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I posted about VIGS on the main forum, but figured it would be appropriate to post on the penny forum as well. I've been trading several penny stocks, but VIGS has really caught my attention. First and foremost, VIGS is traded on the OTCQB (a few steps above the pink sheets world) and as such, VIGS must adhere to much higher standards. VIGS is a clean, fully reporting shell that is positioned to take on a Reverse Merger very soon! The gentlemen that own this shell have an extensive background in completing some very successful reverse mergers. One BIG piece of information to note about this stock is its extremely low float. The current float is 8 million. However, on another investor forum, we've all been sharing our exact share count held in VIGS in order to create a float lockdown, which to-date provides for only 2 million shares of the float being traded. The other 6 million shares of the float is currently being held by a small handful of us investors. What does this mean? This means that at any given moment, the slightest increase in volume can seriously send this stock to the moon and beyond. Add in some news about a reverse merger and call your bank to tell them to stock up on more cash, as they'll need it once you cash in on your VIGS stock.
Below is a little bit of information about the two guys that run the VIGS shell - I have spoken with Adam McAfee and feel more than comfortable with the expected events that are soon to take place:
I did some digging into the last 10-Q that was filed in 02/11. VIGS took out a line of credit with Navitas Capital, whom is a large shareholder of VIGS and only invests in Green Renewable Energy Companies (www.navitascap.com/investments). Per the 10-Q, both Todd Waltz & Adam McAfee signed the promisary note with Navitas Capital. Let's keep in mind who both of these guys are and why putting their name on this promissary note is a BIG step in the right direction for VIGS investors.
AE Biofuels (Nasdaq Ticker: AEBF)
Todd Waltz is the CFO of AE Biofuels
Adam McAfee is a Senior Advisor @ AE Biofuels
Organic Pastures (www.organicpastures.com)
Adam McAfee is the Founder & Managing Director of Organic Pastures
Todd Waltz is a Senior Advisor @ Organic Pastures
Nevo Energy, Inc. (Stock Ticker: NEVE)
* Same address and phone # as Cagan McAfee
Adam McAfee is the CFO of Nevo Energy, Inc.
Todd Waltz is a Senior Advisor @ Nevo Energy, Inc.
Adam McAfee's Bio from the Organic Pastures website:
Adam McAfee, MBA/CMA, Founder and Managing Member
Adam founded and serves as Managing Director for Park Capital Management, a Silicon Valley-based private and public equity investment firm specializing in high-tech and renewable energy companies. He has twenty years experience as an investment advisor and corporate controller. He worked for eleven years with technology innovator, Apple Computer, Inc. in corporate finance for the Worldwide, R&D and Sales divisions. He is a Certified Management Accountant and registered as an Investment Advisor. He graduated with an MBA from the University of California, Irvine and Harvard Business School Private Equity and Venture Capital Program.
Todd Waltz's Bio taken from LinkedIn:
Summary: Financial Executive with proven experience in high-growth and emerging public companies. Visionary and creative professional recognized for operational planning and business strategies. Proven track record of success for taking companies public through reverse merger and stabilizing the finance group within these new companies. MBA with concentration in Finance and Master of Taxation.
Specialties: Corporate Governance and Reporting, board level communications, SEC Reporting, Forecasting and Analysis, Accounting Control, Taxation and Financial Planning.
Let's put this all together:
Both Todd and Adam both have emmence experience taking private companies public, as well as running these successful companies. Both Todd and Adam have guaranteed this line of credit with Navitas Capital, putting them both at some level of risk. IMO, I highly doubt either Todd Waltz and/or Adam McAfee would be signing notes such as the one with Navitas unless they were sure that VIGS was going to be successful. Given both of their track records, I have no doubt that VIGS will be placed on the trophy wall as a SUCCESSFUL REVERSE MERGER. The experience of these two is enough to make me happy, but putting them together as a team makes me ecstatic for what's to come.
I hope all the current VIGS investors as well as new VIGS investors find the above DD as comforting as I found it to be. IMHO, the above DD should be enough for anyone to feel comfortable loading up on VIGS stock, especially with a low float/float lockdown in play!
GLTA!
Tags: VIGS
Permalink Reply by Nick Jacobs on June 7, 2011 at 4:08pm
Permalink Reply by Stocks To Buy on June 11, 2011 at 5:30pm
Permalink Reply by Nick Jacobs on June 12, 2011 at 10:49am - Subscribe Via RSS Feed or - Subscribe to Stocks To Buy by Email
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