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A boogie man is an understatement....from the latest filing
The value paid by VIASPACE and VGE for the acquisition of IPA BVI and IPA China was $15,832,000. The IPA BVI and IPA China net assets acquired totaled $3,003,000. The excess of value paid for the acquisition in excess of net assets acquired is recorded on the balance sheet of VIASPACE and was assigned to: grass license - $507,000 and goodwill - $12,322,000.
you posted previously.....
Posted by: joshgets46 Date: Saturday, January 02, 2010 11:23:30 AM
In reply to: rodman who wrote msg# 5044 Post # of 5431
I believe we will see both within two weeks and something abou additional DP locations.
In response to this post....
Posted by: rodman Date: Saturday, January 02, 2010 10:14:09 AM
In reply to: joshgets46 who wrote msg# 5043 Post # of 5431
Could it be the SEC filing of 12/31 is the VGE-DP Clean Tech stock purchase followed by a contract announcement. Hope so.
To date nothing has come out of the IPA deal....I don't mean there aren't rev's....but check this....
If the Second Closing has occurred but if Registrant common stock is not listed on a trading market by January 15, 2010 (or February 15, 2010 if this registration statement is declared effective prior to January 15, 2010 ) , then VIASPACE will issue to Chang the number of shares of its common stock equivalent to US$5,600,000.
You and the other posters went out of your way to say that DP was a done deal....GKG real hush hush
Posted by: joshgets46 Date: Thursday, January 07, 2010 11:52:32 AM
In reply to: bigdaddyc25 who wrote msg# 5210 Post # of 5431
BigD-I personally spoke to, and so did Rod, Dr Jan on this matter. He said DP accepted the lab tests so there most likely will not be a PR. He said they did not want to make a big deal about it as GKG is gettng so much attention and there is only so much to go around. Please feel free to call Jan to confirm this for yourself so we can put another distraction to rest.
now this....
Posted by: rodman Date: Friday, January 15, 2010 3:42:12 PM
In reply to: justarookie who wrote msg# 5406 Post # of 5431
Dr J stated to me today that he was not aware of the issuance of a trading symbol. He also stated the process required depositing Mr Changs certificates with a depository. He also stated it is only a matter of time before Samsung rolls out DMCF laptops and that we were definately a part of their plans. GKG required DP Clean Tech be convinced the land is avialabile and that planting will produce needed quantities for their purpose. He was once again not specifice as to time fram "Whats New" so as usual staed the matter of timing was confidential. JMO OAMOT Long and STRONG!
rodman
You and another poster suggested that a DP deal was imminent....those aren't the only post....why would VGE trade now with no contracts?...if it does...look out below....if it doesn't....at 2 cents...Chang gets 280 million shares....if that's how he is paid....the stock will trade much lower....I say Chang is looking at a half a billion shares easy if that's the case....why wouldn't folks be concerned about dilution?.....you never discussed it before....now you post it's a part of doing business....NOT if you have the thing of value.....like GKG...and all VSPC and posters claim it to be....you know dilution is coming...and so do others....dismiss it if you wish....others won't...and rightly so...imho.....GLTA
Can you elaborate on why the VGE shares would go fast?.....you have suggested in other post that DP is waitng for more land to be acquired....doesn't sound like a HUGE deal is in the works when the offering is announced.....this is what you posted earlier......
Posted by: rodman Date: Friday, January 15, 2010 3:42:12 PM
In reply to: justarookie who wrote msg# 5406 Post # of 5423
Dr J stated to me today that he was not aware of the issuance of a trading symbol. He also stated the process required depositing Mr Changs certificates with a depository. He also stated it is only a matter of time before Samsung rolls out DMCF laptops and that we were definately a part of their plans. GKG required DP Clean Tech be convinced the land is avialabile and that planting will produce needed quantities for their purpose. He was once again not specifice as to time fram "Whats New" so as usual staed the matter of timing was confidential. JMO OAMOT Long and STRONG!
rodman
it seems to me....if no deal is announced along with the offering that the pps for VGE would tank.....why buy VGE at $3.00 (LOL) when you can buy VSPC at 2 cents.....
the only reason to offer VGE with NO contracts forth coming is this.....from the latest filing...
If the Second Closing has occurred but if Registrant common stock is not listed on a trading market by January 15, 2010 (or February 15, 2010 if this registration statement is declared effective prior to January 15, 2010 ) , then VIASPACE will issue to Chang the number of shares of its common stock equivalent to US$5,600,000.
with NO contracts....why offer VGE at this time.....seems to me it would be a drag on the pps of VGE....and only to cause less dilution for VSPC would be the motive to list it now....imho
I'm not sure what you (jan) means..... go fast....thx....and GLTA
I agree that ethics plays a role in the great (or not so great) debate about VSPC, but who is the JUDGE?....you had folks posting earlier today about the VGE ticker symbol....
It is done check it out baby it is on pinksheets,
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=VGREF
that was done by someone who has posted before that he is long VSPC, but was probably a little too anxious to post.....before getting all the facts......
Last night I was posting with someone, and we got our wires crossed terribly about 2 lab test, and had folks suggesting things that turns out, I wasn't posting. Was this poster being unethical?....that's not my call....is it yours?
Was the poster from earlier being unethical?.....are you the JUDGE?.....
Some may be asking serious questions and looking to invest in VSPC.....you got posters predicting .12 for January....others .10 for EOY....just their opinions...right now it's a 2 cent stock
You've got VSPC longs thinking GKG is the next great discovery....
that's fine.....that's yet to be determined.....If it turns out that it's not....were they unethical?......
VSPC has three techs including GKG.....very little rev's....lot's of potential....lot's of RISK.....
Seems motives here are simple....make money...that's why that poster was a little pre-mature with his post....he wants this stock to skyrocket....he wants MONEY.....he's a capitalist.....and I think that's about as nice a thing as you could say about someone....but who am I to JUDGE?....that's just my humble opinion....relax longs....VGE is coming...or not...we shall see......what's ethical is what you do when it does...or doesn't....glta
A few weeks?.....A positive effect on price?.....Can't wait until the end of 2010.....glta
Thx for the dates on the test...I had suggested earlier that DP got the results prior to the release and that the next step according to the MOU and the press release was the live trial....
you confirm my point.....
It was suggested on this board (and is still being suggested) that a second test showed results so good that no live trial was neccessary.....yet when VSPC released the DP pr....the second test was already done according to your own dates and the pr...
The next step included under the MOU will be to carry out a live trial to examine the efficiency of Giant King Grass in one of DP CleanTech's existing power plants by the end of 2009.
VIASPACE will deliver at least 300 tons of biomass every day to supplement the trial.
Now if you had a test in Aug...and one prior to the pr above....the next step was still the live trial....then nothing changed.....only the higher energy content from DP tests than the previous in Aug.....the LIVE TRIAL was still announced by VSPC....the second test results were in......I didn't put together the HYPE of some posters saying GKG better than DP thought....real HUSH HUSH.....DP doesn't want the word to get out about GKG......I got the impression from the hype....that the second test was after the 9/14 release......not before....as you brillantly post.....
If that were the case (if the hype were true)....the 9/14 pr would have said something like this.....the next step according to the MOU was to be a live trail.....BUT THE RESULTS WERE SO AWESOME....we don't need no stinking live trail.......but it didn't read that way, now did it....after the second test...there was still going to be a live trial.....
I STAND BY MY PRIOR POST.....
Now as for the pellets.....aren't we waiting for that analysis....from the 10/5 pr......
"As discussed in prior announcements, independent analysis of Giant King Grass has shown it to have excellent energy content and confirmed its suitability for burning in electric power plants," Kukkonen continued. "With this in mind, VIASPACE has produced a prototype of the pellets for evaluation.
Carl is suggesting that test from those which looked at electric plants being fueled by GKG......led VSPC to produce pellets for coal(?).....haven't we seen pellets for sale from IPA.....yet we haven't seen pellet analysis.....or has anyone seen the results....AFTER 10/5
Clear as mud to me.....I guess the dust starts settling here soon.....GLTA and thx again for the dates....
Yes I do have questions.....where do you get 2 lab test?...pls post links or copy/paste....I've seen other posters post that....I've referenced other posters saying that...but never seen the so-called 2 lab test you refer to...
What I read in the pr I refernced was Carl pointing to the test done by DP.....which is in the S-1...latest filing
On September 2, 2009 our parent company VIASPACE and we signed a non-binding Memorandum of Understanding (“MOU”) with DP Cleantech Co. Ltd. of Beijing China, a subsidiary of Dragon Power. Pursuant to the Memorandum of Understanding, the parties agreed to (i) review the potential of running DP’s power plants solely with Giant King Grass or in combination with agricultural waste; (ii) investigate of suitable areas to grow Giant King Grass and co-locate a new power plant; (iii) and burn significant quantities of Giant King Grass in an existing DP Cleantech power plant. As part of their due diligence, DP Cleantech commissioned an independent analysis of Giant King Grass by the China National Center for Quality Supervision and Test of Coal which confirmed that Giant King Grass has an energy content of 18.4 megajouels (MJ) per dry kilogram (4402 kilocalories (kcal) per kilogram). DP Cleantech declared Giant King Grass suitable as a renewable feedstock for generating electric power in their power plants.
Now notice from the pellet pr 10/5....the above statement was first filed 10/15....I see Carl referencing the same testing below....
VIASPACE Chief Executive Dr. Carl Kukkonen commented: "Co-firing with biomass pellets is probably the simplest and least expensive way to reduce the carbon emissions from coal-fired power plants, because it can be accomplished by modifying existing coal plants, and not replacing them. Alternatives such as carbon dioxide capture from the smokestack and storage underground are considered much more expensive and not expected to occur for many years. As a result, co-firing with biomass pellets is now being implemented in Europe.
"As discussed in prior announcements, independent analysis of Giant King Grass has shown it to have excellent energy content and confirmed its suitability for burning in electric power plants," Kukkonen continued. "With this in mind, VIASPACE has produced a prototype of the pellets for evaluation.
"As discussed in prior announcements,"....what prior announcement?...this pr is 10/5....the filing is 10/15....the only brief mention of analysis is for GKG in a release is this from the DP pr on 9/14....which states the next step is the live trial...which I read....the test was already done.....
Based on the Giant King Grass analysis to power just one 30-MW plant, would require about 600 tons of Giant King Grass per day, or 219,000 tons per year.
The next step included under the MOU will be to carry out a live trial to examine the efficiency of Giant King Grass in one of DP CleanTech's existing power plants by the end of 2009.
VIASPACE will deliver at least 300 tons of biomass every day to supplement the trial.
also notice Carl is saying based on testing done for electric plants....
"As discussed in prior announcements, independent analysis of Giant King Grass has shown it to have excellent energy content and confirmed its suitability for burning in electric power plants," Kukkonen continued. "With this in mind, VIASPACE has produced a prototype of the pellets for evaluation.
they are going to make pellets for coal....based on testing for electric plants....."with that in mind" says Carl.....
I understand DP is BIOMASS.....Carl is the one making it confusing along with you guys saying 2 lab test were done....one poster said yesterday that the pics in the GKG presentation show it to be more than a lab test....suggesting a live trial.....that was the point of my post.....this board seems to be all over the place....I'm trying to do my DD.....
VSPC could be transparent and clear all this up...why announce a live trial.....and not follow through?....I appreciate your posting....and I agree on the following
GKG was found more energy potent in lab testing
DP has only BIOMASS plants
Pellets are for coal plants
I do not agree that Carl is being straightfoward.....or that 2 lab test were done...they may have....how do you know?...(pls post)..and that was why the live trial was called off because 2 lab test confirmed no need....a live trial would ONLY CONFIRM the lab results....if they were so good...you would NOT skip a chance to prove what you think you know....I believe VSPC didn't have the grass.....or the next step in the MOU was called off by DP.....IMHO....80% efficiency not good enough...
Thx for your post....looking foward to hearing from you again....
and pls copy/paste whatever you can....
GLTA....
Let me guess.....you won't be bothered to read my whole post....just a guess
Well according to the pr below....what we would need to see is not GKG....but pellets co-firing.....just trying to understand what VSPC is really up to....they really need to give investors/potential investors updates....Carl is saying the pellets will be evaluated........WELL.....we're waiting....
VIASPACE to Produce Giant King Grass in Pellet Form to Replace Coal for Power Plants in U.S. & Europe Supports U.S. Environmental Protection Agency Proposal, European Efforts to Control Carbon Dioxide and Other Emissions Blamed for Global Warming
Press Release
Source: VIASPACE Inc.
On Monday October 5, 2009
IRVINE, Calif., Oct. 5 /PRNewswire-FirstCall/ -- VIASPACE Inc. (OTC Bulletin Board: VSPC - News), a clean energy company growing Giant King Grass as a renewable, high yield biomass energy crop, today announced plans to produce pellets made from Giant King Grass as an alternative to coal to reduce carbon dioxide emissions from coal-fired power plants across the U.S. and Europe.
OF COURSE IT DOESN'T SAY CHINA......it continues.....
VIASPACE Chief Executive Dr. Carl Kukkonen commented: "Co-firing with biomass pellets is probably the simplest and least expensive way to reduce the carbon emissions from coal-fired power plants, because it can be accomplished by modifying existing coal plants, and not replacing them. Alternatives such as carbon dioxide capture from the smokestack and storage underground are considered much more expensive and not expected to occur for many years. As a result, co-firing with biomass pellets is now being implemented in Europe.
"As discussed in prior announcements, independent analysis of Giant King Grass has shown it to have excellent energy content and confirmed its suitability for burning in electric power plants," Kukkonen continued. "With this in mind, VIASPACE has produced a prototype of the pellets for evaluation.
Thx a lot Carl.....you've made everything as clear as MUD....
sorry guys.....but can anyone give a reasoned explantion?
Are the pellets just for the U.S. and Europe.....what about China?.....when is the evaluation results going to be announced?.....thx
Is VSPC hoping that the energy content is going to be higher in the pellets? From the 10/5 pellet pr....
VIASPACE Chief Executive Dr. Carl Kukkonen commented: "Co-firing with biomass pellets is probably the simplest and least expensive way to reduce the carbon emissions from coal-fired power plants, because it can be accomplished by modifying existing coal plants, and not replacing them. Alternatives such as carbon dioxide capture from the smokestack and storage underground are considered much more expensive and not expected to occur for many years. As a result, co-firing with biomass pellets is now being implemented in Europe.
"As discussed in prior announcements, independent analysis of Giant King Grass has shown it to have excellent energy content and confirmed its suitability for burning in electric power plants," Kukkonen continued. "With this in mind, VIASPACE has produced a prototype of the pellets for evaluation."
I also wonder if this isn't another reason to call off the live trial (if that's the case....VSPC hasn't officially said so....or if it took place as some suggested(?)).....
I mean is this another HUGE step VSPC has to climb?....(I know Carl says co-firing is the simplest and easiest way to reduce carbon emissions from the coal fired plants)see the actual quote above....turn GKG into pellets.........at the tune of 600 tons per day to run a 30 MW plant....is that so simple for VSPC?....any thoughts?....NEWS would be nice.....glta
I agree about needing news. We know that VSPC got an extension until 2/15...from the latest filing....
As previously stated, on November 25, 2009, we entered into another amendment to the Purchase Agreement that extended the Second Closing Deadline to December 15, 2009. On December 18, 2009, the parties further extended the Second Closing Deadline to January 15, 2010, and if the registration declared effective by the SEC on or before January 15, 2010, then the Second Closing Deadline would be extended to February 15, 2010.
On another board someone posted that Jan said 5-6 weeks on VGE going public....not going to copy/paste....just opinion....but if the poster is right.....from the same filing.....
If the Second Closing has occurred but if Registrant common stock is not listed on a trading market by January 15, 2010 (or February 15, 2010 if this registration statement is declared effective prior to January 15, 2010 ) , then VIASPACE will issue to Chang the number of shares of its common stock equivalent to US$5,600,000.
It's obvious VSPC wants VGE to go public first or else....@ .02 that 280,000,000 shares.......what if it goes lower?....more shares......that puts it over 1 billion OS.....
As of yet nothing has come from the conference this week.....I know some suggested there might be news, and there still might be....and if there is any delay in the IPO...(we are talking about the government)......then where do you see the pps?......I know some suggest that you can't time the market.....any thoughts.....looking for any entry point.....don't want to jump in too early.....might be able to get 2x's the shares.....thx
I understand your math formula's....and won't even dispute them.....my question was....how much did the first harvest produce?....I haven't seen that figure, have you?.....I've seen a lot of formula's....over and over and over.....would be nice to see that figure.....at least once....you suggest......GKG 4-5 harvest?....12/2 pr said 1st harvest.....never said I had a crystal ball....do you?....I'm only asking for a figure....not pictures.....I would think there is a figure.....don't you?...And weren't those formulas actually given.....prior to the first harvest?....reguardless....no figures were given....were they?
VSPC's "transparency"(?) of NOT sharing that with us....leads to my question.....there may be 100's of thousands of tons of GKG....but the photos didn't say did they?.....I'm sure someone would have shared if they was more than enough for the trial.....
Also, from the photos, are you suggesting there was a live trial?....you have posters here saying IR told them that NO live trial was needed.....because of the test....Jan blew off the live trial idea im my email....only refering to the analysis....and being very vague in the process......you have others here saying VSPC needs to be forthcoming about the live trial.....seems we all have differents views.....with no real clarity....
Your formulas are like the articles I read here.....BIOMASS estimated to be $10 Trillion in 5 years.....but what are the actual numbers.....to date no contracts....
this is what leads to responses like.....it's a pink....it's risky.....I know.....and it has filings....they have to file....they are a pink.....they didn't file the harvest numbers.....or I haven't seen them......ANYONE?
I have holes in my arguement.....how do we know?.....haven't seen that formula....yet......glta
You make my point......year(s) in the making.....VSPC stated in the S-1...talks began in May with DP....it's the hype on this board that has been saying VGE/DP announced/the conference yesteday/ timing thing.....
I think you make a very measured point.....the DP/Bioener deal probably did take a year... give or take......Bioener is a very established company.....VGE is building a barn....with 250 acres....they need 4000 plus acres for one plant....
It has been suggested on this board....that a DP/VGE deal was forthcoming......with NO live trial....real hush hush...DP doesn't want the word to get out about GKG.....the demand is too great....and that was from IR......Well if I'm a SH.....WORD BETTER GET OUT.....or there better be a 8 figure deal in the works with DP......I don't see that with independent analysis confirming energy content of GKG "suitable" to power a DP plant..... or from the reading of the filings.....I think a small deal MAY be in the works.....involving a live trial.....not just from test tube to 30MW plant......we will see soon enough....glta
VSPC longs have been had by the GKG hype....from VSPC...imho
from the 10/15 S-1
On September 2, 2009 our parent company VIASPACE and we signed a non-binding Memorandum of Understanding (“MOU”) with DP Cleantech Co. Ltd. of Beijing China, a subsidiary of Dragon Power. Pursuant to the Memorandum of Understanding, the parties agreed to (i) review the potential of running DP’s power plants solely with Giant King Grass or in combination with agricultural waste; (ii) investigate of suitable areas to grow Giant King Grass and co-locate a new power plant; (iii) and burn significant quantities of Giant King Grass in an existing DP Cleantech power plant. As part of their due diligence, DP Cleantech commissioned an independent analysis of Giant King Grass by the China National Center for Quality Supervision and Test of Coal which confirmed that Giant King Grass has an energy content of 18.4 megajouels (MJ) per dry kilogram (4402 kilocalories (kcal) per kilogram). DP Cleantech declared Giant King Grass suitable as a renewable feedstock for generating electric power in their power plants.
(i) Who is going to review the POTENTIAL of running DP's plants?
answer.....DP
(ii) Who is going to investigate the area?...answer DP and VSPC
(iii) Burn significant quanties of GKG?....DP and VSPC....but significant quantities are needed....VSPC needs to provide GKG in mass quantities.....
From the DP pr 9/14
The Giant King Grass energy content and ash properties are very close to that of the corn straw which is currently burned in four of DP CleanTech's 30MW power plants in China and therefore DP CleanTech is confident in the suitability of their boilers using Giant King Grass.
The next step included under the MOU will be to carry out a live trial to examine the efficiency of Giant King Grass in one of DP CleanTech's existing power plants by the end of 2009.
VIASPACE will deliver at least 300 tons of biomass every day to supplement the trial.
The NEXT step was the live trial.....300 tons a day....
On 12/2 a pr comes out
First Giant King Grass Harvest
New Grass Processing and Storage Facility Under Construction in China
Now I'm not going to provide the whole pr....check for yourself..
Do you see anywhere the amount the first harvest produced?....at least 300 tons would have been needed for the live trial....
If I'm missing it....someone please show me.....it's not in the filings.....VSPC would be bragging it's tail off if it had mass quantities......
No wonder IR told a couple of poster's here that NO PR would be forthcoming about NO live trial....Jan avoided the issue with me about the live trial through email....only refering to the test that had been done...and very vague at that....
Now there was nothing BINDING about the MOU....but to suggest that DP wants to keep everything under raps....don't want the word to get out....real hush hush.....VSPC wants to keep things under raps.....they didn't deliver....imho
Now the DP deal may not be OVER quite yet.....the next harvest might produce enough for a live trial.....but to suggest DP is going to sign some HUGE deal....without live trials is unreasonable...imho
But I do think that what may also have happened is that the test result came in as suitable......just not do-able....that may have been the reason DP bought Bioener two weeks after the 9/14 pr.....more efficient fuel....more established company....imho
I don't get how you say the mm's are playing this stock....you got Mark at the yahoo board saying he added 300K shares today
added 300k share today.
the last one was
Buy 100,000 Shares Limit $0.0205 Good Until Canceled 11:49 AM 01/12/2010
Bought 100,000 $0.0205
Settles on 01/15/2010
3:10 PM 01/12/2010
Status: CLOSED - Filled Reinvest Dividends: No Order #: 65345029
You take out what he bought....$20k traded today....how do you play that?.....Why couldn't it just be bottom feeders (no offense)....and some tired of waiting? .....the buzz was VGE trading last fall...now another review process....I know you said it was a feeling something was about to happen....could just be nothing is happening.....just wondering....thx.....maybe you guys get something good soon.....
Why would I not wish to discuss the goings on of VSPC with you my friend? I hope you didn't get that impression....
As for IPA adding value........I see no value......until I see a $20 million contract....then we might agree on value added....
The money owed to/from IPA....not sure what it is....it may be loans....I think that would have to be disclosed as such.....if it helped put the deal together....didn't see it that way....looks bad on the balance sheet though...and to date I see NO value added.....BUT that's how we have been able to keep going....through the IPA cash flow.....some direct offering would have been better....imho.....and with changes on going at Hobby Lobby....who knows?...from a June 2009 interview with the founder and CEO David Green....
While, by the end of 2009 we will have opened 25 new stores this year, we have the cash flow to open 35 or 45 - but this [real estate] is all we found that we thought was right for us.
One change we are making, however, is within the wall-decor and home-accents department.
Over the next 24 months you will see a tremendous amount of change and improvement in that department. Google Hobby Lobby Same Store Sales
will it effect IPA/VSPC?.....it could....from the 11/29 filing
We are heavily dependent on one major customer for our revenues
For the nine months ended September 30, 2009, sales to one customer, Hobby Lobby Stores, comprised 75% of our total revenues. We believe this concentration of sales to a small number of customers will continue in the near future. We do not have a long-term contract with Hobby Lobby Stores. A loss of Hobby Lobby Stores as a customer or even a dramatic reduction in sales to Hobby Lobby Stores could significantly reduce our future revenues.
Unless I see the $20 million deal....or I'll even say a $10 million deal....will I believe this has been good for VSPC....and the major reason that gives me concern about being a long term with VSPC is from the Memorandum and Articles of Association filed
11/25/09 section 70...#4
(4) No director shall be disqualified by his office from contracting with the Company either as a vendor, purchaser or otherwise, nor shall any such contract or arrangement entered into by or on behalf of the Company in which any director shall in any way interested be voided, nor shall any director so contracting or being so interested he liable to account to the Company for any profit realized by any such contract or arrangement, by reason of such director holding that office or of the fiduciary relationship thereby established.
This was an amendment....they went out of their way to write this....this is not good leadership....you want NO ONE to be able to say anything questionable about your day to day operations.....in fact it seems desparate....when was it amended?.....NOVEMBER.....WHY?....If a HUGE deal was in the pipeline.....why would they need to look at being a VENDOR or CONTRACTOR?....why wouldn't they be leading....getting more deals.....getting more land.....signing more deals.....I mean some posters are suggesting that's what IR told them.....DP wants to keep this under raps....hush hush....the demand is GROWING...
Now I still wish to discuss VSPC....but it seems a lot of interest is on GKG.....I think the other techs would make for some interesting posting....imho
Not sure what going to happen with VSPC/VGE....but IONFINITY could be an OBAMA play overnight....with the Victoria Secret bombers getting on airplanes.....you talk about a pps jump....I might even buy and hold for that reason.....when/if it hits .00's.......see ya tomorrow...got some DD to do...hope y'all get some news this week.....seriously
Or does DP have other plans?.....
Seems DP may have gone another way.....VGE potentially has a deal with DP.....Bioener HAS BEEN bought out.....and they have a tech with 92% efficiency rate.....
DP CleanTech acquires Danish biomass plant manufacturer Bioener
Posted September 28, 2009, at 7:28 a.m. CST
DP CleanTech, a global biomass energy provider announced their acquisition of Danish straw-fired combustion specialists Bioener ApS of Denmark.
DP CleanTech has been a central force within the biomass energy industry for a number of years, with centers of expertise in Europe and China. The specialized straw-firing technology and expertise from Bioener will further increase DP CleanTech’s value proposition to its customers as well as contribute significantly to the group’s extensive reference list globally. Together Bioener and DP CleanTech have more than 35 biomass power plant references globally on multiple different fuel types.
Bioener has been innovating and optimizing high-efficiency boiler technology for almost 40 years. Today, the company specializes in the design and manufacture of highly efficient straw-fired power plants, Bioener’s unique high-temperature, high-pressure boilers boasts efficiency rates of more than 92 percent making it one of the most advanced technologies in the world.
DP CleanTech operates throughout the entire bioenergy supply chain. Its presence in China has clearly demonstrated the scalability and efficacy of large-scale deployment with 19 power plants put into operation within five years and several more planned to be put into commercial operation in 2010.
Article Continues After Advertisement
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Owning this critical technology represents a substantial step forward for DP CleanTech. “We believe that the biomass-to-power industry will grow very fast in the coming years. With this key strategic acquisition, we are positioning ourselves to take advantage of this opportunity and deliver the best possible solutions to the market” said DP CleanTech CEO Simon Parker.
With a dominant footprint in Europe and Asia it is anticipated that DP CleanTech can draw on its newly acquired talent to further broaden its reach. DP CleanTech Europe CEO Henrik Aaroe said "We are delighted to have Bioener join the DP CleanTech family. Along with world-leading technology and references, we are well positioned to utilize the full range of experience and knowledge that the Bioener employees bring with them."
SOURCE: DP CLEANTECH
when you look at the S-1 filings.....you see a different story from the DP pr VSPC put out in Sept.....no wonder IR is saying there will be no follow up......the test results were in....when DP bought Bioener.....ck it for yourself....or I can show you.....for $10.....
GLTA
I agree....we have trouble communicating....but I'm willing to forgive.....lol
As for the CT order justifying the pps of IPA.....NO....I would suggest it does the opposite.....we already know VSPC paid $12 mil more than it was worth....the S-1 says so...the following is copy/pasted from the 12/29/09 filing...pg 67
The value paid by VIASPACE and VGE for the acquisition of IPA BVI and IPA China was $15,832,000. The IPA BVI and IPA China net assets acquired totaled $3,003,000. The excess of value paid for the acquisition in excess of net assets acquired is recorded on the balance sheet of VIASPACE and was assigned to: grass license - $507,000 and goodwill - $12,322,000.
As I have said before....pgs 46-69 of the S-1 really make me question management.....if GKG is the BIG tech that is being touted.....feed and fuel....it's being brought to market....the wrong way....imho.... Chang owes $1 mil to IPA....IPA owes 2 employees....same filing...page 51
Provided that the Second Closing has occurred, if our common stock is not listed on a trading market within January 15, 2010 , then VIASPACE will issue to Chang the number of shares of its common stock equivalent to US$5,600,000. The stock price will be calculated as the average closing price of VIASPACE’s common stock during the 60 day period prior to and including the Second Closing Date. In exchange, Chang shall return all shares of our common stock he received pursuant to the Purchase Agreement to VIASPACE.
Included in the Company’s consolidated balance sheet at September 30, 2009 are Related Party Receivables. The Related Party Receivables represents amounts due to IPA BVI from Sung Hsien Chang, President of VGE and CEO of IPA China and IPA BVI, and from JJ International, a company owned by Sung Hsien Chang that operates separately. IPA China recorded revenues of $233,000 for the nine months ended September 30, 2009 from JJ. An employee of IPA China owes $204,000 to VGE at September 30, 2009.
The following table represents a summary of Related Party Receivables at September 30, 2009 (unaudited) and December 31, 2008:
2009 2008
Due from Sung Chang $ 1,009,000 $ 209,000
Due from JJ International 706,000 657,000
Due from employee of IPA China 204,000 ?
Total $ 1,919,000 $ 866,000
IPA China owes $19,000 to an employee of IPA China at September 30, 2009 which is shown as a Related Party Payable in the accompanying consolidated balance sheets. In addition, the Company owes $25,000 to its Parent Company at September 30, 2009 related to expenses paid by Parent Company on behalf of the Company.
Now if you are comfortable with VSPC good...I wish you all the best of luck.....but I came interested in VSPC...ask some questions ....called everything in the book...told to do my own DD....and did....the Chang deal ain't good for VSPC imho....does that mean the stock won't go up....NO....I may buy at some point.....DMFC and IONFINITY look promising.....will be checking in
If anyone wishes to discuss my brillant DD on this live trial "misleading" pr....and what the S-1 says......the cost will be $10......if Deuce brings that much....I should too.....
Go get some good news this week....
I think what might be a better thing to do as well.....remove 1 or 2 boardmarks about GKG.....and replace it/them with Samsung/DMFCC and/or IONFINITY....it's not just because I think GKG is blowing smoke....I think these other techs may be a much stronger market for VSPC....long term and short term...than GKG.....DMFC's is a lot further down the road than GKG.....IONFINITY has Army/Navy deals that could pop at any moment.......VGE goes public.....they better be talking some serious $$$$$ contracts.....otherwise.....VGE and VSPC....trading at a penny......VGE only has 250 acres.....a barn being built....it ain't that big.....remember 600 tons a day to run a 30 MW plant.....need a BIG barn(s).....machinery....labor...trucks
and of course........LAND
Good luck.....maybe you will get some good news this week.....
Not so fast......you set the rules/agenda....and now you are drifting... CT order first....then we move on...
You should be humbled by my brillant post reguarding the CT order. I see you went chasing another rabbit though.
ANY INFO that has to be made public.....has to be made public. What is in the CT order, has to be made public....at some point.
IF VGE has a deal signed with DP, that wouldn't have to be made public at this point. When the quaterly filings are made, this would have to be made public. The CT refers to section 10.7 specifically. Our debate was about the 12/31 order granting VSPC the right to keep info quiet(that must be made public otherwise) until 2013. VGE may very well have a deal with DP, but they wouldn't have to dislose that until....they go public.....or it was actually VSPC that signed they deal.....then in either case, when filings were due. In the case of IONFINTY....because of national security.....they could get at CT order in a heartbeat.
So you guys can dream about trillion dollar contracts all you want. You can get VIBES from IR, and read between the lines.......
WHY would VSPC/VGE keep a HUGE contract quiet........until 2013?...that would further my argument of mis-management at VSPC. You think you're long now.....wait until Nov 2, 2013.
Now then.....the next question was about the live trial/lab(?) test. We have had some here suggest that IR told them that there
would be NO live trial. The testing was SO AWESOME and the demand was so Great for GKG, that DP was worried about leaks reguarding GKG and DP wanted to keep things HUSH HUSH. In fact 2 posters both came back and insisted this was exactly what IR told them. I'm not suggesting they were not told that.....but it doesn't jive with the S-1....and just as simply as I showed you the CT order, and cleared that up......I can that as well. Only if you agree that my brillant post to come clarifying this pr blunder by VSPC becomes a stickee/boardmark. Or at least take down this misleading pr......YES misleading......a couple of posters have said VSPC owes an explanation. A simple reading of the S-1.....I will copy/paste the reference showing how misleading it is.
But you also said you wanted to discuss one thing at a time.....you challenged me.....I'm in no hurry.....I'm not going to ignore.....and I won't back down.....I'll admit if I wrong....
Are we done with the CT order?......maybe another poster wishes to reply.......then we look at the live trial....the overpayment....the conflict of interest clause......all the red flags I have........that was the challenge handed down.....I accept it.....
GLTA
Thx for the chance to gain credibilty on this board.
Here's the 12/31 filing:
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
December 31, 2009
ORDER GRANTING CONFIDENTIAL TREATMENT
UNDER THE SECURITIES ACT OF 1933
VIASPACE Green Energy, Inc.
File No. 333-159717 - CF#24258
_____________________
VIASPACE Green Energy, Inc. submitted an application under Rule 406 requesting confidential treatment for information it excluded from the Exhibits to a Form S-1 registration statement filed on June 3, 2009, as amended.
Based on representations by VIASPACE Green Energy, Inc. that this information qualifies as confidential commercial or financial information under the Freedom of Information Act, 5 U.S.C. 552(b)(4), the Division of Corporation Finance has determined not to publicly disclose it. Accordingly, excluded information from the following exhibit will not be released to the public for the time period specified:
Exhibit 10.7 through November 2, 2013
For the Commission, by the Division of Corporation Finance, pursuant to delegated authority:
Kathleen Krebs
Special Counsel
Notice what will NOT be released......Exhibit 10.7
Here's the 8/12 filing....
EX-10.7 2 viaspace_s1a1-ex1007.htm AGREEMENT BETWEEN IPA CHINA AND CHINA GATE TECHNOLOGY CO., LTD.
Exhibit 10.7
Agreement
CHINA GATE TECHNOLOGY CO., LTD (hereinafter, known as "Party A") and Guangzhou IPA (hereinafter, known as "Party B") hereby establish this agreement to jointly explore the market of Giant King Grass, Elephant Grass and Purple King Grass. In Guangdong Province, Party A shall not provide more than 20,000 units of above grass seedlings to any other clients. Party A will pass large clients (who may need more than 20,000 units of above grass seedlings) to Party B. Party B will be responsible to supply the large clients, so as to ensure Party B’s interests within Guangdong Province.
Party B shall order 1,000,000 units of above seedlings. The detail (volume and price) will be determined later based on the agreement of the two parties. After this agreement is signed, Party A shall provide sufficient technical support to Party B to plant the above grasses in Party B’s land. Party B shall start to lease the land and to prepare the plantation work.
In addition, the North American market (cooperation in the U.S. and Canada) should work in the same way. Party A shall not develop this market directly; Party B shall provide technical support and seedlings according to the market planning. Any Party shall not ask the other party to compensate the expense arised therefrom.
Notes:
1. Unit Price: *** RMB/Unit of Seedling
2. 30% Elephant Grass, 70% Giant King Grass. (5,000 units of Purple King Grass seedlings will be offered as bonus).
3. 1 section = 1 unit of seedling. Fee charge for Party A’s technical staff: 280RMB/day.
4. This agreement will be effective when 50,000 RMB deposit is paid to Party A from Party B.
5. The goods will be divided into 3 to 5 deliveries. Pay on each delivery.
6. Party A’s account number: ***. Account name: ***. (This account number is regarded as Party A’s company account number).
7. The seedlings will arrive at Party B’s land by November 11, 2008.
8. Party B will pay for the delivery of seedlings.
*** This material has been omitted pursuant to a request for confidential treatment and filed separately with the Securities and Exchange Commission.
--------------------------------------------------------------------------------
Party A
CHINA GATE TECHNOLOGY CO., LTD
RM 51, 5TH FLOOR, BRITANNIA HOUSE,
JALAN CATOR, BANDAR SERI BEGAWAN
BS 8811, NEGARA BRUNEI DARUSSALAM
Party B
GUANGZHOU IPA
The *** refer to what was asked to be excluded. Now this is not a big Red Flag to me, because the SEC allowed it. Those will be posted by me a later time, per your request.
Now here are the 2 documents.....I have NOT altered one word....exclamation point....or period....
Now are you going to copy/paste where you get the idea that what's in the CT order is the live trial results? Or are you going to suggest to other posters that have the idea the CT order is some secret IONFINITY deal or DMFCC deal to copy and paste as well?
Let me know when the debate is over about the CT order, and I will copy/paste the section about the contridictions in the MOU with DP. You know, the one that's a boardmark here. Do you think it would be fair, "IF"/when I point those contridictions out, that they get posted under the boardmark? Do you think that's fair?
Good luck to ALL.....and let me know if I can help you guys with anything else. My pleasure to do so.
You guys are welcome.....for doing you a favor.....you wouldn't want others to look elsewhere would you?......I'm really just a loveable little fuzzball....that post brillantly...imho.....glta.....going to spend time with my bride.....at home for the weekend.....I will be looking into IONFINITY and DMFCC soon.....so I'll be back.....promise
I didn't assume anyone on this board was a man.....I posted Gents....could be....gentlemen....gentleladies.....excuse me....I didn't assume anything.....but that's ok.....I've been taken out of context before.....
I wish you all the best in having GKG grown in Minn.....
Sorry about not getting back to you sooner.....traveled home yesterday.....
The CT order is really pretty simple.....go to the 8/12 filing of the S-1.....it's the acct number(duh)...of IPA.....but it's also the price agreement between IPA and China gate......it says the ********* will be filed as a Confidential Treatment Order.....so that is a small RED FLAG to me.....not a real biggie....just suprised at what I'm reading here about it and why longs didn't know....especially since many have IR on speed dial....some think it has to do with IONFINITY or Samsung....lol
The real RED FLAGS I have with VSPC are these:
#1 Overpaying by $12 million dollars for IPA....and writing it off as Goodwill.....you and I have already discussed that.....you thought it was good to get rev's going.....I think Chang has VSPC by the throat and is going to eventually suck the life blood out of this company.....we shall see.....he only has every family member in the deal.....
#2 The 11/25 filing....section 70....#4...."No director shall be disqualified by his office from contracting with the Company either as a vendor, purchaser or otherwise"......you go out of your way to do one or the other.....PREVENT THIS.... or....ALLOW THIS TO OCCUR....this is not in the filing by accident.....
Remember Tom Daschale....and his wife Linda who lobbied I believe for Boeing.....and we ended up leasing all those planes....that would have been cheaper to BUY outright.....as least Tom was smart(dumb?) enough to say....my wife can only lobby the house....I'm in the senate......great leadership would be as far from conflict of interest.....as the east is from the west....imho
...this is a RED FLAG
#3 The most recent was how this live trial is being swept under the rug.....VSPC made a BIG deal about it.....It's a BOARDMARK on this discussion board.....the lab test(?) replace a real honest to goodness.....throw the grass in the fire....burn baby burn....light up China....live trial......but VSPC led us to believe that was going to occur by the end of the year....I want an update....some other longs agreed....one posted something like.....VSPC needs to tell us ASAP.....and what I read in the filing does not lead me to believe DP can't wait to cut a seven figure check....to VGE....
Now I have no illusions that I'm going to change minds....I've only ask questions......had some spirited debate....but had to do a lot of leg work on my own.....which is good....and these are some of the things I'm reading about VSPC management.....
If you are ok with the overpayment fine....the lack of follow through(imho)on the live trial fine.....and the conflict of interest clause, fine.....but those are red flags to me.....you can do as you wish.....I'm not interested in a long term investment with VSPC....on those grounds.....will I buy some stock....try to make some quick money.....maybe...we will see...
As for VSPC saying in a foward looking statment(?)....I think you are posting that VSPC made a foward looking statement about the demand for GKG being more then they thought....or something like that.....that was by other posters....NOT BY VSPC....or I haven't read that in a filing......the reason that Jan gave them....the read between the lines....DP wants to keep this hush hush(the test results)....that's where that idea came from....not a foward looking statement....if VSPC made such a statement....it would not be at the pps it is now.....
The suggestion that I have not given info or references I wish to take exception to....I have given numerous references to filing...pgs 46-67 that's where you find the overpayment....the $1,006,000 Chang owes IPA....the two employees owed $44k....I found the filing fom 10/15 about the test with DP....others were demanding word from VSPC.....I found info that other longs were waitng for.....from VSPC.....
I have never said VSPC has done anything illegal.....In fact I've gone out of my way to say the have not.....PR's can be VERY suggestive.....they can be very well crafted....and they can under deliver in the long run....Articles titled Grassoline and publications called Biomass.....can print some pretty glossy articles about potential......and it's all legal.....but filings must be accurate....numbers must be audited...that's why the SEC requires them....they don't call IR and see what Jan says....or ask for a pr.....nor do I....Green Baron has been paid to write what they have....you posted that.....
I have suggested the RED FLAGS based on everthing in FILINGS.....I have never critized the product or other techs....it's all been about biz opps....you see it one way....I see it another......I have provided specifics.....credibility is in the eye of the beholder.....it is how you see things....or choose to see things.....that determines that....in the world of....... OPINION....glta
Thx for a great post earlier....it was great DD....I am not advising anyone to sell....that's each one's own choice.....
I had red flags about VSPC....and still do....not saying anything about the techs....or GKG.....it's management....that's what worries me....
I saw the Sept pr....and so did you....a live trial with DP...that was in the words of VSPC the next step in the non-binding MOU with DP....world leader in biomass
then a couple of posters said that IR told them that the live trial was not going to happen....and test had been done....and the live trial was not necessary.....and they got the idea that a deal with DP was coming.....now that's not EXACT words some may have said....but that was the jist of it....read between the lines lingo.....so I sent an email and ask my question....these posters suggested that folks get in touch with IR and find out for themselves.....also....Jan said a pr would NOT be sent out.....because DP was afraid the competition didn't want the word to get out about GKG....not all exact qoutes....but I hope you get the jist of what I'm saying.....
Jan responds that the test results were good and released earlier......I didn't know that test were to replace "live trials" with 300 tons of biomass a day provided by VSPC.... and neither did some folks here.....yeah VSPC needs to be transparent.....some were suggesting.....what's going on with that?.....
The test only talk about the potency if you will of GKG.....what would be required to run a 30MW plant.....that type of thing.......and I think it said in the 12/2 release that it was more potent than first thought.....not that DP ran a plant for a day with GKG......wouldn't that be the idea behind a live trial?....not to see if it worked....but make sure it did work.....and all of that is hidden in a filing?....when the pr came out with certain specifics.....If they had said DP is going to do some analysis on GKG.....okay great......but it was a bit hyped.....imho.....and some here ran with it....HUGE deals coming.....one plant is worth millions......which it would be.....
but the live trial thing fell flat....imho
Now I have NEVER said that GKG or the tech were not what was claimed....my problem has been with management....
I think BIG dilution is coming....$4.8 mil plus interest....if VSPC is a two cent stock with NO contracts.....what makes VGE worth more?.....I'm not saying that contracts aren't coming....I just don't see anything immediate.....BIG
When a company has certain expectations....that they have fed the public.....and things come about....the EFFECTIVE filing....and then the IPO(?).....and there are no DP deals.....some here may haul......if there is more dilution than some expect....byebye....
it may mean....00's....fast
Now I appreciate you very thoughtful post....I think you have done your homework.....your plan to be here a while...not me....good luck.....
I'm with you on the risk.....but I would say I'm more of a trader with stocks like this....401k is in other stocks with dividends....or more established companies.....that's where I invest......long term
The buzz was that this thing was going to pop any day....SEC approval....GKG contracts with DP.....that type of thing.....and it might...not saying it won't.....but it was all reading like a script.....so I checked it out....
VSPC released the DP pr about the live trial.....just like you I was waiting on an update.....maybe get an indication that this thing was going to pop.....I'm okay with my money sitting for a month or two......but not years.....
When I got Jan's response......I was not encouraged to say the least....so I dug through.....I think VSPC is getting a little fast and loose with the truth.....not saying it 's all a lie....they had the pr about the live trial....to hide it in a filing like that was......a little shady....imho
GKG may be the NEXT FUEL that the world runs on.....but from what I'm reading....VSPC is a quite a way from BIG contracts....they have a lot of growing to do.....they only have 250 acres....by their own admission they need 4000 plus to power 1 plant.....
The test they refer to say basically this.......there is more energy content in GKG than we thought....okay great....I ain't sitting and waiting....that's all...good luck
I will keep an eye on this......might look for a pop with IONFINITY or DMFCC...
Gents......you are not going to believe the response I got from Jan....I have tried to call, but can't ever get IR....so I emailed.....I had gotten a response about the 2/15 closing....which was confirmed....just not the final tally for Chang(still negotiating?)....and responded back about this issue....my question was...I read on a message board that lab test(?) were done in lieu of the "live trial" and that a pr was NOT going to be released. Is that correct and if so, what were the test results?....Jan's response was..."those test results were good and mentioned in a previous release"....OK...you guys didn't know about it....and I didn't know about it....what the heck?.....so I did respond back....."and the date of the release?".....it was about hour before closing.....I hadn't heard anything by 4pm.....so I went to work on my DD
The 10/15 filing.....go to page 8 under Grass Biz Division and keep reading through the next few pages....it did mention the independent test results...and that was refered to as DP's due diligence.....it determined that if you ran 100% GKG...it would take 600 tons per day to run a 30 MW plant....175,200 tons a year.....if you use the same math as the pellets....that's 4350 acres or so....at 80% efficency....if I read it correctly.(layman's terms).
I think it's a little shady to act as if VSPC is forthcoming....when I've been the skeptic...and I wouldn't have known without being prompted.....and you guys being longs....not realizing that this was out there....for Jan to be so cavalier about it.....VSPC made a very big deal about the live trial in the pr as you guys stated and this is all we get? Some of you did mention some testing.....but said a pr was not going to be released.....some of you said the trial had taken place....some of you said it would be done 12/26.....as a late Christmas present....my point....no one was CLEAR......
Now this may not be the release Jan is talking about....but if it is.....the only thing this determined was fuel content(layman's terms)...and how much was needed...600 tons per day....I know that DP bought Bioener at the end of Sept.....it's tech runs at 92% efficiency...the straw....(Google DP CleanTech)
If this is all VSPC has with DP....I ain't buying that DP wants to keep all this hush hush....You don't replace lab test for live trials....using 300 tons a day according to the MOU....and turn around and sign some HUGE multi million dollar contract with a company that has 250 acres......when you have just bought a company that has a 92% success rate with straw.....and years of experience like Bioener.
As I understand the filing of 12/31.....it had to do with something VSPC omitted in the original filing in June....section 10.7....that predates DP......I could be reading that wrong as well.....but I don't think DP is hidden in that filing until 2013.
The idea that DP has big plans for GKG isn't adding up to me....if Jan was talking about what is in the 10/15 filing...and I don't have that confirmed....but if it is....DP went ahead with independent test....prior to the first harvest of GKG according to the 12/2 pr....which also mentions some sort of test from Europe.....
I have been skeptical from the beginning I admit.....but I've been looking at this thing seven ways to Sunday....you guys have been looking for HUGE deals.....I've been thinking the pps was going to pop....maybe....but why does DP want GKG?....the only people saying that....kind of..... is VSPC....not DP
VSPC may be in talks with DP....but how big could it really be?....I would think that if GKG was so great for DP....just buy VGE out....pay off Chang.....and buy GKG out right.....I think VSPC said that 200,000 tons a year was worth $20 mil....that's one 30 MW plant supply a year.....just pay $50 mil.....or heck even $100 mil....if GKG is that big a deal for DP....it would make as much sense as DP buying IPA for $12 mil more than assets....and VSPC would make money off the deal.....
I could see DP giving VSPC something like grant money for more testing....a few hundred thousand....but not MILLIONS....if what Jan is talking about is in the 10/15 filing....I don't see a very big deal on the immediate horizon with DP....now I know GKG grows like a weed....but I think before DP does a HUGE deal with VSPC....a small deal is in the works......lots of testing will be done....and VGE could get paid for it..... but I think it's coming a lot slower than some may think.....btw....I'm going to make some money on VSPC this year......one way or another.....I just ain't jumping in...with my eyes closed....glta
I beg to differ.....I don't get answers from IR....Jan just told me they couldn't discuss how much money Chang is due....because negotiations are going on....excuse me....but that's not an answer.....that's another question..... I thought all that was covered in the filings.....I just wasn't sure when the interest ended....that's all.....now there are negotiations going on(?).........you may find IR as a source of info....I prefer to look at filings or look to other sources.....I see postings constantly....IR said this....IR said that.....Green Baron says....ITS DONE....remember that.....if you don't have answers......then don't answer......either there was a live test or there wasn't.....I don't believe lab test suffice for 300 tons of Biomass.......some have suggested that......the DP test was to be done by the end of 2009....if you don't know anything....that's fine....I'm not asking anyone to respond.....that doesn't have answers....some suggest this thing is going to bust a move....I want in if that's the case.....I'm being very diligent....imho.....trying not to chase rumors or hype..........but thx for letting me know when IR is available.....that was very useful info.....
Or maybe I didn't read it.....I was never talking about lab test......I was speaking of the live test with DP......what lab test are you posting about?....what pr?....and what would a lab test have to do with VSPC running a DP plant?........why would VSPC not release test results?....wouldn't that be the transparent thing to do?.....doesn't add up to me....."VSPC and DP very pleased with the results from the live trial, results to be released at a later date.....but the MOU was satisfied"....or something along those lines.....specially with all the uncertainy out there....20 people speaking with IR.....posting 20 different things.....when will VGE trade....what's the final bill for Chang......if the second closing doesn't occur....Chang becomes majority VSPC SH.....that's in the 12/21 filing I believe it's that one....there have been so many......and you could see the 2/15 closing coming before New Year's......more interest to Chang......glta
DP acquires Bioener ApS of Denmark. The specialized straw-firing technology and expertise from Bioener will further increase DP CleanTech's value proposition to its customers as well as contribute significantly to the group's extensive reference list globally.
Bioener has been innovating and optimizing high-efficiency boiler technology for almost 40 years. Today, the company specializes in the design and manufacture of highly efficient STRAW-FIRED power plants. Bioener's unique high-tempature, high-pressure boilers boasts efficiency rates of more than 92 percent, making it one of the most advanced technologies in the world.
October 2009 Biomass Magazine
In Sept 2009 VSPC signs an agreement with DP. Two weeks later DP buys Bioener. I read a post that IR replied that the "live test" with DP was not needed, because a couple of lab test confirmed GKG was able to run a power plant that needed at least 300 tons of biomass a day. Or a least that's what the MOU required. Did I read that? thx in advance.
Clear and transparent....they have to be transparent in a S-1....clear is another question....that's why the SEC keeps asking questions.....just like me.....I'm trying to get answers to questions about company activities....like the MOU with DP....cultivation of 250 acres.....you know day to day ops....if it is so clear.....seems I could get answers....you know IR is open for a couple more hours.....I was thinking about investing now.....thx
Yeah it is for SH protection.....did you notice the S-1 was VERY clear....VGE offering WILL NOT be higher than $3 per share....I think some have been making suggestions that it might go higher... the S-1 makes it very clear.....$3 max at offering....with a .47 instant dilution...per the S-1....IF it is offered at $3....anything lower....even further dilution....the SEC is really looking out for SH's....
On 11/19 VSPC said they had 250 acres under cultivation per the pr.....and that they were seeking to acquire more land......great.....the DP Tech deal signed in Sept.....VSPC promised to provide 300 tons of Biomass per day for the live trial that was to take place by the end of the year with DP......per the MOU.....how was VSPC going to provide 300 tons of Biomass per day (it's in the 9/14 pr).....if they only had 250 acres in cultivation on 11/19......per VSPC's pr?.....wouldn't that explain why IR is back tracking on the "live trial".....as per the 9/14 MOU with DP......looks to me like VSPC overpromised.....they couldn't produce 300 tons of Biomass......per day....with 250 acres of land....UNDER CULTIVATION....by years end.....now I know the MOU is non- binding....but do you really think DP would just say....."hey, we don't need a live trial.....the lab test was all we needed......forget the corn starch.....we don't need anymore....so don't order any?".......yeah right......they would test this thing seven ways to Sunday.....at the plant.....LIVE........before trying to run a power plant on grass....of course I could be wrong.....any thoughts.....and hey....have a wonderful day.....thx in advance for your thoughtful responses.....
Spoke with IR a few minutes ago.....before they closed at 4pm.....even though this person did stay a few extra minutes........and they were really excited.....they confirmed what they told me yesterday..... they beleive 2012 may be the year it all turns around......for Ivanhoe Energy.....and VSPC.....do you guys think it's a great idea to have a DR......answering the phone?......India has a lotta peeps that can do that....imho.....btw...someone seems a little sensitive.....
Deal.....btw....I do think you put GREAT effort in what you do.....and you seem to enjoy it.......
Yeah.....4 pm Pacific is 7 pm Eastern....thx for the question....that's what some call .....night....
Uhmmmm.....as I recall....you said.....once it went past James Bond (007).....the next resisitance wasn't until over a penny......blue shy breakout.....sorry I put words in your mouth......please forgive me......I was wrong......for putting words in your mouth.......PLEASE NO ONE SHOULD TAKE THIS AS AN ENDORSEMENT OF "the power of charts"......again my deepest apologies.....pls don't report me.....pls....lighten up......I said you were an nice guy.....I just see a lot of your readings(?) to be off.....I'm sure you have had some sucess.....but of course you always ask...."does it mean that it's going to do that?.....no.....this isn't a crystal ball"....or something like that......you do cover your bases......btw....What is the "POWER OF CHARTS?".......glta.....Happy New Year......and never take me seriously.....
Yes I did speak with IR tonight actually......it seems there is no need for another closing (as was the case for the DP live test).......buying IPA with 233k as 9/30 for 16 mil....even though assets were 3.3 mil according to the S-1......VSPC is so amazed at the orders for GKG......that they might just let (cha)Chang walk.......and buy...I mean overpay for another art company....since they will need the write-off(s).....because the VGE/IPA deal might not be BIG enough....they really didn't want to give me anymore info.....the military is really mad.....VSPC has already let way too much info out.....they basically are saying this....NO TEST.....NO NEED FOR A SECOND CLOSING......it's real HUSH HUSH.....I really had to pull it out of them.....glta.....THIS IS NOT A RECOMMENDATION TO BUY VSPC OR VGE......and thx for recommending that I call them.....never thought about that.....btw....you never answered my question about Dynario....."Toshiba hasn't announced any plans to sell overseas....you said that they we restricted to only sell in Japan"......can't call IR on that.....that's your story....are you sticking to it?
This guy hasn't had a great track record with my stocks.....he had SGCP going to the moon if it broke James Bond.....007.....it did go to .009.....not exactly the MOON......it's at .0038.....of course I didn't buy until .0031....Friday....I'm a genius.....imho.........as far as BZCN is concerned....I say the fact that he sees a drop.....I see a pop.....glta......
CC tax is a fraud.....and a reality.....I don't need to see a You Tube video to come to that conclusion.....Global Warming is the BIGGEST fraud known to man.....and I don't wont to see it in the USA......BUT......selling CC's in Europe is a reality....there is a market....and SGCP is playing it right now......you are also right..... SGCP is a AU play as well.....If the FROGS and KRAUTS want to plant trees and rice in SL.....works for me......glta
I really thought with the news that came out today that this thing would SKYROCKET.....you know...
1...this thing is BIGGER than we thought....we can't keep up with all the calls we are getting now.....we need more acerage...
2....test....we don't need no stinking test
3....the 2nd lab test was done with DP's sister company....in Europe....
4....postponing a closing is a good thing....especially when you are overpaying for a company buy....12 million dollars...I mean IPA has been great this year so far 233k as of 9/30
5....and the best one.....bashers = big news coming.....they being saying that since September.....wait it did go up....3k @ .023... that's $69.00 plus commission.....glta....Happy New Year....keep us updated on what IR says.....
Now that's funny.......btw almost as funny as the S-1..... pgs 46-67........or as funny as the reason you overpay 12 mil....for 3.3 mil woth of assets......wait.....that makes the S-1 an oxymoron too......good thing VSPC got that extension.....remember.....they can still get one until 2/15......