Viaspace, Inc. (VSPC)

[_mmech]

see it all the time:

Since we incorporated, our average loss per year is over $4.5 million and expect to continue this pattern into the future

Our only major source of funding is not guaranteed, and if he bolts (as Chang did), we’re toast

The exclusive license for our only product is up for renewal at the end of next month and we have no idea if we will meet the milestones needed to retain the rights

We have major debt, it continues to grow and don’t have any plans to reduce it

Our plan going forward is to dilute the O/S with new shares (many)