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Effective April 2, 2021, the Registrant and its President, Mark A. Oliver, mutually agreed to terminate his employment with the Registrant as well as any other positions he held with the subsidiaries of the Registrant.
Per today's SEC filing.
I recently checked twitter for people mentioning VSPC. Nobody is anymore - big surprise. Nothing to talk about after they realized the "company" hasn't done anything for years (actually, EVER).
Two more months and it will be two years since they filed any financials with the SEC!
Just for S&G, I checked out Jeff Laberge...and even he isn't posting anything.
New 5% ownership!
Wellington Trust Co has acquired a 5.38% stake in the MDWT.
https://ih.advfn.com/stock-market/NASDAQ/midwest-MDWT/stock-news/84691129/schedule-13g
If you are hoping for news soon, hope in one hand, $h!t in the other and see which fills up first.
Viaspace cannot issue "news" until all of their 10-Q's and 10-K's are brought up to date. The last financial report was filed June of 2019.
If they did put out news prior to financials, the SEC & FINRA would suspend trading in VSPC so quick it would make your head spin.
Schewe must not be too busy treating cancer or getting the Viaspace financials in order.
He had the time to write book #2, called "Bad Love Tigers" which was released July 2020. He then wrote book #3 called "Bad Love Beyond", released November 2020.
I doubt bankruptcy is even being considered. The only "creditor" if you want to call him that, is ex-CEO Carl Kukkonen. The "company" owes him for "salary" that was deferred.
Unless Carl seems to think he is still owed this fake salary, for running a fake company with fake press releases & contracts, I don't think bankruptcy will happen.
If anything, the company will just go dark/defunct and fade away. Schewe seems perfectly happy breaking SEC laws by not updating financials. But I bet he is still being paid by the magic hand lotion company somehow.
Just my opinion.
Midwest Holding added to the Russell 2000 index!
https://ih.advfn.com/stock-market/NASDAQ/midwest-MDWT/stock-news/84635524/midwest-holding-inc-joins-russell-2000-index
Here's a hot news tip:
He doesn't know. Viaspace hasn't released news in almost two years because there is no news to release.
The previous CEO, Carl Kukkonen, used shareholder & company money to buy a vacation home in Nicaragua (non-extraditing country) and also paid for vacations for him and his wife all over the world. He also made up fake MOU's with fake businesses and scammers.
The current CEO isn't doing anything and the "cosmetics" and "hand lotions" aren't making any money, hence why they cant afford to pay for accounting & SEC filings.
Sorry, but you got snookered. Live and learn.
Good luck in your next investment.
Midwest Holding (MDWT) will join the Russell 2000 index on March 19!!
https://s27.q4cdn.com/816399992/files/doc_financials/2020/q4/MidwestHolding_Q42020_StakeholderLetter.pdf
We posted strong financial results, year-over-year:
» Our annuity direct written premiums grew 158% to $415.6m
» Our adjusted revenue increased 241% to $24.1m
Cash and investments grew from $148 million in 2019 to $669.9 million in 2020. INCREDIBLE!!!
Adjusted net income for 2019 was a loss of $2.1 million. For 2020 it was a gain of $1.1 million!
For the full year 2020, annuity direct written premiums grew 158% to $415.6
million, compared to $161.4 million in 2019.
For the full year 2020, adjusted revenue was $24.1 million, an increase of 241% compared to $7.1 million in 2019. The largest components of adjusted revenue in 2020 include:
• $12.5 million of net revenue on reinsurance, primarily ceding commissions
• $4.0 million of investment income, net of expenses
• Reversal of $2.9 million of net realized losses on investments related to the
total return on the asset portfolios held by Midwest as collateral
• $3.5 million of net realized gains on investments related to FIA hedging
They can.
Carl Kukkonen has done that several times in the past. Gifting shares to his children, who then get a nice fake news release to increase the share price in order for them to sell.
But, appropriate public disclosures must be made, which they can't do right now because they are almost two years behind in financial reports.
10-K and conference call after market close on Monday! Expecting BIG news on earnings & maybe a new product announcement?
Good thing Schewe is prevented from selling his shares during the run up. If he did, he would run afowl of many SEC regulations (not that that has stopped Carl, Kevin or Haris before).
Insiders cannot sell their shares while they are not current with the SEC.
Kevin would be practicing proctology in a jail cell if he did.
Believe me, everything that comes from Viaspace is made up.
I couldn't have said it any better.
Conference call scheduled for March, 15, 2021 @ 5:30pm EST to discuss 4th quarter results & fiscal year 2020.
https://ir.midwestholding.com/news/news-details/2021/Midwest-Holding-Schedules-Conference-Call-to-Discuss-Fourth-Quarter-and-Fiscal-Year-2020-Results/default.aspx
CONFERENCE CALL DETAILS
To pre-register for this call, please go to the following link (you will receive your access details via email): https://www.incommglobalevents.com/registration/client/6993/midwest-holding-inc-q42020/
WEBCAST DETAILS (Audience)
Use this link to access the audience view of the webcast.
https://event.on24.com/wcc/r/3031855/C66A671B64E3CDEB9083A1CBF9FF8408
A replay of the webcast will be made available after the call on the Investor Relations page of the Company's website at https://ir.midwestholding.com
If Viaspace (VSPC) files its financial documents and if they show they own a majority of Viaspace California, then you can put Viaspace California up on the intro box.
Until then, the proof that we have is what we have presented. Gut feelings, guesses, wishes, hopes & dreams are not evidence. 11% ownership is not enough to be called a subsidiary.
The REAL shareholders have been waiting for 1.5 years. Excuses, excuses, excuses.
Please provide proof of new news releases.
You are right that Elite Therapeutics & Bad Love Cosmetics are 100% subsidiaries of Viaspace.
Unfortunately you are VERY WRONG about Viaspace California. Taken from Viaspace's most recent 10-Q, is the following:
Dondoof,
You have replied that the FINRA ban of Jeffrey LaBerge is from 2017 and I agree with that. He was barred from acting as a broker or investment adviser or otherwise associating with firms that sell securities or provide investment advice to the public.
LaBerge being barred is still current, per the FINRA website. Attached is a photo where the FINRA website says the ban is INDEFINITE. Which means, LaBerge is still barred.
Plus, this is NOT the Viaspace California IHub board. This is the Viaspace board. When Viaspace California sells its shares on a stock exchange or over the counter, a board will be created for it. Therefore, the Viaspace California information you placed in the ibox will be removed. I dont want potential investors to think Viaspace is a hemp company, because it is not.
Please stop altering my ibox entries.
10-K (Annual Report) should be out in the next 2-3 weeks. I have a feeling it's going to be good!
10-Q due in May should be good also with the addition of Michigan, where the company can now sell its insurance products.
I totally agree. I love proof and evidence.
Yeah. I had a pretty good chuckle when I read that. Sounded almost like our favorite Texan who creates fake news out of thin air.
Who are your "reputable sources"? If you wont say who, then they don't exist.
Who is Dr. Carl Kukkonen, Dr. Kevin L. Schewe, Haris Basit and associated board members?
I'll take "lights out" for $1000, Alex.
Could very well happen.
No, I wasn't serious. But, ya still have to call out the fake news.
Post the email then.
Fake news.
That's what they told me a year and half ago.
They're lying.
Yup. All gone. Back to normal - .0003 soon enough.
Made up on an imaginary article on an imaginary website disguised as due diligence.
American Life & Security products now approved & available for those living in Michigan!!
https://www.linkedin.com/feed/update/urn:li:activity:6764532007608360962/
I couldn't have said it better myself!
The sheeple always get scammed chasing a quick buck and not doing research!
It's so funny seeing the messages from the n00bs here.
Come on BERK!
SLAP THE ASSSSK