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Proft,
What kind of real DD could you have to show the 10Q is early this week? It would be great if it happened but how could you know it will?
TEST4
TEST3
TEST2
TEST
TEST
Thanks for a normal reply !
One of the few so far. Quick answer is yes. Should financing go through soon enough it will be a positive catalyst, worth sticking around for with free shares. If it fails to go through they are doomed. KCSA push will help if combined with factual good news. Even with new financing they have a long hill to climb to make money.
glty
I assumed you could read the temp. for yourself. The facts are still the same.
Like I said when I first started posting I am up 10x on VHGI and still have 2/3 left at no cost to me. It's been a great investment for me. And I didn't have to shamelessly pump it or use Facebook. Maybe you should stick to FB until you learn what real DD is!!
Pumper
Facebook is now good DD!!
Whats next you read it in a fortune cookie?
What a hoot some of you guys are!!
re:slowdown
You can try to spin it however you want but the facts are right in the just released 10K
re:Skelly & Loy valuation
MoneyStocker,
I never claimed to be an expert but even a rank amateur like me
can look at those assumed production levels and see how wildly optimistic they are. They assume 120833ton/month in 2013. we are now half way through 2013 and don't even have confirmation on a paltry 20k yet. Since you are the expert how in the world do you think they are going to get up to 120k/m in such a short period of time? Just trying to keep my feet on the ground instead of my head in the clouds!
Share price/reserves
No where in my post did I say I divided reserves by o/s or that you should. But a few on this board seem to think you can with VHGI.
In fact your post just proved you can't value a coal producer that way. My point was that the market values those coal producers at far less than that. They each have roughly 200m shares outstanding (vs. 100+ for VHGI)and Billions in sales and coal reserves yet some of them are only trading at $5-7.
Their cost per ton to produce is lower, open pit/side wall(cheaper) vs. room and pillar(more expensive).
Well established/high volume(them/cheaper) vs. new startup(us/more expensive)
VHGI could spike soon, but it won't be because of fundamentals or profits.
Show me how it"s off.
It says right on the VHGI web site 24 Million tons in ground.
Do the math.
That equals 0.024 Billion, right?
Thanks for the reply
re:valuation
Peabody energy:
10 Billion tons in ground
2012 sales 248 million tons
today's share price $18.43
52 wk low $18.22
ARCH COAL:
3 Billion tons in ground
2012 sales 140 million tons
today's share price $4.77
52 wk low $4.47
ALPHA NAT. RES.:
4.6 Billion tons in ground
2012 sales 120 million tons
today's share price $6.37
52 wk low $5.28
VHGI:
0.024 Billion tons in ground
2012 sales 0.02 million tons
today's share price $0.05
52 wk low $0.003
Why pump VHGI going into the multi dollar range when we aren't
even a pimple on the butt of some of the big boys in coal.
Seems like a fair market price is far below a buck.
Straight from Dec2012 10K
Notes Payable
The following is a summary of amounts due to unrelated parties, including terms of the debt, and the interest accrued as of September 30, 2012:
Note Payable
Terms of Agreement
Debt In Default
September 30, 2012
December 31, 2011
8% Notes, Convertible at 45% discount
(t)
-
$ -
$ 70,000
12% Notes, Convertible
(a)
Yes
200,000
200,000
July 1, Notes
(u)
-
-
175,000
July 2011, Senior Notes
(b)
Yes
150,000
231,250
8% Notes, Convertible at 50% discount
(c)
Yes
108,400
140,000
2011 4th Quarter Senior Notes
(d)
Yes
417,200
1,258,700
November Notes
(e)
Yes
108,000
108,000
December 15, Notes
(v)
-
-
100,000
December 30, Note
(w)
-
-
550,000
January 11, 2012 Senior Promissory Note
(g)
Yes
250,000
-
$500,000 Senior Promissory Note
(h)
Yes
200,000
-
12
January 15, 2012 Senior Promissory Note
(i)
Yes
0
-
January 30, 2012 Promissory Note
(j)
Yes
250,000
-
Platinum Partners Note
(k)
Yes
13,000,000
-
Lily Notes Payable
(l)
-
486,098
-
March 28, 2012 Promissory Note
(m)
-
110,000
-
5 Promissory Notes
(n)
-
805,000
-
April 5, 2012 Promissory Note
(o)
Yes
300,000
-
April, May 2012 Promissory Notes
(p)
Yes
250,000
-
May 4, 2012 Convertible Promissory Note
(q)
-
100,000
-
May 23, 2012 Promissory Note
(r)
Yes
53,000
-
June 26, 2012 Promissory Note
(s)
Yes
900,000
-
July-August 2012 Promissory Notes
(x)
-
750,000
-
$1,275,000 September 20, 2012 Promissory Note
(y)
-
775,000
-
July 19, 2012 Promissory Notes
(z)
Yes
500,000
-
August 8, 2012 Promissory Notes
(aa)
Yes
500,000
-
July 27, 2012,Promissory Note
(bb)
Yes
50,000
-
As of September 30, 2012
As of December 31, 2011
Total Notes Payable
$
20,262,698
$
2,832,950
Less Long-Term Notes Payable
(486,098
)
-
Total Short Term Notes Payable
19,776,600
2,832,950
Less Short-Term Debt Discount
(55,902
)
(439,483
)
Net Short-Term Notes Payable
$
19,720,698
$
2,393,467
more info
vlftraders,
As I said in my post, I still have 2/3 of my stock bought for less than a penny. As I also said, I like the current outlook for VHGI. It looks better now than ever. Just trying to inject a little more realistic fact based outlook. The facts are in the filings for all to see. The reality is we are currently in default on almost $50 million of debt between related and non-related parties. We have given away over $6.00/ton in royalties, reducing the income from $61/ton to $55. At 20k tons/month that means $1.1 million in revenue not profit. Opening up Phase 2/3 should help but that comes with higher expenses as well. Just keeping the revenues from IPL coming will be a huge benefit, with new ones hopefully following. Up to now the only resource VHGI had to cover debt was giving away stock and royalties.
Again, I think thing are looking positive for us.
MB's notion of Risingers 1.3B shares being a "poison pill" to prevent a hostile takeover is laughable. This is a penny stock not Ford or IBM. If VHGI ever gets near a buck I guarantee he will sell some of his shares, and why shouldn't he?
GLTA
Hello fellow VHGI folks,
First time poster long,long time lurker. I keep seeing the subject of dilution and authorized shares come up and nobody seems willing to say what is very clear in the 3 most recent filings. Regardless of how many shares are currently authorized (250M) ,Risinger personally owns more than 1.3 Billion (yes Billion)shares. More than 90% of this company belongs to him. That being the case the number of A/S could be increased anytime he wants. I fully expect that to happen at some point, why else would he take warrants for all those shares if he never intended to use them? To be sure he has made a huge personal risk/investment in this Landree project.
I bought into this back when it was ETCR. At that time I figured it was nothing more than a crap shoot at best and probably should have just flushed it down the toilet! I only added more (@0.006) after the Landree project started to come together early this year. I am glad I did. I have sold enough to make 10X on my investment and still have 2/3 left for when this comes together, shortly I think.
I really like the outlook for VHGI but want to honest about the potential for dilution. Hey I plan on selling mine too at some point
GLTA