Viaspace, Inc. (VSPC)

[hedge_fun]

This could could have led to Dr. Schewe to come back to Karl and ask for more shares to compensate for the increased risk and lowered expectations.

Lowered expectations? Do you remember the Loan Shark saying this?

Dr. Schewe commented: "The meetings during the Biomass Conference and the Board meeting that I hosted gave me an excellent opportunity to interact directly with the other Board members about my passion and vision for the future of VIASPACE. Most importantly, VIASPACE Green Energy President and VIASPACE Director, Mr. Sung Chang and I were able to spend time together to discuss our joint convictions and aspirations to make Giant King Grass the rising star of the renewable bioenergy universe. We have developed a close working relationship, and we truly believe that VIASPACE can become one of the first successful renewable biomass/bioenergy companies using our significant corporate knowledge and expertise and having Giant King Grass as our scalable bioenergy platform. Our meetings with representatives from the banking and finance industry were very well received. We will need their endorsement as we seek to grow our company and become successful. Our goal remains to increase VSPC shareholder value. Our recent pellet mill announcement is the beginning of our direct bioenergy revenue stream."

http://www.viaspace.com/press_article.php?id=1367

Shortly after those comments, Chang called the note due.

Schewe had many believing VSPC was going places and GKG was the bomb and the company didn't want to continue to dilute. Yet every time he loans money he converts before Karl cashes the check. Which is a sure sign he doesn't believe the company will ever repay monies owed.....in cash.