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I looked NioCorp up too. Wasn't all that concerned about it anyway.
This website you provided gives Google a 48% chance of going bankrupt.
AT&T a 48% chance.
Cool info, but not sure I would read too much into it.
I haven't asked them personally, but from a financing perspective, I wouldn't loan 1 billion +, if the company didn't have all the permits. If they couldn't get all the permits, they couldn't mine, therefore couldn't repay the loan.
Just my thought.
State permits, possibly.
I agree they should go after these crooks. That's exactly why Carl bought a vacation home in Nicaragua - it has no extradition treaty with the U.S., just in case Carl should need to take extended leave from the good 'ole USA.
I wonder how Schewe is running the "company" while maintaining a full time gig as a medical doctor? I wonder what those other two nitwits are up to?
No fake news in almost 6 months!
No worries.
As for the Hawaii project...nothing. Zip, zero, ziltch, nada, didly squat.
It was a nice excuse for Carl & his wife to vacation in Hawaii on the shareholder dime. Just like Nicaragua (where they bought themselves a vacation home with shareholder money). Basically every single place that Viaspace signed a fake MOU, it was code for "We're going on multiple vacation here, using your money!"
Schewe is now the Sith Lord with his three apprentices, LaBerge, Carroll, and Basit. Guessing they will run with the fake "special licensed strain" of mary jane story in order to sell shares of stock since fake GKG has run its course.
They didn't announce anything other than Carl quitting running the scam.
The pot announcement that poster referenced was from May of 2018.
There has been no news other than the 8-k filing that Carl quit.
I doubt the lenders are holding back financing to obtain cheap shares.
IMO, if financing isn't obtained and announced by years end, the start of 2019 could get really ugly for the share price.
Only thing I can think of that is holding up financing is obtaining the rest of the permits from the State. I doubt a lender would loan a billion dollars to a company that doesn't have all of the permits yet. That would be a huge risk.
I hope financing is announced before years end, I'd like my shares to be extremely green for Christmas!
Just my two cents. Take it easy!
The contract between NIOBF and Traxys is only "binding" if NioCorp receives financing to build the mine. But, I agree, the share price should be higher than where it currently sits.
Thanks for the refresher of this news release from May 24, 2018.
Anything else you want to add or...?
Thanks.
Higher highs and higher lows are good thing!
Encouraged.
I hope they give him a big bonus of free shares of stock for all of his years of dedicated, profitable service. /sarcasm
BYE BYE CARL
Carl Kukkonen resigns as CTO & from the Board of Directors.
Walks off with tens of millions of shareholder dollars. Should be jail.
Enjoy retirement, Carl. You haven't earned it.
https://www.sec.gov/Archives/edgar/data/1270200/000156459018024255/vspc-8k_20181015.htm
Push Giant King Grass?
Sorry P.I., but all that management pushes is shares of stock for sale.
Not grass, not marijuana. Just worthless shares of stock.
Crypto? Don't give these guys any more bad ideas. They have plenty of their own.
Speaking of these guys, I emailed Schewe as I was in Denver all week. Wanted to meet him to discuss the "business".
Big surprise, no response. Carl is teaching his young padawan the ways of the dark side of the force.
I don't necessarily disagree with you, but what would be the reason to put up 100,000 shares for sale?
I can't grasp it.
We finally got a trade on US OTC. 12,000 shares @ .42
I wish I knew.
I've owned NIOBF for at least 2 years, it's been x100 on TDameritrade OTC USA that long at least. And not just NIOBF...many of the stocks I own come up x100 in the USA.
Might be different rules in Canada.
That's my guess too.
Multiply 25 (bid) times 100.
Multiply 1260 (ask) times 100.
That's the short version of how many shares are available for purchase/sale on the bid/ask.
According to TD Ameritrade Level 2, it says there is:
100,000 @ .42 VALX
20,000 @ .42 OTCX
6,000 @ .42 CDEL
2,500 @ .421 ETRF
Not lots, orders to sell.
There are fractions...once the 126,000 shares on the ask at .42 get bought or the orders cancelled.
Then it's 2500 shares on the ask for .4214.
Has there been any discussion on the ramifications of rising interest rates set by the Federal Reserve, the potential financing package for the mine and the affect on company earnings?
Carl, his wife, kids and grandchildren thank you for giving your money to them.
That's sickening, actually. $70,000 isn't chump change. That's felony theft.
Real pot companies on a roll lately. Made some mad money on 'em.
This company only swirls in a pot and washes your hard earned money away.
Wonder what Carl and the gang are up to?
They raised two million, roughly, through the sale of 1.5 million of their newly created preferred stock. Most of the funds were used to pay off a debtor from many years ago.
There is $22,000,000 available to them, but they must hold a shareholders meeting to approve the massive increase in authorized shares, as this $22,000,000 will be a convertible note into common shares. I don't know if they will get the funds all at once or whether it will be loaned in increments.
Shareholders will have to approve an increase from 120,000,000 authorized to 1.2 billion shares authorized before these funds will be available.
Major dilution. If they don't approve it, well, I think they will be hurting. No good outcome either way.
Status of the $600,000 in organic revenue? Yeah.
It was a lie. It never happened. Just like all of their projects never happen.
Midwest Holding is based in Lincoln, NE. I live here also. Been invested since the beginning.
They seemed to do well at the start, then they couldn't write anymore insurance because they didn't have enough reserves. The letters from Mark Oliver, CEO, are funny. In 2017 report he stated in the letter "...a goal of writing $1,000,000 in new life insurance..." Yet, he knew they didn't statutory surplus to do that.
I'm pretty upset with management that they haven't really done anything in the last 3-4 years except collect a paycheck and watch assets dwindle.
Hopefully this loan agreement will get them going, but it will dilute the shareholders something fierce.
13D filed July 12.
10-K/A filed September 7.
Share structure is a mess.
They entered into a crummy convertible loan agreement with some financing company.
You can read it here:
https://www.sec.gov/Archives/edgar/data/355379/000119312518216614/d471113dsc13d.htm
They better get their stuff together if they plan to make this company a success.
No, not surprising at all. In fact, I've offered to meet Carl (at my expense) numerous times, but he never responds. Too busy sleeping in and watching The Price is Right I guess. Even offered to meet Rodman when I was in Dallas for a convention to talk Viaspace (at my expense) and he didn't want to meet.
I love that they don't even put out fake MOU's anymore after we have discredited all of their BS.
I still like the comments, it's fun. Kind of wish they'd put out some more BS after 4 months, they need to pump their second weed story.
Spent a week out in Colorado. I emailed Schewe at the company to see if I could meet with him while in Denver to discuss Viaspace.
Big surprise, no response, as usual.
LOL! It was a rhetorical question.
I know they will never answer real shareholder questions. I've been here for 10 years, after all.
It is a fun hobby. That's why I stay here pointing out managements lies.
Really?
There are no "other deals". These unnamed "businesses" they frequently refer to are nothing more than phantom businesses. Why not name them? Because a small amount of DD would show they are fake.
As for Hawaii...no "deals" there either. In case you didn't see, VSPC "bought a minority ownership stake" in CES. You know them. The company that has "BILLIONS" in projects. Yet, none of these phantom projects are named. And the ownership value (2.91%) is ZERO, according to VSPC 10-Q. The ownership stake has NO VALUE. Because there is nothing.
Where is the fake organic revenue Schewe talked about? Imagine that..no where to be found.
Lies, lies, lies. Carl & Schewe's noses are longer than Pinocchio!
Watch their noses grow!!
I'd like to see an explanation from CEO/CFO/Chairman Schewe about where the phantom "organic revenue" is that he claimed was coming.
Just another lie that goes into the black hole of fake news from the company.
That's too bad that you are chasing bad money with good money.
If Carl & Co., would do something for a change, rather than tell tall tales and sell shares to line their pockets with cash, I might buy. But after 11 years of lies, I think they are pretty well set in their ways.
The 10-Q is hilarious. Who do they think they are fooling? Oh, yeah...the sheeple.
Value of ownership in Almaden Energy: $2,000 (down from $6,000)
Value of ownership in Viaspace California: $0
Value of ownership in CES (the company with "billions" in projects): $0
These guys/gals running this POS scam are a joke.
I am assuming that the phantom "organic" growth was just a dream that Kevin and Carl had when they were sitting around counting their money. Something as crazy as publicizing a $600,000 "growth" story...only to come up MASSIVELY short should be investigated by the SEC.
I'll be interested to see their 10-Q...whenever they get around to filing it.
Wonder how many apartment buildings that Carl bought for his kids? He should issue a PR saying "thank you!" to all of the shareholders for funding his lifestyle.
Poor overworked Carl. Putting in so many long days and late nights working for the "company", can't file the 10-Q on time.
https://www.sec.gov/Archives/edgar/data/1270200/000156459018021821/vspc-nt10q_20180630.htm
I haven't had a good laugh like that in a while. For a second, I thought you were smoking the GKW (giant king weed).
Anyway, doing some good DD, I read the June 2018 letter from Carl's HOA.
Here's what I found:
Rental Property Wanted: I would like to buy some rental
property as an investment for my children. Single-family house,
apartments, or business. I live in Niguel Shores. Carl Kukkonen
(626) 695-9250
Page 17. (or just do a search for "Kukkonen")
http://www.niguelshores.org/community/wp-content/uploads/2018/06/June-2018-Newsletter.pdf
So, looks like Carl is flush with cash from his "hard work and late nights spent working for VSPC" and looking to spread the wealth to his family.
Too bad he doesn't spread the wealth to his shareholders.