The sec is supposed to be watching and policing this kind of activity. for whatever reason they are not. sad commentary on America. we are becoming a scammy prevalent society.best thing yoy can do is not invest in the stock markets. there is no oversight with an example like this.
Imo the sec should seize the assets (cash) and company. Sell off the inventory and any real estate holdings at auction. Distribute out cash based on investor holdings at a certain cutoff point as a % for all to recover at least some of funds invested. This was a total scam. By the time lawyers are done in a suit there will be nothing left.
what are we supposed to do now? Any lawsuits? In 1 year this stock was financially engineered to go to zero. Many of us here were robbed essentially. This company is sitting on millions of dollars of cash. I want my $ back from that pot.
I didn't even need to vote but felt compelled to. I figure no one wants RS/issuance to happen. I bet they don't happen. either way my investment was wiped out so I am counting this as a write off anyway.
I voted against. I figure price so low who cares if it goes to otc. I am disappointed we have seen no PRs about more store acquisitions. we were supposed to be at 30 by now according to ceo.
pretty pathetic % holdings by the mgmt. team. Insiders can help common by buying and showing confidence in their own company. multiple directors that hold 0%.
Now we are set to move up
1.42 was before rs. we're trading at a fraction of year high which had sold off from a much higher position even year before. blu law suit settled and expanding stores. we're going much higher.
While that wasn't a huge investment relative to other sabby investments I highly doubt Mintz would throw his $ away. He's going to scoop up all the stock as daytraders exit.
To renew confidence. if we can climb to like $2 then we have wiggle room for minor profit taking down the road and maintain compliance. Part of the tumble this year was the lawsuit shadow and another factor is the loss of nas compliance. Will help stabilize stock to get well past a dollar asap which could bring even further gains.
All kinds of huge holdings. fund run by Hal Mintz. He dropped $28M on Acadia earlier in the year. Interesting . . .so my guess is vpco is a possible medical delivery system investment. I wonder then if the biometric vaporizer is about to be commercially available and the patent goes through. This is awesome to have a fund like this on board.
Or was just a large bet on their part? I guess we'll see how this story plays out. We haven't seen this large of a block purchase in the last year by one group.
Look at the chart. that's when all started to go downhill. This is huge news it was settled. Was equivalent of $44/share back in march 14. Blu is a huge brand so it cast a large shadow over vpco.
Been no announcements from vpco for a while.