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So far the stock of VAPE<\/a> HOLDINGS INC (OTCMKTS:VAPE<\/a>) has registered four consecutive sessions of losses and it seems that the downtrend is getting even stronger. Yesterday the company crashed by more 21% and finished the day at $0.015 per share. A new 52-week low of $0.0131 was registered during the trading day.<\/p>\n VAPE<\/a>‘s <\/strong>chart performance has been nothing short of depressing with the company starting 2015 at more than 80 cents while currently it is hurtling towards the 1 cent per share mark. The stock’s depreciation has gotten especially painful in the past few months – at the end of July the company was still sitting at more than 30 cents.<\/p>\n If you are wondering what could possibly cause such a staggering drop, well, you don’t have to dig deeper. VAPE<\/a> <\/strong>have been diligent enough to regularly file new 8-K forms detailing the dilution of their common stock. Let’s just say that between August 14 and October 29 the outstanding shares ballooned from 11.9 million to more than 53 million<\/strong>. Nearly all of the issued shares came into existence as a conversion of approximately $561 thousand in debt.<\/p>\n The dilution might continue for a lot longer though. At the end of the second quarter of the year VAPE<\/a> <\/strong>reported $1 million in outstanding convertible notes. In August the company sold two more notes totaling $622 thousand.<\/p>\n The results from VAPE<\/a>‘s <\/strong>operations simply cannot offset such a rampant issuance of underpriced shares. According to the latest financial report at the end of June the company had:<\/p>\n • $134 thousand cash The fiscal year of the company ends at the end of September which means that the annual report won’t be coming for another month and a half. Without any way of knowing how much notes could still be turned into common shares VAPE<\/a> <\/strong>will remain an extremely dangerous choice. Approach the ticker with caution and only after doing your own due diligence.<\/p>\n","protected":false},"excerpt":{"rendered":" So far the stock of VAPE HOLDINGS INC (OTCMKTS:VAPE) has registered four consecutive sessions of losses and it seems that the downtrend is getting even stronger. Yesterday the company crashed by more 21% and...<\/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":[1293],"class_list":["post-7452","post","type-post","status-publish","format-standard","hentry","category-news","tag-vape"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/7452","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=7452"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/7452\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=7452"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=7452"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=7452"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
• $818 thousand current assets
• $1.3 million current liabilities
• $282 thousand revenues
• $436 thousand net loss<\/p>\n