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Agreed.
Anything the gummint touches goes to poo.
Doubtful that the US Gummint got involved here.
Obama took a good roasting for using taxpayer funds to give grants to renewable energy companies, only for the company to go bankrupt.
I seem to remember Trump bringing that up in the 2016 debates. I doubt the Gummint is going to be involved any more that they already are (which isn't much, if at all).
Whoa whoa whoa...
Great news, Grunt.
If what you say is true, the company is currently in a top secret quiet period pending financing news.
Now is the time to buy shares as we will never see them this cheap ever again!
They have issued long term incentive stock options to most of management and board of directors.
Hopefully that motivates them to make some big money!
Closed at .047.
You may get your wish!
Remember this from everyones favorite blog post:
hahahahaha everything better after a R/S?
No, everything WILL NOT be fine.
A R/S just allows the process to start over from scratch.
Watch and see!
134,000 shares traded today.
80,000 of which were bought right after market open. Which is interesting as there was no news out.
Nice to see.
Schewe gives Carl $5,500 in exchange for 14,784,946 shares of VSPC stock at a price of $0.000372 per share. (80% discount)
Watch it blow!
May apply?
Out of the loop has been preaching for 12 years - with no results, no proof.
May be out of the loop is putting it nice.
Mark Smith has already established himself as the "Exaggerator in Chief".
That part is undeniable.
fake NEWS are coming
That is good reading. Thanks for the post.
Exactly.
Thanks, but you are off-topic. Mods?
What does your link have to do with Nebraska government? Absolutely nothing.
Because the State of Nebraska doesn't loan money to any private company. They never have and they never will.
Fact.
You're welcome.
The State of Nebraska government will not finance any part of this mine. Maybe some kind of tax incentives, but it will not loan, grant, give or invest in the creation of, or operation of the mine.
None. Zero. Zilch. Nada. Nothing.
So instead of growing the fake business, the shareholders pay Schewe to write a book that VSPC won't see any revenues from, since he held those rights from the purchase of his Bad Love/Bad Business Cosmetics company.
I've been to the Lost Valley ranch before on my trips to Colorado. I'll keep my eye open for the "elite therapeutics" brand room amenities.
More fake news about GKG Asia. No proof, no pics, no nothing to verify.
And they are growing fake weed in Southern California...yeah....right.
Sheeple getting fleeced all the time!!
Surprised?
It takes a long time to cook up a decent work of fiction to fool the sheeple.
Owners have converted the loan to shares. Company no longer has any debt/interest payments to Mr. Minnick & Salem.
This will help profits & revenues going forward. Great news!
But...there's a giant cup and handle forming that going to make us all rich! Better get some cheap shares as we wont see share prices this low ever again!
lol
Yeah, the chart is pretty dead.
Opposite day?
Closed at .0013
The sheeple's "company" DOWN .0011 on 6,000,000+ shares.
Watch it drown!
Schewe buys MORE discounted stock!
https://www.sec.gov/Archives/edgar/data/1270200/000156459019022453/vspc-8k_20190610.htm
Gives $25,000 to Carl in exchange for 54,716,568 shares of stock at a common stock price of $0.0004569 per share.
Automatic gain (on paper) of approx $75,000 to Schewe.
They had the annual meeting on Tuesday, June 11. They were supposed to vote on a number of issues, including Performance pay plans/bonuses, and new board members.
Results should be out either today or tomorrow.
I didn't get to attend the meeting this year. Hopefully next year.
You're. It's you're. "You are". Not 'your'.
I'm quite in the loop, thanks. Have been for about 10 years now.
Prove me wrong. With proof.
10-Q Released!
Losses, losses, losses.
Another share purchase agreement with Haris Basit.
4.7 billion shares outstanding now.
The Elite Therapeutics purchase hasn't done squat!
Big surprise.
Too many zeros.
And NOT in a good way.
Geeeeeeezzzz...3 weeks late on the 10-Q.
Their accountant must have worked for the IRS - they can't do anything right!
One thing from everyone's favorite blog post that is true, is that Mark has a habit of giving exceptionally optimistic projections.
So, I take all of his projections with a exceptionally large grain of salt.
That's the only thing I don't like about Mark.
When has Carl, Schewe or anybody done anything to benefit the shareholders?
Answer: Never. They only do things that benefit themselves.
From the 10-Q:
"The Company’s overall investment philosophy is reflected in the allocation of its investments. The Company emphasizes investment grade debt securities and policy loans. The Company has modified its investment strategy to purchase larger position securities with increased yields and plans to invest in mortgage loans in the future. The duration of our new investments will be less than ten years for the majority of those investments. The 1505 Capital company that we acquired a 51% ownership in on April 2, 2019, will be providing investment and management services to the Company going forward subject to NDOI approval."
This will be good for the bottom line. More income!
https://www.sec.gov/Archives/edgar/data/355379/000120677419001768/midwest34852815-10q.htm
Ugh.
He'll do the same thing Carl did. Take over a fake company, create a bunch of spiffy sounding fake news releases, give himself "bonuses" of free shares of stock, sell said shares to the sheeple who read the spiffy sounding fake news releases and buy said stock, hoping for a HUGE return!
Carl did it to the tune of $55,000,000 over 15 years. Bought him and his wife a vacation home in Nicaragua, bought investment property for himself and his kids & grandkids, traveled all over the world on the shareholder dime using the excuse of "business trips". Not to bad of a part time gig, you know, as long as you avoid SEC attention.
He won't take a financial loss.
He's in the green. Means he's in the profit column buying shares at an 80% discount. If he reverse splits, he's still in the green! You, I, Hystart, Rodman and many other sheeple, will all be further in the RED!
"Loan" the company money? LOL
He bought the clean shell from Carl. A publicly traded shell company that has a clean history (no convertible preferred shares) are expensive.
How has Carl gotten away with selling all these years without filing? Hard to say. Carl taught Kevin along the way.
Kevin has been the majority shareholder for a long time. He owns the preferred share, which gives him 50.1% voting rights. You could buy every share issued by Viaspace (all 4+ billion of 'em) and Kevin would still have 50.1% control due to the one preferred share.
Kevin, on paper, is in the green right now to the tune of about $10,000,000+ with all the discounted shares he has PURCHASED according to my calculations & spreadsheet.
I don't know anything about it. Just gave him the definition of what a DTCC 'chill' is.
Couldn't find anything on the DTCC website, so I'm not contacting anyone.
:)
https://www.investopedia.com/terms/c/chill.asp
Usually never a good thing.
Heading to Colorado for some well deserved R&R.
Hope nothing important happens while I am gone...you know like SEC shutting down VSPC due to the investigation that Rod says is on-going.
That'd be a shame if I didn't know Carl was going to jail!
Peace out. Until next week.
10-Q is out. $25 million in MYGA (new product) sales. $1,000,000 in income in 1st quarter.
I am pleased. Company is making good strides and needs to keep the sales & income growing.
I will be adding some shares.