Leg up? Every tick VAPE drops the ask gets stacked with millions of shares. The only things holding VAPE up are little 10-50k buys for $10-50 a pop. That’s not going to move this stock anywhere.
Fundamentally VAPE is a ghost ship. The supposed CEO Ben Beauleiu is nowhere to be found except per his LinkedIn page showing he’s working along side former VAPE CEO Kyle Tracy at a grow in Oregon. Tracey is suing has sued his own company which is just bizarre. And then there’s the issue of not having any real products for sale. VAPE’s Hive brand is defunct; Hive social media has been dead since 2017, there is no independent social media of Hive products being used by customers.
I do find it odd that millions of shares are stacked on the ask, as if someone is actively suppressing the share price. If it was a large holder clearing out they’ve missed plenty of opportunities above .001. Most likely it is the company dumping shares or an insider like Ben or Kyle selling for income.
Next leg? Not happening w million on the ask There’s about 5 million reasons as to why VAPE is going nowhere the ask is totally stacked. Even if some amazing federal legalization occurs in the next 6 months VAPE is still going nowhere because it’s only tied to the cannabis industry by misrepresenting their business, of which no one knows what is even happening.
Maybe, maybe in November 2020 if the Orange stooge is removed and a pro-cannabis candidate is elected VAPE has the slightest chance for a pop
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