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Wow. Nothing but silence from the "company".
No news, just them announcing more dilution.
It's like they are waving the white flag saying "We are selling shares, nothing more!"
Why the shareholders who supposedly own millions of shares don't report this BS to the SEC is beyond me.
10-Q is out! Carl, Kevin & Haris love your money!
Total assets declined by 50% from same time last year. $64,000 current vs $120,000. ($10,000 of which is cash or equivalent, $54,000 is "prepaid expenses")
Total liabilities increased from $869,000 to $904,000 from the same time last year.
Revenues, if you can call them that, remained $15,000 vs the same time last year.
Selling, general and administration costs for the quarter increased by 50% vs the same time last year, $312,000 vs $177,000.
Quarterly loss increased $100,000 vs same time last year.
The value of the Almaden Energy Group holdings decreased to $30,000. Almaden isn't producing anything, hence why the value is dropping like a rock.
Company issued 50,000,000 shares ($175,000 worth of stock) to SOMEONE for a "future funding source".
As of March 31, 2016, there were 2,197,951,343 shares of common stock outstanding.
As of May 17, 2016, the Company had remaining availability under the note (from Kevin Schewe) of $185,000.
10-Q due out sometime. Wonder if they will have anything worthwhile in it.
No news since the last 10-K, which is disheartening.
I am going fly fishing in Colorado for a week and will be gone until May 10th and will check for VSPC news upon my return.
Expecting more Schewe-money news (probably the only news) as it is the last of the month at the time of this post.
GLTA!
Chang is irrelevant?
I thought "brother and sister companies work stronger together!" ??
Chang holds and is selling 240 million shares - based on Friday's close, that is $840,000. I would say he's very relevant - except to drive the share price down so old Kev can get more shares!
Kevin is already making a huge return - he gets an 80% discount on his shares he converts from the death spiral funding he is providing. That's an instant 80% gain.
I think I have another idea what they are planning...i'll wait a while to reveal it - and it doesn't make REAL shareholders ANY money - just makes money for themselves!!
Chang dumped 16 million shares in 2015
2014 ownership:
Sung Hsien Chang (d) 264,422,273 15.8%
2015 Ownership:
Sung Hsien Chang (d) 248,004,371 10.3%
------------------------------------------------------------------------
16,417,902
Based just on today's stock price (.0035) (he could have sold higher while the share price was going down), that value is roughly $57,000.
Not bad for FREE shares he was given back in 2007-ish.
So much for the "Brother and sister company's work better together!" Why would he dump if it was such a great deal?
And remember - VGE isn't even publicly traded anymore. Change revoked the outstanding shares 2 years ago and no longer files with the SEC.
2015 losses vs 2014 Losses
Net loss -
2015- (2,006,000 ) 2014- (752,000 )
Almost 3x the loss vs. previous year.
Book value per share (total assets minus total liabilities divided by shares outstanding)
Assets - 120,000 minus Liabilities - 869,000 divided by shares outstanding of: 2,025,451,343
Book value per share: - $3.67 a share. That's negative three dollars and sixty seven cents.
The value of the "investment' in Almaden Energy Group dropped by more than half ($40,000).
The value of the "investment" in Energia Reino Verde is still ZERO.
At the end of 2015 the amount of shares that are issued & outstanding - 2,025,451,343
Watch losses & dilution GROW!
Yep. Nicaragua doesn't have an extradition treaty with the USA.
Good place to hide out if one commits financial crimes in the USA such as scamming stock market investors out of millions of dollars!
More Schewe money!!!
$1,080,000 Schewe has "loaned" to VSPC, and not a darn thing to show for it except for Carl's new party house in Nicaragua!
Carl and Noreen love REAL shareholder money and say thanks for the new vacation home!!!
They've been pumping animal feed for at least 5 years - and not ONE dollar from feed has been seen EVER.
New "agreement" with Chang.
Gave away their *great* MOU's in Thailand and Myanmar.
Interesting tidbit...Nicaragua is a non-extradition country. Is that why Carl bought a house there with REAL shareholder money?
10-K due by end of week.
Carl & Noreen love REAL shareholder money!
Remember how often I say the "business" travel is actually vacations?
From Carl's neighborhood community HOA newsletter:
"On March 1, our own Carl Kukkonen gave us a spellbinding
overview of his adventures in Granada, Nicaragua. His
most telling recommendation was that he was soon to depart
on his 19th trip there in the last five years, and that he had
purchased a house there (to renovate as a spare time activity)"
http://www.niguelshores.org/community/wp-content/uploads/2015/08/April-2016-Newsletter.pdf
Page 9.
Adventures, huh? Not business? What. A. Scam.
The story, which DOESN'T MENTION BUSINESS ONE BIT, is about half a page long.
Nice to know your hard earned money bought Carl & Noreen another house.
Carl & Noreen love your money!
Since the 10-K wasn't filed today, most likely Da 'Muz will have to file the 10-K NT, like usual because he's too lazy to get it done on time.
With nothing going on except diluting the REAL common shareholder and cashing their paychecks, how hard can a 10-K be for an empty shell???
Carl, Kevin & Haris love shareholder money!
Smart move.
The only people making money off of this share selling scam are Carl, Kevin & Haris. The constant dilution & fake PR's are a killer to the REAL common shareholder.
I've been buying oil stocks too. They have made a nice bounce off the bottom.
Best of luck to you.
SEC cracking down on Green Energy company scams?
Found this on the SEC website this morning.
http://www.sec.gov/news/pressrelease/2016-53.html
FOR IMMEDIATE RELEASE
2016-53
Washington D.C., March 14, 2016 — The Securities and Exchange Commission today charged a microcap company CEO for falsely claiming to have a lucrative relationship with the United Nations and billions of dollars in clean energy contracts with foreign governments. The SEC alleges that RVPlus Inc. CEO Cary Lee Peterson made bogus claims in the company’s public filings and in statements to private investors, and that he and RVPlus participated in an unlawful distribution of RVPlus’s stock. The SEC temporarily suspended trading in RVPlus securities in July 2013, citing “material deficiencies” in the company’s financial statements.
“We allege that Peterson inflated RVPlus’s finances and expected profitability,” said Andrew M. Calamari, Director of the SEC’s New York Regional Office. “We also allege that using a pseudonym, he posted hundreds of messages to an online investors’ forum calling RVPlus stock ‘undervalued,” and urging investors to ‘buy up as much as possible.’”
In a parallel action, the U.S. Attorney’s Office for the District of New Jersey today announced criminal charges against Peterson.
According to the SEC’s complaint filed in U.S. District Court for the District of New Jersey:
Starting in May 2012, Peterson filed periodic reports with the SEC claiming that RVPlus had a lucrative relationship with the United Nations and clean energy agreements with governmental bodies in Nigeria, Haiti, and Liberia worth $2.8 billion. RVPlus had no relationship with the U.N. and the contracts were fictitious.
Peterson repeatedly claimed in RVPlus’s SEC filings that RVPlus had issued invoices and was owed millions of dollars in accounts receivable on the bogus contracts.
RVPlus and Peterson gained control of more than 90 percent of RVPlus’s free trading shares and gave them to individuals who unlawfully sold them into the market.
The SEC’s complaint charges RVPlus and Peterson with violating the antifraud provisions of the securities laws and an SEC antifraud rule. It also charges RVPlus and Peterson with violating the registration provisions of the securities laws and Peterson with aiding and abetting RVPlus’s violations of the antifraud provisions. The SEC is seeking a permanent injunction, return of allegedly ill-gotten gains with interest, and penalties. In addition, it is seeking to bar Peterson from serving as a corporate officer or director and from participating in the penny-stock business.
________________________________________________________________________
When conducting my own DD on VSPC, I have found enough evidence that makes me seriously worried for the REAL common shareholder of VSPC.
Wonder what 5-star resort Carl and Noreen are at now?
I can hear the share printing press running at maximum from four states away!
10-K due out by April 1.
If I go to my bank and say "I'll only pay for my mortgage if you give me 2x's the number of shares of stock in the bank."
Why would Carl agree to this?!?!?
Oh yeah...Carl, Haris and Khurram are all in charge of Almaden Energy Group.
It's a shady deal, like all of them are.
HA! This "company" gets more and more pathetic.
Today's PR:
Schewe money for shares. Carl money for shares.
Then one gets to Almaden Energy Group.
Almaden Energy Group, LLC., which is the shell created by Khurram Irshad, the "Board of Directors" consists of Haris Basit, Carl Kukkonen and a couple other no-namers.
Almaden Energy Group, LLC., "owed" Viaspace $30,000. Apparently they would pay $20,000 of it to Viaspace only if VSPC issued $40,000 worth of stock to Almaden.
"I'll pay you $20,000 I owe you, only if you give me $40,000 of stock, at a 50% discount to the stock price when I pay back $20,000."
The shares, based on today's stock price, equal $36,250.
Since Almaden Energy Group is a private company, they don't have to report what they do with the stock. In a years time, they can sell it for huge profits, split it up between the "Board of Directors" and no one is the wiser.
Just another way for Carl to raid the company of cash, leaving you, the common shareholder with even further diluted shares & losses.
From the 2/22/2016 PR:
"The Ministry of Energy and Mines of Nicaragua is currently evaluating the Energia Reino Verde application for a provisional generation permit."
From the 5/29/2013 PR:
"Meetings recently between the companies and the Nicuraguan government have secured approvals and licenses."
Seems like Carl lied (surprise, surprise!) back in 2013. Three years this story has been circulating.
Almost an entire month since the last PR (January 25, 2016).
Q: What has Carl & Co., been doing for an entire month?
A: Not much! Depositing their paychecks!
Carl & Co. must be having a difficult time coming up with a new way to spin the delays in the "financing" for various projects in order to sell more shares. No PR, no news. Carl must be having a beach party without the "common shareholders".
No PR about a new animal feed MOU. AAYFS!
Just another Kukkonen lie to sell more shares! That's all Pakistan was.
New Schewe loan is out -
"Loaned" $15,000. Converted to 37,500,000 shares @ .0004
Based on today's closing price, the shares are worth $118,125.
Gain of $103,125.
Schewe loves enhancing his shareholder value - not yours!
$285,000 left on the note.
From the 10/1/2013 PR - "VIASPACE Chairman Commemorates First Year and Outlines Future Plans"
Ok look at it this way.
Once Carl is paid off and "retires", Schewe will have a clean shell and majority ownership (plus the 1 preferred share).
Once the 3.9 billion shares are sold, he reverse splits. He can then raise the authorized shares again, and sell off billions of shares, just as Carl has done. You think he wouldn't make more than the 2 million he has bought the shell for? He will make at least 50x times that gifting himself free shares, bonuses, etc.
Buying a cheaper shell would be cheaper, but most shells are inactive and don't have a following like VSPC has. The following is worth it's weight in gold.
Buy what you want, it's your money.
WHAT'S NEXT?
There is 2.1 billion more shares to sell so they can keep putting money in their pockets!
Reading the 10-K's and 10-Q's would help. They mention Schewe could possibly loan another million...which will probably drop the share price down to .0001 due to the dilution.
Just in time for him to reverse split the shares, and wipe out any remaining shareholder value! Then give himself a ton of shares to make him whole and with a profit, while leaving you holding the bag.
GKG supposedly growing for two years, they've been hyping animal feed for two years, and yet not a dime of revenue from animal feed.
Hook, line and sinker!
Carl, Haris & Kevin LOVE SHAREHOLDER MONEY!!
Same PR they always produce, except they put Haris' name in it.
Always planning, waiting. Never ACHIEVING or COMPLETING!
Eight years of BS from Carl!
Carl, Haris & Kevin LOVE SHAREHOLDER MONEY!
Jan would be optimistic even if the world was burning.
He's been optimistic for 8 years, and never a project completed.
You want to know why?
He's paid to be happy & joyful when shareholders call/email.
When he sounds optimistic, they buy more shares to put more cash into Carl's pocket so he can go on vacations and tell tall tales of TOP SECRET customers and projects that only get so far, only to never be mentioned again.
CARL & JAN LOVE SHAREHOLDER MONEY!!!
Schewe gives Carl a $33,000 christmas gift!!!
He converts it, along with the November loan, into -
132,754,800 more shares! (DILUTION)!!!
Carl loves shareholder money!
All information contained is info we already knew from previous bogus PR's.
As for the TOP SECRET "customers", it's nothing but a bunch of BS.
Meanwhile, they continue to sell shares to put cash into their pockets!
Funny that Haris (the "CEO") hasn't addressed the shareholders and he isn't quoted in any of the PR's. It's always Carl & Kevin doing the talking.
Carl & Kevin love shareholder money!!
Silence, silence, silence.
Carl must have run out of grass stories to tell.
Wow. 10-Q is out and it's a doozy (and not in a good way!)
Selling, General and Administrative Expenses
Selling, general and administrative expenses were $487,000 and $135,000 for the three months ended September 30, 2015 and 2014, respectively, an increase of $352,000. Stock option compensation expense increased $239,000 in 2015 as compared with 2014 due to new stock option grants in 2015. Accounting fees increased $9,000 in 2015 as compared with 2014 due to the timing of audit invoices received in 2015 versus 2014. Overall audit costs remained the same in 2015 compared with 2014. Legal fees increased $15,000 in 2015 as the Company incurred more legal costs to review agreements. Consulting fees increased $67,000 in 2015 as the Company hired a consultant to assist management and the board of directors in corporate planning and also a hired a lobbyist to assist the Company in obtaining government contracts. Travel costs increased $7,000 in 2015 as compared with the same period of 2014, due to additional travel associated with conferences and new business travel costs. Other selling, general and administrative expenses, net, increased $15,000 for the three months ended September 30, 2015 compared with the same period in 2014.
Loss from Operations
For the three months ended September 30, 2015, the Company had a loss from operations of $473,000 compared with a loss from operations of $100,000 for the three months ended September 30, 2014, an increase of $373,000.
As for the Schewe "Loan" Program:
As of November 16, 2015, the Company had remaining availability under the note of $63,000. The Company anticipates that it will enter into a new note with Dr. Schewe after the conclusion of the current note, but negotiations have not been concluded yet. Based upon our cash requirements for our plan of operations and our current dividend policy of investing any available cash back into our operations, we do not plan to distribute any cash to our shareholders.
Gotta sell those other 2 billion shares!
Carl loves shareholder money!
Someone dumped 6 million shares.
May 31, 2005 it opened at $3.33.
Then Carl flooded the market over the next 10 years with almost 2 billion shares. Down it went!
1.8 billion shares sold (and 3.9 billion authorized) - and NOTHING to show for it!
Carl loves shareholder money!
Watch the outstanding shares grow!
Whoops. Wrong kind of 'revenue'.
Just another $20,000 into Carl's pocket.
Loan Agreement
On November 9, 2015, Dr. Kevin Schewe, Director of the Registrant, made a $20,000 loan to the Registrant in conjunction with the Loan Agreement entered into with the Registrant on September 30, 2012. In the Loan Agreement, Schewe agreed, subject to satisfaction of certain conditions, including among other things, Schewe’s satisfaction with the use proceeds of past loans, to provide loans of up to $1,000,000 as required by the Registrant for a five-year period. The loans would be evidenced by a Secured Convertible Note. The loans accrue interest at 6% per annum and are secured by all assets of the Registrant. At Schewe's election, the notes are convertible into shares of Registrant common stock at a price equal to 20% of the average closing price of the Registrant's common stock for the 20 trading days immediately preceeding the date of the loan. Each note matures on the second anniversary of the issuance date of such note. If Schewe chooses to convert, the $20,000 loan made on November 9, 2015 would convert into 28,571,429 shares of Registrant common stock at a common stock price of $0.0007 per share.
Including the newest loan, Schewe has made cumulative loans to the Registrant totaling $937,000 since the execution of the Loan Agreement.
The Note for the loan on November 9, 2015 is attached hereto as Exhibit 10.1.
Notice of Conversion
On November 9, 2015, Dr. Kevin Schewe, Director of the Registrant, in conjunction with the Loan Agreement entered into with the Registrant on September 30, 2012, converted $20,000 of loans that he previously made to the Registrant into shares of Registrant common stock.
Schewe had made a $20,000 loan to the Registrant on November 9, 2015. The $20,000 loan owed to him converted into 28,571,429 shares of Registrant common stock at a conversion price of $0.0007 per common share.
Subscription Agreement
On November 9, 2015, the Registrant entered into a Subscription Agreement with Dr. Carl Kukkonen, Chief Technology Officer and Director of the Registrant, in which Dr. Kukkonen agreed to purchase 4,285,714 shares of common stock at a purchase price of $0.0007 per share for $3,000. The purchase price per share was equal to 20% of the average closing price of the Registrant's common stock for the 20 trading days immediately preceeding the date of the investment.
The Subscription Agreement is attached hereto as Exhibit 10.2.
Revenues from what exactly? Nothing from Nicaragua or St. Croix - both are dead.
All the other MOU's are dead and/or fraudulent.
Where will the revenues come from?!?
I see more dilution (read the PR's) and a shrinking share price in the short, medium & long term. Best to stay away.
Carl & Kevin love your money!