-1.9 C
Munich
Friday, January 27, 2023

Vision Energy Corp (OTCMKTS: VENG) Promotion Stalls as VIHD(D) Changes Ticker to VENG

Vision Energy Corp (OTCMKTS: VENG) is a heavy-duty promotion that has rocketed up the charts since early November, affecting a 2 for 1 forward stock split and changing its name and ticker symbol from VIHD(D) to VENG. The stock reached a high of $19.30 earlier this month and needs to overtake this level for confirmation of a next leg up. 

VENG promotional material consists among other things, articles, one titled: “This Stock is Leading an Energy Revolution and Investors Stand to Make a Fortune with landing pages at both WorldFinance.com and DailyFinanceNews.com, under different authors’ names. Most of the information used in this promotion has been identified as false by the Company itself. 

Subscribe to Our 100% Free Penny Stock Newsletter. We Have Something Big Coming!

Vision Energy Corporation Announces Symbol Change To “VENG”Vision Energy Corp (OTCMKTS: VENG) is a forward-looking energy company developing assets and solutions for the commercial, industrial and transportation sectors. Leveraging its proven track-record in site and asset procurement, accelerating development and permitting processes, plant design, and grid integration to facilitate low-carbon energy production, supply and distribution. The Company pursues reliable offtake relationships and operating partnerships with energy industry participants and end users seeking carbon abatements across feedstock and fuels. Vision Energy is committed to providing low carbon energy solutions with the highest yield, and where possible, projects are designed to leverage existing gas and power infrastructure to integrate and facilitate import and or distribution of reduced-carbon energy to domestic and global supply chains. 

The Company, through its wholly owned subsidiary Evolution Terminals, is in the advanced stages of planning for the construction of its Green Energy Hub, and is on schedule to file for the remaining construction and environmental permits by December 2022. The Company’s Phase 1 development plan is designed for the construction of approximately 400,000 cubic meters (CBM) of renewable liquid bulk storage capacity comprising 150,000 CBM allocated to Green Ammonia, 180,000 CBM allocated to Renewable Methanol and 70,000 CBM allocated to Biofuels and Liquid Organic Hydrogen Carriers (LOHC). Phase 1 CAPEX is estimated at EUR €450 million, including jetty infrastructure. 

The Terminal is strategically situated within the ARA region at the mouth of the Westershelde Estuary, in North Sea Port of Vlissingen, the Netherlands; and is directly accessible from the North Sea without the need to transit locks and sluices or to navigate inland canals. 

Earlier in December Vision Energy issued a press release regarding recent market activity in its common stock traded on the OTCQB market. On December 6, 2022, the Company was informed by the OTC Markets Group Inc. of certain promotional material that encouraged investors to purchase or trade the Company’s common stock. The Company believes that the promotion may have had some impact on market activity, but that a recent stock price increase and trading activity are also due to the Company’s news released on November 10, November 22 and November 30 related to the Company’s advancements and strategic partnerships with its Green Energy Hub development project in the North Sea Port of Vlissingen, the Netherlands. Neither the Company nor its officers, directors, employees, consultants, or advisors were involved, directly or indirectly, with the creation, distribution, or payment of the promotional materials. The Company was not aware of the promotion prior to notification by OTC Markets.  

To Find out the inside Scoop on VENG Subscribe to newsytrends.com Right Now by entering your Email in the box below

VENG

The promotional material identified to the Company consists of an article titled “This Stock is Leading an Energy Revolution and Investors Stand to Make a Fortune.” To the Company’s knowledge, this article has been posted on at least two domains, WorldFinance.com and DailyFinanceNews.com, under different authors’ names. The article falsely claims that the Company is “building a network of hydrogen power plants across Europe,” falsely claims the Company “will get tons and tons of carbon credits which it will turn around sell” and predicts that the Company’s stock price will rise. The statements relating to the hydrogen power plants and carbon credits are materially false and misleading. The company disposed of two green hydrogen production development projects in May 2022 (Company news released May 11, 2022), and as of the date of this release, Vision does not hold any carbon credits. The Company is focused on developing infrastructure and assets to facilitate clean and low-carbon energy including hydrogen and hydrogen carriers. The Company is currently developing a liquid bulk storage terminal for import, storage and handling of green and low-carbon energy products and fuels. The article also contains statements regarding certain other companies and actions by foreign governments related to power plants and the hydrogen sector. The Company cannot confirm the accuracy of any of these statements.  

On December 12 VENG announced an MOU with Linde Engineering for expanding scope and further cooperation in regards to Vision Energy’s pioneering Green Energy Terminal in North Sea Port of Vlissingen, the Netherlands. The expanded scope in the MOU defines the parties’ intentions to engage in a deeper collaboration in connection with engineering, procurement and construction services and a mutual interest to participate in co-investment, development and operations associated with Hydrogen production through Ammonia Back-Cracking as a service and an e-Methanol production plant. 

This expanded scope will vastly accelerate the development commitments of Evolution Terminal’s existing site located in Vlissingen, The Netherlands, for storage of Ammonia/LPG and other green and renewable products such as e-Methanol. Linde is highly experienced in clean energy infrastructure design and operations. Vision Energy has previously contracted with Linde to deliver preliminary Front-End Engineering and Design (FEED) services for Phase 1 of Vision Energy’s Green Energy Terminal. 

 We have something big coming Subscribe Right Now!

Currently trading at a $692 million market valuation Vision Energy Corp is a heavy-duty stock promotion that touted “This Stock is Leading an Energy Revolution and Investors Stand to Make a Fortune with landing pages at both WorldFinance.com and DailyFinanceNews.com. Vision Energy has rocketed up the charts since early November, affecting a 2 for 1 forward stock split and changing its name and ticker symbol from VIHD(D) to VENG. The stock reached a high of $19.30 earlier this month. From current market valuation VENG will drop significantly and ultimately this stock will trade for well below $1 per share.  We will be updating on VENG when more details emerge so make sure you are subscribed to newsytrends.com by entering your email below.

Subscribe to Our 100% Free Penny Stock Newsletter. We Have Something Big Coming!

Disclosure: we hold no position in VENG either long or short and we have not been compensated for this article.

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article

Sign up now for our 100% FREE Penny Stock Newsletter

Privacy Policy. we will never share your email with anyone.