Vapor Group, Inc. (OTCMKTS:VPOR) Still Struggling Around The 1 Cent Mark

[[tagnumber 0]][[tagnumber 1]]The last time that we wrote about Vapor Group, Inc. (OTCMKTS:VPOR) they were in a bit of a hassle after the not so promising start of the month which obliterated over 60% of the ticker value in a series of bloody sessions.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Afterwards [[tagnumber 6]]VPOR[[tagnumber 7]] attempted a recovery run which started around the middle of the month, but took the downward road once again, after just 3 sessions in the green. The fact that the ticker can’t hold its ground while its market cap of $4.5 million is quite small compared to other companies in the MJ industry with worse financial results is rather strange.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Here is what [[tagnumber 6]]VPOR [[tagnumber 7]]had to show in its balance sheet from the report covering the period ended June 30.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 17]] [[tagnumber 18]]cash: $382 thousand[[tagnumber 19]] [[tagnumber 18]]total current assets: $3 million[[tagnumber 19]] [[tagnumber 18]]total current liabilities: $3.2 million[[tagnumber 19]] [[tagnumber 18]]net revenues: $1 million[[tagnumber 19]] [[tagnumber 18]]gross profit: $508 thousand[[tagnumber 19]] [[tagnumber 18]]net loss: $378 thousand[[tagnumber 19]] [[tagnumber 30]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]There were also some optimistic news lately. On October 29 [[tagnumber 6]]VPOR [[tagnumber 7]]came out with a press release that announced the successful launch of several products among which their “[[tagnumber 36]][[tagnumber 6]]Stealthpen[[tagnumber 7]][[tagnumber 39]]”, a vaporizer that can be used for both liquid applications and dry herb.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]And although the press release was made before the session started it didn’t have much of an effect on [[tagnumber 6]]VPOR[[tagnumber 7]]. The ticker made a small percentile gain of 3.17% and closed the session on below average volume, generating a mere $142 thousand in trade value.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The next day didn’t start well and [[tagnumber 6]]VPOR [[tagnumber 7]]began to slowly slide until we saw some panic in the second half of the session after investors started trying to get out before losing more of their positions and the ticker closed 12.31% down at $0.0114.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]In Friday, without any new press releases, [[tagnumber 6]]VPOR [[tagnumber 7]]managed to regain the value it lost during the previous session as it closed 14.91% higher at $0.0131. The volume, however, was small and the stock registered only $148 thousand in daily trade value.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 60]][[tagnumber 61]][[tagnumber 2]] [[tagnumber 0]]In conclusion, [[tagnumber 6]]VPOR [[tagnumber 7]]may be considered undervalued comparing it to other entities in the industry and the financial results that it is showing. We should not, however, forget about the $2.6 million in convertible notes.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]In any case, it is always good to do your due diligence and weigh out the risks before making an investment decision.[[tagnumber 2]]