Replies to post #12513 on Vapor Group Inc (VPOR)

[shabrams]

I read this too but think it's an industry assumption not a vapor group assumption. If it was a thought on vapor then we will know very soon and will be happy to be holding!! Mcig profit was 30k for the quarter and trades just under .80!!!!

[johnreiner]

$SPLI .... Good excerpt from article::::

The Vapor Group, a Florida-based e-cigarette company whose products sell in the United States, Europe and South America, has made several attempts to open the door to China market, but been barred by the authorities.
“A large source of revenue for the government comes from taxes on the conventional cigarettes. That is why they do not allow electronic cigarette companies to sell their products in China,” Mr Yaniv Nahon, the company founder, said.
In fact, all the e-cigarettes of The Vapor Group are manufactured in China’s southern metropolis of Shenzhen, and then shipped to all over the world. Mr Nahon expects the net profit of Vapor’s e-cigarettes to reach US$35 million (about $273 million) by the next year.
Mr Nahon is optimistic about the future of e-cigarettes. “Everybody smokes and everybody wishes to quit smoking. And that (vaping) is the easiest way to quit smoking,” he explained.
Vaping is viewed by many as a healthier alternative to smoking, as e-cigarettes do not burn the tobacco, and thus produce less of the major carcinogens present in conventional cigarettes. But some also say there is not enough long-term research to determine exactly how safe and healthy e-cigarettes are.
In view of the surging popularity of e-cigarettes in the U.S., Mr Nahon believes the federal government will soon start to tax on the products. E-cigarettes in some states, including Minnesota, are already subject to tobacco tax.