Viaspace, Inc. (VSPC)

[BreakingGood]

They only have 1.6 billion of the current 1.8 billion shares outstanding. Allocating 800 Million shares for stock options is outrageous. That is almost equal to the entire current float of 965 Million shares. It also means that they have another 1.45 Billion shares to do whatever they want with. My guess is that they will award that to themselves in 2016.

Aren't there SEC regulations against Management massively transferring companies value from shareholders to themselves?