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Great point....Josh is calling for...028 by the end of next week......he said we could bank on it....or something like it.....
and that a pr would be the reason for the rise in price....no worries (play)mates....
GLTA
Who would be the first to know?.......SGCP...
Excellent point....at these prices 1 billion shares is not a lot of money....with an 8 figure deal.....can you say buy back?.....
GLTA.....
I think the market is driving down the pps......as long as VSPC is being TRANSPARENT......and releasing NO NEWS.....it will continue to go down.....
NO second closing.......look out below.....sub penny for sure.....
not saying it won't happen......we will see soon....
GLTA
No problem....from the S-1.....
Following various amendments to the Purchase Agreement, the deadline for the second closing in which the remaining minority interest of 30% of IPA BVI equity holdings would be transferred to us is January 15, 2010 ("Second Closing") unless otherwise extended to February 15, 2010 . At the Second Closing, VIASPACE shall pay $4.8 million ("Cash Consideration") plus Interest (as determined below) since the First Closing, in cash to Chang. Interest on the Cash Consideration shall accrue at 6% for the first six months after the First Closing, and then 18% until June 10, 2009, and then at an annual rate of 6% thereafter. As of September 30, 2009, the entire amount of Cash Consideration due from VIASPACE to Chang was $5.155 million. VIASPACE shall also issue 1.8% of its then outstanding shares of common stock to Licensor. We have complete control of the assets of IPA BVI through our majority ownership position and there is no restriction on the Company’s ability to transfer or capitalize on such assets at any time, including prior to the cash payment due Mr. Chang from VIASPACE.
Under the terms of the Purchase Agreement, as amended, if we do not complete the second closing of the acquisition of IPA BVI (and indirectly IPA China), and if the parties do not make other arrangements, then VIASPACE and Messrs. Kukkonen and Muzi are prohibited from engaging in the grass growing business. No such non-competition clause exists if the second closing is consummated. There are disincentives for VIASPACE to compete against us. VIASPACE will hold a significant amount of our common stock and they will have helped us raise $4.8 million in order to consummate the second closing. VIASPACE also does not have a grass license relationship with China Gate or the original licensor. However, there can be no assurance that VIASPACE will not compete against us in the future. If VIASPACE were to compete against us in the grass business, it could have a material adverse effect on our revenues. It could force us to expend more resources in marketing efforts, thereby affecting our earnings.
The conditions to Chang’s and Licensor’s obligation to consummate the second closing included: (1) representations and warranties of VIASPACE and us remained true at closing; (2) VIASPACE and we complied with the material covenants under the agreement; (3) books and records of VIASPACE were delivered or made available to Chang and his counsel; (4) any necessary third party consents shall have been obtained; and (5) VIASPACE shall be prepared to deliver $4.8 million in cash to Chang. To our knowledge, all of these criteria, other than the cash payment, have been prepared or may be delivered shortly. Management is uncertain when it will be able to raise the cash payment amount.
In addition, VIASPACE, Carl Kukkonen and Stephen Muzi have agreed to non-competition covenants with our grass and framed art businesses upon a failure to close the Second Closing unless otherwise waived by Mr. Chang. Upon such event, we would lose two of our key executives and our connection with our current parent company, VIASPACE.
Under the terms of the Purchase Agreement, as amended, if we do not complete the second closing of the acquisition of IPA BVI (and indirectly IPA China), and if the parties do not make other arrangements, then Mr. Kukkonen and Mr. Muzi, our CEO and CFO may be terminated from our Company as officers and directors. We cannot assure you that we would find suitable replacements.
I could add more....but Carl getting the boot....is an amendment to the original agreement.....WHY?....
My best guess....he hasn't deliver as he promised.....late last summer Chang got tired of the BS from Carl.....
The best way to save VSPC from dilution....Chang steps in....Carl steps out.....this could be a good thing for VSPC.....I'll be watching.....I just can't resist.....a buying opp may come right after a HUGE selloff......
Now if Carl stays....I say that Chang does a 8-10% loan....VSPC has NO MONEY.....Christmas is over....the bills are due.....Chang wants his money.....he might settled for 2 public companies..Carl may just be another mouth to feed...imho
GLTA
Yes we all make choices....you are saying you like VSPC next year.....I will keep watching....my gut tells me...you are probably right for next year....
My strategy....wait....no news and this thing drops.....BIG TIME.....maybe .005 or lower.....
If it hits .005.....your PHONE BILL picks up 3x's the shares.....my point....too early to buy.....good luck with your investment....
I'm really starting to think Chang is about to step up....and Carl is about to step out.....jmo.....we shall see
Good for you....keep holding.....no worries mate....DILUTION is good.....
GLTA
VSPC is the most TRANSPARENT company on EARTH......
You can see right through them......can you say timber?....news better come.....not an UPDATE.....or watch out below.....imho
GLTA
OK guys/gals....cheer up....which deal are they going to announce(if they announce one)?.....If I was a betting man or woman.....my money is on the Tanzania deal....not DP
2nd closing......Chang loans the money at 8-10%...jmo
Y'all need to quit acting like it's over....was it over when the German's bombed Pearl Harbor?
GLTA
Another 20 percent rise....Viva Viagra.....CC contracts coming.....
Right on Right on Right on......
I was joking man...I'm with ya....nice move today....hope the 20 million dollar man/babe? knew something....see ya at a nickel soon.....GLTA...well most of you anyway....
Is that possible...with 2 Billion A/S?.....lol
CC contract coming....GLTA
Not sure what you mean?.....pls explain....thx
Can't find 15c-211
Rule 15c3-1
An SEC rule requiring broker/dealers maintain sufficient liquid assets to satisfy their capital requirements.
GLTA
Stock Alert....VSPC short term target....028
Please purchase stock responsibly......do your own DD
VSPC short term buy....028 target....says JOSH
link available upon request....
This is not intended to be a recommendation to buy VSPC. Please do your own research of Viaspace.
market maker
Definition
A brokerage or bank that maintains a firm bid and ask price in a given security by standing ready, willing, and able to buy or sell at publicly quoted prices (called making a market). These firms display bid and offer prices for specific numbers of specific securities, and if these prices are met, they will immediately buy for or sell from their own accounts. Market makers are very important for maintaining liquidity and efficiency for the particular securities that they make markets in. At most firms, there is a strict separation of the market-making side and the brokerage side, since otherwise there might be an incentive for brokers to recommend securities simply because the firm makes a market in that security.
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Related terms
specialist - A stock exchange member who makes a market for certain exchange-traded securities, maintaining an inventory of those securities
This might help.....
GLTA
Maybe that's the deal they have been working on....and it's finally getting approval....Jan is right....it does not say they have planted.....from the pr....
Located south of the equator in Africa, Tanzania's climate is ideal for growing Giant King Grass, with plentiful rainfall and additional water available for irrigation. According to project plans, up to 3,000 acres will be planted with Giant King Grass, as well as sandalwood. While the grass will be used initially as feed for up to 5,000 head of cattle and sheep, the project group is examining the potential to use the grass as a dedicated energy crop to power an electrical generation plant.
I have said it before, and I'll say it again.....VSPC needs to look at carbon credits.....GKG is ideal in the sense that it gives locals jobs....would create an economy in a poor undeveloped area.....and that's a way to get upfront MONEY....
Remember.....carbon credits are like a pre-payment for SIN....BIG corps are made to feel guilty by ECO-RADS.....pay up BIG COMPANY....and the money is then re-distrubuted to the poor....it's all FEEL GOOD....just a thought.....and a brillant one at that....imho
GLTA
T9F....what I am talking about is the PRIVATE deal you are suggesting that Chang may have selling shares of VGREF.....
My point has been that VGREF will not begin trading without NEWS....imho
That has nothing to do with the second closing......
MM's are the same as Stock Specialist on the NYSE.....the are in essence daytraders.....and the best there is....a good traders watches what the specialist is doing.....not the market....ie when peeps are selling....he is buying.....when peeps are buying....he is selling.....
VGREF is making a PUBLIC offering......with the 900,000 shares....a private deal would be a private deal....with Chang's other shares.....
MY ULTIMATE point is that VGREF is not going to trade at $3.00 just because they have all approvals and can begin trading.....it will take NEWS....HUGE NEWS....for it to trade at $3.00.....a MM might be willing to pay two fitty if he thought it might trade at $3......but maybe I'm misunderstanding some of you guys/gals....you seem to suggest that all it will take is to start trading.....and $3.00 it is.....
IF DP did a $10 million deal....I'm not sure VGREF would trade over fitty cents.....now $10 million a year for 10-20 years.....yeah....you got $3.00.....if DP put in some investment into the GKG structure to insure sucess....maybe more
GLTA.....seriously.....I know you moe flows want to slap me up side the head....if it works out for you...and even if it don't...
We shall see soon.....I'll be here....be gentle
T9F....I agree....lots of HORSE trading behind the scenes...
As far as Chang selling VGREF shares to a private investor....what in the Wide Wide World of Sports are you talking about?
VGREF has been approved to sell about 900,000 shares in an IPO.....Chang and VSPC have tons more shares that they could sell to private investors.....but the IPO is PUBLIC(those 900k shares)....the idea is to not only get some $$$$$$....but show VALUE
MM's aren't going to buy shares for $3.00 if they ain't worth $3.50......I know you guys/gals aren't crazy about Daytraders.....but MM's....on the NYSE they are called Specialist.....these guys are the best daytraders on earth.....
You are right Tommy.....The Dot Coms are a thing of the past.....and MM's bought up shares because they knew they could sell them back for a higher price....immediately
$3.00 a share was the HIGHEST price according to the filing....that's a tall order to open and trade higher for VGREF......unless they have a 10 year deal with DP....or someone like it.....with lots of 000,000,000's....
They may...we shall see.....my guess is the HORSE trading going on is about the second closing.....IF Carl remains....my money is on what Rod(my)man posted....an 8% loan with Chang or something like that....If Carl gets the boot....it's because they have no deals in the immediate future....and VGREF will not be trading anytime soon.....unless Chang is extremely Hard Up for cash......remember....they still have until Monday evening to close the deal.....no time limit on VGREF trading.....even though the VGREF IHUB board is going CRAZY.....this MOD thing is tuff
GLTA
I think that's the wrong question?....The right question is....what DEAL does VGREF have?
Why would VGREF begin tradling without a deal?....
An IPO is generally based on something of value...with NO deal VGREF would be worth no more than VSPC....and even less if you throw in the fact VSPC owns IPA, IONFINITY, and DMFCC.....or at least percentages of them....
Also....Josh is talking about the 2nd closing I believe...not VGREF trading....
But....at least something is about to happen.....
GLTA
It ain't looking good....yet....
Will this thing ever trade?
You got 17 minutes...9-4 Pacific time....
GLTA
Chang wants a DEAL...not a closing....he wants VGREF trading a $3.00 a share....He wanted his nearly 900,000 shares for his family to be worth $20 plus million....the second closing was to provide the another $5 million....what are we looking at?.....another 300 million shares of VSPC at today's price to pay the man for IPA.....and without a deal....VSPC will go lower.....AND Chang would be a fool to begin trading VGREF right now....even with all approvals...
Now Josh.... you and Rod(my)man said that Dr. Jan told you DP wanted to keep GKG under the radar....real hush hush.....they were afraid that the demand for GKG would go up....but that you two felt like a deal was forthcoming with DP.....who needs a stinking live trial?.....
You had other posters who are long saying that....the heck with keeping GKG hush hush....if the demand goes up.....VSPC should benefit....not DP.....
You also said that a pr would be out this week or next and the pps would go to at least .028.....longs want results....and so does Chang.....Carl better deliver....or there will be a chang(ing) of the guard......which could be a good thing.....remember....the getting rid of managment amendments.....were added....after the first extension....
Chang wants his payday....and so do some longs...peeps want results in this fast food lifestyle of today.....you can only kick the can down the road for so long......it gets old after a while.....
GLTA
T9F....who posted anything about Chang selling his shares?.....the 2nd closing has nothing to do with VGREF trading.....
Now I know you have posted before that VSPC could sell some of their VGREF shares and pay Chang.....but the offering that has been announced is for the Chang gang to raise money.....not VSPC.....now if VGREF begins trading and a HUGE contract is announced....and VGREF is doing the $3 thing like you guys hope.....then VSPC could sell some shares....I guess(?)...but that needs to be before next Monday right.....unless we see another extension???????
T9.....I'm just having fun with you bagholders....oopps I mean shareholders.....
Lord knows how this soap opera is going to play out.....we might not see a pr at all.....VSPC just closes the deal.....because of dilution....VSPC might not want to say anything....
VGREF begins trading....and we will see a pr....imho
GLTA
Is another MOU pr being written?......only to have it go by the waste side......again.....OAMOT
GLTA
Is this Carl and bugle boy's last week?.....do they have a deal?....will the 2nd closing occur?.....how will they pay Chang?.....OAMOT
GLTA
U mean the pps of VSPC makes u sick.......
I don't care what anyone says.....
Queen Latifah
Carrie Underwood
The TROOPS
The Flyover
Proud to be an AMERICAN
GAME TIME
GLTA
T9F...you are so right man....I posted misinformation.....
there was no court case in New Jersey
there was no locked 27 million shares
4 directors didn't resign
there was a live trial in which VSPC provided 300 tons of biomass per day
there was a wieght given on the 1st harvest
we do know when the 2nd closing is
we do know how VSPC will pay Chang
and....last but not least....there were pics released of the NEW COMPLETED 20,000 sq ft processing plant.....
Carl was very "effective" in communicating with existing and potential investors.....
thx for the correction...tell Josh to wake up
GLTA
I don't know....the topic is PR campaigns.....some have gone good....some have gone bad....some have gone unauthorized?
T9F...these are all allegations....this was never investigated(that we know of)....by the SEC.....so be careful of further allegations.....
It's curious the locking of 27 millions shares.....even though we all know that VSPC did NO wrong......nor has NEVER done any wrong....even though they paid over $600k to YA Global....
Reminds me of Bill Clinton....who paid Paula Jones over $800k....even though he did NO wrong....
This has been a great topic that Josh brought up....
GLTA
Remember VSPC did NO wrong.....
VIASPACE Press Release
VIASPACE RESPONDS TO NEWS ARTICLE
04/10/2006
VIASPACE RESPONDS TO NEWS ARTICLE
PASADENA, CA.— April 10, 2006—VIASPACE Inc. (OTCBB: VSPC) today issued a statement in response to an article appearing in the April 10, 2006 issue of Barron’s Weekly. VIASPACE stated that the article contains material misstatements of facts and relies on unfounded innuendo related to stock promotional activities. The company disavows, and has previously publicly disavowed, the unauthorized stock promotional activities referred to in the article. The Company reported these activities to the Securities and Exchange Commission in 2005. The Company also posted a management response to such spam emails on its web site in 2005.
“VIASPACE is very concerned about unauthorized stock promotion activities. Stock manipulators are hurting our company,” said VIASPACE CEO Dr. Carl Kukkonen. “We are angry about the Barron’s article, and firmly believe the company has done nothing wrong.”
“We informed the Board of Directors about the allegations, and have accepted the resignations of the nonmanagement directors. We thank them for their service and support.”
yet 4 people resigned.....GLTA
More PR campaigns...or were they?....from the 8k 4/20/06
VIASPACE was recently the focus of an article in Barron’s which included various allegations including that the Company’s stock had been subject to aggressive and costly stock promotional activities, including a SPAM email and facsimile campaign, and that the company’s largest non-management shareholder, SNK Capital Trust (“SNK”), had questionable ties.
“VIASPACE did not authorize, or pay any fees, for the promotional activities outlined in the Barron’s article and has taken deliberate steps to disavow these activities,” Dr. Kukkonen said. “Our efforts included formally notifying the Securities and Exchange Commission about the unauthorized spam and facsimile campaign and posting a disclaimer on our website. A newspaper insert last August touting our stock was placed without our prior knowledge and consent and the analyst quoted in the circular was not compensated by VIASPACE.”
Dr. Kukkonen added: “VIASPACE is working aggressively and responsibly to limit any further unauthorized promotion of its shares.”
VIASPACE announced last week that SNK voluntarily agreed to extend the lock-up of its 61,204,286 shares for five years until April 9, 2011. This represents 21% of the outstanding shares in the company. These shares previously were restricted until June 22, 2006 under SEC rule 144.
VIASPACE founders, executive officers and others own 176,445,000 shares (60.5%) which are restricted under SEC rule 144. In addition, 27 million shares held by four shareholders have also voluntarily agreed to lock-up their shares for five years until April 9, 2011. Of the 291,649,286 shares which are outstanding, only 27 million (9.3%) are free trading.
I can hear the pumpers now.....SNK has a questionable past.....I don't question that....
27 million shares lock up until next year?... that's why Barron's wrote the article....imho.....no matter what VSPC says.....or any pumper here.....GLTA
T9F...take a chill pill...you asked about cout cases....I provided info....then you rebut...then I respond brillantly by saying.....you asked about court cases....I provided info....
then you say it was a syntax.....then you want to talk about the settlement.....Have you and Josh been having a RED BULL party?....
I haven't done the EXTENSIVE DD that you have on VSPC......
I have done some DD....this is what I've found....
VSPC charter articles call for NO appearance of conflict of interest....VGREF's allow for conflict....
VSPC said a live trial with DP CleanTech would be done by the end of 2009.....to date....we do not know if that occured....or why it did not....
VSPC's Director of Communications.....claims to communicate with the dead.....and sees flying trumpets in dark rooms....among other things....
I have been watching VSPC since Sept.....you pumpers have been relentless about VSPC's transparency....yet there are more questions than answers.....how many tons was the first harvest?.....when is the second closing?.....how do they intend to pay?.....can they pay?....they have announced closings days before they happened in the past....if they don't know when the 2nd closing is going to take place, how will they know when to go to the closing?...and that's just a few questions.....they are many more....
this soap opera is interesting.....can't wait to see how it turns out...
GLTA
T9F...I was responding to Josh...he said he thought a PR campaign was in the works....I only ask some questions about how the campaign might work out....not Gen Clark....you are trying to change subjects....again.....here's another pr campaign from VSPC from some time back.....
SmallCapStockWatch.com Spotlights Price Target for VSPC of $2.05Market Wire, October, 2006
12Next ..VIASPACE Inc. (OTCBB: VSPC), a company dedicated to commercializing proven technologies from NASA and the U.S. Department of Defense, today has filed a patent application on its concealed explosive device detection technology with the U.S. Patent and Trademark Office. The patent adds to previously filed VIASPACE patents on detecting items concealed under clothing.
Now Josh brought it up....and he brought up the fact that VSPC has a history of paying for these campaigns with shares.....just like you brought up COURT CASES....Is this not open for discussion....on the VSPC discussion board?...aren't you the asst. mod?
Now I understand you are a little uptight about this coming trading week....I know that to date VSPC has not really delivered as some would have hoped....but please stay on topic...and relax....
OAMOT.....GLTA
T9F...you said you were NOT aware of any court cases.....again....you are welcome...
I only gave you info you posted you were not aware of....
The other peebles I am still working on....prison records are going to be tough......not everyone talks in prison....as you might know.....
The SEC investigations....to date I have found none...only that Carl withdrew a registration VSPC had made....seems the SEC wanted more info....that VSPC couldn't/wouldn't provide...you didn't ask...I didn't provide the info....
Now you can post about YA Global tactics if you want....your statement was about you not knowing about court cases....I just provided the facts that you posted you were not aware of....this was a civil action.....VSPC settled the civil action.....I only wish to provide you with info.....
OAMOT.....GLTA
Did your DD bring you to this T9F?.....
Settlement Agreement
Effective Date: September 08, 2008
Parties: Viaspace
Sectors: Media
Governing Law: New Jersey
Exhibit 10.1
SETTLEMENT AGREEMENT
THIS SETTLEMENT AGREEMENT (the " Agreement" ) is made as of the _8 day of September, 2008 by and between YA Global Investments, L.P., formerly known as Cornell Capital Partners, LP (" YA Global" ), Viaspace, Inc. (" Viaspace" ) and The Nevada Agency and Trust Company (" NATCO" ) (collectively, the " Parties" ). Intending to be legally bound, the Parties hereby stipulate and agree as follows:
RECITALS
A. YA Global and Viaspace are parties to the action captioned YA Global Investments, L.P. v. Viaspace, Inc. and The Nevada Agency and Trust Company , Superior Court of New Jersey, Civil Action No. C-61-08 (the " Action" ).
B. In the Action, YA Global alleged that: (i) Viaspace and YA Global entered into a business arrangement in which YA Global agreed to purchase stock from Viaspace (the " Transaction" ), and as part of the Transaction, YA Global received five (5) Warrants to purchase 5,775,000 shares of Viaspace common stock (the " Warrants" ); (ii) Section 8 of each of the Warrants provides that the number of shares available for purchase (" Warrant Shares Issuable" ) and the price per share (" Warrant Exercise Price" ) will be adjusted if Viaspace issues or sells any shares of common stock at a price less than the Warrant Exercise Price; (iii) Viaspace made offerings of its common stock that implicated Section 8 of the Warrants and, consequently, affected the number of Warrant Shares Issuable and the Warrant Exercise Price; and (iv) Viaspace refused to acknowledge either (a) the new number of Warrant Shares Issuable; or (b) the adjusted Warrant Exercise Price as a result of the offerings of its common stock; and (v) NATCO had a separate obligation to issue the Warrant Shares to YA Global upon a properly completed and duly executed Exercise Notice, yet refused to deliver the requested shares of Viaspace common stock.
YA Global asserted claims for breach of contract against Viaspace and NATCO seeking specific performance and damages. Viaspace and NATCO have categorically denied and continue to deny any and all liability related to the claims asserted in the Action.
C. In order to avoid the expense and inconvenience of litigation, the Parties desire to completely and forever settle all of their disputes in accordance with the terms and conditions set forth herein.
NOW, THEREFORE, in consideration of the mutual promises contained in this Agreement, and other good and valuable consideration, the receipt of which is hereby acknowledged, and intending to be legally bound, YA Global, Viaspace and NATCO hereby agree as follows:
1. Payment to YA Global; Reservation of Shares . Viaspace shall issue to YA Global the sum of Twenty Two Million Five Hundred Thousand (22,500,000) restricted shares of Viaspace Common Stock (the " Shares" ) which shall be received by YA Global on or before that date which is the 7th business day hereafter the date in which this Agreement is signed by all the Parties. No cure period shall exist for the tendering of the Viaspace Common Stock referred to herein this paragraph. Failure to deliver the Shares in accordance with this paragraph 1 shall render this Agreement null and void. So as to provide for the provisions of Section 4 hereunder, Viaspace shall at all times for a period of one (1) year hereafter execution of this Agreement reserve an amount of common stock restricted shares in its total authorized shares, not issued or outstanding, equal to the amount of the Shares so as to facilitate any penalty that may arise in the form of Cure Shares as defined in Section 4 hereunder, if any.
2. Removal of Restrictive Legend on the Shares . Viaspace and NATCO agree to provide any and all lawful cooperation to facilitate YA Global' s resale of the Shares into the public markets free of legal restriction. Specifically, Viaspace and NATCO shall, at the sole election, and upon request by, YA Global:
(A) join in YA Global' s application, pursuant to Section 3(a)(10) of the Securities Act of 1933, as Amended (the " Act" # , to a court with proper jurisdiction #" the Fairness Hearing" ) seeking a ruling that declares that (i) the restrictive legend relating to the Shares may be removed pursuant to Rule 144(b)(1) promulgated under the Securities Act; and (ii) the Shares may be transferred by the Shareholder without compliance with the registration requirements of the Securities Act; Viaspace agrees to provide any and all lawful cooperation to facilitate YA Global' s disposal of the Securities pursuant to this provision, including, if necessary, supporting YA Global in its' obtaining legal opinion(s), within three (3) business days of a request by YA Global, to dispose of such shares pursuant to Section 3(a)(10) of the Act. If Viaspace fails to support YA Global as required or within the time frames hereunder it shall be deemed to be a default of this Agreement; or
(B) assist YA Global in its obtaining valid legal opinion(s) of counsel (the " Rule 144 Opinions" ), as many as required for YA Global to fully dispose of the Shares, acceptable to NATCO or any reasonable transfer agent retained by Viaspace at the times of presentation regarding the Shares stating: (a) the restrictive legend relating to the Shares may be removed pursuant to Rule 144(b)(1) promulgated under the Securities Act; and (b) the Shares may be transferred by the Shareholder without compliance with the registration requirements of the Securities Act. The failure of YA Global to obtain an order from a court as set forth in Section 2(A) above, or to obtain the Rule 144 Opinions occurring solely as a result of its failure to receive valid legal opinion(s) from legal counsel (and only after YA Global' s exhaustion of good faith, commercially reasonable efforts to identify proper counsel capable of providing such an opinion), shall trigger the default provision of Section 4 hereunder.
3. Representations and Warranties of the Parties. YA Global hereby represents and warrants that it has now and at all times retained possession of the Warrants and at no time has assigned, transferred, sold or hypothecated the Warrants (or the shares underlying the Warrants).
Viaspace hereby represents and warrants to YA Global that the " shelf" registration statement filed under Form S-3 and declared effective by the Securities and Exchange Commission on June 12, 2007 is no longer effective, and that the Share are not eligible for resale thereunder by YA Global. Viaspace represents and warrants that it is currently subject to the reporting requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934. Viaspace represents and warrants that it shall ensure that it remain current in its obligation to file timely periodic reports with the Securities and Exchange Commission (" Reporting Status" ), so as to, among other things, permit the resale by YA Global of the Shares as contemplated under this Agreement.
4. Events of Default; Cure Methods and Timing; Penalties.
(A.) The failure of (i) YA Global to receive an order from a court as described in Section 2(A) above; or (ii) YA Global to receive a valid legal opinion as described in Section 2, above, (resulting only after YA Global has engaged in a reasonable and good faith effort to find same from a competent attorney); or (iii) Viaspace to remain current in its Reporting Status, as defined above, shall constitute a material default under this Agreement (" Event of Default" ). Upon the occurrence of such an Event of Default, YA Global shall immediately and within five (5) days of discovery of such Event of Default, notify Viaspace in writing of such occurrence and indicating the amount of the Shares unsold by YA Global at that time (" Default Notice" ).
In case you missed it....
A. YA Global and Viaspace are parties to the action captioned YA Global Investments, L.P. v. Viaspace, Inc. and The Nevada Agency and Trust Company , Superior Court of New Jersey, Civil Action No. C-61-08 (the " Action" ).
That is referred to a court action....you said you were not aware of any court cases.....now you are....you are welcome...
You refer to a PR campaign.....
My GUESS is we will see a huge PR campaign which has already been paid for with stock. Mostly what we have seen recently has been news articles and press releases sent to newspapers and magazines which cost little to nothing. Now I believe we will be seeing things comin out of the Green Baron and the rest of the stock touting services. My OPINION is they will do everything possible to drive the stock price above $5 and then have Cohan comeout with another report saying that VSPC net worth is in the hundreds of millions of dollars.
Do you think it will bring the desired result?....or will this happen....like before.....
One Page Barron's Summary
Highlighted companies: ViaSpace (OTCBB: VSPC)
Thesis: Retired four-star general and former presidential candidate Wesley K. Clark joins the board at ViaSpace, an OTCBB stock with very questionable management and operations. Wes Clark resigns his directorship two weeks after signing on. ViaSpace appears to be involved -- to the tune of over $500,000 -- in fees with various penny stock promoters.
Quick comment: As is typical for OTCBB scams from 2006
Seems VSPC has a history of paid pumps.....except for you
Wonder if there will be any other resignations?....GLTA....OAMOT
T9F and George....it's flattering that the two of you chose to spend your Saturday night sending me post.....is it any wonder where ideas like the "Popsickle Party" come from?
As for Dr. Jan(bugle boy) running the company....I've never said he did...you were the one with the pyscho babble.....and yes I have posted about him being a CEO before.....
Jan W. Vandersande Ph.D., talks about some of the best evidence for life after death. He has based this evidence on his own experiences which include sittings with trance mediums and channelers,
and also sitting quite regularly over an eight year period in a circle in which he witnessed physical phenomena such as trumpets flying around the séance room, direct voice and ectoplasm. All his experiences are described in detail.
Additionally, three of his close friends witnessed full materializations numerous times and one of them, Professor Jack Allen, photographed ectoplasm coming from the medium as well as two full materializations. These four photographs are shown in the book.
His experiences have made it possible for him to critically read a lot of the existing literature on psychic phenomena. He has cited numerous cases, which he believes are genuine and are some of the best evidence for life after death. These cases come from channelers, trance mediums, direct voice and materialization sittings.
To order his book:http://outskirtspress.com/bestevidence
Dr. Vandersande. received his Master of Science. in Physics from Cornell University and his Ph.D. in Physics from the University of the Witwatersrand, Johannesburg, South Africa. He an Assistant Professor at the University of the Witwatersrand and then a visiting Associate Professor at Cornell University. Before working at the Jet Propulsion Laboratory (JPL) --a part of Caltech/NASA--for eleven years, he was a stock market analyst at the brokerage firm Rodman & Renshaw in Chicago for a year.
At JPL he was a Technical Group Leader and worked on power sources for space applications. After leaving JPL, he was the President & CEO of the AMEX listed company Mountain Province Diamonds Inc. for eight years. Currently he is the Director of Communications for the Hi-Tech company VIASPACE Inc. and spends most of his spare time reading and writing about psychic phenomena. He has had over 80 scientific articles published in scientific journals and conference proceedings and has three patents.
I'm just wondering if you 2 were in a circle as well?....
I don't think that people need to look at Dr. K only if they want to invest in VSPC....look at the people Dr. K hires as well. As far as reading Dr. Jan's(bugle boy) book....I've never read it....wouldn't buy it.....and all the quotes are from interviews he has had....anyone can google it....
Thx again sending me some post last evening.....do you agree with Josh about the pps going to .028 with the next pr?.....you 2 can discuss that....then answer back.....when he wakes up....let him sleep for now.....
GLTA
T9...you been hanging with bugle boy too?.....what's this reverse pyschology talk?...next thing we know...you'll be seeing trumpets flying........from a Dr. Jan interview.....
Would you mind summarizing those eight years of observing Mickey and Sara Wolf?
“My wife Marlene and I met Mickey and Sara Wolf in 1970, when they were in their late 50’s. Up until then we had had sittings with several channelers, trance mediums and in a development circle, but we never really received any evidential messages. In our first sitting with Mickey and Sara we experienced trance mediumship, direct voice and trumpets flying around the dark room. We became very friendly with Mickey and Sara and initially would sit with them every two to three weeks for a few years, then every two to three months and then, as they got older, every several months. Every time we sat with them their main guide (control), Brian, would speak through either Sara, who was in trance, or through the direct voice. His characteristic voice was always the same and easily recognizable. Also, the trumpet, with luminous spots on it, flew around the totally dark room quite rapidly, up to the ceiling then to the walls and then slow down and gently touch each of the sitters (usually between four and eight) on the knee or on the head. (It is impossible to do that in the dark without bumping into chairs or sitters. Try it. There is no way any magician can do that, even though many claim they can. I challenge them to do it!!). We also had what were called Christmas sittings every December for the first few years. During those sittings (which were held in the total dark as were just about all their sittings) ectoplasmic spirit children played musical toys that had been placed in the center of the circle and also unwrapped presents (which were also in the center of the circle). Then the children would touch the sitters who could feel the small fingers and hands. I had my pants pulled several times by what felt like a small hand but I never felt the small fingers. However, my wife did feel them. These experiences I have just described were the highlights of sittings with Mickey and Sara. They never charged for their sittings and they were never suspected of fraud or caught doing anything suspicious.”
VSPC went out of their way to get this Dir. of Communications, huh?....glta