{"id":4686,"date":"2014-05-30T13:14:01","date_gmt":"2014-05-30T13:14:01","guid":{"rendered":"\/?p=4686"},"modified":"2014-05-30T13:14:04","modified_gmt":"2014-05-30T13:14:04","slug":"vape-holdings-inc-otcmktsvape-continues-its-downfall","status":"publish","type":"post","link":"\/articles\/vape-holdings-inc-otcmktsvape-continues-its-downfall\/","title":{"rendered":"VAPE HOLDINGS INC. (OTCMKTS:VAPE) Continues Its Downfall"},"content":{"rendered":"\n<p style=\"margin-bottom: 0in;\"><img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/vaa.png\" border=\"0\" width=\"450\" height=\"201\" \/><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=VAPE\">VAPE<\/a> HOLDINGS INC. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=VAPE\">VAPE<\/a>) tried to make a recovery four days ago, but now it is back in the red. Yesterday&#8217;s session cost the company another sizable chunk of its market value, and as a result it is currently traded at $2.13.<\/p>\n<p style=\"margin-bottom: 0in;\">A loss of 9.75% in a single session is not all that unusual when it comes to marijuana stocks, given the market&#8217;s current volatility and its susceptibility to hype. Anything, from a sudden lack of interest, to bad news on the latest legalization developments, to the SEC suspending a competitor in the branch, can send a marijuana ticker to the bottom of the charts at any time. <\/p>\n<p style=\"margin-bottom: 0in;\"><strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=VAPE\">VAPE<\/a> <\/strong>seems unique in that regard &ndash; it&#8217;s been falling for nearly three months regardless of current developments. Why? Because the company seems to have scant little keeping it afloat. <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=VAPE\">VAPE<\/a>&#8216;s <\/strong>most recent financial report contained the following figures:<\/p>\n<ul>\n<li>Cash &#8211; $598 thousand<\/li>\n<li>Total current liabilities &#8211; $556 thousand<\/li>\n<li>Revenue &#8211; $30 thousand<\/li>\n<li>Net cash used in operating activities &#8211; $252 thousand<\/li>\n<\/ul>\n<p> <img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/ssss.png\" border=\"0\" width=\"400\" height=\"178\" \/> <\/p>\n<p>Said report stated that the company had accumulated a $30 million loss on settlement of convertible debt in that same quarter, and that debt has been cleared now. However, the very fact that <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=VAPE\">VAPE<\/a> <\/strong>had to deal with such an issue in the first place does not speak well for the company&#8217;s management at all.<\/p>\n<p style=\"margin-bottom: 0in;\">The topic of <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=VAPE\">VAPE<\/a>&#8216;s <\/strong>management reveals another red flag. The fact that Mr. Kyle Tracey, Growlife Inc. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=PHOT\">PHOT<\/a>)&#8217;s acting president, is currently <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=VAPE\">VAPE<\/a>&#8216;s<\/strong> CEO, CFO and one of the two members of <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=VAPE\">VAPE<\/a>&#8216;s <\/strong>board of directors, can also be considered a major point of controversy for <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=VAPE\">VAPE<\/a><\/strong>.<\/p>\n<p style=\"margin-bottom: 0in;\">Currently, investors are calling the company&#8217;s most recent jump a &ldquo;dead cat bounce after a big drop&rdquo;. Under these circumstances, is it any wonder that <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=VAPE\">VAPE<\/a> <\/strong>has been in decline for some time now, and is still painting the charts red?<\/p>\n<p> <img loading=\"lazy\" decoding=\"async\" style=\"float: left;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/930PLPE_logo.png\" border=\"0\" width=\"130\" height=\"47\" \/> <\/p>\n<p style=\"margin-bottom: 0in;\">Another controversial company that fell yesterday is Creative Edge Nutrition Inc. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=FITX\">FITX<\/a>), who lost 9.64% of its market value to what stock journalists are now calling a &ldquo;stupid prank&rdquo;.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>VAPE HOLDINGS INC. (OTCMKTS:VAPE) tried to make a recovery four days ago, but now it is back in the red. Yesterday&#8217;s session cost the company another sizable chunk of its market value, and as&#46;&#46;&#46;<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[10,21,1293],"class_list":["post-4686","post","type-post","status-publish","format-standard","hentry","category-news","tag-fitx","tag-phot","tag-vape"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/4686","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=4686"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/4686\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=4686"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=4686"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=4686"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}