Vega Biofuels, Inc. (OTCMKTS:VGPR) Bounces Off Bottom on Mysterious Record Volumes
Vega Biofuels, Inc. (OTCMKTS:VGPR), formerly Vega Promotional Systems, Inc., jumped out of nowhere this Tuesday, growing by more than 69% to $0.0022, on dollar volumes above $851,000. More than 400 million shares were bought in the last two days, which were record in share numbers, if not in dollar volumes when VGPR commanded a better price position. 
But in the last year, VGPR has been extremely stagnant, and its rock-bottom price called sooner or later for an attempt at more robust movement. Since the ticker is not seeing any active promotion or PR, and since it is rather accessible, it is possible that the past days are a concerted effort to add interest by increasing volumes. 
VGPR has only outlined its activity for InvestorsHub users, stating that it is planning a factory for biocoal from timber waste. Unfortunately, that intention is dated back to the beginning of 2012, when VGPR saw a brief promotion in addition to the PR. The company is not a SEC filer, but as a pink sheet shared partial information on its OTC profile. To realize its projects as an emerging biofuel producer, VGPR has:
- $18,000 cash
- $135,000 total liabilities
- Zero revenues
- $121,000 net loss
While VGPR has not dug too deep a financial hole for itself, its six other names and identities, ranging from seafood to technologies, did little to supply the company with solid reserves. In the past, all the movements and investors’ interest in VGPR were due to promotion, and now despite the fact that the company has a low market cap a bit above $2 million, its large number of shares, above 910 million, are a serious factor pushing the price down. On top of all, VGPR has a further 950 million shares outstanding, and that whole structure came after a series of reverse splits in the past years, as an attempt to remedy the situation.
It was a close story for Health Sciences Group, Inc. (OTCMKTS:HESG), which jumped on unexplainable activity, and went on to remain active for a while as a highly speculative bet. HESG is still rating around $0.0003, despite its attempt at better fame as a marijuana stock.
Other underpriced tickers, like Latteno Food Corp. (OTCMKTS:LATF) go on to make a smoother trend. LATF was accepted as a potentially successful marijuana company, and made solid progress toward the penny levels, only to retreat on three days of selling to $0.008.
If you like VGPR for its potential to rise quickly, be aware that the volumes in the past days were unusual, and avoid over-investing, so as not to get caught in a situation of poor liquidity.
