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Looks like Petitti is tied in with FITX as well. She's been caught scamming once before, and now the SEC comes knocking again. Apparently, she didn't learn anything from the first go round.
Pretty much. At the current share price that's almost 1.2 billion shares. I do agree with Sorkin when he says the note holders aren't out to crush the share price, but I think whenever there is news to generate any buying, they will dump which will stop the share price in it's tracks. I think that's what you saw on Thursday. JMO.
I can't wait to see what the current share structure is. I hope peeps have enough sense to run from this scam like it's the plague.
According to Wednesdays filings there were $870K worth of convertible notes to be repaid at a 30% discount. I don't know how much of Thursday and Fridays volume was dilution, but if 50mm shares were converted at .001 that's only 50k. Still 820K to go. Hopefully, they can make some net profit over the next couple of quarters and pay some of these notes off without diluting the shareholders. That remains to be seen.
Annual fins out on OTC Markets if anyone is interested. Still waiting for the day to come when they actually sell something.
Not very encouraging being down 13% ahead of this afternoons earnings report.
Yep. These clowns are always in talks with somebody and that is as far as it ever gets, talk. They never actually do anything.
I really can't wait to see what Molen is going to come up with next. The JV with The NOW corp. is done, if it ever existed to begin with. So, if they are not going to grow hemp, he really doesn't need a torrefaction machine, if he ever ordered one. I truly don't have a good guess at what the next scam is going to be. He's got to dig down deep this time I think.
I sensed a R/S split coming as soon as I saw Gary Blum was brought in. Look at his history and you will find that's the kind of thing he does best.
Yeah, and a real stinky one at that.
Interesting to see that Molen's alleged JV Partner, The NOW Corporation, put out a new business plan on Feb. 25th and there is no mention of Vega or Molen. They did say they will not go forward with purchasing the 650 acres of land from Field of Greens that was going to supply the hemp for Molen's new machine. Looks like back to the drawing board for Molen to come up with a new scam.
I wonder if he still remembers that he is the CEO of this company, if you can still call this a company. An empty shell is probably more like it.
All you have said is true. Molen has done nothing but sell shares for years. There is NO company here.
Not that I can see. Over a year behind in their filings and a CEO that doesn't even acknowledge their existence. Not a good combination IMO.
A lot of shares dumped 2 of the last 3 days. Maybe something is getting ready to happen. I doubt it will be good whatever it is. The new CEO doesn't even acknowledge ILIV's existence on his Linkedin page.
Accountants must still be studying the dividend.
GLTY with your suit against Molen. If it becomes a Class Action suit I'm sure there are a lot of people on this board that would join it, including myself.
So let me get this straight, Molen is going to get a "big" contract even though he has no product to sell, no means to produce a product, and no raw material to produce a product out of if he had the means. LMAO. Molen will say, or do anything to sell shares. That's all he has been doing the past 5 years. He's yet to actually produce anything.
VNDM is showing 10k shares on the Ask right now. I wonder how many shares he really has? He's a nasty one.
I think Fred is the scam artist and Caesar is just following his lead. JMO
Accountants must still be studying the divvy. What a joke.
I'm predicting by mid to late March Molen will put out a PR that he either he has a big contract in hand or a machine ready for production. Either of which will be total BS. JMO
Just a pump. There's nothing here of substance.
It doesn't make much sense to have a "master grower" in charge that doesn't grow anything. As far as I know they are still making the lease payments on the grow facilities that have had for a couple years or more now. I take they are just sitting idle. But who knows what's going on of late, they have been silent for months.
Anybody know if Caesar is still alive?
I think you pretty much have Molen pegged. There is nothing here now. Molen has no torrefaction machine, and I doubt he is ever going to get one. Plus, this NOW company that he supposedly has a JV with to grow hemp, while seemingly having rights to the property to grow on, in 2 years they are yet to grow the first stalk of hemp. Just more Molen BS to sell more shares. JMO
2nd Quarter fins and CC didn't seem to generate much enthusiasm. Too bad. It does look like the company is headed in the right direction. I think next quarter they will show a profit. JMO
Yep. They have only had since August when the dividend was announced to study. I suppose they are to busy now studying the annual report that is due Monday. Somehow, I doubt we see that report on time.
I guess the accountants are still studying the dividend.
I guess Molen has to sell shares to have money to pay the balance due on his shiny, new torrefaction machine. That is, if he ever was going to buy one to begin with. I think it's just more of his typical BS. Like everything else he said he was going to do. Not sure folks are going to fall for his newest scam.
I hope there is something of substance going on with company. The new CEO is still yet to speak, so who knows.
I've been waiting 3 years for them to sell something to somebody. Every quarter it's the same old story. They are in negotiations with every defense contractor known to man and they never sell anything.
I like what they have been doing lately. 2016 is off to a good start.
GLTY. I'm going to wait to see at least some sign of life.
I wonder when the new CEO is going to speak? It's been over a month since he was appointed.
You're right. I need to let it go and look ahead. The new guys do seem to be more on the up and up than VCOR and Gaspard ever were.
It just pisses me off that after all the lying Gaspard did, he lines his pockets and walks away unscathed and the shareholders get screwed as usual.
I noticed no mention of recovering the shares that Gaspard and others walked out the door with. I guess that's not happening.
I can't believe it will have taken 3 years to get the WTE pilot project to a point that they can begin testing it.
Yep, that's about the best we can hope for.