Food is legal in every state. But most new restaurants fail, due to bad management. Just because something is legal, does not mean that a scammy company in that industry, with a "bring in the clowns" hiring strategy, and absolutely no credible plan for growth or profitability, will succeed. Call weed shops. Ask them about Vape products. I have done this. Almost every single one said "What? Who? I think I might have heard of them, but no, we don't really sell any." I too, can't wait for the "Big News." Should be hilarious.
Legalizing weed in CA will not increase consumption. Anyone who wants a vaporizing device can buy one easily. VAPE products are virtually unknown by end users and shop owners. Hardly any person on earth owns one, or cares to own one. So your logic seems to be that based upon zero increase in demand for the products, shares in the company will increase by a factor of 80? Are you related to that banjo player in Deliverance?
If by "big news" you mean revenue, or profits, you are not only wrong, but you are a liar. If by "big news" you mean a hyperbolic press release describing some meaningless new hire, or some ridiculous "strategic alliance" with a small weed shop somewhere in the hinterlands, well then brother, you may just be on to something!
Justin - Are you still in the real estate business, or are you focusing full time on VAPE? Your personal internet presence and PR lead to some inevitable confusion on this topic. The obvious question is: Does VAPE have a full time CEO?
tk - Take another read through my post. This time, consider that it was written with the utmost sarcasm, irony, and derision in mind.
VAPE has lost the valuable services of Dr Mark Scialdone. Reading back through the press releases that the company issued when they took him on board, it is hard to imagine how the company will succeed without him. I mean....he added so much to VAPE. He must have been instrumental in the results achieved by the company. I fear that now the company stock price might decline. But perhaps the seasoned CEO will be able to adjust and adapt to this loss, and fill the gap with another such talent, to drive the company to yet higher heights.
OK, so maybe not the very last chance. It almost doubled today. It was up 11%, so like only 89% less than a double, but very close, if you are a stock pumper whose job is to make things seem like something they are not.
Really? Why will it double? Because the company made a "sizable" initial sale, about which they know enough to describe as "sizable", yet not enough to announce the actual dollar amount? If the "sizable" sale were of an amount that most investors would truly consider sizable, they would have announced the dollar amount, to add weight to the press release. But they did not announce the $ amount, which could very well mean (and probably does mean), that the amount of the sale is really not so "sizable" And then there is that little issue abut the dilution. This sale is supposed to rectify that little math problem? Dream on.
Tracey - Why would I complain? I shorted 1,000 shares at $32. I have never complained. I have only observed, and commented on my observations, usually using VAPE SEC filings as the basis for my observations and comments. I anticipated an outcome, based upon my observations. That anticipated outcome has come to pass. So why would I complain? It seemed obvious from the start that VAPE would be an abject failure. It was plain to see that Kyle was unqualified as CEO of a public enterprise. It was abundantly clear that dilution would lead to a much lower stock price. The rest is all background noise. VAPE settled its own fate. It needed no help from a couple of comments on a message board. Without the comments, the outcome would have been the same, unless you assume that the dilution and lack of execution and huge cash losses would have been overlooked by investors, in the absence of some message board comments. Your point doesn't hold water.
Really? A couple of comments on a Yahoo message board had more influence on the company, than its CEO? Doesn't that prove that the CEO was incompetent? That theory would not go far in any board meeting at any company that I have been a part of. Blame the message boards? Uh….get ready to be fired.
Tracey - I have posted nothing but factual observations on VAPEs performance, usually backed up by quotes directly from their SEC filings and their own press releases. If these facts are damaging, then it seems to make little sense to blame a person who repeats the facts, for the effects of the facts themselves. Your statement also presumes that VAPE had otherwise earned a higher share price, through its growth, execution of publicly stated initiatives and objectives, and its (heaven forbid) earnings, and that some guy in a Yahoo message board could destroy or diminish those concrete results, with a few pithy comments on the company's otherwise great performance. This makes no sense whatsoever. The precipitous drop in the the share price has been caused by two entirely transparent and easily verifiable facts: deplorable performance, and huge dilution. Its called supply and demand. When there is a large supply of shares in a company that constantly loses money and never successfully executes any of its stated missions, the share price declines due to insufficient demand. Any more questions?
Did the new wannabe CEO just say "continue the company's upward trajectory" ? Really? Upward? Funny little man, he is :-) Well, at least we now know that there are "exciting business initiatives" on the way. And these should work out about like the last few dozen "exciting initiatives" that failed to materialize for VAPE. They are also going to "begin to focus on building a sales force". They are not building one yet, but soon they are going to begin to focus on it. After that, they might actually focus on it. After that, they might actually build the sales force. Then they are going to "bring global recognition" to their brand. Hey guys...a little hint...you don't have brand recognition on your street, in your town, in your state, or in your own country yet. And now you are "going global"? Ooooo....impressive! And BTW, isn't Justin the "premier real estate broker" in his area, as he says on his website and his FB page? Premier meaning, he has 2 listings? What could go wrong here? VAPE is in great hands.
Always amusing to watch the amateurs attempt to manage a stock price by press releases, instead of actually growing and managing the company. There is nothing but thin air behind every release. Not one single successful execution on any press release ever issued by Clueless Kyle, either with VAPE, or his last disaster, PHOT. The guy actually thinks that he is a real CEO. Hilarious. I see a big future for him as a clerk, behind the counter, at some weed store - "Hey dude, buy this pipe. I used to be a CEO!"
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.