When it comes to displaying just how epic a bounce play can be, Vapor Group, Inc. (SPLI) very well could be one of he best we’ve seen all year. After rising through February from 0.0014 and becoming one of the hottest penny stocks on the OTC, SPLI stock got splattered when it entered April thanks to a partially correct investigative report published on SeekingAlpha. Now that the actual financial statements for the eCig maker are digested and the shorts have won the battle, the bounce after yesterday’s lunch proves the war is far from over.
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SPLI Stock Quote
Market Cap: 23.22M
Last: 0.086 ▲ +0.0011 (+1.30%)
Dollar Volume: $7,233,332
Issued and Outstanding: 334,381,399
Dror Svorai: 165,000,000
14-Day Rel Strength: 35.49%
1st Resistance Point: 0.0993
1st Support Level: 0.0594
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If you don’t have a Twitter account, you really missed some internet bullying since the start of April lead by the trader everyone loves to hate but has to respect. The battle was really the Yamaka lead battalion of short sellers versus the sheep that follow the #WolfPack and how SPLI stock as going to be crushed into granules of its 0.45 high set on March 26 – the day prior to the SeekingAlpha article.
While there is no disputing the checkered past of CEO Dror Svorai and his history of involvements with penny stock pump and dumps, the financial picture of Vapor Group as misleading at best considering they were based on the numbers provided by AvWorks Aviation which was basically nothing more than a shell. On April 7, Vapor Group amended a previously filed 8K to include their year ended December 31, 2012 and 2013 numbers which allows for a better idea as to what SPLI stock should really be worth.
For the 12 months ended December 31, 213, Vapor Group had cash of $48,177 as part of their $944,120 worth of current assets which were offset by $855,009 worth of current liabilities – $319,527 which were convertible note payables. Not great, but not bad either.
However, for the 12 months ended December 31, 2013, Vapor Group reported net income of $161,720 from revenues of $1,991,023 which resulted in a gross profit from sales of $1,124,273. The increase in revenues of $1,952,927, or 5,126%, are a real eye-opener which can’t possibly be overlooked. This positive fact coupled with the extremely risky fact that Dror Svorai is likely to do to SPLI what he has done before with other, less successfully popular OTC stocks makes for a real dilemma when trying to re-enter or average down for those who got caught int he short attack.
Apples for apples, the bounce from 0.0461 to close at the HOD, an 86% gain if timed perfectly forces attention to SPLI stock this morning. When asked where the shares are going to close and if SPLI can revisit a price above 0.12 in the near future, you’d damn near have to be “Sykic” in order to put a thumb on that kinnish.
About SPLI Stock
Vapor Group, Inc., fka AvWorks Aviation Corp., is a development stage company in the business of designing, developing, manufacturing and marketing high quality, e-cigarette brands which use state-of-the-art electronic technology and specially formulated, “Made in the USA” e-liquids, which may or may not contain nicotine.
Last 5 Trading Sessions:
You would have to be an idiot to not know the shorts are coming after this penny stock again today since the weak hands holding SPLI stock have been feeding into the hootzpah like a bunch of gossiping golden gals. Be that as it may, the volume that SPLI stock traded on yesterday may have not only brought back the #WolfPack, but since every marijuana stock and their mothers are getting crushed like grapes, it might just be the only highly active ticker worth playing.
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