Vape Holdings, Inc. Announces Financial Results for the Third Quarter and Nine Months Ended June 30, 2014
As the company's third quarter, 2014 results indicate, the company has incurred a net loss of $31,163,951 for the nine months ended June 30(th) due primarily to a substantial loss on the settlement of warrants in the amount of $29,528,844. The net loss due to settlement of the warrants was triggered by full ratchet anti-dilution adjustments in the warrants from a May 2011 financial raise by former management of the Company when it was known as PeopleString Corporation.