There are loads of possible scenarios.
Convertible debt capital may be drying up, meaning VAPE’s access to cash is disappearing and therefore won’t be able to pay for account services or even stay solvent.
Maybe an insider or convertible debtor knows the company is dead going forward and they just want out.
Releasing reports is a sign of progress but there is no fundamental follow through. Nobody has any clue how or even, if Vape is still selling Hive products. Chinese tariffs would like affect Vape’s imports but who knows what kind of inventory the company still has. Hive Instagram hasn’t posted anything in 11 months
The silence and uncertainty has killled the stock.
From a trading perspective, there is good volume but someone keeps pinning the ask with 10-15mm shares right at the share price. VAPE dropped to .0035 and suddenly there was 14mm shares on the ask at .0035. Then VAPE drops to .003 and 13mm show up on the ask at .0032. Then it drops to .0028 and 12mm hits the ask. Finally it’s at .0025 and 10mm sat on the ask all day.
Retail traders and investors aren’t going to tear down that 10mm wall.
VAPE is being pinned hard. Summer is usually a bad time for pot stocks and this season is no exception
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