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I myself don't see a scam, things have moved slower than anticipated. VGPR has not communicated much to the shareholders but once things come into place this would fly.
I myself is surprized with these numbers. Does it mean that VEGA shares are worth of 3 Billion dollars? We didn't see these numbers anywhere in last filing or P/Rs? Did we?
Estimated Market Cap
$3,100,252,219 as of Aug 16, 2010
Outstanding Shares
31,002,522,194 as of Aug 2, 2010
Authorized Shares
50,000,000,000 as of Aug 2, 2010
Is there a way to know exact number of A/S from VEGA?
My research shows that no reason VGPR would drop so much. It hasn't been this low since early November. I had to wait several months for it to drop but unfortunately it kept going down. VGPR should rebound, especially with the next press release which I am hopeful will bring some good work.
I am glad that atleast 3 guys who used to claim short selling VGPR after that R/S have disappeared.
There is nothing to fake about my identity, I have my real name and email address in my previous postings. I am not promoting Molen/VEGA, and have equally concerned about my money.
I don't believe its a scam else I had myself approached to SEC, I personally know few employed there.
If it was a scam I am sure that Molen would be looking out a way to pack up & disappear than filing cases against Mr. Chew & trying to protect VEGA. I am glad about "Fulton County Superior Court Judge Issues Court Order Against Vega Bioufuels Consultant Robert Chew".
let's wait & watch.
How can you say that about the plant in Georgia? I myself is here to find out the truth and get my investment back, I heard that they leased the land and would start production later this year.
1. What precisely do you base your optimism on?
--I believe that VEGA has done R/S 300:1 for a something better, people who claimed that its going to be .05 to .01 in a week have been proven wrong. I don't see those who talked about shorting this stock are fled. This might had gone to its ASK price .35, if we had kicked out people are "Brazil Ops" and "fbinvestor", they are trying to create an environment of panic. I am glad that finally VEGA has taken action against them, I would say that
2. Most folks have lost 90-95% of their investment-stocks like this RARELY recover.
--I agree, including me. That's what the fortune of most sub-penny stocks are, I am still holding and waiting for the right time, which I believe is not far away.
3. If it looks, feels,"tastes" like a scam, etc., well you know the rest. I assure you what you might term bashing in this forum is NOT the reason why the stock price is where it is.
-- I am neither bashing nor buying( I wish I had money to buy at this time, I bought at much higher price), but I feel sad that some people are creating panic here and hurting existing and future investors.
I strongly feel that this is at its bottom, see the BID vs ASK ( .1 vs .35 ), which I feel that can fly any moment with some good PR and once "D" is back.
I don't see any fear among investors selling their shares, most of us are holding it because its the bottom.
I saw someone here talking about shorting VEGA at .05, wanna ask them if they are going to file bankruptcy soon? lol...
I appreciate board members for their valuable suggestions and updates but then look at these people who are trying nothing but to hurt the company for their personal matters.
Brazil Ops
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Alias Born 07/28/2010 01:21:57 PM
fbinvestor
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I don't know why someone would write hundreds of posting( on an average of 8-10 postings a day) without any benefit? buying cheap ??
If you have personal enemity with Molen/VEGA then investorshub is not the right place for that.
How come they suddenly appeared here? What you guys want?
Yep, In case of if you are willing to travel somewhere within US to find some information, I am with you. I have lost $54K, 500 dollars won't matter to me. I want my money back from this scam. :(
So what should we do now, when this trading is going to be resumed. The SPP would be like .02 to .05 ? which means after R/S of 300:1 based on .0009 it has gone down 10 times ? :O
I have been following postings on this Board every minute & its depressing me more & more.
I have invested my lifetime saving in this stock( over $54K ). I find myself a fool holding 7.8 million shares. What can I do about it? Please suggest.
'RedStar02112' is here only to create panic(He feels that he couldn't buy cheap before).
Read all his posts( in his own statement its a worthless stock, but he still spends hours behind VGPR, hehe..).
He is spending his precious time to short shares of a sub-penny stock ( SP - .0009) having an average volume of 1-2 millions everyday.
The strength of VGPR shows that even after the news came in Thursday evening for the 300:1 reverse, we didn't any panic or much sell off, how many people their bags filled for .0007 to .0008 range?
Hmmm. I am waiting to see how does it go before trading starts again back on VGPR Symbol. There may be some PR, good work, Q1 is already filed("STOP sign will go off) and news moving to higher stock exchange. We can reach to a dollar per share. I will be the king in this world :)
If Molen had to dump shares why would he not sell at .0009-.0012 than going for a R/S and bringing the SP down? This has been done only to move to higher stock exchange.
TAKI , I am fallen in graveyard. I lost $50K :(
Can I do anything about it? My $56K is now just 1.2K :( . He has been emailing me back & forth from past 2-3 months, always giving me a hope that just hold it, things will get better. ufffff.... I am having sleepless nights.
What Molen is getting in this game, we have lost tons of money in this gamble.. SHIT!!!!!!!!!! I am a loser and a sincere apology to RedStar02112
To our Shareholders: July 29, 2010
As a result of the expansion of our business and our plans to move the Company to a larger exchange,
the Company’s Board of Directors, with the approval of the majority of our shareholders and The
Financial Industry Regulatory Authority (FINRA), recently approved a reorganization of the Company.
As part of the reorganization, the Company has re-domiciled to the State of Wyoming.
The name of the Company has been changed to better reflect the business of the Company. The new
name is Vega Biofuels, Inc.
In order to help the Company raise the necessary capital to implement its Business Plan, we have
conducted a 1:300 reverse split of our common stock.
Pursuant to the recent approval of FINRA, these changes become effective today.
To receive new stock certificates, shareholders of record may contact the Company’s transfer agent,
Action Stock Transfer Corp. at 801-274-1088.
FINRA Operations no longer changes the ticker symbol for issuer's that have conducted a name
change. A "D" will be placed on our ticker symbol (VGPRD) for 20 business days. After 20 business
days, the symbol will revert back to the original symbol (VGPR).
We will have additional information concerning these changes and an update of the Company’s projects
as we move forward
This is a very busy time in the life of the Company and we ask for your continued patience as we move
forward.
Thanks again for your interest in Vega and your continued support.
Michael K. Molen
Chairman/CEO
Certain statements in this release constitute forward-looking statements or statements which may be
deemed or construed to be forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. The words "forecast," "project," "intend," "expect" "should," "would,"
and similar expressions and all statements, which are not historical facts, are intended to identify
forward-looking statements. These forward-looking statements involve and are subject to known and
unknown risks, uncertainties and other factors which could cause the Company's actual results,
performance (finance or operating) or achievements to differ from future results, performance
(financing and operating) or achievements expressed or implied by such forward-looking statements.
New PR is out, I will see how does it go in next few days and will see who will go for an apology. If I am loser I will sell my VGPR shares and donate the money in Somalia and also a gift to 'RedStar02112' .. lol...
http://www.vegabiofuels.com/pr/shareholderUpdate.pdf
I just got an email from MOlen..
Vega shareholder update
InboxX
Reply |Michael K. Molen to me
show details 9:08 AM (1 hour ago)
fromMichael K. Molen <michael@mkmolen.com>
reply-tomichael@mkmolen.com
toManoj Bhartiya <manojbhartiya@gmail.com>
dateThu, Jul 29, 2010 at 9:08 AM
subjectVega shareholder update
hide details 9:08 AM (1 hour ago)
Manoj,
Attached is a Shareholder Update that is posted to our website today.
Regards,
MM
Michael K. Molen
Chairman/CEO
Vega Biofuels, Inc.
Oh SHIT !!! Molen Mf******* :((((((
Fact is VEGA is sitting on top of a volcano, any PR will bounce it 15-20 times up and I am sure that we are gonna see it a dollars soon.
There were no reasons why did it dipped so low, I heard that there were lots of internal purchase inside VEGA. I have been in touch with dozens of email from Michael Molen and I don't find any reason to sell my 7.8 million shares which is going to be 7.8/300 on new issue. I may be a millionaire soon :)
RedStar02112' you are a loser, if you had short yesterday you had lost 1/2 by this time.
Do your own math. .0008 * 300 = .024 Whereas share price is now .05 .
Vega BioFuels Inc VGPRD:OTC Education help is OFF
Sector: N/A Industry: N/A
0.05 0.0491 5,455.56% 333
I believe PR & good work is on its way, we should hear something very soon.
fromMichael K. Molen <michael@mkmolen.com>
reply-tomichael@mkmolen.com
toManoj Bhartiya <manojbhartiya@gmail.com>
dateWed, Jul 21, 2010 at 9:40 AM
subjectRe: Vega Info...
hide details Jul 21 (8 days ago)
Manoj,
We will have an announcement as soon as we complete the things we are
working on.
The stop sign on the pinksheets website is a result of the last quarterly
filing not being filed on time and has nothing to do with the current
status of the Company. It will be filed soon and our status will return
to fully compliant.
Thanks again for your interest in Vega Biofuels.
MM
Michael K. Molen
Chairman
Vega Biofuels, Inc.
- Hide quoted text -
The contents of this e-mail are confidential to the addressee and are
intended solely for the recipients use. If you are not the addressee, you
have received this e-mail in error. Any disclosure, copying, distribution
or action taken in reliance on it is prohibited and may be unlawful. If
you receive this in error, please contact the sender and delete the
material from any computer.
There is no panic for the R/S . I believe its for something good. We will see soon :)
You are gonna file bankruptcy if you do short sell, give a try. Its just the start of the plan for registering into higher stock exchange, also PR is on the way.
The pitfalls of shorting reverse splits
Even though 75% of reverse splits end up declining, it is not as easy making money shorting them as you might think. The 25% that go up can go up so much they wipe you out, says Andrew Lo, a finance professor at Massachusetts Institute of Technologys Sloan School of Management.
I believe its all because they are planning to move the higher stock exchange.
Do you think when it opens tomorrow it will bring the PPS down? Are you going to sell your shares? I am holding it for a while, it shouldn't dip any further. Let's hope for the best. Any PR release will make it fly multiple times.
TAKI, my old friend. Its good to see you back again after a while.
Do you see any intentions behind this change? What this means to shareholders?
So it isn't moving to the higher stock exchange, right? Just its name changing from VGPR to VGPRD and we will get x/300 shares at price of x*300.
What does it means to shareholders?
When is that happening?
Is this the reason the SP is falling? It now available at .0008.
Thanks in advance for your answers.
Intresting info, but I didn't get that. What Dividend Amount: 1-300 R/S means ?
I myself is in the same boat of yours, can't do much than wait & watch. It hope its not a scam, just in delay of process and careless toawrds shareholders.
What options have we got?
What it buys to us to report to the SEC?
Is there a way that we make some plan/conference calll/group email to hold Molen so that he answers our concerns/questions?
I am equally concerned, but at this point I can't say anything negative because we have not much information. What I know that one of the very honest promoter has worked for VGPR, Molen doesn't has the history of fraud.
Why don't you send these queries to Molen and see what does he say. I posted the following yestersay and waiting for the response. Last time when he didn't answer my email I mailed the same thrice then he responded.. lol.. You can do the same.
Dear Mr Molen,
I would like to bring your kind attention to the concern of the Board Member of InvestorHub in the VGPR discussion Board. I have collected some of the questions they have. I would appreciate if you could respond this to your shareholders.
1) Who has Vega hired as an Auditor? Get the name, address and phone number and validate the information
2) When will Q1-2010 financials be released
3) When will Q2-2010 financials be released
4) Will either of the these financial results be audited
5) When will VEGA file a Form 10 and Form 3 with the Security and Exchange Commission (SEC)
Until all of the above (and more) is done and filed only then can he submit an application to OTCBB for up listing.
Up listing requirements are not easy to meet, they include at least 2 non-affiliated board members, compensation and other corporate governance policy/by-laws, audited financials and then filing the SEC Form 10 & 3 among others.
Here are the up listing FACTS:
http://www.otcbb.com/faqs/otcbb_faq.stm
What are the eligibility requirements for the OTCBB?
In order for a security to be eligible for quotation by a market maker on the OTCBB, the security must be registered with the Securities and Exchange Commission (SEC) or other federal regulatory authority that has proper jurisdiction (see below) and the issuer must be current in its required filings with such federal authority.
Domestic issues quoted on the OTCBB are limited to the following securities:
securities of issuers that make current filings pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 ("Act");
securities of depository institutions that are not required to make filings under the Act, but file publicly available reports with their appropriate regulatory authorities;
securities of registered closed-end investment companies; and
securities of insurance companies that are exempt from registration under Section 12(g)(2)(G) of the Act.
Foreign issues and ADRs must be registered with the Securities & Exchange Commission (SEC) pursuant to Section 12 of the Securities Exchange Act of 1934.
See Filing Information for more information on filing requirements and how FINRA processes OTCBB issuers' filings.
Filing Information
What are the filing requirements for being on the OTCBB?
Issuers of all securities quoted on the OTCBB are subject to periodic reporting of financial information to the SEC, banking, or insurance regulators. Issuers who file with the SEC via EDGAR are not required to submit hard copy filings with the OTCBB or FINRA. However, the OTCBB must receive hard copy filings for issuers which do not file via EDGAR or those which file with other regulatory agencies. For information on how to submit hardcopy filings to the OTCBB, click here.
Are OTCBB company auditors required to be registered with the Public Company Accounting Oversight Board (PCAOB)?
Effective October 22, 2003, auditors of all domestic public companies must be registered with PCAOB. As specified in Section 102 of the Sarbanes-Oxley Act, it is unlawful for an auditor of a public company to issue an audit opinion if they are not registered with PCAOB. Filings with audit opinions of an unregistered PCAOB auditor are considered to be incomplete and not in compliance with Rule 6530.
------------
Thanks,
Manoj
What made you to think that its a fraud?
Well, I don't think its a questions of been victimized. I myself have lost more than $50K in this game, but then who doesn't know that this behavior is uncommon in penny stocks.
Yes, Its true that I thought VEGA was different otherwise I hadn't had put a major chunk of my investment here, now here are questions?
1. How many people know what VEGA is actually going? -- Other than bashers who wants to buy cheap and second who are frustated.
2. I tried the 1-800 number, it directly goes into the voice message, can we get hold of Molen on come sort of conference to demand an answer?
3. Based on my reseach on about VEGA, I would say that we are in darkness, we really don't know what they are upto. My conversation with few traders say that company have great potentials and may be its a game to bring the SP down and more trades would happen inside VEGA. May be a crap.
4. In fact I am willing to fly where Molen is, have a personal meeting, 500 dollars doesn't hurt to have a meeting with him( I have lost 50K ) , see what their plans and plants are. I own 1.5% of the company shares.
I don't know I may be a loser here.
This is what I mailed to Michael Molen, will post again the once he responds.
Dear Mr Molen,
I would like to bring your kind attention to the concern of the Board Member of InvestorHub in the VGPR discussion Board. I have collected some of the questions they have. I would appreciate if you could respond this to your shareholders.
1) Who has Vega hired as an Auditor? Get the name, address and phone number and validate the information
2) When will Q1-2010 financials be released
3) When will Q2-2010 financials be released
4) Will either of the these financial results be audited
5) When will VEGA file a Form 10 and Form 3 with the Security and Exchange Commission (SEC)
Until all of the above (and more) is done and filed only then can he submit an application to OTCBB for up listing.
Up listing requirements are not easy to meet, they include at least 2 non-affiliated board members, compensation and other corporate governance policy/by-laws, audited financials and then filing the SEC Form 10 & 3 among others.
Here are the up listing FACTS:
http://www.otcbb.com/faqs/otcbb_faq.stm
What are the eligibility requirements for the OTCBB?
In order for a security to be eligible for quotation by a market maker on the OTCBB, the security must be registered with the Securities and Exchange Commission (SEC) or other federal regulatory authority that has proper jurisdiction (see below) and the issuer must be current in its required filings with such federal authority.
Domestic issues quoted on the OTCBB are limited to the following securities:
securities of issuers that make current filings pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 ("Act");
securities of depository institutions that are not required to make filings under the Act, but file publicly available reports with their appropriate regulatory authorities;
securities of registered closed-end investment companies; and
securities of insurance companies that are exempt from registration under Section 12(g)(2)(G) of the Act.
Foreign issues and ADRs must be registered with the Securities & Exchange Commission (SEC) pursuant to Section 12 of the Securities Exchange Act of 1934.
See Filing Information for more information on filing requirements and how FINRA processes OTCBB issuers' filings.
Filing Information
What are the filing requirements for being on the OTCBB?
Issuers of all securities quoted on the OTCBB are subject to periodic reporting of financial information to the SEC, banking, or insurance regulators. Issuers who file with the SEC via EDGAR are not required to submit hard copy filings with the OTCBB or FINRA. However, the OTCBB must receive hard copy filings for issuers which do not file via EDGAR or those which file with other regulatory agencies. For information on how to submit hardcopy filings to the OTCBB, click here.
Are OTCBB company auditors required to be registered with the Public Company Accounting Oversight Board (PCAOB)?
Effective October 22, 2003, auditors of all domestic public companies must be registered with PCAOB. As specified in Section 102 of the Sarbanes-Oxley Act, it is unlawful for an auditor of a public company to issue an audit opinion if they are not registered with PCAOB. Filings with audit opinions of an unregistered PCAOB auditor are considered to be incomplete and not in compliance with Rule 6530.
------------
Thanks,
Manoj
Oh, I tried this phone number more than the number of days I lived in this world, =>> voice message directly. Molen must have an another number.
'ack0605', thanks for good questions. I am going to send these to Mr. Molen and see what he responds.
1) who has Vega hired as an Auditor? Get the name, address and phone number and validate the information
2) when will Q1-2010 financials be released
3) when will Q2-2010 financials be released
4) will either of the these financial results be audited
5) when will VEGA file a Form 10 and Form 3 with the Security and Exchange Commission (SEC) .
btw, anyone has got his number? I wanna buzz him and demand an answer.
Dear Board Members,
I would like to invite honest opinion. I have been following Mr. Molen by emails, he has been writing since last 4-5 weeks that things are on the way. "STOP" sign will go off once they file quarterly and soon they will move to higher stock exchange. There would be few PRs. In fact he has been very prompt to the emails( like within a day).
I hold my positions as here( over 6.5 m shares).
Positions (My Investments)
Symbol Qty Price Mkt Value $ Chg % Chg Today's Chg
VGPR 6645002 0.0008 5,316.0016 0.00 0.00 0.00
Which I bought for over 54-55 thousand dollars(bought on .008 - .009 ands .01 ), more than 70% of my portfolio. Its worth of 1/10 of what I bought.
I was very hopeful that it will bounce back, but now I am losing my patience. There is no end of the downward trend. What you would do if you were at my place?
Thanks,
Manoj
I spoke to Mr. Matt from VGPR, he wasn't from Investor relation. When I asked him about moving to the higher stock exchange and PR, he refused to give any date but he said that something will come out very soon as said in the last Press Release and Stockholders update.
I also asked him why this SP is going down and concern about shareholders, he said things have been very busy this quarter but they are almost finalizing on it & soon things will be better.