{"id":4666,"date":"2014-05-28T12:14:40","date_gmt":"2014-05-28T12:14:40","guid":{"rendered":"\/?p=4666"},"modified":"2014-05-28T12:17:02","modified_gmt":"2014-05-28T12:17:02","slug":"vape-holdings-inc-otcmktsvape-tries-to-make-a-recovery","status":"publish","type":"post","link":"\/articles\/vape-holdings-inc-otcmktsvape-tries-to-make-a-recovery\/","title":{"rendered":"VAPE HOLDINGS INC. (OTCMKTS:VAPE) Tries To Make A Recovery"},"content":{"rendered":"\n

VAPE<\/a> HOLDINGS INC. (OTCMKTS:VAPE<\/a>) has been painting the charts red with a continuous downward streak for some months now. Yesterday it rose 14.97%, despite the negative commentary about it on the web and the shrinkage of the marijuana market due to SEC suspension-induced fear.<\/p>\n

The company had been a popular choice for investors even before the marijuana rush hit the market with full force. Back then VAPE<\/a> <\/strong>was called Peoplestring Corp. and fluctuated around the dollar mark, despite its obvious shortcomings. A 40 to 1 reverse split and a tremendously spectacular crash later, the company is traded at $2.15 and market cap has been reduced to a scant $18 million. <\/p>\n

Technically it is true that the company was traded as a pot-stock for a while, so it may appear odd that the company has been in decline despite the green rush. However, no amount of hype and hope can compensate for the fact that its 10-Q showed that it had $20 thousand in total assets and NO REVENUES at the end of 2013. Its most recent report shows a bit of progress, but also reveals a ton of red flags:<\/p>\n