Source: Equities Focus – Jeff Adams / on November 5, 2014
VAPE HOLDINGS INC(OTCMKTS:VAPE) after a stock split in January 2014 started seeing a gradual rise which led to a high of $35.90. Unfortunately the high was followed by a descend and is now currently trading near its support levels at $1.34.
Lowest VAPE saw in the last 52 weeks was $0.36 and the highest at $41.25.
VAPE HOLDINGS INC(OTCMKTS:VAPE) has been keeping itself in news and announced in September 2014 about their product expansion plan of HIVE glass line.
VAPE HOLDINGS INC (OTCMKTS:VAPE) focuses on designing, marketing, and distributing various vaporization products. The company offers medical and food grade ceramic products primarily under the HIVE Ceramics brand throughout North America, Europe and South America. HIVE offers a nonporous, non-corrosive, chemically inert ceramic vaporization element, which can be used for a range of applications, including stand-alone vaporization products and electronic cigarettes. The company is based in Woodland Hills, California.
VAPE HOLDINGS INC (OTCMKTS:VAPE) a holding company focused on providing healthy, efficient, and sustainable vaporization products, is pleased to announce the newest line of products under the HIVE brand, HIVE GLASS, which is set to release on or before December 1, 2014. The HIVE GLASS line is precision made using state of the art manufacturing processes and techniques, and exclusively uses German Schott glass and fittings through all production phases.
“We have been researching and developing our production glass line for many months now, with the help of our extremely dedicated and experienced team, as well as various industry experts and glass manufacturers. We have developed what we believe to be an affordable, very high quality product that is both aesthetically pleasing and highly functional. Our existing customer base and distribution network will be the catalyst for expanding our HIVE brand across all vertical markets.”
“The strength of HIVE as a brand has proven itself through the Ceramic line and we expect to see that pattern repeat itself on many levels throughout our sector,” stated Vape President Joe Andreae. “We are very excited to begin using our industry relationships to jump start the release of several new lines, with HIVE Glass only being the first to roll out,” added Andreae.
VAPE HOLDINGS INC(OTCMKTS:VAPE) was able to generate revenue of $84 K for the year ending December 31, 2012.
It has total assets of $15 K and liabilities stand at $32 K with shareholder’s equity negatively at $17 K.
Keeping in view the fundamentals, market capitalization at $13.35 M is clearly overvalued.