Summary of the false PRs since November 2009. on 11/2/09, Vega Accepting bids to build biomass plant in GA. How can you accept bids if there is no bid package prepared for the engineering and construction firms to develop their bids. This takes money to do. You typically would spend $400,000 on the details required to ask for bids. Vega appears to have spent no money. It doesn't appear in Vega's bogus financials.
11/16/09 Vega chooses ARE Energy to provide generators. No such agreement or contract with ARE Energy was ever put in place or agreed to. Press release made without ARE Energy's approval.
12/3/09 Vega announces plans to build a biomass facility in Brazil with a JV partner. JV agreement implies an identified partner. As of today, no partner has ever been identified.
Jan 5, 2010 Vega orders a gas analysis on existing wells implying that there was plenty of gas to build a power plant. Instead the real purpose of the gas flow analysis was to evaluate the existing gas flows from the existing wells to see if more than 300 KW could be produced. This is much lower than the 5,000 KW that Vega was promoting.
March 11, 2010 JV to create a regional brand for energy services in Brazil. C-Energy Ltd was declared the Brazilian partner. C-Energia Ltd does not exist in Brazil. C-Energy had no signed contracts with customers which was a misleading statement made by Vega.
Without analyzing earlier PR statements, it is clear that Vega is just a pump and dump cpmpany that should be closed down by the SEC. I HOPE THAT THE SEC shuts this company down and gos after the Chairman of the company along with the stock promoters.
News 
Market Data 
Discover 
AI
