Although quiet on the PR front since about a year ago, in the filings they mention some things have been brewing and we should see the fruits of their labor 'mid 2006'.
Initially mentioned this at .80's range when it popped on the radar, it closed the week at $1.38 with an intraweek high of $1.70. IMO this is just the beginning, looking for more this week.
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$3.45 HOD today, 15k vol, filed 8k about a 2:1 f/s coming, likely see PR this week on it. Company is waking up imo.
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Broke $4 mark yesterday, on dip today, no fills on bid.
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VISION ENERY GRP INC (U-VNGP) - News Release Letter to Shareholders by Vision Energy Group, Inc. President & CEO, Russell Smith
2006-07-07 12:46 ET - News Release
LOS ANGELES -- (Business Wire) -- July 7, 2006
The following is a letter to shareholders by Vision Energy Group, Inc. (Pink Sheets:VNGP) President & CEO, Russell Smith:
On June 29, 2006, the Board of Directors and the holders of a majority of the outstanding capital stock of Vision Energy Group, Inc. ("the Company") adopted and consented to a resolution, effective July 7, 2006, by which each issued and outstanding share of Common Stock of the Company shall be changed to and converted into two (2) shares of Common Stock. An 8K report was filed with the SEC on June 30th, 2006 to this effect. The Company presently has 11,537,486 shares of common stock issued and outstanding. Due to unforeseen factors, this effective date will be extended for a brief period until the appropriate notice period has elapsed. A further 8K report will be filed immediately notifying shareholders of the exact effective date when advised. The Board of Vision Energy Group, Inc. also wishes to advise shareholders that the Company is actively pursuing strategic alliances with various Technical Groups and Energy producing companies. These Companies have expressed strong interest in joint participation with Vision Energy Group, Inc. in Projects that will utilize Vision Energy Group, Inc. Technology and Knowhow in the fields of: Ethanol production from coal and plant sourced feedstock; reduction of greenhouse gases from existing and planned projects; and overall energy conservation and efficiencies. The Board expects to announce details of at least one such project within 90 days.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this release that are not historical, are forward-looking statements that are subject to risks and uncertainties that could cause results to differ materially from those expressed in the forward-looking statements, including but not limited to, certain delays and risks detailed from time to time in the company's filings with the Securities and Exchange Commission. Contacts:
Vision Energy Group, Inc. Matt Wyrick, 310-821-2244
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Press Release Source: Vision Energy Group, Inc.
Vision Energy Group, Inc. Announces 2-for-1 Forward Split Effective Date Friday July 14, 7:32 pm ET
LOS ANGELES--(BUSINESS WIRE)--July 14, 2006--Vision Energy Group, Inc. (Pink Sheets:VNGP - News) announced the effective date for the previously advised forward split will be Wednesday, July 19, 2006.
The company has also reviewed several alternative energy and/or alternative vehicle fuel projects over the past month. Further investigation will be done with the top 3 potential projects, which have been chosen with the intent of taking part in their development and construction. Two of these projects are landfill gas to vehicle grade LNG, and the third project is in future ethanol production.
Contact:
Vision Energy Group, Inc. Matt Wyrick, 310-821-2244
Ethanol and vehicle grade LNG are both very much in demand and VGYI (VNGP pre forward split) has the technology and know how to take advantage of it.
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