Here is the link to Molen's news release. http://www.4-traders.com/news/Vega-Biofuels-Provides-Update-to-Shareholders--22939101/
Nothing new here just Molen repackaging old lies. You know the standards:
1) sample has been submitted.
2) sample has been tested ( although the only proof is Molen's word, which is worthless) Molen needs to post a copy of the result or no one should believe him. Why would you, he has lied so many times, asking to see the report is not a big thing, only if it didn't happen and it is a lie would it be a big thing to Molen.
3)The rfp is for 8,000 tons. And sample is as good as "powder river" coal; Except that this coal sells for about $25 a ton now and even if a bio credit is added (about $40ton). Molens bid is for $185 ton… good luck with that.
BUT the Biggest thing is. Molen is just the sales agent (20%) he has no plant, no means of production. So, even if they get the bid and deliver, it will not even cover Molen general expenses for 10 months.
This is just a letter for the soon to come , sponsored by a pump-house, to bring in suckers. This is just Molen squeezing the last out of this scam. NO WAY any power company would buy from Molen, he has nothing to sell, and has a track record of not delivering anything ever… Just because they asked him to bid means nothing. Molen will not pass even the first tests of DD that the power company would do.