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I did not?
And with a more earthly
Approach.... Contact the SEC whistle blowers and complaints
well...about $6-7k dollar volume...and stall...
not a sign of strong new interest,,,we shall see....
Look at the volume!!
And yesterday and days before? Now look at the 'reported' share structure below. The company has traded more thatn the OS and flst combined several times over....and no release or communication from the CEO?
I dont understand how someone like this can operate in the public company arena....shareholders totally ripped off. And not just one company....as COB of Vencor he oversaw driving its value down into the ground to worthless with many 'claims' NONE of which came to pass...and awarded himself and another huge shares...which I think the follow up mgt has struggled to get out of...
In my judgement this is criminal....
Outstanding Shares 113,607,580 a/o Dec 31, 2015
-Restricted Not Available
-Unrestricted Not Available
Held at DTC Not Available
Float 9,313,596 a/o Oct 26, 2015
creeping up
could see much higher if genuine interest ....lets see bid come up and hold....
if the share float and OS is still as last reported we should be able to get a 250-300k cap easily on hope alone...that is the .10 cent range....and with a real co to follow ?
.03 / .035
not a stampede - but a little move. What I will look for are signs there is a real co coming ....and for me the signs would be informed money taking public stakes.
Over 50mm shares sold @.0001!
Now look carefully at the OTC filings.... More than the float entire!
Clearly none of the numbers are reliable. Clearly months with not a peep and this dump shows its a scam for common holders
Hope SEC is watching
well clear very few old holders around
for any jumping in now could be a great ride....for those who held before the 200 to 1 a long long long hill to climb....but it is doable with the right company.
Assume a company that has revs with path to 10mm....and beyond. And if we have shares in this neighborhood..of a 6-8 mm cap....would equal..... $1
sorry just a dream...but this would restore the reverse plus...
but really...this is great...if the co can manage this this time....with controlled marketing to investors to hold and see a path...we should see some support coming in...and hopefully can see a cap of 600k+ or .06 + when we get to a real launch....
again a dream....all depends on the co and the shares and deal....but alive!!
Great news!!
Absolutely!
Ideally momentum. Not just one release, but stages leading to an acquisition...that again has legs. We could see two levels - value from confidence we will bring in something meaningful...confidence that shares are being kept tight for common holders, confidence that issues with past are clear and no claims or legal.
Like to see a memorandum...but also make sure all issues with unknowns are addressed (Plad issues?, shares structure changes in 1st qtr or since etc).
If one release comes out and is just promise...no$ skin in game via common shares...then could feel like a repeat of the last years. But IF done with real co, and real new board, mgt and common share interest, could skyrocket, especially if a co with legs and big goals with serious plan.
I try to look at tea leaves....gauge the temperature by $$ early skin in game.,, interest by insiders and first circles...right now I have seen just a few tiny share purchases...maybe MM'ers...be nice to see this move to a few cents bid and hold in anticipation /confidence alone
A guessing game now...
Seems the 'letter'
Should not take so long?
Wonder when 2016 qtr is out... And some detail about what happened and where the company stands....
With info out to date could go anyway from here...
I had assumed that (positioning for rm)
until the Plad exit...which was just weird...both from why they were chosen in the first place (limited product , fast channel , no aggressive growth plan) - along with going to trouble of name change with such a limited focus (only lifting devices)...
But my worry is given the candidates mgt has selected iin past (Vega's Molin and Plad) what does it say about ability to assess?
Can only hope third time's the charm!
But agree - if all kept tight...and mgt is in common holders corner...and serious co...this could really fly...and more than P&D...a real platform for the right co
Still .011 by .079...after tiny trades...
I hope no traces of Plad legal issues....or having to pay out for nothing (to common holders).
The issue with Plad is while it was a decent little product was their own forecast was for 2-3mm in 2 years. That could be fine for Mom and Pop but unless it had a serious line to expand to new products that could show a fast track to market then the public route didn't seem to make sense,
I can't figure out why of all opportunities mgt (scott and ?) made that choice....and especially given that here we are 6 months later with no company and shares reversed....which benefitted who? Maybe by internal authorization of shares and control mgt made out but clearly this was not in shareholders interests. And who vetted Molin and Vega before this? Wat a total waste of time and money and opportunity as well as open the company to potential legal exposures.
Point being we will be in same spot unless we drop in a company with a product / service that is scalable to a large market, has a good story for visibility and clear in its plan (sustainable with resources and roll out) and finally has mgt integrity/transparency and commitment to common holders. Other wise anohter PS on the ash heap.
But the set up is here.....20 cents right now would mean a cap of 1.4mm....not insane...the company traded well above this on and adjusted basis a number of times with previous efforts.
Hoping we can do the right thing here!!
hard to know what is out there...
after so many years...and the last reverse...and the travesty of vcor/vega...who is left looking at this?
I's like to see a bid at .20 rather than .02....that would be a cap (if numbers still right) of 1.4 mm....need a real company for that...but then would restire the RS....need to go higher still to go green...but every step helps
hoping mgt can find a serious co...not another one like the last 2...something that has real scale, earnings..and solid mgt.
maybe they split shares and give the current holders a little break (dreaming)...
.049....
Trade for 2000...head fake...bid is still .015....
Will take seriously if we actually see some trading
now ask at .07 ???
either error or those in control dont want shares going out cheap....could be good sign...or more PS bs...
at.07 we have value at half a mil....would be reasonable if bona fide interest and real company in the wings...if that was a starting point then we could see .15 with real news and real co....a dream , sigh
Now we have yield ... Step up from stop...
Hope more than just a pop... Like to see some lasting company.
The share set up is good - IF- they keep it tight ...
There is a huge upside here if a viable co with earnings... All cleaned up vehicle.
Notice the trades
20mm plus 2 shares... All sells at .0002.
The first trade is a signal to mm'ers... This is likely an insider dump or trade for $...
Notice no move on bid....maybe someone needed to pay a mortgage...
Of course it also shows the financials are meaningless when comes to trading.... Mgt / insiders hold many more free shares then apparent in filing...
Well... If they drop s real company in here ... Keeping shares tight... We could see a big move. .015 to .05 on bid and still only be a 300-500 k start up.
Might even be worth a gamble ...
Your post doesn't make much sense given history...
they just did a reverse...the structure is very tight. The danger is more about dilution....if a merger gives away too many shares...creates special classes of shares for mgt etc.
However with a real co this could be good...could have huge upside if they keep it tight and the company is bonafide w earnings and product. Track record is questionable given the last choice of Vega.
All lies in the fiduciary role of mgt to watch out for holders....the previous mgt (Molin and Vega) did not...the Plad story is unknown right now....what the status...did it cost the company , what happened and what is owned now...
The current manager (SF et team) is in the drivers seat....need to hang on
My understanding
Is M. Scott Forsythe came on board with the vencor - vega 'deal' as old vencor exited the garment direction.
I assume some of the old mgt may still hold good number of shares.
The Plad deal and now mgt exit is curious. Was it part of plan all along... Is Plad still apart of ... Plad? lol ( I mean is the product tech co still under the public entity)
If so then a 'merger could be a big value add.
Of course all depends on what the real share structure looks like after the next report.
A total guessing game. The next couple days trading may be telling. Maybe nothing ... Or this little activity keeps on creeping up.
In the end we could trade up to .07 and still have a cap under .5mm.
If shares hold.... Seems most old holders left.... So thin...could be interesting
It could go any direction....with a float and os like this (7mm).... A value of 140k.
Easy to see 5x this IF...IF.... They drop a real co in this.
Still need details on what happened ... Status of Plad... What new 'mergers' they are looking at.
But at this price... If the co just stays afloat... Has real plan... No reason we don't see cap at 600k-1mm
Anyway certainly better then before ... For now
Thanks for heads up - how do they get up in the morning?
what do they get from the endless spinning of mgt wheels....
the statement on OTC
Business Description
All Officers and Directors resigned from their respective positions with PLAD, INC. a Utah Corporation. Leaving Mr. Forsythe as the Sole Officer and Director. The current management team is currently in negotiations with several companies to merge into the public company, which will result in a name and symbol change. The Company has just begun negations and is hopeful it will have a final candidate and fully executed agreement within the next 90 days.
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."
Lol... You obsess with that description...
Not sure it applies... Need some swirling in any direction....right now it appears dead....
I'm hoping that there is life here
News!
well not really....just now back to yield sign on OTC...the brief green light gone....
Tiny tiny flicker....
A trade! Lol
$8.00
Looking for financials ... And news...
If mgt gets those out... And we get green... And plan... Maybe we actually get going!
Two years ago they were at the start of their bio char run and before the failed vencor venture.
Every claim they (he) has made for biz has come to nothing. Not one deal completed to actual viable status.
In fact worse - not only no business result but also two RS and now broken down again with unreliable share counts , and no resources -
Look at the financials for the last years
As stands any run would be very suspect
Why?
After 2 RS?
Did you own then... Or become interested after the last RS
Since no news... Nothing to analyze.... No products visible anywhere... And clearly more shares than listed in financials.
So why on earth buy?
One could go to nyse or nasd and find actual companies that are at all time lows if that is the only reason....
What is your opinion of value or opportunity besides it is one of countless ps co's that are dead in water or scams?
Im sure an error
i show the same as we have had at .0247
that this has held...there was a brief drop and then back again... is the only public sign of a pulse for the co.
The stop sign and missed president's letter are troubling...
how out of the gate only months in that we again are mired in the same as the last group is beyond me....why and how a mgt got a hold of this if they didn't have a solid plan with resources to execute...
I think they seem decent enough....but with (as of now) one product, 3-4 staff, and no public plan how they plan to create a company that would interest investors is puzzling....why go public rather than build up the co first?
Who is Scott - the COB - he was integral to the Vega acquisition and now this one - not a great track record of guidance and support.
I am in - think we still have a flicker....but oh so faint
34mm in pure selling ... At .0002
Now look at financials ... Where are these shares coming from?
The last reported OS and float cannot be correct.... Swimming in extra shares
Read all other posts.... Caveat Emptor!
Now read it closely
Business
Vega was formed to pursue the production and sale of biofuel products
thrlughout the world (LOLOLOL). With the growing need for clean energY, and the uncertain
costs of fossil fuels, power generating plants around the world are looking at more
useful and economical methods to run their power systems. The Company
currently markets two products; a renewable energy product called Bio-coal and a
soil enhancement called Biochar, both made from timber waste. (see the revenues over the last 4 years)
Revenue for 2015 - (and please review all the vencor 'news' and the european 'deal' etc....was $61,555
Cost of rev was half that. So 30k was total revenue.
HOWEVER - look closely at the money raised through shares....and the one officer...and the expenses....and the fact (yes Mr Molin) ...fact) that there has not been a closed hard transparent revenue producing deal for the entire year.
So where does this money come from...it comes from thise who buy the shares...and give to the company....to spend on the company and its 1 officer.
SUMMARY PAST revenue
2012 - NO revenue
2013 - NO revenue
2014 - $159,543 / 85374 net > $74,169
2015 - $61,555 / 32,665 net > $28890
so the total the company has made over the last 4 years has been about 100k
Now look at the company 'expenses' and the share history with 2 reverse splits and more share classes than one could ever understand..ALL FOR 100K WITH LITTLE TO NO SUSTAINING BUSINESS
THE ONLY CONCLUSION IS THIS COMPANY IS ABOUT THE SHARES....IT IS THE ONLY MONEY RAISED AND THE PRIMARY BENEFICIARY HAS BEEN THE ONLY PRINCIPAL OFFICER OF THE COMPANY
But dont take my word for it - review the last 3 year end reports....amazing what one can squeeze out of trusting investors
As I speak
12mm + trading down
Where Is it coming from? Again clearly more shares out then reported in OS or float.
I assume mgt has a clearer picture ... Maybe even selling ?
Of course all just my opinion :)
Ask yourself
How do they trade millions of shares with a very limited 'float'?
Especially with no movement?
Why do some posters say very tight when shares traded exceeds reported float and out from any reasonable shares to trade % norms
... And with no news
Perhaps a leaky boat????
Will we learn ... Oh... Uh... Hidden authorizations or restricted coming out??? Is this how Mr Molin funds .... Umm... 'Operations'?
Just asking...
2 months ago they had the veneer of a story
Since no news, late ( again) on follow ups, stop sign , no filings
There is no product ( except in theory ) no income, rev , and one CEO who is alone with no proprietary anything .
Why buy? The theory that is it down and then should go up is a tease by pumpers
OTC Stop sign
no filings since November
Definition - from OTC
STOP
No Information Warning
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.
------
What this means that those who pump this stock on the basis of any 'news' not out...or try to pump the value as an insider or connected withiut full public disclosure to is committing a criminal act.
Just sayin.....
Doubt that...
there was no swindle if you factorin costs of buying/ going public / legal / accounting etc....
My guess is there IS a plan...whether it is working or not is out.
They are overdue with their bi monthly 'news' update or CEO letter....could be trouble or could be busy...
at this price after RS not much downside...as a poster said "there is still a bid" which is in fact something.
I am not selling here ...will wait out next steps
Response
Have a few legacy shares from the RS with no hope of recovery....
I share thoughts and my vgpr experience for those new who stumble into this thread fwiw
Made the mistake of trusting my understanding of news and comments from the only employee
As to even stinkers run (up)... Not true... Not when you factor the companies history of RS... Up from where?
But why???
To those suggesting 'whales' and time to nibble....
On What????
No filings... Stop sign... No follow on ANY product and NO product in market we can verify
2 RS's
You think no other opportunities in PS or other markets...?
The only reason (it seems in my opinion) is to run up prices on unsuspecting holders on the promise of things to come and then ... Of course... Bail out
Look at releases over past 2 years and share action and actual accomplishments (zero)
But it's your money!!