just4bucks
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This is the tightest trading range we’ve had in a while. For some reason, MM’s want this between .30-.31. JMHO
On the contrary, I can attest to your defense of this company on many occasions, and even earlier today on another board. ;) We all have a bad moment every now and again. Keep up the good work. More frequent company updates would certainly help.
That's excellent DD and great news. Thanks for sharing that info with the board, and that my friend earns you a mark as well. We need to share DD as it solidifies the validity of the company, especially with new investors, unless you are still collecting shares on the cheap. Great work and GLTY.
Hardwood it’s the same old story, they must have a thing with the other V. Meanwhile, this has become a good flip play for the past two days. Take advantage of the volume days here. JMHO Don’t get too attached, play the money.
3@.01
We might open at .01
ask .009 on L2
This PR, in my view, is a wakeup call to those who constantly bash about this company being a fake. If, and when, this first phase of the Green Valley project is completed we will have actual earnings. Let’s keep our fingers crossed that all goes according to plans, and phase II goes on line shortly thereafter, followed by updates on all the other projects. Then, 2010 could very well be an awesome year for VGPR.
Since yesterday we’ve tried three times to break .31 and failed. Now, .30 is becoming a new resistance point although weaker. Just my observations, but we will need more buying pressure to break through these new barriers and perhaps we will get the new push by the end of the week. There’s just too much upside potential for people not to take advantage of these prices prior to next weeks events.
NEWS>>>>>>>>>>>>>>>>>>>
LONDON--(Marketwire - 01/05/10) - VEGA PROMOTIONAL SYSTEMS, INC. (Pinksheets:VGPR - News) today announced the Company's Green Valley Project will restart the production of power.
The Company recently hosted a meeting at the Western Indiana production facility that included Officers and Engineers from the Company and various equipment and service vendors. Subsequent to the meeting, the Company has ordered a gas flow analysis that will be conducted on the existing wells to determine if it is necessary to drill additional wells. The Company's plan is to stage the installation of the new generator sets and plans to restart the power production facility by installing the first generator and utilizing the methane from the existing well as stage one.
Stage two will include drilling at least one additional well and running a new supply line from the Green Valley Mine to a planned second generator to be installed at the production facility. The Company's plan is to have the first generator in place within the next few weeks.
"It was great to have everyone at the facility," stated Vega Chairman, Michael K. Molen. "We are looking forward to installing the new generators and restarting the Green Valley Project. It is a very exciting and complex power project. We have a few photographs from the facility and will have them posted on our web site within the next few days. We'll also have an announcement about the generator installation in the coming days."
Located in western Indiana, The Green Valley Project is a multifaceted green energy power production facility that converts inexpensive methane gas from the abandoned Green Valley Mine into electricity and thermal energy.
The methane has been tested and a demonstration project was in operation for approximately three years, proving the viability of utilizing coal bed methane from the Mine as a sole source fuel to generate electricity from natural gas reciprocating engine generator sets.
The Company will release additional details on The Green Valley Project as the project moves forward.
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.
DATASOURCE: Vega Promotional Systems, Inc.
Been in this stock, and following this board for about a week and this was probably the best post I've read. Well, with the exception of the snuggie. LOL, This company is about to make some serious $$$$$.
Should be getting an update on the status of the Green Valley project.
I support my statement by the quantity of funds invested in this security;now why are you here again? Can you provide solid proof of your claim that this is a pretend company? I'm not here to pump and you should not be making accusations without proof.
I prefer to risk it here, rather than on some of these pretend med companies. ;)
chainweight, you know this board has hit rock bottom when people are asking dick for advice on VGPR. I'm still in this stock, but now I only monitor this board for a good laugh. I guess the mods are out to lunch.
IMO, when you and others were all able to sell at the ask it proves that there is demand for the underliyng security. Let's see what kind of news comes out next week, and the response it receives from investors.
On any stock when the price is down they come out like roaches spreading fear and uncertainty. Once the price reaches their entry level they are your best friend, while trying to convince to hold or buy at higher levels so they can sale and do it all over again.
From reading this board sounds like 4-5MM were sold Friday by people frustrated with the pps. The good news is, that the majority of those shares were bought by new investors and large block holders are decreasing in numbers. We are still at support range and with some more good news we should begin moving back toward .02's. JMHO People have many reasons for selling, but they are not justified trying to talk down the price.
Around 12:45 today right before I left my house I noticed SALI signed on and jump directly on top of the ASK. I was following the action on my phone and it was brutal. I could not see the MM lineup but I suspect SALI was still right up there selling away.
They have sold too many shares to be PSC IMO. We all should reallize that the company has to have capital. Can't type anymore on the phone. Still holding, watching, and maybe add a few more.
JJ, ROLMAO, you can choke a monkey and not be so inhumane.
You said it Clak. I’ll take steady daily gains like we had back in October. That, my friend, gets everybody’s attention.
cddilo, this one will move better on its own merits. There is still great potential here and not just a day trade play. IMHO award for the grant funds from the state of Georgia will do wonders for the pps, because in some peoples view this solidifies the validity of this company. Aside from the grant funds, we should have an update on the Green Valley project in the near future, which will create a much needed, steady stream of revenue. All the news so far have been projecting revenues for sometime in 2010.
With the current projects in the pipeline, once completed and our share structure remains unchanged, our pps should be well over $1.00 IMO. Then consider additional expansion in South America, possibly US and Asia, well you get the idea. However this is still in the early stages and if all pans out then who ever stayed in the game will be rewarded.
Remember, we are dealing with pink sheets with a very high risk factor which most people aren’t willing to accept.
All the above is JMHO, and people should not be risking what they can’t afford to lose. Keep an eye on Pink Sheets as we are now experiencing some short positions.
As of today, per Pink Sheets we have 18,747 shares short. An insignificant amount by current trading volume but something to watch. This is the largest short position documented since June. Today's trading action was dissapointing and hopefully any impatient investors exited today. PSC could have sold some today as well. IMHO better days are still ahead. We closed above support level and maybe go bullish in the coming days.
power hour might be exciting today. ;)
Got home earlier expecting to see news about the Georgia deal, or something about the Green Valley project, and then BAMMMM wha??? That was out of left field. Never thought I would be adding more at any level, but this news is too good to pass up.
I just sold all my shares ..................
in another position to add more here. :)
It appears to me that there were some new hints regarding future progress of the company as well. Not sure if they were mentioned in prior PR's:
1)Funding for these projects will come from various sources. For instance, we are planning on utilizing private funding for the Georgia plant. However, we are optimistic that the Georgia plant will be funded by the grant from the State of Georgia
2) We recently announced plans to build a manufacturing plant in the State of Georgia to produce biomass products and bio-diesel products for power generation units. The plant will be located in Tifton, Georgia. We are working with two different equipment manufacturers for the facility and hope to have an order placed before the end of the year.
Correct lots of red all over the board, including the big boys. We need to hold this support level above .018. Let’s see what these couple of days have in stored for us.
Hey T, these mm’s playing some serious games today, aside from a few sellers as well. I don’t like to whitewash situations but IMHO there’s got to be more to this story than what we are seeing right now. The fat lady has not entered the stage yet.
Same here, just waiting for the pop. If what we are told by PSC and VGPR comes to fruition, then we will be in good shape. JMHO
The one's working morning should be leaving work now, so lets see if we get something later on today.
This is the first time I recall seeing SALI sitting on the BID side.
GM Vianna, every day is a green day with VGPR :)
However, we all share your enthusiasm today.
It's a too early for the real mm lineup. It will be adjusted accordingly as 9:30 approaches.
A gap-n-run will be nice but a steady climb will be even better. I hope you don't flip yourself out of a big run.
GM VGPR friends, hoping a good day today will set the stage for a great week.
It appears that SALI is done. :)
That's okay, flippers are getting left behind today. ;)
That's what I'm talking about, pocket change.
Smart for pocket change.
You have mm's jumping on the bid, while sitting @.04's and .08's on the ask.