17 Feb DogInn Inc (DOGI) – now Vapor Hub International Inc (VHUB)
We've had our eyes on DogInn Inc (DOGI) for a while, but have been waiting for some clues as to which direction this shell might be headed before doing a report. Some clues are starting to emerge now. On Friday, February 14, 2014, DogInn Inc (DOGI) merged with a newly created Nevada business entity called Vapor Hub International Inc for the mere purpose of effecting a name change for the shell. The name change/merger filing follows a 9:1 forward stock dividend in January of 2014. DOGI seems to be on its way to a future paid promotion.
The shell was originally incorporated as DogInn Inc on July 16, 2010 by Tom Bartlett of Ontario, Canada.
Bartlett worked as a Brokers Assistant at RBC Dominion Securities in 1997, but beyond that he really had no experience in publicly traded securities. His most recent employment was with C&C Coatings, a Sarnia, Ontario based applicator of Teflon and Powder Coating to metals that he founded in 2006.
As the founder of DogInn Inc, Bartlett was issued 5,658,776 shares of common stock at a price of $0.0025 per share.
DogInn Inc also sold 3,340,000 shares at a price of $0.01/share to 33 friends and relatives of Tom Bartlett on December 22, 2010.
The business plan for DogInc Inc was to become a resource for travelers seeking information and resources regarding pet friendly accommodation, services and products. The company had no operations at the time it filed an S-1 to go public on April 11, 2011. DogInn Inc told the SEC that it planned on initiating operations some time in the Spring of 2012.
Helping with the S-1 filing was attorney Jody Walker. Ms. Walker was previously done legal work for paid promotion tickers PVTA, DMHI, NAMG, and KRED.
The S-1 filing was approved by the SEC on July 12, 2011. DogInn Inc was given the trading symbol DOGI.
Failed business operations
One of the biggest signs of a future paid promotion is when a company goes public as a shell with a forward looking business plan then doesn't make any attempt at all to even initiate that business plan. DOGI didn't even develop their website at doginn.com.
By the end of 2012, DOGI was out of cash. The plan was obviously never to try to become a real business, but rather to get the SEC to approve the S-1 filing then later do a change of control and forward split to set up the insiders for an insider enrichment scheme possibly including a future paid promotion.
Change in Control
On September 6, 2013, Tom Bartlett stepped down as the sole officer director of DOGI and Robin Looban became the new sole officer/director of the ticker.
Ms. Looban was from the Philippines where she had spent the last 10 years as a financial services manager at Prime Gallion Cebu International in Manila Philippines.
Ms. Looban was obviously just a place holder until a future merger candidate could be found to bring the business operations into the shell that would be needed for insiders to sell their stock into the market.
On January 8, 2014, Robin Looban approved a 9:1 forward stock dividend.
FINRA approved the proposed dividend on January 17, 2014 and the split occurred on January 21, 2014.
The day before the split was executed, DOGI traded 190 shares giving the ticker a price of $4.00/share. With the 9:1 forward split that price reset to $.44444/share. DOGI has yet to trade again since the dividend.
New Share Count
Authorized - 140,000,0000
Outstanding - 80,988,984 shares
Tom Bartlett - 50,928,984 shares (restricted)
Seed Shareholders - 30,060,000 shares (free trading)
On February 3, 2014, a brand new Nevada business entity called Vapor Hub International Inc was created for the mere purpose of using the new entity to merger into the DOGI entity to effect a name change for the shell.
That merger took place on February 14, 2014 and DOGI has become Vapor Hub International Inc at the Nevada SOS.
So far that is all DOGI has done is a name change with the Nevada SOS. The ticker has yet to get approval from FINRA to officially change the name of the ticker and DOGI has yet to file any 8K to disclose an acquisition. We can however use the name change as a bread crumb to possibly predict what will happen with DOGI next.
What will happen next
The name change is almost always a sign that a future acquisition is on the way almost definitely with a company by the name Vapor Hub that is not incorporated in Nevada.
I quickly spotted a new domain at vaporhubint.com that was registered on February 7, 2014 by Lori Winther.
The website started being set-up as a word press site on February 13, 2014, but has a long way to go.
Ms. Winther set up a company called Vapor Hub Inc in California on July 12, 2013.
Vapor Hub Inc has its own website at vapor-hub.com which was founded in 2008 and sells high end e-liquid and vapor products.
Vapor Hub has 2 retail locations and an online store as well as a shipping department and a wholesale department.
If this merger/acquisition does happen we'll probably see new shares issued to the Vapor Hub executives giving them majority control of the DOGI shell and Mr. Bartlett will probably cancel his 50,928,984 shares.
So Vapor Hub is a real company with a real product. Is this the company that we'll soon see acquired or merged into the DOGI shell? Right now it is our best guess that it will be. If Vapor Hub does become a part of the DOGI shell and DOGI does get a future paid promotion it could be a good one especially since most ecig companies are now bridging into the marijuana industry.
30,060,000 seed shareholder shares are the perfect amount for a good newsletter promotion.
At this point we'll just have to wait for any merger/acquisition to become official then for the stock to start to actively trade. The merger/acquisition will probably come with a name/symbol change.