I know you bought it at the very very bottom... and of course sold it all at the ultimate top... so now its a pos. I got to get a bucket of money.
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So how is that China deal working out?
Today is a fine example why we do not want those idiots in Washington to get a chance to "privatize" Social Security.
For a company that has no revenue it sure can borrow and spend. Who in their right mind would lend money like that to a company that has nothing?
This is just another typical pink sheet. Where are all the deals? Note that there has been no tangible follow ups to anything ever done by VMGI.
Folks forget about all the past claims and pr's that went on after the first reverse split.
they the pr's got bigger and better and started dropping bigger names using LOI's and MOI's.... as the OS and AS escalated
Meanwhile VEVE has gone ghost.
Oh yeah and wipe out the folks left over from the last reverse split. VEVE is no better than any other pink sheet CEO at this point.
I can see how some are praying for a reverse split so everyone can try to unload. But if he changes the symbol your all going to be caught in the lurch.
It buggered up my small time chart with that drop off the scale.
Actually an under funded cheap reality show. Being most likely filmed with an old sony camcorder bought at a yard sale.
there is little drama left here... just wait until VEVE drops the other shoe... most likely in the form of a reverse split.
oh yeah. It is all good though. I do not think this market slide is done yet. I am just glad I am not in panic mode.
yeah except this time around I have some cash on hand.
I am glad i am in for the long haul and not whipsawing my shares all over the place. Time to buy more stock so it seems.
yeah I was going to say i just saw it at 13.13... what a roller coaster.
Well I got to buy more stock when this bottoms out again.
I am getting reamed again. Wall St robbery going on again. Did you see New Florida foreclosures up 16 percent last month. I am seeing this coming because I am looking for a house.
holy crap... Last week and today I am getting my azz handed to me.
GEEEZ Louise stop the madness.
The metals are up as the market melts down. But we are no where near producing an oz of anything.
We will be lucky if this sees .10 to .15 cents again.
market meltdown this week.
yeah this is a tad depressing but if it crashes I am going to buy a boatload this time around.
Usually the followup is going to be some letter of intent for a partnership or some odd thing.
If anything tangible ever evolves out of VMGI we will see it right away.
Do you remember when they were going to buy libraries of movies so they could capitalize off of viewing.
or the failed website...
or the Mexican cowboy miners...
it is a long list of non tangibles.
as most penny stock CEO's they will milk the cow until the milk runs dry. Then off to slaughter.
So when does the miracle occur where this stock is worth more than a sheet of paper at Staples?
excuse me... it is still August.. I was booking trips and had the wrong month calendar up... I would bet halfway through September we are at the same place we are now. VEVE's press releases are like a fart in the breeze... they smell and disappear as fast as he issues them but the shares that were diluted still linger.
This stock is broken again. No one to blame or point a finger at but VEVE. You take a diluted company, you clean it up, reverse split... and then you dilute it into oblivion all over again.
How many here think that they are not going to reverse split somewhere again the minute they can crank up the pump machine to make folks once again believe they have some miracle happening.
you know it was a typo... this stock is going nowhere but in the crapper. VMGI has not done a thing so far this year and VEVE knows it.
Well time flies when your doing nothing. We are already now half way through September. Not a thing accomplished. Almost another year! What a production company. VEVE cannot expect to have any credibility at this point. Not one timeline has ever been met. He obviously has no money.
VMGI would make more standing on a corner of downtown Denver selling dime bags of weed at this point.
What could he possibly come up with this time to keep anyone interested and believing that this company will accomplish anything they say they are going to do.
a nice break of the 67.5c range would be a continuation at this point.
I do not visit IHUB much but am very sorry to hear of your troubles Bruce. I wish you and your family well. Fight the good fight.
Frank M.
oh well the Donald Trump says they make too much. That should have the workers all fired up.
I am amazed at how Ford is so low priced compared to the other stocks in its sector.
It just seems to not have legs. Maybe the rest of the week will be a tad better. Hopefully it holds some gains.
lol how about mentioning where this stock started... like going from dollars to pennies... from good markets to pinks to grey...
what accomplishments to celebrate.
It is like going bankrupt and then coming out of bankruptcy. Sounds good but does not instill a comfortable feeling.
So every thing predicted came true... on the other hand. Stock fell through the floor.... got chilled, went pink, grey... and now is trying to be resurrected without anything but this deal going on.
I like making money quarterly not bi yearly. Divy stocks are the way to go. You know how hard it is going to be to get this to a nickel?
he would have been better off biting the bullet and not diluting to the max. He has now lost the credibility he gained fixing the stock after the previous owners trashed it.
Plus he has plenty of time to complete a project other than winters wind. You figure winters wind was a practice run... but he seems to have learned very little.
Maybe and I say that with a pound of salt, Maybe he will get something done. But with the dilution you will have to move a billion shares to see a move.
This one is iffy right now. I would put my cash into a divy stock instead. JMHO
So I ask again. Has any work been done this year? Any heavy lifting? Or just a little playing with the new equipment.
I guess we are waiting for inclimate weather?
I am reading the quarterly and I don't see why they just stopped everything waiting one the victory and phosphate. There are other wrecks that could be salvaged.
Halfway through August and NOTHING! VEVE enablers make excuses for this retched excuse of a stock. VMGI almost sold more shares than McDonald's has sold burgers this year...
Revenue is not a word you associate with VMGI nor William Veve.
Where is a completed deal or project? Even Winters Wind was not his project. New is always of delays and some new endeavor that never turns tangible.
For a producer or production company VMGI has not "produced" a thing that could be pointed at as being a positive contribution.\
Furthermore if anyone thinks that Veve's claim of no reverse split is solid and can be depended on then why did he do it the last time and why did he dilute it to the high heavens again?
There ought to be a law...
Football is already here. This year is flying fast. I ask the penny folk. What has your stock or stocks done so far this year.
I ask as a comparison to the divy stocks and the real company stocks.
What has your penny stock CEO done for you!
Good luck with that.
Meanwhile next month the Divy stocks pay out again.
sooner or later they get pumped and dumped. Now if the OS was 4 billion I would figure you stick a fork in it. But it is not diluted that badly. It could still rise.
It is not worth selling... They screwed up so many times it just is not worth selling. If they pull another pump and dump and I can make back even half I would sell.
I really do not have too much faith in the ability of the managing team to make this a revenue generating company anymore. To many screw ups over the years.
but if they do find a plan that works I won't begrudge but they have tarnished my value in them as being a viable company.
I am entitled to my opinion after 10 years.
So what is the actual time frame for the deal? August is flying by.
A break of .65 this week would be a nice continuation into next week.
Now how is this one doing... its not doing. I have to buy an 18 wheeler to carry all the shares that are needed to have any value here.
You know your stock suks when you own over a million shares and they aren't worth squat.
Where is Waldo.... er VEVE lately? Has anyone put out an APB on him?
August is flying by and still not a word of news that adds up to anything.
VEVE must have bought a couple of magic beans and is awaiting on a beanstalk. That will be the next show we start filming.
In the U.S.: NYSE MKT: HTM and in Canada: TSX: GTH
U.S. Geothermal Inc. Announces Stock Repurchase Program
and Plan to Evaluate Other Strategic Alternatives
BOISE, IDAHO – U.S. Geothermal Inc. (NYSE MKT: HTM, TSX: GTH) (the “Company”) a leading renewable energy company focused on the development, production, and sale of electricity from geothermal energy, today announced that its Board of Directors has authorized the repurchase of up to $2.0 million of the Company’s outstanding common stock through the end of July 2016. In addition, its Board of Directors has taken steps to evaluate other strategic alternatives in order to increase shareholder value.
John Walker, Chairman of the Board of U.S. Geothermal stated, “The Board is confident in U.S. Geothermal’s strategy and fully supportive of the senior management team and their operating performance and growth plans. At a time when the North American financial markets have large cash reserves and renewable energy projects with long term power sales contracts are in high demand, U.S. Geothermal is trading at a discount to the fair market value of its operating assets, below valuations seen in recent geothermal power plant or other renewable power plant transactions. The repurchase plan and our review of strategic alternatives demonstrates our commitment to delivering shareholder value.”
The authorized purchases under the stock repurchase program announced today are expected to be made from time to time in the open market on the NYSE MKT and may commence following the release of the Company’s second quarter earnings. The Company intends to pay for any stock repurchased with existing cash balances.
The timing, volume and nature of stock repurchases will be at the sole discretion of management and will be dependent on regulatory restrictions, market conditions, price and availability of shares of the Company’s common stock, applicable securities laws and other factors. The repurchase program may be suspended or discontinued at any time.
“Our current liquidity combined with our reliable cash flow is more than sufficient to support ongoing operations and near-term growth opportunities” said Dennis Gilles, U.S. Geothermal’s Chief Executive Officer. “We have recently made significant advances in two of our development projects which will have a positive impact on our growing megawatt output. At current share prices we believe that repurchases of our common stock represents an attractive opportunity and effective use of cash, to enhance stockholder value.”
The process of evaluating strategic alternatives will be overseen by a Special Committee of the Board consisting of three independent directors: Leland Mink, Paul Larkin, and John Walker, who will serve as Chair of the Special Committee. The Special Committee will consider all alternatives to increase stockholder value and will recommend a course of action to the
U.S. Geothermal Inc. 390 E Parkcenter Blvd, Ste 250, Boise, ID 83706 208-424-1027
www.usgeothermal.com
company’s full Board. The Special Committee has selected Marathon Capital to serve as its financial advisor. Dorsey & Whitney serves as the Company’s legal advisor. This process will consider a wide range of strategic alternatives to maximize shareholder value, including unlocking trapped cash, optimizing financing and evaluating potential strategic transactions.
The Company has not set a definitive timetable for completion of its evaluation and there are no assurances that the process will result in any transaction being announced or completed. The Company does not intend to comment further regarding the evaluation of strategic alternatives, unless the Company proceeds with a specific transaction or the process is concluded.
About U.S. Geothermal Inc.:
U.S. Geothermal Inc. is a leading and profitable renewable energy company focused on the development, production and sale of electricity from geothermal energy. The company is currently operating geothermal power projects at: Neal Hot Springs, Oregon, San Emidio, Nevada and Raft River, Idaho for a total power generation of approximately 45 MWs which are fully contracted plants, collectively generating annually over $31 million in consolidated revenue, more than $17 million in consolidated adjusted EBITDA, and yielding approximately $10 million in free cash flow to the Company. U.S. Geothermal’s growth strategy is to reach 200 MWs of generation by 2020 through a combination of internal development and strategic acquisitions.
About Marathon Capital:
Marathon Capital is a leading financial advisory and investment banking firm focused on providing financial advice in the areas of M&A, structuring and raising debt, equity, tax equity capital, financial restructuring, and workout situations in the global energy and infrastructure markets. Marathon Capital is a two-time recipient of the "Best Renewable Asset M&A Advisor" award in Power Finance & Risk’s Annual Power Finance Deals and Firms Awards (2013 & 2014). For more information, visit www.marathon-cap.com.
FOR ADDITIONAL INFORMATION PLEASE CONTACT:
Saf Dhillon - Investor Relations
U.S. Geothermal Inc.
Tel: 866-687-7059 Fax: 208-424-1030 saf@usgeothermal.com
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