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GOING CONCERN "VAPE’s consolidated financial statements reflect a net loss of $3,865,758 during the nine months ended June 30, 2016. As of June 30, 2016, we had cash of $5,410 and a working capital deficit of $1,960,283. VAPE has suffered an accumulated deficit of $32,032,503 and during the nine months ended June 30, 2016, the Company took steps to cease its Offset, HIVE Glass and HIVE Supply, and Revival business lines. The Company also closed its “THE HIVE” retail store in order to reduce overhead costs and focus on HIVE Ceramics. Moreover, the Company curtailed its exploration into providing real estate, management and consulting solutions to the legal cannabis industry in states where such cannabis cultivation and extraction is legal. The Company was never able to execute on any of these plans and ultimately determined that the Company’s capital reserves for such projects as well as the risks inherent in each project due to the current regulatory environment surrounding the cannabis industry made this line of business too difficult to pursue. All of which have resulted in losses and opportunity costs. In addition, the ongoing need to obtain financing to fund operations also raise substantial doubt about the ability of Vape to continue as a going concern. Management is skeptical that VAPE will obtain funding for operations for the foreseeable future; there are no assurances that the Company will obtain such funding. VAPE’s financial statements do not include any adjustments to reflect the possible effects on recoverability and classification of assets or the amounts and classification of liabilities that may result from the inability to continue as a going concern. See Note 10 for subsequent events regarding financing activities.
VAPE is currently involved in litigation with 1 convertible promissory note holder seeking the specific performance of VAPE’s issuance of shares underlying denied conversion notices. VAPE is also currently negotiating with a second noteholder threatening similar litigation. VAPE shall vigorously defend any lawsuits; however, if these noteholders are allowed to convert their respective notes VAPE shareholders will experience substantial dilution."
https://www.sec.gov/Archives/edgar/data/1455819/...16_vapeholding.htm
FINGER WEG von diesem Wert ! Totalverlust in absehbarer Zeit wahrscheinlich. Ohne reichlich frisches Geld bekommen die das nicht mehr gedreht. Nur meine Meinung.
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