Viaspace, Inc. (VSPC)

[hedge_fun]

Interesting thought about dilution and how much is coming....from the latest filing....

Certain Effects of Authorized but Unissued Stock

We have 41,400,000 ordinary shares remaining authorized but unissued. Authorized but unissued ordinary shares are available for future issuance without shareholder approval. Issuance of these shares will dilute your percentage ownership in us.

according to the agreement with Chang....also from the filing...

If the Second Closing has occurred but if Registrant common stock is not listed on a trading market by January 15, 2010 (or February 15, 2010 if this registration statement is declared effective prior to January 15, 2010 ) , then VIASPACE will issue to Chang the number of shares of its common stock equivalent to US$5,600,000.

at 2 cents that's 280,000,000 shares.....what IF there is NO contract announced REAL soon....do you see VSPC trading at 2 cents?.....imho....it goes sub penny.....Chang has VSPC by the neck right now.....VSPC needs deals.....or Chang takes over....it's that simple....will he retain management if that happens....who knows?

Any thought?

GLTA