Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
This looks interesting, is anybody here? Not a post in 5 years! Hello anybody, is there anyone here?
This looks interesting, is anybody here? Not a post in 5 years! Hello anybody, is there anyone here.
VGREF files to suspend reporting to SEC:
http://ih.advfn.com/p.php?pid=nmona&article=65826030&symbol=VGREF
Doesn't Chang still run a pellet mill that was purchased by VSPC and obtained by Chang in the VGREF/VSPC swap/collateral fiasco?
Sorry for the multiple posts, but what exactly do you mean by:
Were you suddenly notified of that post because of this?
http://www.sec.gov/Archives/edgar/data/1465062/000101968715000921/vge_frm15.htm
Interesting timing.
He is now retired?
Viaspace Green Energy Conspiracy????
I was alerted to this post yesterday and I believe I should respond, although a couple of years belated.
1. I am not aware until now that there have been allegations of conspiracy.
2. Yes, I was a director of a VGE as a favor to my friend, Carl Kukkonen, who founded Viaspace.
Carl was a scientist at NASA's Jet Propulsion Research Laboratory in San Diego. He is now retired.
3. He discovered that Giant King Grass could be cultivated and harvested 3 times a year and pelletised
to produce fertiliser or as feedstock when mixed with coal for power plants, which would reduce
carbon emissions.
4. Carl was unable to secure support for his green project and I recall, perhaps two years ago, that I
signed certain papers to wind up VGE.
Carl is not a person to misrepresent the technology nor is he dishonest.
Patrick Teo
Congrats Hobby Lobby. You fought the.......
good fight!!!
Please note: Hobby Lobby is VGREF's biggest and therefore most important client.
$1000 in grass revs for Q2. Not good.
Approximately $954,000 of revenues recorded during the three months ended June 30, 2013 are from framed artwork sales and $1,000 of revenues are from grass related sales.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9452078
Why would you want to re-negotiate? 8% is good, don't you think? VSPC already paid Chang over $500,000 for the license which doesn't appear to be worth 5 cents. 5 years and no deals. What gives?
Great news that freedom of religion still has respect for beliefs that Hobby Lobby has. Possibly VGREF and VSPC can still do business in China. Lets hope we could renegotiate the agreement.
How's it going Market Twain?
Hobby Lobby wins legal appeal
An appeals court reversed a lower-court decision, saying the Christian owners of Hobby Lobby can fight implementation of a healthcare law requiring employers to pay for types of contraceptives that they believe are abortifacients.
http://www.abpnews.com/culture/politics/item/8632-hobby-lobby-wins-legal-appeal#.UdAS0pzk-so
Since VGREF didn't achieve the projected revenues for GKG, they can still sell framed art through Hobby Lobby. Glad to see Hobby Lobby fight the good fight.
VGREF is expanding, why isn't VSPC?
Grass revenues were $183,000 in 2012 compared with $15,000 in 2011, an increase of $168,000.
Mr. Sung Chang, President of VIASPACE Green Energy (VGREF) stated, "The fourth quarter of 2012 represented the first quarter that we have reported revenues derived from the sale of Giant King™ Grass pellets in China. I am very pleased with this achievement. Our pellet sales to customers in China have proven that VGREF can manufacture high-quality pellets and deliver them to customers at an attractive price. We are able to offer favorable prices to our customers by taking advantage of Giant King Grass' high growth yields. We are seeing the pellet market in China grow and expect our Giant King Grass pellets to help supply this demand. At this time, we are searching for more land to expand our Giant King Grass plantation and install an additional pellet mill."
Just askin'
What are you talking about?
Jason replied to my complaint about VGREF's fiduciary responsibiliy promptly. Really should not ahve taken this long!
Dear Mr. Rodriguez,
Thank you for contacting us. We appreciate you as an investor, but the company feels that it is fulfilling its fiduciary duty and is working hard for its investors every day. Additionally the company is in good standing with the SEC and is fully-reporting. We are working hard on the annual report this time of year and that should contain a bit of information for investors.
As for your questions that have fallen “upon deaf ears,” we have not received any communication or inquiries from you recently and apologize if we have not responded to anything that may have been lost. Please feel free to send me recent e-mails that may have been lost, and we will try our best to respond in a timely manner.
DD from T9, and we see volume..........
It won't hurt H..L.. or VGE. Great free avertizement. Maybe they can get the fines reduced or expelled, etc in a deal.
VGREF ~ Hobby Lobby A Factor in 2013?
Hobby Lobby took stand on principal even in the face of $1.3 million in daily fines for failure to comply with Obamacare mandates. Could we see sales rise like they did when former Gov. Mike Huckabee called for support of Chick-fil-A this past summer in light of certain comments made by management? If so, could VGREF see increased orders for framed art?
The daily fines have to impact Hobby Lobby at some point, don't they? Didn't the IRS add agents to collect fines?
Will Hobby Lobby fight til the end? Could it help or hurt VGREF? Hobby Lobby is their major customer at the moment, but they do have the new GKG pellet supply contract.
Could get interesting in 2013. Here's hoping for the best!
Happy New Year!
Additional information upon request:
Karl is bragging on the VSPC website about this accomplishment, as if it were actually deserved. The letter shows what little respect he has for shareholders. Any increases will now be removed since the VGREF shares belong to Chang.
Revenues were $0 and $20,000 for the three months ended September 30, 2012 and 2011, respectively, a decrease of $20,000. Ionfinity incurred revenues of $20,000 for the three months ended September 30, 2011 and zero for the three months ended September 30, 2012 as all US government contracts were completed in 2011. The Company did not recognize any grass revenues for the three months ended September 30, 2012.
The last Q shows no revenues in 2012, and only $20K as of 9/30/2011, and that was security related. See page 18:
http://www.sec.gov/Archives/edgar/data/1270200/000101968712004224/viaspace_10q-093012.htm
Sure it is. Regardless of whether they are in the Top 10 or not, the ranking is based on revenue. It's based on 2600 plus percent revenue growth in clean technology.
You are proving my point about shareholder approval as well. You know good and well VSPC has never had $5MM in revenues from GKG, as is required. They shouldn't even be on the list, yet you are trying to make the point they are ranked even higher than I said in an earlier post.
I am not denying they aren't on the list. I am saying they lied to get there, and shareholders approve. It reminds me of Ruby and his website filled with lies. Karl knew the website was bogus and shareholders here saw my emails pointing it out. It didn't matter. Longs just knew the Dominican Republic deal would happen.
Now Dr. Kevin (the loan shark) Schewe comes into the picture and longs say, "he won't convert, he'll just be hurting himself". The minute he does the justification for diluting the stock begins.
Same with the ranking. Make it as high as you want, but you can't even prove they qualify.
Your move.
No, not my move.
Please prove this point you made.
I did. The revenue growth was IPA.
Read the filings.
Now please return the favor. Prove VSPC had a 2600 percent from 2007 to 2011. Then explain how it can be anything other than framed art sales.
Karl lied, plain and simple. The Deloitte requirements were clear.
Your move.
TIA
Actually it was $2.46 per share.
Read the last 10K
VSPC didn't pay cash because they didn't have any. They paid $16MM in VSPC shares for more than 6.5 million VGREF shares. Now Chang has the VSPC shares and the VGREF shares.
Now VGREF may not have a large shareholder base, but VSPC has had constant selling pressure since I first saw the ticker. It would be hard for someone to unload a substantial position in VSPC as well.
Now you ask what options Karl had as it relates to toxic financing? Why not sell Dr. (B)S VGREF shares in a private placement? He said he was talking to his finance buddies before the default. Why do all the loans VSPC signs have to include common shareholders getting the shaft?
Chang gets 400MM VSPC shares for free.
If the price can hold, Dr. (B)S will triple his money. You said he wouldn't convert, remember?
Jan said the VGREF shares would go fast, remember?
Karl said institutional investors would be attracted to VGREF, remember?
Which brings me back to my original question. What is Karl doing exactly that would suggest success in on the horizon? He is lying to the investing public about VSPC's growth. He acts desperate, not confident. Why pretend you are something you aren't?
He had a choice and acted like Ruby Sahiwal. He hangs with liars and lone sharks. With shareholder approval, of course.
Are you sure that VSPC paid VGREF $3 in cash for those shares?
My point however is that VGREF does not have a large enough shareholder base that would allow someone to sell quickly if he or she wanted to.
Remember it is not what the company is worth but what people are willing to pay for it. My broker told me years ago that "The Street" knows. Right now it is saying .2188. I might be a buyer at .013.
As far as the toxic financing as you call it, what was Karls options?
VSPC could use the VGREF plantation as a staging area. Maybe they can rework that 8% commission in exchange for VSPC's help.
So if price is the factor, what does that say about Karl? VSPC has far more bagholders than VGREF.
Yes I can see by the pricethatChang is doing a great job. I am shocked that it is still this high. Who bought 2000 shares of a company that there is no interest in. I doubt there will be much interest in a Chinese biomas company with Chinese ownedship,
What indication is there that Karl is trying to make VSPC a success? All he is doing is trying to sell shares, which he is, to Dr. (B)S at a discount. Did you really believe the "lock-up agreement" BS? Karl knows exactly what he is doing and how to pull his "sheeple's" chain. The shares he owns may be locked up, but as long as the company has shares to print, he can sell them, and will. Karl is probably making very good use of the $105K Dr. (B)S "loaned" VSPC.....for himself. He likes to travel to Asia, doesn't he?
Now Chang is using company funds to double the size of Grassland, unlike Karl, and with the right pellet news and numbers we could start seeing a market here......at these levels. Few OTC stocks have a market in Dollar Land.
Besides, the drop in price may benefit Chang.......tax wise.
Is there a CPA in the house?
Rod, as I pointed out he has no following and is obviously not trying to increase his shareholder base. This limits his ability to raise cash. There is no indication to me that he is trying to make this a huge success. He may very well be better off kissing and making up with VSPC.
Mr Chang will come around and request the seperation be amended to allow VGREF to sell GKG outside of China IMO! But there is a price for that!
Still no market. You may be able to buy but you won't be able to sell.
Looks like they expect to sell more pellets........
At September 30, 2012, the Company has made deposits of $144,000 for an additional land lease site of approximately 93 hectares, or 230 acres in China which requires a prepayment of the first five years of lease. The remaining amount of approximately $134,000 is expected to be made in the fourth quarter of 2012. After the remaining payment is made, the Company will have the land available for its use.
Chang taking company money and investing it into infrastructure. If the stock drops below fitty cents, there could be a market with the right PR's based on the current OS count.
Why in the world would anyone think VGREF was going to merge with VSPC. The thing they really need to do is distance themselves from Karl.
Where are the contracts. Glad Mr Chang agreed to the seperation. Maybe he comes back to Dr K & Dr S for guidance like a merger with VSPC for his payment to VSPC in stock surrender. Now that would be cool!
Rookie evidently there is a market for the pellets that VGREF wants to fill. This is a good sign that there is a demand or why bother.
Any thoughts on the VGREF press release other than the obvious green log discontinuation. Interested to hear what others think of this "update" from the company.
Grassland is adding 230 acres.....
Chang is investing far more in operations than Dr. (B)S ever has or will. Looks like Chang thinks the pellet contract will lead to more. Of course "our friends at DP" moved to Guangdong, didn't they? If Karl only put his money where his mouth was!
So much for.........Chang going at it alone, huh?
At September 30, 2012, the Company has made deposits of $144,000 for an additional land lease site of approximately 93 hectares, or 230 acres in China which requires a prepayment of the first five years of lease. The remaining amount of approximately $134,000 is expected to be made in the fourth quarter of 2012. After the remaining payment is made, the Company will have the land available for its use.
The only real chance it has ison the caribbean Islands because labor is cheap, everything has to be imported and the weather is ideal. I am not sure how well the grass would fair in a hurricane though. I guess they would harvest before it was destroyed.
Someone got the supply contract, right? Wasn't it a Chang or a Wang? They only have China and Taiwan (territory) supposedly, but they sell logs right here in Georgia. Not sure how it's going. Why do you think they need a sales(person)?
VGREF's supposed supply contract was going to start generating revs in October according to the PR. The 10K will be an interesting read as it relates to pellet revenues and logs sales. I also think if the pellets can be sold at a lower price than wood pellets (free market capitalism) then it opens far more doors than MOU's with non-existent energy company like the "sister" VSPC signs.
Some retail stocks "beat the street" today, but VGREF's sales dropped 58% year over year per the Q. I think framed art is the bread and butter, but we shall finally see if GKG can turn someone a profit. If it can't with the labor cost in China, I seriously doubt it has a snowball's chance in Hades in the US (not that it ever did).
We'll see
P.S. Waiting on Jason to answer my email, but not holding my breath.
As I stated before FWIW Jason said things were going well. Not particularly impressed with his return call but didn't sound like the aggresive salesman type. He did say pr's would be provided.
Suppose they can't afford to hire a salesman?
Maybe not, but the former CEO said in April........
Perhaps their customer/sdo not prefer pellets.
VGREF has NO pellet inventory on the balance sheet.......
In fact there is no grass inventory at all.
There were suppose to start making pellets in Q2, but nothing shows for Q3.
MARIETTA, Georgia - April 23, 2012-VIASPACE Inc. (OTC Bulletin Board: VSPC - News), and its subsidiary VIASPACE Green Energy Inc. (OTC Bulletin Board: VGREF) today reported that the company has installed state-of-the-art pellet production equipment at its plantation site in Southern China.
The company has purchased a 2 ton/hour pellet mill from one of the largest, well-known and reputable pellet mill manufacturers. The pellet mill is expected to be operational and producing Giant KingTM Grass ("GKG") pellets in May and the company will begin selling pellets in the Asia market shortly thereafter.
http://www.viaspace.com/press_article.php?id=1366
Hobby Lobby loses court battle over Obamacare.......
VGREF's only major customer, Hobby Lobby, lost it's court battle and plans to appeal the decision requiring them to pay for contraception for their employees.
Did you actually read what you linked/posted?
President Obama to Myanmar then Thailand Monday. Look for him to praise their alternative energy efforts and also their biomass initiatives. Watch for signs of ADB Asian Development Bank. Got an email back from them recently and believe me Mr Chang and VGREF have the inside track toward projects!
Followers
|
14
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
2281
|
Created
|
01/25/10
|
Type
|
Free
|
Moderators |
Viaspace Green Energy, inc. (OTCBB : VGREF)
Our Company
VIASPACE Green Energy Inc., a British Virgin Islands company ("VGE-BVI" or the "Company") is the parent company of IPA BVI. IPA BVI owns all equity interests of IPA China. IPA BVI and IPA China specialize in the manufacturing of high quality, copyrighted, framed artwork sold in U.S. retail chain stores. IPA China also has a sub license to grow and sell a new fast-growing hybrid grass to be used for production of biofuels and as feed for livestock.
Our principal executive offices are located at 2102 Business Center Dr., Suite 130, Irvine, CA 92612. Our main office in the PRC is located at San Sheng Road, DaLi Village, TaiHe Town, Guangzhou, China 510540. Our website address is www.viaspacegreenenergy.com. Information contained on our website or any other website is not a part of this prospectus.
Company websites:
Investor Relations:
Executive Offices
VIASPACE Green Energy Inc.
2102 Business Center Dr., Suite 130
Irvine, CA 92612
Tel. (800) 517-6850
Fax. (626) 578-9063
Contact Information
Investor Relations Contact
Dr. Jan Vandersande
Tel: (800) 517-8050
E-mail: ir@viaspace.com
Transfer Agent
Globex Transfer, LLC
780 Deltona Blvd., Suite 202
Deltona, FL 32725
Tel: (386) 206-1133
Executive Management Team
Sung Hsien Chang: PresidentMr. Sung Hsien Chang has served as President and director of VGE since October 2008. Mr. Chang is also the Chief Executive Officer and founder of Inter-Pacific Arts, Inc., a subsidiary of VGE, since 2002. Prior to 1988, Mr. Chang worked at Jun Jung Metal Enterprise in Taiwan. In 1988, Mr. Chang began operations in America by creating JJ International, Inc., an import and trading company. JJ International, Inc. has now been in operations for over 22 years selling indoor, outdoor home furnishing, and home organizer products to retailers throughout the U.S. |
Stephen J. Muzi: CFO, Treasurer and SecretaryMr. Stephen J. Muzi has served as CFO, Treasurer and Secretary of VGE since October 2008. Mr. Muzi is responsible for all accounting, financial reporting, treasury and budgeting activities. He is also responsible for ensuring that proper internal financial controls exist and that procedures are in place to safeguard company assets. Mr. Muzi joined VIASPACE Inc. (parent company of VGE) in 2000. Prior to joining VIASPACE, Mr. Muzi was Corporate Controller of Southwest Water Company, a NASDAQ company with revenues in excess of $100 million. In this position, he was responsible for all SEC reporting requirements as well as Board of Director reporting. He managed the company's line of credit banking relationships, risk management program, internal audit program, income tax requirements and made presentations to investment brokers and analysts. Mr. Muzi was with Southwest Water Company from 1988 to 2000. From 1985 to 1987, Mr. Muzi was a senior auditor with BDO Seidman, a national CPA firm. Mr. Muzi received his BS degree from Rochester Institute of Technology and an MBA from the State University of New York at Buffalo. He is a Certified Public Accountant. |
Board of Directors
Sung Hsien Chang: President
Samuel ChenMr. Samuel Chen has been director of VGE since May 2010. Mr. Chen has been the President and CEO of Global Commerce Bank since February 2007. Mr. Chen has amassed over 25 years of banking experience. In 1987, Mr. Chen co-founded Metro Bank, a New York Stock Exchange listed corporation based out of Houston, Texas. In 1998, he co-founded American First National Bank, and served as an Executive Director until 2005. Mr. Chen is the founder and President of Chen's Financial Group, Inc., a Federal SBA Licensee under the Small Business Investment Act of 1958. He also holds a real estate license in Texas and is actively involved in the management and development of multifamily apartments, franchised hotels, and commercial properties. Mr. Chen is a member and Director of Houston Taiwanese Innkeepers Association, charter founder of Houston Chinese American Lions Club, member and honorary Vice President of Houston Chinese Chamber of Commerce, and a member of the Atlanta Taiwanese Chamber of Commerce. |
SEC Filings: viaspacegreenenergy.com/sec-filings.php
1. Giant King Grass
2. Giant King Grass Pellets VIASPACE Announces Major Upgrade To Produce And Sell Giant King Grass Pellets In Asia.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=74752669
http://www.viaspacegreenenergy.com/biomass-pellets.php
Applications for Giant King Grass:
Biomass Power Plant viaspacegreenenergy.com/direct-combustion.php; Cellulosic Biofuels and Refining viaspacegreenenergy.com/cellulosic-biofuels.php; Bio_Methane viaspacegreenenergy.com/bio-methane.php
1. Inter-Pacific Arts viaspacegreenenergy.com/inter-pacific-arts.php
2. VIASPACE GREEN ENERGY PTE. LTD. viaspacegreenenergy.com/newsreview.php
March 1, 2011
1. PROVIDENT AGRO TO PLANT VIASPACE GIANT KING GRASS IN INDONESIA viaspacegreenenergy.com/newsreview.php
February 9, 2011
2.GENERAL BIOFUELS & VIASPACE TO FORM JOINT VENTURE TO DEVELOP GIANT KING GRASS PLANTATION & 250,000-400,000 TONNE/YEAR PELLET MILL IN DOMINICAN REPUBLIC
February 23, 2011 http://viaspacegreenenergy.com/newsreview.php?id=23&type=pr
3. GIANT KING GRASS TARGETED AS FUEL FOR PLANNED 90 MW BIOMASS POWER PLANT IN THAILAND http://viaspacegreenenergy.com/newsreview.php?id=41&type=pr
November 7, 2011
UPDATE: Giant King Grass Planted for Overseas Customer http://investorshub.advfn.com/boards/read_msg.aspx?message_id=72669994
February 29, 2012
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |