FDA cannot regulate E cigarettes as a drug or device...per VPCO website
Vapor Corp. Welcomes Court Ruling for Electronic Cigarettes: FDA Loses Appeal, Can't Regulate E-Cigarettes as a Drug or Device
Dec 08, 2010 09:00 ET
"We are extremely pleased with this court ruling,"
Vapor Corp. Press Release
HALLANDALE, FL--(Marketwire - December 8, 2010) - Vapor Corp. (OTCBB: VPCO) is delighted to announce yesterday's significant victory for the electronic cigarette industry. A U.S. federal appeals court found that as long as electronic cigarettes aren't marketed as a way to treat or cure a disease, i.e., smoking cession aids, the U.S. Food and Drug Administration lacks the authority to regulate these products under the Federal Food, Drug, and Cosmetic Act ("FDCA"), and has no authority to block the importation of these electronic cigarette products. "Together, Brown and Williamson and the Tobacco Act establish that the FDA cannot regulate customarily marketed tobacco products under the FDCA's drug/device provisions, that it can regulate tobacco products marketed for therapeutic purposes under those provisions, and that it can regulate customarily marketed tobacco products under the Tobacco Act...Of course, in the event that Congress prefers that the FDA regulate e-cigarettes under the FDCA's drug/device provisions, it can always so decree," the Court declared.
"We are extremely pleased with this court ruling," says Kevin Frija, President and CEO of Vapor Corp. "The ruling finally resolves any lingering doubt which has challenged the electronic industry for quite some time now. Vapor Corp. has always been proactive in taking many steps to ensure the responsible marketing of our electronic cigarettes. Vapor Corp. in no way markets its product as smoking cessation devices; we market our product as an alternative to smoking traditional tobacco cigarettes," added Mr. Frija. "There are over 1 billion smokers in the world today, and recreational tobacco is a 100 billion+/year industry. Vapor Corp. is the industry leader for electronic cigarettes, and we have been working diligently to enter into very visible distribution channels across the United States. With this legal victory, we are best positioned among our competitors to quickly capture an even greater market share for our products," added Mr. Frija.
Ortho, you seem to be the resident expert here when it comes to Vapor Corp VPCO...........
Can you tell me how long you have been long here? How many shares you have....?
And most importantly why the ride down almost 50% the past 2 days???
Not sure what you mean by been here but have been a stock holder for 2 months. Have 14133 shares( not sure why that matters)
Why ride it down 50%? Many reasons.
1.I'd rather sell or get bought out at say 10 in 3 years then sell at 1.05
2.This is an investment not a trade for me. As a result don't really care what it does on a daily basis unless I can buy more super cheap, earnings release etc
3. With an industry and company growing like it is an 50% YOY revenue growth why would you sell now? Because its lower today then yesterday? Dumb reason.
4. If I sell I lose 42% to taxes...
Just a sell off. Lock in profits, I was not paying attention, or I would have too. It's going to go up now. kinda risky selling this stock, as the position can move up pretty quickly. I'm long 9578 shares. Sorry, not Ortho, but couldn't help answering.