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Agreed.
I cant possibly imagine how they could come up with anything substantial. There has been no news in four months, except for selling discounted shares to themselves.
I was mistaken, as they have til end of business day Monday to submit the 10-K, as tomorrow is Good Friday and markets are closed.
Well, they are about 50/50 with on time 10-Ks, so I will pass on the bet. ;)
The 10-K should be out by the end of the week. Not expecting much, as they never seem to do anything except sell shares at massively discounted prices to insiders.
That's the one question I haven't been able to answer.
What is the endgame? Carl's endgame is cash in his pocket.
Kevin wants the shell.
Haris wants what? Discounted shares? So when Schewe owns the shell, he can cash out his discounted shares at a massive profit?
As financing talk continues, I certainly hope it happens sooner rather than later. As the Fed continues to raise interest rates, the cost of financing goes up considerably.
Just food for thought.
New 8-K out this morning.
Haris gives Carl $1,500 in exchange for 9,554,140 shares at a price of $0.000157 per share.
That organic growth is doing great!!!
https://www.sec.gov/Archives/edgar/data/1270200/000156459018006241/vspc-8k_20180316.htm
Sounds very familiar.
In fact, i'll do a little due diligence for you.
Taken from the 2014 10-K:
Other 5% Owners:
Sung Hsien Chang (d) 264,422,273 15.8%
Inter Pacific Arts 135,691,337 8.1%
That is 400,113,610 shares owned by Chang (which he got entirely for FREE).
Taken from the most recent 10-K:
Sung Hsien Chang (d) 203,915,297
Whoops. Looks like he's dumping to the tune of 197,000,000 shares.
Like I said, we will find out if there has been any further insider dumping in the next two weeks.
Yes, I did. Here is an excerpt from YOUR POST.
They are not dumping as I will show...
Chang. He's been dumping his 400+ million shares. Proven by the 10-K filings. If things are on the up-and-up, why would he be dumping his huge holdings?
We'll see who's dumping and what is going on soon. The 10-K is due within the next two weeks.
One person you forgot to mention - Chang. He's been dumping his 400+ million shares. Proven by the 10-K filings. If things are on the up-and-up, why would he be dumping his huge holdings?
Carl doesn't need to dump because he's pocketing Schewe & Haris' cash from share purchases as a "salary".
Schewe & Haris make an instant 80% gain on their purchases. Why wouldn't they buy?
All of these "loans" go to one thing - paying Carl his "salary".
These loans aren't enough to cover business expenses.
Carl gets his salary & customary health benefits, as they call it, from these loans.
When Steve Muzi worked for them (before he resigned), his salary & health insurance was paid from the loans as well.
Hmmmmm. Why, indeed?
Roughly $20,000 has been "loaned" to the "company" since January 19 in exchange for over 171,484,678 shares of stock, at a price of .000151. That's an 80% discount.
That's an 80% instant gain to the buyer - Kevin Schewe (CEO/CFO/Chairman) & Haris Basit (Vice Chairman).
Pretty good deal, huh?
They've been doing this for YEARS. Discounting shares to themselves, while Carl (CTO) gets the cash, and the REAL shareholders are left holding the lump of coal.
Another 8-K filed 3/7/2018
Haris buys ("loan") 32,947,020 shares of stock at $0.000151 per share for a total of $4,975.
https://www.sec.gov/Archives/edgar/data/1270200/000156459018004604/vspc-8k_20180302.htm
That is his M.O.
He buys the shares at an 80% discount. Carl gets the cash in form of a "paycheck".
That is how it has been for YEARS.
NEW 8-K FILING
Schewe gives Carl $15,000 in exchange for 98,039,216 shares at a price of $0.0001530 per share.
Where is the organic growth & revenues?!?!?! Haha!
https://www.sec.gov/Archives/edgar/data/1270200/000156459018004190/vspc-8k_20180226.htm
I wonder what the "company" is going to do for the shareholders with the tax reform benefits? Oh wait...the "company" has to make money other than selling shares of stock to benefit the REAL shareholders.
90% of my other stocks are buying back shares, giving special dividends or increasing their dividends.
Oh well, I am sure Carl received a nice tax benefit on his paycheck that he didn't earn.
Where oh where has little Carlito gone?
What has he done the last three months to earn his paycheck?
Watch it slow!
Carl has spent that money on his house in California, new cars, vacations for him and his wife - Thailand, Myanmar, Spain, France, Portugal, South Africa, Nicaragua, Hawaii - and those are the ones we know of.
He also bought their lakefront vacation home in Nicaragua with the money.
Probably has trusts set up for his adult children & grandchildren.
Black hole of MOU's swallowed it up.
All designed to sell shares of stock.
Have fun in Hawaii, btw!
I've been considering buying a restaurant or two out there. We love Kauai and Maui.
No clue.
You can always email the worthless Investor Relations guy, Jan Vandersande. He'll probably ignore you. Or even better yet, you could call IR and Jan will tell you it's TOP SECRET!!! That is, if he even answers the phone or calls you back.
When I was in California a few years back, I emailed Jan and Carl about a month in advance, asked for a tour of the plantation near San Diego, or, if they were busy (haha) even an address where I could drive by and get a photo of it, as a shareholder.
Big surprise - no response...from either...ever.
I would suggest those who want to post here read the IHUB terms of service, specifically, section 5. These are the terms that you agreed to when you signed up.
https://investorshub.advfn.com/boards/terms.aspx
Thank you.
No worries.
According to the most recent 8-K, the 382 N. Lemon Ave address is current.
Funny that you mention Rocket Scientist, Space, Carl & VSPC.
I did some rough calculations.
If you printed each issued share of VSPC stock, and laid them end to end, they would reach from earth to the moon and back 2.5 times.
Let that sink in.
Here's the NEWS!
8-K issued on 1/19/2018
Haris Basit gives Carl $6,500 and in return gets 40,498,442 discounted shares of common stock at a price of .0001605 per share.
https://www.sec.gov/Archives/edgar/data/1270200/000129993318000057/htm_55759.htm
Surprised? That's what happens when the only employee takes the first four months off, shows up to pick up his paycheck for 1 hour and disappears back to Nicaragua to his vacation home again for the other 8 months.
Hawaii is a nothing.
Nicaragua has always been a nothing. Look at the previous years' 10-K. Carl even says Energia Reino Verde (Green Kingdom Energy/Nicaragua project) is valued at ZERO. Get in the loop!
There is nothing going on, as usual, except for Carl collecting a paycheck while sitting on his backside in his hammock at his Nicaragua vacation home for the next four months.
Tanya and Aaron are living in California? That's funny! I wonder if they moved in next door to Carl!
HA!
My bad. Wrong stock.
BIEL outed as a scam by SEC. Nice.
Yeah, pretty pathetic. Must be nice to produce only fake news for 10 years and get paid a large salary. Carl has a pretty good gig - get paid to do nothing, have shareholders pay for your vacations and vacation homes.
I wonder what Tanya from Tibbar is up to after she fleeced the folks of St. Croix of their hard-earned money?
Here is to another comedic 2018 courtesy of Carl, Kevin, VSPC & their online spokesmouth, Double R!
Best wishes & success to you in the new year, Hystart (and the other REAL shareholders who are stuck with this scam stock)!
Viaspace 2017 Year in Review:
A couple of fake news releases.
Hundreds and hundreds of millions of shares of stock issued to Kevin Schewe, Haris Basit & Carl Kukkonen.
VSPC stock on December 29, 2016 was .0017 per share.
VSPC stock on December 29, 2017 was .0006 per share.
Happy new year.
Your idea of "hard working, successful & proven" is...........interesting.
The exception is Schewe being an actual medical doctor. He hasn't done squat for VSPC shareholders - just himself.
Carl hasn't done squat for VSPC shareholders except generate fake news, then take shareholder money and put it in his own pocket to buy him & his wife vacations & vacation homes.
Haris Basit didn't do anything for VSPC shareholders - just himself.
Vandersande is still alive? He certainly hasn't done squat for anybody but himself as well.
Awesome. Thanks for the reply.
Anyone know how the State of Nebraska can offer tax incentives, when the unicameral/legislature isn't in session until after the new year?
Just wondering, unless these tax incentives were already in place from the last session several months ago.
A lot of people in the same situation. I was. I owned 1 million shares at one point. Then as the price cratered, I started looking into Carl's past and the pasts of the people he did "business" with. That was when I started selling my holdings in VSPC to get back what I could. I'm glad I did.
I now own 25,000 shares, and have held them for quite a number of years.
It's really too bad Carl chose the dishonorable path instead of actually being a businessman.
That's awesome that your company is participating in the RFP. Good luck, Hystart. Hope someone can bring reliable & affordable green energy to Hawaii.
As for VSPC & GKG, this is interesting that they are not economically feasible - the company or the grass. Not mentioned anywhere? That's odd!
So are you saying *you* saw the plantation?
And I have a feeling that the first four months of 2018 are going to be awfully quiet.