This really isn’t news to us folks at WoooHa since we were the first to break that the Juice Crew movie “The Vapors” planned two years ago had no financing to move forward. The situation now? Still the same as no one with the big Hollywood bucks is willing to risk the money to invest in the project.

Actress KeKe Palmer who was slated to play Roxanne Shante confirmed these reports with MTV News. “It’s been floating around for some time now,” KeKe said. “They don’t necessarily have the money to do it yet. But I would love for people to see me be a rapper, to play Roxanne Shant?© from the Juice Crew.”

So there you have it. We have some insiders working on this project so if it ever does get the financing to green light the movie…we will be the first to know.

Last year all the buzz was around the pre-production news of the movie The Vapors which told the story of the legendary Juice Crew. Movie was going to star Keke Palmer as Roxanne Shante and all types of rumors were going around about who would play Marley Marl, Biz Markie, Kool G Rap, MC Shan and the rest of the posse.

Since then, members of the crew have been contradicting each other as to the status of the movie. KRS-One confirmed last year:

“The movie kinda collapsed,” KRS confirmed. “I spoke to Talib Kweli who was supposed to be playing Scott La Rock and I was gonna coach him through that but then the movie collapsed on his end. I spoke to Biz Markie yesteday ’cause the movie was supposed to be called The Vapors and asked Biz ‘What’s up’. I guess they didn’t get the response they wanted. A press release was sent out that didn’t have anything [confirming the production], but it got people hyped and support-but no money came with it. That’s the last I heard.”

Since then Marley Marl and others have gone on record saying the movie still was a go as they were desparately trying to find the financing to begin production for the Summer of 2008. After a closer look into the production company records, WoooHa.com can confirm the project is now dead.

All financing has currently fallen through, the actors who were rumored to star have all moved on and even director Furquaan Clover’s own attempts at financing have fallen through as well. Clover attempted to raise money on his own through his production company website Indie Film Xchange where ordinary investors could put their money in the movie. Now the official Indie Film Xchange website is dead as well. Production Weekly, which follows the production of all TV and films also has no record of the film’s actual production date. With movie studios trimming the fat and releasing dozens of production companies from their deals, the money simply is not there in today’s economy.

Does this mean The Vapors will never see the big screen? The reality is, the script is still there, the director is still there, and the crew still wants the story to be told. All they need is….the money. Maybe Barack can direct some of that Economic Stimulus plan money over to this production because this is a story that needs to be told! But for now it’s official…we will not be seeing The Vapors anytime soon.

Despite Marley Marl’s recent insistence that the Juice Crew movie The Vapors is not in trouble and will still be proceeding as planned, WoooHah.com has heard different. Although news of the film and the cast were well publicized last year, production issues have reached a stand still. In fact, the entire film still has not received any proper funding yet to start pre-production let alone actually sign the talent to contracts.

Marley Marl confirms this by telling HipHopDX “They’re still on the funding tip right now…” Biz Markie also went on record earlier to SOHH.com stating that the project “has basically collapsed.” This does not rule out that The Vapors will never get made, but clearly the project is in trouble and bottom line is currently they have no money for production or to secure the actors to contracts.