Zen...VOIG..possible sign of something coming.....
"VOIG is up 133% today. Potse, have you reviewed the updated fillings to see what all the excitement is about? I'll have to read it tonight....something in there seams to be causing quite the stir today."
I read through the POS AM filing a day or two after it came out on October 28, and there were about 3 things that I found kind of interesting, and perhaps one thing that could be some type of signal/precursor.
1) For the first time, the new address/contact information for the company and CEO appears in filings. I think this kind of helps bring home the fact that changes are (or will be) happening.
2) Sometimes I like to look for subtle wording changes from previous filings. I'm not exactly sure how this particular wording change below should be interpreted (or for that matter whether there is anything of significance behind it), but I did find the addition of the bold part to be somewhat interesting......
The Company recently has formed an alliance with PT. SUMBER DAYA KELOLA (SDK) with which the Company will pursue a geothermal project in Indonesia. The Company is also evaluating the potential acquisition of a gas processing project. A suitable gas plant has been identified and negotiations on its purchase have commenced and have been agreed to, but the Company does not currently have any agreements in place with SDK.
3) On August 20 VOIG amended a small promissary note and issued 1M shares to Capersia Pte. Ltd. The conversion price and possible ultimate dilution might look bad in the void of any significant news/developments, but sometimes when you see changes in financial agreements like this one, it could be a precursor to a possible merger/acquisition.
On or around August 20, 2009, we entered into an amendment to the Note, pursuant to which we agreed to amend the conversion price of the Note to $0.001 per share, and to allow Capersia to convert $1,000 of the amount owed under the Note into 1,000,000 shares of our common stock, which shares have not been issued to date, but which have been included in the number of issued and outstanding shares disclosed throughout this Prospectus. If the remaining approximately $11,764 of principal was converted into shares of the Company’s common stock, such Promissory Note would convert into 11,764,000 shares of common stock, representing approximately 48% of the Company’s then outstanding common stock.
