Viaspace, Inc. (VSPC)

[hedge_fun]

Sorry about not getting back to you sooner.....traveled home yesterday.....

The CT order is really pretty simple.....go to the 8/12 filing of the S-1.....it's the acct number(duh)...of IPA.....but it's also the price agreement between IPA and China gate......it says the ********* will be filed as a Confidential Treatment Order.....so that is a small RED FLAG to me.....not a real biggie....just suprised at what I'm reading here about it and why longs didn't know....especially since many have IR on speed dial....some think it has to do with IONFINITY or Samsung....lol

The real RED FLAGS I have with VSPC are these:
#1 Overpaying by $12 million dollars for IPA....and writing it off as Goodwill.....you and I have already discussed that.....you thought it was good to get rev's going.....I think Chang has VSPC by the throat and is going to eventually suck the life blood out of this company.....we shall see.....he only has every family member in the deal.....

#2 The 11/25 filing....section 70....#4...."No director shall be disqualified by his office from contracting with the Company either as a vendor, purchaser or otherwise"......you go out of your way to do one or the other.....PREVENT THIS.... or....ALLOW THIS TO OCCUR....this is not in the filing by accident.....
Remember Tom Daschale....and his wife Linda who lobbied I believe for Boeing.....and we ended up leasing all those planes....that would have been cheaper to BUY outright.....as least Tom was smart(dumb?) enough to say....my wife can only lobby the house....I'm in the senate......great leadership would be as far from conflict of interest.....as the east is from the west....imho
...this is a RED FLAG

#3 The most recent was how this live trial is being swept under the rug.....VSPC made a BIG deal about it.....It's a BOARDMARK on this discussion board.....the lab test(?) replace a real honest to goodness.....throw the grass in the fire....burn baby burn....light up China....live trial......but VSPC led us to believe that was going to occur by the end of the year....I want an update....some other longs agreed....one posted something like.....VSPC needs to tell us ASAP.....and what I read in the filing does not lead me to believe DP can't wait to cut a seven figure check....to VGE....

Now I have no illusions that I'm going to change minds....I've only ask questions......had some spirited debate....but had to do a lot of leg work on my own.....which is good....and these are some of the things I'm reading about VSPC management.....

If you are ok with the overpayment fine....the lack of follow through(imho)on the live trial fine.....and the conflict of interest clause, fine.....but those are red flags to me.....you can do as you wish.....I'm not interested in a long term investment with VSPC....on those grounds.....will I buy some stock....try to make some quick money.....maybe...we will see...

As for VSPC saying in a foward looking statment(?)....I think you are posting that VSPC made a foward looking statement about the demand for GKG being more then they thought....or something like that.....that was by other posters....NOT BY VSPC....or I haven't read that in a filing......the reason that Jan gave them....the read between the lines....DP wants to keep this hush hush(the test results)....that's where that idea came from....not a foward looking statement....if VSPC made such a statement....it would not be at the pps it is now.....

The suggestion that I have not given info or references I wish to take exception to....I have given numerous references to filing...pgs 46-67 that's where you find the overpayment....the $1,006,000 Chang owes IPA....the two employees owed $44k....I found the filing fom 10/15 about the test with DP....others were demanding word from VSPC.....I found info that other longs were waitng for.....from VSPC.....

I have never said VSPC has done anything illegal.....In fact I've gone out of my way to say the have not.....PR's can be VERY suggestive.....they can be very well crafted....and they can under deliver in the long run....Articles titled Grassoline and publications called Biomass.....can print some pretty glossy articles about potential......and it's all legal.....but filings must be accurate....numbers must be audited...that's why the SEC requires them....they don't call IR and see what Jan says....or ask for a pr.....nor do I....Green Baron has been paid to write what they have....you posted that.....

I have suggested the RED FLAGS based on everthing in FILINGS.....I have never critized the product or other techs....it's all been about biz opps....you see it one way....I see it another......I have provided specifics.....credibility is in the eye of the beholder.....it is how you see things....or choose to see things.....that determines that....in the world of....... OPINION....glta