I also agree that the biomass plant is real. It just seems like this is taking forever to come to fuition. I will give Molen credit. Despite all the negative stigma and personal attacks that have been sent his way, he has kept his eye on the prize.
To put things in perspective, I just completed an 8-month project from conception to completion. It is nowhere near what he is trying to do. In less time, he has:
1. Identified a strategic location (including user-friendly rail service), for the plant.
2. Established and built a working relaitonship with county officials.
3. Signed an agreement to purchase timber biomass.
4. Hired a top notch engineering firm.
5. Reorganized the company and reduced the shares by 26.5 billion shares (90%).
6. Secured a half million dollars of interim financiing.
7. Signed a Letter of Intent for a buyer of the product to be manufactured.
There are two key "next step" items that we are all anticipating. (The Plant) and (some more funding). It makes sense that Vega Biofuels will not be building a plant from scratch as that would take years and a lot of money. That being said, even an existing plant will take time to retrofit to begin operations. So the sooner we see these "next step" items occur, (plant announcement and more funding announcemnt), the better!
But as for the belief that this project is real. Yes, everything that Molen has done has confirmed that he is singularly focused to make this business conern a reality. I wish he had gobs of money and/or a bunch of parters to have moved things along even quicker. But that's not the case.
And as someone who invested early in Vega, this is the first project that he has taken from just a "pie in the sky idea" to "a real project with real profit potential". Finally!
Let's see what happens over the next few weeks. If Molen continues to execute and FINALLY announces a plant and/or more funding, it will have a dramatic and positive effect on the share price.
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