Yeah, HUGE! Up a quarter of a penny! So like if you bought yesterday, you could sell today, and lose money after paying the spread. AWESOME!!!!!!!!!!!!!
I did listen to the call. It was both amusing and revealing to hear the "CEO", at the end of the call, abruptly announce that it would be "inappropriate" to answer questions at this time, because there had been so many recent changes at the company. Is that precisely the time when questions are most appropriate? Of course my position assumes that "appropriate" is being viewed from the perspective of the shareholders, and not some cowardly, wet-behind-the-ears wannabe "CEO". What kind of leader will he be perceived to be, among his employees, if he does not have the nuts to stand up and answer tough (and totally valid) questions, from righteously unhappy shareholders? His shareholders and his employees expect and deserve strong, credible answers. He obviously has none to offer,and this tells us what we need to know about how this company ail perform under his leadership. Its a done deal, and it aint pretty.
Revenues down. Margins down. Gross profit down. Shareholder equity down. Losses....UP! Another stellar quarter, boys. Now lets get down to the fun part - the crafty language designed to make bad performance seem good, and a bleak future look bright. C'mon....give it to me....lets get busy with that conference call, where the wet-behind-the-ears new CEO will be trumpeted as the solution to all that ails this terminally ill enterprise.
One thing that will nevr, ever happen, is Clueless Kyle (or any other insider) putting cash INTO VAPE. The cash flows one way - OUT. The company has no revenue, no profits, no patents, no customers, no goodwill, no employees with special skills or experience, no proprietary systems or processes, no valuable inventory, no distribution network, no real estate, no factories, and no prospects of ever having any of these things. So why would insiders buy back there stock, if they can still SELL the stock to financial midgets who believe their press releases?
Well, we looked for it, and...ooooooo....big surprise.....didn't happen and you were so wrong that it almost looks like you are a paid pumper, or an insider with lots of shares to dump. Applying technical analysis to a pump-and-dump penny stock scam like this is like using trigonometry to find the answer to 1+1. Its just not that complicated. A scam is a scam is a scam.
Yep, sure looks like the dilution was over. Except the massive dilution that has occurred since you said there would be no more dilution. But whats a few million shares between scammers, right?
Yeah! Those fruitcakes said VAPE would go down! Dummies. Instead, it has gone WAY down. Boy, those fruitcakes sure were wrong!
I have no "friends" on here, but I have enjoyed watching this obvious scam unfold. I called it a 10 cent stock when it was $32. And all along, the paid pumpers and scammers have been calling it a "great investment.". Insiders essentially pawned a huge number of shares. Now the inevitable dilution resulting from those ridiculous agreements, and the abject failure of the company to earn even one single dollar of net cash profit, have driven the stock down to less than 3 cents. There is nothing complicated about this. The insiders involved have a long history of this type of stuff.
So compared to Microsoft, which is just like VAPE, VAPE has "hardly any shares out there." Um, good point....if you are trying to make no sense whatsoever. VAPE is a dilution scam.
What chart are you looking at? Bottomed? The chart shows a stock that is in a dilution free-fall. Do you think some group of extra-ignorant speculative buyers are going to show up and just roll the dice on this turd? Thats a long, long, long shot, at best.
"Eventually everything on this earth turns around: ENRON, Worldcom, Lehman Brothers, Adelphia Communications, Authur Andersen, etc, etc. Really? EVERYTHING? All of the major failures listed have one thing in common - they had far superior management than VAPE. Good luck. Its over, you just don't know it yet.
The only thing that is going to "bounce" at VAPE is Clueless Kyle, the wannabe CEO. As soon as he has sold all of his shares for a couple of pennies each, he is going to bounce on outa here, and do it again, just like he did with PHOT and VAPE.
How revealing that your answer to the question "Do you honestly believe that it was the SEC that destroyed VAPE share value?" is "Do you own any VAPE stock?" You should run for office :-) To answer your question (with an actual answer), I shorted 1,000 shares of VAPE at $32, right after some #$%$ waffle at a local bar tried to scam my neighbor into buying it. She asked me about it on a Friday, I did a little research over the weekend, and shorted it first thing Monday. And I talked her out of buying. Since then, Clueless Kyle has led the share value from $32 (it was actually over $40 at one point), down to 3 cents (essentially zero). So I turned $16,000 (leveraged 2:1) into $48,000, which is more than ANY long ever made, except insiders who dumped shares with zero cost basis. If Clueless Kyle had a shred of management or leadership talent, I would have lost money. Instead, I made a nice little hit on his ignorance, greed, and ineptitude. Shorting this was NOT a tough call.
Except that in this case, there is no blood, there are no streets, and the ones who are "weary" sellers are all INSIDERS. So if insiders are dumping as fast as they legally can, why should anybody buy? Nobody cares about this turd of a stock, except a few scammers who are diluting it and dumping shares on some misguided small investors who think that this stock will magically go up because it is in the weed business. Kyle thinks that $10,000 is a lot of money, so he is happy to dump however many shares is necessary to get his hands on a small amount of cash like this. A million shares for 10 grand? Why not? Its just paper to him.
We don't "hate the stock". We are simply pointing out facts. Read the SEC filings. Its a dilution scam. A 3rd grader could see that from a mile away. Its not a matter of like, or dislike. The facts are self-evident.
So, just to be clear, you honestly believe that it was the SEC that destroyed VAPE share value, and not the verifiable dilution that occurred as a result of the insiders cashing out, and the predatory lenders converting debt to equity? So the total absence of any management talent, and almost zero sales...those minor factors also played no role? Really? Would you perhaps be interested in some oceanfront property in Kansas, at a really great price?