Replies to post #17824 on VHGI Holdings Inc fka VHGI

[MoneyStocker1]

Well said benchman...could not have said it any better myself! I myself have been told the same thing by the company, that they are honoring IP&L agreement by not mentioning them.

Some people just cannot get over the "Q" aspect...while that is important, financing is the most important!

VHGI

MS

[proftstocksny2]

Agree with benchman...gdubya already explained why the 10Q is delayed...financing is the priority right now so that auditors can release the documents to them, aside from everything else depending on that financing.

[proftstocksny2]

Benchman, just got your pm...I cannot pm, but just want to say, THANK YOU!!!

[EDMGUY]

You can repeat it as often as you want but the FACTS are right here for all to see in the last 10K ,so it's not a secret. I don't care who you say you talked to or what they told you. Posting legitimate facts isn't bashing, it's honest appraisal of the situation. All the rest here is just hype and speculation. Unless you really believe all this nonsense about the evil MM's shorting this down another 20% today!
GLTY anyway

Coal Sales

On January 1, 2012 the Company entered into a contract to supply coal to Indianapolis Power and Light (IP&L) at a fixed price for three years. Terms of the contract dictated certain quantity delivery requirements well as possible pricing adustments due to seller’s compliance costs and/or the BTU content of the coal.

Because the mine is still in process of being completed and ramping up to full production, subsequent amendments to the original contract have been agreed to whereby the original supply requirement to IP&L over the course of the contract has been reduced.