Hey all, I don't typically post on the board but after yesterday's PR, I reached out to Mr Molen... Below is my email and his response.
Michael, I wanted to reach out to you this morning because I have a concern about the immediate repercussions of your recent PR on the value of your common stock.
I have talked with several people that are now using your product and I've SEEN it used by growers I know personally. Like them, I believe in your product and the company and I also believe this company has the potential to make VERY big impact in the "agricultural community".
Although you've been relatively consistent with your PR releases, the INFO in yesterday's PR left a lot to be desired considering previous promising information of product orders and acquisitions, etc.
I'm not a business owner myself and I definitely don't want to come off rude or seem like I'm implying how you should or shouldn't run your business, but we ALL expected more details of your company's progress yesterday. All this past week, there has been a consistent buzz of anticipation about MORE detailed accounts of progress the company has made. Yesterday's drop in your common stock is a direct reflection of the "wind being taken out of our sails" of the many investors who believed MORE was coming.
I AM invested in your company, I DO believe in your product and all I'm asking is that you consider my concern.
Here is his response:
Paul,
Thank you for your interest in Vega Biofuels.
I understand your frustration, but you need to understand that we don't issue PR's with the intent of pumping our share price. We have an obligation to our shareholders to keep them updated.
The Show was a very good event for our company. We made a lot of great contacts and are in the process of expanding on those relationships. However, its only been a week since the Show and these kinds of relationships take a little more time to come to fruition. We will be making other announcements as soon as we can. In the release yesterday, I just wanted to let everyone know that the Show was successful and it is leading to a lot of business for us.
The most exciting is the acquisition that we are working on. I hope to have news out on this subject the first of next week. It is a very important piece to our overall puzzle.
Our belief is that if we do our job and move the Company forward and implement our Business Plan, the S/P will take care of itself.
We don't plan on remaining a penny/sub penny stock for very long. Our aspiration is to get off the pinks and move up the ladder to a larger exchange as quickly as possible.
I appreciate your support and look forward to providing additional information as it becomes available.
Regards,
MM
AI
