Another email from CEO Mike Molen -- a smal
Post# of 97
Posted On: 06/24/2014 7:49:45 PM
Another email from CEO Mike Molen
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a small number of twitter users have begun commenting online about "similarities" between today's PR and the 2010 PR they found regarding the same energy producer in Austria. If you go back, there was a PR for 2010 with the same producer for a smaller amount of biocoal than in today's. Mike Molen, CEO OF VGPR, responded to my questions. I will post the entire text of my email to him, and his reply, along with a screenshot of his reply.
thanks for reading,
@quikJL
http://i.imgur.com/mbk2Nog.png (screenshot of his reply)
Good afternoon Mr. Molen,
Congrats on the great news today! I have been excited to share the news with folks. Just wanted to bring it to your attention that online chatter on twitter/ihub cranked up about an hour ago by folks claiming to be "concerned" Imaybe they are, maybe they are just stirring up trouble) about how there are similarities between the 2010 agreement with that same company in Austria and today's PR. I read the two and noticed that the numbers are much different--today's agreement is larger than the one from 2010. Is there any significant difference between now and 2010 that I can show to folks online that such concerns are unwarranted? I feel this question might be silly, but doubt is the currency of the OTC markets, as you know. I would like to personally combat disinformation and rumors, as I find them to be clutter and noise.
thanks for your time,
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his reply to me:
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The deal in 2010 was for product being produced at our proposed South Georgia plant. In that LOI there was no mention of price or delivery dates. As you know, since then we have entered into a JV to build a plant in Allandale, SC.
The client required that we send samples of our Bio-Coal for testing before they would give us a firm order. We sent the samples and they were acceptable to the client and they gave us the order that was announced today.
I hope this helps.
--
a small number of twitter users have begun commenting online about "similarities" between today's PR and the 2010 PR they found regarding the same energy producer in Austria. If you go back, there was a PR for 2010 with the same producer for a smaller amount of biocoal than in today's. Mike Molen, CEO OF VGPR, responded to my questions. I will post the entire text of my email to him, and his reply, along with a screenshot of his reply.
thanks for reading,
@quikJL
http://i.imgur.com/mbk2Nog.png (screenshot of his reply)
Good afternoon Mr. Molen,
Congrats on the great news today! I have been excited to share the news with folks. Just wanted to bring it to your attention that online chatter on twitter/ihub cranked up about an hour ago by folks claiming to be "concerned" Imaybe they are, maybe they are just stirring up trouble) about how there are similarities between the 2010 agreement with that same company in Austria and today's PR. I read the two and noticed that the numbers are much different--today's agreement is larger than the one from 2010. Is there any significant difference between now and 2010 that I can show to folks online that such concerns are unwarranted? I feel this question might be silly, but doubt is the currency of the OTC markets, as you know. I would like to personally combat disinformation and rumors, as I find them to be clutter and noise.
thanks for your time,
---
his reply to me:
---
The deal in 2010 was for product being produced at our proposed South Georgia plant. In that LOI there was no mention of price or delivery dates. As you know, since then we have entered into a JV to build a plant in Allandale, SC.
The client required that we send samples of our Bio-Coal for testing before they would give us a firm order. We sent the samples and they were acceptable to the client and they gave us the order that was announced today.
I hope this helps.
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