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The REAL shareholders of VSPC are needy and Carl hasn't done squat for them.
I commend them for this, but it's just a smokescreen.
Hmmm.
Rodman must not have found anything VSPC related in Hawaii.
I see on the VSPC facebook page he is asking them for pictures.
I never mentioned, or spoke of negotiations with financiers in my comment.
It wasn't the topic of my comment.
Buffett and his lack of interest was the topic of my comment.
ToDD should've phrased his comment differently or been more clear in who he was talking about.
Thanks.
I suppose you're right, you didn't "say" it. You typed it.
We all know Buffett isn't interested. Mark (the CEO of NioCorp) said it.
The only reason you responded was to make it sound like there might be some behind the scenes secret negotiations between the two, that the company can't admit to (even if there was), due to insider information regulations, that common investors wouldn't be privy (pricey?) to.
There isn't. Stop beating a dead horse and stick to verified facts.
Oh I see. You were trying to create some false buzz.
Thanks for the clarification.
Yes, you did.
Right after freedom5 (post #31025), in which he inquired if Buffett had been contacted about investing in NioCorp, I responded with (post #31041): Mark says: "Yes, Buffett contacted, he was not interested".
Then you respond to ME:
TO Double D Tuesday, 11/28/17 12:04:49 PM
Re: Big Casino 1518 post# 31044
Post # 31045 of 31053 Go
There are definitely talks and negotiations going on that investors are not pricey to for obvious reasons.
You are insinuating that there are secret negotiations between Buffett and NioCorp that investors are not privy to.
Jog your memory now?
Obviously. I'm well aware of insider information rules.
Once again, I'll ask - How do you know there are secret negotiations between Buffett and NioCorp? I'm not asking for specifics about those negotiations. I am asking how you know about them, since you claim there are, indeed, secret negotiations on-going.
Thanks.
There are definitely talks and negotiations going on that investors are not pricey to for obvious reasons.
I'm just going by what Mark said, publicly. If Mark says "Warren wasn't interested", then that's that.
I don't believe there are "secret" negotiations for one second.
In the town hall meeting, someone asked Mark specifically if they had contacted Buffett.
Mark replied yes, they had, and Warren wasn't interested.
10-Q is out! Here is the short version:
3,402,514,447 shares issued and outstanding
"Investment" in Almaden Energy value: $6,000 (-$2,000 from last quarter)
Net loss for quarter: -$294,000
New principal executive offices: 344 Pine St, Santa Cruz, CA 95062
Don't get excited, the new office is some guys house, which is hilarious.
The test plot in San Diego no longer exists. They cancelled the lease the end of August, 2017.
Company "owes" Haris $60,000 for back wages. Why, I don't know. He didn't do anything.
Viaspace recorded sales and have contracts scheduled.
multiple related projects involving biomass green energy and animal
feed that are under consideration as a result of these Hawaii-focused activities.
I went to the Hawaii Gas website and read through materials in regards to the renewable energy project. It mentions no where the name Clean Energy Solutions Pacific, Viaspace or Giant King Grass.
Once again, I google "Clean Energy Solutions Pacific", and all that comes back is their website, Viaspace PR's and a few biomass magazines that just published the PR from Viaspace.
No mention of them ANYWHERE else.
For a company that supposedly has $800,000,000 of projects on-going, they sure keep those projects TOP SECRET.
I wonder why that is?
Carl decided Nicaragua (a site of a "project" - Energia Reino Verde).
He bought a vacation home there.
They sure weren't forthcoming with details. And still, nobody can find anything about the project other than "it's not dead".
Looks like a lot of forward looking statements, not anything backed up with facts.
We'll know really quick, as the 10-Q is due today.
Of course, we can always look at the previous 10-Q's and 10-K's and see that no business is being conducted.
Excellent due diligence is a wonderful thing.
Well, I would say the chances are good. The 10-Q is due in the next 36 hours at least. Not that that means much.
As for substantial news, I wouldn't hold your breath.
VSPC was dead the day it started - the day Carl chose to just sell shares instead of actually run a business.
No news, no staff, no revenue, no profit!
Just vacation homes in Nicaragua, vacations to Europe, Asia & Hawaii!
All paid for by the REAL shareholder.
Business as usual @ Viaspace!
I wonder if Schewe has the knowledge required to make the required SEC filings, or if Da Muz filled out the paperwork beforehand?
There really isn't much to report, though. It's all expenditures - never income.
Sad.
I find it hard to understand how Schewe can be Chairman, CEO & CFO and run a medical practice?
Eight months since the last "business" news. Carl must be working hard over in Europe. Must be nice to be able to travel all over the world on the shareholder dime.
8-K issued
On October 2, 2017, the Registrant announced that effective September 30, 2017, Stephen Muzi resigned as Chief Financial Officer (CFO) of the Registrant to move to a position with a private company. Dr. Kevin Schewe, largest shareholder, Board Chairman and Acting Chief Executive Officer (CEO), becomes the acting CFO of VIASPACE. Dr. Carl Kukkonen, Co-Founder of VIASPACE, remains in his position as Chief Technology Officer (CTO) and Haris Basit remains in his position as Vice-Chairman of the Registrant Board of Directors.
CFO bailed. Schewe now Chairman, CEO & CFO.
https://www.sec.gov/Archives/edgar/data/1270200/000129993317000997/htm_55408.htm
Artwork?
They went down that road as a way to give free shares to Chang.
They issued 245,960,622 shares of VSPC stock in 2008 to Sung Chang to "purchase" his Inter-Pacific Arts company and "GKG license". When they couldn't/didn't/wouldn't meet the requirements of the GKG license, Chang got to take his business back, and keep the 245,960,622 shares of VSPC stock.
Free shares. Per the most recent 10-K, Chang is liquidating ALL of his shares. I wonder how much cash Carl gets from Chang as Chang sells all of his shares?
No, no real debt to speak of.
Bankruptcy isn't on the table. Selling shares is the name of the game.
"Included in the Company’s balance sheets at June 30, 2017 and December 31, 2016 are Related Party Payables of $718,000 and $640,000, respectively. The Company has a payable of $668,000 and $640,000, at June 30, 2017 and December 31, 2016 owed to Dr. Carl Kukkonen, CTO. Of the amount owed to Dr. Kukkonen, there is a cash component totaling $164,000 and a common stock component totaling $504,000. Dr. Kukkonen deferred a portion of his 2009, 2010 and 2011 stock awards and is entitled to the following unregistered shares of Company common stock at June 30, 2017: 11,195,707 shares for deferred 2009 compensation; 8,467,939 shares for deferred 2010 compensation; and 24,730,678 shares for deferred 2011 compensation. The Company also owes CEO Haris Basit $50,000 at June 30, 2017, representing salary earned but not paid."
Per the most recent 10-Q. These are the only debt.
"...owed to Dr. Kukkonen..." That's funny. He's the one who OWES shareholders.
Carl probably FORGOT to account for $55 million in GRASS. He was really HAPPY while spending it though! Probably bought a lot of Doritos and Reese's peanut butter cups! :)
The lady who managed it is the same gal that manages Schewe's Elite Therapeutics facebook page. I think they did give up on it because people got tired of them posting news of other green energy companies.
So yes, I think they have given up on it. I think they have finally given up on publishing fake news period. People finally caught on that the MOU's they signed were with fake companies.
Yes, yes it does.
Watch it grow!
Ha ha ha!
According to the most recent 10-Q, the company has spent $53,949,000 in 10 years.
Where has it gone? Hmmm. Indeed! Where has it gone? Salaries, benefits, vacation home in Nicaragua, vacations all over the world for Carl & his wife. Not to mention their very nice home in Dana Point, CA.
You can put the Warren Buffett/Berkshire investing in NIOCORP to rest. That was brought up in the Q&A session, Mark said they had reached out to him, through several sources, and he declined.
Too bad, but now we know.
Sure don't see the Doctor's dumping stock.
If they are embellishing the news to be misleading why continue to fund and loan the company money for a worthless stock.
Wow. Carl enriches himself by accepting paychecks and free or discounted shares of stock for doing nothing. That is enriching himself at the cost of the REAL shareholder.
THE SHARES ARE SOLD TO SCHEWE AT AN 80% DISCOUNT TO THE DAILY PRICE.
That means, if he buys $10,000 shares at .0003, he gets 33,333,333 shares. Those shares are worth $39,999.99 at the current market price of .0012.
I'd say that's enriching himself.
He also receives FREE SHARES as compensation for the "Board of Directors meetings".
He owns somewhere around 1.3 billion shares. He won't be hurt by a reverse split. Even when he reverse splits, he will still own somewhere around 100 million shares. Then he issues MORE FREE shares to himself as a bonus, or wages. FREE. Then sells them cash. That's what Carl has been doing for 10+ years. Carl will do fine post reverse split because his shares were either HEAVILY DISCOUNTED OR FREE. Haris will do fine post reverse split because his shares were either HEAVILY DISCOUNTED OR FREE.
The only people that a reverse split will hurt is you, me, and other REAL shareholders. Schewe & Carl will make his money, that is a guarantee. The REAL shareholders won't.
Get it?
It is rather disturbing after a change in leadership there has been no news for REAL shareholders. But, when all management is concerned about is enriching themselves, there isn't much to report.
joshgets46, I am glad to see that you have finally realized that Carl & Co., are only interested in taking shareholder cash, and NOT helping fight global warming, or promote green energy.
I wish I had been wrong about VSPC all these years. Many real shareholders have lost A LOT of their hard earned money, while Carl spent their cash on fabulous vacations all around the globe with wife, and purchasing a vacation home in Nicaragua, all on the shareholder dime.
Just remember one thing...
If things at VSPC were on the up and up (to the moon!, Watch it GROW!) why would the second largest shareholder (Chang) be liquidating all of his stock in VSPC? After all, it's free money, basically. He was given 300,000,000 shares, roughly, for his Inter-Pacific Arts company. Then he took back his Inter-Pacific Arts company and kept the shares. Free money.
Schewe is in total control now, just as I predicted. Schewe only has $20,000 left on his current discounted share purchase agreement. He owns about 1,400,000,000 (1.4 billion) shares, discounted. He has bought nearly 90% of his shares at an 80% discount.
There is only about 500,000,000 company shares left to sell. 3,400,000,000 shares issued, 3,900,000,000 authorized. They may have another small share purchase agreement so the remaining authorized shares can be sold at a discount. Then reverse split.
Who knows, but I've been right ever since 2008.
When a company does a reverse split, it cancels its current outstanding stock and distributes new stock shares to its shareholders in proportion to how many shares they owned before the reverse split. For example, in a one-for-10 reverse split, shareholders receive a share of the company's new stock for every 10 shares of the company's old stock that they owned. If a shareholder previously owned 1,000 shares, she/he would own 100 shares after the reverse stock split.
I still believe the GKG story is getting close to finished.
Schewe is now CEO, Chairman, and largest "shareholder".
The GKG story goes away, and Schewe reverse splits, and reverse merges his cosmetic company into the VSPC shell.
10-Q issued 8-14-2017
Issued shares as of 8-14-2017 - 3,325,594,447
Issued shares as of 5-15-2017 - 3,059,906,016
Shares issued in this quarter - 265,688,431
________________________________________________
Investment in Almaden Energy
Value as of 5-15-2017 - $10,000
Value as of 8-14-2017 - $8,000
Loss of $2,000
________________________________________________
Revenue - $15,000
Costs - $293,000
Loss for quarter is $278,000
________________________________________________
Management really sets the bar high!! Watch it grow?!?!?!
Given the track record of VSPC, how can Kevin dedicate the time necessary to be CEO of a publicly traded "company" and continue his career as a radiation Oncologist?
I believe that is TOP SECRET and CONFIDENTIAL information.
Carl & Kevin don't want any competitors to undercut VSPC or steal away any of the hundreds of lucrative, highly profitable contracts. /sarcasm
Seriously, though. They keep all of that "confidential" for a "competitive advantage". I'm pretty sure VSPC has cornered the market on selling shares of stock, so their secret is safe.