Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
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!!
They did a release in the second week of February....
they said they were doing bi-monthly...so that means this or next week to keep to schedule...
I dont agree with the costs - launching a public co is expensive...there were others behind it...and own controlling interests...so will want to see a payoff somehow.
The stop may be for other reasons....but a concern....
Don't think that at all (bk or misdeed) - but a troubling sign.
I expect some disclosure as these guys have been making regular releases.
I also think there is a real company growing here - how big and with what potential to be seen.
Hanging in
and what goes down...
is supposed to go up....?? based on.....being down?
lol
Stop sign....
not good....likely late filing ...but not good to see....
Yes news out !!!
well not from company....from OTC....a new shiny STOP sign.
Guess so busy with business forgot to file....details , details....
So are you?
And why this shell of a company rather than the thousand of other worthless or worse companies
And the previous post that tries to use technicals???? Lol
We know that many many more shares are out then reported....
We know that ALL last deals over years have not come through ... NONE
We know there is one ft employee
This employee reversed the shares twice in recent history
We know there is no $$ business - at least as expressed by financials or conclusive news
The last news is old and its promised partner seems to have 'chosen' not to work with vgpr
Why would anyone in their right mind fall for a tease of news to come ... Or 'accumulate now!!'.... And why are predators allowed to function on bulletin boards
Sad
Not sure what you are saying...
Yes people trade for various reasons... But there are no vgpr technical or fundamental 'reasons' / so what is left is some enticing others into a company with no product that can be found in real life anywhere... ( please correct if wrong)... And MANY more shares out than reported ... See reports and look at volume history with a history of RS's in the face of its own claims it would not... Q's and K's that show no business ... And 'news' to come .... For years... And one officer
Trade for different reasons ... Sure... But who profits... Here it is insider traders for penny flips and owners of shares leaking out of company
Looking forward to yr end and 1st q reports....
Insane....
under your view anyone should load up on anything any where because of the zombie rise philosophy....
there is no such thing....people put money in when they have some plan...not to lose....and new comers unaware of history may be enticed by those who allude to 'things happening' ...or 'look others bought why don't you, you will miss out'....s pitch for suckers
if there is no news...no company in action, no revenue, a history of RS and dilution, a history of no 'news' being completed to a viable ongoing business...over years....then ...
one conclusion - the zombie rise is by and for those who trade for and create 'pops'....and not for company fundamentals in any way.
If one day the company reports actual contracts (not promises of ones to come), actual revue with growth plan (again not plans for same) then a fresh start....
but look at history over last 3-4 years....look at Q;s and K's
LOL...peanuts
again represents the lion's share of the float IF the numbers are true...which clearly they are likely not
do you think that the float is turning over every two weeks and stays at the same price??????
or perhaps are there many more shares out....and so peanuts ....might REALLY be peanuts....there are millions of shares floating out there.....it could be .05% of the float...rather than 60%
Share Structure
Market Value1 $23,843 a/o Mar 29, 2016
Authorized Shares 500,000,000 a/o Oct 26, 2015
Outstanding Shares 59,607,579 a/o Oct 26, 2015
-Restricted Not Available
-Unrestricted Not Available
Held at DTC Not Available
Float 9,313,596 a/o Oct 26, 2015
Par Value Not Available
Well i get the apprehension from past managers in old days...
but i think the jury is out here -
They have done all they said to date, and while quiet we sholuld get an update soon if following the bi-monthly schedule.
In last 2 they reported they are working on large deals, they are building team and are ahead of schedule on sales.
I would have liked to see numbers but again at the moment will wait and see.
If they can secure deals - and show they are in business and a market for this device (and hopefully others) then we will see a large pop that may begin to restore lost value.
That is ny hope
My point is
If the supply is not certain then the new money comes into a boat with no bottom....impossible to know what the true picture is.
The other warning signs are the ongoing teasing posts based on 'technicals' and 'tight' share supply with no news and no successful product , mgt - company history and with a history of RS's and pumped fast action from those who never owned before (and may not own now).
Not saying a few cant make a penny... But that there are likely millions of unreported shares out... And a company that thrives on this to fund itself
Look at daily trading
And then the 'float'... Reported at 10mm on OTC... And total outstanding of 60mm .... Both rounded up.
That means we traded 40% of the float Thursday and about 6% of the outstanding ....
Add this to the last 8 weeks and the entire float is turning over as well as all outstanding
The numbers suggest already many more shares out then reported...
Note this activity is happening without news....
Think of this a swamp filled with piranas...not as it seems...examine carefully with common sense
Think we are due for an update - yr end and Q keeping things quiet , but with the yr end the final purge of Molins and past mgt mess in managing company.
Jury's out on new group but I feel they are doing the right thing in focusing on work not releases... We are at ground floor with 80-100k cap.
If they can show the large sales increase alluded to leading to the 2-3mm in 2yr.... Plus a path forward from there we should see a cap of 500k plus (min)...or 5x from here....05/.08 cents and then forward
Slow going but if real better than false promise and scams before
Can anyone share what this company now actually does...
Is it business - selling where or what that can be verified?
The last news ...months ago ...talked about a deal that a recent release by the other party indicates no longer in play....at least the land aspect.
There are no fundamentals to look at...no company to evaluate....apart from releases and Q's and K's that show no business except share selling.
would council all to look back 18 months,,,and see how many claims have been successfully completed and not just disappearing with yet a NEW potential project
The current traders buzz is very suspect as again folks pop up with no history...claiming interest...based on technicals that are absurd...so perhaps ...pumping?
Happy to see a real biz blossom....but burned multiple times and a RS....and no change to web site...now for years....
oh yes....the news ...the news.... lol
beware!!!
Not sure I understand
Promotion would be fine if real... A waste if premature.
Well it would be welcome
From the vantage of those who have lived through reversals and again the decline to current value it will take a deal with $ in hand and support to drive
Past releases have been releases that in effect say wait till next one...and tease about $ or other yet to come.
But happy if for real
What is curious
is ti see the drop off of the pumpers - the group that seemed to pop out of nowhere to offer trading technical 'advice' and promote the company - without any substance - that then disappear
The point being for any seeking to invest - look to those investors who have actual experience with the company , speak to history and facts as represented by the companies actions and releases.
There was a time when the board was populated with those who believed in the product and potential - almost all are no longer here, except to share their negative experience and losses over several cycles.
Read the releases carefully - and see where the company is now.
2 RS
shares again down to RS levels
Last financials - 09/30/15 - revenue -$8,839.00 (yes that is minus) with expense $146,201. Now go back and review for years - and look at the shares issued over and over again. No commentary - just review.
Product - Bio coal or char - STILL planning how to produce after years of 'deals'. Note the market has collapsed - coals plants scaling back and closing, very low threshold to business (many can make), oil competing .
Business plan - there is no revenue to invest - so unless the shares dilute again or a RS again there is no way to launch into anything of scale (IMHO)
Caveat emptor!
insane.....
please anyone stumbling onto this thread do NOT..NOT be deceived by the posts that talk as if this is a real company, a real trading issue, or anything other than a scam propped up by predators.
There is no company - the web site is filled with copy that is simply dated and not true.
There is no product being produced or sold
There is no production site
There is no proprietary anything
All the stated Bio fuels is cut and paste from others
The company has gone through several 'plans' with the same results - nothing - pure P&D
There is no technical angle here...the talk of bids and levels make no sense in a bottomless boat with no reason to go up except by new money lured in as suckers
Multiple RS's....after commitments to not
review ALL the news for last 3 years - not ONE project fulfilled and ALL and EACH ended with abandonment of the 'projectS' without even once getting off ground...pure fluff for pumping shares
a mgt of one...one man and a cell phone....that is what this is about
beware all - do your diligence!! dont lose your money !!
My guess is there is a deeper plan....
the current float is a little over 2mm shares and at .02 is about 40k.
Even if the biz gets off the ground modestly we should see a 10x value up to this. There is lots of room for add ons...so think another game is likely in play...hopefully we get some of the ride