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bradleydredge

04/18/11 11:01 AM

#18579 RE: ack0605 #18578

Ack - very informative post, congrats.

I think the wording of the PR is a bit ambiguous though. The way I read it is, VGPR "has been elevated to the highest tier it has ever reached" (so far), it did not mean the highest pier possible.
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uptick10

04/19/11 9:03 AM

#18584 RE: ack0605 #18578

ack: My first comment about your post is that you neglected to include the press release and here it is for those to make their own interpretation:

http://investing.businessweek.com/research/stocks/news/article.asp?docKey=600-201104180830PR_NEWS_USPRX____CL84442-1¶ms=timestamp||04/18/2011%208:30%20AM%20ET||headline||Vega%20Biofuels%20Moves%20to%20Top%20Tier%20with%20OTC%20Markets||docSource||PR%20Newswire||provider||ACQUIREMEDIA||realtedsyms||%7CUS%3BVGPR&symbol=VGPR:US

As for your tier argument; here is a definition of Current Information

Current Information
The Current Information tier indicates companies that have submited information no older than six months to the Pink Sheets News Service or have made a filing on the SEC's EDGAR system in the previous six months. This category includes shell companies or development stage companies with little or no operations as well as companies without audited financial statements and as such should be considered extremely speculative by investors.



The press release alerts potential investors that this "development stage company" has filed and achieved Current Information status. Whether or not this is "top" tier is the art of headlines. It is a fact that Current Information in on "top" of Limited Information.

An investment in this company is still (and probably always will be) an extremely risky investment. Here's hoping that there is a REAL reason why VGPR took the time and effort to become current....

GLTA!!!!