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Friday, February 04, 2011 5:27:37 PM
Vega Biofuels has no other employees than Molen. Vega Biofuels IS Molen. He issues press releases as long as there are idiots buying his stock.
Molen has not even applied for an environmental permit in Georgia to operate a biofuels plant. He has no technology to be able to use torrefaction. He knows nothing about energy sector. He does not have the capital (around $30 million) to build any biofuels plant. He has no management team to operate a plant. He has no source of energy to dry the biomass to make bio-coal of it.
The only thing Molen can do is writing fictitious press releases about coming projects, which never realise.
Wake up traders. Do not let Molen suck your money.
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