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fbinvestor

11/12/10 6:22 PM

#18209 RE: uptick10 #18208

I posted an example of a recent bio-coal project that will really be executed by the management team of a company. THE TECHNOLOGY THEY USE SHOULD BE FEASIBLE AND ECONOMICALLY VIABLE.

Vega has no patents or technology it could realise anything in the bio-coal sector. Can you see the difference in these two companies?

Manufacturing of bio-coal is a big challenge for any company. The gasifying process takes a lot of energy. Where would Vega get that energy? Where would it get the $30 million investment for a plant?
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Brazil Ops

11/13/10 4:59 AM

#18211 RE: uptick10 #18208

Dear Uptick, biocoal comes from torrefaction which is what Molen was claiming that he has and infurred that he had industry experts to manage the business. Mr. Chew was the expert and he clearly has announced that nothing Molen stated was serious and the company had absolutely no intentions to actually take the steps necessary to develop a biocoal facility in the UNited States. If Molen with his money from the investors actually hired an engineering company for $300,000 to do the energy balances and conceptual engineering, perhaps Molen would have some credibility. Unfortunately after a press release that stated that Molen was asking engineering firms to bid on designing the plant (This would never happen), Molen simply dropped the issue after he maximized the stock pump. THIS IS FRAUD.