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Hoping for a future here now.
It remains very hard to understand with the past co how we went from all forward looking and no 'issues' reported by old team in March and then 3 mo later we see no business, no results, CEO jumping ship disavowing all...and sold...
really bordeline. Not worth pursuing - but clearly shady.
But good riddance...I hope
Hope we have an ethical AND business savvy team in place now. First part seems there..the other too early to tell.
The first release was underwelming....a 1mm target in 2 years...a local mom and pop store level ..not worthy of a public co.
Then the follow up indicates new products ? and this as subsidary (of what - and what other)? I was happy to see quick reaction and follow up ...but there is NO way to invest (more- i am already in deep as old holder) without a plan that shows paths to revs many times higher with ability to manage and sustain.
Be nice to see some board members with additonal expertise and connections and not just 2 guys selling lifts.
Also like to see some current $ partcipation from new mgt or insiders....otherwise a set up/ sign for another 'other peoples money' drain....re rs, or dilutions etc
Next couple of releases should tell the story -
where this goes / real goals
what the other products / subsidiarys are...in line of sight being worked and real or future projects/hopes
assurance on shares - i am not confident the last mgt executed the authorized reductions (not that helps anything - we need float tight w/o rs)...but good to hear plans for shares from mgt...commit to current outlays pending real results.
right now be nice to get back to old lows of .003 before the whole Molin deal came on...some pulse....but a little troubling to see .0001 and NO interest
Dont know why people bash gator....
he has been consistent....he sold his free shares but always maintained he has restricted shares that he will likely never see a penny for.
I bought into this co after the vcor and JG transformation...and have reviewed ALL past releases and almost all are nothing more then wishful thinking if not fraud.
Anyone can have a web site...but in this case not one fulfilled promise that resulted into a business achievement.
I also spoke to DV - i have not invested - but seems clear. He is not interested in us, or going public or anything other than running a partnership with profit share proceeds. I would be more interested if he WAS looking to grow and go public, but not what he wants.
Decent guy not mixed in any of this except by rumor reference.
Good for Gator for his interest - no conflict, as there never was a deal of any sort, nor any potential 'deal'.
A deal would happen if VGPR has a lock on a bonafide client and then needed to source the coal or char. But MM seems to operate the other way...secure a source of material....with pretend clients...hype shares hoping that this will capitalize the business and then find clients....all vapor.
Still hold shares but not holding breath
Ok....now the company has to define itself for investors....
this will not go far with 1mm as goal in 2 years, and vague other product / subsidiary plans.
Be nice to see a board member of note, a plan that outlines a real path to nasdaq upgrades...inside stakeholders wanting to get in now...not just free shares to add to the mountains each mgt team seems to get
i am hopeful...but hard to guage the seriousness and depth of the team and backers.
2 days no trades...bid back to .0001....says it all
It is my understanding that they are not interesed in a RS...certainly not anytime soon.
The goal is to clean up books, clean up OTC listing, grow base, retire shares and otherwise tighten up with current shares.
I think a key is the line in the last release
"Our financial estimates are very conservative and are in relation to our current product and to only one of our subsidiaries. As we grow the company we will be introducing several new products and we will continue to seek acquisitions to expand our offerings"
I emailed them on this very point and feel they are in fact interested and responsive....the trades for a few hundred bucks are not theirs to control..
I for one am one of the longest holders....going back quite a few compny transitions...and happy to see what hey are doing here...only pissed that they ever got involved with the torrefication crewa....otherwise we would be 10x higher as starting point...
Whatever - but its pretty basic....there are no public releases on financial dealings with DV (or other), deposits, progress or contracts....that is where this should all start....the sideline twits, emails and other are not good business and dont help vgpr
Actually it is so conservative it doesn't make sense.... Leads me to think more to follow
That a CEO would suggest or agree to a conference call to discuss details of transactions not made available to general public is itself a problem .
While the release said 1mm in rev - think it may be a conservative head fake.... Shake out ... Slow build.... Feel they have a bigger plan ...
Jersey
I agree there seems to be potential and look forward to co releases with more detail.
The 1mm in earnings or rev (not sure as not clear)....1 mm is earning to bottom line could be 6mm or more in rev's. 1 mm is rev's would not make sense.
A plan for growth, additonal products, aquisition would be nice to hear.
We wont see much $ coming in unless there is a path to larger numbers within a viable plan.
The low target for revenue is a concern... Don't see P+D.... Not enough juice to excite and take at word the balance of release...but the question stands - why go public for 1mm in 2 years?
lol....i would not make much out
of $a couple of hundred bucks trade.....no grand strategy i would think....
the cost to clean up anf refile is not small...dont think these guys are flipping sub pennies at this volume
The concern...is that he and James controlled Vencor..and now speaks as if it was something thriust upon them...vencor their plan, their execution....so the 'slow down' was of their making (along with trashing another company).
love to see this move up...have some shares...but it is just hard to look at this without seeing all the past releases unfulfilled...
if this turns out to be
a real small company, clean filings, real product and transparent management then we should see some volume come in nce news hits....
cant get much lower...could be a great place to average down...
NO - my 2 cents
Give some space - they are NOT bound by past mgt missteps and time table -
Clean slate
Let's see what unfolds this week
Possibly - but depends on how organized.
We may be waiting on the new Q which might include current info.
Guess is we see something pretty soon.
Plad
actual product
actual founders / mgt
actual sales (volune tbd)
from
no product
no mgt working visible plan
no revenue
All signs to the good....
think we could at least reach 1-2mm cap...
=
.001-.003
and much more IF product gers traction and they add more...have plan for growth etc....
certainly much better than NO news..no product and no potential
I don't have any reason to think badly of Forsythe & co.
I think the DD of last move was really poor ( to engage w Molin w/o clear achievable business plan).... Hopefully this has been done now and for the ancient vcor of garment days holders perhaps perhaps a reward for the long suffering
I agree...dont see them doing it right out of the gate....
on eyear ago it was about 6-800mm as with about 400out (if i remeber correctly) - so while the last team diluted they didnt kill it (excpet for doing no biz).
An important difference is that it is clear from easy diligence to see the current co is in business...and no a phantom prospect like before.
The float/os is likely tighter then it appears since some maybe locked up in various ways.
I agree with the post that it makes sense to buuld it and then rs from strength for uplisting.
But all spec until we see the plan.
My focus is what is the plan besides selling the one product....other aquisition, bolt on...faster track growth etc.
But will be nice to (hopefully) have a responsive mgt with ir...
for fun....assuming the company listed IS the full picture/product...
1- It IS in business...a BIG difference from before
2- They seems to be some connections to largest stakeholders - unlike what the repationship with MM
3. Bonafide product
What is scale IF only one product for the moment?
assume price of $1500-$2500 ( I dont know actual)
assume 10,000 unit sales = $15-25mm
our shares as now - 1.25b issues / 600mm out (rough)
Assume market cap of 4mm based on those projections .035
A possible big move from here....
looking through financials...
these are the last from old team....showing results of a little less than a year's work.
diltuion, releases with promise and not one execution, and revenues after all claims or activity of $6500 with earnings of $2,500.
100,000,000 shares given to J Gaspard.
Who knows how any to Mr Molin.
Dont begrudge any who gets compensated...but what did they do for shareholders , company to create any value or fulfill any objective???
We can only hope that the current team has more ability to accomplish and ethics to rerport honestly.
One note also from the dd posts preceding - there is mention of Scott Forsythe and Empire Capital...they were listed as controlling shareholders on the first transacations when this went from old vcor to MM/JG. Maybe they had enough and took it back....only hope they have all shareholders in mind.
My feeling any talk of RS is just speculation
the structure of shares is not out of the world IF no big change from last filings. about 1b issue and about 600mm out.
My feeling is there may shares to retire before reversing. It all depends on new mgt - and how they and team hold shares now.
If they dont then a real possible bottom floor here...but again could be spittin in the wind
Almost all sells
Vcor now new mgt - no ties to VGPR....what a waste of a year!
Vcor on to new frontiers...
New team in - no guess , but what it means , potential , value impact unknown
MM out / JG out
Edit
that said - any real team with any real $ could be a be big step forward - my hopes
MM is gone, JG is gone
new team is on - but what strength, what plan tbd
JG no longer has anything to do with this....nor it appears does MM as lead.
This is moving on with new team.
Ha! someone with a sense of humor....
a last print of 911 shares at .0003
A true patriot...!
Insid...
Interested in any ear to ground pulse....there is some tiny trading and support...but also could be just games by micro traders
nice to read your confidence....while not privy as an old holder and remembering last year...i can assume there may be more players than Michael Molin who would have a stake in seeing this turned around.
The original holders who helped vencor of old...perhaps even the old management.. may still be stakeholders...and feel pretty certain they did not do all the work leading up to the vencor transformation a year ago only to see it all pissed away.
That is just common sense. But it is a damaged vehilcle....so much trading as it crashed to .0001 that who knows who holds what...except bag holders
However my last communication some time past leads me to still feel that they are working whatever deal was alluded to in the last release....
now is it big, small, earning or scam?....who knows....but it costs money to file...to have lawyers do transfers and reviews...accountants....so IF successful and we move forward i would be optimistic we would rise from the trips...
hope springs eternal....
For all intensive purposes both have been MIA for the better part of the year.
As CEO and COB they did not fulfill the most basic responsibility of public company officers- to report material news and file its qtrs.
This goes back to spring...and prior to releases of FIRST open house where it was represented that VCOR was still the supplier of VGPR.
The only inkling of issue with vcor was revealed by the COB of vcor wearing the hat of CEO/COB of vgpr sharing the product of vcor was not up to spec.
This was never released by vcor - and no update to indicate any issue with production or to qualify any earlier release..... thumbing their noses at shareholders who accepted in good faith all that was represented.
A close reading of the past releases, dates, and the discovery of lack of ANY corresponding activity on the part of vcor (at the second open house) is very very troubling.
The CEO after dropping the sale news bomb ...no lead up..no other news...no qtr filing....and with few days timeline to what was supposed to be follow up..... walked away immediately after., washing his hands of all (though unclear if his hands ever touched the company in a meaningful way - except to accept shares).
Whether the remaining COB is / is not working on behalf of shareholders ( i assume including himself)...is unclear...timelines passed - website down - no one to answer phones and no sense of obligation to update what is very past due Vencor news...
No personal judgements -all drawn from releases and (lack of) reports, and most depressing the results.
In less than one year, the mgt team took a cleaned up company and drive it into the ditch, diluting shares, not performing on ANY release, and winding up at a defacto bid of .0001
I am not sure how mgt looks at themselves...knowing sincere investors...knowing this is a speculation...but with the faith of ethical practice , timely reporting, and transparency.
Now all we can do is hope that whoever has stakes is interested in moving this forward , far and away from the past....pick up from a year ago....and hopefull restore some value.
I do hope that the remaining stakeholders (perhaps including former mgt - though hard to see how their shares have been earned given results) are representing common shareholders and not some new sad twist
Nice to shed some light please.....
There is a pulse... Look at trades ... Active accumulation .... For those with memory ... One year ago this was cleaned up for new venture... MM sold a prospect of bio char $ with contracts in hand ... Lack of DD and one year later diluted and dead to world....
My feeling is founding $ is back to reclaim investment ...
This is bottom basement ...
Got it....i have the same
issue with vcor cert deposits...w both fidelity and scwab...
But i was also addressing the point that the co is not diluting into free open market....but 'projects' being worked....
we are all blind right now....feel like we will get some light soon
Gator and ID....
just some oither perspective of prefeered and dilution...
They don't just become due and all hit the market as free trading. It is up to the shareholder after the necessary holding period to notify the company that they want to convert a portion of their shares. They can only convert up to 10% of the current "issued/outstanding or they become an affiliate.
Per a communication with MM
Vega did not increase the authorized to accommodate preferred holders. We did it to give us room to complete deals that we are working on. The company is NOT diluting and selling into the market.
I am as unhappy as everyone...a big holder in both V's....and have been very aggressive in asking for updates and clarifcations...But I do not think they are diluting to stand on place or scam holders.
I do hold open the possibility that this last long stretch with no news by either co may have to do with some things being worked...and certainly for my part will hold through.
Thats said I am WAY out of the money...so the only way for me is to trust the team is actually working this and hang on.
Thanks Gator and
to those who are 'in the know' of all things dark re company mgt etc... the question begs why still here.
I get going a few rounds of venting given tough share situation...but to persist on and on ...for years....hard to fathom.
One either take action if you think bonafide scam (legal), sell , or hold for promise.
Not to say holders dont have a right to press for answers...and push to protect investment...and
Yes mgt can do more to clarify...but they are who they are...and it seems obvious NO ONE is getting rich on this at this point...and MM, JG and others are actually working this.
Not sure where it al goes...but as othrs have posted, repeated bashing is just that, and has its own objectives....clear.
I hold both...furstated as all longs are....but feel the company effort is for real..and opportunity has potential
Interesting posts
just read back to your previous....have you gotten any feedback on possible ties between companies?
I agree re posts...crazy stuff here and other board...lots of bashers feeding off themselves....
these companies are beaten down...but have promise...but like all it is mgt to make happen....the ideas and potentiall are there
if Bio Char...Pure and Vega and Vencor put heads together ....should be able to squeeze out some real value....
but for who...and by who....
Holding looooong....
is there a definite date set for the next open house?
As much as i stay hopeful - if they go to the trouble of doing this open house, it seems clear that they should know the expectation is NOT to see some sort of bio coal made apart from the plant and general production...but to see the company function (Vencor) and orders moving (VGPR).
This means that the issues with reliable feed and production standards are worked out...and we are shipping - and have supply chain issues managed.
Again it does not seem neceasary to me to be hauling a machine out of position..in fact would appreciate it staying in place and doing work!
I would be happy to see piles of spec ready coal heading to client...that would be worth the trip by itself!
Good post - as one who planed to go..
" Even if what he is saying as an excuse is true, there is no way in hell you can have people make travel arrangements in advance and cancel. Unacceptable. Nobody cares about having the equipment in some demo area. They just want to see something is being worked on and even if the machine broke you can still honor your word for those who spent money. "
I agree with this and it raises all sorts of obvious questions that beg for answers. I am in the special event business - speakers cancel, venues have issues, weather, etc....all have rain out plans already in place...in any case they work hard to take responsibility for thier obligations to invitees.
I would have been happy to go - had assumed that this was more than a demo of one machine in controlled setting - but an honest look into the biz...and assumed gthey understood this and would be prepared for the pent up questions and expectations for follow up to past releases.
Even with machine down the scale of an operation that proports to be working to a contract for mil's of tons, multiple machines and more than one client would be evident.
My question is - were we to see production of actual bio-coal that was spec and scale ready, reliable for mass production (issues noted from CC call), and delivery? Be nice to hear...
If this was the case I suspect the company would be blasting this all over to celebrate its achievment....but...right now all we have is silence from borth companies.
me too ! doign a 10 hr drive.....
perhaps exchange phones - emails if lost in back woods?
gator
southwest into which airtrport?
sent you an email - be good to be in touch in Va....!
follow up
assured the address is correct and the Torrethrm is a former facility...now Vencor...so onwards into the hills!