VHGI could be on the verge of significant revenues
Post# of 26704
VHGI could be on the verge of significant revenues. VHGI recently announced the successful establishment of a line of credit to its wholly owned subsidiary Lily Group Inc. The $6,000,000 line of credit was obtained from a pair of individual lenders, and was guaranteed in part by Rick Risinger, Chief Executive Officer of VHGI Holdings, and Lily Group Holdings Company, a private corporation controlled by Risinger.
Why is this a huge milestone for VHGI in regards to significant revenue? Let's look at a press release from a little over a year ago. January 12th, 2012 VHGI announced that Indianapolis Power & Light (IPL), a subsidiary of AES Corp. (NYSE: AES), has entered into a definitive agreement to purchase coal over 3 years from the Lily Group. VHGI has entered into a Definitive Stock Purchase Agreement with the Lily Group as announced January 9th, 2012.
The agreement calls for IPL to purchase 1.0 million tons of coal from the Landree mine and also provides IPL with an option to purchase an additional 180,000 tons in 2013 & 2014.
February 2013 Coal Reference Price is at US$ 88.35 per ton, which equates to $88.3M gross revenues for 2013 and 2014. That's over $100M if they exercise the option to purchase the additional 180k ton.
We put a watch alert out on VHGI February 28th, 2013 inside our private VIP twitter feed at a price of .0049/share. Since then we have seen an amazing 900%+ gain for our VIP group and the story may be far from over at this point.