InvestorsHub Logo
Followers 0
Posts 77
Boards Moderated 0
Alias Born 08/05/2015

Re: Louislasvegas post# 11420

Wednesday, 10/28/2015 1:35:53 PM

Wednesday, October 28, 2015 1:35:53 PM

Post# of 15541
Louis I would bet that Var-Gas is not receiving anything and doesn't own anything.

On July 6 of this year Omega acquired a "MINORITY INTEREST" in Branca Ribeiro Representacoes Ltd. BRR is a forest land and timber holding company that is among the largest privately held forest land-banks and timber/wood producers in all of Brazil with 345,453 acres of land valued at $393-million and a 2014 year-ending profit margin of 20% from EBITDA of $23-million.

Under the agreement OMEGA and BRR executed a share exchange transaction in which OMEGA owns 20% of BRR giving OMEGA a consolidated minority ownership value of $78,600,000.

In over 3 months we have heard nothing about this.Funny, how does a company with a market cap of $140k have the nerve to say they did anything like this.

This is a company that issued a press release announcing they built a new web site.

Var-Gas can you explain the silence?

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.