The answer as I see it:
No, in my opinion shares of Vape are not going to a price similar to $41.25 again. I don’t see it crossing ten dollars again. I don’t see it even holding the current price by the end of the year.
My prediction is that this stock will be down more than 90% within 12 months from the highest price traded on June 17, 2014, the date we issued this opinion.
The reason is that there are just too many convertibles, too high a risk in the preferred share diluting the shares of the stock and a history of reverse splits (Last one effective January 8, 2014). I don’s see how anyone can rationalize that this company has any real value based on the limited assets and very limited business operations.