The big issue with the merger, is that Vaporin takes control of 45% of the merger, even though their valuation was 1/4 that of VPCO's. VAPO appears to have access to a few large investors though, which VPCO is desperate for. They are signing away half the company to acquire some life saving cash. I am on the fence as to weather it is a good idea. I kind of see it as a bail out, where if they don't do it, they are screwed, but by doing it, they have to sell their soul and nearly half of the company. And the big problem is, there is no guarantee that this merger will help them succeed. It may turn out to be the saving grace of the company, or just another step in their long painful decline; we shall see.
This article was not only very vague, it supplied no sources to the studies. I will hold out on taking everything in this at face value.
Nah, I don't short. I am glad, that I called it correctly(means I am getting better at reading the signs), and perhaps saved a few people from losing money. I am sorry for the people who held it, and lost money. I am still a cooler head, but I never felt this company was a good investment, especially based on comparing numbers to that "other stock". When this thing shot up to $50 bucks I screamed the warning signs. And even when it was 5-10, I was saying that it should be valued at about $1, just based on the numbers. Granted, they grew revenue way more than I expected, but they also had huge losses, which were much more than I expected. So i wasn't 100% on point with all the details, but value wise, I hit it on the head. I do truly try to help people, but that doesn't mean I always make the right call. I am not a pro, by any means.
It is just some old legacy stuff. Yahoo keeps those records even though the symbol doesn't technically exist anymore.
Take note, that the growth came with a $43 Million Net loss so far this year, not exactly great if you ask me. Far more than VPCO has lost. And it shows that ECIG only has 3-4 million in cash left. If you are worried about VPCO cash burn rate and net loss ECIG isn't your salvation. A long while back I stated that ECIG would drop to about $1, and it has gotten damn close.
That is because Vaporin has been doing a massive Promotion, and they are likely making no profit off it. I get spam emails from them all the time for free trails of ecigs and vapes. I doubt that those prices will last.
Although the numbers look terrible to me, my guess is that the potential millions in investment money, via milestone payments from Vaporin's major investors, is the only reason this is not a total #$%$ deal. Phillip Frost, is a 10+% stake holder in Vaporin (look him up) And if he is involved in any real way, it could turn out to be very beneficial for VPCO. It is a little too risky for me at this point, But I will be standing on the sidelines to see what happens.
I suppose I could have worded it better, but the overall statement is factual to the best of my ability to remember the finer details. I write many of these comments at work, and don't always have to time to dig for all the sources, but you can trust that I am one of the most well versed people on this board when it comes to VPCOs filings.
That statement was a combination of Notes that a few of the board and/or Chiefs held. When they did that $10 fundraiser, a couple of them converted their debt into shares during the same time as the fundraiser. The other part of the statement refers to stock options signed to some of the new board in the $5-7 range I stated. I can't remember all the exact numbers and who did what, off hand, but it is in the filings. I don't feel like digging through them to find it for you, but feel free to do so yourself ;). After all, Due Diligence is what you are all about :P
Tradeking allows shorting, but I don't do it. I think most large brokers allow shorting.