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That sounds right. Too much pumping and not enough solid news. Today seems to mark of positive turn for the company. More concrete news like this over the coming weeks will negate the need for promoters. The stock will stand on its own as a credible, growing concern. Everyone's tired of the pumping and dumping and shorting. I know I am.
The best thing about this "concrete" news is that we are talking about business in the U.S. -- business that we can see the results more quickly. And we will be employing fellow Americans.
...and I can't help believe that this may have an impact on the grant application, although that would be icing on the cake at this point. A five year contract is much more powerful to the banks and VC to fund the plant construction. Looking foward to the next set of updates on this project.
I would agree. Bankers or VC want nothing more than "contract in hand". This is what VEGA needed to make things real! Solid news to end the week.
Starting to rebound like a slingshot. And with good reason. A "Real Five Year Contract"! Now let's get the plant built and the revenue will start. GREAT NEWS!
Check this NEWS Just Out!!
Press Release Source: VEGA PROMOTIONAL SYSTEMS, INC. On Friday March 12, 2010, 10:20 am
LONDON--(Marketwire - 03/12/10) - VEGA PROMOTIONAL SYSTEMS, INC. (Pinksheets:VGPR - News) announced today it has entered into an Agreement to sell bio-coal to a European energy firm.
Vega has entered into an Agreement with Austrian based, ECEM Salzburg Energy and Environment Consulting GmbH to sell 100% of the bio-coal produced at the Company's Georgia facility. ECEM will resell the product to power companies throughout Europe.
Vega is in the process of building a biomass production facility in the State of Georgia, that when completed will manufacture bio-coal made from waste biomass using process technology called torrefaction. The 40,000 square foot manufacturing facility will be located in Tifton, Georgia and will use organic waste bi-products located within Georgia's Bioenergy Corridor. Once the Georgia facility is completed, it will have the capacity to produce approximately 125,000 metric tons of bio-coal annually.
The five year deal will generate approximately $17 million in annual revenue to Vega.
"We are very excited about our new relationship with ECEM," stated Michael Molen, Chairman of Vega. "This is a huge deal for our company. Having a five year Agreement in hand to sell our product allows us to move forward with the construction of the Georgia plant much faster than originally planned. Signing this deal before the plant is completed confirms what we've been saying all along. The worldwide demand for our product far outweighs the supply. We are now considering a second production line that would run parallel to the first line and double the plant's capacity. We will have many more details about this project in the coming days."
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.
Wow!! FINALLY SOME CONCRETE NEWS! A Real Contract!
True. One could easily say Months, Quarters and Years. Time for talk has run out. Execute the game plan or step aside. There's no in between now.
I have become a Teffy Believer! Either VEGA executes or they don't. For a month now, their has been no clear execution, just some hypothetical future looking PR's. And we all know where that has taken the stock.
When a "real partner" comes to the table, "Call Me". Or when "Real $" are made in the Green Valley Project, "Send Out a Press Release with the Facts". Otherwise Teffy, I am like you - its nothing until its something. Right now, we are .0055 above nothing. p.s. Just calling it like it is. I've seen the light.
I am pretty sure that Mr.Manji was part of the Thailand deal that fell through and ultimately, the 150 million shares that he and the other executive were to get, were returned to the company, when Vega became Vega Biofuels. One would figure that he would have stepped down from the Board at that time as well.
Sounds like a practical way of looking at things. Believe me, we all wish things would start kicking into gear and REAL $ starts flowing.
No update on Brazil, No pictures and concrete update on Georgia, No update on interested parties for the China Project. One PR once a week is not cutting it for investors. Maybe VEGA will get the message. Otherwise, the lower bidders will continue to rule the day until something REAL and CONCRETE takes place. Just the facts guys.
.0088 SP. Good to see some movement up 1.5M shares traded.
I saw it. Now this looks like the real McCoy! Can't figure out the statistics part, but it looks like concrete data and that this project is moving forward.
Yes. Again, it all comes down to EXECUTION! If 2010 is the year of things happening when they say they will happen, then we will all be somewhat reassured that things are changing for the better. So I guess in the end "seeing is believing" today and tomorrow will either see results or more of the same. We're all hoping for results!
The big question for me is will we start seeing "concrete proof" in the form of photos, etc., as stated in that email yesterday. I think everyone is tired of what might be and we are all interested in THE FACTS!
Yes...and it may climb to over .03 if the buying volume continues like it has for the first hour. Looks like strong international interest and possibly institutional buying is helping.
Teffy. You are right. I for one, stand corrected. Looks like the V.P. is coming for a broadband company. While the grant is still a real possibility, he hasn't happened and until it does, I for one, will refrain for hypotheticals. My apologies. And as you said, okay, let's now move forward.
Now that's a good point!
No, I am not a CEO or COO, just an investor. I found the article during some research. If it turns out to be nothing, I will stand corrected. I am also not trying to make up a pipe dream. Thought the visit may have some merit to some company, just do not know who. The V.P. doesn't fly to a particular state for no reason. And like everyone else, I too am ticked off that the PPS is so low. But I also don't believe in giving up on something with such promise, in one day or one week. I think there are a lot of us who think the same way. As for some Queen coming to Georgia, now that seems a little over the top.
My guess is that V.P. is coming to Georgia for a reason, and not to attend a fundraiser. If that reason is to showcase how stimulus money is being used to create jobs, then the big question is: for what company? There are probably many companies who have applied for stimulus money, but only a handful that are in the area that the current administration is so adamant about showcasing, "Green Energy".
Millions of dollars have already been allocated to the State of Georgia for green and renewable energy projects. The State holds the purse strings. If the State has decided on the Grant Application(s) from those stimulus funds, the hope is that Vega Biofuels is one or "the" company that may indeed, receive those funds.
We also can be access that V.P. Biden would not be coming to Georgia in less than 48 hours to showcase a $1 Million dollar grant. My belief is that it is for between $5-$10 Million. If we start seeing the stock move up on Thursday morning, that may be an indication that something is in the works. We should all keep our eye on this. If this turns out to be nothing, then it would indeed be a downer. But it sure looks like there may be something to this trip.
V.P. Biden's visit to Georgia on Thursday is certainly intriguing (#13748). We don't know what it's about but as Biden is in charge of stimulus $$, we do know its about stimulus $$ being given out. The question is who? I think Vega put in their application months and months ago. I just have a gut feeling that Vega may play a part in this visit. Only time will tell. Good thing is that we will know what the visit is all about this Thursday.
Good FoxBusiness info! V.P. BIDEN COMING TO GEORGIA this Thursday... Not sure why, but whenever a politician comes to a state, it usually to tout new jobs or some big project. He is in charge of stimulus dispursements and I believe the grant money VEGA is waiting to hear about also involves stimulus $$ and Green Jobs, something the Obama Administration is anxious to showcase. Here is the url I found when surfing the Atlanta Journal over the weekend. This may also be some other project, but it seems quite interesting. Something to ponder.
http://blogs.ajc.com/gold-dome-live/2009/12/13/exclusive-biden-to-join-perdue-for-stimulus-announcement/?cxntfid=blogs_gold_dome_live
..and the article.....
Exclusive: Biden to join Perdue for stimulus announcement
5:00 pm December 13, 2009, by Aaron Gould Sheinin
Vice President Joe Biden will be in Georgia on Thursday to make an stimulus-related announcement with Gov. Sonny Perdue, the vice president’s office told The Atlanta Journal-Constitution on Sunday.
Few details were available Sunday but would be released in the coming days, Biden’s office said. President Barack Obama, who championed the stimulus act, has charged Biden with overseeing its implementation.
“We are looking forward to Vice President Biden’s visit on Thursday,” Perdue communications director Bert Brantley said. “He was very gracious to come to Georgia during the aftermath of the flooding earlier this year, including spending time at a shelter talking with families that lost their homes. We are glad to welcome him here this week under better circumstances to announce some good news for our state.”
Brantley said the vice president’s office would release details about the announcement later this week.
Georgia has received nearly $7 billion from the federal law known as the American Recovery and Reinvestment Act, of which $3.8 billion has already been spent.
Federal records show the $787 billion stimulus act has created nearly 25,000 jobs in Georgia. But an AJC investigation in November found that number to be overstated by at least 1,500.
A major impact of the stimulus in Georgia has been to plug massive holes in the state budget. The state is using an estimated $1.4 billion in stimulus funds in its current budget, according to the Georgia Budget and Policy Institute. That created or saved 13,000 jobs in the state, the institute said in a report last week.
Thought some might find today's Front Page Washington Times article on China's thirst for green energy, interesting. Looks like they are serious about investing in green energy solutions. If we can enjoy a possible $140 Million piece of the pie, all the better. Enjoy.
China races to invest in green energy
Needs new fuel to grow
By Kit Gillet
THE WASHINGTON TIMES
BEIJING | Regardless of the outcome of this month's climate talks in Copenhagen, China is sprinting ahead in an effort to develop renewable energy sources - especially solar and wind power - to ease its reliance on carbon-rich coal.
China's need to sustain strong economic growth means its reliance on fossil fuels will continue to grow, as will its position as the world's biggest emitter of carbon, analysts say. But it is also investing heavily in windmills, solar panels and hydroelectric power, having doubled its wind generating capacity every year since 2005.
China is already the world's leading manufacturer of solar panels, Dinghuan Shi, chairman of the government's China Renewable Energy Society, said at an energy conference in Beijing earlier this month.
Julian Wong, senior policy analyst at the Center for American Progress, said solar power looks especially promising.
"It hasn't even been a full year since the [Chinese] government made domestic solar deployment a priority. We have seen how government support of wind helped it take off. It could be the same for solar," Mr. Wong said.
China's rapid industrial development in the past three decades has been fueled by coal, which supplies 76 percent of China's electric-generating needs.
"For China to keep its rapid economic growth going, the only economic option is to burn more coal; renewable energy simply cannot compete," said Tristan Edmondson, founding partner at Mint Research, a Beijing-based consultancy.
Mr. Edmondson estimates that China will use 2.17 trillion tons of coal a year by 2020, up from 650 billion tons in 2000.
By then, Chinese planners are counting on non-fossil fuels to provide 15 percent to 17 percent of its electricity, up from about 8 percent today.
China's new energy development plan, drafted by the National Energy Administration, is expected to be announced shortly after the U.N. climate change conference in Copenhagen concludes next week.
Published reports suggest that the plan will raise the country's 2020 targets, last set in 2005, to aim for a fivefold increase in wind power and a tenfold increase in the solar power feeding its electricity grid.
In 2008, China was second only to the United States in terms of investment in renewable energy - $176 billion versus $200 billion - according to the global research unit of HSBC, the international banking group.
HSBC estimates that the country has devoted $221 billion of its recent economic stimulus money to green projects, more than twice as much as the United States and equivalent to 5 percent of China's 2008 gross domestic product.
Solar power contributes 140 megawatts, less than 0.1 percent of the total, to China's electricity grids. The new target is expected to rise to 2 gigawatts by 2011 and 20 gigawatts by 2020.
"China's solar industry has previously been geared towards foreign markets but we are now seeing domestic growth," said Mr. Wong, of the Center for American Progress.
Regulations requiring large power companies to have a fixed percentage of their total energy capacity coming from renewable sources have sent energy suppliers scrambling to meet targets. In some cases, investments have pushed ahead of infrastructure.
For example, many of China's windmills have not been connected to its electricity grids.
"It is easy to be very critical - building a wind farm and not even connecting it - but the obstacles are huge," Mr. Edmondson said. "It is not just about building power lines but about overhauling the entire system."
In many cases, the burden falls on state-owned grid companies to make the connections.
"The government can just issue an edict to get the changes made, but they need to be careful about disadvantaging the companies involved; otherwise, the energy companies will do the minimum possible," said Kent Carter, managing director of China Ventures at Camco International, a leading climate change and sustainable development company.
China already gets more than 170 gigawatts, or nearly one-fourth, of its electricity from hydroelectric sources. Yet difficulties surrounding the massive Three Gorges dam project have tarnished hydropower's reputation, at least for now.
"There was a backlash regarding environmental concerns, but if there is eventually a cap on carbon [hydroelectric power] could be the biggest beneficiary, along with nuclear," said Sheeraz Haji, managing partner at the Cleantech Group, a major investor in renewable energy.
"It's hard to ignore that solar, and also wind, is where the main focus is today," he said.
I believe I should not have stated a concrete number as it can be taken out of context. I was just responding to the "to da moon" comment, something I did not say. Noone knows what happens until it happens. My guess is only speculation. You can't keep a good thing down forever.
Incremental moves up are much better. Tells an evolving story that will be buttressed by more news and some execution of plans in the works. A more SKYWARD, let's say .05 by next Thursday, is a realistic goal. Moving the ball forward is what its all about.
I agree. There are those who are trying to depress and/or short the price and after getting some really cheap shares, will let this thing fly.
Let's take a stand. I'm not selling! This stock is way undervalued. With several many million dollar revenue projects in the pipeline, this stock will jettison up soon. If you are desparate for a few pennies a share, then sell. But coming back in a week from now will be a very expensive option.
...and we have to believe that the investing world will take notice. Already today, CNN Market Wire showcased this impressive Presss Release on the China Joint Venture Project with Global Capital Market, LTD (GCM). For many of you who have traveled internationally, CNN is the premier Cable Station for American and English Speaking news. One can only imagine that thousands of green energy visitors at Copenhagen have or will see this PR turned into a broadcast segment over the next day or two.
Other broadcast outlets will pick it up as well. All this at NO EXPENSE to VGPR. The word is getting out. It's just how much and how fast. All we have to do is play the "Texas Hold'm". The shares will be worth a lot more next week than they are at the moment.
http://money.cnn.com/news/newsfeeds/articles/marketwire/0567355.htm
I think we all agree. Today's PR was like lobbing PSC a softball to hit out of the park. Let's see if they can do it with Germany and some strategic emails and pr's to help get the word out that VGPR's products will help fuel the China energy market BIG TIME, starting only a few months from now. And with more than 2 Billion Citizens, that's a BIG MARKET!
How True x 140,000,000!
I am with you Kiwi99. Collectively, if we take a stand and stop selling at this now "low ball SP", the buyers (and one can argue that there will be plenty of buyers to come whether it be from Germany, China or the U.S.), will be buying at a higher and higher ask. Then the share price will start reflecting all these successful Joint Ventures and projects in the works.
Not sure if anyone has posted this, but the China JV Agreement is being featured on CNN Marketwire (url below).
http://money.cnn.com/news/newsfeeds/articles/marketwire/0567355.htm
This FREE publicity can only be good news in attracting more interest and buyers.
Patience. Here's a good baseball analogy. It's like VGPR has loaded the bases with three good projects (Indiana, Georgia and Brazil), and just hit a grand slam with the $140 Million China Joint Ventur Agreement. We can all pretend that no runs have scored, but eventually the BIG 4 on the scorecard will come up! Stay tuned.
I would agree. This is like .20 cents a gallon gasoline at this price. I know they have to keep on executing but I like what I am seeing so far.
True. Government $ would be nice, but private sector innovation and money is much, much better. Can you imagine how long it would have taken to negotiate with government for 10 plants, generating $140 Million in Revenue. As the PR says:
GCM is providing the land for the manufacturing facilities, the factories, and the necessary biomass resources to produce 100,000 metric tons of torrefaction pellets annually in each plant, generating approximately $14 million in annual revenue, per location. (And the first plant is expected to be up and running in a few months). That's REAL CAPITALISM for you!
VGPR is providing the expertise, distribution channels and management to make it all hum. So in short, I would bet on private sector $ before Government $ anytime. But don't get me wrong, when the Georgia grant gets awarded, VGPR won't turn it down. Would you?
I really think when today's News sinks in with investors over the next few hours and days, we are going to see more people who are are in this for the long haul. I cannot see selling this stock at .05 when they VGPR is in the process of converting to the BB and has so many HOT COALS in the Fire. I am really pleased and will give them some time to put all the pieces of the puzzle into place. Today's $140 Million China Joint Venture Agreement is a great example of execution!
This is MONUMENTAL News! A Real Game Changer. China has lots and lots of Biomass and they are always looking to make money. At $14,000,000 profit per plan x 10 plants, ($140 Million Yearly potential), this project makes VGPR a MAJOR PLAYER in Green Energy. Great Job!! Keep on executing!
I doubt it. If you check the last two sets of updates in October and November, they were followed by two PR's within a weeks time. Let's hope the new PR's to come build upon this Q4 update.
NEWS just came out on Q4 Update! Very positive, with mention of China opportunity.