Monday’s trading session brought Vapor Group Inc (OTCMKTS:VPOR) a solid start that helped it to recoup some of its losses posted on Friday. The stocks surged over 28% to close at $0.00180. The company has had a tough time retaining its market value lately. It witnessed sharp decline of over 50% in last few days. The last day’s close in green seems that the downward momentum is dissipating.
It would make sense if the latest decline in Vapor stocks is caused by extended period of silence and prevailing idleness towards investors the company showed in last one month. The latest Press Release dated February 19, and relevant filing was reported on February 4, 2015. It seemed logical to investors to withdraw their attention from Vapor as both the news were unimpressive.
It seems to be the core of existing problems of the company. There are simply no developments and announcements to get people excited about the company. More to the point, although the financial numbers in the latest financial report were not that bad, the reality is that the information in the filings is woefully outdated.
The future ahead
Vapor would file10-K form covering FY2014 in almost next two weeks. Until then, the movement of VPOR stock would be highly volatile and speculative. It will represent all the risks associated with blind trading and guesswork. It was evident when VPOR share price slumped more than 18% on Friday despite the fact that it received attention in the form of a pump by PennyBuster.com.
The pump failed to support the declining prices of Vapor Group Inc (OTCMKTS:VPOR). A quick check discloses that PennyBuster is an unimpressive outfit with a poor track record, comprising mainly dirt-cheap and infrequent pumps. The financials of the company don’t look all that dismal, particularly for an OTC markets company, the flood of dilution seems to be a real threat to investor.