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Re: hedge_fun post# 6634

Thursday, 02/18/2010 10:17:20 AM

Thursday, February 18, 2010 10:17:20 AM

Post# of 31561
horse, your theories are amusing.........

I think you are missing the entire point of this transaction.........

What you fail to realize, is that Chang is a significant shareholder of VSPC…..Dr. K could have easily raised the funding to pay off Chang………same way most other pennies do it…deadly dilutive financing…………This would not have been in anyone’s best interests……..Chang does not want to run VGE on his own……he wants to work with Dr K, and he wants to make money……..it would be in his best interest to work out a deal (part loan, part shares), that would maximize the value of his VSPC holdings…….this is why he has agreed to all the extensions and is working with the company now……..

If his goal was to keep VGE and the VSPC shares, he would have done this a long time ago……………

later
BigD