Vapor Corp (OTCMKTS:VPCO) Reaches The Bottom Of The Charts

[[tagnumber 0]][[tagnumber 1]]Vapor Corp (OTCMKTS:VPCO)’s chart looks terrible. The company stock has suffered through a lot of sliding down and has lost massive value since the beginning of the year. Back in the start of 2016 we saw the ticker trade for more than $40 per share, but it is now crashing hard and trading into triple–zero land.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Let’s not forget that [[tagnumber 6]]VPCO[[tagnumber 7]] was recently trading on the NASDAQ exchange and has some pretty serious numbers in its balance sheet. The company’s financial report for the fiscal 2015 was filed on April 8 and it contained the following.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 11]] [[tagnumber 12]]cash: $27.2 million[[tagnumber 13]] [[tagnumber 12]]current assets: $29.6 million[[tagnumber 13]] [[tagnumber 12]]current liabilities: $46.8 million[[tagnumber 13]] [[tagnumber 12]]annual sales: $10.75 million[[tagnumber 13]] [[tagnumber 12]]net income: $1.8 million[[tagnumber 13]] [[tagnumber 22]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Despite the impressive numbers [[tagnumber 6]]VPCO[[tagnumber 7]] is actually doing worse in sales than it did the previous year. Still, the company has achieved something that very few OTC entities ever manage to – record actual income. The reason for which it has lost so much value lies in the fact that [[tagnumber 6]]VPCO[[tagnumber 7]] is being savagely diluted.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Let’s also not forget that there are still Series A warrants that can be turned into over 21 billion shares and the company has been authorized to perform another reverse split with a ratio between 1–for–10,000 and 1–for–20,000 shares. In light of this the 25% drop that pushed [[tagnumber 6]]VPCO[[tagnumber 7]] to $0.0003 per share yesterday came as no surprise.[[tagnumber 2]]