Risinger has been to Dubai twice over the last several months.

If is does drop it's a great investment for peeps. I don't post a lot but keep up with the board.

I have seen a lot of banter about is the mine open? Are they producing, etc. etc. You guys need to realize there are 4 other mines near them and if they let their workers go they would have a difficult time getting them back. Their is simply too much competition for the trade.

As for the loan gdubya has been spot on. All the paperwork has been completed on VHGI's side. What I have not seen mentioned is the amount of new US Govt regulations put in place over the last several months for foreign investors. To the best of my knowledge the loan is between the banks talking for 1 hour a day making sure all the T's and I's are crossed and dotted and the US Govt red tape is satisfied. Due to this speculation the timing is just a wild guess.
Still very confident it comes through and when it does it party time.

That pic is very old, for example it does not show the ability to load rail cars, look at the last video from their website. It shows them loading rail cars.

Looks like something is getting ready to happen with petrozene.com. The nameservers were changed on July 11th and 2 pages were modified (not completed).

Maybe we are going to get an update in the not to distant future.

Email response from Frates, my email was sent on the 24th and replied to this morning. Wish I would have checked email before this board. :)

Good morning Stedman,

This email was flagged by my spam filter. Sorry.


The facility is fully operational. We are in the process of setting up accounts with various customers.

Regards,

Frates Seeligson

Ex post facto laws are expressly forbidden by the United States Constitution in Article 1, Section 9, Clause 3.

"No Bill of Attainder or ex post facto Law shall be passed."

Maybe you are thinking of something else.

Truly believe this was not a case of not being able to satisfy the loan but in fact offered a better deal.

This loan does not seem to be from the same company in the original press release. This looks to be a much better deal for VHGI. 1.25% per annum interest in the new loan vs. 4.25 in the original offer and only 10.5 million letter of credit vs. 13 million in the original offer.

Correction, Phase III is directly under Phase 2. Sorry for the confusion.

We can speculate on everything.:) Vhgi knows the Fins are #1 priority, without them being current KCSA is in limbo. The great thing about firms like KCSA is they have investors interested in at price points of $.25, $.50, $.75 and so on. The loan is IMHO logical step #2.

As for Phase 2, while they will start in Q3 the permits will take a while. Normally a new mine will take 18 months to 3 years to get all the permits. Fortunately Phase 2 is directly under the current seam. When I talked with JB a while back speculation was the permits would only take 6 months since Phase 2 is on their current property.

before

In the last few minutes

A sign of when the filings will be done will correspond to an updated section on the website under the investor's section. Currently the way it is presented is not in accordance with the SEC. My guess is the website will be updated just before the 10's are filed.

MJ - went back to the free version of ihub, I dont have private message capability anymore.

Total speculation on my part.

Seems to me when they put out the PR about the $65 million financing dependent upon securing a line of credit it caught the attention of other lenders. It wouldn't surprise me if they were offered better deals. Not sure if that would be a cause for delays or not.

Like I said total speculation.

Absolutely there has been dilution of the shares. NOT by Risinger but by one maybe two of three of the debenture holders. The first debenture holder is the one who is responsible for taking the PPS down to under .01 - he is now gone.
For those that got super cheap share you can thank him.

IMHO opinion it looks like the last two weeks we had another debenture guy converting some shares. How many shares total outstanding? My guess is around 180 million. The 10Q will give us a much more accurate picture. Regardless the PPS has weathered the storm and in the next few months it will still rocket to the $.50- $.70 range.

There is a slight chance the 10K comes out today. If not, very, very high probability it will be Tuesday according to my sources.

Have a great long weekend.

The last video shows them loading a train. You can see the train move. It was uploaded on May 16th. I am pretty confident the video was produced this month. Wish they would have put out a PR on it.

2 - 100 car trains

Interesting though a dated article.

I like seeing Peabody's average operating profit per ton being $5.99. VHGI has a cost of around $33.50 per ton next year. You can do the math with seams IV and III selling at $61 and $45.

http://www.bloomberg.com/news/2010-10-12/new-king-coal.html

How much per ton depends on the quality of the coal. For example seam IV is $61 a ton while the bigger seam III is $45 a ton. They pay royalties on the leases. I have no idea on the grade of coal the new area is. It could be a combination. Seam III is below seam IV so the cost to extract is lower since they already have most of the permits.

Really looking forward to seeing the 10Q. While the 10K is important and gets them up to date it will only show a loss for 2012. I am looking forward to the 10Q, hopefully it will show how many shares were diluted in March due to the unfriendly debenture holder. Looks like the other debenture holder was converting today.

Did anyone notice the last video? "Coal load out area" it looks to be a rail car being loaded on May 16th. Wish they would have PR'd it.

Sted

There's a lot more behind an 80 page 10K than two appraisals. Then multiply it by 4 since VHGI Holdings has 4 subs.

When I talked with Bender 2 weeks ago he mentioned they had 6 accountants working on the 10K, he followed up by saying to the best of his knowledge the 10Q would be about 10 days behind the 10K.

IMHO I would rather a accurate 10K with an outside accounting firm who will be able to file in a timely basis going forward than put out something that would need to be amended.

They should gather together 6-7 bankers in one room and project the valuation spreadsheet on the screen. Simply say - we need 65 million, best offer wins...

They had to do a gas pressure test, my house failed. The plumbers spent 2 days under my pier and beam house looking for the leaks. They did fix it, but found out several months later they crushed some A/C duct.

Let's not talk about the A/c idiots and what they want to charge.

I really don't like penny stocks, luckily VHGI won't be one for long.

A couple of years ago I put in a tankless water heater. In my city everything had to be brought up to code. I should be a plumber. SOB made so much coin.

I bet the coal industry is worse.

Really don't think the 10K and 10Q will come out at the same time, probably around 7 to 10 days lag for the 10Q.

I can imagine these guys are as frustrated as we are. They buy a shell, the accounting from the old regime is crap and they have to produce a 10K for 4 companies in an industry that is extremely regulated.

It's kind of like getting a water heater for your house and having to bring everything up to code because you filed a permit. The water heater costs a few hundred dollars and bringing all the gas, electrical, and plumbing up to code costs who knows how much. Then you have to justify and satisfy all governing bodies about it. IMHO

Based on the two press releases in April regarding their two 50-car shipments they are averaging 97 tons per car.

MJ the password was put on that site last Friday night, if only you had found it Friday afternoon.

The new content would have been up last night but the entity that did the old site is not being cooperative about releasing access. She apparently has other sites that could be accessed with the same login info.

Bender should have everything worked out by end of day.

You guys won't be disappointed. Phase III will knock your socks off.

VHGI is a time bomb waiting to go off. Once investors realize the revenue Phase III brings, the PPS should explode into Dollar land.

The Landree Mine, located in Green County Indiana, is fully permitted and controls a total of 24 million in-place tons of coal, with projected production of approximately 20,000 tons per month

You are missing three 0's

Shouldn't have to wait long for news, it is expected out on Monday