Viaspace, Inc. (VSPC)

[pickinNclickin]

The actual fee will be paid via paying the NOTE, so they can keep the Goodwill on the books. It's an accounting gimmick, and if Karl had got all those huge projections right, then they wouldn't have been charged anyway. An impairment charge is proof of a bad investment.

if karl sold 500 million dollars worth of grass last year...the impairment charge would still be there because its to do specifically with ipa...not the debt or the grass or contracts or anything else...and its not an accounting gimmick...its very simple an clear