Vapor Group Inc (OTCMKTS:VPOR) Hesitates Despite PR Effort

[[tagnumber 0]][[tagnumber 1]]Vapor Group Inc (OTCMKTS:VPOR) had a tough time keeping its gains from the beginning of last year and lost quite a lot of value, just like many other companies that experienced the medical cannabis industry hype. After reaching a high of $0.355 in the middle of March 2014 it was sitting 99% lower on the first session of 2015.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The company kept sliding throughout the most part of this year as well, but this time the volumes were far greater. It seems like investors were sure that [[tagnumber 6]]VPOR [[tagnumber 7]]can’t fall any lower than $0.001 per share and kept on buying. After a short–lived upward run in February, however, the ticker returned to its downward course.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]On March 31 [[tagnumber 6]]VPOR [[tagnumber 7]]also filed their financial statement for the year ended December 31, 2014, which was not that bad, but wasn’t very impressive either.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 17]] [[tagnumber 18]]cash: $413 thousand[[tagnumber 19]] [[tagnumber 18]] current assets: $3.1 million[[tagnumber 19]] [[tagnumber 18]]current liabilities: $3.55 million[[tagnumber 19]] [[tagnumber 18]]yearly revenues: $4.48 million[[tagnumber 19]] [[tagnumber 18]]yearly net loss: $804 thousand[[tagnumber 19]] [[tagnumber 28]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]As we wrote in our previous article, [[tagnumber 6]]VPOR [[tagnumber 7]]really did record decent revenues, but unfortunately it didn’t manage to finish the year with positive income like it did in 2013. The net loss that was recorded was also nearly double that of the cash–on–hand the company recorded.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Amidst all the dilution that [[tagnumber 6]]VPOR [[tagnumber 7]]shareholder have experienced came an 8–K filing with which the company increased the authorized share count of its common stock from 3.5 billion to 4.5 billion. This suggested that we might see even more dilution in the near future.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]][[tagnumber 6]]VPOR [[tagnumber 7]]started this week with a 25% gain in Monday, closing to the $0.001 going a bit further from the $0.001 per share mark once again. The next day the company came out with a press release that assured shareholders that they will not be seeing any further dilution in 2015.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The PR did boost [[tagnumber 6]]VPOR [[tagnumber 7]]and the ticker gapped up in yesterday’s session at $0.00195 per share. Unfortunately, the company stock slid a little lower and closed with a gain of 13.33%, at a price of $0.0017. The 234 million shares that changed their owners during the session managed to generate $351 thousand in daily dollar volume.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]][[tagnumber 6]]VPOR [[tagnumber 7]]has fared far worse in today’s session and, as of the writing of this article, is sitting 23.53% lower from yesterday’s close. This just means that you should be very careful when making any investment decisions and you shouldn’t forget to do your due diligence.[[tagnumber 2]]