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Painful....again...
the most volume...some buying but now the bid support just dropped away....down to .007 and asking under a penny....
This just plain sucks....IF there is a 'there' there....then there should be some support + interest in shares. If this is another insider deal merger being worked...with dilution and no interest in common by stakeholders ...then common holders will go no where.
Mgt reversed....still unclear why they needed to unless to get control of shares....but now seems no support....so no one there....a bad sign
The history as painful as it was is over... The only issue for old holders is seeing value adjust to recover from the RS.
But the positive is , as you say, a pretty good share structure...
6-7 mm OS (rough)
3 mm float (rough)
All old past vencor/vega scam management out and issues settled.
Plad team out of corporate positions to allow for a RM with another company.
Right now the company trades at .017 or about 120k
With a reverse with a company that is real and has revs plus growth picture no reason to think we won't trade at a cap 10x higher or even much higher.
Heck a 2 mm cap would bring us a share value of .20.25 cents ( with current structure).
Risk reward here is pretty good
Agree the structure looks good
But hard not to look at history .... And the RS.
Need to see this get to .20 plus to get back on right direction ( for pre RS value)
But hopeful we will see progress
There is integrity to shareholders
IF as you say there is reasonable issuance of new shares, or large flings shares coming free - in short a mgt that seeks to be transparent.
I didn't scrutinize - don't they have a current qtr due to be 'green'?
The lawyer has to sign off on being current ?
the float - not sure where they come up with this number...
track the volume of shares over the last 3 months...WAY over the reported....
if the co wants to be taken seriously it would be good for the numbers to be reliable...or to offer a note to holders re the massive trading at low volumes that clearly are beyond the float
not sure if your order is still out
odd trading...small buy and even tinier sell....
not the interest either way i am looking for.....
no smoking guns here....
not sure what the issues are...these type sites try to have you buy in by teasing possible issues...
could be jaywalking or totally unrelated. The Plad could be dated - and in any case Plad INC is broken from Plad LLC - (THAT issue concerns me more).
But I take this as written on OTC...they are working on getting a new company in here in 90 days.
The shares were updated as of lawyer letter. So float and OS are very favorable IF they can drop a real company.
My concern is judgement...NO one had gotten rich off of the last 2 fiasco's (Vencor-Vega and Plad). A waste of 2 -3 years. My concern is how the same mgt owners that bought those deals not commit the same errors.
My concern is the strength of any biz dropped in - if another Plad we go nowhere....
There is no reason to sell out...and every reason to hang on despite poor past track record.
IF a real company is dropped in...then we could see 3-4x up from here easy
I wasn't able to - can you share why it was interesting?
Gator good to see your doing well.... I meant Vance was history in regards to having a role with vega....
Vega now trades at bid AND ask of .0001, no news, no follow up, stop sign.
Interesting
Did you follow through the links to see details?
I don't agree all gone - they went from yield to green after posting the changes... This is not cheap or sign of no one home.
Not sure what is going on - but stated plan is 90 days for new company merge... Another 45 days or so
Anyone left holding and following?
No trades - mgt invested in getting this green - 90 day estimate on result now about halfway....
The key will be if they land a company with real growth possibility , ethical mgt with common share stake w minimal dilution ( at least relative to earnings / revs and real potential), and resources to market and grow.
With only 6-7mm os, and current float at 2-3 mm- could really be huge.
Vance???
That ship sailed... There is nothing happening....
The last 'deal' reported in Dec also disappeared ... No comment ... In fact another false pr w no follow
Last trades ( again another 10mm) , going off under .0001!!!!
Common holders are shafted
20mm sold at .0001
Again - more than entire listed float. And again this isn't trading - the last big bulk share trades were also sales... Can't go lower just dumps...
All insider stuff - too small for SEC to care....but with stop sign, no update of any sort from the only staff member for months... Repeated sells driving this into the ground...
A tar pit
who knows why...
but clearly millions of shares sold by holder(s) who have many more shares than reported....$1000 might be the best he/they can get if it goes belly up...
If awarded for 'work' , in effect free then still $1,000.....
Eye on the ball is how anything...anything now or in past has been managed with fiduciary duty and interest and transparency for common investors who relied on company releases, emails, conference calls, and filings to make judgements.
That this is a PS is not license to mislead, misreport and not comply with the existing limited SEC regs and ethics in the interest of common holders
10mm sold at.0001
I guess this is mikes paycheck ..,
Incredible....10mm is more than reported float
the pre-market sells
along with aggressive puts should be looked at - DB downgraded to a $44 price....insane given cash on hand , market and PE.
Likely an aggressive shake out to exit short positions....rigged!
Could see nice pop in next few days...good entry
FYI re trading shares without reporting
Following up on the huge numbers of shares trading with no release or filing to public
and now stop sign
From OTC
No Information Warning (STOP SIGN)
This company may not be making material information publicly available.
If you are an affiliate, employee, insider, or any person in possession of nonpublic material information about this company, please be advised that buying or selling this security may constitute trading "on the basis of" material nonpublic information prohibited under Section 10(b) of the Securities Exchange Act of 1934 and Rules 10b-5 and 10b5-1 thereunder. Violators of these laws are subject to civil and criminal penalties.
coming to the end...
another rs..then went down from there...a 'partnership' late last year that AGAIN just collapsed with no update...late financials with no sales, dilution under cover (AGAIN), with many times more shares shown trading than reported...
you know same old...
now stop sign...
I just stay on to witness from past....lost a lot trusting past schemes...NONE which came through over many years
Live and learn
You may be right...
However there is a cost associated with being a viable shell, and for those companies that are in the small range with revenues under 15mm it might make sense. Certainly it would make sense for insider holders (however many mm's of shares are held restricted or in inventory) to award to a new company who can thake this forward with enough force so that the total )shares and new cap and opportunity) equal a real meaningful return for holders.
I look to see if the principals are stakeholders in current common. We all got shafted with the RS which really means we need to see a share price at .15 - .20 cents and more to even get close to even from JUST the reverse not to speak of restoring the damage to value that past companies mgt (Vencor with Vega and Plad) did to common holders. The amazing thing is that for all the delays and PS work and two company mgts we are worse off (value wise) then we were at the beginning 3 years ago.
I do feel that the current mgt has also suffered in this -has lots of money out so has a interest in seeing a real return. Whether that includes current and past common holders (via losses and valuations) or not is another matter...
Be nice to get some mid term update...or public sign things are moving
Thanks for the input
I am not sure I saw much of an anticipation run, and clearly while small selling going on, not much of anything.
The good sign is the company invested in being current (green). So something will happen - just hope this time a real growth co w current earnings
My hope is that the company is in talks with real $ companies with their own investor interest having notable mgt experience w track records and marketing investor resources.
The other issue is awareness... Right now we have no following. Need a company that generates and brings its own following interest and excitement
Vencor-Vega/Plad were awful choices on all those points ...one can only hope we learned a lesson. There are great co's out there...
Even .10 now would mean a cap of only 700-800k.... That should be a floor not a ceiling. I'd hope our sights are well above that.
Hope we get some kind of update soon - even just mgt letter sharing process, general target types and $ goals.
another 1mm sale....
fyi - the selling above OS and float has been going on at the very beginning of the qtr...and if you look at the total CLEARLY worthy of an update for common public holders
http://ih.advfn.com/p.php?pid=chartscreenshot&u=oSmziiOuFE2xsWqWfxXJtgD%2BdTfBQH%2FEBVhzPKxC3ws%3D&kslash=s
literally hundreds of millions of share sales
Shell
Any thoughts? The green status shows the company is alive, but the trades seem to show there is no one anticipating big moves or real company ...
I judge a company here by cap... Since if we don't get to critical mass of interest with a company that warrants the attention then we linger with so many ps stocks in the basement.
A company that has a line of site to revs of 10mm near term and higher longer term might see a cap with tight float of 3-5mm....
This could be .20,.30 or more depending on how many shares were given out.
Another Plad type company ( or worse a Vega biofuel type scam) with goals of 2-3 mil rev in a couple of years will see us remain at current levels or worse.
Hope they are thinking big!
sound advice...not!
I get the level we are at in PS.
But when you say you made a lot - unless you took all out and then waited until after 2 RS then you would have lost most the follow up.
Since the run up of 3 years ago there has not been much at all, except for unfulfilled claims of all sorts and the RS.
waiting 3 yrs for a shell with leaky boat share structure and a history of no real business performance to pop - and knowing when it will, when the RS will happen, and when it will tube is an insider's game.
For the few who 'made a ton' there are many more who were pumped via the company or board to buy....every buy has its sell...and not all and in fact most are not savvy lurkers holding for years until a pop promoted by an unscrupulous predatory company.
Of course in an earlier post you defended a real business potential here...IF a real business comes in with revs and legs and future it is more than a 'pop'. Either the news of the past is knowingly overstated and bogus or criminally incompetent....
I happen to be one on the wrong side of the pop-pump - and not unsophisticated, but clearly too trusting of mgt in this case
I do agree on the caveat emptor...investor beware...
?? That would suggest some...SOME history of transparent dealing, results, business and past performance...
It is fully justified and normal to look at past releases, past history and performance to use for judgments about present. It is also fair to raise these issues in context of real harm done to shareholders over the past few years.
Do the math - what would your share price be worth now if you bought 3 years ago....? a fraction of a fraction and more.
To witness sells well above the float and OS - WITHOUT any news or reports or filings suggests that yes, in fact more shares have come into the structure...and that is a huge negative for shareholders. Besides it being clandestine, it means any public purchases made with the assumption that last quarter's figures were correct were misplaced..and logically that the next report should also be viewed skeptically shortly after its release...and in the end all the reports are meaningless....UNLESS supported by mgt release of filings or additional shares to market..which has not occurred.
And in fact these were sells...so not sure how you think shares coming out without notification, without identification are benign,,,,they dilute your or my interests!!
Now we are end of June....you seems to feel that a late filing is not also a red flag??? A yield sign?
Note this comes after a HUGE RS!!! That after mgt claims they wouldn't do that.
what is the trust based on? Past business? Or ability to rely on anything.
The company has not delivered a transparent, consistent, consistent revenue generating, independently visible product in its history. Look at the past Q's..going back years!Look at absurd claims on website...about global this and that...lol....nothing!
Read all the releases over the last few years....show me one that came true and formed the basis of a lasting enterprise of fulfilled deal..the european client, the NC char venture, Vencor, the wholesale and retail ...the last colorado deal...nothing. And no updates of course. Mgt does not feel it ever has to explain why every claism disappears in a yet a new venture, that in turn does not happen and so on.
Again study the Q's - there appears to be only one beneficiary..and no business...no investment...no staff and on.
This is not tearing the co down...it is stating the reality of past and present. yes ...of course the skys could part and a new product and company could appear...that would rectify two RS and shoot up 1000%....but where is any sign in the past that this is likely...and what about the harm done to past holders?
The model for these things is after a RS and shareholders all leave , beaten down is a 'new' product or deal is launched with the newly RS'ed shares...a new group of suckers (my take) , and it starts all over. You can see a pattern here with the 2 RS and deals that never happen only to run up shares and quickly bail out.
Why do we not know what is happening now?....because if there WAS we would hear something about it as material fact... mgt would indicate , would be required to ..especially if all this substantial trading occurred with inside knowledge (and those shares have to be insider since they didn't exist in report) then it could be illegal.
Because they haven't announced doesn't mean they don't have biz and news brewing? That is (with all due respect) absurd...you could say that anywhere about anything
Why do I write - l I lost lots here - believing in the releases and co and mgt...and looking deeper see the history ...and good for any to know before believing any new hype or wasting $
Bobby
i quote the last numbers as they are the only ones out and the ones reported in last filings. yes of course they could have issued more during...and that is part of my point. In any case I have referred to the source - most investors know quarterlies come out quarterly....
Issuing more shares without product or investment need serves who ir what? Clearly it hurts common holders with dilution, especially coming on the heels of a RS (well over time more than 1 RS). And further i rebut the pumpers who seem to post that this is a good situation for a 'run' given tight float etc....so I share my view that there is no real tight float....but rather a leaky boat ...and further still...no product or business that has shown revenue, transparency, independent life and visibility in the market
But two points - timeline and scale.
The timeline is not recent...the trading of volumes above the reported goes back in time. The other is the scale of shares is huge - there have been multiple days where the volume exceeds the float and event the OS...and generally sells.
Of course if material events have taken place, such as shares coming free, new shares approved it would be nice for mgt to report
and of course this is only one track of issues....
We already are....
Given history and current price
However - they have spent the money to be green... A necessary component to do a merge.
Not cheap and wouldn't do it if nothing planned.
No insiders have gotten rich by trading / shares to date (since vencor). Trading has been quiet since RS...spread is huge and bid is alive.
I hold out given the tight share configuration - the stated goal of putting a new company... And the common interest in values above this.
All blind... But see us getting to .06/.09 if we land something real.
3mm share sell
Like before the number of shares being sold exceed the reported OS and float... So even from P&D trade bottomless pit
Stands to reason... The key is making a right choice for the merger.
We are green now... That is a big expense and lots of work... Not doing it for nothing.
Think everyone has been burned... So maybe all on same page for a really great next step
Hard to say what is going on...
trading at all time lows....and no interest in shares apart from some nickel and dime stuff...literally!
That said IF...and a big IF...they can drop a real company in here then we could see this up many times over....will that recoup old losses?...no,,,not unless a really great company....is it possible? ...yes...
But think we would need to see that the lawyer's letter meant something....clearly still some issues as we are not green...and don't know how we take next step until that is done
Trader 53....not sure what all the info is supposed to mean...
as discussed many times before NONE of the share counts are meaningful...look back at recent trading and yuou will see trading of the more then the entire OS and float many times over at random and with no news.
This suggests many more shares out then indicated. There is no set up for a short squeeze unless artificially created...and if happened would for p&d purposes.
The company has not released news, has a tenuous yield sign up, and no product being sold to any public verifiable reportable report.
A recap
The company's words...
Read below to remind re last release...
Questions - now in May, what is status of venture? and where is the torrefaction machine?
This is the MO of the company for its history - to make excited releases and then when the deals fall apart (if they were in fact real) there is no update. This is not full disclosure or transparency so it IS in fact reasonable to question the reality of releases and motives of mgt.
Or perhaps the company will update......?? But to any new here - look back over all ast releases and then look at outcomes. This is NOT bashing....just the company's own words...and (lack of) results...
LAST RELEASE
Vega Biofuels Places Order for Torrefaction Machine to Produce Torrefied Products From Industrial Hemp
Machine to Be Delivered to Vega's JV Site in Colorado
NORCROSS, GA--(Marketwired - Dec 10, 2015) - Vega Biofuels, Inc. (OTC PINK: VGPR) announced today that it has placed an order for torrefaction equipment to manufacture green-energy products from industrial hemp.
Vega recently announced a Joint Venture with The NOW Corporation to test industrial hemp as a feed stock to produce various green energy products using torrefaction technology owned by Vega. The Now Corporation's recent acquisition of Field Of Greens owning 650 acres in Colorado prepares it for the growing of hemp and development and commercialization of new innovative technology, products, services, and systems for the alternative energy sector. Vega committed to provide one torrefaction machine to the JV through its exclusive agreement with Virginia based, Nexgen Industries. The machine has now been ordered and will be delivered to The Now Corporation's property in Colorado upon completion. In addition to marketing the torrefied products to Vega's clients, a portion of the products will be utilized by the JV at the Colorado site to enhance the growing of industrial hemp.
The JV will produce and market two primary products; Bio-Coal and Biochar. Bio-Coal has a high energy density of up to 13,000 BTUs/Lb and is considered a renewable energy fuel that meets the Renewable Portfolio Standards and Renewable Energy Credits (RECs) in the United States. Bio-Coal can replace traditional coal in existing coal-fired power plants around the world. Biochar is used as a soil enhancement for the agricultural industry to increase the amount of yield from each plant.
"Things are moving quickly with our plans in Colorado and we are happy to have been able to place this order before the end of the year," stated Michael K. Molen, Chairman/CEO of Vega Biofuels, Inc. "A deposit has been paid to the manufacturer and we look forward to having the machine operational as soon as possible. After testing is completed, our plan is to utilize 100% of the multi-use hemp plant to create various torrefied products to market to our clients. The JV is an important part of our current expansion into the domestic green-energy business. We will provide additional details of the JV's business as we move forward."
Bid .0162 more sells
Hello mgt.... How about a public update ...
LLC ?
Website w no information ?
No explanation of what and why Plad INC left ?
RS - killed shareholders then Plad is out?
Looking? For new company to merge ?
Did old Plad leave or ejected ?
If they resigned - why?
If ejected - why?
If ejected Why no specific target ready?
If they left then why would we do better .... After selecting Plad?
With yield what serious company will sign up?
Lawyer financials letter was about Plad INC ...does it even apply to this?
Is there any resource or team here?
If serious as public company we should see signs of interest ... News...and support
Is this what to expect looking forward? Love to see this run 500%... But really murky
Probably right
Was hoping maybe they will drop some big $ company in this. If something in the Plad size and market we won't see the 300% plus ... Need new committed money , not just trading pumps
After the RS need something big to make sense of it or holders really got shafted
Hoping but still has yield sign and now the new site and the LLC thing... No one following ... Nice to get some company update
Sells today...
Tiny.... One problem, same as with Past Plad mgt.... No one knows this even exists ...
If they don't drop a company into this with real juice then will be like tree in forest...
You would think that if something big was brewing we'd see buys and price creeping up...?
Probably ...
Just wonder about the INC' and LLC... would think the incorporated shell would have to be an INC ... Or at least consistent with shares.
On my (very now) few shares in Schwab it is listed as INC....
The atty letter the financials is about Plad Inc, a registered Utah Corp....
Not sure a simple matter to simply change status... Especially if another co is publicly Plad INC
Wonder if the financials apply to the old co or us
Not that the new Plad website says much...no contact info, number or address...
Seems the new 'logo' plad is the public company that holders have shares in.
Curious.... OTC lists as PLAD INC in title, not an llc. But the website link has an LLC.
How did the company reorganize with no notice?
Seems the shares company resigned from the PLAD product company , not the other way around?
They are still an INC and running as normal?
Not a pump company
But it is a shell ... Per OTC Plad (symbol) the officers resigned ... And it appears retained their product and company...
Shareholders hold the vehicle...and the letter on financials etc is about that.
The placeholder for the public co is the Plad site w new logo
Be good to get inside story...
But funny is we trade higher as a shell then with the Plad company ...
Serious... IF mgt drops a real company in here... With better prospect for growth then all to good...
Share structure is amazing
Web site down - new logo?
The old website is down and a single page is up with a new logo....seems odd to have invested in this if the name is to be changed again? In any case a more polished look..but hope we are thinking bigger than more lifting devices.
No trades yesterday....even if we drop something in....wonder if they can market ..even after Plad shares sat at these levels...
I'm sure they get it...but not sure how deep and connected they are....Hope something big cookin !
It would feel better to see more interest in shares...
Nice to see the action however small... But hope whatever new company is considered is not like the past.
In Plad the co has a product that was nice but no scale, low goals (3mm in 2 yrs) and worst no investor interest or following.
Even if we have a good company... If no one knows or believes in mgt and plan then goes nowhere.
Today seems we don't have $$ eyes on this ... How to get to .10/.20 unless real connection to investors and create a real market for shares.... Hope part of plan on considering new co.
I hope this time we land a co with ambitious and experienced and ethical mgt... And plan the resources to execute .
Yes that is very clear....
but even with pinks there is a shred of credibility....if the financials outline a certain number of shares..and some sort of business there is an expectation...legal and for investors to rely on...that it is close to true.
In this case - I would ask any who say this is worth a trade to state the case why. The ONLY reason is that some years back there was a huge and temporary run up...when mgt fierst rolled out its take about bio coal etc.
After that 'promise' each and every deal reported fell apart and slowly the reality set in after the 3rd or 4th bio char 'deal' never happened...and after the CEO expressed in a conference call no reverse split then turned around and short months later reversed....
then again,,,,came out ...again...with new 'partner' that has since walked away...no follow up (as the case in all other deals) ..now has seen the price down to .0001.
while trading - correction selling - hundreds of millions of shares that on the filings don't even exist.
So....what is to trade? No share structure....no product....history of 100% deals over years not even getting to first stage...each time selling shares out to pay the CEO....(since there is no revenue apart from this)...
This is not a comparison between PS POS's and big boards.. but between a scam and a speculation.....this is a not a company...no product....and only a self serving share sale vehicle...
Why do I write....i lost money and hope no one else does buying into the next 'story', and hoping the SEC catches up with mgt
certainly not publically.....
if again he is privately communicating with holders then a violation of his role....
But also how he gets a few more buyers so he can sell endless shares (again see what is happening now)...
The company needs to answer how we trade the volumes when his financials show many less shares....if new shares are now free there should be some statement or documentation to that effect...otherwise he is taking all to cleaners who rely on public information...
Beware any coming into this....read all pasty...look at past 'news' and lack of ANY result...2 reverse splits...
this should be allowed....