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Goodnight all,
Thanks for the many congrats and all the support, its appreciated!
Looking for an interesting day with VYGO tomorrow, and good fortune to us all!
You are welcome.
If you click on VYGO detailed quote and scroll down when the page loads, you will find all recent news for VYGO.
Looking there will show you the same information the rest of us have.
The information you are referring to was a properly disseminated press release, in NO WAY any kind of inside information.
Pepeoil,
Here is your answer:
Voyager Petroleum Inc. Executes Letter of Intent With Scrap USA, LLC
ENGLEWOOD, Colo., Dec 16, 2010 (GlobeNewswire via COMTEX) -- Voyager Petroleum, Inc. (Pink Sheets:VYGO), an emerging leader in Eco--Friendly processing and Oil distribution announces Letter of Intent which contemplates an Exchange of capital stock of Voyager for all the outstanding capital of Scrap USA, LLC.
The letter of Intent contemplates a definitive agreement on or before December 31, 2010.
For some time Voyager has been looking for a catalyst to add significant value to its already existing oil reclamation and distribution assets according to Sebastien C. DuFort, CEO of Voyager.
DuFort further comments that, the contemplated share exchange is an "Excellent opportunity to expand the companies' recycling services throughout North America and increasing shareholder value." The share exchange offers a furtherance of the companies' business aspirations and also calls for the diversification of integrating Oil recovery along with metals and other auto-related reclamation and distribution.
There is tremendous opportunity in the integration and further execution of the business plans of Scrap USA and Voyager according to Vincent J. Smith, CEO of Scrap USA, LLC.
"Furthermore," explains Smith, "We have been committed for some time to developing an integrated brand in Industrial recycling. Although our focus has been on Scrap metal, Voyager will provide the mechanism to roll-out an integrated recycling opportunity in North America, targeting the Automotive Service Center Industry."
About Voyager Petroleum, Inc.
Voyager is a publicly traded mid-market petroleum based brokerage, processing and distributor in an $11 Billion Dollar U.S. market.
The company provides private label and wholesale Eco-friendly petroleum-based products to end users including small to medium sized fuel blenders, refineries as well as automotive and manufacturing markets.
Managements' goal is to deliver high quality products at an affordable price to its customers.
Voyager's strategy has been to build shareholder value through acquisition and growth. The company seeks target companies that may save costs and generate greater revenue from increased capital expenditures, vertical integration and wider distribution channels.
About Scrap USA, LLC
Scrap USA is based in the city of Reading, PA and has been operating since 2007 as a Scrap Metal Recycler servicing commercial and Industrial customers throughout North America.
Scrap has been focused on and successful in targeting the Automotive Service Center Industry.
The company currently provides specialty recycling programs to more than 4000 automotive service center locations operated by some of the most recognizable names in that retail category. Scrap USA's contracted automotive scrap metal suppliers are listed on the Nasdaq, New York Stock Exchange and others are owned by some of the world's largest hedge funds.
The company has procured a solid footing in its current market of Scrap metal. The company is now comfortable with integrating other ancillary products such as Oils, and other automotive related products to its services.
Forward Looking Statements
Statements about the company's expectations including revenue and earnings and all other statements in this press release, other than historical facts are "forward-looking" statements and are made pursuant to the safe harbour provisions of the Private Securities Litigation Reform Act of 1995. Such forward looking statements involve risk and uncertainties and are subject to change at any time. The actual results of the future events described in the forward-looking statements in this document could differ materially from those stated in the forward-looking statement due to numerous factors and other risks identified in the filings made by the company filing with the Securities and Exchange Commission. In reflecting subsequent events or circumstances, the company undertakes no obligation to update forward-looking statements.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: Voyager Petroleum, Inc.
By Staff
CONTACT: CONTACT: Voyager Petroleum, Inc.
Sebastien C. DuFort - CEO
630-532-3625
Scrap USA, LLC
Vincent J. Smith - CEO
877-464-5865
(C) Copyright 2010 GlobeNewswire, Inc. All rights reserved.
If I haven't made it clear I am in as well, and in fact I rarely posted until the last couple of days. Glad to have you here, and welcome any posts you choose to share!
NavyGirl
Tradersrule, that was not necessarily directed at you, it was for the entire board.
NavyGirl
ALL-
Everyone has an opinion to share, and that is welcomed by IHUB.
At this time I am going to remind all of us that we need to follow the TOU's, and that I will be removing posts that are off topic, or are personal attacks, or otherwise violate TOU's.
Keep your posts on topic and have a great Sunday!
Have you tried doing any "standard DD stuff" beyond looking for filings that are unassociated with an acquisition by a non reporting company of a private entity?
Have you actually called Vincent Smith and asked him any questions related to your concerns regarding the financials or the terms of the acquisition as his number has been posted numerous times for your ease of use?
I'm still waiting for your link showing me where this was called or referred to in any way as a RM?
NavyGirl
That would be nice to see. Just need to get past the flippers and the one tick wonders
Pepeoil,
In the stickies you will find that this was an acquisition. Your claim of a reverse merger, I have been unable to find.
Please post a link to your claim of RM.
Thank you,
NavyGirl
Pepeoil,
I never thought that Voyager was necessarily profitable. I looked at what it could become with the acquisition of Scrap USA, my valuation of that business, its clients and its partners. I also looked forward to how well I thought that business could be run under new leadership.
In this case, for me, I chose not to look at the past under a CEO no longer having a say in the direction of the company. I chose to trade a company based on what I believed this acquisition, new direction and leadership would provide.
So to answer your question: NO. There is no way to tell what a non reporting company is doing or is worth.
The only thing you ever had to base a purchase of this stock on was the acquisition. Hope that helps you.
NavyGirl
Have not seen SUNR as an MM for VYGO, no.
My guess is that its a benefit to be non reporting as then they don't pay the expenses incurred from filing, as opposed to "hiding" their financials or other info.
LOL, thanks
A non reporting company is just that: non reporting. Financials or anything else. Doesn't mean anyone is stealing.
And I am correct about my assertation that without proof that a pack of lies is being spread as fact. Do not ever presume to put words into my mouth.
According to the legal system of the United States, one is presumed innocent until proven guilty.
There is absolutely no basis for spreading such blatantly false garbage masquerading as fact.
I'd like to see some financials before I accuse anyone of cash missing. The original question was perfectly fine, but later posts have devolved into defamatory and accusatory statements.
If there is a link showing cash missing from financial statements, show it to me, otherwise, please stop posting your speculation of illegal activity as fact.
NavyGirl
3 @ .0032 X 2 @ .0034
Thanks for looking!
NavyGirl
CSTI back @ .0037 as ETMM moved to .004
1 each now @ 37, 38, 39, and .004
CSTI - determined to keep her as low as possible, needs to be knocked out of the game early
VYGO - up 42% on joint venture news just out:
Voyager Petroleum Forms Joint Venture Operation to Export Used Motor Oil GlobeNewswire "Press Releases"
READING, Pa. , Jan. 21, 2011 (GLOBE NEWSWIRE) -- Voyager Petroleum Inc. (Pink Sheets:VYGO), an emerging leader in ecofriendly processing, oil distribution and specialty recycling programs targeting the automotive service center industry, today announced an agreement creating a controlling-interest in a Joint Venture Operation with an international trading firm for the purpose of exporting Used Motor Oil and other related recyclable lubricants. Through Voyager's wholly-owned subsidiary, Sovereign Oil, Inc. , the Joint Venture Operation was formed with Earth Metal Scrap USA, Inc. to operate export administrative offices from the New York Metropolitan Area and export trading facilities in India and Dubai . Under the arrangement Voyager will provide an on-going supply stream of Used Motor Oil and related recyclable lubricants. Earth Metal Scrap USA will provide licensing authority, to export Used Motor Oil and related recyclable lubricants, from every major shipping port in the United States of America . The Joint Venture Operation is expected to initially export tens-of-millions-of-gallons of Used Motor Oil and related recyclable lubricants on an annual basis.
About Voyager Petroleum Inc.
Voyager (
www.voyagerpetroleum.com) is a publically traded mid market petroleum based brokerage, processing and distributor in an $11 Billion Dollar U.S. market. Voyager also participates in the $75 Billion Dollar global scrap metals market through wholly-owned subsidiary, Scrap USA, LLC , which provides specialty scrap metal recycling programs to the Automotive Service Center Industry. The Company provides private label and wholesale eco-friendly petroleum based products to end users including small to medium sized fuel blenders and refineries, as well as automotive and manufacturing markets. Voyager's strategy has been to build shareholder value through acquisition and growth. The Company seeks target companies that may save costs and generate greater revenue from increased capital expenditures, vertical integration and wider distribution channels.
About Earth Metal Scrap USA, Inc
Earth Metal Scrap USA, Inc. (
www.earthmetalusa.com) is based in Glen Oak , New York . Operating as a privately-held firm since 1994, Earth Metal Scrap USA is an international trading company "providing quality materials to consumers in 19 countries through trading offices in North America , India and the United Arab Emirates ."
Safe Harbor Forward-Looking Statements
To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, future collaboration agreements, the success of the Company's development, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made.
CONTACT: Vincent J. Smith - CEO Voyager Petroleum Inc 877-464-5865
Source: Voyager Petroleum, Inc.
VYGO - Up 50% on joint venture news just out
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=59035414
NavyGirl
gaining support @ .0035 now.
3x3 now
Not until we get the flippers out. They seem to like selling @ .003's instead of letting her move up.
.0036 X .0037
Hawksfan,
Did DuFort say what his position is with Voyager currently? Wilson was pretty prickly about making sure everyone was aware DuFort was no longer an officer or director.
NavyGirl
Finally seeing someone else trying to get answers, good job!
This is the guy to talk to, you won't get much out of Stan Wilson, pres of Voyager.
Vincent J. Smith - CEO 877-464-5865
Good Luck!
NavyGirl
A couple people thought it was a good update. I personally did not. it never impresses me to have questions ignored or sidestepped. It does not impress me that in 3 weeks they haven't been able to give us the terms of the deal, or the valuation of either company which they honestly should know.
I am not impressed yet, nor do I see any difference between Wilson's silence and DuFort's. So far seems to be new president, same playbook, and until I see differently that's how I now view it.
Here is the link back to it. And no he gave no numbers.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=58437889
Have any of you tried to contact new mgmt? I have already posted my contact with them.
I felt it was a better use of my time than sitting around watching our noon seller drag us down, lol.
Just a thought,
NavyGirl
Have stated they will do pr after accepted through otc markets reporting system.
"The agreement and relative disclosures are being submitted to OTC Markets and upon acceptance and posting through OTC Markets reporting system management will release a press announcement regarding the details of this transaction. If you have any questions please contact Investor Relations @ IR@GreenStarEnergies.com."
http://www.greenstarenergies.com/blog/2011/01/12/Green-Star-Energies-Completes-Reverse-Takeover-With-Private-Oil-Producing-Company-And-Appoints-New-Management.aspx
GSRE - up 133% to .0021
No pr yet, but link to why:
http://www.greenstarenergies.com/blog/2011/01/12/Green-Star-Energies-Completes-Reverse-Takeover-With-Private-Oil-Producing-Company-And-Appoints-New-Management.aspx
To you too '71!!
NavyGirl
There it is!! My Favorite expression!! Thank You for bringing it out! Great day gang, STILL holding the shares I've accumulated! Have a great day all!!
NavyGirl
Yes. You can verify here: http://voyagerpetroleum.com/ir-2/
NavyGirl
Maybe you should contact him yourself and let him know your opinion?
I thought I phrased it well enough. Also, he really didn't have to respond to me at all, so I think I'll hang out a few more weeks and see what he's about for myself.
NavyGirl
Free L2 here: http://www.otcmarkets.com/stock/VPRO/quote
NavyGirl
Can't wait for them to hit, but definitely glad to have not only such a prompt response, but now everyone has an email contact for him.
NavyGirl
Not having an email address for Stan, I sent an email to Sebastien DuFort yesterday. Here is the response, along with the original email:
Fw: Scrap Usa acquisition
...
From:
Stan <sfwmergers@msn.com>
...
View Contact
To: xxxxxxxxxxxxxxxx
Cc: scrapusaceo@aol.com
Thank you for your inquiry. Mr. DuFort is no longer an officer or director as disclosed in the several ScrapUSA press releases. Also, the company has not been a reporting company since 2009 and, as such, no longer files periodic reports including the 10K, 10Q or the 8K. With the ScrapUSA acquisition we expect to bring our audits current, re-file for reporting status, make all required filings and move back up to the OTCBB as soon as possible.
Shareholder and investor communication is a very important component of our corporate governance and, as such, we strive to maintain a system of communication that is fair and legal. Simply stated, we seek to disseminate company material events to all shareholders simultaneously so as to avoid allegations of insider information or special treatment. You can expect that we will make any and all relevant, material and timely announcements either by letter, press release or through our websites. Thank you again for your interest and we appreciate your participation as a shareholder.
Sincerely,
Stanley F. Wilson
President
From: xxxxxxxxxxxxxxxxxxxxx
Sent: Tuesday, January 04, 2011 3:18 PM
To: sdufort@voyagerpetroleum.com
Subject: Scrap Usa acquisition
Mr. DuFort,
We got the news of the acquisition, and the stock pps has dropped continually since. As you are still part of the company, I and many other investors want to ask a few questions that we need answers to:
1. When will we see the 8K formalizing the acquisition, and why hasn't it come out yet?
2. what were the exact terms of the deal, and why has that not been disclosed yet now that the deal is done?
We need an update on the terms of the deal, as well as the 8K showing us this has been filed with the SEC, and we need a clear update from Voyager on when they expect to release the financials we are all waiting for.
We congratulate you on getting the deal done, but you have to realize that the stock will continue to decline until we get the filings and updates we feel we should already have had.
I would also like more than a telephone number for Mr. Smith.
Please forward to me an email address where shareholders may contact him along with your response.
Thank you for your time and attention.
Most Sincerely,
xxxxxxxxxxxxx, Shareholder