I see a lot of posting here that things will be happening soon....VGE trading .....deals announced......better happen soon.....or a HUGE sell off will occur(imho)......the drift lower shows the opposite of your forecast......peeps have waited long enough.......VSPC got extended 6 months on the second closing.....and not one deal has been announced....even with the extention.....I say that if there is NO deal.....Chang takes over.......I believe that is part of the deal with Chang....Carl get it done or else.......remember those provisions in the S-1.....
In the event that the Second Closing of the acquisition of IPA BVI and China does not occur, VGE’s Parent Company will no longer be permitted to operate in the grass business for three years; however, VGE will continue to be permitted to operate in the grass business.
Our senior management team has worked together for a short period of time, which may make it difficult for you to evaluate their effectiveness and ability to address challenges.
Due to our recent restructuring and additions to our corporate management team, our senior management has worked together at our company for a short period. As a result, it may be difficult for you to evaluate the effectiveness of our senior management and their ability to address future challenges to our business. In addition, we may not be able to successfully execute our plan to recruit qualified candidates with substantial experience in the global agricultural industry to join our senior management team in the future. Even if we recruit qualified senior management personnel, such new senior management personnel may not be able to work with our existing management to effectively execute our growth strategy and address future challenges to our business.
In addition, VIASPACE, Carl Kukkonen and Stephen Muzi have agreed to non-competition covenants with our grass and framed art businesses upon a failure to close the Second Closing unless otherwise waived by Mr. Chang. Upon such event, we would lose two of our key executives and our connection with our current parent company, VIASPACE.
I'm not saying this is going to happen......but if there is NO deal....that is a HUGE drag on the IPO.....pps tanks(imho).....depending on how close a deal might be.....I think would be the deciding factor.....of Carl getting the boot or not......GLTA....we will all know soon eneough....
