because its unlikely supreme court will take on a taxing issue like this, state supreme court is likely final ruling, thats why!
thats going to hurt and take some advantages away
i took the 30%+ run profit
didn't really hear much new and with reverse split announcement coming, it was just not worth the risk of holding and give it all back again. This stock has that history of going right back to .90 to 1.00 area after quick moves up
my concern is the upcoming reverse stock split should be announced any time and how people initially perceive it. Typically stocks of companies that present usually fall off unless they announce something news worthy the morning of the conference.
You can tell the group that put up the 10 million and dictated the terms of reverse split in stock and incentive plan and listing on NASDQ and board seats, knows what they are doing to have a winner. These are all the right moves to have a reputable growth stock. I'm sure they were privy to inside information of whats going on.
looking like it is just back and fill from yesterdays run up
if it pulls up to flat or even green by close would be really bullish going into Wells Fargo presentation tomorrow afternoon around 3:30 EST.
reverse split is actually beneficial to stock, it will greatly reduce float and will lead to NASDQ listing which will bring in the big institutional investors to start buying into a emerging hyper growth industry.
We have a small cap fund that just took a 10%+ stake with the funding of 10 million in cash which is a big endorsement of the potential of e cig business and this company in particular. Wells Fargo conference on e cig thursday will be showcasing to big institutions VPCO. Great time to announce whats in the works
Reverse split will leave VPCO with a very small float and with future sales and earnings growth accelerating likely to the 100% area, this stock will be momo stock and is greatly undervalued
Good move as part of 10 million raise
reverse split coming along with NASDAQ listing up next