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We are at 160M shares now....when will it end?
Don't wait for news. Wait for them to actually do something and look at the real cost to the shareholders for their actions. I still think Dufort is selling a bunch of hope to feed his family.
Here is the summary for you Gene from the Yahoo board...
Rarely has so many words been used to say so little. (Can you say "obfuscation"?)
Bottom line:
* 137M shares out at end '07
* Approx. 15M new shares issued since 1/1/08
* $1.1M in payroll (for 3 terminated employees and the three remaining...)
* $1.4M in "professional fees" (for what??? to whom???)
* $2.3M in working cap deficit
* $1.25-2.0M needed by June 30, '08
* Convertible debentures that are actively converting at 50% of the current stock price (looks like another few million shares of that hanging around)
* AND, you, the stockholder, are paying his wife's car lease (and a nice one, judging by the $1,100/mo rate... see note at end for 10K language on this one)
Hey, one could go on and on about this. Unfortunately, I see some new "unsecured" noteholders added to the roster, so not everyone got the warning...
This company is a great source of $$ for those in charge. It has produced $11,000,000 in tax loss carryforwards for everyone else.
Let this thing die.
(From the 10K: "As of January 1, 2007, the Company began leasing a sports utility vehicle from
Castle Hill Management Group. The Company makes monthly payments of $1,138
towards the lease. The Company incurred $5,691 in automobile expense as of
December 31, 2007. Castle Hill Management Group is 100% owned by the wife of our
President and Chief Executive Officer, Sebastien C. DuFort. Castle Hill Advisory
Group is 100% owned by our President and Chief Executive Officer, Sebastien C.
DuFort.")
then ask them who gets those consulting fees. they are always late on their sec filings. how is it obvious they will have revs in the future...revs with profits that is? do they have customers banging down the doors? are you going to buy this stock before they get customers that comeback for more each and every Q? If this is such a high demand thing in Detroit, Dufort would have been able to raise all the money and then some to get this going. He wouldn't have needed investors from Germany or little day traders like us. he only needed 700K to buy the plant and couln't even come up with it...well he did by selling tons of shares, but spent it mostly on prepaid consulting fees.
I just don't drink the kool-aid anymore and I am sure you will sell again once you make your penny flipping profit.
Capacity doesn't mean they will fill it or make profits. The plant had lots of potential before Dufort came along and it just sat there. You keep holding on to the dream. You will make millions I am sure.
this is pretty much same wording for a year about the plant...always their plan, but no execution. they could have been doing this stuff out of their other leased plants. takes lots of money to make money and vygo has no money. it is all tied up in prepaid consulting fees...what other company does that? and salaries. 2M last year went in those categories and where did they get the money?
haha. solid footing? how is this solid? we finally agreed to with the seller to finance the purchase so we can pay them cash we don't have in less than a month. We can't even pay Cathy her 25K she had coming. There are no revs/profits so you and I know that means more shares to sell. Did you see the millions converted? More dilution to come Ronnnie. This is all smoke and mirrors to by time. I really do hope I am wrong, but history says otherwise.
Pump it up...pump it up...
More of the same...dilution...only going higher. Huge professional fees/consulting fees for 07...over 1M. We have almost 300K in pre-paid consulting/professional fees...you know who that is right? And over 1M paid out in salaries. Raise the debt on shareholders and pay themselves first. But hey this is Mr Dufort's company so he can do what he wants. Looks like we will get rolling this summer or 3Q...wow just like 2007 promises all over again...70M to 150M shares in one year. Next year we will be over 200M shares. Just another penny stock selling hope and dreams. Hanging the pot of gold months out to keep the sheep coming back for more. Of course those really in the know are selling and those who think they are in the know because the CEO emails them are hanging on to his every word. This happens everyday in penny land. Sometimes you have to wonder if the head sheep sell long before they tell the little sheep when to sell.
Here are the links to read the connection between VYGO and APPC and Stiefiel and the Detroit facility...if anyone cares.
http://www.primenewswire.com/newsroom/news.html?d=63093
http://www.primenewswire.com/newsroom/news.html?d=84145
http://www.primenewswire.com/newsroom/news.html?d=84896
http://sec.edgar-online.com/2005/11/21/0001144204-05-037204/Section8.asp
http://yahoo.brand.edgar-online.com/EFX_dll/EDGARpro.dll?FetchFilingHTML1?SessionID=XW42CmmKL961Rmr&ID=4898406
Just read them in order...kind of weird how much the first three sound like VYGO.
Where did my post go?
All I said was that Stiefel didn't own Detroit. I was wrong. He did work for APPC - American Petroleum Products Company and they worked out of the Detroit facility before going bankrupt. It sat empty for a year until Voyager came along. APPC and Triton Oil had a partnership...kinds like Voyager and Monarch I guess. Eppert owned the facility after getting it from Saftey Kleen I believe. APPC rented it from him. You can do you own research by searching google - APPC and even VYGO mentions them in their 8K sales agreement.
yes..it is owned, just like i own my house, but have still owe 100% of it to the bank.
happy....
you sold and bought back in lots of times with Ronnie so please don't try to act like you have waited patiently for this day. How can you say that Voyager has done anything significant here? Everyday people open a business with good intensions. You have to look at the history here.
Revs, debt, and share count.
Remember how upset you were about the Diamond company? Did you make all the money you said you were going to make with that one?
Be very careful guys...
Funny how I posted and by that night Mr Dufort had released some "good" news. History with this stock and CEO says, be careful. This is what happened last year when all these new investors, including myself, showed up. Many people who have shown back up posting like crazy were saying how good things were about to happen last year when we were around .06. But go back and read about what we thought was going to happen and what really happened. The convertable was bought out, but still owed to another person, who we find out later was shorting the stock. Therefore, it wasn't someone who believed in this company that bought out the convertable. 10K should show us where the convertable now stands.
Also, people on this board were telling us that they heard this and that from their contact and good things were about to happen, but it never materialized. We hired Richard Stiefel, then he left without even a pr from Mr Dufort. Why did he leave so quickly? Why did Jefferson Stanley leave so quickly?
We had these other plants that we leased and a few months of some revenues that didn't make us squat and then no more mention of revs.
We lost both PR firms...why???? Is our company that bad that they can't PR anything?
I just see a pattern of doing enough to get our hopes up, sell some more private offering cheap shares to raise cash and then nothing. We don't even really own the Detroit plant. We owe 50K a month on the plant. The seller could not find another buyer for years and so he stuck with us since there was no other option - and doesn't that scare you a little? I mean is Mr Dufort, who was in the camera business suddenly that knowledgable about this business that he is the only one who wanted this property.
Also, the Detroit plant was once owned by Richard Stiefel when he did this business years ago. he didn't make much money if any. then he sold it to a company that went bankrupt and then Mr Eppert got it and has been trying to sell it for three years. So now we have a plant that they have apparently spruced up, but perhaps these tanks were already there. This is not a new business model. There is lots and lots of big players in this business.
On top of this you have a CEO and CFO that lowered their option exercise price to around .035 cents. They have millions to exercise and they came out with a 8K stating how they want to be able to sell their excercised options in a private placement. If this is going to the moon why don't they buy some shares...exerise their option now?
And I still want to know about all those consulting fees...fees way over any revs this company has ever had.
Another thing. When you read the future plans in the 10Q's Mr Dufort talks about needing over $2 Million to get things rolling. Where is that going to come from? Why have we gone form 70 Million shares to probably 150 miillion shares and still don't own out right this facility? Where did the 600K go? Why was it placed in consulting fees instead of cash reserves?
I see the company needing lots and lots of cash which means more dilution. The big $$ investors are apparently overseas. Why? If it is a good deal in Detroit, Mr Dufort should be able to convince some bankers. Nope we need overseas money and our money. We are all smarter than everyone else...which is the rub.
I think this will go up on pure hype and hope just like last year, but be ready to get out before others who may very well get out tomorrow after they pumped this baby all weekend.
Then again we all know this is just another penny stock with a story to sell and nice picture to go with it right???? Hope I didn't make anyone mad. I just want everyone to be careful. I hope I am wrong, but wisdom says be very careful. Sell when everyone is saying it is going higher. Don't be greedy or you will be sorry. Same thing happend with Globel Diamonds and Tara Gold....right?
I believe Dufort is gifting his shares to his children so that he can sell them on the open market. However, he may very well be putting that money back into the company, which of course he can pay himself back. I also believe that he and Persin are paying themselves most of the consulting fees that are listed on the financials. Notice how much is listed as consulting fees. So they are paying themselves a salary, when they have the cash available and consulting fees. Notice that they do not mention the names of the companies that get all of those consulting fees.
I believe millions of shares have been sold in private placements since the last 10K and sold on the open market to pay for the light bills, salaries, etc. This must be done when you have no revenues or profits. Detroit will not be listed as an asset since they do not own the facility.
Richard Stiefel left months ago. He was the old guy with all the experience. Of course there was a great PR about him when he came on board, but nothing after he left. I found this out by trying to call him at the company.
Also, Tony Alveta and his PR company Sumitt have left months ago and sold all of their shares and so has Providence Media. Those firms did nothing for us.
Sad that nothing has really been done with all the revenue that was raised through selling shares. I believe that Dufort is keeping the hope and dream alive as long as he can so he can get all the money he can from consulting and salaries. If and I mean IF this company does work out, it will be a miracle and I don't see it having any value for shareholders. I think we shareholders are just a means to raise money for Dufort's family and Persian's family. Any revs that come out of this company, which I doubt, will not trickle down to us in a long term meaningful way. Just to many shares outstanding. I think we will be over 140 million shares (may not show up in 10K since that only shows shares for end of Dec 07), but I suspect by now it is over 140 mm if not 150 mm.
There are just to many other big time players in this market and Dufort obviously doesn't have the $$$ connections he made others believe thus all the shares and lack of quick progress that he promised when he sold all the private placement restricted shares a year ago.
This sounds great, but I have a few questions.
How much is the lease for this fancy device? How big are these top three customers in Detroit? I mean they could be as little as 50K a year for all we know. The fact that info is left out makes me think it is a small number...for now. Also, what documents have to be received by Dec 31? Documents from the seller or buyer or a bank or the EPA? We don't know. Based on the history of this deal (Around 9 months or so) I would guess there will be more delays, but of course I hope not.
Also, was this equipment already in the building from the last two or three guys who did the same business? Why can't we lease the equipment and building to own it later since we don't have enough cash to pay our employees, thus the need to give them shares? Will there be more equipment to lease?
Finally. What will be the true cost to us shareholders if this deal goes down? Will we be approaching 200M shares by then or will we have an extra 2M in debt to add to our 2M in debt?
Getting Detroit is needed, but what kind of pill will we swallow to get it?
Good luck to all of us.
Yeah...I feel stupid. Maybe we will still have one later.
Not as long as you I guess. So how do they get the convertable if they did something illegal to drive the stock down?
Not true. You can't naked short. You can short. These guys will have a hard time getting their convertable unless they already got it before they were caught.
We will see about the SEC. At least they have been caught and if they tried to convert their principle for cheap shares after doing this then I would imagine VYGO doesn't have to honor their conversion notice for that time frame. VYGO has a case for that at least and perhaps have put a stop to the naked shorting...for now.
We went to the .40's last time we were on the naked short list...at least that was the high. If people will hold on the shortie will have to cover over the next 12 days. It is illegal to naked short so he has to buy the shares he hasn't covered back. My guess is that it is at least 7 million shares left. Could be a game of chicken here for a few days, but he will have to cover.
Voyager Petroleum Inc. (OTCBB: VYGO) a development stage company, focuses on the acquisition of middle-market petroleum based lubricant companies that refine, blend, bottle, and distribute private label motor oil and other petroleum-based products to the automotive and manufacturing after market. The company was founded in 2000. It was formerly known as Voyager One, Inc. and changed its name to Voyager Petroleum, Inc. in 2006. Voyager Petroleum, Inc. is based in Hinsdale, Illinois. With 123.73 million shares outstanding and 12,900 shares declared short as of October 2007, there is a failure to deliver in shares of VYGO.
Here is my theory...just a theory...but I think that the day we did 5 million shares was a day that we got shorted big time on the up ticks...doubling stocks.com may have provided the spark..maybe they are in on the shorting since everystock they recommend opens up big and then goes down...short their recommendations at the open and you make money...
the reason I say the 5 million day is because 12.9 is a lot of total volume for us. also, i find it hard to believe that doubling stocks.com has such a big following that they can buy that much everytime they recommend a stock.
anyways. i think the convertable people naked shorted it to try to participate in a convertable arbitrage type thing. make money on the way down and then convert for .01 or so. then make money on the way up. happens all the time. they converted $0 principle in 3Q.
now they have to cover their 12.9 million shares! I am sure they already started covering.
all the free/cheap shares are dried up...hold on...we could go back to .18 or higher!
Again. JMO. I am sure someone smarter than I can chime in.
My guess is they started shorting around .09 and on down. so the short squeeze should start around .06 and up is my guess. Hold on and make them pay which they are required to do within 13 days of being on the list. This might be why we rose so much in early summer.
Someone please correct me if I am wrong.
Voyager Petroleum Inc. (OTCBB: VYGO) a development stage company, focuses on the acquisition of middle-market petroleum based lubricant companies that refine, blend, bottle, and distribute private label motor oil and other petroleum-based products to the automotive and manufacturing after market. The company was founded in 2000. It was formerly known as Voyager One, Inc. and changed its name to Voyager Petroleum, Inc. in 2006. Voyager Petroleum, Inc. is based in Hinsdale, Illinois. With 123.73 million shares outstanding and 12,900 shares declared short as of October 2007, there is a failure to deliver in shares of VYGO.
Doesn't that mean 12,900 or does it mean 12.9M?
Does anyone subscribe to buyin.net. Apperently they can give us the short squeeze trigger point.
This must be why we are going up.
haha. Google is buying us out to save the planet! Around $.65 a share.
Nothing. Just IMO Detroit is going to happen and news is coming. Not saying we are going to $1 mind you, but I do think we are going back over .10.
Yes. Good news is coming about Detroit IMO. Detroit is going to open all kinds of doors.
I agree the PPS is a POS. Hope someone keeps buying the POS ASAP.
lol...good one. i don't see that this is a pos. that is what i meant to say.
I don't see it that way....Great inventory, revs, and receivables. They are getting things ready in Detroit which if you read between the lines, they must be getting stuff hooked up and ready to press the go button. They have activated Monarch as well. No more dilution either. What did you expect from a small company with no cash? They still have a lot to do, but they are way ahead of where they were a year ago for sure. Let's hope they can get pull it all together. This is a long term hold, not a get rich quick stock.
10Q is good. Standard safe harbor stuff, but bottom line is they are making progress in increasing revs, lowering debt and expanding capacity. As usual they need money to make money.
And the Due Care part is added in as well. Yep you don't blow 8K at this point in the process if you aren't going to really use the space.
Happy...i guess you were right. Detroit is a go!!
News...
Voyager Petroleum Announces Extension of Sublease For Detroit Processing
Facility
November 7, 2007
Hinsdale IL--(PRIME NEWSWIRE)- VOYAGER PETROLEUM, INC. (OTCBB:VYGO) (FRANKFURT:
DXD.F) is pleased to announce that on October 30, 2007, it entered into an
agreement extending the existing sublease for the Detroit processing facility
with D.A. Stuart Company, the current Lessee, to the earliest of the date upon
which Voyager or its affiliate closes on its purchase with the current owner,
the termination of the Purchase Agreement for the facility without a closing or
December 31, 2007.
The processing facility is located at 600 S. Deacon St. in Detroit,
Michigan. The Company completed a Phase II environmental site assessment earlier
this year and on May 15, 2007, under contract with Associated Environmental
Services, LLC located in Bloomfield Hills, Michigan, filed a Baseline
Environmental Assessment with the Michigan Department of Environmental Quality.
The Company intends to comply with its due care requirements which include
engineering, monitoring, and operating controls and procedures at the facility.
The facility is 20,000 square feet and is located on 3.5 acres. It encompasses a
processing plant, warehouse space and offices with railroad access and multiple
loading docks. The plant houses 22 outside storage tanks and 32 inside storage
tanks with heating capabilities for total storage capacity of over 700,000
gallons. The Company intends to use the plant for processing, drying, and
bottling reclaimed used oil as well as blending premium oil.
While discussing the facility, Sebastien DuFort, President of
Voyager Petroleum said, "We believe the plant has the capacity to accomplish our
short and mid-term goals of processing used oil to fill all of our existing open
purchase orders for our current customer base. The company is preparing to blend
premium oils to diversify its revenue streams and to satisfy the demand for
premium oils from some of our newer customers as we continue to strive to expand
our product portfolio."
Forward-Looking Statements
This press release contains forward-looking statements, which represent
the Company's expectations or beliefs, including, but not limited to, statements
concerning plans, growth and strategies, which include, without limitation,
statements preceded or followed by or that include the words may, will, expect,
anticipate, intend, could, estimate, or continue or the negative or other
variations thereof or comparable terminology. Any statements contained in this
press release that are not statements of historical fact may be deemed to be
forward-looking statements. These statements by their nature involve substantial
risks and uncertainties, some of which are beyond the Company's control, and
actual results.
Contact:
Investor Relations Inquiries
Prominence Media Corporation
Jelena Popovic
Tel: 1.866.483.7772
E-mail: vygo@prominencemediacorp.com
How do you see the Detroit plan is a go now? This is no different that before with the other 6 amendments. Am I missing something? What is to keep from another amendment in January. What is interesting is that we went the whole month of October almost without the amendment that should have come at the end of September. This makes me think they delayed the amendment because they were close to the deal and didn't think they would need one. I hope they get this thing done this year. Financials will be out by Nov 19, if they put out a delay form. Could be sooner.
I think it is a stretch to say the PPS was forced down. I would say it was forced down by cheap shares. Perhaps management allowed it to be forced down so they could get rid of the shares that would keep it from rising later when good things begin to happen. i don't have a problem with this price for options, if the team will actually purchase the options. heck we gave summit 4.5 million shares for what? and we gave stanley millions of shares for what? at least with options the company get money to invest if the exercise the options. with those other jokers they are laughing all the way to the bank with the shares that cost them nothing.
I hope that we are at the bottom and we can start a climb back up and that the free shares are gone.
Be patient guys...
Lots of free shares came on the market. I think someone is buying them up. Sorry this hasn't been the get rich quick stock you hoped for...i mean we all would like that, but it isn't going to happen. i think we will be just fine come the end of the year, but everyone will do what they want with their money.
Funny how we went to .17 and people thought something was RIGHT and now we are down here and people think something is WRONG, when really there is more right now than there was then.
I am convinced we are paying for the shares of the past..when we were a camera company. unless the company is sitting on their butts and scaming us then we will be ok long term. i think it is just cheap/free shares going for anything they can get, but they are not going to just dump them on the market.
it is painful to watch.
Please go over there this weekend! Unless Mr Dufort is blowing smoke up our xxxxx, then there are some positives here for sure. Two facilities are being used. Detroit is neutral right now since we don't know squat. I can only imagine it is still a work in progress because if the deal was off the table we would have to know that material event. I just hope we get some clear news that turns the momo back around. News may not take us to .20, but it can bring more buyers to the table.
Nothing shady. The only way a sale like that goes through and doesn't impact the stock is for it to be arranged. My guess is someone who had lots of shares from the old days wants the money. I saw this happen with company once and it sucked, but then the stock went higher. We just got to get through these cheap shares. I have no idea how many there are, but it is good to know someone just put down 50K to take them off someone's hand.
someone just stepped right up and bought 1.2 million shares. perhaps that was a big slug of sali's shares. don't know what to think about the selling. is that bearish or is the buying of a big slug bullish?