Molen has sold around 400-500M shares of VGPR without booking hardly any money on the balance sheet of Vega.

No consultants have been found so far, who have really received stock from Vega.

Under the ticker symbol VGPM, Molen sold around 200M shares, collecting at least $2,4 million. This was booked on the accounts of Vega, but all the money has been cleared and the company has never showed cash on the balance sheet even close to that amount.

Thus, all the money from the share sales of VGPM/VGPR since 2007 is beyond the reach of the company (and shareholders), most likely in the personal accounts of Mr Molen. No shareholder value has been created, even though up to $5 million worth of shares have been issued and sold on the public market.

This is evidence of a massive securities fraud.

SEC should be obligated to make a case against Molen, if (when) they find enough reason. Is this not the case?

I am not a law expert, but if a government investigation finds wrongdoing, should it take the case in court automatically?

Do we really need to make a class action?

Carlstock is Molen himself. Do not mind his advices to contact Molen. He is the only one here to continue the promotion of Vega with the same rhethoric from day to day.

Carlstock does not mind to provide any facts that would build confidence with Vega. The only advice he gives is to contact Molen. Molen has been investigated by the SEC during his Sanswire company, and has been investigated after screwing poker investors in association with Robert Clark's poker personality theft.

Molen cannot give proof he has any real projects ongoing. What Molen is waiting is to resume the trading of the stock so he can dump more shares to unaware investors, who think the company is able to bring revenue one day.

Molen uses recognised people's names in association with Vega to be able to pump the share price so he can dump more shares. Examples of this tactics are poker player Robert Clark, energy expert Michael Knauff and Robert Chew, who is the latest one to have filed a SEC complaint on Vega.

Vega has no resources to realise any of the projects it claims to have, and the only (obvious) purpose of this company is to benefit Molen's personal finances.

The projects cannot be proved to exist at all. This is why we have filed with the SEC. I hope more investors will not be damaged due to Vega (Molen).

Molen speaks through different usernames:

-xrftester
-VegaOriginal
-grunt
-carlstock

No need to do this, Molen, we know the truth of your business now.

Still waiting the trading to resume?

Thus Robert Clark never received the 200M shares (read the latest by pokerpoker), half of which Vega stated in a press release, had been cancelled.

"This is a good thing for shareholders" (to cancel 100M shares), was the quote from an officer, stated in the news by Vega.

Yet another proof, that the only seller (besides stock promoters) on the open market, of the shares of Vega, has been Michael K. Molen.

Has any consultant really been paid with shares?

This is a question, which should be answered, and if the answer is 'NO', we can go after Molen to get him behind bars. The case of Robert Clark (Bob the Butcher) alone is enough to get him in court.

Look at the history of the guy whose shares you have bought. You have made a mistake, like I did, but now it is time to kick the shit out of this buddy, who has promoted (non-existent) projects since the last three years with no other outcome than more press releases about new projects, which nobody could realise with the resources Vega has.

Actually, Mr Molen looks to be hiding from authorities by changing residence all the time. He uses six different social security numbers (according to SEC investigation in 2003), has escaped arrest by post dating bad checks and so on and on (read my previous messages, there is the evidence).

Where the hell do you think this buddy creates value for shareholders. The guy is running all the time (not to be caught).

What are your investment basics? That will the stock resume trading or not?

Please provide the facts investors need to have confidence with the company, whose projects do not seem to exist at all. It has no money as of Jun 30, 2010, on its accounts, no building permission to show, no land it owns, no talent to build a one of a kind bio-coal plant, yet it claims it will produce bio-coal by the end of 2010 in Georgia.

Are you yet another Molen character on this board. He is expert in personality manipulation, that we know from his Butcher Poker times.

Would you let him sell more shares into these great news now?

This board has been occupied by investors and other parties, who are after facts on the projects Vega is promoting through press releases.

If no proof can be found of the existense of the projects, the company claims to have, we are victims of a massive securities fraud.

Unfortunately, the above scenario looks to be the one that is most likely, to the knowledge accumulated on this board since Mr Robert Chew, former JV partner of Vega, announced through his Brazilian partner, that he has filed a SEC complaint against Vega.

A SEC complaint is nothing new to Mr Michael K. Molen, Chairman of Vega. In a message by pokerpoker below, is told about the previous complaint by the poker investors two years ago. Molen's former company, Sanswire, was also under investigation of the SEC.

You agree with a guy who never answers the questions other posters present, yet they are critical to create confidence for investors, and who keeps posting with his rhethoric knowing that investors cannot prove the negatives.

What do you think of a person who has six different social security numbers and sells stock to investors, who are pledging their hard earned savings in the expectation, that a company carries out projects, which create shaholder value, but nothing real ever happens and the projects look to be fictitious?

It is hard for me to imagine, that people like you can go free in this world.

Are you Molen with another username?

Just look at what Bernard L. Madoff did in his ponzi scheme (largest in history). No trade was real in his accounts. He was almost the only one aware of the scheme, without even his sons knowing the truth.

It is useless to ask anything from Molen. A person carrying six different social security numbers having escaped arrest through post dating bad checks (according to SEC investigation in 2003, see my earlier messages), and screwing investor since 2007 with projects that he cannot have proved to exist, what do you expect to hear from the mouth of such a person.

The only way to cover anything from our investment is through a legal case.

Molen has raised an estimated $3-4 million from investors since 2007 through the sales of Vega shares, most of which most likely have gone to his personal accounts.

There is no reason to waste our time in listening to Molen (any more).

To help the (coming) investigation, we could gather info on the company officers and partners Molen claims to have paid in shares.

Who are Mr Michael Herron and Mr Dan Willcox, listed as directors on the Vega accounts? Are they living persons? Could they be fabricated personalities?

As Mr Chew has told, Mr Michael Knauff had merely given his name to be used on the Vega filings. Would anybody be paid with (tens and hundreds) millions of shares for just giving his name to be used in press releases and company accounts?

According to the interim report of the period ended Mar 31, 2010, Dan Willcox was paid 75M shares on Feb 10, and in the interim of Jun 30, the shares were cancelled on Jun 29.

This resembles the payment to Mr Robert Clark, alias Bob the Butcher, in 2007, who had been paid 200M shares, half of which were cancelled in 2008.

Robert Clark had given his poker personality to be used by Vega. A few months later, he refused to have any business with Vega, although Molen claimed, they are still partners.

The Bob the Butcher poker site was closed due to (technical) problems, and the money deposited on the site by players, were (never?) refunded.

The web site of the Poker Tour of the Americas (PTA) was launched, with event destinations listed in the North and South America.

During the poker tour plans and promotions, around $2.2 million (that was raised from investors) had been cleared from the accounts of Vega. With no outcome from the projects, that is a lot of money to have been spent.

Was Robert Clark ever selling Vega shares on the open market? Did he really reveive shares from Vega? These are questions, I would like someone to answer.

I just created Hotmail account, screwedbymolen@hotmail.com.

I will collect messages concerning Vega at this email, and follow up from my usual email.

Spider, can you give your email for a moment, so I can email you, if needed.

You can edit your message and remove the email address within 15 minutes after posting.

Molen's logic is that investors cannot prove the negatives. This is one of the basics of the discipline of logics. That way he could carry on posting news on projects, which nobody can prove non-existent.

However, in court, Molen should be able to prove, that he has had the projects and partners mentioned in the press releases of Vega. If he is not able to prove them to have existed, the contrary (that they did not exist) will be assumed to have been the case.

Can you find proof that any of the projects the company has claimed to own, is real?

We do not need to call each others with names like 'idiot', 'nuts' etc. Just find facts that can prove something that you present here. 'What if' and such reasoning can be made about anything.

Do you think trading of Vega will resume after the SEC complaint. It might well be halted from trading. Things can be executed fast during the internet era.

Why would anybody be crying about this matter? Investors take risks and must accept losses.

If you look at the history of Vega, you will find that no one of its projects can be proved to have existed the way the company has claimed.

You are (almost) the only one who has not stopped posting (baseless) messages on this board after the filing of the SEC complaint by Mr Chew was announced by his partner.

We have to act collectively to get this matter sorted out. Otherwise the same pattern will continue, and more investors lose money. I am not waiting the share price to rise any more.

We (and Molen also) need facts to prove the projects of the company are real. Even one fraudulent press release in connection with shares sales by the company (or affiliate) is a serious crime.

Read my previous post on the Joint Venture 'Biomass of the Americas' and the 'Green Vally Project'. No public company can announce such projects in the press (without consequences), if they are not real. NONE of Vega's projects can be proved to be real. Or can you find the proof?

This matter concerns perhaps hundreds of people who have lost their savings. I wish everybody here understand the seriousness of this matter, and the scale of the fraud Vega may be involved in (that is, Mr Molen).

Carlstock does not seem to have any sense of justice. He does not respond to my questions of the lacking proof of feasibility and existence of the projects the company claims to have. This person could well be Mr Molen.

I have read your posts for a long time, and sometimes I thought you are a paranoid person who has some kind of obsession to write on the board about Molen as a revenge.

Now I see you are one of the few writer's here, who knew the motives behind Mr Molen, since his (supposed) scheme became predictable. I was finally enlightened only couple of days ago, when Mr Chew announced about his SEC complaint through his affiliate. I am surprised that none of Vega's affiliate did not react earlier (this is why I allowed the questionable behaviour of the company), and that is why I suspect that most of them are fictitious. Thank you for your effort here.

We have no other chance but act collectively to get justice for investors of VGPR/VGPM.

Then he will have to appear at the court too. Molen looks like continuously changing residence. How can he sue anybody? Can he even be found anywhere.

Investors of Vega Biofuels have most likely been abused through a massive (ponzi) scheme, where the company has no other real function than selling stock in connection with releasing news about fictitious projects, that it claims would generate revenue in the future.

The scheme has continued since at least from the autumn of 2007, when the company used the name Vega Promotional Systems (VGPM), claiming it was arranging poker tours.

All the investors who have lost money in Vega, should act collectively to get Mr Michael K. Molen into justice.

All the parties affiliated with company, including the ones, who have benefited from the sales of stock of VGPM/VGPR should be investigated, as they are in a way or another, part of the supposed scheme. Such money cannot be considered to be lawfully earned, and the accounts, where the money has ended, should be investigated. I refer to the investigation of Bernard L. Madoff, who ran the largest ponzi scheme in history, and is now jailed.

Let us start collecting details on how much each investor has lost money in Vega Biofuels (VGPR) and Vega Promotional Systems (VGPM).

My loss is: $13,785

Do you agree that, if a company releases news, investors should be able to check their validity?

Vega has not yet realised any project it has made news about, and nobody can find evidence, that they even exist.

If we buy shares of a company, we take risk, that the company may fail in its projects. If the company has no intention to carry out any real project it has made news about, then we have been abused, and the money we have invested in the company, should be refunded by legal means.

Former JV partner of Vega, Mr Robert Chew, has filed a SEC complaint on Vega, where he testifies, that the company's projects are not feasible or they do not exist.

Is this the America you want to live in? Our savings can be sucked by a company, whose only function looks to be selling stock. Do you allow Molen to do this?

Thanks for telling your real name. It cannot be verified though. I do not want to disclose myself, as it is not required on this board.

Please do not call me names. It is not needed here.

Who are you really? Can you disclose yourself and write with your real name? I would like to know who has the courage to defend Mr Molen.

Just read my previous post and you will find many facts that should have taken him to jail long time ago.

Agreed?

Then you have many things common with Molen? Please tell more about him.

Use your brain and stop defending Molen. Or perhaps you are Molen? The America you live in is a constitutional state, where investors are protected by law.

What comes to Bill Gates, his company is worth more than $200 billion. That is some value for shareholders, is it not.

Info on Molen's earlier company Sanswire:

From a web page:

http://www.groupsrv.com/science/about495479.html

A lot of claims are made about Sanswire's technology, but it all remains unproven or they are things that just about all other airships are already capable of doing. These airships haven't even been flown at altitude for an appreciable length of time to be flight-tested. Most disturbing and misleading above all, is how this article doesn't mention anything about Sanswire's reputation or history.

Larry Greenemeier fails to mention that Sanswire(ticker symbol "SNSR", and trades on the OTC.BB) used to be known as GlobeTel and is currently getting investigated by the SEC, FBI and IRS(the IRS issues prevent them from even getting a Defense Department contract, if the DD wanted anything from them). Greenmeier similarly fails to mention that Sanswire/GlobeTel has been charged with fraud by the SEC, and has received a Wells Notice from the SEC. He also left out that Sanswire/GlobeTel's former CEO(Timothy Huff) was recently indicted on criminal charges, and the former CFO of Sanswire/GlobeTel is in jail serving a 36 month sentence for tax-fraud. 3 other former Sanswire/ GlobeTel officers have been charged with fraud by the SEC.

The trading of this stock should be halted, after (former) Joint Venture partner in Brazil, Mr Robert Chew, filed a SEC complaint on Vega.

Mr Chew has evidence, and hopefully will act as a testifier, that the projects the company has released news about, do not exist, or cannot be realised in the scale the company claims.

Joint Venture 'Biomass of the Americas'
- no JV partner can be found in Brazil (or elsewhere) at all

Green Valley Project
- not enough methane gas to produce more than 400 KW of power
- the company claims it will produce 5 MW (=5000 KW)

His reaction is perhaps to 'RUN'.

According to a SEC investigator in 2003 (from Rip-off, see my two previous messages):

"Has about 6 different social security numbers associated with his name and address."

If the company has no intention to realise any of the (fictitious) projects it has published news about, why would it pay consultants in shares. If that is the case, the consultants most likely do not even exist, and the money from the share sales has gone to Molen.

Releasing news about a Joint Venture to produce bio-fuels in Brazil (Biomass of the Americas), without even having a JV partner, would be misleading investors. The company selling shares by time the news was released, would make the fraud more serious.

If the SEC carries out an investigation on Vega, all the above details (among others) will be checked, or at least they should be.

The parties, Tokyo Consulting and Dan Willcox, to whom the company paid 150M and 75M shares on Feb 10, 2010, should be checked.

Are these parties in existence?

If the company claims to have paid shares to non-existent parties, the seller of the shares on the open market may have been Michael K. Molen?

Thus, all the money from the share sales could be found on the accounts of Molen.

From Rip-off: Michael Molen - Sanswire
1455 Lincoln Parkway NE, Suite 150
Atlanta Georgia 30346
U.S.A.
Phone: 678-318.3449
Web Address:

Category: Bad Check Writers

Submitted: Wednesday, October 15, 2003
Last posting: Monday, December 01, 2003
He wrote bad check of around 50,000 for equipment purchased and escaped arrest by post dating them by few days. Under GA law, a post dated check is handled differently. I tried but could not get the Michael Molen arrested.

Similarly, he got sued for 84K from YDI, a company in VA for non payment.

Has about 6 different social security numbers associated with his name and address.

SEC Atlanta office currently investigating him.

Nusrat
Rockville, Maryland
U.S.A.

I rely on SEC investigation and Mr. Chew as a testifier.

Mr Chew is the only (insider) person so far, who has taken action to bring Mr. Molen to justice.

What we need to prove, is that the press releases of the company are fictitious, and the company has no talent or intention (or money) to realise the projects announced in the releases. Thus, Mr. Molen would be running a fraudulent scheme, where he sells stock only to his own benefit, when the news is released.

As a constitutional state, the US is obliged to bring such schemers to justice to the benefit of the shareholders.

We do not need to travel anywhere. The SEC will do the investigation.

You can wait for the share price to pop up again and exit the stock at a higher price, but that is not enough for me.

I will find out what is going on with the company, not expecting to get reliable info from Mr. Molen though, and act accordingly.

I hope I can do this with the help of Mr. Robert Chew.

I trust you are willing to collaborate with me as well.

Now show me please some thinking capability. Why would I ask the company, if I suspect wrongdoing? Would they tell the truth.

The shares issued as compensation have gone to off-shore companies or non-US residents. The financial statements are unaudited, so we cannot prove, that the mentioned parties have really been paid with these stock.

Nothing has been achieved through these payments. Just press releases about huge projects that would need a lot of talent and money to realise.

If the Green Valley project cannot produce more than 400KW of power, why is the company saying, they will produce 5MW (=5000KW). The generator sets have not been purchased, though, according to financial statements.

Why nothing is accomplished despite of the company paying huge amounts of stock for compensation of services?

Who are the real receivers of the stock the company has issued as compensation?

After waiting for the last three years, as an investor, I want the answers to these questions. To get them, we should have SEC investigation of the company.

Please show me some clear thinking. What difference is there, if you have bought a stock from the public market or directly from the company?

All the shares have been issued by the company. Can you see a connection between a company and its shares? Do you think shares are just some separate paper not related to the proceedings of the company.

I did not buy the shares to sell them the next day. I have invested in the COMPANY, and assume it to create shareholder value, as it states on its website and other docs.

What about the other projects? Can you find proof that they are real?

Where is the talent Mr. Chew says is lacking from the company, to build a bio-coal plant, one of a kind has perhaps never been implemented before. Where is the company finding this expertise and money.

Think now what the company publishes in its press releases. They will do that and that, yet every project faces 'problems' before they are even initiated, and end up to be cancelled. Share sales continues through a R/S, and new press releases appear. The projects they claim to carry out look huge compared to the size of the company behind them (Vega), with the only employee being the Chairman, Mr Molen.

Who is idiot here?

I cannot carry on this anymore, if the Brazilian JV partner has really quit the venture.

Mr Chew is the one I trusted to make revenue for Vega. Now he is suing the company. Enough is enough. We have to take action.

The message written by his partner on this board is very well edited. Not anybody can write such text. I take it seriously. It is not like most of the rest of the messages on this board (bashing or pumping).

I can see who is serious and concerned of investors, and who is just speculating the stock and posting accordingly.

I am asking for contact info of Mr Chew. I can send email or phone him (or chat with him etc.). I am waiting to get his email address. Otherwise I will have to call him.

I have been following the board since about two years ago. I created the username no earlier than yesterday, and have never been participating in the board before.

What made me to take action, was Mr Chew reporting about a ponzi to the SEC. It is the first time an affiliate takes such action on Vega, and it is enough good a reason for me to start a legal act also.

I have lost thousand of dollars in Vega. You must be able to understand, that I want my money back. Think of the people, who have invested tens of thousands in Vega.

I have taken risk in this investment, but also assume, that the company is creating value for shareholders, as it states on its website and other documents. Now I see, based on Mr Chew's findings among others, that company has no intention to realize any project it has promoted. Actually, the projects do not even seem to exist at all.

If Mr Chew is right, which looks very like, we have to take action to get Molen out business as soon as possible and stop his share selling.

He is helping investors, as it is the purpose of this board. We must have the right on this board to announce that we file a SEC complaint against a company. That important to know for future (and past) investors.

Why are you telling about you feelings. Just forget them. We are investors on this board.