Viaspace, Inc. (VSPC)

[Werbe]

So 880k in liabilities but 749k is owed to director. I cannot find any convertibles besides loans that can convert tied to insiders.

IMO if they put out PR forgiving these totals, this ticker would be friggin awesome. Product out and would be nearly clean. Huge insider ownership that would love 2 see this higher.

Included in the Company’s balance sheets at December 31, 2017 and December 31, 2016 are Related Party Payables of $749,000 and $640,000, respectively. The Company has a payable of $749,000, at December 31, 2017 owed to Dr. Carl Kukkonen, CTO and Mr. Haris Basit, Director. Of the amount owed to Dr. Kukkonen, there is a cash component totaling $185,000 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 December 31, 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 amount owed to Mr. Basit is cash totaling $60,000. In addition at December 31, 2017 there is Related Party Payables owed to Dr. Kukkonen in the amount of $2,815, to Mr. Basit in the amount of $8,831, and to Mr. Nicholas Stoll, in the amount of $4,500.