loan terms -- which is evident by the decrease in number of shares issued since March (by 1/3rd of previous reports). I'd still like to see more details as we go forward, but I'm assuming it'll be addressed as we get closer to $VPOR spin-off from NewGen.

This whole merger is still fresh, and I'm treading cautiously and haven't decided to get back in yet (I might by Friday) -- but I personally witnessed the heavy dilution that was previously going on here and this pales in comparison, so I think maybe they're on the right track and I'm giving them a little room to make good on these promises


http://www.otcmarkets.com/stock/VPOR/news/Vapor-Group--Inc---VPOR--Reduces-Amount-of-Convertible-Debt?id=138960&b=y

Vapor Group, Inc., VPOR, Reduces Amount of Convertible Debt

MIAMI, FL--(Marketwired - Aug 22, 2016) - The Board of Directors of Vapor Group, Inc. (OTCQB: VPOR) (the "Company") announced today that it has entered into agreements with several of its noteholders for the payoff of their convertible promissory notes over time.

Dror Svorai, President and CEO, added, "We are paying down old debt to prevent the issuance of additional shares of the Company from the conversion of this debt which can only result in the further dilution of our common stock." He added, "We regard this reduction as being good news for our shareholders. Clearly it also benefits the Company since it will help us improve our financial strength. In order to pay off this convertible debt, Company borrowed funds at a reasonable interest rate on terms that do not include any conversion rights of debt to equity, or in any way require the issuance of equity, options or warrants by the Company."