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?
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