DANIA BEACH, Fla., June 1, 2016 /PRNewswire/ -- Vapor Corp. (OTCQB: VPCO) (the "Company"), a leading U.S.-based distributor and retailer of vaporizers, e-liquids, e-cigarettes and e-hookahs, today announced that effective at 5:00 pm, Eastern Time, on June 1, 2016 (the "Effective Time"), the Company will effect a one-for-20,000 reverse stock split of its outstanding common stock. On March 21, 2016, the Company's stockholders approved an amendment to the Company's Amended and Restated Certificate of incorporation to effect the reverse stock split at a ratio between 1-for-10,000 and 1-for-20,000. The Board of Directors approved the implementation of a reverse stock split and determined the appropriate reverse stock split ratio to be 1-for-20,000
An 8-K regarding the R/S was filed on the very same day, as well.
You'll notice that it hit just over two months after board approval.
On March 21, 2016, the Company's stockholders approved an amendment to the Company's Amended and Restated Certificate of incorporation to effect the reverse stock split at a ratio between 1-for-10,000 and 1-for-20,000
Perhaps the board approval that was mentioned in the July filing qualifies as proper advance notice. If people would only read them, they'd be aware of what's hanging over their heads.
All I know is that I've seen plenty of instances where shareholders have been surprised by notices of a R/S. I, myself, was a victim of one back in 2008.
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