As noted in previous postings above,annual report was filed. Many companies I'm following have not filed and therefore have been downgraded to "limited info status"--see www.pinksheets.com.
As with many startups, much of salaries are paid in stocks and yet there has not been dilution of book value.
VGPR has "current information" status,which is good(I think ca one half of pinksheet companies are below current status-and yet many trade for over 1.00. Many companies promoted by stock newsletters are "skull and bones"status. Again,see www.pinksheets.com
And many are shell companies.Eg, BGBR,promoted right now at ca 1.27 stock price, as per its annual is a shell,has no employees and no real operations expected this year.
In contrast,VGPR is not a shell,has joint venture partners for their Brazilian and China projects(which,esp re Brazil,should bring revenues at some point),and is seeking private venture capital and state assistance in getting the Georgia plant constructed.
They already have agreements to sell product from a Georgia plant. Europe is ahead of the U.S. and urgently expanding their alternative energy sources for environmental and national security/energy independence(vis a vis OPEC and other unfriendlies who would dictate their internal and foreign policy).
Also,VGPR still has incredible stock value because book value is the current trading price of .005.
Compare book value of other penny companies(see yahoos "key statistics")and you will notice most trade many many times above book value-sometimes hundreds of times book. I've seen penny Co's with negative book of up to $15/share and yet trade at ca one dollar.
Yes,they,like almost all pennys,could do better at providing info,but they are better than many at doing so.E.g,JADA hasn't had PR since December,promoted STDF since Feb 17 etc.
