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Jcato, IBM has certified and audited financial statements with hundreds of good analysts following the company. You cannot compared IBM to a lousy firm like Vega. vega is just built on hot air press releases with nothing behind them
In response to you jcato, if you buy shares sold by one of Molen's proxies, you are putting money in Molen's hands. If Molen can issue 50 billion shares, where do you think the money goes when shares are sold. Keeping buying Vega, perhaps there will be value!
Vega is a ponzi scheme when you issue fasle press releases and then insiders like Molen sell shares through a proxi to get rich by counting on new investors like Old Broken As looking to flip the stock. This is a ponzi scheme and Molen used Chew's name in press releases without his approval to fraud invetsors.
If you think vega has value, buy the shares of the invetsors who want out. Waste your money on a useless stock. At least give your money to theinvetsors who invested instead of Molen issuing new shares under fake consulting firms.
VEGA Stock still worth absolute zero even with the declared reduction in the number of shares floating. 4 billion shares of no intrinsic value is the same value as 2 billion sares of no value. VEGA has no value and the stock is nothing but hot air. Perhaps Molen will develop his blimp idea for the internet and change Vega back over to Sanswire.
Dear Bigshot, I wasn't stupid enough to buy or accept Molen's offer of Vega shares so that I could pocket the money when Molen pumped. My only agenda is to see Vega shut down and Vega stock removed from the OTC.
Do not buy Vega Stock. You are just putting money into Molen's pockets who call his investors stupid. This company has absolutely no value.
I discovered Molen was using my name in PR statements to commit fraud, particularly when I saw that the PR STATEMENTS WAS PATENTLY WRONG AND MISLEADING. MOLEN HAS ABSOLUTELY NO PROJECTS OR BUSINESS. HIS BUSINESS IS TO PUMP AND DUMP SHARES.
As usual Molen lied to you. Why would I meet with Molen if there is litigation and Molen refused to provide any documents by email to Brazil Ops. Molen could not provide one item to prove that Tifton is real. Even the tifton chamber of commerce declared Vega a fraud.
Why would there be an upswing? You are betting that investors who do not know the company will buy stock. You might be disappointed with the results. You are free to risk and possibly loose your money. I am watching for any press release from Molen and they need to be factual.
Why would anybody buy this stock? No assets, no cash flow no management team, nothing! Why would anybody throw good money after bad at this company? The stock has absolutely no intrinsic value.
Why doesn't Molen setup a meeting to answer investors questions? A CEO that is scared to meet with investors is not a good sign. Molen could take the opportunity to defend himself and try to convince investors that Vega has a real and viable energy project. Molen could answer the questions and produce documents or real JV partners that are viable and solve the fighting. However, since every project that Molen has been involved in appears to be a SCAM, Molen will not meet with a group of investors like any serious CEO would do and answer their questions about the deplorable performance of Vega and his plans for the future. using canned press releases and preplanned interviews is not a very transparent way to get real information out to the investor. Molen should rent a conference room at the Hyatt in downtown Atlanta and schedule a meeting for all invetsors who want to come and ask questions.
Molen has made no effort to inform the investors on the status of Vega! Molen has made no effort to in provide the investors with any plans to create value for the company. The Tifton project does not exist in addition to all the other deals Molen announced over the past 12-months.
Dear Uptick, There are no hidden agendas. Most people do not want new investors to buy Vega stock since the company is a complete scam. Alerting the public to this fraud is a way of informing the marketplace that the firm's management is frauding the investors in a consistent manner. This is just a pump and dump stock that has nothing to do with biofuels. For BrasilOps, I just want Molen out of business for good, preferable with the SEC taking action to punish Molen.
Molen has the feduciary responsibilty under civl law to post accurate information when the information is used to sell or buy a publicly traded firm
TIFTON COUNTY CHAMBER OF COMMERCE Comfirms fraud! I just called Tifton's chamber of commerce at 229-382-6200 and they confirmed that the project promoted by Molen is not real and they view it as a faudulent operation!
SEC needs to stop the trading of the VGPR Stock. We can only hope that the SEC is now evaluating vega Biofuels for closure. Molen should offer to buy the investors out of their stock.
Do Not Buy VEga Stock!. It is clear to everybody that VEGA is a conplete SCAM. Molen needs to repay the investors and come clean on what he did with the investor's money.
Only investors who lost money can take Molen to court. I have suffered no loss other than a small consulting contract was not honored which is not worth paying a lawyer for. Investors who were scammed can sue for fraud if they want to.
Corporate Governance for Vega? Go to vega's website with the waving grass at www.vegabiofuels.com and look at the Corporate Governance page. It is clear that Molen is not following his corporate governance policies. This is grounds for removal of the Chairman. Perhaps one can found out who owns the largest blocks of stock so that the investors can remove Molen as Chairman and conduct a complete financial audit.
When will the Bid reach $.0001?
Molen's 12-17-09 Audio Interview: If you listen to this interview, you will hear the fraud that is being promoted and the lack of knowledge Molen has in the sector. Molen states that vega is in the middle of the sales channel, implying that he has product to market. This isn't true. Molen states that Vega is building biomass plants. This ain't true. Perhaps vega is developing projects which is no guarantee of revenues. Molen promotes Mike Knauff as an experienced CEO ready to lead the company. This ain't true. Molen mentions Mr. Chew without his approval. Molen states that he has an experienced management team with many seasoned executives waiting to join the company. This ain't true. Molen staes that ground will be broken by the end of the first quarter of 2010 for the biomass plant in Tifton, GA. How can he state this if there are no environmental permits or any attempt to file a permit assuming that he has a real site in Tifton. Molen states regarding the Green Valley project that a pilot project wa operating successfully for 3 years. This is not true. The previous project financed by Caterpillar went bankrupt due to lack of a stable gas flow. Molen mentions that he applied for a grant at GA to finance the project at Tifton. Where is the application? Applying for a grant is public information. Molen mentions that he signed a JV with a Brazilian group. Not true. Molen also states that Brazil uses corn to make ethanol. Not true. Brazil uses sugarcane. Finally, where is the deal for 10 manufacturing plants in China that Molen touts in the interview. This is proof of a SCAM.
Who are the Board members for Vega? Who are the current board members of Vega and who are the 4 biggest shareholders of Vega. Does anybody know since I cannot find the information anywhere.
Dear VegaOriginal, I am not bashing Molen. Molen is just taking advantage of investors who believe in a fad but do not research their investments. It is buyer beware. I am just stating facts about a company that doesn't meet any criteria to be a serious company. Hence, do not invest in Vega stock. Money is being transfered to people who have absolutely no intention to build a viable operational company with assets, employees and cash flow. According to a fellow investor, for the court order to be valid, Mr. Chew needs to be divulging confidential information which he is not doing. Mr. Chew is using his common sense and work experience to come to a conclusion that VEGA IS A COMPLETE SCAM. Other than posting Molen's and his lawyers cell number so that invetsors can contact Molen, no confidential information has ever been divulged. Using Molen's press releases and articles on the internet, it is easy to come to the right conclusions. Molen did press releases using Mr. Chew's name with his approval. That is, Molen used Mr. Chew's name to PUMP THE STOCK by giving his company some undue credibility. This is unethical.
Dear Uptick, If financial statements are posted publicly that are intentional wrong, misleading and not transparent, this is fraud in the inducement since an investor can reasonably expect accurate fiancial statements.
I have every right to post and to expose a lousy company. If you want to buy this stock, you must have money to burn. Molen needs to be professional and execute a defined business plan that creates value for shareholders. I see no value being created and regarding Mr. Chew he is not too worried about the court order since due process stills needs to be carried out . Vega needs to post what they are spending to attack Mr. Chew. After all, it is investors money that could go to dividend payments. I guess there will never be dividends because Vega is a development stage company.
Dear Gatsby, If I know that a company is a complete fraud and is still in business trying to dump stock on investors, I have a problem with that. I must alert the market that this company has no reputation in the biofuels space, no assets, no management and no prospects of revenues. Only the marketplace and the SEC can put this company out of business. The marketplace with the drop in stock price and the inability of the company to attract talent has done its job in stopping the fraud. Now, only the SEC can guarantee that Vega does not come back as a reborn company in another line of business issuing promising press releases. Perhaps Vega with Molen might come back as an algae oil company, wind power company or even a rare earth mineral company promoting a new mine in Tifton, GA since the biocoal business flopped.
Dear Uptick, Google publishes financial statements and annual reports which tend to high light where the company is going and what was accomplished. MOLEN has accomplished nothing other than transfer wealth from investors to holders of stock that were never paid for. This is fraud.
No signs of an update for investors. Asked by emaail Molen to provide an update allowing investors to ask questions. It is not a good sign when a CEO refuses to engage investors and answer their tough questions. Usually, CEOs that hide from investors are hiding fraud or a financial collapse of the firm
Why would anybody buy Vega stock today? There are absolutely no assets and no viable projects announced by Vega. All the projects have turned out to be nothing more than hot air. Every press release done by Molen from Novemebr 2009 up to now has been bogus. I hope that no new investors buy this stock since you are basically throwing away money. This is a ponzi scheme.
Who is ETMM?
Brazilops is not in violation of any court order. A friend of mine told me that as long as no confidential information is used from Molen, Brazil Ops is not in violation of any court order. brazilops is free to dig into the company and post the facts so that invetsors do not invets in and loose their money. If you invets, the track record shows that no value is created.
You sound like Molen. If you are leasing a facility which will require an environmental permit and a major capital investment, the local Chamber of Commerce would know about it since getting an environmental permit is an open and public process. How can Vega take bids on building a plant if there are no environmental permits in place. Vega needs to hire an engineering firm to do the energy balances and environmental modeling to submit the paperwork. This would cost around $300,000. It hasn't shown up yet in Vega's financials which are bogus.
Emailed Molen regarding the news given about Tifton. He emailed me back with a number of insults refusing to prove that the project in GA is real. When a CEO does not give concise and credible answers to basic questions from investors, this is a sign to run for the hills since it implies that the CEO couldn't care one bit about the investors. Why hasn't Tifton's Chamber of Commerce released a press release welcoming Vega's biomass plan? It is clear that Tifton's business elite considers the Vega project to be a Scam.
What did the people in Tifton say about the proposed biomass plant being promoted by Vega?
No information that has been posted by me regarding the exposure of Vega's gross mismanagement and distrotion of press releases for dubious gains was used by me to educate the investors. Anybody with energy project development experience would see that the PR releases by Vega were false and misleading. There is absolutely no proof that Vega/Molen is serious. It appears that the GA biomass plant is dead since there has been no verification that the project exists. The press releases on the GA project are not supported by the company's financials. The faster that the stock goes to absolute zero with no buyers, the faster Molen will need to change is business model to attract investors and real employees to do real work.
Molen in an email to Mr Chew has stated that there is a restraining order that prohibits him from informing the public on the true state of Vega on this site. Mr. Chew has not been served by any court documents and cannot take at face value anything that Molen says. I suggest that Vega provides some proof that there is a legitimate court order against Mr. Chew and that such a court order is in the benefit of the investors.
When will the stock price reach absolute zero? I am not aware of any contract issues between Mr. Chew and Vega. Mr Chew just cancelled the contract when Mr. Molen used his name in misleading press releases without his written authorization. Mr. Chew did not want to be part of a fraud. Luckily, Mr. Chew turned down Molen's offer of Vega stock.
I have already provided the proof on the fraud. If you make false and misleading press releases to manipulate the sock price and volume, this is fraud in the inducement. This is a form of stealing where the investor is giving the company the benefit of the doubt on public information. This is a serious crime and the SEC needs to take action.
Yes, you should had never invested in this stock. Companies that are not transparent in their financials and press releases with no information on the firm's management team is a clear red flag that something is not right. This company should not be traded. It wouldn't even pass for a private placement