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Vega´s next press release on Ga Plant: Molen is curreently interviewing engineering firms that can build a biocoal plant and will announce soom the company hired. Unless Molen comes clean and announces the specific site and specific state grants to support his project, consider it a SCAM!
With no cash, How will Vega buy a site in Savannah? No bank will lend money to Vega Biofuels. It would nver pass a credit check.
SCAM! Plant site announcement in Savannah, GA is just another scam PR. Unless Molen provides a real address for investors to evaluate the planned site for a biocoal plant which Molen has absolutely no clue as to the technical aspects of biocoal, investors should be very wary of this PR game. The wording of this press releae is very similar to his previous announcement for a plant in Tifton, GA, China etc. THIS IS A SCAM!
Does anybody know how to find out where Molen is hiding? He has disappeared from his invetsors. I am in Brazil and would like to find Mike, What has been Seth,s involvement with Vega?
Molen is basically buying his stock to show that there is some demand in order not to be delisted. Molen should be facing his investors soon in order to return their money which has gone to support a lavish trip filled lifestyle between the US and Brazil.
Where is our worst CEO in the energy sector? Molen seems to have disapeared. He hasn,t made a press release on any of his false projects in 6-months. Molen needs to present a plan to return the investor´s money.
I hope that Molen is stopped by the SEC soon. He has openly commited securities fraud and has used Vega as a pump and dump operation, trying to get new investors to put in money to a company that has absolutely no projects, viable management, cash flows or products to create wealth. The only operation is Molen making outrageous press releases and family members promoting a rediculous website with waving grass.
Nothing. It was off the air this morning
Vega Website taken off the Web. Go to www.vegabiofuels.com and you will see that the site is suspended. I wanted to see the waving grass this morning that Molen´s son Seth developed for the site only to find that the site is suspended. Perhaps Molen will be suspended from business.
Molen needs to go to prision and Vega needs to be shut down.
Why do you want to sell your worthless shares to a sucker? That does not seem too moral. Take your loss and move on.
Your comment makes absolutely no sense. Get some help
MOlen and Vega Biofuels are complete scams. Nobody should invest in this company. There are absolutely nothing real about this firm except that Molen has taken and used investors money for his own personal gain without creATING ANY INTRINSIC VALUE TO THE SHAREHOLDERS. wHY DO YOU HOPE THAT NEW INVESTORS BUY YOU OUT WHEN YOU KNOW THAT VEGA IS A SCAM?
Dear Uptick, I have proven every accusation that I have made to be fraud. Molen has made no effort to prove to the investors that his PRs are truthful and that they represent real business. Mr. Chew saw Molen,s false PR statements on China, Brazil and on green Valley since he attended conference calls either before or after the PR announcements. It was clear to him that the PR statements were a clear stretch of the truth which amounts to fraud.
This stock has absolutely no value, the company has no management team, no real projects and no prospects of revenues. Molen will probably face a fraud charge for the fraud in the inducement practices that he has carried out over the years using Vega as a scam. DO NOT INVEST.
Therapy with Molen! If anybody wants to know what Molen tells Chew on Skype, I will be glad to post the conversation. Molen does not have the character to mange other people´s money. Since he has no employees, it is clear that his people skills are lacking. Where are the 20 emplyees that Molen boasts are working? Is Molen paying their salaries out of his stake in the company? Perhaps Molen is generous with other people´s money. Molen openly used Mike Knauff´s name and Bob Chew´s name to pump the stock for his own benefit.
Molen refuses to meet with investors who invested cash into Vega. After repeated requests to call a board meeting in Atlanta so that all investors who want to can attend and meet Molen to address their concerns as to the disasterous mismanagement of Vega Biofules and the possible criminal use of Vega to benefit Molen and his insiders, The SEC must take action and shut down CEGA. Molen has no respect or concern for his investors.
I will be glad to past all of the exchange with Molen. When he states no to the meeting, it was in reference to meeting with invetsors. Molen refuses to meet with invetsors. Why doesn´t Molen convene a shareholders meeting in Atlanta?
Conversation with Molen on Skype via texting. Molen likes to text Mr. Chew when he sees Mr. Chew on Skype. It is a form of therapy for Molen.
lets meet in Atlanta. I will bring 2 of your investors. Are you afraid?
[16/11/2010 19:20:46] Molen: of what?
[16/11/2010 19:20:49] *** Call to Molen, no answer. ***
[16/11/2010 19:21:11] Robert Chew: meet your investors and answer their questions
[16/11/2010 19:21:17] Molen: not at all
[16/11/2010 19:21:21] Molen: i do that all the time
[16/11/2010 19:21:33] Molen: but sorry bob, you aren't an investor
[16/11/2010 19:21:48] Robert Chew: You you do not. You frauded your invetsors ND DO NOT PROVIDE ACCURATE INFORMATION
Uptick, it is great that you do not care about the vision of the company since there is no vision. The conversation was on Skype which I cannot transfer to this site. I have the conversation on my computer.
Why doesn´t Molen convene an invetsor´s meeting in Atlanta to answer investor´s questions and provide a vision for the firm?
Molen Skyped message Mr. Chew stating that he does not want to meet investors or answer their questions. He has better things to do than to talk with investors and answer their hard questions. Just another example of why Molen should not ever manage investors money. Molen wants Mr. Chew to meet in at the Fulton County Court House anttime next week. Mr. Chew asked Molen if investors could come and he said no. Molen also hinted that he is about to abandon the biofuels business. Not surprising since he has absolutely no experience in biofuels other than the understanding that it is an area where investors are interested in investing. Perhaps Molen will no go into the rare earth material business and announce a new mine in GA.
What happened to Mike Knauff and his great leadership of Vega?
Dear Uptick, biocoal comes from torrefaction which is what Molen was claiming that he has and infurred that he had industry experts to manage the business. Mr. Chew was the expert and he clearly has announced that nothing Molen stated was serious and the company had absolutely no intentions to actually take the steps necessary to develop a biocoal facility in the UNited States. If Molen with his money from the investors actually hired an engineering company for $300,000 to do the energy balances and conceptual engineering, perhaps Molen would have some credibility. Unfortunately after a press release that stated that Molen was asking engineering firms to bid on designing the plant (This would never happen), Molen simply dropped the issue after he maximized the stock pump. THIS IS FRAUD.
It is the truth. Molen is not telling the truth on Tifton. How can you develop a biofuels project without the local community being aware of the project? Environmental permits require public knowledge and exposure. The COC clearly stated that Vega is a scam.
Lets put Molen in prision for fraud. I am doing everything possible to present the information in the format that MikeHammond needs to file a class action suit against Molen. I promised to have everything by next Monday. Do not let this fraud continue. Everybody that invested based on a longterm perspective due to PR statements from Molen has a case to sue and recover their loses. Molen has your money and should be forced to return your hard earned resources. One can go after his homes, cars etc to recover the money.
It is not a lie.Besides what the COC told me, any person in the energy business can tell you the Vega is a scam.
My game is to stop the fraud being conducted by Molen so that new investors do not buy stock based on a false PR. If you want to speculate on air, no problem as long as it is not a serious investment. Making false PR statements cannot be tolerated
The chamber of commerce stated that Vega is a scam. Molen needs to prove that there is a real project showing lease agreements and proof that the site will be environmentally permited. Molen has not made any effort to present his false project to the local community.
Dear Wooki, there is absolutely no plant in Georgia being developed by Molen. Even the Chamber of Commerce in Tifton, GA has declared Vega a scam
What has Molen done to Chew?
This is a lawyer who investor has contacted to sue for fraud against Molen
Molen refuses to buy VGPR stock as a way to demonstrate faith in his vision for the investors. It appears that Molen just wants new investors to buy VGPR stock whenever he does a PR pump. There are no intentions to actually do real work and build something of value. Molen should buy his worthless stock.
Molen makes no effort to move Vega to a higher Exchange: A few months ago Molen stated in a PR that the purpose of the Reverse Split was to move the company to a bigger exchange. He told \mr. Chew that it was going to be the New York Exchange. One of the requirements was to hire a good accounting firm to start doing the books. Where are the audited financials that Molen promised for the investors?
Molen refuses to buy Vega stock. Molen emailed Bob Chew stating that he has better things to do than to buy Vega Stock! Mr. Chew emailed Molen via the Vega website asking why doesn't he invest his own money in Vega stock as a way to obtain credibility with his investors. When a CEO and founder of a company does not invest his gains in the very business that he is asking investors to do, there is a problem here. It is clear that Molen considers his investors as a group to take advantage of.
vega needs to make a pr statement that going forward they will not post financial statements. What they posted must be accurate or it is fraud! Molen commited fraud since the financial statements posted are not accurate.
Vega stock is not an investment, it is a short-term gamble. Since Molen has never made a reliable press release or published accurate financial statements, Vega stock should be treated as a poker game, not as an investment. No new investor should buy Vega stock unless they simply want to gamble away their money. Vega is not and will never be a biofuels company. Even Tifton, GA is tired of Molen making press releases on a fake biofuel project in their area.
Dear Uptick, I hope that you buy all the vega stock that you want. You cannot protect people from their own stupidity. It appears that the Vega stock has replaced the poker gambling online that Molen first promoted. To get ahead in vega stock games, you need to have an outsider believe that Vega is a company that will create value. This is fraud when the insiders know that no real value will ever be created. This stock should be removed from the OTC market.
The woman who is tracking the Vega scam at Tilfton's Chamber of Commerce made it clear to me that vega is a scam and that no biofuel project exists!
No decent firm makes press releases using somebody's name whether a JV partner etc without written approval by the party and agreement as to what will be released. Molen commited securities fraud using Chew's and ARE Energy's name in press releases.