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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!
very curious
that is the address for open house....and also Vencor?...and another co doing the same....???
are we going to vencor or to torretherm?
Be nice for this to be clear....
a long hike to be hunting down an address....perhaps simple directions...landmarks?....
Just make it easy...should not be a guessing game
The link I pull up is the same posted here...and looks like a hotel to the left...is that right...a place to stay?....but no sign of entrance for plant.
I wrote and was assured google maps would direct...but is this it?
Looks like a hotel right there....is this right?
Wonder how many old shareholders are left....
we have seen volume that is close to the entire reported float overt these last couple of months...clearly some extra shares seem to be about ..and we will see update in 1st qtr....
But for those around now....it may be an interesting situation....there has been no change we know of the companies situation...meaning, as we gleaned from the VGPR conference call, our CEO was working hard to get the product into specs for the large order...there is also a large volume of bio coal of varying 'purities' that has been produced in the testing phases....still valuable....VGOR is hosting a open house which will showcase vcor production...and this affirms the progress ongoing....
the one order (and JG intimates others working) will generate more revenue then out entire market cap....
Obviously the issue is mgt looking out for holders value...could have a great product but shares still killed....that is where we are....as low as we can go except for dead...but if all promise remains...then we are WAY undervalued as currently structured....
Hoping mgt will step out soon to share next steps...
Thanks Gator -
i am planning to attend if i can free schedule - i got form and filled back.
It will be a long 10 hr drive - hotels et al....but it is my hope and trust that mgt is not wasting time on an empty show of bio coal that is not ready to ship.
I assume most making the effort will be making big efforts...and will be stakeholders with commitment and trust that all company efforts will have an eye on value restored and promise realized.
This event is for shareholders...not customers...so ....clearly mgt understands the current pain of the investor situation...I can only assume they will be prepared with more than a cheese board
Holder of both V's
actually did mean destruction....
but also looking for construction.....the shars trade now lower then they ever have....even in bathrobe company....and the volume in the very low trips...is odd....pipe funding?....hard to know why and where given that one would expect this on run ups....not at lows....
but at a cap of 300k...think the only way will be up from here...
Think goal is separate....
JG and MM have both been clear..they share general interests but each has its own mission, shareholder interest and objectives.
In the last CC MM indicated a goal was to step away as COB of Vencor and just be on an advisory group.
That said - they both need this 3000 ton deal to get out the door....but if and when it does it should be a game changer....the hold up (one ?) indicated on the vega CC was working out kinks on 100% composite specs of the bio coal...large companies need assurance that not just the one shipment - but future and for months and years to come they get the same product.
The upside is if and when done...this bodes very well for shipments and new clients beyond the first order.
At .0003 ...a 300k value we are at ground floor unless this all folds....and with open house and ongoing reporting I think there is a dawn coming....
and that that said....it would be nice for our CEO or another rep to speak on behalf of the opportunity, the destruction of share value and plans to come.
VENCOR news out!..VGPR and VCOR
Vencor to Showcase Virginia Manufacturing Facility
BOULDER, CO--(Marketwired - May 7, 2015) - Vencor International, Inc. (OTC PINK: VCOR) will hold an Open House for its Bio-Coal client, Vega Biofuels, Inc.
Vega will hold an Open House for its shareholders and customers on May 30, 2015 at Vencor's manufacturing facility in Richlands, Virginia.
Vencor currently manufactures a torrefied product Vega calls "Bio-Coal." Vega markets Bio-Coal to power companies around the world as an alternative to traditional coal. Vencor is the exclusive manufacturer of Bio-Coal for Vega. Vencor has received the first Purchase Order from Vega to produce 3,000 tons of Bio-Coal.
The Open House will be managed by Vega Biofuels and will showcase how Bio-Coal is manufactured and will give attendees an opportunity to ask questions and see the manufacturing process in operation.
James Gaspard, CEO of Vencor International, stated, "Vega is an important component to the success of Vencor. We look forward to hosting their clients and shareholders for the Open House. We will post pictures from the event on our website."
About Vencor:
Vencor is in the business of manufacturing a torrefied wood product, also known as Bio-Coal, that can replace traditional coal in coal-fired power plants around the world. Bio-coal is a renewable energy product produced from timber waste using technology called torrefaction. The physical and energetic properties of the biomass are then much more comparable to conventional coal. The torrefaction process has the added benefit of reducing or eliminating undesirable volatiles, such as nitrous oxides and sulfur dioxides in the Bio-coal. Bio-coal is considered carbon neutral to the environment. The key property that makes Bio-coal attractive for co-firing in existing coal-fired power stations is its superior grind ability compared to untreated or fresh biomass. Bio-Coal has a high energy density and is considered a renewable energy fuel that meets the Renewable Portfolio Standards and Renewable Energy Credits (RECs) in the United States.
VENCOR news out!
Vencor to Showcase Virginia Manufacturing Facility
BOULDER, CO--(Marketwired - May 7, 2015) - Vencor International, Inc. (OTC PINK: VCOR) will hold an Open House for its Bio-Coal client, Vega Biofuels, Inc.
Vega will hold an Open House for its shareholders and customers on May 30, 2015 at Vencor's manufacturing facility in Richlands, Virginia.
Vencor currently manufactures a torrefied product Vega calls "Bio-Coal." Vega markets Bio-Coal to power companies around the world as an alternative to traditional coal. Vencor is the exclusive manufacturer of Bio-Coal for Vega. Vencor has received the first Purchase Order from Vega to produce 3,000 tons of Bio-Coal.
The Open House will be managed by Vega Biofuels and will showcase how Bio-Coal is manufactured and will give attendees an opportunity to ask questions and see the manufacturing process in operation.
James Gaspard, CEO of Vencor International, stated, "Vega is an important component to the success of Vencor. We look forward to hosting their clients and shareholders for the Open House. We will post pictures from the event on our website."
About Vencor:
Vencor is in the business of manufacturing a torrefied wood product, also known as Bio-Coal, that can replace traditional coal in coal-fired power plants around the world. Bio-coal is a renewable energy product produced from timber waste using technology called torrefaction. The physical and energetic properties of the biomass are then much more comparable to conventional coal. The torrefaction process has the added benefit of reducing or eliminating undesirable volatiles, such as nitrous oxides and sulfur dioxides in the Bio-coal. Bio-coal is considered carbon neutral to the environment. The key property that makes Bio-coal attractive for co-firing in existing coal-fired power stations is its superior grind ability compared to untreated or fresh biomass. Bio-Coal has a high energy density and is considered a renewable energy fuel that meets the Renewable Portfolio Standards and Renewable Energy Credits (RECs) in the United States.
Signed up
and confirmed it is the Vencor site...with full teams ...hopefully the curtains will open on the future!
No where is Vencor mentioned....
In past releases this was not cagey...but celebrated as the exclusive partner for Vega....
No release from Vencor....no mention in release....and no response from mgt....
i am a looooong holder....but sure would appreciate someone on vcor team stepping up...
Be nice if news of an open house at Vencor production sites might come from....Vencor???
The up side is (and using the last shreds of common sense I have) , is that we should be near some results or a pretty sad gathering...
and if so...perhaps we can begin the rebuild of value...
Just be nice for the vcor team to get a release or word from JG ...rather than just have communications from Vega
Thanks Gator
the missing piece for me ( i am more into the 'other' co) is that the open house and all the 'diligence' is largely about the other company....and no word on that side.
Be nice to get both updated and on same page...openly and publicly.
Our ceo's other company
Not sure of his current involvement -
Courtesy of sister co board
http://www.octafinance.com/biochar-now-llc-just-filed-form-d-announcing-10-00-million-financing/
Info from our sister co's board
http://www.gunthergrant.com/stockbashing101.html
seems money to be made pushing a good prospective company down
actually i think it is this
Business Information
Vega was formed to pursue the production and sale of biofuel products
l
thr[ughout the world. With the growing need for clean energy, and the uncertain
costsif fossil fuels, power generating plants around the world are looking at more
useful and economical methods to run their power systems. The Company, along
with its joint venture partners ale curently developing a manufacturing plant in
Allandaie, South Carolina to produce Bio-coal from timber waste.
The Company was organized in 1986 in the State of Delaware' The Company
moved to Wyoming in 2010.
The Company has no primary or secondary SIC Codes
The Company's fiscal year end is December 31'
When completed, the South Carolina manufacturing plant will market Bio-coal
made fromlimber waste using torrefaction technology. The product will be
shipped through the Porl of Savannah to clients around the world.
Facilities
The South carolina facility is being constructed on 15 acres of land in Allandale,
SC. The Company's joint venture is leasing the land'
this is noted at the end of the current vgpr financials - BUT sadly this refers to a FORMER project...that has since been scrapped...but apparently not updated in the filing....
this lack of detail after so much time is tragic....reflects poorly on us as well...sigh...
Following up with point of detail
i did reach out and got a brief reply - the consulting fees were taken before the current team was in place and was part of the old company efforts to secure new opportunities and coupled with past debt. are one time entries.... and so a more accurate picture is the smaller figure of the 110k....a tiny amount given the work going on...and it IS going on.
Given the past pace of releases my sense is the company is now preparing itself for a secure roll out of accomplishment...actuals....and will wait until such is in order.
I also addressed shares and assured the company has not been active , driven by a vulnerable situation and market...and of course , absent any promo and related hard results there is little means to generate substantial investment and interest.
That said - i remain confident in the company....to get back to old lows (.002-3) will be coming once the company rolls out next steps...but sadly ...now will have to fight through the volumes traded down here....
some interesting notes....
over 500k in consulting and officers...be nice to get more detail...along with shares issued not bad for a company now trading at about a 350k cap value.
That said looking past this current situation the sheet is cleaned up....the forgiveness of debt - almost 6.2mm....but looks like offset by the issues of the shares...and show some minor rev's activity
the fees and pay will be fine assuming they can deliver on the promises of the business,,,easy to see this up 10 fold pretty quickly (back to last basement old vcor price sadly)....again IF they close and deliver contracts,,,,,and perhaps reach out to holders to support , bring daylight, promote...
the overhang of restricted shares could be an issue unless they really get revs up...
my guess is the 1st qtr will not be great since per the vgpr cc Mr Molin indicated the contract hd not been shipped....so still tight...unless they are delivering on others oft referred to
but still looks like something building for real....just need to execute the biz now...
TY!
curious as the other co financials are not out either...yet they dont have 'stop' sign (yet)...
hope all clears at same time, news unfolds and we can start to dig way out
are these company tweets
or personal...where do you see these?
Holder in both this and the other
tks
long here as well
i am looking for signs of company leadership at any level...i get the focus on operations...but someone has to lead the company publicly-
no updates on filing...one COB who is straddling 2 companies....no updates on news by THIS co on news announced by the other...
shares trade as if dead...
if will be a very hard climb out with the volume traded down here....looking forst to just get back to .0014...then .002...the basement where this all started before there was any new co!!
but even more - a sign or life from company...wrote JG...and co...nothing....
Now on OTC
STOP sign (not even yeild?)
VGPR Vega Biofuels, Inc. OTC Pink STOP > No Information Logo
Common Stock Dark or Defunct OTC Pink No Information
No Information Warning
I dont remember precisely - but well before the onslaught....
i get the sense he is focused all on operations....and not an equities guy....web site is not updated...no IR etc...hoping once we get first orders and kinks done he can bring someone in to address...but in the meantime shareholders are on the chopping block...
we have JG's conference call which was pretty clear about his commitment and goals, we have the last CC with Mr Molin which updated the progress.
That said - the mgt team seems to not respect that there are sincere investors, who support the companies efforts with $ who should get, and are entitled to, some PUBLIC leadership from the CEO and COB. It is not enough to blame everything on MM'ers...and then put out late financials, watch value crash 95%, not update their own timetables with respect to key contracts (note the info came from VGPR that there were issues with product volume chain for client) and generally be inaccessible to shareholders.
The devastation of value is a material event if there ever was one....where is company response and public recognition of concern?
I, for one, believe in the product and in JG. I believe the company likely has plans working...and real product on the way....and understand hard to combat the current situation without hard news....but our CEO and COB need to get out front ASAP FOR holders and market
well at this point nothing else but time....
the company has really been beaten down....despite having little no debt, a real business program in place that is highly scalable and in demand....
this should be valued 4-6 times higher at minimum...but we wont move until the company shows its hand....financials....ceo comments...Molin's stepping away from board and new appointment (per cc on Vega), shipping order and guarantee of product integrity (cc info)....
time for mgt to get in the game publicly....JG cc call....update from OUR co....
this slide has hurts lots of folks...
Well per CC call clear that the hold up is assurance of supply chain and 100% reliability with standards with large volume scale.
It appears we are close to if not now achieved the level needed.
Zag
agree - the current co has watched (or participated) in the trashing of structure....old vcor sat for years and at lowest was about ,002....
In the transfer the reported float doubled to 500mm and the os to 1.1 bil (again more than doubling)
This seemed fine to me as we now had a 'real' business...and saw easily a cap of 3-5 foundaton with lots of upside...
Looking at the trading - something occurred in Feb/Mar where a torrent of shares came out. Where from is the BIG question. We have traded beyond any scope of the reported float (unless massive shorts) and with a dumping vehemence that suggests ownership at values below any formerly held.
Even if you consider past holders and mgt bailing....why at these levels and all at a time...not likley 100+ shareholders are on same plan....and not for so long and determination.
Unreported shorts? Mgt issues w/o notice? Past holders restricted and now walking away? Along with mm'ers flippiing and playing moves?
The year end will not show any of this - so we will be waiting for some time to see the actuals.
There are no reported filings, and mgt has indicated it is not 'dumping' or otherwsie cutting its own throat selling shares at these levels....
be interesting to see how plays out when all cards on table...
I believe in the business....but jury is out on equity mgt....
Understand shorts dont show...
but not sure if naked shorts show up here? It is a mystery as older holders held same when back with vcor old....so if looking for exits would not have STARTED in earnest only mid March when already down to historic lows...the same for the company....even if raising money this level makes no sense ...if that route then more news...more set ups for higher level sells...
in any case..current simple forward looking holders are killed....
this could pop and break out...but the co need to enlist $ with private case on where the co goes...and news with real$$...seems easy sell as the co is worth 6x where we are....just to get back to square one...
Question,
what is normal now....the onslaught of shares is burying the co....my understanding is all is well with company plans and progress....but they need to find a way to get out from under the attack.
The 'old' vencor never traded down here in all its years if missteps...the company would be suicidal to sell in this pattern with this volume driving itself down - even to the many who have the most cynical views - in any share contract, diluted or not....this does not make cents....(literally)
I think this is in the hands of marker makers...shorts and traders who are playing this for %'s ...
The company has a challenge - how to fight back....several tools....but most important is there substance building in $ results....
If he comopnay can show it ihas earning (reported order and additonal), prospects and plans of scale we should see this at the very least back to old vencor levels as foundation...(.003ish)....
The co has been quiet on this....but sure they have heard and feel the pain.....
we should see some action soon...and at this level....crazy not to take a position...