Viaspace, Inc. (VSPC)

[BreakingGood]

I think VSPC has a shot at meeting the acreage requirement if the Harmony Gold and Philippines projects move forward on schedule (a big if). However, I am becoming increasing skeptical that any of the other current projects will move forward sufficiently in that time frame, if at all. That would mean that VSPC would still have to find an additional customer within the next 17 months and get them planting a larger amount of acreage than any existing customer has yet planted.

The revenue requirement will be more of a challenge if the Philippines and St Croix projects do not move forward.